Maui Real Estate Market

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Maui is known for it’s water sports, but golf reigns king here as well. I’ve heard there are approximately 15 courses (public and private) on the island.

The Wailea Blue Golf Course has been a staple in the Wailea area for many years. It was the first thing built in Wailea and is known as the Grand Dame of Wailea. Adjacent to the golf course are the Wailea Golf Vistas, a gated community consisting of approximately 48 home sites, most of which are already built upon. A handful of lots are for sale, as well as a 12,654 square foot home (MLS# 344411) located on a cul-de-sac with maximum privacy, listed for $1,328,000. Take a tour with me below.

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If you’ve been, than you know: there aren’t many places in the world that can top Wailea when it comes to lifestyle. The weather is incredible; South Maui’s legendary “endless summer” makes it a beach day all year round. The whales leap from the water during season (December through March), within full view of the shore. And the manicured resort lifestyle, clean, green, lush, and wonderfully maintained, underscores the fact that you have truly arrived in paradise.

Wailea caters mostly to condo living, but lately, that’s come with a twist. The newer properties, like the spectacular Ho’olei (across from the Grand Wailea), Kai Malu (inland a half mile,with great ocean views), Kanani Wailea (bordering Kihei, at the north end of Wailea), and Papali (near the Palms condos) are more like single family homes in a condo setting.

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Kaanapali Shores has just seen a price reduction for this beautiful Penthouse one-bedroom condo (MLS# 342443). Unbelievable views of the ocean, sunsets, and the whales in the winter. All the upgrades have been finished and paid for per Kaanapali Shores rental program.

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Woman whose legs are buried in sand in shape of mermaid

The winner of the “Funniest Entry”

Networking is a wonderful thing. On Saturday, I was out on an early morning paddle with the Kihei Canoe Club and a fellow paddler asked me if I were going to the sand sculpture competition. I had no idea that there was a competition like that here. When I lived in Los Angeles, I went to the sidewalk chalk art festival a few times, but never a sand castle competition. I thought it would be a great way to spend a little time before I went to my open house at a new listing of mine (Maui Kamaole, Unit A101, MLS# 34440). Read entire post →

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I couldn’t help but reminisce the past at the recent Broker’s Open featuring various Wailea homes for sale, particularly when we arrived at 3934 Waakuala St. at Wailea Golf Estates (MLS# 328435). 

You see, I know this property very well. In fact, I was the agent who sold the land to the buyer who built the home. I was also assigned to oversee the construction of this luxury Wailea home, and I represented the seller in selling the property in the year 2000. It sold for $3,400,000 then. Now, the property is listed for $5,900,000. In November of 2005, it sold for $5,650,000. Read entire post →

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Fantastic opportunity to own a huge condo for very little money.

This Kaanapali Royal REO (MLS# 344541) is priced at $309,900. Located in F building ,#302, which is the top floor. The lowest sold comp here was $490,000 a few months ago. This unit is geared toward an owner occupant. The bank is only taking offers from owner occupants for the first 16 days and then it will be opened up to investors. Read entire post →

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I did a blog a while back about the Explosive Sales in the Makena Beach area. After reviewing the sales figures from the first half of 2010, it seems that Wailea is doing equally well. The figures that I will be using are from January 1 – June 30 of both 2009 and 2010. These figures were based on sales reported to our local Multiple Listing Service. With that aside, there were some impressive sales prices.

wailea beach villas pool

Sales at the Wailea Beach Vistas prove that stable areas like Makena and Wailea are safe bets for investors.

We saw 29 closed transactions in the first half of ‘09, ranging in price from $310,000 to $3,300,000. There were 64 closed transactions in the first half of ‘10, ranging in price from $379,000 to $12,500,000. Yes, folks, let me remind you that we are talking condominiums here. Single family homes are king in Makena, but in Wailea….the condo is king! Read entire post →

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Most people assume that an oceanfront Maui condo is well beyond their means and only reserved for the rich and famous.

Maalaea Mermaid

Maalaea Mermaid REO priced at $156,900 is a bargain

Take a look at this Maalaea Mermaid (MSL# 344351) 1 bedroom / 1.5 bathroom recently listed REO (Foreclosure/Bank-owned) condo priced at $156,900. This split-level unit offers two lanais to enjoy timeless sunsets, the safety of a secured-entry building, and immediate access to Maalaea Harbor. Take into account that other same-sized units are listed for $229K (MLS# 344414) and $265K (MLS# 344216) and it becomes obvious what a bargain this is. Read entire post →

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For those of you who aren’t familiar with house and cottage it’s a common term for buying two houses together in Hawaii.

