Located in the 2nd row, Ho’olei Villa 23-1 is perched to take advantage of views similar to units sitting in the 3rd row! The picturesque ocean views from the outer lanai is the standout feature from this corner unit, the outdoor living space makes the ideal setting to fire up the grill and relax with a glass of wine just as the sun sets!
The end units (1&6) are the largest of the three floor plans and are highly desirable because they encompass over 3000 square feet on interior living space plus upper and lower level lanais which makes the unit’s total living area well over 3200 sqft. The unit provides an ample amount of room to spread out and relax at the perfect Maui getaway.
We had the unit priced above $3 million and we were able to close at final sale price of $3,075,000 after an 8 week escrow. The unit carries a $1,695.97 monthly maintenance fee, however, with the ability to be rented out as a short term vacation rental, the potential rental revenue can help offset the monthly maintenance fee.
Designed by a prestigious interior design firm, this villa is both elegant and comfortable. Custom wall colors and lighting on dimmers combine with the palate of the Studio Snaidero cabinetry and thick granite counter tops perfectly. Thick dual-paned Fleetwood glass doors magically retract into the wall to reveal a allow access to the lanai. This indoor/outdoor living arrangement makes it perfect to enjoy your meals on the lanai with the soothing sounds of the ocean breezes coming through the home.
Ho’olei Market Update
This year to date, 11 Ho’olei villas were sold for a running sales volume of just over $30 million; right now, the average sold price for a unit is $2,745,454. We are proud to say that we have been involved in 9/11 transactions in 2016; we have worked extremely hard to ensure a seamless real estate experience for all of the parties involved. Interestingly, 4 units have sold above $3 million while represented the highest priced sale at $3.3 million.
Ho’olei units can offer unobstructed ocean views because of their elevation
The highest priced property to sell, as mentioned earlier was $3.3 million. Glamorous properties like Ho’olei 52-1 hardly ever go up for sale in Wailea. And when they do, our Private Collection of luxury home listings crucially facilitates the deal before the property ever gets a chance to hit the public MLS. Many of our clients are extremely private people and do not wish to put their property in the MLS for a variety of reasons.
We also represented the lowest priced sale at $1,920,000. The unit contains 3 large bedrooms, 3.5 bathrooms and 2 huge lanais. The large master suite has a must see bathroom. The large spacious kitchen includes a gas cook top, large pantry and a plethora of counter space. The unit was a very active vacation rental and sold fully furnished.
At the time of writing, we are proud to say we represent 80% of the listings on the market. We operate an on site real estate information office and are the go to experts regarding anything and all things Ho’olei. We take great pride and see to extensive measures that we offer the best service possible to our clients. We represent both the highest priced and lowest priced listings in the community.
For the clients that are serious and are considering a buying decision, we also have the Private Collection by the Sayles Team that might raise some interest. The Private Collection is a gallery of special properties that are not publically offered for sale. We maintain this Private Collection as a special service to our valued clients who would entertain an offer on their property but do not want their property publically on the market at this time.
- Number of active listings: 5 (4 listed by the Sayles Team)
- Average list price: $2,666,000
- Highest priced listing: $3,195,000
- Lowest priced listing: $1,950,000
- Number of units in escrow: 1
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.