Hibiscus Floor Plan: Ho’olei Villa 57-5
We are proud to say we were able to get Ho’olei Villa 57-5 sold as a pocket listing! We attribute our sale of 57-5 to the Private Collection by the Sayles Team, which is our exclusive sales tool aimed to aid in the purchase of properties not offered publicly for sale. Our location as the on site real estate office for the entire Ho’olei complex allows us a unique advantage in facilitating deals. It is our expertise in the market and accumulation of our exclusive Ho’olei database that we are able to offer properties for sale that are not formally listed on the market.
This excellently maintained unit has has been with the same owners since 2008, so the new buyers will be the 2nd owners of this well appointed property. We closed on the unit after a week which was fantastic for our clients, the property sold for $2.7 million.
Positioned directly across from the Four Seasons Wailea and Grand Wailea Hotel, Ho’olei truly represents the best Wailea has to offer! For those seeking the privacy of an upscale residence with the ease of a condominium, Ho’olei offers a tremendous opportunity. Residence 57-5 is located in the highly sought after J Building, situated in the third row of the community. With stunning panoramic ocean views clear out to Lanai, 57-5 boasts 2426 ft. of interior square footage. With elegant Italian cherry wood cabinetry and a dazzling Studio Snaidero kitchen. Premium fixtures and appliances abundant, pocket sliding doors extending the living interior, and gorgeous travertine floors throughout. Finely appointed and offered fully furnished by the sellers.
Ho’olei Market Update
So far in 2016, 9 Ho’olei villas have been sold for a running sales volume of just over $25 million; it has been a very productive year compared to the same time last year (7 sold through October in 2015). We are proud to say that we have been involved in 80% of the transactions this year and we have worked extremely hard to ensure a seamless real estate experience for all of the parties involved. The average sold price of a villa is $2,782,777, while the median sold price of a villas was $2,775,000.
The Ho’olei market has been very kind to us in 2016, our hard work and attention to meticulous detail has been paying a wealth of dividends to our team. We have had the privilege of representing every price point in the market, from the lowest priced unit to the highest priced unit, and everything in between.
We represented the buyers of lowest priced Ho’olei to sell in 2015. The unit came to market in October of 2015, Villa 12-3 represented one of the best deals in Wailea at the time of its listing. The unit initially came to market at $2,150,000 and received a price reduction of $30k in April of 2016. We had buyer clients who were ready to write an offer in late May and were able to get their cash offer of $1,920,000 accepted. Snagging a Ho’olei unit for anything under $2 million is a fantastic deal and we’re happy to get our clients into a unit they desired!
The views from the highest priced Ho’olei sold in 2016
We are proud to have represented both parties in the sale of the highest priced Ho’olei for sale in 2016. With this sale of this property, it was a special case as it was part of our Private Collection. The goal with marketing our Private Collection of homes is not just to find a purchaser, but rather to create a strategic marketing plan catered to our seller client’s individual needs and specific timeframes. We target a much smaller, sophisticated audience of potential purchasers, who are experienced and qualified to make the purchase. The highest priced Ho’olei ended up closing for $3.3 million.
We also have a brand new listing that we just brought to market in mid October, Ho’olei Villa 23-1.
An updated list of recent listing activity at Ho’olei.
- Number of active listings: 2 (both listed by the Sayles Team)
- Average list price: $2,781,666
- Highest priced listing: $3,200,000
- Lowest priced listing: $1,950,000
- Number of units in escrow: 3
Complete list of Hoolei condos for sale
Contact a South Maui Real Estate Specialist
We’d like to extend an invitation to you to stop by our on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM–5:00PM.
Our team has been blessed with the opportunity to have been part of this Ho’olei since its infancy stages back in 2005. We’ve been in the in house sales team for the past 9 years. It truly brings a smile to my face when I see first time guests, return visitors, and full-time residences who embrace and wholeheartedly love their Maui lifestyle.