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Aloha ,
Market Update
Up for sale this past Monday at the Foreclosure Auction was the Kapalua Bay holdings which included 56 residential condominiums, 5 commercial apartments and 567 fractional-ownership interests in 62 time-share units at the Ritz-Carlton Club and Residences. It also includes leasehold interest in The Shops at Kapalua.
The winning bid came from Island Acquisitions Kapalua LLC for $55 million. It still needs to be approved by a judge at a court confirmation hearing, but there still is a possibility of someone outbidding the highest bidder. Contact Us if interested in more details on the overbidding process.
The assessed value of the land and buildings are supposedly worth $284.4 million for tax purposes.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. – In the spirit of giving, the Maui Food Bank is always looking for food and monetary donations to purchase food for our local Maui families in need. Visit http://mauifoodbank.org/ to donate.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for December 3 rd , 2012
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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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497 (259)
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245 (19)
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925 (122)
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NC
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Condos
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756 (168)
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274 (10)
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1185 (79)
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+16 |
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Land
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408 (110)
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42 (9)
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156 (15)
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+3
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Total
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1661 (537)
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561 (38)
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2266 (216)
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+19
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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
20 Kapuaimilia Place
Haiku
$2.46M (FS)
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Situated on Maui’s pristine North shore, this exquisite home offers the finest in single level tropical living. Rock wall and ornate fencing front the landscaped 2 acres with private gated entrances to both the main house and detached cottage. A gracious front entry leads to the grand living room and kitchen, overlooking the stunning blue ocean views beyond. The infinity edge pool, spa and cabana are wrapped by the lush tropical foliage for privacy. Virtual Tour.
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81 Pihaa Street
Ka'anapali
$2.5M (FS)
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This custom 4 bd. 4.5 bath is a beautiful and classic Ka'anapali Hillside home. Offering 4,486 sq. ft. of living area on a 12,155 sq. ft. lot with commanding ocean views that overlooks the private park. Virtual Tour.
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15 Malukai Lane
Wailea
$7.525M (FS)
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Hale Mohalu (House of Relaxation) is situated on one of 14 very private beachfront lots at Maluhia in Wailea, Hawaii. Maluhia is the only private beachfront residential community in the world famous resort of Wailea, Maui. Within walking distance of fabulous shops and restaurants, Hale Mohalu is an exquisitely designed and built private residence. The use of exotic woods and stones prevail throughout this Polynesian style residence that opens to spacious lanais and the tranquil free form pool and spa.
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Homes Under $1M
752 Noholani Street
Haiku
$165K (FS)
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Third house in from Haiku Road. Directly across the gulch from Fukushima Store. Charming 1930's era plantation house. Second bedroom has been separated into 2 rooms. Detached laundry room and detached bonus room. Attached carport. Spacious kitchen and large bathroom.
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96 AiAi Street
Kahului
$290K (FS)
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Centrally located; level lot with fruit bearing trees. Residence in need of TLC.
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30 Pahaa Place
Pukalani
$295.9K (FS)
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Short Sale. Flag lot on cul-de-sac with room for expansion & storage.
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790 Makawao Avenue
Makawao
$349K (FS)
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Exceptionally well maintained plantation style home, is the perfect starter home. This lovely 3 bd. home on a large, all useable 8,165 sq. ft. lot, has a wonderful open floor plan, spacious living room with many sliding glass doors leading to the large covered lanai. This adorable plantation style home is framed with many lush giant tree ferns looking out to the meticulously manicured lawn.
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124 Mehani Place
Kihei
$388.9K (FS)
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Bank Owned. Great home in desired neighborhood in Kihei 2 bd. 2 bath plus 1 bd. 1 bath ohana with a 2 car garage between house and ohana. Large screened in lanai in rear of house.
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2695 Piiholo Road
Olinda
$425K (FS)
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Enjoy the cool, fresh climate of Upper Olinda from this rustic 2-bedroom, 2-bath cabin (circa 1925) on .71 acres. The main bedroom with a walk-in closet is on the 2nd floor along with a large living room, a kitchen that was rebuilt in 1998 (new plumbing was put in at that time) and a large addition that would make a good family room. The 2nd bedroom is on the ground floor and has a full bath as well as a small kitchenette. The electric was upgraded in 2003. There is an attached 2-car garage.
