Newest Listings at Kai Malu
As the first listing of 2018, Kai Malu 65A is an extremely impressive listing in the community because of the private fenced in backyard and the private plunge pool just off of the back lanai. The unit is designed in a way to maximize the unit offers. As a top row unit, the property is able to offer unmatched privacy with the added convenience of of 320 sqft outdoor lanai that functions as another living area or impressive entertaining area. The best part of the unit is is the pool which is valued at a $120k upgrade.
The current sellers have maximized the use of their unit. They deliberately choose to use the Mauka bedroom as their master because of the cool trade winds that blow down from the mountain. The unit has been outfitted the most expensive developer upgrades and is evident throughout the unit. Some upgrades include: outside shower, lanai barbecue, extended tumbled travertine lanai, electric sun shades on downstairs lanai, and built in bookshelves in the den/third bedroom.
Listed at $1,875,000
Kai Malu Listings by the Sayles Team
Our listing, Kai Malu 22B is in a fantastic location in the community with an ocean view corridor from the back lanai. When the sun sets, the cotton candy kai skies reflect off the ocean to create a picturesque Wailea view. The complex sits at a higher elevation than some of the Wailea condos for sale, so it is able to take advantage of the view. The community has access to arguably Wailea’s prettiest infinity and is a great focal point for the community.
Only 1/3 of the units at Kai Malu have the ‘Honua’ floor plan, with the favored ground floor master suite that supports single level living. The 2 upper level bedrooms are also quite roomy, offer excellent views, and share a spacious well-appointed bathroom.
Listed at $1,445,000, a $50k price reduction off its original list price
Perfectly framed ocean view from the lower lanai that will inspire you. Unit 22B has been professionally decorated and offers both an elegant and contemporary Hawaiian feel. The kitchen features GE Monogram stainless steel appliances, gorgeous cabinets, and granite counter tops for your modern cooking convenience.
The upgraded downstairs lanai has custom travertine which transitions nicely to a private greenbelt area. This indoor/outdoor living arrangement makes 56 Kai La the perfect home for entertaining your friends and family.
Brought to market in early February, Kai Malu 51B is an awesome 3 bed, 2.5 bath, 1852 sqft unit with two floors of luxurious living. This property is especially special because of the large fenced in yard it sits on which is double the typical the Kai Malu yard. The outdoor lanai has been custom designed to take advantage of the large yard by adding an additional 4 feet of lanai space. With a ground floor master suite of the ‘Honua’ floor plan, this type of unit is valued for its convenient layout.
The unit was first listed in the $1.4 million range and needed to undergo some price reductions before it was able to attract serious interest. Upgrades to the unit include: crown molding, cherry cabinets, lofted ceilings, central air conditioning, and GE Profile stainless steel appliances. After about 7 months, the unit finally entered escrow and closed for $1,275,000, more than $150k off original asking.
Kai Malu Market Update 2017
The Kai Malu market experienced a great year with 13 sales worth $17,485,000 in total sales volume. Although the market averaged more than 1 sale per month, not all sales happened in each month of the year. The sales came sporadically throughout with the latter half of the year being the most productive. 75% of the sales came in July or later with October, November, and December being particularly productive; January, March, May, and August saw no sales. Interestingly, 66% of the units sold within 6 months of the market, while all units sold within 1 year of being listed.
The sales this past year in 2017 tell an interesting story; 10 of the 12 units sold were all in $275k price range from one another. The sales of these 10 units tend to be clustered in the lower end of the market where they sold for around $650-$750 price/sqft. Two units sold in excess of $1.5 million and is just about the price point that the upper end of the market fetches.
- Number of Kai Malu condos sold: 13
- Average sold price: $1,345,000
- Highest priced unit sold: $1,765,000
- Lowest priced unit sold: $1.1 million
The Kai Malu market is full of inventory at the moment with a total projected sales volume of $11,993,900. All of the units for sale represent the mid to upper to of units available at Kai Malu, so buyers should be willing to spend that kind of money if they want to get into Kai Malu. A few have been on the market for quite some time now and represent excellent options to write tempting offers for. The bulk of the units are priced in the $1.3 and $1.4 million range, while 1 is listed in the $1.5 million range and another listed above $1.85 million.
- Number of Kai Malu condos for sale: 8
- Average asking price: $1,499,237
- Highest priced unit for sale: $1,875,000
- Lowest priced listing: $1,329,000
Contact a South Maui Real Estate Specialist
Enjoy amazing Wailea nights amongst flickering of tiki torches and soothing waterfalls
If you’re interested in learning more about our private collection of listings, please contact our team for more information. We specialize in the most exclusive Maui Real Estate including the Makena Wailea resort areas. Our team of exceptional agents are ready to find you your perfect Maui lifestyle property. We respect your privacy and look forward to connecting with you soon. Mahalo!
Anthony Sayles R(S)