What's the going price for Ko Olina?

[echino]

Hi,

I am thinking about buying my first timeshare. I want a prime Hawaii 2br EOY. Would this be a good example to consider? How much is considered a good price for that one nowadays?

 

[tango]

Be sure to look at this thread first.

http://tugbbs.com/forums/showthread.php?t=70909

I think that any thing around $6000 would be very good.

 

[Lawlar]

How To Bid?

If the current big is about $2,000, why wouldn't an interested party bid $2,100 or $2,500? I assume the idea is to bid in the hopes of getting it as cheaply as possible.

Does the seller have to sell at the highest bid by a certain point?

[If these questions seem stupid its because I've never bid for anything on Ebay. However, I bought some of its stock recently, so maybe I better learn how the process works.]

 

[jgunter100]

I think the poster meant that your final bid should be around $6,000. Of course, you would bid in small increments with $6,000 being your ceiling.

Does anybody know if this ebay listing is for ocean view?

 

[echino]

Does anybody know if this ebay listing is for ocean view?

The seller says: "this is deeded as a mountain view but since it is floating you are able to book a different view through II & the Resort in advance". I am not sure what that means. If I want ocean view, do I have to exchange this unit through II into an ocean view one? I think this will not work, will it? And to book through the Resort in advance, will I have to pay extra to upgrade to an ocean view? This is confusing to me.

 

[Dave M]

However, there is no point in bidding until the last seconds of the auction. Doing so before that just makes it more likely that unsophisticated bidders will push the price above your upper limit.

 

[tango]

Ocean view at Ko Olina is a specific category of unit. I think they tend to be on upper floors, and more facing the ocean. That said, many of the units categorized as mountain or island view, also have some view of the ocean. What you exchange into is purely a matter of luck, but I presume that owners of ocean view units would have priority.
When I was looking for a unit, I didn't make ocean view a priority, even though I like ocean views, and that's because most of the views at Ko Olina are nice.
I would say, bid the most you are willing to spend, because it will only go up by the next predetermined increment. And as the moderator says, bid later rather than earlier. Otherwise, you just look like a newbie bidding multiple times.

 

[Stefa]

You can not reserve an oceanview unit through the resort if you own a mountain/island view unit. You can only reserve what you own.

 

[wa.mama]

It is also erroneous to say that you can book an oceanview through exchanging a mountainview with II. What??? If anything, an II exchange (say from one year to another) will get you a unit below floor 5, which is basically an air-conditioner view. There are exceptions, of course, but even as an owner there my exchanges back into the resort have been dismal.

However, on the flip side, it is our favorite timeshare, and if you are in the know you can easily book a mountainview unit that has pretty good ocean views.

 

[Kokonut]

A 2BR EOY MV Penthouse at Ko Olina just sold for $9,950 on eBay:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260323310848&ssPageName=ADME:B:WNA:US:1123

 

[calgal]

My colleague is at Ko'Olina right now and just purchased a 3BR OV EOY for 37K. They gave him an equity trade-in of 16K for his NCV Gold week (EY). He wants to purchase from the developer because he wants the option of trading in for Marriott rewards points. I doubt there are too many 3BR on the resale market anyway. I have previously told him about purchasing resale, so I didn't repeat myself when he called me all excited.

 

[wa.mama]

photo of a mountainview's "view"

[/IMG]


Not bad. Even my marriott sales rep advised "don't buy ocean view"

 

[calgal]

According to my friend, all 3BR are OV.

 

[LAX Mom]

In my opinion (and after more than 13 exchanges into Ko'Olina) some mountain view units have excellent ocean views. When they only had one building up, I stayed in several mountain/island view units with a great view of the ocean, (similar to the photo posted by wa.mama).

However, this has changed with the new buildings. Many views are now blocked and building #2 has many units that face the island with no view of the ocean. Buildings #2 & #3 block many views from units in building 1. The last time I was there I had an "ocean view" unit in building #1. Because of the construction on building #3 I could barely see the ocean.