I have sold allot of house and cottages. The reason I have sold so many is that the numbers work. Once you start adding up your mortgage, taxes, utilities, and other expenses, the added rental income makes a huge difference.

Let’s look at a simple math equation. If you pay $600k for a property and Read entire post →

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Realtors Flock to Hawaii Life on Maui

Posted by Matt Beall, PB on August 10th, 2010 | Tags: ,

Malcolm Gladwell, author of The Tipping Point (among other books), says that “…word of mouth is something created by three very rare and special psychological types… Connectors, Mavens, and Salesmen”. I think Malcolm would see a very familiar pattern playing out with Hawaii Life on Maui. In the last few months, more than 10 Realtors have sought out Hawaii Life and joined our team on Maui, bringing years of experience and a wide variety of professional designations with them. What makes more interesting is that we haven’t been recruiting. Everyone on our team has come to us because they’re just the type of ‘Mavens’ that Gladwell talks about:

Kathleen Wilson, R(S)

Kathleen Wilson, R(S) brings her dynamic spirit and powerful focus with her. She’s an REO Specialist, which gives her a keen insight into the facts about the current market from a very analytical point of view. Consistent with being an REO Listing Agent, she works harder than anyone we know… and is incredibly responsive. E-mails, texts, instant message chats, phone calls… they’re all utilized to the fullest degree. She brings with her a full-time assistant, who also happens to be a licensed commercial broker. If you want the inside scoop on upcoming foreclosures on Maui, call Kathleen. She always has REOs in the pre-marketing pipeline. In her few short months with Hawaii Life, Kathleen has already closed several transactions and continues to bring on priced-to-sell inventory.

Kevin Spaise, R(S)

Kevin Spaise, R(S) is the author and publisher of the 400-page Maui Condo Book. There isn’t a condo complex on Maui that he doesn’t know about. He’s a walking encyclopedia. Publishing and selling such an extensive resource for condominium information on Maui has also provided Kevin with powerful relationships throughout the real estate industry. Real Estate brokers and agents, title and escrow companies, appraisers and lenders have all utilized Kevin’s knowledge-base. Kevin has called Maui home for over 10 years, and has intimate knowledge of South Maui, as Kihei is home for he and his wife Sherry. He’s done an excellent job at sharing Hawaii Life’s value proposition with Sellers in South Maui, as he brings new listings to market regularly.

Ken Molina, R(S)

Ken Molina, R(S) was born and raised on Maui, and has been licensed to sell real estate for over 20 years. He’s a graduate of Maui High School and the University of Hawaii at Manoa. He’s earned a variety of sales accolades and professional designations along the way. He’s a designated EcoBroker, a Senior Real Estate Specialist, a Short Sale and Foreclosure Resource (SFR), and also a Certified Energy Surveyor. He’s contributed excellent articles about home energy use, and his appreciation of architecture. He currently lives in Kihei’s Maui Meadows subdivision.

Rustin Singleton, R(S)

Rustin Singleton, R(S) watches Maui’s real estate market like a hawk. “He’s almost like a stock-broker” says our Director of Sales, Tobi Fisher. Rustin knows West Maui and Central Maui extremely well. He’s like a bull-dog once he’s given any assignment. As an Accredited Buyer’s Representative, Rustin excels and sifting through the inventory and finding the perfect property for his clients. His passion for his clients often leads to lifetime friendships. Rustin is married to a full-blooded native Hawaiian, who was born and raised on Maui, and who he credits with teaching him about the real “Aloha Spirit”.

Also among Maui’s new team members are Mariah Dunham, R(S) and Alex Cortez, R(S), who work as a team. Mariah serves on the fund-raising committee for Habitat for Humanity, and Alex puts his experience in the military to use in creating marketing systems for their clients.

We’re also welcoming Sage Spalding and Bob Whitmere. Sage owns a very popular outrigger canoe tour company in Wailea… (so if you ever want to see property from the water, he’s your guy) and Bob has been a Realtor since 2002 and now lives in upcountry Maui with his wife and child.

We’re pretty excited about the new team on Maui. All told, we’ve added decades of experience and numerous designations to our Maui office. And, there’s more to come! Stay tuned…

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