After about 3 months on the market, Wailea Beach Villas penthouse #207 went into escrow last Thursday. This recent activity is another great sign for the local real estate market in South Maui. The Wailea Resort continues to lead the entire island of Maui in high end luxury sales.
Great Room in WBV Penthouse 207
This unit is currently the only Wailea Condo pending over 2 Million. The ability for homeowners to do short term vacation rentals at the Beach Villas makes this neighborhood one of most highly sought after Wailea properties.
The Wailea Beach Villas is located in the heart of the resort
According to the Honolulu Star Bulletin, Hawaii’s hotel industry kicked off 2013 in record-setting fashion, reaching new highs for average room rates and total revenue. In January, statewide hotel occupancy climbed to 80.7 percent, up 1.7 percentage points from a year earlier. The strong demand allowed hoteliers to increase their average daily room rates by 11.3 percent year-over-year to $231.02, a new record.
For more information about the available units for sale at the Wailea Beach Villas, please call me directly as I specialize in representing buyers in this community. Aloha, Anthony