Brand New Remodel: Wailea Elua Villa 1505
Wailea Elua Villa 1505 is brand new to the market as it has never been listed before and has just undergone recent renovations to add to the units desirability and aesthetic feel. The unit carries a monthly maintenance fee of around $1500 but the expense can be mitaged if rented as a short term rental; the Wailea Elua is also an expansive complex and meticulously cared for. With the largest 2-bedroom floor plan, thie completely renovated first floor unit is in the lower third of complex. There’s also a spacious rear lanai providing a tropical garden setting away from the front of the unit.
Listed at $2,150,500.
Ground Floor Wailea Elua Villa 2305
Last sold in the early 2000’s, the owners have since gone through detail renovations of Wailea Elua villa 2305 and have emphasized the outdoor lanai as a great way to blend indoor and outdoor living. From the lanai is the best place to watch the sun set as it dips just beyond the horizon and illuminates the night sky. The unit is a little ove 1300 square feet with two beds and two baths, so the unit has plenty of room to accomodate guests or a large family.
Listed at $2,195,000.
The unit has been meticulously cared for by it’s owner! Renovations were done in 2004,2006, and new appliances and drapes in 2014. Wailea Elua has always been known for its location on Ulua Beach and is a favorite for its snorkeling! This gated property has 24 hour Security and has always been known for its tranquility!
Wailea Elua Market Update
So far in 2016, 3 Wailea Elua condos for sale have been sold; all 3 sales have come in the in the latter half of 2016 with no sales through the first five month of the year. The closings so far have fell in the upper price range of the complex. Compared to the same time period in 2015, last year outperformed 2016 by an additional 2 units sold for a total of 5 through January to date of writing. The current average sold price in 2016 for a villa in Wailea Elua is $1,685,000.
Front Row units command a premium in excess of $3.5 million
- $1,570,000: End unit boasts ocean views from both the main living area and the master suite, one of the largest floor plans in all of Wailea Elua, including an expansive lanai, completely remodeled in 2009 with well appointed designer finishes including a gourmet kitchen, travertine flooring, crown moldings, custom tile work & free standing vanities.
- $1,700,000 :The unit has actually been on and off the market since 2013 and wasn’t able to garner serious intent until now. It’s list price was held firm even after 6 months on the market with no firm activity; however, after close to 7 months on the market
- $1,780,000: 2 bedroom 2 bathroom second story unit situated on a lush tropical garden, quiet, private and a wrap-around lanai that borders both living and dining areas, and both bedrooms.
Wailea Elua Real Estate For Sale
The inventory in Wailea Elua is considered to be in the upper price range of the complex. More than half of the listings are priced above $1.9 million. Wailea Elua unit 2006 has been on the market the longest with it about to make a year in the next coming week.
- Number of active Wailea Elua listings: 9
- Average asking price: $2,105,499
- Lowest priced listing: $1,195,000
- Highest priced listing: $3,999,998
Complete List of Wailea Elua 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 luxurious community since its infancy stages back in 2005. We’ve been in the in house sales team for the past few 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.
Mahalo,
Anthony Sayles
(808) 280-6532