Our latest Haiku listing at 227 Laniloa Way is set just 5 minutes from Hana Highway and is only a 15 minute drive from Paia; so in other words, it is just far enough to way to offer the country setting while still be close enough for convenient access to necessities. Sitting on just over 2 lush acres at the end of a quiet cul de sac, this estate has the perfect bones to make your own.
While there is a main home and cottage on the property, mature mock orange and Arica palms provide a tropical barrier between the homes. They hide a private lawn perfect for pets, kids playing or to hang a hammock and enjoy the gentle Maui trade winds.
Listed at $1,169,000
The main home has been completely remodeled in 2018 and is waiting for new owners to make it their own. With a semi open concept connecting the living and kitchen area, there is enough privacy for the 3 bedrooms to have their own peace and quiet. One of the best features of the home is the massive outdoor space that is the perfect complement to the indoor living area. It has been vacant since the remodel finished and feels brand new! Upgrades include: travertine floors, granite counters, custom shelving, new cabinets, new fixtures, a split AC system and so much more.
The detached Ohana is accessed through a separate driveway on the opposite side of the property; although 1 property, it really lives like 2 separate ones. The cottage has a desirable 2bd/1ba single-level floor plan and offers a nice country cottage feel. Stunning rock walls terrace the hill next to the ohana and offer the opportunity for a stroll among the fruit trees.
1st Quarter Haiku Market Update 2018
Through the 1st 3 months of 2018, the Haiku market has done $21,662,500 in running sales volume and will certainly look to at least triple that by the end of the year. The Haiku market is interesting because it is primarily local buyers who will look to this market, while there are some non local buyers who prefer Haiku because of its country/hippy vibe, privacy, and massive hidden estates. Haiku homes move fast because they are priced very well where 16 0f the 23 homes sold for under $1 million. Haiku is on of the best places to buy if you are looking for dollar/sqft values, but that value comes at the price of convenient proximity to grocery stores and other store bought goods.
Of the 7 homes that sold for $1+ million, only 1 of them was not in the $1 million range and that was rockstar Sammy Hagar’s Haiku estate that closed for $3.1 million. On the low end, 4 hoes sold for under $500k and are truly rare finds in the Maui market. Although they are in very attractive price points, additional money will be need to be spent brining them up to speed. Price/sqft is all over the spectrum and can range from anywhere as low as $250/sqft up to $1100/sqft.
- Number of homes sold: 23
- Average sold price: $941,847
- Highest priced home sold: $3.1 million
- Lowest priced home sold: $220,000
The Haiku homes market at this time definitely does not favor buyers where only 25% of the homes for sale are priced under $1 million. The most abundant price point is in excess of $2.3 million and it is getting hard to move those type of homes because you are paying prices similar to what you would for a Wailea home. With that being said, you are guaranteed an abundance of land when you buy in Haiku, only 1 home for sale has a lot that is under 10,000 sqft.
In general, seeking out your perfect Haiku home is a tough task. I’ve bought 2 Haiku properties and sold 1 over the last 5 years, so I not only understand a buyers perspective, but a sellers one as well. The market here can be so diverse, where being located on one side of the road offers a better value than another.
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- Number of homes sold: 33
- Average sold price: $1,689,648
- Highest priced home sold: $3.9 million
- Lowest priced home sold: $425,000
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,Erin Haywood R(S) on behalf of the Sayles Team 808-264-8037 Erin@DanoSayles.com