Brought to the market at the end of last month, Papali Wailea Villa 6 is the first 2018 listing in Papali Wailea and the only active listing at this time. Sitting at a slightly higher elevation in Wailea than some of the other complexes which means the unit is able to offer great views from the living room and outdoor lanai. Spread across one floor with 2386 of interior square footage, the villa is by no means small and is wonderfully designed with vaulted ceilings that create a spacious feel. The wood tones throughout are nicely complimented by modern finishes that create an upscale beach and hawaiian style vibe.
As a standalone unit, the property combines the benefits of a single family home with condo living; yard and common area is covered in the monthly maintenance fees and you are able to enjoy the luxury of your own home and do not have to share any common walls. With 3 separate lanais, outdoor space is plentiful where the lines of indoor and outdoor living are non existent. Offering 3 bedrooms and 3.5 bathrooms, there is plenty of space in the unit for everyone.
Listed at $3,375,000
With amenities including an on-site manager, 75 foot lap and infinity edge pool with oversized Jacuzzi and state-of-the-art fitness center, this property offers the height of relaxation and enjoyment. Sitting on over 10 acres of tropically landscaped grounds, it is shared with only 24 other residential condominium units with spectacular ocean views.
Papali Market Update 2018
Only 1 month in to 2018 and Papali Wailea has already seen one sale so far. I would not be surprised if it is the only listing sold here in 2018, but with a brand new listing, we may see another sale.
Unit 20 that sold just a few days ago closed for $3,381,000 at full asking.
Papali Wailea Market Update 2017
Last year, the Papali Wailea had a great year considering no units were sold in 2016 and only 8 units have been sold since 2013. The lack of sales in the community is due to the virtually non existent inventory. At times, there may only be 1 or 2 units for sale where it isn’t uncommon to see no listings for sale in the community. To put in perspective, 66% of the units sold last year were purchased in off market sales which means that the sellers never actively put their unit up for sale before it was sold.
The units here cannot be rented out on a short term basis, so that deters a fair amount of buyers because some like the option to rent out their property while its not being used. On the other hand, some buyers like the non short term rentable communities because of the extra privacy and low density. One of the best features of Papali Wailea is their infinity pool because of the bluff it sits on that overlooks most of Wailea and beyond. Each unit here is exactly the same floor plan where the only difference is the finishes in the unit and location in the complex which slightly impacts the ocean views.
- Number of Papali Wailea units sold: 3
- Average sold price: $3,191,666
- Highest priced unit sold: $3.4 million
- Lowest priced unit sold: $2,975,000
- Number of units in escrow: 0
Papali Wailea Condos For Sale
With only one unit for sale (as of 2/1/18), buyers do have no other options in the community for the time being. Some more units may come to market throughout the year, but the best way to stay updated is through our Papali Wailea new listing alerts.
Contact a South Maui Real Estate Specialist
Our team has been blessed with the amazing opportunity to have been part of this luxurious community since its inception back in 2005. We’ve been the in house team 7 days a week for the past 5 years. It truly brings a smile to my face when I see first time guests, return visitors, and full-time residences embracing their Maui lifestyle.
We’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 10:00AM – 4:00PM.