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Vacation Condos Over $1M
Ho'olei P-6
Wailea
$2.872M (FS)
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The exclusive community of Ho'olei offers the utmost in modern luxuries and lavish resort amenities. Villa P-6 is being offered fully furnished, with absolutely lovely ocean views. This finely appointed 3 bedroom, 3.5 bathroom designer townhome consists of 3,076 interior square feet. Other features include a private elevator, an attached garage, a gourmet kitchen, an expansive master suite, and amazing floor to ceiling windows.
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Vacation Condos Under $1M
Royal Kahana #916
Kahana
$249K (FS)
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Bank Owned. Nestled between Kaanapali and Kapalua, The Royal Kahana Resort is a premier oceanfront resort situated right on the sandy beach of Kahana, just minutes away from Lahaina. This ninth floor studio is South facing and overlooks the outer island of Lana'i. The unit is fully furnished and includes a washer and dryer.
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Kihei Akahi C-211
Kihei
$288K (FS)
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Short Sale. A great garden view condo – across from the beach - has an updated kitchen, tasteful furnishings, in unit washer/dryer, and a great rental history.
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Kamaole Sands 4-206
Kihei
$379K (FS)
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Charming South Maui condo with beautiful remodel including granite countertops, Ash cabinets, attractive tile flooring, beautiful stonework in shower, modern lighting and tasteful furnishings. Peek of an ocean view from your extra spacious lanai.
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Wailea Ekolu #305
Wailea
$849K (FS)
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This is a must-see for anyone looking for first class luxury, views, and location. Exquisite two bedroom, two bath Wailea Ekolu condo on the 15th fairway of Wailea’s Old Blue Course. Luxurious features include extensive granite and marble throughout, “soft-close” solid cherry wood cabinets in kitchen and master bath, surround sound with intelligently placed soundproofing, decadent, rich plaster walls, and much more.
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Palms at Wailea #1509
Wailea
$897K (FS)
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Palms at Wailea 1509 is a front row, ground floor unit, counting for one of the best locations in this vacation rentable complex. The unit offers ocean views from the living room, the lanai and from the master bedroom. The very well maintained green lawn outside the lanai leads straight up to the pool facilities.
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Residential Condos
Lanai City Apartments C-102
Lanai
$82K (FS)
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Unique opportunity to buy on the wonderful Island of Lana'i. This new developer offering of 24 fee simple condominium units, nestled in the quiet community of Lana'i City, offers affordable studio and 1 bedroom units, ranging in interior size from 405 sf to 547 sf.
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Maui Gardens B-102
Kihei
$230K (FS)
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Short Sale. Good value for a 2 bedroom 1.5 bath located conveniently next to food and shopping centers. Put your own touches to this condo and enjoy with ductless air conditioning unit and several ceiling fans. Complex has a pool with a hot tub and attached tennis court.
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Hokulani Golf Villas #14
Kihei
$1.199M (FS)
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Looking for something special. This gracious 2 story 4 bedroom/ 3 bath home in the gated community of Hokulani Golf Villas is it. Located on the golf course with wonderful views of Haleakala, Eliar golf course and ocean vistas down the fairway, there are three Lanais offering variety in outdoor living while the highly upgraded interior of the home is spacious and comfortable.
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Vacant Land
101 Malanani Drive
Kula
$395K (FS)
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Come and visualize your dream home situated on Haleakala’s gentile slope. Enjoy warm sunrises in morning and evening sunsets into the Pacific Ocean that will take your breath away.
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5245 Lower Honoapiilani Road
Napili
$895K (FS)
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The property is just off oceanfront but has an easement that allows for direct access to the stunning Honokeana Cove via a shared staircase. Great value for being so close to the ocean with amazing views into Honokeana Cove and beyond to the neighboring island of Molokai.
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