Kauai Vacation Ownership

Fractional Development - A Positive Alternative

susannakunkel — Sat, 05 Jul 2008 08:42:22 +0000

Growing Wealth Magazine just published an interesting article highlighting the benefits for owners in developing their resort homes as a fractional offering. Lower fractional price points, ownership flexibility and variety make a very attractive offering in today’s market. Read the entire article…. “Turning Profit in Luxury Fractional Real Estate.” For more information, and a referral to a fractional development consultant, please email me at Info@ResortSecondHomes.com .

Susanna Kunkel, RA, ePRO
Serving the Island of Kauai
Prudential All Star Realty
Cell (808) 652-2879
Email: Info@ResortSecondHomes.com
Website: www.ResortSecondHomes.com

Fractional Ownership Beats the Credit Crunch

susannakunkel — Sat, 05 Jul 2008 08:32:18 +0000

A recent article in ReachTogether - Fractional Ownership News, highlights the strength of this market that is still fairly new to Kauai, but growing. Offering a unique advantage to both buyers and sellers, the Kauai fractional offerings are a natural way to meet the needs of a growing demographic. As baby boomers retire, and find more time to travel and relax, owning a second home without the headaches and expense of year-long maintenance and management is a perfect solution. Read more….

For more information about the Kauai Fractional Resort market, visit www.ResortSecondHomes.com.

Second Luxury Villa offering in Princeville

susannakunkel — Tue, 10 Jun 2008 18:26:54 +0000

Great news! Second Kauai luxury villa coming soon. All ownership intervals are available.

Call or email me at Info@Susanna4Kauai.com now for pre-completion pricing and to arrange your Discovery Visit.

Located close to the pool, this unit has gorgeous mountain views, wonderful tradewinds, and gorgeous interior! Click here for an online property flyer.

Susanna Kunkel, RA, ePRO
Serving the Island of Kauai
Prudential All Star Realty
4-971 Kuhio Hwy, Kapaa, HI 96746
Cell (808) 652-2879
Email: Info@Susanna4Kauai.com
Blog: www.Susie4Kauai.com
Website: www.Susanna4Kauai.com

Off Resort Kauai Vacation Rentals Up

susannakunkel — Tue, 10 Jun 2008 18:10:26 +0000

In a recent article in The Honolulu Advertiser’s Kauai People weekly, statistics were quoted showing considerable growth in the number of visitors that are staying in “off-resort” properties. Ironic, isn’t it… that the County is cracking down on vacation rentals, while the visitor demand is growing? Our local economy has struggled since transforming from an agricultural island to a vistor destination.

If the County really wanted to address density, then perhaps they shouldn’t so easily approve the many large timeshare developments. Maybe I’m a little slow - but the logic escapes me.

Kauai Vacation Home for $165,000??

susannakunkel — Mon, 24 Mar 2008 21:41:26 +0000

Yes, Virginia…it’s true! You can afford a vacation home on Kauai Check out this beautiful 2 bedroom townhome shared ownerhip in the heart of Princeville. Listing details….

Princeville Luxury Townhome for $245,000!

susannakunkel — Thu, 20 Mar 2008 18:00:54 +0000

There are only 3 Shared Ownership opportunities left! Imagine relaxing by the pool at your vacation home in Princeville! One of the best values on Kauai! For more information, www.VillasofKamalii42.com. To learn more about fractional offerings on Kauai, go to www.ResortSecondHomes.com.

Kauai Vacation Rental Bill Passed

susannakunkel — Fri, 14 Mar 2008 18:47:37 +0000

After several years of public hearings, controversies and threats of law suits, the County Commission passed Ordinance 864, a Vacation Rental Ordinance implementing new restrictions on vacation rentals in residential areas. For a complete copy of the signed ordinance, email me at Info@SusannaKunkel.com.

