Ho’olei Summer Vibes
The tough part about Ho’olei is a lot of our clients that do purchase in here are not from the islands. Many of them have other obligations back on the mainland or abroad to handle once they leave, hence many transactions close after the visiting season (spring, summer, winter) has passed and they’ve had time think over their purchase decision. However, we strongly encourage and prefer our clients to be ready to act fast if they want a property. There are many buyers out there who patiently wait for their ideal property; once its on the market, they swoop in with a handsome cash offer.
The view from a prized top row unit
This year to date, there has only been three units sold for an average price of $2,440,000. $2.4 is not a bad average sold price, but historically that figure has been closer to $2.6+ million. There is still 6 more months left in the year to compile more transactions, it isn’t uncommon for a Wailea condo market to heat up and make the bulk of its deals in a matter of months. The Ho’olei market is a sweet spot in the Wailea Resort, it’s priced just high enough to keep a certain level of exclusivity but not high enough that turnover is rare. Last year there were a total of seven units sold for an average sold price of just over $2.7 million with 5 of the sold units over the $2.7 mark.
Sold by the Sayles Team: Ho’olei Villa 99-4
After originally receiving the listing back in the summer of 2014, we are proud to announce that we were able to agree on a final price of $3 million with the buyers. We originally listed Ho’olei Villa 99-4 at $3,325,ooo back when the market was maybe a little hotter than it is at this point in time. The long days on the market is not a reflection of the quality of the unit but rather how quickly a specific condo market can cool off. It’s not out of the ordinary for high end properties to sit on the market, there is a finite amount of buyers that can afford the purchase price and the carrying costs. However, if the unit is rented correctly and efficiently, a lot of the rental income can go a long way helping ease the carrying cost. With just over 2600 square foot of living area excluding lanais, the unit is very spacious and can easily accommodate a family of 5-7 (depending on bed arrangements).
Special properties like Ho’olei Villa 99-4 rarely become available. This iconic home is situated on the very top of the last resort-zoned development in Wailea, Ho’olei at Grand Wailea Resort. The view is spectacular – with panoramic ocean vistas looking out towards the Molokini crater and the island of Lanai. Designed by a prestigious interior design firm, this villa is both tasteful and comfortable. Custom wall colors and lighting on dimmers combine with the palate of the Snaidero cabinetry and thick granite counter tops perfectly. Two Sub Zero refrigerators, four freezers Wolf stainless steel appliances and grill add to the luxury feel of this contemporary kitchen.
Thick dual-paned Fleetwood glass doors magically retract into the wall to reveal a allow access to the lanai. This indoor/outdoor living arrangement makes it perfect to enjoy your meals on the lanai with the soothing sounds of the ocean and breezes coming through the home. Ho’olei is a very special development, with options for daily rental coordinated by the Grand Wailea Resort. You and your guests will enjoy a unique experience with the benefits and amenities of the Grand Wailea Resort while staying in a beautiful residence. Don’t miss out on this unique opportunity to own the perfect piece of paradise. Finely appointed and being offered fully furnished.
Ho’olei Villas For Sale
At the moment there are 9 active listings in the community representing a projected sales volume of $26,469,000. The average list price of villa sits at$2,941,000, in fact 8 of the 9 listings are over $2.7 million. We represent the highest priced listing at $3,495,000, it is a premier unit sitting on the third row with arguably one of the best views in the entire complex. We also happen to represent the lowest priced unit at $2,150,000, it is on the lower tier of the community representing one of the greatest values in the community.
57 MAKAKEHAU ST #J2
69 MAKAKEHAU ST #I4
69 MAKAKEHAU ST #I3
63 HOOLEI CIR #B2
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