Remodeled & Spacious Wailea Elua Villa 2109
Brought to market in December of last year, this Wailea Elua unit was initially listed at $1,749,000 and sat for about 3 months before the sellers decided to reduce the list price by $60k. The unit was last sold in 2005. After a month of being listed in the $1.6M range, the unit finally went into escrow after 6 months on the market and the unit eventually sold for $1,570,000 cash. The sellers put a tremendous amount of work into the units and the upgrades elevate the unit to a top tier villa in the complex. This particular unit carries a $1500 monthly maintenance fee, but the ability of the unit to be rented as a short term rental can help cover monthly expenses.
This fabulous end unit boasts ocean views from both the main living area and the master suite. This is one of the largest floor plans in all of Wailea Elua, including an expansive lanai that runs the entire length of the front of the unit. This unit was completely remodeled in 2009 with well appointed designer finishes including a gourmet kitchen, travertine flooring, crown moldings, custom tile work & free standing vanities. Several unique features make this unit stand out above the rest and they include; two lanais, the coveted double car garage, a rare private back yard with lush landscaping, and garden-view bay window. Great rental history and revenues.
Wailea Elua Market Update
At the moment, there are 5 Wailea Elua Condos For Sale representing an inventory of $8,858,000; the average asking price of a unit for sale in the complex is $1,771,600. Right now the lowest priced unit for sale is listed at $1,225,000, it is a first floor unit in rather original condition with 1 bed, 2 baths and 940 square feet. The highest priced for sale is priced at $2.1 million, it is a top floor corner unit with upgraded glass lanai panels, offered fully furnished, 2 bedrooms, and 2 baths.
There also two units that went into escrow during April and May, they are both valued in the $1.8 million range.
This year to date, there has only been one unit sold in 2016 and it is the unit (villa 2109) featured.
In 2015, there were 6 units sold for a total sales volume of $9,380,000 with an average sold price of just over $1.5 million. The lowest priced unit sold for $1.1M, it has expansive ocean views, large lanai, exquisitely furnished, completely remodeled, vaulted ceilings, an expanded kitchen area. The highest priced unit to sell sold for $2.1 million, it was a rare & spacious 3-bedroom, 2-bath, desirable enclosed garage & ample storage space, with 2 extra-large lanais for indoor/outdoor living, entertaining & watching dramatic sunsets.
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Some Ho’olei condos for sale offer majestic views
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Mahalo,Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com