First time on the market, 168 Hokai Place resides in the gated community of Alii Lani Estates, an enclave of only six custom built homes for your ultimate privacy; Alii Lani Estates is then located within the neighborhood of Kilohana Hema. The home was originally built in the late 2000’s and has been immaculately maintained over the years. Every inch of the home has been designed with an eye for detail and boasts rich design in the little things. The open concept floor plan, true indoor/outdoor living, and a separated master suite with access to the lanai define this island retreat.
The location of the community is one of kind. It sits on the border on the Kihei side of the Kihei/Wailea divide. In other words, the community boasts Wailea luxury homes with Kihei price tags. The home is listed at $2,377,000.
Located on a corner lot, the estate boasts quality construction and the finest in building materials are apparent throughout. Centrally located, the gourmet kitchen features; gas cook top island, double ovens, sub zero wine storage, additional under counter double drawer refrigeration, instant hot water system, large walk-in pantry, and a wet bar. The outdoor living space is impressive with a heated salt water pool, unique pebble bottomed spa, beautiful covered lanai and very well appointed outdoor kitchen. Impeccably maintained, this home’s added features include a 6 zone SONOS streaming audio system with 30 speakers throughout, an additional 8 speaker home theater zone is located in the family room.
Kihei Homes Market Update
The Kihei residential market is an incredibly diverse market with homes ranging from modest and quaint single family homes to sprawling and majestic Kihei beachfront estates. The further you move into Kihei towards Wailea, the newer the (majority) homes are with a few newer developments standing out as premier subdivisions. So far in 2016, the Kihei real estate market is totaling a running sales volume of $112,112,768 with an average sold price of $747,418. Less than 10% of the homes sold this year have been in excess of $1 million. Year to date, there have been 150 homes sold in Kihei with a further 29 units in escrow. Only one beachfront estate has been sold above $5 million which resides on the Kihei/Wailea border.
Great ocean views from the Kilohana neighborhoods
The highest priced home sold for $8 million which was more than $1 million off its original list price. It was a classic Maui beach cottage, the true value of the property is in the land. It possesses about 90 linear feet of direct oceanfront access with the cottage constructed in the 60’s. A perfect canvas to create a master piece, or the perfect place to unplug and enjoy the bare essentials on South Maui’s best beach.
The lowest priced home sold for $280,100, a few thousand above asking price. The property was a great opportunity to own a 4 bedroom/ 1.5 bathroom home in a convient Kihei location with the oppourtunity to make it your own. Property was built in 1975 and was in original condition. It sold as an REO.
The Kilohana area consists of three separate neighborhoods. Kilohana Ridge is one of Kihei’s most sought after neighborhoods for many reasons. The neighborhood is just a street over from Kilohana Waena and Kilohana Hema; sister neighborhoods in almost every aspect besides price point and construction. Both Waena and Hema are custom homes, while Ridge was developed by Towne Island Homes back in 2003.
- Number of homes for sale: 6
- Average asking price: $1,520,000
- Lowest priced unit: $995,000
- Highest priced unit: $2,377,000
- Number of homes in escrow: 1
Contact a South Maui Real Estate Specialist
Ho’olei’s community area
Our team has been blessed with the amazing opportunity to have been part of this luxurious community since its inception back in 2005. We’ve been the in house team 7 days a week for the past 9 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.