I don't know what's going on here, but after my Dad's old house in Kailua-Kona sold for $1.3 million in August of 2024 (after being listed for nearly $1.6 million), last night I discovered that it went back on the market in December for just under $1.5 million.
2024's drama:
A couple weeks ago they reduced the price to $1.45 million, which means even if they get that, they make $150k profit? Is it worth flipping a house like this for that amount of money? It doesn't seem like it. And that doesn't take into consideration what they spent on it since August of 2024.
I had no idea it was purchased as a flip, but that's what it looks like. From the pictures, they made two major changes: they removed the carpet and replaced it with wood floors, and painted the interior a very blah shade of tan. I don't know who thought that was a good idea - if I bought the house, the first thing I'd do is paint the walls white again. This does the exact opposite of brightening the place up. I think the place looked a lot better when my Dad had it.
Bleah. Now to see what they manage to get for it. Kona House Watch 2026, baby!
Update 3/21/26: It's under contract (as opposed to sold). I wonder what the offer is. I also bet the neighbors are getting sick of the constant turnover. And I still can't get over how crappy the beigey floors and ceiling are. Someone actually thought that was a good idea. Ick.
Updated 5/6/26: Sold. $1,400,000. They made $100,000 after all the "upgrades" and a year and nine months of paying for it. Hope it was worth it. Hope it finally has owners who want to live in it, love it, and not flip it in another year and a half. Aloha.



















