If you’re seeking a home in the resort, golf, and beach community of Wailea on Maui’s sunny south side, you might consider one of the region’s several short sales.
A client asked if there were any bank-owned (REO) properties in the Wailea/Makena area. To the best of my knowledge, I wasn’t aware of any but I wanted to check the Multiple Listing Service to be certain. Sure enough, not one REO!
So I did a little more investigating and discovered that, nonetheless, there were several properties offered as short sales (a short step before foreclosure). A short sale, for those who have never heard the term, is a situation in which the seller of the property owes more on the loan (and any other liens) than the property can be sold for and is unable to bring money in for the closing. Short sales are becoming the new REOs, which in turn are the new norm. Anyway, if you have the patience and the right agent (me), it may be a good option for you to consider.
Here are 4 listings that qualify:
This second Wailua Ekahi Village condo is a remodeled 1 bed / 1 bath (MLS# 341003) with 792 sq ft, and is listed at $640,000.
The Ekahi properties are located closer to the beach and feature classic old school Wailea architecture. For me, the beach wins if you are looking for a 1 bedroom.
This condo at Wailea Fairway Villas is a 2 bed /2 bath (MLS# 337570) with 949 sq ft, and is listed at $555,000.
If you need 2 bedrooms, hands down, take the Wailea Fairway Villa.
For additional information on these or any other listings in the area, contact me.