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Aloha Valued Subscriber
Market Update
The iconic Grand Wailea Resort is set to be sold April 17 to a New York based company, BRE Iconic Holdings. Reportedly the sale will close at $1.1 billion making it the second highest amount paid for a hotel in the United States.
When the 776 room resort was built in 1991 it was said to be the most expensive hotel ever built, costing $600 million to build. Hotel analysts called it a "fantasy mega resort" that would never succeed.
Today the world-renowned resort commands room rates ranging from $659/ night to $15,844/ night for the 3 bedroom, luxury penthouse. The distinctive features the Grand Wailea offers are the chapel on the oceanside lawn, water elevator, caves and a swim-up bar. There are also multiple pools, waterfalls, waterslides and Jacuzzi's. The Spa Grande is rated amongst the top 10 spas in the world by Conde Nast Traveler Magazine.
Though the resort is currently undergoing a $30 million renovation to incorporate a more contemporary look the new owner will likely do a more detailed renovation.
Reports for the Hawaii Tourism Authority say Wailea is the hottest resort area in Hawaii. Wailea Hotels report the highest room revenues and highest occupancies of anywhere else in the state.
Have a wonderful week!
Ken, Melissa, Greg and Lindsey
P.S. - An all electric battery powered Bus is doing a 3 day test run on Maui Bus Routes. If adapted by the Maui County department of Transportation the zero emission bus created by Proterra Catalyst could provide a cleaner mode of public transportation.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor R (S)
Market Watch
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Active
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Pending
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Sold
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Change
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Homes
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482 (285)
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232 (57)
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1158 (262)
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-11 |
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Condos
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616 (176)
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363 (49)
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1498 (211)
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-9 |
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Land
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343 (140)
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46 (11)
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234 (28)
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0 |
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Total
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1441 (601)
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641 (117)
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2890 (501)
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-20 |
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
1420 Piiholo Road
Makawao
$1.125M (FS) |
Situated along Piiholo Road, nestled on 1.38 acres of land, sits 3 permitted living structures awaiting it's next owner. The main home offers large bedrooms, living areas perfect for entertainment and with 2 additional detached 2 bed, 1 bath cottages your guests will have their own space to stay and relax while visiting.
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119 Ahekolo Street
Kihei
$1.187M (FS) |
Just steps away from Keawakapu Beach, the one locals claim to be the best beach on Maui, this single story home has had only one owner. The home has 3 beds, and 3 baths, 2 are ensuite and has a split bedroom layout.
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 2673 Kokomo Road
Haiku
$1.2M (FS) |
One of the absolute best locations in Haiku, 2673 Kokomo Road allows you to enjoy the tranquility of country living with all the conveniences of Makawao town just 5 minutes away. Recently remodeled 3 bed, 3.5 bath home is cheerful, inviting and ready to move right in. Two-story home plus master suite loft offers plenty of living space and usage options.
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3549 Malina Place
Maui Meadows
$1.695M (FS) |
Very sweet 2018 top to bottom remodel of this "mini-resort" with pool, Jacuzzi, pickle ball courts all in excellent condition. Big views are the focal point of this home with Molokini, Kahoolawe and year round sunsets. This home offers great rental potential. Live in one and rent out the other portion of the property.
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581 Stable Road
Spreckelsville
$5.777M (FS) |
Only 50 yards from a spectacular white sandy beach with private beach access. Simply stated, one of the most beautifully custom built homes to be built on the North Shore. The home, situated on an immaculately landscaped ½ acre plus parcel of land, entertains Pacific Ocean views. With 4 bedrooms and more than 4,244 sq ft. of living space, one can enjoy the true essence of the Hawaiian indoor-outdoor lifestyle.
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Homes Under $1M
805 Pala Circle
Kahului
$477K (FS) |
Bank Owned - Great opportunity in Maui awaiting a buyer. This 3 bed, 1 bath home is what you have been waiting for. Features include approximately 1035 sq ft of living space with spacious rooms, wood and tile flooring and much more.
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40 Kulalani Drive
Kula
$499K (FS) |
Quiet and Peaceful in Kula. Welcome to Kula View, a residential condo property of 6 homes, that includes this well priced, cozy 2 bed, 1 bath cottage with large covered deck. Updated kitchen has granite countertops, ceramic top stove and built in microwave.
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487 Kalalau Place
Kihei
$679K (FS) |
Flexibility is the best part of the South Maui home, ideal for extended family living or a great opportunity to live in one side and rent out the other side. 6 total bedrooms. Nice private location down a long drive off of a cul de sac.
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8 Laupapa Place
Haiku
$745K (FS) |
This immaculate and meticulously maintained, cul-de-sac 3 bed, 1.5 bath home is quiet and private and features a flowing, open floor plan with stylish décor. It comes complete with tasteful, well-maintained landscaping.
