A couple of weeks ago, Maui saw its largest closing to date this year. The 5,685 square foot house, positioned on a little more than half an acre of land on exclusive Keawakapu beach, sold for $11,250,000 cash! While it was listed for about $7 million more, it appraised at less than $10 million for the house and lot, so the final price represents a healthy compromise. The closing of 3126 S Kihei Rd signals that high income buyers are again looking in South Maui for their next big investment. Our market is surely on an upswing, and there might not be a better opportunity to gain an economic foothold in Wailea than right now. Feel free to come by and check out our real estate information office for Hoolei condos for sale, it’s open seven days a week, from 9am-4pm. All three models are now open and we’d love to set up a viewing appointment at your convenience.