Ocean Home

April/May 2012

Ocean Home magazine is for people who love the luxury oceanfront lifestyle, from home design and decor to world-class beach resorts, villas, hotels, and destinations.

Issue link: http://digital.oceanhomemag.com/i/57834

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Page 22 of 116

INSIDER | BUSINESS of course! The Marbella Club. Must Sea Huala _lai Resort occupies 865 acres of Kona coast- line that include the Four Seasons Resort Huala _lai and beautiful homes avail- able for rent or purchase. Whether you simply visit Huala _lai or call it home, the resort will not disap- point—from the natural beauty of the lava rock and sprawling golf courses to fabulous restaurants and the world-famous Huala _lai Players' Club The Marbella Club pumps up Puerto Rico's market. By Scott Kauffman At a time when many Caribbean develop- ments are looking for signs of a real estate recovery, The Marbella Club is pumping up Puerto Rico's market with positive news. Fueled by highly attractive value pricing, various government tax incentives, and 100 percent developer financing, the oceanfront Marbella Club entered the spring season with nine luxury condo units sold in the previous 12-month period—easily surpassing sales from each of the previous two years, says developer Candelero Point Partners principal Jim Harvie. Situated on a prime parcel in the Palmas del Mar resort about 45 minutes from the airport on the island's southeast coast, The Marbella Club is a fully developed commu- nity of 150 residences with roughly 15 left for sale. The two- and three-bedroom homes are surrounded by matured landscaping and two private pools, and a unique Span- 20 oceanhomemag.com april + may 2012 ish Cava is offered for member wine storage and events. Meanwhile, The Marbella Club residents have access to Palmas del Mar's nearby amenities and services, including a beach, a 200-slip marina and yacht club, equestrian facilities, 20 restaurants, two golf courses, and the Caribbean's largest tennis center. Condos start at $362,000 for 1,100-square- foot, one-bedroom units (reduced from $483,000) and go up to $709,000 for 2,200-square-foot, three-bedroom/three-bath units (reduced from $945,000). Harvie says 70 percent of Marbella Club homeowners are locals, but the balance is made up of U.S. buyers seeking an exotic yet easy getaway. "One of our newer residents is a New Jersey lawyer who used to own in Los Suenos [Costa Rica]," Harvie says. "He said, 'This is the best-kept secret.' You don't need a pass- port; there are direct flights and it's so much easier to get to. It's three and a half hours by plane, then 45 minutes to your home. He told me when he's down here, he feels like he re- ally escapes to a whole different atmosphere." Indeed, it's one that's starting to become a real seller's market. themarbellaclub.com. Spa. The property recently unveiled a $40 million property enhancement and launched a new out- door adventure program called Voyages. Voyages is led by the expert staff of Alaka'i Nalu, "masters of the waves," and offers over 200 activities—many of which are complimentary and unique to the Huala _lai Resort. One opportunity includes lunchtime with the friendly King's Pond Spotted Eagle Ray, Kainalu, a close-up encounter that involves hand feeding him shrimp and mussels. Also complimentary is the Fish Circus, where guests can assist in training some of the 4,000 fish in King's Pond to perform "circus tricks." Guests can also try paddle boarding, outrig- ging, or scuba diving, or explore Huala _lai Volcano's last spectacular eruption and lava tube caves. hualalai resort.com. —M.G. play time The Voyagers Program at Hualalai Resort.

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