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rate in 2021, leaping from 215 transactions statewide in the first three quarters of 2020 to a whopping 634 transactions. Even more impressive is the overall size of the market, which grew from just over $1.1 billion in sales in 2020 to nearly $3.7 billion in 2021. As such, development continues at Hokuli'a, a luxury residential enclave on Hawaii Island, with the release of Phase Two Nalu Kai real estate comprised of 20 premier oceanside lots with commanding views and direct ocean access spanning three miles along the shoreline. Owners enjoy access to 1,260 uncrowded acres as well as unsurpassed resort amenities including a world-class Jack Nicklaus Signature golf course ranked among the best in the state. A peaceful shoreline park provides on-site hiking trails, nature viewing platforms, picnic areas, and a canoe landing for water adventures. Situated along Hawaii's famed Kona Coast, Hokuli'a's development optimizes ocean views from all 538 residential home sites, and the community currently offers various L IFE AS WE KNEW IT PRE- March 2020 found many of us tethered geographically to the cities in which we work, planning getaways to far-flung destinations when schedules permitted. Oh, how things have changed. ere is certainly zero "upside" to the pandemic, but it could perhaps be argued that one silver lining has been the revelation that work-from-home truly can work, which has ultimately led to a surge in second- and third- home purchases thanks in part also to low interest rates on home loans and pandemic-era savings. As a result, vacation destinations, once reliant upon weekenders and seasonal visitors, are now adapting to a greater demand for restaurants, retail, and other amenities that make urban dwelling so appealing, while maintaining their overall vacation-vibe. According to Hawaii Life, the exclusive Hawaii brokerage of Forbes Global Properties, homes above $3 million across the state of Hawaii grew at an unprecedented and historical Indulge real estate Island Vibrations Luxury residential community offers Phase Two lots along the Kona Coast BY MIA PARK @ranchandcoast ranchandcoast.com 64 MARCH 2022 RANCH & COAST MAGAZINE