Six Luxurious Hawaiian Style Residences at Wainani at Poipu on Kauai Go to Auction

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WAININI AT POIPU home up for auction on December 28, 2010
WAININI AT POIPU home up for auction on December 28, 2010

KAUAI, HAWAII – Auction fever is coming to Kauai, Hawaii’s Garden Isle. On Tuesday, December 28, 2010, international real estate investment and services company Kennedy Wilson (NYSE: KW) will open the bidding on six luxurious Hawaiian style residences at Wainani at Poipu in exotic, sun-drenched Kauai. Nestled between the lush fairways of the Robert Trent Jones Jr.-designed Kiahuna Golf Club, Wainani at Poipu is a little slice of paradise just steps away from “America’s Best” Poipu Beach on Kauai’s scenic south shore.

Beverly Hills CA-based Kennedy Wilson is a recognized leader in the auction industry, conducting hundreds of real estate auctions across the U.S. and Canada each year. The six move-in ready homes up for auction at Wainani at Poipu offer those seeking their place in the sun a supreme Fee Ownership opportunity to enjoy airy Hawaiian living in a resort-style atmosphere. Starting bids as low as $450,000 on these exceptional homes with asking prices from $1,075,000 to $1,495,000 bring the exotic island lifestyle within reach, but with only six residences up for auction the bidding is sure to be spirited!

“Wainani at Poipu is, quite frankly, a homebuyer’s dream come true,” said Rhett Winchell, president of Kennedy Wilson Auction Group. “The combination of designer living spaces, spectacular island scenery and easy access to one of Kauai’s finest golf clubs just can’t be found anywhere else.” Indeed, Wainani at Poipu’s jewel-like setting on Kauai’s south shore offers residents a seemingly infinite number of activity choices and myriad ways to experience them. “On December 28th,” continued Winchell, “auction winners will finally realize their dreams of exotic island living while reaping huge savings in the process.”

The six Hawaiian style residences up for auction at Wainani at Poipu provide 3 bedrooms and up to 3-1/2 baths and up to 3,188 square feet of living space, including garage and lanai. Matching traditional Hawaiian plantation design with luxurious modern conveniences, these homes offer expansive living areas featuring vaulted ceilings and recessed sliding glass/screen pocket doors that invite refreshing tropical breezes. The three model homes will be sold furnished.  As well, select homes have swimming pools.

Inside, a rich mosaic of the finest hardwoods, fabrics, tile, stone and glass enhance the beauty of top-quality appliances and fixtures in gourmet kitchens and designer bathrooms. Grand windows frame spectacular ocean, mountain  and golf course vistas.  Saving the best for last, residents can appreciate glorious Hawaiian sunsets on cozy covered lanais equipped with built-in barbecues.

Wainani at Poipu (“crashing waves” in Hawaiian) treats residents to the best of both worlds: peaceful relaxation and outstanding recreation. On par with the world’s most challenging golf courses are a remarkable eight world-class courses on Kauai including Wainani’s Robert Trent Jones Jr.-designed course at the Kiahuna Golf Club. Further broadening the appeal of resort living at Wainani are the many exceptional choices for dining, entertainment, recreation, and shopping.  Nearby five star hotels and world class resorts highlight any once-in-a-lifetime vacation, all year round..  Residents and their guests can appreciate the areas famed Tunnel of Trees and the island’s Waimea Canyon, better known as the Grand Canyon of the Pacific by American author and humorist Mark Twain.  It just doesn’t get any better than this – and on December 28th, resort-style living gets affordable.

Successful bidders at the Wainani at Poipu auction can choose from a range of excellent financing programs offered by First Hawaiian Bank and purchasers are also eligible for a SPECIAL CREDIT. Buyers who obtain financing through First Hawaiian Bank and close escrow within forty-five (45) calendar days of the auction will be credited $5,000 towards non-recurring closing costs (based on lender guidelines) by the seller at the close of escrow.

Kennedy Wilson’s auction for six Hawaiian style residences at Wainani at Poipu will begin at 1 p.m. on Tuesday, December 28th at the Grand Hyatt Kauai Resort & Spa, 1571 Poipu Road, Koloa, Kauai, HI 96756. Registered participants are advised to arrive no later than 12 p.m. (NOON) for the auction, which will last approximately one hour.

Kennedy Wilson is pleased to invite registered bidders to a “How to Buy at Auction” informational seminar taking place at the Wainani at Poipu Auction Information Model on Monday, December 27th, beginning at 4 p.m. Attendees at the free seminar can familiarize themselves with the auction process , rehearse bidding strategies, find out how to prequalify for financing and much more. The seminar will close with an exciting live practice auction hosted by an actual Kennedy Wilson auctioneer.

To learn more about the December 28th auction at Wainani at Poipu, please visit the Wainani at Poipu Auction Information Model at 2998 Kiahuna Plantation Drive, Kauai, HI 96756. The office is open daily from 10 a.m. to 5 p.m. for your convenience. Registered bidders unable to attend the auction in person can still participate via live internet online bidding with real-time audio and video of the auction at www.BidKW.com. Further information and details on the auction and online bidding are available at the auction website at www.PoipuAuction.com.

ABOUT KENNEDY WILSON

Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, CA with 21 offices in the U.S. and Japan. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the U.S. and Japan. For further information on Kennedy Wilson, please visit www.kennedywilson.com.

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