Now Pending: Wailea Palms Unit 3108
After being relisted in early September, Wailea Palms unit 3108 has been on the market for quite some time when factoring in the first listing contract. Considering the quality upgrades and recent renovations, I’m surprised the unit has been on the market this long. I personally like the residence for the ample lanai space, it’s the perfect spot to take advantage of the Wailea weather and tremendous South Maui views. The condo is currently listed in the MLS for $1,095,000.
Tastefully remodeled unit at Wailea Palms. Great ocean and West Maui mountain views from the large lanai. This unit is being sold completely furnished and ready for your personal use. Wailea Palms is a residential gated complex that does not allow for short term rentals. All concrete construction that has been well maintained since it was built. The pool deck was refinished in 2012. The complex offers an astro turf putting green, workout room and common BBQ area that can be reserved for your own private gathering.
Market Update
The Wailea Palms condos are strictly a long term resident complex, attributing to the low turnover rate compared to the other Wailea condos in this price range. So far, there has only been five condos sold in 2014; however, that number is actually more realistically four because one of the closings entered escrow in mid November of 2013. Of the other four condos that sold they all came in the latter half of the representing a total sales volume of $3,485,000. The lowest priced condo sold for $710k after originally being listed for $740k, the condo is set a bit higher up in the community. The highest priced condo is a premier unit with over 1500+ square feet of square feet, it closed for $1,100,000 cash after over 6 months on the market.
Amazing infinity pool at the community clubhouse
At the moment there is a nice amount of inventory for buyers to choose from, with 8 units available in all representing a projected sales volume of $8,437,000. Considering the amount of condos, the price range open to buyers varies almost $500k. At the low end, buyers can pick up a sold unit with 2 beds and 2 baths for $795,000; a pretty high barrier to entry into this community but it is a valued unit with 1100+ square feet. The highest priced unit is a very well maintained and large unit with ample lanai space, the MLS lists it at $1,255,000. Both units are priced above what they can be bought for in a stagnant market, but with many buyers flooding the market, prices are on the rise.
Highest Priced Condo: Unit 2802
Ocean views at Wailea Palms for $1,255,000. Situated on the second floor in a private location, this spacious 1,559 sq. ft. unit offers two master suites and three full baths with an open floor plan that affords spectacular ocean views. Wailea Lifestyle awaits with three world-class golf courses, the Wailea Tennis Center, ocean sports, shopping and dining at The Shops at Wailea – all of this within easy walking distance to Wailea Palms. Tastefully decorated and only 5 minutes from some of the finest beaches in the world, this condo affords you the Lifestyle that Wailea has to offer.
Stunning Views: Unit 3606
This 2 bedroom 2 bathroom Wailea Palms unit boasts a tranquil and peaceful setting with wonderful ocean views and sunsets for 3606. Located on the North side of this 14.5 acre property providing a quiet and calm setting conveniently located just steps from the pool. Wailea Palms is a very low density 16 building gated residential condominium complex. The apartment has been tastefully upgraded, well maintained and is going to be sold completely furnished.
Some of the features in this unit are slide out drawers in all the kitchen cabinets, New Kenmore, Kitchenaid, and Bosch appliances, Custom built hand crafted wood office desk with matching closet system and a beautiful murphy bed. As a bonus there are an abundance of built in storage cabinets throughout. A few of the hotel like amenities include a large Salt Water Pool, Jacuzzi, Pool Pavilion, BBQ Area, outdoor kitchen, gym, putting green, and onsite manager.
Lowest Priced Condo: Unit 2504
A great 2 bedroom 2 bath unit in the desirable Wailea Palms for $795,000. This upstairs unit is bright and sunny, has some ocean views from the lanai and master bedroom, but otherwise looks out onto the lovely grounds of this 7 acre complex. Fully furnished and ready to move in, this unit is in great condition with new carpeting and a new refrigerator. The Wailea Palms boasts a beautiful pool, lovely bbq and recreation area, an exercise room, and an excellent location. Wailea Palms units are not for vacation rentals but serve residents and those who wish to have a lovely second home on Maui.
Contact a South Maui Real Estate Specialist
Enjoy amazing Wailea nights amongst flickering of tiki torches and soothing waterfalls
Our team has been blessed to have been part of this extraordinary community since its creation in 2005. Our real estate information office is located on site and is open 7 days a week. It truly brings a smile to my face meeting first time guests, return visitors, and full-time residences that love and embrace the 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 9:00AM – 5:00PM.
Mahalo,
Anthony Sayles
(808) 280-6531
Anthony@DanoSayles.com