On the beautiful North Shore of Kauai, perched above iconic Hanalei Bay sits the planned resort, Princeville at Hanalei. This community consists of single family homes, various condominium and timeshare projects as well as the world-famous St. Regis Princeville Hotel overlooking Hanalei Bay. Princeville also boasts the amazing Makai Golf Course designed by world renowned Robert Trent Jones including a lovely Golf & Tennis Club facility. Princeville also offers miles of walking trails, a Community Center with playground and meeting rooms with an busy activity schedule, a public library and a Shopping Center with great restaurants, banks, post office, dental and doctor’s office. A 24/7 urgent care clinic will be opening in the near future. With all of these convenient amenities it becomes clear why Princeville has become a desirable destination for residents and visitors alike. Princeville is considered the only Visitor’s Destination Area on the north shore. Tourism has grown in recent years and is expected to continue on the same growth trajectory.
According to Freddie Mac, U.S. mortgage rates have continued to decline; they have fallen to 3.58 percent for a 30-year fixed mortgage. This should have a positive effect on the strength of Kauai’s real estate market performance and is reflected with the most recent increase in market activity in areas such as Princeville. Of the thirty-two single family homes currently listed in Princeville, ten of them have been put into escrow over the last month. Of the ten homes, four are located at Queen Emma’s Bluffs on private Aloali’i Drive in Princeville II where a most recent sale of a two bedroom, three bath home of 3,300 square foot recorded at $1,135,000. With the average sales price of single family homes in Princeville hovering around $1.1 Million, Aloali’i Drive fits perfectly into this sector of the market and should continue to capture market share.
For more information regarding Kauai Real Estate, contact Jonathan Druary, RS, at Coldwell Banker Bali Hai Realty. Jonathan@balihai.com cell: 808-652-5973
Kauai Real Estate Services and Vacation Accommodations
If you are considering buying a home on Kauai you can see some of the island’s best real estate deals by browsing through the Coldwell Banker Bali Hai Realty Kauai Real Estate Galleries, or use the Map-Based Kauai Home Search.
For the finest quality Kauai vacation rentals including luxury estates, condos, cottages and beach villas, see our Kauai Vacation Rental Galleries or use our new Map-Based Vacation Rental Search feature.
Also please feel free to give us a call. The Bali Hai Realty staff will be happy to help you find the perfect Kauai vacation rental or assist you in the process of buying or selling a Kauai home. We also offer the highest level of personalized Concierge Services to help you plan your Kauai vacation activities.