Below is an email from the President of Kuilima East stating Kuilima East closed the land purchase from the Turtle Bay Resort. Kuilima East condos are no longer leasehold, they are fee simple.
Dear Owner,
I am happy to report that we were able to record the main purchase from Turtle Bay Resorts to KEE today along [...]
Currently the Kuilima Estate Owner Association and the Turtle Bay Resort are in negotiation for the Resort to sell the land where the Kuilima condos are located to the association. In general, leasehold ownership, unlike fee simple ownership, does not include the land when purchasing real estate. For a further explanation see: Leasehold vs. fee [...]
The Kuilima Estates Owner Association has signed a letter of intent to purchase the lease to the grounds the Kuilimas Estates are located on. Below is the letter to owners from the Kuilima East Owner Association President.
Dear Kuilima East Owner:
The Kuilima Estates East Board met on Dec. 11 and approved the Letter of Intent (LOI) [...]
Great Investment Opportunities For Turtle Bay Resort Kuilima Rental Condos
Cash flow is back on the North Shore of Oahu in Hawaii at the Turtle Bay Resort Kuilima Estates condos.
Prices have recently fallen enough to where purchasing a second home or an investment property can make sense. The Kuilima Estates condos are one of a few [...]