No stranger to the Market, Polo Beach Club Villa 108 has been on and off the market over the last few years. Buyers should keep in mind that this unit is not the finished product and would greatly benefit from some TLC and modernization. However, the unit holds tremendous upside at a very attractive list price of $1,685,000, which leaves room for renovations.
Rarely do Polo Beach Club units come on the market and if ever, never at such an attractive list price. The real investment is in the units ability to be rented as a short term rental; it would be a great rental unit because the lanai provides easy beachfront access to Polo Beach, the green area just off the lanai acts as a backyard for the children of guests to enjoy.
Enjoy the gorgeous ocean view from this private ground floor location. This special unit feels more like a personal home while enjoying the oceanfront amenities of Polo Beach Club. Nicely decorated with a great rental history, this unit is perfect for the family or couple who want to enjoy their oceanfront investment while taking advantage of the nightly rental option.
The “endless lanai” allows the enjoyment of the expansive north lawn which drops into the sunset view of the ocean and island of Lanai. Fully furnished, the master bedroom has a king sized bed and flat screen television with an ensuite master bath. The second bedroom has two queen beds and has access to the full bath aoff the hallway. The living area is spacious off the kitchen which features new appliances and Koa wood cabinets. Central AC is brand new.
Polo Beach Club Market Update
This year to date there has been 3 closings in the Polo Beacg club complex for a running sales volue of $6,250,100. All three units were in the upper levels of the complex with floors 7 & 8 commanding premium selling prices because of their ocean views over South Maui out towards West Maui. The average going rate for a unit is $2,083,366, which is reflective of the barrier to entry into Makena. All 3 units were two bedrooms and two baths with around 1200 square feet.
Views from a 7th floor Polo Beach Club unit
The highest priced unit sold for $2,350,000. It was a pocket listing that was never publically for sale on the open market. It was a pent house unit with the best views available and surely represnts a premier unit in the complex.
The lowest priced unit for sale closed for $1,900,100 after a quick 2 week escrow, the final sale price was more than $400k off its original list price. A splendid lofty and cool 7th floor location just one stack from the prime ocean front gives the unit renowed South Maui views.
The exclusivity of Polo Beach is reflected in the amount of inventory on the market. It’s rare to see Polo Beach Club units come to market. If they are priced right, they’ll move quickly with cash offers and quick escrows.
- Number of active Polo Beach Club listings: 3
- Average asking price: $2,220,000
- Lowest priced unit: $1,685,000
- Highest priced unit: $2,750,000
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