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    Holua Kai FAQs

Frequently Asked Questions

  • What does Hōlua Kai mean?

    The name Hōlua Kai was chosen for two reasons. First, to pay homage to the ancient and historic Keauhou Hōlua slide
    which connects the mauka or mountain areas to the sea at nearby Keauhou Bay. Secondly, in the Hawaiian language, “kai”
    literally means “the sea”, or to the sea, to the shoreline. Given Hōlua Kai’s shoreline location and close proximity to
    Keauhou Bay, the name is a fitting marriage of these two defining features.

  • Where is Hōlua Kai located?

    Hōlua Kai is situated in Keauhou Resort, one of Kona’s luxury destinations on the Big Island of Hawaii.

  • What does the development consist of?

    Hōlua Kai is a private, gated community consisting of 41 single family residences.

  • What sizes are the homes?

    Living space ranges from 1851 – 2685 sq ft with additional covered lanais adding between 208 – 695 sq ft per home.

  • What amenities are offered at Hōlua Kai?

    A resort within a resort, Hōlua Kai features a private recreation center complete with a family pool, spa, and gathering
    pavilion. Residents will also have access to the Sunset Hale which is an Oceanfront lookout.

  • Who is the developer?

    Brookfield Hōlua Kai LLC is the developer of the Hōlua Kai at Keauhou community.

  • Who is the contractor?

    Brookfield Residential Hawai’i, known for its experience, innovation and deep commitment to the communities in which it
    builds. Brookfield Residential Properties is active in nine vibrant new home markets in Canada and the United States,
    including Calgary, Edmonton, Toronto, Los Angeles, San Diego, San Francisco, and Washington D.C. Based on O‘ahu,
    Brookfield Residential Hawai‘i is managed by an experienced team that has a deep love for the islands and for the business,
    homes, and neighborhoods to create the best places to call home.

  • Does Brookfield Residential Hawai‘i have other properties in Hawaii?

    Yes, Brookfield Residential Hawai‘i’s first neighborhood, The Coconut Plantation at Ko‘Olina on O‘ahu, was completed in
    December 2004. Two other newly built Brookfield Residential Hawai’i communities are located on the Big Island, Ka Milo
    at Mauna Lani, and on Kaua’i, Pili Mai at Poipu.

  • Is this a fee simple ownership?

    This is a fee-simple ownership. The residential units in the project may be used for long-term residential use, a second
    home and rental purposes.

  • May I rent my home? Are there any restrictions?

    Owners may rent or lease their home on their own or through an authorized rental agent of their choice.

    • Owners may rent or lease their home on their own or through an authorized rental agent of their choice.
    • Short-Term rentals are allowed as long as the Hōlua Kai Community Rules are followed.
    • Since the project is located in the Resort Area Zoned as RM4 it is subject to the rules and regulations within this
      designation.
    • Upon request we can provide you with a list of Rental Management Companies.

  • What are the fees associated with owning at Hōlua Kai ?

    Owners will be responsible for monthly maintenance fees (Home Owner Association dues), annual property taxes, water,
    sewer, refuse, electricity, and cable for their home. Additional insurance will be required for Interior Contents and Liability
    coverage.

  • What does my monthly maintenance (Home Owner Association) fee cover?

    It pays for costs associated with the management, maintenance, and operations of the common areas, and for longterm
    reserves of the Association. Including, but not limited to:

    • Common area electricity & water
    • Common Area Insurance: (Note: Owners are individually responsible for personal content insurance)
    • Exterior Pest control
    • Pool and Recreation Center maintenance (see note below on Recreation Center)
    • Budget and owner management and administrative services
    • Building Reserves to include major repairs and replacement
    • Maintenance of the common area landscaping and the Hōlua Kai Recreation Center.

    Not included with monthly maintenance (HOA) fees are electricity and insurance for the content and liability of your home’s interior.

  • What utilities does the owner pay?

    Homeowner pays phone, cable, Internet, sewer, water and electricity for their home.

  • How is the Recreation Center managed?

    The Recreation Center is a shared amenity with all the owners in Hōlua Kai.

  • How are my property taxes calculated?

    Property taxes are calculated at a tax rate per $1,000 of the current assessed value (which is determined by the county) of
    your home. Please note these rates may change and are determined by the County of Hawaii. Full-time owner occupants
    may apply with the county for exemptions and receive the Homeowner rate. Inquire with the County of Hawaii regarding
    current tax rates and exemptions at www.hawaiipropertytax.com/tax_rates.html.

  • How is guest parking designated?

    Each home includes a two car covered garage. In many cases and where physically possible, there is parking on the
    driveways of each home.

  • What documentation is required to satisfy a purchase?

    Reservation and Sales contract documents needs to be signed by Purchaser and Seller.

  • What is the earnest money deposit to purchase?

    A $5,000 deposit is due at Reservation and the remaining 15% of purchase price is due within 5 days from Seller’s
    acceptance of purchase contract.

  • How do I take title/vesting?

    You may select a vesting at signing of the sales contract or it can be determined at a later time in Escrow. Vesting options:
    Severalty, Joint Tenants, Tenants in Common or Tenants by the Entirety. The manner of vesting is at the discretion of the
    purchaser.

  • When will I take possession of my home (i.e. close escrow)?

    Once construction of your home is complete and the developer receives a building final notice from the County of Hawaii
    and your home has recorded at the Bureau of Conveyance – State of Hawaii.

  • Can I cancel without penalty?

    A purchase contract is fully binding when Purchaser and Seller both sign. If you decide to cancel after a contract is fully
    binding, there may be cancellation penalties imposed.

  • Is there a warranty with the home?

    Yes, there is a 1 Year Builder’s Limited Warranty that comes with the home from the date of Closing.

  • Are pets allowed at Hōlua Kai ?

    Yes, currently there is a limit on number of pets allowed. Please ask your Sales Associate for details.