Summer Listing at Luana Kai
The newest listing to the complex, Luana Kai C210 is an inner courtyard unit with 2 bedrooms, 2 baths, and just under 1000 sqft of living space. The stand out feature of the unit is its large double lanai with peak-a-boo ocean views towards North Kihei.
The floor plan is an ideal single level layout designed to maximize flow throughout the unit with the focal point being the view from the back of the unit. The master bedroom is located towards the front, so the main living is done in back half of the unit with the kitchen, living room, and lanai. The unit also offers direct beach access off the south end of the complex.
Listed at $475,000
Summer Closings at Luana Kai
Highest Priced Unit Sold
Sitting on the outer perimeter of the complex, this unit boasts some of the best views in the entire complex! Set about 100 yards back from the beach, the unit is close enough to enjoy direct beach access, while being set back enough to be in an ideal distance away from the sea breeze. This unit is also a 2 bedroom and 2 bathroom with the master suite on the ocean side where the sound of the waves provide a soothing outlet. The oversized lanai has plenty of room for a large table to entertain guests and is the ideal place to whale watch during season!
Sold for $585,000, $60k off asking price
Lowest Priced Unit Sold
Also sitting on the outer perimeter of the community, the buyers can enjoy panoramic ocean views from this desirable ocean front 1 bedroom, 1 bathroom unit. The sellers spent over $20,000 on the bathroom alone and the unit is now up to par! The unit was sold furnished and is either the perfect second home getaway or a vacation rental investment.
Luana Kai Market Update
So far in 2017, only 4 units have been sold for a running sales volume of $2,075,000. 75% of the units sold have come in the 2nd quarter or later with all of the units selling for under $600k after close to 3 months on the market. Only one unit has sold for under $500k, but Luana Kai is still considered in a very good price point because of its oceanfront location and ability to be rented as a short term rental. Considering the size of the complex, the maintenance fees at Luana Kai are rather modest and range anywhere from $600-$950.
- Number of Luana Kai condos sold: 4
- Average asking price: $518,750
- Highest priced unit for sale: $585,000
- Lowest priced unit for sale: $415,000
- Number of Luana Kai condos for sale: 4
- Average asking price: $550,500
- Highest priced unit for sale: $670,000
- Lowest priced unit for sale: $475,000
- Number of units escrow: 1 (as of 8/17/17)
Contact a South 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 in South Maui 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