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494 Wainee Street
Lahaina
$799K (FS) |
This is a well maintained, single-level home with 3 bedrooms and 2 full bathrooms, nicely landscaped and excellent location on a corner lot. Coveted Lahaina Location and three minute walk to Front Street, Lahaina Shores and 505 Market Place.
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28 Keoneloa Street
Wailuku
$898K (FS) |
Sandhills estates has it all. Close proximity to Schools, hospital and shopping. Lovely Single level home with vaulted ceilings, beautiful travertine floors in the main living area. Fourth bedroom is being used as a office with new built ins or can convert back to a bedroom.
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Vacation Condos Over $1M
Whaler #208
Kaanapali
$1.1M (FS) |
Breath-taking views of the world famous Kaanapali Beach and Black Rock from this recently updated 1 bed, 2 bath condominium. Watch the cliff divers, seasonal humpback whales, spectacular sunsets or enjoy a leisurely breakfast all on the lanai while the beach and aqua blue ocean beckons just steps away.
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Royal Mauian #204
Kihei
$1.390M (FS) |
Enjoy spectacular ocean views from the living area, the lanai, and the master bedroom of this recently (2016) and completely renovated 2 bed, 2 bath, Royal Mauian unit. The renovations include a brand new kitchen, new bathrooms, new flooring, and much more.
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Makena Surf #E203
Wailea
$3.1M (FS) |
This completely and spectacularly renovated, perfectly positioned E-building unit overlooks the white sands of Po'olenalena Beach, and offers its occupants an unbeatable viewing experience. Whether inside this 2 bed, 2 bath unit or out on the spacious lanai, enjoy incredible ocean, beach, neighbor island, and West Maui mountain views.
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Wailea Point #802/804
Wailea
$6,998,880 (FS) |
World class oceanfront enclave offering a completely renovated and elegantly furnished turn-key double villa featuring panoramic ocean views and a double car garage with additional guest parking. Wailea Point also features 28 manicured oceanfront acres, two heated pools, fitness center, entertainment center, pickle ball court, tennis court and boat garages.
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Vacation Condos Under $1M
Pohailani Maui #231
Kahana
$365K (FS) |
Pohailani 231 is a 2 bed, 1 bath second-floor unit overlooking the lush tropical Pohailani garden, situated on the gorgeous West Maui coast. The unit has air-conditioned bedrooms, with new A/C units installed in 2017, and includes a loft over the kitchen area, perfect for hosting friends, family or added guests.
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Kihei Alii Kai #A-207
Kihei
$390K (FS) |
Prime Kamaole One Location! Building A is conveniently located at the front of the complex, yet still away from the main traffic areas. Here is your chance to own in the closest building to the beach at Kihei Ali'i Kai. A-207 is a beautifully appointed and lovingly maintained 1 bed, 1 bath vacation rentable condo.
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Maui Parkshore #111
Kihei
$510K (FS) |
This amazing, 2 bed, 2 bath ground floor ocean view condo will not last long. Relax on your huge private lanai and enjoy a nice book while gazing at the amazing 180 degree ocean views, views of Kahoolawe and Molokini islands. Directly from your lanai, cross the street and you are at Kamaole Beach Park III, one of the best beaches on Maui.
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Residential Condos
Harbor Lights #D122
Kahului
$100K (FS) |
Bank Owned - Excellent pricing on this 2 bed, 1.5 bath on the ground floor in D building. This unit has had some previous updating and just needs a new loving owner. Overlooking the parking area out to the West Maui mountains with one deeded parking stall.
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Southpointe #23-204
Kihei
$316.5K (FS) |
Recently upgraded bathrooms and kitchen in this 2 bedroom 2 bath upstairs unit. This unit is clean, tastefully updated and ready to move into. In the two full bathrooms both shower and tub were recently refinished, new vanity's added, flooring and fixture's. The kitchen is updated with new cabinets, tile flooring, granite countertops and new dishwasher and range.
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Keonekai Villages #12-106
Kihei
$319K (FS) |
Come and see what the residents already know and discover for yourself the hidden gem that is Keonekai Villages. This ground floor 2 bed, 1 bath condo is the perfect place to call home. Clean and well maintained, this unit will appeal to owners and investors alike with low maintenance fees and a convenient location.
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Napili Villas #4
Napili
$499K (FS) |
Opportunity awaits with this 3 bed, 2 full bath single level residence with a fenced yard and some ocean views. This residence is at the top of Napili Villas and sits at the end of a cul de sac with no through traffic.
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Vacant Land
82 Ululani Street
Kula
$525M (FS) |
A rare find, one of only two remaining undeveloped lots in this upper Kula community. Create your own dream home, a view property. Over two acres of gently sloped land with bi-coastal views and outstanding vistas. Property is wooded and will require the buyer to clear. Underground utilities and water meter are installed to the property.
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3388 Keha Drive
Maui Meadows
$750K (FS) |
Unobstructed ocean views from Molokini to the West Maui mountains! Build your dream home on this over half acre lot with water meter!
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