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.
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.
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 →
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.
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 →
Using quality of life as a barometer, what’s the ultimate address in Wailea?
The answer could well be Hoolei, the 30-acre luxury residential condo property directly across the street from The Grand Wailea.
Wailea’s gated Ho’olei, across the street from the Grand Wailea, is setting the standards for resort living in a residential setting.
Developed by the Quill Group, which also created the landmark property Na Hale O Makena, Ho’olei features 120 two-story townhome residences, spanning between 2,500 and 3,300 square feet, all with spectacular west-facing ocean views.
Completed in 2008, Ho’olei has defied downward market conditions and has nearly sold out (only ten developer units out of 120 remain unsold), a testament to the appeal of a true luxury resort with the inherent appeal of single family living. Indeed, the premise from the beginning has been to offer the resident, whether part- or full-time, the best of both worlds. The market has responded: Ho’olei has consistently and dramatically outsold the other five luxury properties at or near its price point — Wailea Beach Villas, Papali, Wailea Point, Polo Beach, and Makena Surf. Eight units have closed thus far in 2010, accounting for more than $17.5 million in sales.
Ho’olei is absolutely unique among a spate of gated luxury properties that have defined Wailea’s development in recent years Read entire post →
Wailea Investment Opportunities For Savvy Investors
Views from a Wailea Fairway Villas condo for sale
Those who have stayed or visited Wailea Fairway Villas surely understand why it is one of my favorite properties in South Maui. Built in 1998, twelve manicured acres provide the setting for 118 luxury units, ranging in size from 2 bed / 2 bath (949 square feet) to 3 bed / 3 bath (1568-1790 square feet). Residents enjoy exclusive use of the property amenities, which include a recreation center with full-size kitchen, pool and jacuzzi, barbecue areas, a fitness center, and storage facilities. Read entire post →
Wailea Pualani Foreclosure is listed for over $500K less than comparable properties.
This Wailea foreclosures is listed way below comparable properties in the area
One of the newest communities in the master-planned Wailea district, Wailea Pualani consists of 92 custom-designed homes on 32 tropical, well-landscaped acres of prime Maui real estate. With gated access and a private 2.5 acre recreational park, residents enjoy privacy and a small-community atmosphere.
And for those looking to purchase in Wailea Pualani, a recently listed REO (MLS # 343841) offers an amazing opportunity. Listed at a $928K, this is by far the lowest priced home in Wailea Pualani Read entire post →
Bargains have officially hit the Maui Luxury market!
Papali at Wailea unit #6 (MLS# 338095) is a pre-foreclosure listed at $2,250,000
2008 Sales Price: $3,240,000
Current County Assessed Value: $2,941,000
Original Asking Price: $3,295,000
Current Asking Price: $2,250,000
Personally, I find the design elements of the 24 homes in Papali Wailea very interesting and unlike any other’s that I have seen here. They are somewhat Bailenese style meets uber modern. They are single level energy efficient luxury homes that have very simple floor plans incorporating a fusion of top of the line building materials. The site plan of the complex follows the same trend of simplicity, elegance, and fluidity that the homes themselves posses. Read entire post →
