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1521 Kanaio-kalama Park Rd
Kula, HI 96790
$6,950,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3667
Property Description
“Perhaps the most glorious views in all of Maui...” ALL DAY, EVERY DAY! Welcome to VILLA ROCAVALLO, a fully rock walled and fenced 3+-acre legacy property perched just above Discovery Land Company’s Makena Golf and Beach Club, at a perfect elevation of 1,300 feet. Set on manicured, park-like grounds dotted with bougainvillea, cypress, jacaranda and olive trees, this triple-gated estate provides the privacy, security, and unspoiled beauty of Ulupalakua, while enjoying spectacular unobstructed views across the neighboring islands of Molokini, Kaho’olawe, Lanai, and Moloka’i. This four-bedroom, four-bath (plus media loft) home of approximately 3,667 square feet of fully air-conditioned space will undoubtably take your breath away. The residence’s interior presents a harmonious blend of Tuscan farmhouse, contemporary design, and natural beauty. The living space is clean, open, and airy, with open-beamed soaring ceilings and natural light combining with the use of exquisite materials and intentional design. The stunning chef’s kitchen is truly a chef’s kiss. Sun-filled living and dining areas, bedrooms and office, media room and bathrooms, all framed by unsurpassed ocean, island and mountain views. Its substantial covered and uncovered outdoor living areas of an additional approximate 3,600 square feet provide for perfect enjoyment on a limited or grand scale, with a separate guest suite (the fourth bedroom, living space and cabana bath, plus outdoor kitchen) being on the same level as the heated pool and jacuzzi spa, offering magnificent views in all directions. The property is supported by 60 solar panels of owned photo voltaic (PV), 12 batteries for PV storage, in addition to being tied to the Maui Electric Grid, as well as a private water well and a Cummings diesel generator. Fully air conditioned detached structure contains 2 car garage, 2nd laundry room and storage/exercise room. This offering is for Lot C, the main house portion of the 3-lot CPR is on 3+ acres. The 3-lot CPR consists of three separate CPR units consisting of a total of 8.575 acres. All 3 units of the 8.575 acre CPR, or a combination of same, may be purchased. Call for pricing. Lot A, the ohana portion of the 3-lot CPR consist is on 2.109 acres. All three of the CPR'd lots have triple gated access and private water. Come embrace the peace, security, and tranquility only to be found in Ulupalakua. Some call it “God’s Country”, while others say it’s “Heaven on Earth”. Make it your UTOPIA! Listor is owner.
Property Information
Lot Size
8 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
400977
Location
Address
1521 Kanaio-Kalama Park Rd
City
Kula
State
HI
Zip Code
96790
County
MAUI
Listing
Provider
Maui Real Estate Advisors, LLC, original listing
Name
Maui Real Estate Advisors, LLC
Phone
(808) 875-4444
Office Name
Maui Real Estate Advisors LLC
Office Phone
(808) 875-4444
Agent Name
Anthony Cadiz

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.