As our newest listing, 342 Kualono Place in the Wailea Pualani community is an absolute stunning home and currently represents what the very best money can buy you in the neighborhood. The home was expertly built onto a graded lot, so it sits at a slight elevation that allows the home to take advantage outstanding ocean, outer island, and sunset views from the upper level lanai. Originally built in the mid 2000’s, the home underwent a full remodel from top to bottom and is now reflective of contemporary Wailea designs.
The home was custom built with an intentional design focused around outdoor living. There two distinct living areas for entertainment. The upper living area has an open concept that connects the kitchen and living room which flow nicely onto the covered upper lanai with an alfresco dining area. The bottom living area functions more as the secondary entertaining area when the pool is being used since it is just steps to the first floor lanai, pool, and outdoor lounging area. With 3687 sqft on interior living, 5 bedrooms, 4.5 bathrooms, 342 Kualono Place has plenty of space to stretch out and enjoy the Wailea lifestyle.
Listed at $2,999,999
No luxury was spared in the construction of this spacious home, which offers ample living area on both levels. The private upstairs ocean view master suite includes a large walk-in closet and ample built-in cabinets.
Other notable features include: 8 foot entry doors with etched glass, polished limestone floors, sliding lanai pocket doors, infinity edge pool with spa, Koa wood bar with wine cooler, surround sound system, dual-zone central AC, plus solar electric and hot water.
The gourmet kitchen features GE Monogram gas cooking, double ovens, stainless appliances and soft close cherry wood cabinets. This home is fully furnished, ready to move in and enjoy!
3D Floor Plan of 342 Kualono Place
Wailea Pualani Market Update 2017
The Wailea Pualani market is a desirable neighborhood for buyers to buy into in because of the two convenience entrances/exits, proximity to the beach, and attractive purchase prices. So far there have only been 3 homes sold this year, which is 1 less home sold compared to the same time last year (Jan. to Nov.). The Wailea homes market in general moves at a slower pace than the Wailea condo market because of the significant time and investment a home requires, but they offer a significant more amount of privacy than a condo, a ton more of living space, and possibly your own private pool!
Of the 3 homes sold, 1 of them closed for $2+ million while the remaining 2 were sold for under $2 million. Interestingly, all 3 home sold within 6 months of coming to market, so if the homes are priced right, they will sell. Luckily, the Wailea market has been experiencing a great year, so do expect an influx of buyers in the market come winter.
- Number of Wailea Pualani homes sold: 3
- Average asking price: $1,998,333
- Highest priced home sold: $2,395,000
- Lowest priced home sold: $1,675,000
In terms of listing activity, Wailea Pualani has been seeing a ton of properties come to market. With a projected inventory volume of close to $17 million, the Wailea Pualani homes for sale market is an intersting place for buyers. Right now, the market is split evenly between $1 and $2 million listings, however, there is $750k price discrepancy in the upper and lower ends. When looking at the list prices of the homes, buyers can choose the value buys (homes listed from $1.4 to $1.7 million) or look to the upper end ($2.45 to $3 million) of the market to complete their home search.
Interestingly, all of the current active listings have been brought to market within the last 6 months; 50% of which has been listed in the last month alone. The influx in the market can be attributed to the timely arrival of the busy winter season when the visiting Maui population swells; Thanksgiving begins to mark the busy season as many look to escape the cold. Although there is plenty of supply in the marker, it may not last as the increased competition in the market tends to motivate buyers to act on quicker decisions. We always advise our clients to be ready to write an offer if they see something they like, we never want our clients to miss out on an opportunity should it present itself.
- Number of Wailea Pualani Homes For Sale: 8
- Average asking price: $2,113,112
- Highest priced listing: $2,999,999
- Lowest priced home for sale: $1,375,000
Contact a South 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.