Latest Listings at Southepointe at Waiakoa
Just brought to market at the beginning of December, Southpointe at Waiakoa 20-101 is a first floor unit with its own backyard which is a coveted feature of the ground floor units. Monthly maintenance fees here are extremely price friendly, the fees here are only $378/month. The unit was remodeled a few years ago, so the buyers are getting a unit that will pretty much feel like a new unit.
With 2 bedrooms, 1 bathroom, and 750 sqft, the unit lives a lot large because of the outdoor lanai just off the living room of the unit. The unit was last sold a few years ago and is in completely different shape from when it was last sold. We don’t expect this unit to last long, so definitely make a move soon if you are interested!
Listed for $335,000
Latest Closings at Southpointe at Waiakoa
Brought to market in early November, Southpointe at Waiakoa 21-101 was met with extremely strong interest by buyers. At the time of the sale, the unit was used as a rental investment where it generated a steady stream of monthly income. Boasting a 1st floor location, 2 bedrooms, 1.5 bathroom, and 750 sqft, the unit is desirable because of its own private yard. Loaded with an upgraded kitchen and appliances, the light tones of the walls offer a nice contrast to the sleek color schemes of the unit.
The units here cannot be rented out as a long term rental; you can guarantee the monthly income, but may miss out on the increased returns during the busy seasons. When the unit came to market, it only took 2 days for the unit to enter escrow. In total, this unit only spent 32 days on the market and closed for $10k off original asking at $335,000.
Southpointe at Waiakoa 17-203 is an upstairs unit that has undergone slight renovations to bring it up to modern day standards. Some of the renovations to the unit include freshly painted walls, a beautifully remodeled bathroom and granite counter tops that are just some of the features that make the unit pop.
When this unit was first listed, it needed a few months to gain some traction before it could conjure up some serious offers. The unit’s list price was held firm throughout its entire time on the market. After about the 3 months, the unit received a very serious offer that was $500 off asking. The unit finally sold for a sale price of $269,500.
Southpointe Waiakoa Market Update 2017
The Southpointe at Waiakoa market is an extremely popular Kihei condo complex with strong buying demand and can most similarly be compared to the Kihei Villages. This year the complex has seen a running sales volume of $8.5 million (as of 12/12), that number can still rise if the units in escrow close before the end of the year. The demand for the complex is so high that every month has seen at least one sale. The market has seen a pretty consistent output with the sales being split evenly between the 1st and 2nd halves of the year.
Since the Southpointe at Waiakoa is at an attractive price point and represents a great starter home or an interesting investment opportunity. Condos in this complex sell in a very particular price point with only a range of $110k. The dominant price point is in the $200k’s as more than 66% of the market sold in that range. The units here cannot be rented on a long term basis, so it is more of the long play for investors or the chance to build equity for first time home buyers.
- Number of Southpointe at Waiakoa condos for sale: 30
- Average asking price: $278,553
- Highest priced listing: $335,000
- Lowest priced listing: $232,500
- Number of units in escrow: 3
At the moment, there is little inventory in Southpointe at Waiakoa for buyers to choose from. With such restricted inventory, we encourage buyers to be ready to write attractive offers. 29 of the units sold within 6 months of coming to market, so buyers should beware of how fast some of these units can move.
- Number of Southpointe at Waiakoa condos for sale: 3
- Average asking price: $297,833
- Highest priced listing: $335,000
- Lowest priced listing: $279,000
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 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