Today, I had the pleasure of viewing a new listing at The Summit at Ka’anapali Golf Estates on our weekly West Maui broker’s tour. 389 Wekiu Place (MLS# 349588) is a beautiful home that was built and is currently owned by David Ferrebee, a prominent and well respected West Maui luxury general contractor.
I shot this video today with my iPhone 4, and you can see that the home does have nice views of the ocean and the islands of Molokai and Lanai. What you can’t see is that the home backs up to wide open agricultural land and the beautiful West Maui mountains, providing privacy and a nice contrast.
389 Wekiu Place is a two-story home with a reverse floor plan, as many of the homes on the back row at The Summit are
This home sits on the back row at The Summit, I would encourage you to take a look at my subdivision blog on the Summit at Kaanapali Golf Estates to better acquaint yourself with the differences between the locations.
This seamless transition between indoor and outdoor living is ideal for the perfect Ka’anapali living climate
This particular home has a reverse floor plan with the majority of the living area and the master suite on the second level to take advantage of the views. 389 Wekiu is built to a very high standard (extensive use of granite, marble, Brazilian teak, and travertine) and has a decent sized saltwater pool and spa.
A couple of things that I really like about this home are the attention to detail in the kitchen and upstairs living area that nicely transitions to the outdoor lanai and view. The master bedroom is very spacious as is the master bathroom.
I wouldn’t mind cooking in this chef’s kitchen with top-of-the-line appliances, would you?
Our Hawaii Life Value Score gives this home a score of 93, which personally, I feel is a little high. There have been 3 recent comparable sales in the Summit—one at $2.2 million for a similarly equipped home on Wekiu Place, but this was a front row home, thus significantly enhancing the view.
There were two back row Summit home closings, one at $1.95M and one at $1.845M—I feel that both of these homes were slightly inferior to the subject property. For all The Summit at Ka’anapali Golf Estates homes and custom home sites currently for sale, click here.
Concluding thoughts—beautiful home with superb construction and attention to detail, very nice views, and great neighborhood—my guess is that it will close at about $2,100,000 or so. What do you think?
Did you happen to catch my Ka’anapali Golf Estates Subdivision Real Estate Guide? If I can help provide you with any detailed insight on this home, or anything on Kaanapali Golf Estates, I am here at your service.
Jeremy Stice, R(S)