The deadline for submission of applications for the first Ka Malanai Lottery ended today at noon. I was there just minutes before the end, but was told they did not know exactly how many applicants were entering the this Kailua condo lottery.
My guess is that there are about 100 excited prospective purchasers of this much anticipated new construction condominium development in Kailua. When I asked earlier this week, there were 60 applicants. Formerly the Ironwoods, Ka Malanai is Kailua’s first new condo development in about 20 years. Sales are to be conducted using a lottery system, to account for anticipated high demand.
The lottery will be held at 10:00 am at the Mid-Pacific Country Club in Lanikai, Kailua in the Grand Ballroom.
PLEASE NOTE, IF YOU WOULD LIKE BUYER REPRESENTATION: This is FREE to you. I would be happy to help you and am not in any way affiliated with and do not represent the developer. However, I must accompany you on the first visit to represent you as a BUYER’S AGENT. Please contact me at 808-721-8088 and I can help you get an application in, arrange a notary, and can set up an appointment for us to visit the sales office at your convenience.
In total there will be over 150 one, two, and three bedroom units in the Ka Malanai Lottery in Kailua. These spacious units will span over beautifully landscaped grounds, in 6 low-rise buildings, with parking underneath three floors of condominiums. The Prices for Ka Malanai Units in the first condo lottery range from about $477K to about $953K.
The first Ka Malanai Lottery consists of units in Buildings 1 and 2, which will be completed first. There are the Northern-most buildings in the development (closer to Kailua Town center, than Waimanalo). Interestingly, there is only one 1-bedroom unit in this lottery. Apparently, the developer is holding back 5 of the 6 1-bedroom condos in Ka Malanai Buildings 1 and 2, for later release. Several of the other units in Buildings 1 and 2 are also being held back. Click here for a complete Price List and Itemization of the Ka Malanai Lottery 1 units.
I will let you know how the Ka Malanai lottery went when it is over, later tomorrow.
For more information, such as Ka Malanai Prices, and Ka Malanai Floor Plans, please click here, or call Yvonne Jaramillo Ahearn, Principal Broker of Home Shoppe Hawaii, at 808-721-8088.
~ Aloha
By Yvonne Ahearn (B), Realtor-Broker