Just listed at the end of September, 226 E Ikea Kai Place is a fantastically private custom home in Wailea Kialoa. Designed as a custom and temporary two story home, the home exudes an open concept with high end craftsmanship that is evident throughout with it’s attention to detail and wood accents. The home features high ceilings which makes it feel even larger than its 2800+ sqft interior.
The home sits on just about 1/4 of an acre, but the home is positioned on the front of the lot which allows a large backyard to enjoy the relaxing pool area. With an upper and lower level lanai, the home is built to maximize the indoor and outdoor living. With mature landscaping around the yard, the home offers privacy because of the close to 10 foot trees.
Listed at $2.1 million
The open concept great room and gourmet kitchen feature travertine tile, carpet and maple wood trim. Central AC, covered lanais, tile roof and photovoltaic panels will keep you cool. Enjoy a refreshing pool Jacuzzi and outdoor shower. With ample storage and a two car garage, this extraordinary home is surrounded by lush landscaping for privacy and security. As a member of the Wailea Community Association, eligibility includes Wailea Tennis & Golf membership
2017 Wailea Kialoa Market Update
The Wailea Kialoa market and the Wailea homes market in general experiences a lower amount of transactions than the Wailea condo market because homes take more of commitment since they take more attention to detail and maintenance. The neighborhood at Wailea Kialoa is regarded as great neighborhood to get into because of its attractive prices and easy access to Wailea and Kihei. The residential neighborhoods tend to less active because the homes cannot be rented on a short term basis, which means most of the neighborhoods sit half vacant for most of the year.
With a 2017 average entry price of just over $1.4 million, the neighborhood represents a good buy because it offers all of the amenities of the Wailea lifestyle with a lower financial barrier. 75% of the units sold this year offered for sale on the public market, while one unit sold in an off market transaction. When a home sales in the private market, it is a testament to the buyer’s strong desire to get into the neighborhood because of their willingness to go after a property that is not for sale.
- Number of Wailea Kialoa homes sold: 4
- Average sold price: $1,423,750
- Highest priced home sold: $1.58 million
- Lowest priced home sold: $1.25 million
Highest Priced Home Sold
With over 5,600 square feet, this home features cathedral ceilings, en-suite bedrooms, a pool and ample covered lanais. The luxurious upper level of this home boasts 2 master suites with his & hers walk-in closets, private sitting areas and large bathrooms.
Lowest Priced Home Sold
An incredible as this home sold for 50% under original asking price. The home was built in 2o06, so it is on the “newer” side in comparison to some other Wailea homes for sale. The home has been kept in great shape and comes with some unique design features like bamboo flooring and a spiral staircase. The home’s pool right off the back lanai is an awesome perk for those sunny Wailea days.
The Wailea Kialoa market is experiencing a decent amount of inventory on the market with the homes for sale representing the higher end of the market. Currently, there are 2 homes for sale in excess of $3.2 million as they are incredibly built custom homes with upgraded finishes and their own private settings. The other most popular price point is the $2 million range with 2 homes for sale, one of which is the listing above. Finally, 1 home for sale is under the $2 million barrier with it’s best feature being its outdoor courtyard.
Interestingly, 3 of the homes have come to market within the last 3 months while one home has been listed for close to two years. At this time, the market is averaging a list price of $2.6 million, but that number is a little inflated because of the 2 listings at above $3 million. Typically, the homes in the neighborhood represent values of $2-$2.5 million.
- Number of Wailea Kialoa Homes For Sale: 5
- Average asking price: $2,607,800
- Highest priced home for sale: $3,295,000
- Lowest priced home for sale: $1,795,000
Contact South Maui Real Estate 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) Anthony@Danosayles.com 808-280-6532