Puako/Waialea Bay

The Puako – Waialea area is one of the most unique oceanfront enclaves in the State of Hawaii. Located midway between the Mauna Lani Resort and the Mauna Kea Resort, Puako Beach Drive is a 2 mile long cul de sac road with approximately 170 properties, half of which are oceanfront and the other half across the street from the ocean. There are public access right-of-ways all along the road providing beach access to everyone.

Until the mid to late 40’s, Puako was accessible only by boat or by walking trail. During WW II, the roadway was built and shortly after the war, the Territory of Hawaii began auctioning the lots to local residents for between $300 to $1,000.

Puako has great appeal for people wanting to live right on or close to the ocean in a small neighborhood enclave close to two major resorts; there are few places in Hawaii where one can live so close to the ocean. The large coral reef and tide pools that Puako is known for protect most of the oceanfront properties. Some of the best snorkeling and diving along the Kona-Kohala Coast can be found here.

Being such a small, stable market with limited availability, real estate prices in Puako have traditionally done quite well, even in down markets. Opportunities include newer single family homes, older beach style cottages and a very limited number of condominiums and vacant land parcels.

When purchasing oceanfront property in Hawaii, the buyer must be aware of special requirements, conditions and restrictions imposed by state and county governments. The principals at Mauna Kea Realty have sold, owned and developed more property in Puako than any other purported expert. We have our pulse on this unique market and know of opportunities that may not be listed in the Multiple Listing Service.

 

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