Hokuli'a News

November 2, 2007

Nalu Kai Homesites on Sale Beginning November 5 At Hokuli'a

First Nalu Kai Opportunity for General Public at Lyle Anderson's Latest Luxury Lifestyle Community

SCOTTSDALE, Ariz., Nov. 2, 2007 /PRNewswire/ -- The Lyle Anderson Company, Inc. has announced that on November 5, a limited number of Nalu Kai Homesites will be available for sale to the public at Hokuli'a, which is being developed by 1250 Oceanside Partners, the latest Lyle Anderson Company community on the Island of Hawai'i.

The community of Hokuli'a consists of 1,550 acres, spanning three miles along the gorgeous Kona Coast of the Island of Hawai'i, minutes from the coastal town of Kailua-Kona.

Lyle Anderson's goal is to make Hokuli'a the finest oceanside, residential living in the world. The sheltered climate provides gentle coastal breezes, ideal year-round conditions for outdoor living, golf and water pursuits, free of the strong winds that sometimes affect golf in many other areas of Hawai'i.

Nalu Kai ("Ocean Wave") homesites at Hokuli'a are at least one acre in size, selling from $2+ million to over $4 million per homesite. Hokuli'a homesites are currently priced to reflect that planned amenity construction has not yet been completed. The Ocean Club and Golf Clubhouse, both part of The Club at Hokuli'a and currently under construction, are scheduled to open in November 2008. Once these planned amenities are built and operational, prices for the real estate will reflect a premium.

Membership in the private Club at Hokuli`a is offered to purchasers of a homesite, with the Golf Membership Contribution valued at $150,000, included in the purchase.

The Club at Hokuli'a's Jack Nicklaus Signature Golf Course, the only private, oceanside golf course on the island, rises from sea level to approximately 400 feet. Every hole is framed by a dramatic ocean view and some holes run directly along the ocean. The Nalu Kai Homesites are surrounded by nine holes of the golf course, providing both expansive fairway and Western views of the Pacific Ocean.

Additional highlights include:

-- A 140-acre Shoreline Park preserve
-- Hokuli'a Foundation, whose mission is to improve the greater community of Kona, including healthcare, education, affordable housing and Native Hawaiian Culture
-- Open-air, oceanview Pavilion at 240-foot elevation for dining and member events, overlooking the golf course, Pacific Ocean and Western sunsets
-- Two sport fishing boats, including a 37-foot Bertram Sport Fisher, fully equipped for world-class sport fishing, snorkeling and shoreline cruises
-- PLANNED amenities include a golf clubhouse; ocean club facility on approximately three acres of oceanfront property with casual dining and a formal adult pool; 20,000 square foot sand-lagoon swimming pool with sandy beach and keiki (for kids) pool; park and tennis garden; spa and fitness services

ABOUT THE LYLE ANDERSON COMPANY, INC.

The Lyle Anderson Company, Inc. (http://www.AndersonCo.com) is a diversified land development and real estate investment company that focuses on the development of some of the world's top, high-end residential communities and golf clubs in a variety of the world's most storied locations.

Chairman and Founder Lyle Anderson is credited with being the creator of the luxury golf personal property concept. He was also the first in the Southwest to marry great golf with fine living, offering such resort-style, on-premise amenities as generous clubhouses, championship golf courses, state-of-the-art fitness and spa centers, fine dining, equestrian centers and sports activities.

Headquartered in Scottsdale, Arizona, the company's communities and clubs are located in Scottsdale, Phoenix, Santa Fe, Hawai'i and Scotland. Properties developed by The Anderson Companies include Desert Highlands (Scottsdale, Arizona), Desert Mountain (Scottsdale, Arizona), Hokuli'a (Kona Coast, Island of Hawai'i), Las Campanas (Santa Fe, New Mexico), and Loch Lomond Golf Club (Scotland).

 

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