Ko olina: An Island Retreat
What’s on your calendar for today? Wake up to the sunrise and a round of golf. Set sail for a deep sea fishing trip. Sip cocktails on your lanai as you watch the sun set over gentle waves.
If you live in Ko Olina, your day could hold all these things and more.
While Ko Olina may be best known for its string of palm tree-ringed ocean lagoons with wide, white-sand beaches, this community on the sunny west side of the island is rich with options for recreation and relaxation.
Here you can find sailing, snorkeling, whale watching, swimming with dolphins and golf within blocks of your home and without the hassle of Waikiki.
Ko Olina boasts both a marina designed to meet the needs of world-class mega yachts and The Ko Olina Golf Club, an 18-hole championship golf course credited as being one of Ted Robinson’s finest designs.
“Ko Olina is the rare place on Oahu that offers a resort atmosphere and lifestyle that has been previously only found on the neighbor islands,” says Sean Yano, an Associate Partner at Prudential Locations and a Fine Homes Specialist.
“The moment you drive in, you feel as if you’re in a different place. Ko Olina is a special get-away for people, even if you live on this island. It is peaceful and beautiful.”
Recently, new developments in Ko Olina have been raising its profile and bringing more interest and activity to the area. Last year, Disney’s Aulani resort opened to great publicity and fanfare. Last month, Chef Peter Merriman opened his newest restaurant, Monkeypod Kitchen, in Ko Olina Station. It has been drawing a packed house ever since, just like the original Monkeypod Kitchen in Wailea on Maui.
Yano sees increased interest in Ko Olina’s real estate market, too. “A few years back, there were some very good deals in Ko Olina, but in the last six to eight months, there’s been more of a demand from buyers,” he explains.
Currently, there are 16 active listings for condominiums and three active listings for single family homes in Ko Olina. The months of remaining inventory for condos is a low 3.7 months, which is just slightly higher than Oahu’s median of 3.1 months for condos. Since only two single family homes sold there in 2012, the three current listings represent 18 months of remaining inventory.
In the past six months, there have been 52 condominium MLS resales with a median sales price of $480,000 (Oahu’s overall condo median sales price was $317,000.) The days on market were a low 24 compared to Oahu’s 31.
“People are still price conscious, but the environment is changing,” observes Yano.
“Properties in the $500,000-$600,000 range still have more activity than those above that. Most people are looking for places under $1 million, but now there are eyes on the higher-priced properties. I recently had multiple offers in the first week for a listing in the Ko Olina Beach Villas.”
The Beach Villas are the newest oceanfront condos on the island and, as Yano puts it, “They are just something you have to see.”
“They have the highest level of oceanfront luxury – beautiful lanais for the ocean sunsets, kitchens designed by Roy Yamaguchi, gorgeous interiors. At the Beach Villas, you can enjoy the manicured lifestyle of resort living every day.”
In addition to oceanfront properties, Ko Olina has gated communities that surround the golf course with townhomes and single family homes, most offering two or three bedrooms. These communities have many amenities for the resort lifestyle – pools, spas, cabanas, barbecue grills.
“The prices are very reasonable for what you get,” explains Yano. “You can find a two-bedroom property for high $300,000s to low $400,000s.”
“Perhaps one of the nicest aspects of Ko Olina is that everything is right here for you, among tree-lined sidewalks and a beautiful golf course,” concludes Yano. “And if you do need something that Ko Olina doesn’t offer? Kapolei, ‘the second city,’ is in your back yard just minutes down the freeway.”
For more information on Ko Olina condos and homes, call Prudential Locations at 377-4646.