The most valuable properties sometimes never appear online. The sale of 77-289 Ho’okaana St is a case in point.
This property was sold off-market for $1,950,000, with Marco A. Silva representing both the Seller and the Buyer. The transaction came together through Marco’s longstanding relationships and network across the Kailua-Kona real estate community. Rather than relying on traditional listing exposure, the deal was facilitated through direct connections — Marco identifying a Buyer whose needs aligned precisely with the property.
The Property: 77-289 Ho’okaana St
Located in the Alii Heights subdivision in North Kona, this single-family residence offers a combination of privacy, convenience, and comfortable island living. Built in 2007, the home includes 2,251 square feet of living space on approximately 0.37 acres of land.
Property highlights include:
- 3 bedrooms, 2 full bathrooms
- 2,251 square feet of interior living space
- Landscaped 16,394 square foot lot
- Central air conditioning with zoned climate control
- Solar water heater and underground utilities
Interior features include high ceilings and open living areas, creating a bright and spacious environment that reflects the relaxed lifestyle associated with Big Island real estate.
Why Off-Market Sales Matter in Kona Real Estate
In competitive real estate markets like Kailua-Kona, off-market transactions can play an important role. Off-market sales occur when a property is sold without being publicly listed or marketed through traditional listing channels. These transactions often happen because a Buyer is actively seeking a property in a specific neighborhood, a Seller prefers privacy or minimal public exposure, or a real estate professional connects both parties through their network.
In the case of 77-289 Ho’okaana St, the deal came together because Marco understood both sides of the market and was able to identify a Buyer whose needs aligned with the property.
Representation on Both Sides of the Transaction
In this sale, Marco represented both the Seller and the Buyer, facilitating a smooth and efficient transaction. Dual representation can provide clear communication between all parties, efficient negotiation and transaction management, and faster closing timelines. Marco’s familiarity with the property, the neighborhood, and both clients allowed the transaction to move forward with clarity and transparency.
The Alii Heights Neighborhood
The home is located in the Alii Heights subdivision, a desirable residential community within the Kailua-Kona real estate market. Alii Heights is known for convenient access to Kailua-Kona town, quiet residential streets, well-maintained homes, and proximity to beaches and coastal recreation.
Key Takeaways From This Transaction
The off-market sale of 77-289 Ho’okaana St highlights several important dynamics within the Kailua-Kona real estate market. Strong local relationships can uncover opportunities that may never appear in traditional listings. Understanding both Buyer and Seller priorities allows for strategic positioning between clients and properties. And off-market transactions can provide a smoother and more private experience for everyone involved.
Frequently Asked Questions About Off-Market Real Estate in Kona
What is an off-market real estate sale?
An off-market sale occurs when a property is sold privately without being publicly listed on the MLS or widely marketed.
Are off-market properties common in Kailua-Kona?
Yes. In many cases, properties change hands through professional networks before reaching the public market.
Can Buyers access off-market properties?
Working with a well-connected local real estate professional can help Buyers discover opportunities that are not publicly listed.
A Network That Creates Opportunities
The sale of 77-289 Ho’okaana St reflects the importance of relationships within the Kailua-Kona real estate market. Through his deep connections and long-standing presence on the island, Marco was able to bring together both sides of the transaction and facilitate a successful off-market sale.
To learn more about buying or selling property in Kailua-Kona or across the Big Island, contact Marco.
Marco A. Silva RB 20599 | 808-557-8921
Marco@KonaLuxuryRealEstate.com
@coldwellbankerislandproperties RB 16822