Beachfront: Menehune Shores 424
The unit came to market in late January and the unit was already in escrow 5 days later! When units come to market in the right price point, furnished with attractive finishes, and remodeled with upgraded features, units can move within weeks! It was originally listed at $560,000 and closed for $555,000 after 2.5 months in escrow. The unit was sold fully furnished with an outstanding rental history; at the time of the sale, the sellers requested all of the existing rental reservations be honored by the buyers because many of the reservations were booked well in advance.
Extensively upgraded 2-bedroom/2-bathroom unit (sleeps 5). BEACHFRONT with ocean view in a GREAT location in the building! Some of the many upgrades include: Mitsubishi Split (A/C) System (Tri-Zone), kitchen wall has been removed for a more modern, open layout. Custom bamboo cabinets with pull out drawers & granite tops (in kitchen and bathrooms). Beautiful tile throughout entire unit and lanai, upscale ceiling fans, NO popcorn on the ceilings. Stainless steel space maker microwave, stainless steel dishwasher.
Menehune Shores Market Update
Last year in 2015, there were 12 units sold averaging 1 sale a month; however, the sales date don’t exactly work out that way, the year got off to a slow start with the first closing coming in late March and the last closing falling in late December. The average sold price in 2015 was $486,916, while the median price fell around $491,250. The lowest priced condo sold for $410,000, it was a third floor 2 beds 2 baths unit with 885 square feet and entered escrow after 1 week. The highest priced unit sold for $610,000 and was a pocket listing with two beds and two baths on the top floor.
Ground floor views from the lanai
At the moment, there are five active listings for representing a total inventory of $2,584,800. The market is a little top heavy at the moment with the average list price for a unit standing at $516,960; while the median list price is an even $500,ooo. The lowest priced unit listed is valued at $445,000, second floor unit, offered fully furnished, 1 bed, two baths, 661 square feet, and would benefit from some upgrades. The highest priced unit is $599,000, ocean front penthouse unit with ocean views, 10 foot ceilings, ac system, two beds, two baths, and 885 square feet.
Menehune Shores Condos For Sale
760 S KIHEI RD #524
760 S KIHEI RD #510
760 S KIHEI RD #421
760 S KIHEI RD #208
Complete Inevntory of Menehune Shores Condos For Sale
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