Pineapple Hill is one of the high end subdivisions in Kapalua, where homes have consistently sold for somewhere around $1,000/sf.
406 Monarch Pl was foreclosed on and listed by the bank at $1,700,000. And of course, it sold right away, since the actual market value is somewhere around $2.3mil.
Please click here to see all details on this beautiful home.
Well, sure enough the new owner turned around and relisted the property for sale, for $2.3mil the day after closing. Who would have thought that flipping properties is still possible. of course, we will wait and see what this home will sell for first.
The good news is that investors and specualtors are back in the market. They see the opportunities and they dont miss them. After all, nobody will appear on the evening news to say: buy now, this is the bottom, tomorrow prices will be higher. The news about hitting the bottom will always be in hindsight:-)))
To see other beautiful homes on Maui, please visit www.westmauihome.com
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Specializing in investment properties on Maui, including, but not limited to vacation rentals, long term rentals and spec homes.
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