The Story Behind a One of a Kind Haiku Estate
0 E Waipio Road is unlike any other Haiku estate because of its glorious cliff side locale over Waipio Bay and the deep blue Pacific Ocean. Not only is it the location that makes this property unique, but it is because of the seller who calls it home. International rock legend, Sammy Hagar bought this 10 acre property more than 20 years ago and is now ready to move on from it.
In written statement via PBN, Hagar said, “We bought the property because at the time we were looking for a private retreat. The property had everything we were looking for — lots of land, self sustainable, private incredible view.” But all great things must come to an end Hagar continued, “We are selling the property because we have been taking on more projects, and we aren’t able to get to the Islands as often as we like.”
The poolside view from 0 E Waipio Road
Although Hagar has enjoyed the property over the years, he has just gotten too busy lately to really enjoy the property and live the kind of lifestyle the home offers. He’s been on a full tour schedule throughout the year and has been traveling all over the mainland witch his current band, The Circle. Hagar is even busier with the opening of his 2nd Hawaii restaurant, Sammy’s Beach Bar & Grill in the Honolulu International Airport.
Brought to market in early November 0 E Waipio Road is a premier 10 acre cliff side Haiku estate that offers the true off the grid lifestyle many people seek in Haiku. Set on a private retreat behind a gated entrance, this oceanfront escape is a world of its own. Lined with stately palms and sprawling green lawn and tropical flora, you have everything on this property to live a farm to table lifestyle! A few local celebrity chefs have even had the pleasure of sharing a meal prepared by Hagar only using what was available on the property.
The main home is an excellent single level floor plan that was intention designed to take advantage of the expansive oceans views and evoke a sense of subtle elegance. The indoor and outdoor lifestyle is incredible as there is a saline pool (with hot tub & cabana bath) that crafts an atmosphere of fitness or relaxation. Also on the property is a 600 sqft cottage complete with its outdoor living area, so it is the perfect place for guests or an additional living area. The Hagars built the retreat with sustainability in mind and included: a private well, water catchment system, solar electric, Tilapia fish pond, fruit trees, & terraced vegetable gardens bring fulfillment.
“We’ve entertained and jammed poolside with our musician friends Kenny Chesney and James Hetfield and cooked for celebrity chefs like Emeril Lagasse, Roy Yamaguchi and Sam Choy,” Hagar said. “We love hosting our friends to an island ‘farm-to-table’ meal … gathering all the fruits and vegetables and catching our own tilapia – all grown and gathered on our property.”
Check Out Our Latest Haiku Listing
2830 W Lelehuna Street is a great single level cottage in the heart of Haiku with access to all of the best parts of the Haiku lifestyle and is even just 10 minutes away from Jaws! With 3 bedrooms and 1 bathroom, the room is spacious enough for young families, couples, or just an investment property. Priced at just under $600,000, the inventory for Haiku in this price range is incredibly low with few other options.
While the carport offers room for 2 cars, it can function as an outdoor living area when the Haiku rain rolls in. There is a bonus storage area right off the main living area which is the perfect place to house the beach gear or miscellaneous items. The home has been recently upgraded, so the buyers get to enjoy the new finishes the sellers recently installed.
With a Kokomo address, this Haiku property sits on a flag lot so it is tucked away from the road noise and secluded with ample privacy because of the large bushes separating the properties. The property is located in a convenient location from Makawao and Kula Highway, so there is easy access to explore Upcountry living or the convenience of town.
We brought this compound to market in mid August and it immediately attracted the interest of buyers; after some great showings, it only took 3 days before an offer was accepted and we were able to enter escrow. Sitting on more than 1/2 acre with a home and a cottage, the property is a fantastic value for the buyers because of the possibility to rent one structure out while living in the other.
Sold for $884,000, $15k off asking
2017 Haiku Homes For Sale Market Update
The Haiku homes for sale market is outperforming the 2016 sales data over the same period (Jan to Nov) by more than 20 homes sold. Interestingly, there are 2 price points that have been the most productive but represent two different buying spectrums; the $1 million and $700k price range have seen the most homes sold with 14 and 13 each. Haiku is a good place for people looking for value buys because 13 buyers were able to pick up a single family home for under $500k which is an absolute steal for Hawaii home prices.
Secluded Haiku retreat we sold last year
The Haiku homes market is an incredibly diverse place to buy Maui Real estate; with the abundance of land that is available in Haiku, homes can range from modest single family homes to secluded compounds to sprawling cliff side estates. The latter two properties described are some of Haiku’s best and routinely priced above $1 million, where 2017 has seen 16 homes sold in excess of $1 million. Of the 75 homes sold, 50 of them have been able to close within 6 months of coming to market which indicates that Haiku buyers will act on properties if priced right.
- Number of Haiku homes sold: 76
- Average sold price: $869,150
- Highest priced home sold: $3,999,900
- Lowest priced home sold: $335,000
- Number of Haiku homes for sale: 58
- Average asking price: $1,526,122
- Highest priced listing: $4,950,000
- Lowest priced home: $408,000
Contact a Maui Real Estate and Lifestyle Specialist
Baby Beach on the North Shore, just 15 minutes from Haiku; picture courtesy of our great friend Dom Marino
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