Wednesday, August 22, 2012

Honolulu, Hawaii Real Estate MLS Hotsheet 8/21-8/22/12 8a & new development potential?

Wednesday's hotsheet.

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Manoa lot blog 8/21/12
Yesterday, I posted about a friend's vacant lot in Manoa that may be available for purchase. I drove by this morning to take a closer look at it. If you drive up and down Manoa Road, you have probably noticed an area in the middle of the valley that had some large trees trimmed recently. That looks like the area that the lot is near. I have not seen the survey of the lot so I don't know what part of that hill is part of the lot. It does look like the elevation of the lot could give it a nice view out of Manoa Valley, possibly a nice Honolulu City skyline view or maybe even some ocean? To the left is a photo that I took of the driveway leading up the the area where the existing structure is.

Do you know someone that may want to build a new home in Manoa? This could be a nice spot for it.

Honolulu Magazine Blog
"Book em Danno..."
While reading the news today, I stumbled upon Honolulu Magazine Real Estate Blog's post by Melissa Chang. It looks like an interested potential buyer of the property that the current Hawaii 5-0 film crew uses as a filming studio, Marshall Hung, may plan to re-purpose the iconic building/area into condominium units. The blog says that Hung would be planning to build condos on the South Street side of the lot while preserving the iconic building. I wonder if the condominium units in mind will be affordable residential developments like some of Hung's past projects and I wonder if any of the iconic building would become residential? Would it be cool to live in this iconic building? Even if it remains commercial or a mixed use type of building, I think it would be an interesting place to have your business also. I am looking forward to learning more about this potential development!

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Summaries of Residential Resale Statistics and Local Market Update Reports:

The Honolulu Board of Realtors Sunday Open House Guide: (Updates every Friday by 3pm).

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

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Rick Nakama, REALTOR® RB-20356
Honolulu Real Estate

Rick Nakama Realty LLC
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