Affordable Grand Champions for $500,000
We are so proud to announce that we have secured our clients an almost unheard of deal in the Wailea Resort. This Grand Champions condo was originally listed at $529,000 to begin with and we were able to close them at $506,250 with a two month escrow. The home was on the MLS for a little over a month before our clients decided to write an offer. I advised my clients to act quickly if they wanted the property because with a list price the low, it was only a matter of time before other buyers would act.
The condo is one bedroom/two bath with just under 1000 square feet. As you can tell, the lanai offers soothing golf course views at an unbeatable price. The low purchase prices affords the owners with some extra cash to put into renovations and place the finishing touches on their new condo. The unit is also vacation rentable providing some nice cashflow to help pay for carrying costs. All in all, I’d say what a deal!
Market Update
2014 was a fantastic year for the Grand Champions Real Estate market. With 12 units sold last year, it was good enough for an average of one condo sold per month. 2014 sales volume totaled $6,612,100 with an average sold price of $551,008, an affordable entry price considering it is the Wailea Resort. The lowest condo sold in 2014 closed for $460k, $90,000 off the list price! The most expensive condo sold was a spacious remodel that closed for $655,000. The median sold price of the community was $565,000.
At the moment, there is not a lot of inventory to choose from, which is pretty atypical of the community. The average list price of a condo is $677,966 with the lowest listed at $539k and the highest priced at $830,000. There are also two other units that are currently sitting in escrow.
Highest Priced: Unit 90
Probably one of the best locations in The Grand Champions, this 2 bedroom 2 bath condo offers an amazing view over the Golf course and out to the ocean for $829,000. Beautifully refinished kitchen and living room with a refined contemporary flair that you will fall in love with as soon as you step through the door. This condo is currently a strong vacation rental and will be easy to show when vacant. 
The Grand Champions features two pools and is walking distance to the Wailea Tennis club as well as several restaurants and world class shopping. And only a few minute drive to 13 beaches and 4 golf courses.
Quaint & Cozy: Unit 47
This 2-bedroom, 2-bath with lock-off feature at the Grand Champions Villas is a timeless beauty and is listed for $649,000. Decorated with inspiration from the sandy shores of Wailea, this super-neutral decorating palate makes the perfect backdrop for the tropical gardens outdoors, while making the indoor area spacious, relaxing, subtle and sophisticated. This is a natural beauty with colors of unbleached seashells, lots of natural sunlight and west-facing lanai for the enjoyment of gorgeous sunsets.
Fresh neutral beach and sand scheme give this home a relaxed and informal feel that is a cohesive look to maintain. Immaculately kept and shows pride of ownership. Move-in ready, fully furnished, this is your opportunity to own in prestigious Wailea. Make it your home, your home away from home, or a vacation rental.
Lowest Priced: Unit 108
Great value on this 1 bedroom , 2 bath Grand Champions unit for $539,000. Conveniently located towards the beginning of the complex. This vacation-rentable condo also has a wonderful view of the ocean. The Grand Champions features 2 pools and is walking distance to the Wailea Tennis Club as well as several restaurants and world class shopping and only a short drive to 13 beaches and 4 golf courses.
Contact a South Maui Real Estate Specialist
Our team has had the amazing opportunity to have been part of Ho’olei 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 9:00AM – 5:00PM.
Mahalo,
Anthony Sayles
(808) 280-6532
Anthony@DanoSayles.com