World Class Luxury: Wailea Point Unit 1501
This is Wailea Point at its best: front row location, a timeless Wailea decor style, two expansive lanais, and picturesque views of the Pacific. This kind of luxury comes with a price tag of $4,888,000; certainly a higher price point in the Wailea area, comparable with Wailea Beach Villas although they are of newer construction. At this point in time it is the highest priced in the community and is well worth its list price. The condo came to market early last week and this unit could possibly go quickly due its extreme level of luxury coupled with the fact that many units like this do not go up for sale.
Envious oceanfront location & views! Plenty of space in the complex’s largest floor plan. Exquisite interior with a spacious kitchen & gorgeous wood floors. The downstairs functions as the “entertainment level” and is also a guest room, family room, bar & bath. It can also function as the main oceanfront master suite. The unit is perched high above the ocean for the maximization of views and privacy. Wailea Point’s outstanding quality of construction is legendary. An exceptionally well-managed property with strong reserves.
Wailea Point Real Estate
This year to date there have only been three units sold, although that number sounds a little low, the market is right at where it should be. Last year only saw five units sold, so the numbers for this year are on pace to match last years. The average sold price in 2015 is hovering a little over $3.5 million, up $600,ooo from 2014’s average sold price. The highest priced unit sold this year was for $5 million, similar to the one listed above but with a lot more high end upgrades, a true Wailea trophy property. The lowest priced unit sold for $2,250,000, it was a decently sized property in good condition.
There is also one unit sitting in escrow that is listed for $4.9 million, units sold this year have closed for within 4-5% of list price.
View from highest priced sold listing in 2015
At the moment there are eight active listings for sale in Wailea Point, a very good amount of inventory considering there is not much turn over in the community. Five of the listings are what I would consider to be on the high side as they are listed for over $3.5 million, that price point is approaching the extremely high end of Wailea real estate. The priciest listing is the newest listing listed above, it sits ocean front and is valued at $4,888,000. The lowest priced listing is listed for $1.8 million and is a good entry price into the community, the unit sits further back and is on the smaller side.
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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,
Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com