Our latest listing in the Wailea Golf Estates community is sure to impress! Although currently the lowest priced listing in the neighborhood, 192 Lolowaa Place definitely does not lack luxury or desirability. With 2800+ sqft of interior living, 3 bedrooms, and 3 bathrooms, this spacious home has so much to offer to the discerning buyer. Designed with timeless architecture, thoughtful lines, and classic design, this home is sure to attract attention because of its intriguing price point and surrounding neighborhood prestige.
Nestled on one of the most convenient lots in the community near the Wailea Golf Estates Phase II, this custom residence features sweeping views of the Old Wailea Golf Course and beyond out towards the West Maui Mountains, Mol0kini, and the deep blue Pacific. Sitting on just over 1/4 of land, the property has been built to maximize every square foot including 573 sqft of outdoor lanai space to enjoy the indoor/outdoor Wailea living lifestyle. The lanai is the perfect spot to lounge around in while you enjoy your own personal pool and hot tub.
With a list priced of under $3 million, we anticipate this home to be attractive to a wide arrange of buyers because it is rare for a home to be priced so competitively in the Wailea Golf Estates community. We have initially priced the unit at $2,995,000.
Designed both for daily living as well as entertaining your friends and family. From the moment you walk through the front doors of this property, you will immediately notice the pride of ownership and will appreciate all of the recent owner upgrades.
Interior features and appointments include a brand new A/C system (Sep 2017), jetted tubs, a fireplace in the great room, surround sound system, security cameras, custom stonework and woodwork throughout. African mahogany, koa, teak, cherry and tiger woods, granite and travertine with gorgeous inlays. Expansive pocketing doors which open to pool and spa area with new deck, built-in BBQ, and outdoor shower.
3D Virtual Tour of 192 Lolowaa Place
Wailea Golf Estates Market Update 2017
The Wailea Golf Estates is another community that sees little sales volume because of its price point and reluctance of owners to sell. The neighborhood is desirable to residents because of its private location in the Wailea resort and slight elevation which allows for commanding views over the Old Wailea Blue Golf Course and expansive ocean views.
So far in 2017, there have only been 2 sales in the complex; one home came to market in April of last year and the other in April of this year. Sometimes Wailea homes experience extended stays on the market because of the particular buyer they require; Wailea home buyers need to be willing to handle the monthly upkeep of a home, be able to forgo on monthly short term rental income, and be willing to shell out a hefty investment.
The 2 sales in 2017 are as follows:
- $4,750,000: Brought to this year, the home had no problem conjuring up a buyer as it only needed a little over a month to do so. The home was remodeled just a few years ago and is on the lower belt of the community so it has tremendous views out towards West Maui and the South Maui coast.
- $5,450,000: Although this home spent a little more time on the market than some, it was not because of a lack of appeal. This home was a sprawling multi level design with unique upgrades like wine tasting room, outside shower, and over 1000 sqft of outdoor living area.
At this time of year in the Wailea Golf Estates community, the market is experiencing a decent amount of inventory. In the last week, the neighborhood has seen a surge in inventory just in time for the winter busy season. Three of the five most recent listings have been put on the market in November, while the remaining 2 came to market in 2016. I wouldn’t be surprised to see a few more units being listed before the end of the year. With 61 total lots in the neighborhood, it is rare to see more than 7 listings on the market, so the 5 that are for sale right now provide great options for buyers.
The low amount of inventory is a testament to owner satisfaction with their property and indicates just how coveted the community is. The 5 listings represent the different price points in the community, so you get a good idea of what your dollar can buy you. There are 2 listings priced under $3 million, where those 2 are the best values in the neighborhood because it is extremely rare to get into the neighborhood for that low of a price. One list is priced in the $3 million and represents a middle market buy, another listing in the $4 million which is considered the upper middle price points, and the last listing is is priced above $6.5 million which is the very top tier of the market.
- Number of Wailea Golf Estates Homes For Sale: 5
- Average asking price: $4,022,800
- Highest priced listing: $6,650,000
- Lowest priced home for sale: $2,995,000
Contact a South Maui Real Estate Specialist
The view from Hoolei Villa A6, the ultimate privacy and seclusion in the Wailea Resort
Please consider me to be your trusted Maui real estate and lifestyle adviser. 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. Don’t hesitate to call me for your any of your Maui real estate needs as I would be honored to assist you in your home search.
Aloha,Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com