Priced Right: Ho’olei Villa 31-4
We originally listed in August and knew that in Ho’olei Villa 31-4 we had a unique unit, it sits on a lower belt in the community (not typically known for its ocean views) with gorgeous ocean views accustomed to units that sit higher up in the complex. With that being said, the views alone make the unit immensely more valuable, allowing us to justify a list price of $2,750,000. We entered escrow in early October with a firm cash offer and closed a month later for $2.7 million.
The ocean view from villa 31-4 dominates the living area, kitchen and large lanai in this desirable Plumeria style villa. Enjoy the pristine condition of a villa that was used exclusively as a second home. The Hoolei community represents a unique fusion of tropical beauty and island lifestyle unparalleled in South Maui. For those seeking the privacy of an upscale residence with the ease of a condominium, Ho’olei offers the ultimate opportunity. This villa also has it’s own private elevator and attached garage. 
 
Nearby are Wailea’s resort amenities, including first-class restaurants, championship golf courses, tennis facilities, elite shopping opportunities, and miles of white sand beaches and ocean recreation. This villa is angled and landscaped for maximum privacy and relaxing ocean views. A stunning carved Mahogany door opens to a wide, grand staircase of honed stone, leading to the great room foyer. An open floor plan with high ceilings, recessed lighting and amazing floor to ceiling windows truly emphasize the spaciousness of this home.
Ho’olei Real Estate Market
At the moment there are 5 active listings in the complex with an average list price of $2,700,000. There are three units on the market that I would consider on the higher end of Ho’olei inventory and there are two units that are under rated in my opinion. Ho’olei is such a popular vacation rental option among visitors that rental income makes Ho’olei a worthy candidate as a viable investment vehicle; couple monthly revenue plus long term appreciation minus carrying costs and a Ho’olei unit could make sense if assessed and managed correctly.
Ho’olei Real Estate For SaleÂ
57 MAKAKEHAU ST #J2
69 MAKAKEHAU ST #I4
69 MAKAKEHAU ST #I3
63 HOOLEI CIR #B2
See a complete list of the Ho’olei inventory for sale
Contact a Maui Real Estate and Lifestyle Specialist
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