Remodeled One Palauea Bay: 18 Ualei Place
Brought to market in late September, 18 Ualei Place is a complete masterpiece. The home was on and off the market for the past few years as an REO, it ended up selling as a semi complete home with 60% of the work done; the structure of the home was built, but it needed the entire interior to be completed. The home commands more than an acre and resides in the prestigious Makena neighborhood of One Palauea Bay; the neighborhood has a private exit for residents that is directly across from the beach, it also has a private bathroom and shower.
The home is listed at just under $10 million.
This residence boasts 5 bedroom suites with 4 bathrooms and 2 half bathrooms, large great room encompassing a dining/living/sitting room adjacent to a professionally designed home theater, and resort style infinity edge pool and hot tub. Upgrades include: Ipe wood floors, Panda Doors clad with Sapele Wood, Latitude honed travertine with quartz veins, Philippine mahogany, Viking, Sub-Zero, Samsung and Fisher & Paykel Appliances, 5 zone AC with Nest learning thermostats, Sonos Audio, LED lighting, Smart Home with ipad or iPhone control, and more…
One Palauea Bay Market Update
The One Palauea Bay community is an extremely coveted community to buy into because only 66% of the community is actually housing mansions. The exclusivity of the community is spoken for by its sales data, in 2015 and so far in 2016, there have been no homes sold, it doesn’t help the community also has a high barrier to entry.
The last time homes in One Palauea Bay were sold was in 2014. Only two properties were sold for $8.5 million and $3.5 million:
- Tthe $8.5 listing was meticulously designed, the estate offered 6,860 sq. ft. of interior living area and over 3,000 sq. ft. of covered lanai, for seamless fusion of indoor/outdoor living, on a tropically landscaped, one acre parcel.
- The $3.5 listing was an REO and designed for the entertainer, with chef’s kitchen, outside bar, theater, executive office, 5 bedrooms, 5 full baths and 2 half baths.
22 Ualei Place we sold back in 2013
In 2013, two homes were sold for $8.15 and $5 million.
On the $5 million listing we represented the buyers and are proud to have closed on a great deal for our clients; it was a new construction single level furnished residence completed in 2012 consisting of over 6,000 interior square feet including six bedrooms, two of which are masters, six full baths and two 1/2 baths, media room, office, extensive covered lanais, heated pool and spa, three-car garage.
Contact a South Maui Real Estate Specialist
Our team has been blessed to have been part of this extraordinary community since its creation in 2005. Our real estate information office is located on site and is open 7 days a week. It truly brings a smile to my face meeting first time guests, return visitors, and full-time residences that love and embrace the Maui lifestyle.
We’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM – 5:00PM.
Mahalo,
Anthony Sayles
(808) 280-6531
Anthony@DanoSayles.com