Papakea Resort is an oceanfront community in Honokowai, its residences as close as 30 yards from the Pacific.
This project was built in two phases, the initial two hundred & sixteen residences in the first one and then one hundred & forty-eight more were added in the second. The eleven buildings are laid out in two side-by-side V-shapes, with the open middle areas facing the coastline.
The studio to two bedroom condos have interiors ranging from 435 to 1,240 Sq Ft with one lanai exterior. Some of the two bedrooms have a loft of either 262 or 365 Sq Ft, which can be used as a third bedroom. Overall, there are thirty-six studios, two hundred & twenty-four one bedrooms and one hundred & four of the two bedroom floor plans.
Although the property converted to Fee Simple, a few units are still Leasehold, the lease expiring in 2041. Each unit has one assigned, uncovered parking space to use. Ceiling fans are throughout the living areas and bedrooms, with owners adding split a/c systems in some residences. Washer/Dryer is inside every condo. There is one elevator in each building for residents on the upper floors.
Aston Resorts handles the daily operations of the resort, including the front desk, and runs the hotel program that you can opt into as an owner.
Most condos have peekaboo to completely unobstructed ocean views from them, Buildings A, F & L having the best outlooks.
Amenities & Things To Do Residents have the resort lifestyle here with many recreational amenities, such as:
Two Oceanfront Swimming Pools
Two Hot Tubs
Three Lighted Tennis Courts
Two Putting Greens
Koi Ponds
There is also access down to the ocean where you’ll find sandy beach and warm ocean. Though rocky in places, it’s no problem to head one direction or another just a little ways to find a softer coastline.
If you want to get out of your home surroundings, Honokowai Beach Park is merely a ½ mile to the north. Protected by a reef, this beach is known for its extremely calm waters that make it a great place to bring the kids. That also creates the perfect conditions for a little swimming and it even has some snorkeling spots where you can watch tropical fish and other ocean life go by. On the shore is a large open grassy space that holds two playgrounds, BBQs, picnic tables and large, shady trees so the entire family can enjoy the day.
Papakea Resort is a condo with a mix of fee simple and leasehold units. Consequently, a performance graph specific to Papakea Resort may be less indicative of market trends. Therefore, the graph above depicts the fee simple performance of Napili & Kahana condos, offering a more meaningful representation of the surrounding market.
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
