Listed in early May of last year for a $7,995,000, this Maluhia at Wailea property underwent one price reduction of almost $400k after 9 months on the market. After its one and only price reduction, the new list price brought the home right into the wheel house of willing buyers. The property entered escrow towards the end of April and after 2.5 months it closed for $7.25 million.
This upscale Wailea home consists of 4,749 square feet with with 4 stunning bedrooms, 4 equally luxurious bathrooms, and 2 half baths for added convenience. The home sits on a very specious lot considering its beach location and is lushly landscaped with tropical foliage. Owners have amazing perks to life at Maluhia at Wailea with privileges & use of the Andaz Hotel, walking distance to fabulous shops & restaurants, and all 14 owners have access to their own private Ocean Front Beach Club.
Maluhia at Wailea is the most prestigious residential community in all of Wailea mainly because it is the only neighborhood in Wailea to be able to claim it is the only gated beachfront community in the Wailea resort.
Because it is the only community in Wailea with that reputation, it makes residents extremely reluctant to let go of such desirable real estate. That reluctance means there is little to no turnover year after year in the community. Not many can lay claim to living in one of the 14 lots; not all owners live in the community on a full time basis, so it is enjoyed by a few at a time.
Only Listing Available at Maluhia at Wailea: 16 Malukai Lane
16 Malukai Lane 1st came to market in February at a list price of $7,495,000 and has not seen any price reductions since. Not only does this home have its own slice paradise with a pool and surrounding privacy of just under a 1/2 acre, but there is also a community clubhouse to lounge around in. The clubhouse is a nice buffer between the community and the beach as it provides a comfortable place to relax in the shade if the beach isn’t your thing. It is also a great place to entertain before moving things back to your own private oasis.
“Pu’u Hale”, Residence Two, enjoys lovely ocean, outer island & West Maui Mountain views. Upon crossing the stream via the quartzite tiled bridge you enter through two mahogany & copper gates to find this beautiful stucco & white coral clad lushly landscaped residence situated upon .46 acres. There are two large master-suites, one on each level, along with two guest bedrooms with en-suite baths. Other fine features include an oversized garage with extra storage, a one-touch ‘Vantage’ lighting & security system, multi-zoned central A.C., glazed ceramic roof-tiles & copper gutters & downspouts. Convenient to all of Wailea’s world class amenities!
- Number of Wailea Homes For Sale: 34
- Average asking price:$5,601,311
- Lowest priced home: $1,499,990
- Highest priced home: $12,480,000
- Number of homes in escrow: 4
Contact a Maui Real Estate and Lifestyle Specialist
Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea
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