Hualalai Canoe Club |

The Hualālai Canoe Club

News from the Hualālai Resort located on the Kona-Kohala Coast of Hawai‘i Island: The posh oceanfront hotel and private home community resort anchored by a five diamond Four Seasons on The Big Island just completed a multimillion dollar renovation of a key amenity, the Hualālai Canoe Club. Co-owned by Michael Dell, Hualālai Resort has attracted a who’s who of homeowners, including such business titans as Citadel founder Ken Griffin, Columbia Sportswear CEO Tim Boyle, Charles Schwab, Howard Schultz, and Bob Parsons, and continues to experience strong sales.

Real estate ownership options among more than 300 homes include single-family homes, home sites, and villas, ranging from $2 million to $30 million. Hualālai Club Membership is available exclusively to property owners and offers access to two 18-hole championship golf courses designed by golf legends Jack Nicklaus and Tom Weiskopf, each with its own clubhouse; the award-winning Hualālai Sports Club and Hualālai Spa; the Hualālai Canoe Club; the Hualālai Tennis Club; and a residents’ beach house. Membership also provides access to all amenities at Four Seasons Hualālai Resort. In an oceanfront setting of pristine white sand beaches and black lava landscapes, the hotel offers 243 guest rooms and suites housed in intimate two-story bungalows.

Here’s a look at what’s new and a home in this luxe resort community:


Coastline and mountain views from the pool

On a drive up to Turtle Bay for a disappointing lunch at Roy’s Beach Shack, I drove right past 55-249A Kamehameha Highway in Laie on the Hawaiian island of Oahu.  I drove past, because from the road, the home is nearly invisible, tucked into its own oceanfront pocket tropical forest on about two-thirds of an acre.

The home just popped on the market with Erik Hinshaw of Hawai’i Life Real Estate. Readers will recall it was Hinshaw who showed me around the $71 million in penthouse “porn” you read about earlier in January.  During that visit we got to talking about this property.  But enough dish, here are the specs: it’s a 2004-built home with three bedrooms and three bathrooms totaling 2,464 square feet of living space and is being offered for $2.4 million.


Honolulu’s Gold Coast at the foot of Diamond Head crater

Last month I wrote an Oahu market update detailing the prior year’s slight price appreciation.  I also pointed out that it takes hard work to lose money in Hawaii if you have time. In other words, don’t buy high and sell low as the Dallas Police and Fire pension funds did.  But all those number-y things get confusing, so here’s a concrete example of how two units in the same building have performed over time (spoiler: GREAT).


Rippling side of Waiea facing the Pacific Ocean

For the second year in a row, the minute I leave town, Candy decides to throw parties in Dallas’ most expensive and storied digs.  Last month it was Deion Sanders’ Collin County mega-mansion and Walnut Place’s walk down the auction catwalk and into Mehrdad Moayedi’s hands for $36 mil.  Well I’ve had enough. This year, I fought back!  First was Sammy Hagar’s Maui retreat, then Fleetwood Mac alum John McVie’s Diamond Head estate, and now …

Welcome to Waiea where two penthouses kiss the Pacific Ocean for a combined $71 million.  It was here that we met Erik Hinshaw of Hawai’i Life Realtors to view these two staggering properties (the same Hawai’ian Life featured on HGTV).  We?  Yes, coincidentally, Dallas high-rise Queen Sharon Quist with Dave Perry-Miller Real Estate was in town poking around with a client and joined me on the tour.



There’s an old investment adage: Buy when people are selling and sell when people are buying.

On July 14, 2017, there was a fire at the Marco Polo high-rise in Honolulu that damaged some 200 units and will cost approximately $100 million to repair.  It wasn’t the first. There was also a fire just four years prior in 2013 causing $1.1 million in damage.  There are no sprinklers in the 1971 building.  After the first fire, the HOA got an estimate to retrofit the building with sprinklers. The average cost was $8,000 per unit or roughly $4.5 million.  After this fire, I think it’s highly unlikely a sprinkler retrofit wouldn’t happen. I suspect insurance companies would demand it.

Doesn’t exactly smell like a dream Hawaiian getaway, does it?  What it should smell like is opportunity.


It’s that time of year again, time for the annual Hawaii roundup.  For those planning for a permanent or part-time Hawaiian getaway, the past year hasn’t been too bad in the 50th state.  Before you read further, pack up your tablet and head to Agu Ramen in Mockingbird Station for the full Hawaiian effect.  Just opened the day before Thanksgiving, Agu’s based in Hawaii and was slathered in foodie awards before branching out to Houston and now Dallas (I have no idea why Texas was their first stop).  Having checked it out before heading back to Hawaii, I can say the Dallas branch is as good as the original.

Anyway, it’s been an interesting year in Oahu real estate.  The big news is in the condo market (the landing place for many second home owners). Several new high-rises have come online and their listings have flooded the market with high-priced units.  As of this writing, there are 28 condos listed above $5 million. All but three of them are in new buildings.  Like Dallas, all the new high-rises are high-priced. But when any ocean front/view condo hits above $1,000 per square foot, some of the new crop are hitting $3,000 per foot.


Wailea Point I II IIl Unit 801|

Wahoo, Hawaii! No, “wahoo” is not a place on the Islands or a Hawaiian word (that I know of) – it’s a whoop of approval, because Southwest Airlines has announced they intend to open air service to The Aloha State soon. No word yet as to which airport they will favor, but Kahului Airport in Maui is sure to be a contender, so it’s a good time to check in on vacation housing there. There’s no better place to start than Wailea, a 1500-acre resort on Maui’s southwestern coastline that’s one of the world’s leading luxury destinations. Fancy a view like this?


4141 Kilauea Rd Kauai in Kilauea, HI is currently listed for $2.350 million by Ben Welborn of Hawaii Life Real Estate Brokers. Photo Credit:

Does the Garden Isle have you dreaming of retirement? Whether you’re in the market for a family getaway, vacation home, or an impressive place to hold up after decades of the nine-to-five grind, Kauai’s North Shore is one of the most picturesque places you can find.