The Best of the Best

It’s a simple numbers game—owning a residence at One Palauea Bay (OPB) is an extremely rare opportunity. If the community’s name sounds exclusive, that’s because it is! Currently, less than a 1/3 of the 17 plots in the neighborhood harbor completed homes; there are only 5 homes that have been fully finished, with 3 others still under construction.

This neighborhood has only one entrance, which is gated for privacy.

OPB is prized for its highly sought after location, residing between the exclusive neighborhood of Keauhou and the world-class Fairmont Kealani Resort. This convenient positioning is also within walking distance to Polo Beach Club, as well as a short drive to all 3 Championship Wailea Golf Courses.

The developer implemented deed restrictions on certain lots, which allows every homeowner to take advantage of the breathetakng views available. All of the home sites at One Palauea Bay sit on at least an acre—plenty of room to stretch out and enjoy the perfect weather that Makena has to offer.

22 Ualei Place, sold earlier this year by the Dano Sayles Team for $5,000,000.

Market Activity

For a neighborhood the size of OPB, it has relatively active market, with homes priced from $4,500,000-$20,000,000. That big of a price discrepancy previews the large range of options. Additionally, vacant land is priced between $2,000,000-$5,500,000; and on the rare occasion a vacant lot hits the MLS, they tend to move quite quickly.

Aerial view of OPB, as development was just beginning.

A testament to this fact happened only a few months ago. 34 Ualei Place was a vacant lot that was slated to be listed on the MLS; however once word got out amongst the Maui REALTOR community, it sold as a pocket listing (i.e. before it could even be put on the market)!

Since the start of the year, 2 homes have been sold in OPB. One for $5,000,000 and the other for $8,150,000. A little earlier in 2013, there was a bit more inventory, but a few sellers decided to take their properties off the market. There is currently just one, semi-completed home on the market, and just this week, another vacant lot was listed for $2,850,000.

Just Listed: 26 Ualei Place

Just a stone’s throw away from the white sand beach of Palauea Bay, sits this magnificent, flat, and “ready to build on” 1-acre lot—26 Ualei Place— which is listed for $2,850,000.  Adjacent to this lot is a 20-acre archeological site that will protect your privacy and serenity.

With golf courses to the East and a beautiful beach/boardwalk to the South, many resort activities are awful close. Conversely, you could always sit on your patio and soak up one of the world’s most beautiful sunsets while you gaze into the turquoise Pacific.

18 Ualei Place

World-class luxury and comfort are realized in this one-of-a-kind estate. This home is designed to integrate the natural environment with gracious, island-style living. Custom designed to fit your contemporary island lifestyle, 18 Ualei Place is currently in escrow and listed at $4,900,000. 

Enter through the Porte-Cochere and experience this magnificent home, which is highlighted by:

• 5 bedroom suites
• 5 baths
• Chef’s kitchen dedicated to indoor & outdoor cooking
• Full service bar
• Large living area
• Executive office
• Media room
• Interior-exterior waterfall bar area
• 75 foot, infinity edge, black lava tiled swimming pool and spa.
• Exotic custom cabinets and woodwork throughout,
• Imported granite, marble and tile,
• 3-car garage
• And so much more

The property is being sold “as-is,” with construction to be completed by the buyer.

Contact A One Palauea Bay Neighborhood Specialist

Palauea Bay, more commonly known as “White Rock,” minutes away from OPB

Whether it is relocating to Maui, buying your first home, investing in real estate, or upgrading your overall well being, you could not find a better lifestyle than Maui. This island is more than just a beautiful destination, it’s home to incredible people and some of the world’s most renowned real estate. People come for the sun, but stay for the lifestyle. For more current information on Maui Real Estate, please contact me for a private showing.

Mahalo,