Maliu Ridge (Hawi) Real Estate Market Update
By Beth Thoma Robinson, R(B) SFR - Hawaii Island Luxury Resort Real Estate
(Hawaii Life Real Estate Brokers Big Island)
It's time for an update on the real estate market in Maliu Ridge, the desirable subdivision of homes on small acreages near Hawi in North Kohala. Almost two months have passed since the lastest Maliu Ridge luxury foreclosure (REO) was listed for sale. I thought the foreclosure was a best buy at the listing price of just under $800,000, considering that it sold in 2008 for $1,275,000. However, neither it...nor any other home for sale in Maliu Ridge...has had an acceptable offer since then. So the bank just keeps inching down the price. It doesn't help that their listing photos were taken on a dreary day and do nothing to show the charm of the landscaping. Here's a better photo from the previous listing: The charm of this Maliu Ridge home is in its landscaping and potential for exte...