Hale Ka Lae condo owner-occupant lottery begins Friday 25, 2019. This condo is a conversion from former rental housing developed by a Korean investment company. A local developer purchased the property last year and had converted part of the project is individual condos. Out of the 213 units converted condominium units, 107 units are offered to owner-occupants.
The owner-occupant lottery begins on Friday, January 25, 2019 and the buyers for these units must live in the property for a year. The other 106 were already purchased by investors or were purchased by the tenants that were already renting the unit.
Hale Ka Lae condo prices and amenities
The units being offered are two, three and four bedroom units. Prices range from $515,000 to $790,000 and amenities offered are Bar-b-que, pool, spa, fitness room, meeting room, business center, commercial laundry facility.
Packets are available until January 24, 2019, and the lottery is on January 25, 2019. Closing is in approximately 45 to 90-days. The initial deposit with the contract is 5% of the purchase price. In 30-days an additional 5% is due.
Contact me to learn more about this project. Condo units at these prices will not last long in Hawaii Kai.
other condos in Hawaii Kai
Most of the other condos in Hawaii Kai are much older than Hale Ka Lae condo. The vast majority of condos and townhomes in the 1970s. There are other newer projects. Hale Ka Lae condo is the second midrise condo offered in Hawaii Kai. The other complex offering midrise condo units is Colony at the Peninsula condo which was built in 2004.
To view other condos available in Hawaii Kai, there other options from high rises to townhomes, just view this link.