If you own a Kauai vacation rental property, check out www.ResortSecondHomes.com where you can find in-depth information about an exciting alternative to keep your 2nd home for your own use, and sell off portions, or “fractions”, to other owners. This could be a great solution to realize equity gain while securing your right to enjoy your home on Kauai. Fractional Ownership is a growing trend on Kauai, and if done right, may offer you the best of both worlds

Kauai Country Estate Fractional Home

susannakunkel — Thu, 25 Oct 2007 19:35:42 +0000

The current Kauai fractional market offerings are primarily townhomes, condos and some single family homes in resort areas. I have a few buyers who prefer a Country Estate for their fractional ownership. We are currently identifying several North Shore properties that have great potential for this market. They include at least 1-3 acres, 3-4 bedrooms, high-quality luxury living and privacy. We have narrowed it down to areas close to Princeville, to allow owners to utilize all the amenities and conveniences of the resort community, but have the privacy of several acres in a pastoral setting.

These photos are from properties we are currently reviewing. If you are interested in an estate fractional vacation home, please email me and I’ll keep you on our mailing list with “inside scoops” on new offerings, upcoming developments and information on how to make your dream of an estate vacation home on Kauai come true! Please include your ideas on what an ideal fractional vacation home would be.

Email: fractional@SusannaKunkel.com
www.ResortSecondHomes.com

Kauai Vacation Rental Controversy

susannakunkel — Sun, 19 Aug 2007 22:08:37 +0000

For the past 2+ years, there’s been an ongoing controversy on Kauai about privately owned vacation rentals in residential areas. A citizen’s group in Haena spearheaded a call to action by the County to start regulating the use of private residences as Vacation Rentals or B&B’s. There have been countless meetings (I’ve sat through several..), a $70,000 study done, various proposed ordinances, etc.

The action by the County is being promoted as being in support of creating more long term affordable rentals. That’s a good goal, but stopping vacation rentals is not going to create affordable housing. The County is applying zoning that was set up in the early 80’s to regulate what was then a booming timeshare business. The CZO (County Zoning Ordinance) designated specific locations as Visitor Destination Areas (VDA). Princeville is considered VDA, most of Poipu, parts of Wailua, but none of Hanalei or Haena. It’s so crazy that there are areas in Poipu where one side of the road is VDA, and the other isn’t… An article in today’s Garden Island gives an update on legal action taken against 14 owners in Haena who have homes on Conservation District land. They have been the first owners to have legal action taken against them.

Homes along the beautiful Hanalei Bay (pictured below) will never be low-income rentals…

I sold a home last year that was an active B&B and the owners did everything they could to be compliant with the laws. The County was saying at that time, that the only way for a B&B to be “legal” is to obtain a Special Use Permit. However, they are not issuing any Special Use Permits due to the pending ordinance. So, what do you do? Pay the taxes and do the best you can to comply

What’s the future hold? The growing market for Vacation Fractional Ownership is the perfect solution for vacation rental homeowners who are being targeted by this ordinance. Many owners use their property as a 2nd home, coming to Kauai for part of the year and offsetting the ownership expenses with vacation rental income. For those owners, developing the home as a fractional offering is the perfect solution. You can keep 2-4 months for your own use, and sell the rest! That’s a positive way of liquidating equity, retaining the use and enjoyment of your home and avoiding any issues with vacation rentals.

For more information on current Fractional offerings as well as developer resources, check out my website at www.ResortSecondHomes.com.

New website!

susannakunkel — Sun, 15 Jul 2007 01:13:05 +0000

Aloha, I’ve developed a new website - www.ResortSecondHomes.com - to bring together an easy way for you to:

View the current Fractional offerings on Kauai
Learn more about the Resort Second Home fractional market
Connect with lenders and attorneys specializing in this exciting market
Learn more about how to develop your home as a fractional offering
Links to Worldwide fractional offerings

Among other things, I’ll share with you my favorite listings, tips on what to watch out for and information on neighborhoods and markets best suited for fractionals.

One of the best current fractional offerings on Kauai is located in the gated townhome community of Villas of Kamalii in the resort area of Princeville. With high end finishings, deluxe furnishings, attached garage, mountain views and a well though-out management plan…this one stands apart! Also, attractively priced from $230-$245K.

For complete Kauai fractional condo & townhome listings click here. This is an exciting market - please contact me for more info and updates. A hui hou.