Wailea’s Hot Property

The Kai Malu market this year has been on fire! In 2014 alone, there have already been 4 units sold with a further three more in escrow (two units entered escrow this week) and are expected to close before the end of the month. On average, the going rate for a unit in the neighborhood is $1,453,346. The expected total sales volume as of today (including the three units in escrow) is $9,642,000. A very respectable projection for not even six months into the year.

Unit 52A sold for $1,850,000, a full $100K over the list price!

This year to date, two units have been sold for $1,850,000 and $1,950,000 (the two highest units sold). The average days on the market for the two properties is under one month, 28 days to be exact. Proof that the very best units in Kai Malu are snatched up immediately.

Unit 49B just sold last week for $1,012,500

As of today, there are 8 active units for sale with a current market cap of $10,739,000. The average list price of unit is $1,342,375, up about $40K from last year’s average listing price. Just to give you some perspective, in 2013 23 Kai Malu units were sold for a total sales volume of $28,955,500-one of Wailea’s most active markets.

Kai Malu Real Estate

In Escrow: 321 Kai Malu Pl (59-A)

321 Kai Malu Place is listed for $1,450,000 and is probably in the best location the community has to offer (case and point – the developer’s personal residence is just a few doors away). Situated on a bluff above the 7th hole of the Wailea Blue course, this home has commanding views of magnificent Haleakala sunrises, as well as the sweeping south shore seascape.

Located on the southern perimeter of the community, the location provides ample privacy and tranquility. As an added bonus, the windows face to the Northeast and South, which means very little heat from a notorious late afternoon sun.

In Escrow: 78 Kai La Place (24-B)

Gorgeous Honua model featuring stunning wood flooring in the living room flowing all the way to the ground floor master suite. Lovely Ocean view from living room, lanai and upstairs bedroom. You will enjoy viewing blue Pacific waters, sunsets and the island of Lanai. The open and spacious kitchen boasts granite counters, maple cabinets, stainless appliances, and a pantry. Great room floor plan is perfect for entertaining. The 2 additional bedrooms are spacious and full bath features tumbled marble tub/shower, granite counter and wood cabinet.

Kai Malu offers unparalleled amenities including an infinity pool, jacuzzi, saunas, meditation area, gym and outdoor pavilion with full kitchen that overlook the spectacular ocean and outer islands. Seller holds active out of state real estate license.

For Sale: 42 Kainui Loop (73-A)

This three bedroom, two-and-one-half bath townhouse offers a second story master suite, an attached two car garage and features a gourmet kitchen with granite counter tops, top-of-the-line appliances and private outside lanai with barbeque and is listed for $1,275,000. The spacious master-suite has amazing views, a private balcony, generous closet space and a luxurious master bathroom.

This Top-row unit at Kai Malu has amazing ocean and outer-island views to be captured from both floors. Ground amenities include a 75 foot infinity lap pool with stunning ocean views, well-equipped fitness facility, an Owners pavilion with BBQ and kitchen. This is a developers’ unit and requires the developers’ contract.

Just Listed: 77 Kainehe Place (10-A)

One of the most revered front-row locations in this World Class Wailea gated property and the highest priced unit for $1,895,000. This 3 bedroom, 2.5 bath 1796 s.f. home offers fabulous Ocean, Molokini, Kahoolawe, & panoramic sunset views from the moment you walk through the front door! This homes offers excellent privacy,an extended stone-covered lanai,a spacious fenced yard & its own private exterior in-ground jacuzzi spa.There are cherry cabinets, lofted ceilings, central air conditioning, fine GE Monogram appliances, custom plantation shutters, & gorgeous granite counters.The lower level bedroom can double as a den/office.