The unit was previously listed last year in 2015 without success and has now been brought back to market in late August, Wailea Elua Villa 1002 is hands down the best unit on the Wailea Elua market. Perched less than 100 yards to the sandy shores of Ulua/Mokapu Beach, the villa’s front row location is an ideal spot to capture those epic Maui sunsets. Along with the world class location, comes a hefty price tag of just under $4 million.
The unit boasts more than 300 square feet of lanai space and it will probably end up being one of the most used living spaces of the condo. The outdoor living space is absolutely magical as it spans the oceanside of the lanai and makes for a very relaxing place to hang out on sunny Wailea days. The unit carries a monthly maintenance fee of $1310 and although it is a steep expense, the complex is short term vacation rentable and oceanfront units can command top dollar.
Direct Oceanfront Wailea Elua! Fresh ocean breezes, a panoramic ocean and outer island view, and manicured green lawn are unforgettable from this prime oceanfront second floor, 2 bedroom, 2 bath residence situated at the edge of Wailea Elua. The open design living, dining and kitchen areas capture the ocean views and breezes, and the wrap-around lanai is perfect for enjoying those views with morning coffee or sunset dinners. Contemporary island style art and furnishings with wood and bamboo finishes throughout compliment the warm tones of the granite in the kitchen, dining area and both bath rooms. Both bedrooms access a separate wrap-around lanai.
Wailea Elua Market Update
In terms of Wailea Elua condos sales, the market has not changed with 3 villas sold so far in 2016.
For a complete market update on sales data, check out our mid 2016 Wailea Elua market update.
At the moment, there are 8active Wailea Elua condos for sale representing a sales inventory of $16,352,998. The average asking price for a vila in the complex is a little over $2 million. 6 of the 8 units listed are considered to be priced in the upper part of the market at $1.7 million.
The lowest priced unit for sale is listed at $1,1995,000. The unit is a 1 bed and 2 bath with 955 square feet; the unit is on the ground floor and has been upgraded with modern touches. The unit could represent a potential investment option if rented on a short term vacation rental basis.
The highest priced unit for sale is the newly listed above. So, the next highest priced listing at $2.3 million is an absolute gem boasting amazing ocean views from its 2nd floor, 2 bed, 2 bathroom location. Totally remodeled to integrate an open island kitchen with expanded bedrooms, Italian cabinetry, granite, marble, tile, glass and lighting to create a comforting design flow.
Contact a Maui Real Estate and Lifestyle Specialist
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