We recently updated the Best Buy Lists, which can be seen on my website www.SoldOnMaui.net
Prices in South Maui are inching down at the moment, and some of the prices have dropped from just a few days ago when I made my picks for the lists. Click on the MLS # in the left hand column to see the most current info available for each property.
If you are looking to buy or sell something here on Maui, need more info, or want help finding your own personal "best buy" please do not hesitate to contact me. I would love to help get you into the Maui Lifestyle.
Aloha for now!
On the low end we have Kalama Villa 103 - a 1 bedroom 1 bath condo with 640 sq. ft. of living area. It's located one block from Kihei's surf spot & is a quick walk to Kamaole I Beach, a local favorite. It was an REO which closed on August 24th, 2011 for $94,500 cash. It appears from the photos to be in decent condition, and I bet this condo could easily stay rented at $1000/ month, maybe even more. Factor in the low maintenance fees of only $265 and this becomes the kind of moneymaking deal that real estate investors are on the lookout for. In my opinion, someone got a great deal with this sale!
Are you looking for a deal like that? Then consider Kihei Shores A 102, a potential short sale listed at $129,900. This 600 sq. ft. condo with 1 bedroom & 1 bath was beautifully remodeled in 2005 with bamboo floors, nice cabinets, plantation blinds, new light fixtures - it's a really great looking unit! Kihei Shores is located directly across the street from Kamaole Beach III, another top South Maui beach & park area. This complex has a pool & BBQ area for its residents and has low maintenance fees too - only $324 for this condo. I estimate this condo would rent unfurnished at $900 or $1000 per month easily, more if it were offered furnished. This represents a great buy for an investor, owner occupant, or someone who would use the condo for the same block of time each year and use rental income to help defray the costs. If you want to jump on this great opportunity contact me soon, this one will not last long!
On the other end of the spectrum we have Wailea Point 102, which closed on August 22, 2011 for $8M ca$h! At 3,172 sq. ft. with 4 bedrooms and 4 baths it is big enough to accommodate the whole family, but the price tag is not for the extra rooms included. WAILEA POINT IS ONE OF THE FINEST SPOTS ON MAUI! It offers access to both Polo Beach, Wailea Beach & the famous Wailea Coastal Walk. You'll find panoramic ocean views, 3 swimming pools, tennis courts, paddleball courts, a pool pavilion with full kitchen, 24 hr. roving security and gated entry, fitness center & BBQ areas all on the property. A quick stroll gets you to the best resorts, restaurants, spas, shops, and beaches in South Maui. Hop in the car (these condos come with individual garages) and you're minutes from some of the world's best golf courses. Wailea Point is pet friendly and only allows rentals of 1 month or longer. We won't mention the maintenance fees for this one...it falls under the category of "If you have to ask how much, then you can't afford it." But with those high fees come really high incomes! A 4 bedroom oceanfront at Wailea Point probably earns $35,000 per month! Now THAT'S making some MONEY!
If this is the type of investment you're looking for then check out Wailea Point 1801. It is a FANTASTIC condo being offered at $3,150,000, and one of only a few rarely available that offers walk out access directly to Polo Beach! You can literally watch your family frolick in the surf while you relax on your lanai...IT'S THAT CLOSE!!!! It has 2 bedrooms, 2 baths with nice touches and upgrades including custom Koa desk & cabinetry, a wine fridge, outdoor hot/cold shower, automatic european lanai shutters, full laundry room, and a Viking gas grill. While this specific condo has not been used as a rental by the current owners, based on comparable info available I estimate this unit would rent for around $25,000 per month. I represent the seller as the Listing Agent of Wailea Point 1801, and he's asked me to get it SoldOnMaui!!!
These are just a few examples of how the market is moving here! Good buys are available at all price levels - what we've mentioned and everything in between. Today we have 16 REO condos & 31 potential short sale condos available in Kihei or Wailea, but you have to act fast to get the best deals.
If you are interested in learning more about investing in real estate, buying Real Estate Owned (REO) or potential Short Sale property, oceanfront condos, residences, or just plain ol' good deals then let's connect...I'd love to get you into the Maui Lifestyle!
On July 6th we saw a 4 bedroom home on 1.69 acres of exquisite oceanfront located at 7150 Makena Rd. close for $27 million. This brings to mind the old real estate adage of "Location, location, location!" Oceanfront property of this caliber exemplifies the ulitmate in Lifestyle living here in South Maui.
And if you have the means, the opportunities do exist. If this is the lifestyle you seek, consider another oceanfront property currently up for sale in the Black Sands subdivision, a gated community consisting of only 7 homes in Makena. It has 4 bedrooms & 4 baths with 5400 sq. ft. of living area, and features "sweet life" extras like a trellised pool cabana that seats 12 and an 800 bottle climate controlled wine room. Being offered at $19.5 M it's a steal compared to the recent sale right up the street! Whether you're interested or just curious...check it out by clicking HERE to take you to the listing on the Maui MLS.
The other big sale was for $5.1 M cash for a home in the exclusive gated community of Wailea Golf Estates. This 4 bedroom villa offers privacy, panoramic golf course and oceanviews, and year round sunsets from every room in the house! With pocketing sliding doors & shades, the new owners will really be able to enjoy the indoor/outdoor lifestyle!
If that one sounds nice check out my listing right down the street, a contemporary custom built executive home offering very similar views and amenities as the one recently sold. This home is featured in the August issue of Luxury Home Magazine (see page 40 for the editorial) for its pool deck lanai featuring a sunken kitchen with Viking BBQ and Flat Screen TV for the multi-tasker who wants to soak in the hot tub, grill, and watch the game & sunset all at the same time! This home features a clean, contemporary design with special touches throughout - a media room with projection screen & full surround sound, a wine cellar, 2 oceanview guest suites, a gigantic soaking jacuzzi and serene indoor/outdoor Japanese style shower for the ultimate tropical experience to name just a few. To see the Virtual Tour CLICK HERE.
No matter what you are looking for in South Maui Real Estate, there are some great buys out there right now and the market is moving. I know this market, and if you're interested in buying call me, I can help you find your dream home! Wouldn't you like to be living the Maui Lifestyle?
If you are interested in buying real estate in South Maui I encourage you to check out my "Best Buy Lists."
Featuring active properties listed in the Maui Multiple Listing Service, I include condos and single family homes available in Wailea, Makena, and Kihei. Whether you are looking for a studio condo close to the beach or oceanfront property in Makena, it's all on there. Some properties have been included for the location, some strictly for their price, and any number of reasons that I feel qualify them to be good buys in today's Real Estate Market. Should you wish to see any of these properties or find out why I condsider them to be a best buy, please do not hesitate to contact me. I look forward to the opportunity to serve as your Maui Real Estate Professional.
CLICK HERE to see the Best Buy Condos
CLICK HERE to see the Best Buy Homes
CLICK HERE to search for properties on my website, SoldOnMaui.net.
Aloha for now!
Diane K. Pool
808-875-8535
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