Forty new Hawaii condominiums are being auctioned-off to the highest bidder featuring cozy lanais built to capture the cool cross wind breezes of Hawaii. The Kona Island condos are being auctioned with bids starting as low as $99,000, which would be a major steal for a vacation home in the Aloha State.
The two-bedroom, two-bathroom units were originally built in 2007 before the developer fell on hard times in the real estate collapse. The condos feature travertine flooring throughout the units and granite countertops with views of the Pacific Ocean. Auction.com will auction-off the units October 1st.
The condos are located in a modest development situated close to the Kailua-Kona Airport, the big-game fishing harbor, and a myriad of stunning Hawaiian beaches. The location is just a short drive from all the restaurants and entertainment offered in downtown Kona.
“Anyone thinking of buying or investing in a dream property is encouraged to come out. We have staff on site to guide people through the live-auction process,” said Auction.com CEO Jeff Frieden. “Savvy investors are coming out and accumulating rental properties in the market downturn.”
The condos were built and insulated individually, including the ceiling to save on high energy bills in Hawaii . An 80-gallon, solar hot water heater also ensures lower utility costs. For those unable to fly to Hawaii’s beautiful Big Island for the live auction, bidders may make their offers online from the privacy of their own home via a live online webcast.