Summer Listings at Kauhale Makai
Kauhale Makai 324 is a spacious 1 bedroom and 1 bathroom unit with 650 sqft of living space. The unit features an open design concept with an elongated living space which makes unit live a lot larger than the square footage suggests. The lanai at the back of unit offers great ocean views and is the perfect place to whale watch during whale watching season. Situated on the inner courtyard, the lanai also looks over community recreation area with pool, Jacuzzi, sauna, shuffleboard and a putting green. The unit has never been rented out and mainly used as a 2nd home, so the unit is extremely clean and well taken care of.
Listed at $324,000
Currently the lowest priced listing at the complex, Kauhale Makai 621 is a great studio with a 6th floor location towards the front of the complex. The studio units are great because they offer a lower maintenance fee of around $550, but offer the same kind of lifestyle and amenities as other units. The unit is being sold fully furnished, so it is easy for buyers to move right in. The lanai offers both mountain and ocean views, which is a great amenities to visitors if the unit is rented on a short term rental basis.
Listed at $279,000
Another great studio unit just brought to market, Kauhale Makai 521 is located on the outer perimeter of the complex but still offers great ocean views from the 5th floor lanai. The unit has been well kept and is easy to clean because of the tile flooring which makes swiffering a breeze. Included in the low maintenance fees are electricity and central air, plus the oceanfront location is a perfect choice for an investment property or 2nd home.
Listed at $299,500
Summer Closings at Kauhale Makai
Brought to the Kauhale Makai market in late April, the unit offers a fantastic floor plan and is large ground floor unit which opens up right to a common green area right off of the lanai. After coming to the market in the mid $300k range, the unit underwent a few price reductions before it was able to garner some interest. After close to 3 months on the market, an all cash offer of $282,500 was enough for the buyers to accept.
Kauhale Makai Market Update 2017
The Kauhale Makai market is experiencing a running sales volume of $1,940,500. The community represents a great value because of the low barrier to entry and the close proximity to the beach. The location in South Kihei Road is within to the center of Kihei which offers dining, shopping, and entertainment.
Interestingly, 5 0f the 6 units sold were in the $300k price range, while only 1 unit sold in the $20ok range. The most popular closings this year have been the 1 bedroom units with more than 80% of the units sold have been the 1 bed units. The community is set for more activity as 4 units are currently sitting in escrow.
- Number of Kauhale Makai units sold: 6
- Average sold price: $323,416
- Highest priced unit sold: $390,000
- Lowest priced unit sold: $282,500
- Number of units in escrow: 4
Highest Priced Unit Sold
This unit first came to the market in the first week of March and only lasted 5 days before it entered escrow. The unit moved so quickly because it is a rare front row 2 bedroom, 2 bath, 975 sqft; although this unit has a lot of square footage, the unit does not offer much lanai space. The unit closed for $10k under asking, where a cash offer of $390,000 was an acceptable offer to the sellers.
The Kauhale Makai market is experiencing a wealth of inventory at the moment with 9 units for sale representing a total inventory volume of $3,059,500. The majority of the units for sale are the 1 bedroom units, while the next most popular units are the studio units. Interestingly, 2 units have been on the market for over 1 year, which make them prime units to make an offer on.
More than half of the listings are in the $300k price range which represents the sweet spot of the Kauhale Makai market. The next most popular price point is the $200k range with 33% of the units for sale. Only one of the units for sale is listed at above $500k and is valued so highly because of the additional 200 sqft of lanai space.
- Number of Kauhale Makai condos for sale: 9
- Average asking price: $339,944
- Highest priced: $505,000
- Lowest priced: $279,000
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