Soaring Above the Pool: Ho’olei Villa 81-1
I am so happy the team was able to close on this deal so quickly, we were able to enter escrow on the final day of the listing contract for $2,850,000 cash. Our buyers were extremely pleased to find a Ho’olei that they believe is suitable for their needs. We are the experts in the community and we work hard to think creatively in securing Ho’olei units for our clients. Being involved with Ho’olei since it’s inception has allowed us to complete all kinds of deals in the neighborhood and we are always eager to represent buyers or sellers in Ho’olei transactions. This deals marks 4/5 deals we have been involved in so far this year in Ho’olei.
Ho’olei offers exceptional value and amenities, and Unit 81-1 is uniquely situated to offer the best blending of both. Poised above the lush tropical pool and recreation area, the landscaping, lighting and tumbling waterfalls combine to create a peerless ambiance. Ho’olei 81-1 features the largest floor plan and a separate, private grand entrance.The elevation provides a lovely ocean view, yet offers easy access to the pool, spas, workout facility and the beach fronting the Grand Wailea Resort. This is an ideal combination of elements for a perfect island resort experience. Elegant, spacious, turn-key. Fully and impeccably furnished (all artwork included) with established owner-inspired rental roster. This gracious residence is a very popular upscale vacation rental, so please allow as much notice as possible for viewings.
Ho’olei Real Estate
As I touched on before, there have been 5 units sold so far in 2015; 4 of which we were involved in and looked to our exclusive Ho’olei database to either procure the listing or reach out to potential buyers. As we begin to round out the rest of the year, five is certainly on the low end and something we are not too pleased about. However, the resort area is really responsive to the tourist seasons and we do expect more activity to pick up as we approach the holiday season and second home residents make their way out to sunny Wailea to escape the cold!
The pool at Ho’olei
The average going rate for a Ho’olei as of now is a little below $2.6 million, that figure is a little lower than what we’ve been seeing for the last few years because of the type of inventory that has been trading hands. Typically a few top row units which usually sell for around $3 million and above have not been moving this year, partially due to a decline in Canadian visitors as they struggle with their currency values and oil prices (article coming soon on that topic). However with recent business trips to Asia and across the US, we are positioned nicely to leverage international markets and are able to call on our contacts in the US.
Each building is made up of 6 villas with their own 1 car garage
At the moment there are 6 active listings in the neighborhood representing an average list price of $2,800,666. The lowest priced unit is our listing on the first tier, but during busy season it’s booked completely with rental reservations so this unit represents a good investment. On the high end there’s a top row unit that has been listed for over a year now without any price reductions. The median list price is $2,789,500 suggesting that there isa good amount of top end inventory up for grabs. Generally the higher prices are a reflection of unit’s view and prestige among the community.
Ho’olei Real Estate
57 MAKAKEHAU ST #J2
69 MAKAKEHAU ST #I4
69 MAKAKEHAU ST #I3
63 HOOLEI CIR #B2
Complete Ho’olei invetnory
Contact a Maui Real Estate and Lifestyle Specialist
Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born and raised on the island, and spend a considerable amount of time to inform my clients about the best deals currently on the market. Please do not hesitate to call me for your Maui real estate needs. I am more than happy to assist you in your home search.
Aloha,
Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com