Long Overdue: Kai Malu Unit 35A

This unit has been on the market for over a year now and has finally entered escrow this week. Many prospective buyers have passed this unit by…the location is lovely and very private. Very few Kai Malu units are offered so beautifully furnished and in such unbelievable condition. The interior is pristine and bright, which is what clients want when they purchase in paradise. The home is listed for $1,245,000 but I have a feeling the number that got this unit in escrow is under $1.2 million.

Stunning “Lewa” 3B/2.5B Kai Malu town home, nestled in a uniquely private location with gorgeous mountain, greenbelt and some ocean view. Ideal exposure for cool, shady afternoons on the lanai. Sold completely furnished with high-end furnishings, chosen especially for the square footage of this unit.

Furniture by Harden, Century, Taylor-King, Classic Leather, Sherrill, Ficks-Reed, Hekman, Henredon, Tommy Bahama, Cresent, Cox, Stanley, Uttermost Mirror, Wildwood Lamps, Frederick Cooper lamps, and Ebel lanai furniture. All upholstery is custom and chosen to compliment the color scheme and décor of the townhome. The kitchen is fully equipped with dishes, cutlery, cookware and miscellaneous small appliances. Also included is a Security Tech Home Alert System.

Casablanca ceiling fans throughout. Custom wallpaper in the master and guest baths provide an extra layer of design style. Meticulous in every way, this townhome shows absolute pride of ownership. This unit also offers a private pool off of the spacious lanai for a relaxing swim on Wailea’s warm, sunny days.

Market Update

This year to date, there has only been 9 units sold for a total sales volume of $11,685,387, the neighborhood has a cooled off since off August. For the first 8 months of the year, the neighborhood was averaging more than 1 condo sold a month. However, 9 is still a great amount of volume for any neighborhood in the resort. Homes are selling for an average price of $1,298,376. The lowest priced unit sold for under $1 million at $950,000, $48k off the original asking price. While the highest priced unit closed for full asking price at just under $2 million, $1,950,000 to be exact. Another noteworthy statistic about the neighborhood is the two highest priced units were sold in less than a month, proof that the best Kai Malu units go quickly.

One of the very best infinity bools in Wailea

At the moment, there is still a great selection of inventory at Kai Malu for buyers to choose. In total, there with 6 active units for sale representing a market cap of $10,279,000. All of the listings are valued at over $1 million. The average list price of $1,468,428 demonstrates the rising values of the condos in this complex, they represent a great investment as the units tend to hold their value. The lowest priced unit is at $1,030,000, its been on the market for just under 2 months and represents one of the better deals in Wailea. The highest priced unit is listed at $1,875,000, it boasts gorgeous ocean views along with some exquisite finishes.

For Sale by the Sayles Team: 78 Kainehe Place

Experience the very best Kai Malu Wailea has to offer and could be all yours for $1,699,000. Perfectly framed ocean views out towards the West Maui Mountains that will inspire you. Located directly across from the 12th green of the Wailea Blue Course, this private Maui getaway is truly a residence of distinction. The interior of the unit has been professionally decorated and offers an elegant and contemporary Eastern-Hawaiian feel. Finely appointed, and being offered fully furnished by the sellers.

The kitchen is a chefs dream! GE Monogram stainless steel appliances, gorgeous alder chestnut cabinets, and Verde Fontain granite counter tops featured for your modern cooking convenience. The downstairs covered lanai flows out nicely to a private greenbelt area. This indoor/outdoor living arrangement makes 78 Kainehe perfect for entertaining your friends and family. Stunning Mediterranean Travertine floors featured in the entry, the kitchen, and in all of the bathrooms. The upper level master bedroom also has its own private lanai, and offers incredible evening views of the twinkling lights of Maalaea Harbor. You must truly preview this home in person to appreciate the quality. Don’t miss out on this unique opportunity to own your perfect piece of paradise.

Lowest Priced Condo: 67 Kainehe Place

This unfurnished property is listed for $1,030,000. The unit has many original developer upgrades including upgraded garnite counter tops, wooden floors in great room and master bedroom, wet bar/GE bar refrigerator and GE Monogram BBQ/rotisserie on lanai, and extended upgraded tile on lanai floor. Spacious two car garage with storage that has separate entry into kitchen. Rare desirable “Honua” floor plan with Master Bedroom on first floor (only 30 units have master on first floor). Two bedrooms and a bath on 2nd floor. Limited ocean views. Quiet interior unit. Priced to sell and lowest priced of all for sale at time of Listing. The common activity (Hale) area has 75 foot infinity pool & spa with outstanding ocean views, sauna, steam room, fitness center and pavilion BBQ area.

Kai Malu is in high demand as owner occupant, 2nd home or Long Term rental, especially for the buyer who plans to use/occupy at a later time and take advantage of the current listing price. Although this property is being sold “as is”, it is considered in excellent condition with Brand New carpet on stairway and all of 2nd floor, kitchen appliances are top of the line Wolf Stove & microwave and Sub-Zero Refrigerator. Kai Malu, centered around 3 holes of the Wailea Blue golf course, is a Residential condominium complex with NO vacation rental use allowed. Minimum rental allowed is 6 months.

2nd Highest Priced Condo: 112 Kai La Place

Privacy with beautiful views for $1,850,000. When entering the home you feel the welcoming of the ocean and tropical flowers framing this exceptional setting. Open great room flooded with light and extended lanai makes this a delight for entertaining. Open kitchen with generous storage, attached garage and being offered furnished. This rare 3 bedroom 2 bath with master upstairs facing out to the Pacific and sunsets. Separated guest bedroom facing Haleakala and upcountry setting.

Kai Mal is close proximity to the heart of Wailea, beaches, and five-star shopping, dining and golf. Amenities include 75 heated infinity edge pool, spa, fitness center w/ locker rooms, sauna and steam rooms and pavilion with BBQ and kitchen.

Contact a Maui Real Estate and Lifestyle Specialist

Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea

Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born and raised on the island, and spend a considerable amount of time to inform my clients about the best deals currently on the market. Please do not hesitate to call me for your Maui real estate needs. I am more than happy to assist you in your home search.

Aloha,