05-17-2006, 02:16 AM
Aloha Hope,
In our opinion, that area of Puna is by far the most beautiful on the entire Island. We recently purchased in Leilani because we found the perfect property for us, despite the cost of homeowners insurance in Lava zone 1. I guess it's all relative to what you are used to now and with the property tax being so much lower than some areas on the mainland (as least for us) it was a reasonable trade off. The state insurance that was mentioned by Emorata is only good for structures up to $250K (not including the cost of the land) so if the dwelling is worth more than that and you have a mortgage, you will have to use Lloyds of London insurance at about $3500/yr ($292/mo).
Still, with all things considered, we would do it all over again and look forward to many years in our Island Paradise. And oh yes, in our opinion, the coquis are music to our ears and don't bother our sleep at all.
Good luck in your search.
Paula
In our opinion, that area of Puna is by far the most beautiful on the entire Island. We recently purchased in Leilani because we found the perfect property for us, despite the cost of homeowners insurance in Lava zone 1. I guess it's all relative to what you are used to now and with the property tax being so much lower than some areas on the mainland (as least for us) it was a reasonable trade off. The state insurance that was mentioned by Emorata is only good for structures up to $250K (not including the cost of the land) so if the dwelling is worth more than that and you have a mortgage, you will have to use Lloyds of London insurance at about $3500/yr ($292/mo).
Still, with all things considered, we would do it all over again and look forward to many years in our Island Paradise. And oh yes, in our opinion, the coquis are music to our ears and don't bother our sleep at all.
Good luck in your search.
Paula
PunaPaula