Ainamalu offers mid-priced detached homes, allowing families to enjoy their own backyard on 10,000 to 15,000 sq ft lots. With homes starting at $1.1 million for mountain views, and $1.8 million to $2.1 million for golf course frontage or ocean views, Ainamalu caters not only to second home buyers, but also to local families who want to enjoy their own private backyard in a resort location. Comparative product at this price point is condominiums with shared amenities.
During the first two years of construction, the developer could not build the homes fast enough to keep up with the sales. Phase 1 (40 homes) sold out in under 7 months and Phase 2 (20 homes) has a wait list of buyers even though just the pads are in place.
Ainamalu will be the first housing development anywhere to feature Tesla’s Solarglass Roof. Planned for Phases 2 - 9, Tesla power will significantly reduce the cost of electricity, currently the highest in the U.S. at 40 cents per KWH. This means the average fully air-conditioned Ainamalu home will cost an estimate of just $36 per month for electricity.
Ainamalu is located in the 1,350-acre master planned Waikoloa Beach Resort, an internationally acclaimed resort destination, hosting tens of thousands of visitors each year who come to enjoy the many accommodations choices, rich cultural activities, authentic music and dance performances, family activities, diverse and delicious cuisine, abundance of shopping options, world class surfing, two memorable golf course, and prime real estate opportunities.
Twenty-four of the homes in Phase 3 will face the Waikoloa Kings Golf Course, designed by renowned course architect Jay Morrish and former PGA legend Tom Weiskopf. The course has a Scottish links-style layout with multiple tee placements, several lakes, lava outcroppings and sand traps to add complexity and drama to the golfing experience. The par 72 course encompasses 7,074 yards with a slope of 133 and had a rating of 75.2.
With a third party independent appraisal value of $78,000 and an unlevered IRR of 22.57%, this is an opportunity you can't pass up!
