Skip to main content

Maui Real Estate Resources

The Maui Real Estate Blog

In Escrow: Desirable Wailea Elua

Rare Three Bedroom Condo: Wailea Elua Unit 904

The unit came to market on the very first day of October and already had an offer within the week. I do not know any specifics and I am purely speculating here, but the offer must have been very close (if not a full price offer) to the list price of $2,175,000 with very attractive escrow terms. Typically when a condo of this stature hits escrow this quickly, the offer is all cash or the amount put down by the buyers is very substantial.

Rarely available and first time on the market!! This three bedroom, two bath ocean view Wailea Elua Village condominium is one of only 16 three bedroom units in the complex This condo is situated in the highly sought after “inner circle” with only lush landscaping and walking paths separating you from the blue Pacific ocean and the white sands of Ulua Beach. Upper unit with spacious floor plan of over 1600 square feet, and two lanais, separate dining room, large storage closet, 2 outdoor storage closets and central a/c.


MAUI362229B MAUI362229T

Enjoy those amazing sunsets and great ocean views from this well maintained and lightly used originally owned condo. Unit 904 is in a great location that is just steps to the beachfront pool pavilion, fitness center and beach. Quick access to the Wailea Beach Walk which runs along the front of the Elua complex and will take you to any of the five resort hotels and the Shops at Wailea where you can enjoy dining and shopping.


MAUI362229D  MAUI362229G

Wailea Elua is a gated community with 24 hr. security personnel on site, two pools and beautifully landscaped grounds, with the availability to vacation rent or use as a full or part time residence. The Wailea Resort offers golf, tennis, shopping, dining and golf membership is available with ownership at Wailea Elua. Seller to pay full current assessment of improvements to the exterior buildings. Wailea Elua Village is the premier choice for oceanfront Maui living.

Wailea Elua Real Estate

This year to date, there have been five Wailea Elua condos sold. If these condos are priced they move very qickly because of their proximity to the beach and short term rental vacation ability. The units here have a lot of upside as the rental income can potentially offset a majority of the operating expenses and the appreciation value is high.


Second highest priced condo sold in 2014 for $3,710,000

The average sold rate of these condos sits at $2,452,170, not a bad average but certainly a little steep. The barrier to entry based on the 2014 statistics is $1,232,500 for a 945 square foot condo on the upper slopes furthest away from the ocean. The highest priced condo looks to be a non MLS listed property that sold for $3,850,000. Totals sales volume for 2014 sits at $12,260,850 with that number expected to grow in the coming months. There are also two more units escrow listed at $2,175,000 and $1,295,000.


Unit 305 sold for $1,700,000

As of today, there are eight active condos for sale in the community representing a total project sales volume of $15,924,000. The lowest priced condo is listed for $1,250,000, but judging from the specs, a buyer could probably pick it up for under it’s listing. Just how much under list price depends on how good your realtor is. Theres no doubt about the highest priced condo at $2,995,000, it is a gorgeously remodel unit with some of the best finishes in the neighborhood. However, the unit has been on the market for a little over 4 months now and looks like there is some room to negotiate. I do warn that the price is probably more firm due to the quality of upgrades. The average list price is just under $2 million at $1,990,500.

Highest Priced Condo: Unit 2204

Nestled within the quiet & pristine oceanfront complex of Wailea Elua, encompassed by the World Class Destination Resort of Wailea is this ‘Crown Jewel’ that boasts a ‘Total Makeover’ whereby the owners invested over 1/2 million dollars, and the unit is now valued at $2,995,000. Panoramic Ocean & Outer Island Views abound from this Prime & Pristine location within this revered, guard-gated oceanfront complex.This upper-level unit was Selected First in the Lottery when this phase of the complex was built due to its private garden setting & exceptional view corridors.


The finest finishes with complete attention to quality craftsmanship were used throughout this remodel including book-matched Sycamore cabinetry, Travertine floors set on the bias, specimen granite counter-tops, cast-glass irridized back-splash tiles, the finest appliances, coffered & vaulted ceilings with recessed halogen lighting, fabulous custom built-ins, central air-conditioning & all new electrical & plumbing throughout, not to mention the fine quality tasteful furnishings.

360861_12  360861_2

This property must be seen to be fully appreciated. It is truly ‘one of a kind’ & arguably the finest remodel in Wailea Elua. Wailea’s amenities include golf, tennis, fine shopping & dining, plus every ocean activity imaginable. Come Enjoy & see for yourself.

Lower Priced Condo: Unit 303

Stunning ocean and outer island views from this ground floor unit at Wailea Elua 303 for $1,300,000. Enjoy amazing sunsets year round, whale watching, paddle boarding, diving, snorkeling and the white sandy Ulua Beach-one of Maui’ most gorgeous beaches! Unit #303 has a very large covered lanai with lots of green space and tropical landscaping creating impressive privacy.


356884_20 356884_12

This low density complex has one of the most desirable locations in Wailea and has a great rental potential. Elua boasts two pools, recently renovated clubhouse and fitness center and a gated entrance with 24 hour security. The Wailea beach walk pathway will take you right over to world class shopping and dining just a few steps away.

Contact a South Maui Real Estate Specialist

We’d like to extend an invitation to you to stop by our on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM–5:00PM.

Our team has been blessed with the opportunity to have been part of this luxurious community since its infancy stages back in 2005. We’ve been in the in house sales team for the past 6 years. It truly brings a smile to my face when I see first time guests, return visitors, and full-time residences who embrace and wholeheartedly love their Maui lifestyle.


Anthony Sayles

(808) 280-6532

Leave a Reply

Your email address will not be published.

Follow Us On Social: