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The developer of the Hapuna Beach Residences has opened some of the luxury condominium units to guests as vacation rentals at the Mauna Kea Resort property on Hawaii Island.
The beachfront units, which range from studios to four-bedroom units, are managed by Prince Resorts Hawaii’s Mauna Kea Residences in partnership with East West Hospitality of Colorado, with rates ranging from $700 per night to $4,000 per night.
“East West Hospitality is thrilled to be able to add these thoughtfully designed residences to our growing inventory of luxury vacation rentals,” East West Hospitality CEO & President Colleen Weiss-Hanen, said in a statement. “The Hapuna Beach Residences offer a truly private & exclusive vacation experience in this coveted destination.”
Sales of the Hapuna Beach Residences — 68 luxury condo units in a former tower of what is now the Westin Hapuna Beach Resort — began in 2018. Sales of 24 of the units have closed in 2020 and 2021 for prices ranging from $1.5 million to $7.99 million, according to public records.
The developer, La Jolla, California-based West Point Investment Corp., is using the remaining units for the vacation rental pool.
West Point Investment Corp., and financial partner Angelo, Gordon & Co. of New York bought the hotel’s beachfront tower and 8,000-square-foot Hapuna Beach Villa, which the hotel had marketed as its presidential suite, in 2016 for $65 million.
The project was designed by deReus Architects and Philpotts Interiors and built by Metzler Contracting Co. LLC .
The four-bedroom Hapuna Beach Villa was listed for sale at $18.99 million and sold for $16.5 million in December 2019, according to public records. The buyer was an entity owners by Hideki Tomita, founder and CEO of Tokyo-based Dip Corp., which operates a job information and recruiting website in Japan. By Janis L. Magin – Senior Editor, Pacific Business News Feb 19, 2021 Updated Feb 22, 2021, 9:01am HST
Visit all Hapuna Beach Residences currently available for sale by clicking this link.
Renee H. Kraft Luxury Top performing Hawaii State Broker born and raised on the island of Oahu named one of Hawaii State’s very best Realtors. She brings exceptional service to her clientele. Licensed professional Realtor in Hawaii Real Estate since 1992. She has the experience and tenacity to market effectively, negotiate, and focus with attention to detail every step of the way. Educated 7th – 12th grades at the La Pietra Hawaii School for Girls and the University of Hawaii Manoa campus with a B.A. in Psychology. She strives to continually keep up on the Hawaii economic forecasts and daily market activity. Technology driven Renee understands the importance of keeping her clientele in the loop on current market availablility and knowing the market inventory is 100% key to get her clients what they want. Extraordinary exceptional homes, estates, condominiums, and vacant land are her specialty. Integrity and honesty are just a fraction of what Renee shares with her clients and a very strong work ethic. Putting the client’s needs first utilizing the range of experience and knowledge, combined with a a huge amount of Aloha gives her great satisfaction that she can help her clients make sound and profitable real estate investments. Member Rotary Club of Kona -Accredited Buyers Representative (ABR) -Sellers Representation Specialist (SRS) -Graduate Realtors Instutute (GRI) -Resort and Second Home Property Specialist RSPS).
