When we brought this unit to market, we were excited to see how it would play out. At the time of listing, we felt a list price of $1,150,000 was a competitive price point. After less than a week on the market, we got the property into escrow and closed for a final sale price of $1,040,000.
The main selling point of the unit is the tremendous panoramic ocean views from the makai (ocean) side of the unit. The condo sits just above the 10th fairway, it is in a private location in the complex and tucked away from the noise of Wailea Ike Drive. The unit is being sold fully furnished with highly appointed finishes and an upscale remodel with Hawaiian style influence.
Arguably the best ocean views and location in the entire complex. Unit #908 overlooks hole #10 of the Old Wailea Blue Golf Course and boasts 180 degree ocean views and outer island vistas. From the moment you walk through the front door of this property, you will see the pride of ownership and immediately notice all of the recent owner upgrades. Interior features include tumbled travertine floors, luxurious bathrooms with designer fixtures, louvered mahogany doors, with textured ceiling treatments and tropical fans.
Wailea Ekolu Market Update
In 2016, the Wailea Ekolu complex experienced a strong year with 9 units sold for a total sales volume of $7,475,000. Wailea Ekolu is known as a more affordable price point in Wailea where in 2016 the average sold price for a unit was $830,555. The most popular price point in 2016 was the $700k price range with 3 units sold; the 2nd most popular price point was above $1 million with 2 units sold. Only one unit was sold in the $500k range which is a great entry point into Wailea Ekolu.
Middle market Wailea Ekolu uni sold in 2016 for $885,000
Wailea Ekolu condo sales in 2016
- Number of units sold: 9 (down from 12 in 2015)
- Average sales price: $830,556 (down from $835,916 in 2015)
- Average sales price per square foot: $784.47 (up from $738.87 in 2015)
Highest Priced Wailea Ekolu Unit Sold
The unit was originally listed for $1,198,000 and eventually closed for $1,150,000. The unit borders the 11th fairway of the Wailea Blue Golf course boasting large views from Molokini to West Maui.
Lowest Priced Wailea Ekolu Unit Sold
Sold for $90k under asking price at $560,000.
At the moment, there is a tony of inventory at Wailea Ekolu which makes it a great time for buyers as they can negotiate from a strong position since there is an excess of supply in the market. About 50% of the units came to market just as the winter busy season peaked.
- Number of active listings: 16
- Average asking price: $870,750
- Lowest asking price: $629,000
- Highest asking price: $1,165,000
Contact a Maui Real Estate and Lifestyle Specialist
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