Demand For Hualalai Resort Homes Rising

July 24, 2014, 11:50 AM HST
* Updated July 24, 11:54 AM
Listen to this Article
1 minute
Loading Audio...

A developer has purchased 6.6 acres at Hualalai Resort where he plans to build ultra-luxury homes with prices starting at $5 million.

Developer Ron Johnson, who already owns five parcels at the Resort, purchased the 6.6-acre parcel for $9 million and will need to invest up to $5 million in improvements, said Pat Fitzgerald, CEO of Hualalai Resort, in a Pacific Business News report.

Johnson plans to build 21 homes between 3,500 square feet and 6,000 square feet and priced from $5 million to $9 million, said PBN. Sales are expected to begin in late 2014 with Hualalai Realty as the listing agent.

Total residential sales at Hualalai Resort so far have topped $101 million in 2014, fueled by rising demand for luxury resort homes, the travel Web site reported. The average home price was $9.7 million, a $2 million increase over the average price of $7.7 million in 2013.

There are currently 325 homes at Hualalai Resort.

Subscribe to our Newsletter

Stay in-the-know with daily or weekly
headlines delivered straight to your inbox.
Mahalo for Subscribing


This comments section is a public community forum for the purpose of free expression. Although Big Island Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments