Since the market downturn in 2007 there has been a good number of foreclosures on Maui. Since the start of 2008 there has been only one sold in Kapalua. That one closed in 2009 for $1,700,000.
Rare Maui Foreclosure in Honolua Ridge
This new estate is around 90% complete. The home cottage, office/man-cave and pool house all appear to have been completed. The pool and hot tub are the main things that need work to finish. This estate is priced at $2,850,000 (MLS# 354123) and is way below the next home for sale in the neighborhood (MLS# 352707), which is listed at almost $4 million with no other buildings. This new foreclosure has 4 total structures all complete and almost 5 acres of land.
This estate sits near the top of Honolua Ridge and boasts some of the best views on the west side. I took some videos as I walked around to try and give you a sense of the Granduer of this place.
Kapalua Estate Video Tours
Pool house with views
For Kapalua, this home is a great value. Let me know if you want more information.