One of a Kind Beachfront Luxury at 4690 Makena Road
Brought to market in late October of last year, 4690 Makena Road has experienced more activity than some of the other beachfront Makena estates of this caliber. On and off the market over the last few years, it can be expected a home of this price point and quality is only in the price range of a handful of buyers. Plus the monthly maintenance required of a beachfront home adds to the cost of the home.
Sitting on just under 1/2 an acre, the home is only 50 yards from one of Makena’s most private beaches because it takes a short hike to access the beach. So it is basically 300-400 yards of a private beach at the buyer’s disposal. The house itself is more modest than some of its neighbors with 2968 sqft of interior living, 3 bedrooms, and 3 bathrooms. But the 1400 sqft of outdoor living area is really what this beachfront estate is about.
Sometimes when homes sit for awhile, they are taken temporarily off the market to give it a break which allows the home to show up as a “new listing” when it is put back on the market. That strategy worked like a charm and it only needed 3 weeks for this home to enter escrow and eventually close for a $9.25 million.
Private location directly on “Secret Beach,” just 37 steps from white sand and swimming, snorkeling, kayaking, SUP and other fun ocean activities. Built in 1989, this “beach house” has three ocean view bedrooms with en-suite bathrooms. Indoor and outdoor living spaces seamlessly open to expansive lanai’s for al fresco dining, whale watching, and soaking in sunset skies. Before a rejuvenating day at the beach, grab your tennis racket for some exercise and fun.
Makena Homes Market Update 2017
With 6 Makena estate sold in 2017 worth a total sales volume of $62,250,000, it was an extremely productive year for the market. Compared to 2016 sales, the 2017 sales of Makena homes outperformed 2016 by 133%. Interestingly, all of the homes in 2017 sold within under 9 months of being listed which is very impressive considering the steep purchase prices. Makena homes in general come with a certain prestige and immediately elevates buyers into a select group of people that are able to call Makena home.
All of the sales came towards the first half of the year with no sales being completed after early July. Across the market, the homes that sold were in the low to upper middle price point: 1 sale in $6 million range, 2 sales in $9 million price point, 1 sale in the $10 million, 1 sale in $11 million, and 1 sales in $15 million. Sometimes, a few Makena home sales occur in off market deals because of privacy concerns that the buyer and seller may face.
- Number of Makena homes for sale: 6
- Average sold price: $10,375,000
- Highest priced listing: $15.5 million
- Lowest priced home for sale: $6.3 million
- Number if units in escrow: 1
At the moment, there are a total of 6 Makena estates for sale representing a projected sales volume of $78,795,000. Makena homes tend to be priced higher than Wailea because of the large acreage the properties command, the privacy the offer, and their quality of finishes. You can typically expect to pay close to 8 figures for a Makena property.
With the current inventory for sale, it is representative of the wide variety of homes available. The low end for a Makena home hovers round $6 million and sky rocket to as much as the $30+ million price point. The highest priced home for sale at the moment, is a sprawling oceanfront estate that dreams are made of is one of the best Makena estates I have seen in awhile.
- Number of Makena homes for sale: 6
- Average asking price: $13,132,500
- Highest priced listing: $26,995,000
- Lowest priced home for sale: $6,950,000
Contact a Maui Real Estate and Lifestyle Specialist
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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