For a long time I felt like you couldn't get a bad view at Ko'Olina. That has definitely changed with the new buildings up and operating. With a mountain view exchange you now have a likely possiblity that you will be facing the island, with no view of the ocean. The mountain view owners request building #1 because they know it's their best chance to see the ocean from their unit. So most exchangers get put into mountain view units in building #2, facing the golf course.

 

[taffy19]

Hi,

I am thinking about buying my first timeshare. I want a prime Hawaii 2br EOY. Would this be a good example to consider? How much is considered a good price for that one nowadays?

Oh my! Prices are dropping fast from what was posted in #2. Have a look at these links here and here. I wonder how people feel who bought from the Marriott direct?

I would wait a little longer yet before buying one re-sale. I don't think we have hit the bottom yet with the economic news I hear daily.

I recently called the resort where we own (MOC) and the sales lady told me that sales were still doing well there. They are almost sold out completely at both towers. This is for the fixed units as we never mentioned the floating units. She had no reason to lie to me because she knows that we are not in the market to buy another week.

 

[ondeadlin]

That's amazing. I'll bet there are times when you could pay more than $4,750 to rent that Ko Olina 2BR unit for a week if you went through Marriott (and if not quite more, certainly close).

You're going to see some brutal prices for Marriott's Kauai Beach Club, where MFs for a one bedroom are $1,500 or so.

And, no, it does not appear like the bottom is in sight for timeshares yet.

 

[thinze3]

That's amazing. I'll bet there are times when you could pay more than $4,750 to rent that Ko Olina 2BR unit for a week if you went through Marriott (and if not quite more, certainly close).

You're going to see some brutal prices for Marriott's Kauai Beach Club, where MFs for a one bedroom are $1,500 or so.

And, no, it does not appear like the bottom is in sight for timeshares yet.

IMHO 1BR units at KBC could potentially go below $1K soon with fees like they now have. We have seen this with some Marriott ski resorts for prime ski weeks.


Terry

 

[larue]

Oh my! Prices are dropping fast from what was posted in #2. Have a look at these links here and here. I wonder how people feel who bought from the Marriott direct?

I would wait a little longer yet before buying one re-sale. I don't think we have hit the bottom yet with the economic news I hear daily.

I recently called the resort where we own (MOC) and the sales lady told me that sales were still doing well there. They are almost sold out completely at both towers. This is for the fixed units as we never mentioned the floating units. She had no reason to lie to me because she knows that we are not in the market to buy another week.

Check the seller out, as well as other threads on his dubious business practices. I will be surprised if this sale truly goes through. If it does, congratulations to the buyer. I would be very careful about sending in any deposit and hoping to get it back.

 

[James1975NY]

IMHO 1BR units at KBC could potentially go below $1K soon with fees like they now have. We have seen this with some Marriott ski resorts for prime ski weeks.


Terry

Ko Olina going for $1k? That would be interesting. I wouldn't hold my breath

 

[Stefa]

Ko Olina going for $1k? That would be interesting. I wouldn't hold my breath

KBC is Kauai Beach Club. The fees for a 1br are about the same (or more) than for a 2br at Ko'Olina. Also, KBC is a converted hotel, so rooms aren't as large and as nice (or so I've been told).

 

[James1975NY]

KBC is Kauai Beach Club. The fees for a 1br are about the same (or more) than for a 2br at Ko'Olina. Also, KBC is a converted hotel, so rooms aren't as large and as nice (or so I've been told).

Maybe $1200 :hysterical:

 

[Graceville]

I am at Ko Olina now. Tower 3 is complete, and I am told that half of it will open on January 2, 2009, including the new third pool. It looks good. I was told that it is 25% sold. Towers 1 and 2 are said to be sold out. Tower 4 has not yet commenced, and has an approximate complete date of 2012. When Tower 4 is complete, there will be about 750 apartments or 39,000 weeks.
I am staying in an Ocean View on Level 11 and this has great views.