For some time, I slowly watched this property undergo renovations with the exterior face lift being the most noticable work down. When I would drive by Makena Place, it was easy to see how much work, time, and energy went into the remodel; I thought to myself, some heavy investment was going into the property and level of work being done must be some of the finest quality. So when I saw this property hit the MLS, it’s always interesting to see if imagination matches reality. The community actually falls under the residential condo designation, so the properties are identified by lot# or unit#. This particular unit actually was sold a few years back and is now avaiable for $13,975,000.
This 4 bedroom 4.5 bath oceanfront home has been beautifully renovated with a new kitchen and great room redesign. This home sits majestically at the ocean. Amazing views of turtles and whales right off shore to captivate your days while sitting on the large covered lanais overlooking the serene pool. This home is situated within the Makena Place development with the most sought after location…lot 10 which has a secluded side yard and easy access to the ocean. It is said one of the best features of Makena Place is the on site property manager that handles all the details of your Maui home while you are not here with painstaking detail. He has been on property since it was built and understands the nuances of the Makena Place better than anyone.
Makena Place Market Update
Since 2014, there have been no sales in the Makena Place neighborhood. The last sale to occur was for $9.3 million; it was directly beachfront and moved after 135 days, rather quick for a property in that price range. There was also another sale for $6.5 million, it closed fore more than $1 million under list price.
Then from 2011-2013, sales occurred every year; so from 2011-2014 was the most active period in recent Makena Place sales history. In that time, a total of 7 properties were sold for an average sold price of 8,011,595.
The mini beach fronting Makena Place
Estates for sale in Makena Place are extremely rare as it is a prized Makena community to get into. There are only 10 properties in the entire community and owners are reluctant to sell because every property in the gated community is a trophy property.
The last time a property in Makena Place was on the market was in 2015, but the listing was eventually cancelled.
Contact a South Maui Real Estate Specialist
Our team has had the distinct pleasure of being able to be part of the Ho’olei community since its inception in 2005. We’ve been located on site 7 days a week for the past 5 years. It truly brings a smile to my face seeing first time guests, returning clients, and full-time residences embrace and wholeheartedly love 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.
Mahalo,Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com