Large Lot in Wailea Golf Estates: 3977 Wailea Ekolu Place
3977 Wailea Ekolu Place is our newest listing in the Wailea Golf Estates and it is sure to attract strong interest because the architecture was specifically designed to transcend time and represent a timeless property with thoughtful lines. Sitting on more than a 1/4 of an acre in a private cul-de-sac and tucked away in the back of the community, the old Wailea Blue Golf Course surrounds the property in its own cone of Wailea beauty. Every square inch of the lot is maximized to its full potential that utilizes its orientation to take advantage of its ocean and mountain views.
The home itself is extremely spacious with over 4000 square feet of interior space, 2 covered lanai spaces, 1 open lanai, and plenty of outdoor living area surrounding the pool; total living area easily surpasses 5000+ sqft if you include all exterior living space. The two front lanais offers ocean views from the 2nd and 1st floor, while the the soothing golf course views in the back are a nice backdrop to the pool. The home features 4 beds and 4.5 baths, so there is plenty of room to stretch out and call 3977 Wailea Ekolu Place home.
Listed at $3,695,000
Located at the pinnacle of the Wailea Golf Estates, this spacious home has so much to offer to the discerning buyer with the right imagination. This custom built residence overlooks the Old Wailea Blue Golf Course with gorgeous views of the Pacific Ocean, the outer islands, and Maui’s year round epic sunsets. Nestled on one of the most private lots in the community near the end of a cul-de-sac, this custom residence features a large, open floor plan.
Designed both for daily living as well as entertaining your friends and family. From the moment you walk through the front doors of this property, you can visualize the potential. Just in need of a little tender loving care. That being said, you simply cannot recreate the location in this community.
Wailea Golf Estates Market Update 2018
The closings this year have been middle of the market properties where they moved relatively fast for their price point. The 1st property sold for 93% of its original listing price where it closed for an even $4 million and only needed 2 weeks on the marker before it found the right buyer. The 2nd property sold was very well priced for its quality and lot square footage; this list also only needed a few weeks before it found a buyer and closed for its full list price of $3.1 million.
- Number of units sold: 2
- Average sold price: $3,550,000
Having seen only 2 homes sold so far 2018, it is typical to see the Wailea Golf Estates get off to a slow start and only experience a handful of sales per year. Just last year in 2017, there were only 2 homes sold and in the year before that, 2016 only saw 3 homes sold. The low amount of sales activity speaks to the exclusivity of the market and how satisfied residents are with their property.
There is a nice of owners in the community, some are full time Maui residents, while others come and go as they please.
Totaling $18+ million in inventory, the Wailea Golf Estates market is experiencing a fair amount of inventory with 5 homes for sale. The median list price $2,895,000 suggests the market favors the lower priced homes with 3 of them being listed under $3 million; it is extremely rare to see homes in the community listed for less than $3 million because only 5 Wailea Golf Estates homes have sold in that price range over the last 5 years. Looking at that same time frame, since 2013, the average Wailea Golf Estates home sells for just under $4 million.
The 1 home listed in the $3 million range (our listing above) is type of quality home you can expect on average. With a price/sqft of $905, the home is an immense value compared to some of the other homes for sale. While there is one listing in the mid $6 million range, that is about the highest a home will sell for, not to mention is has been listed for longer than 2 years and was built in the late 80’s.
- Number of Wailea Golf Estates homes for sale: 5
- Average asking price: $3,744,000
- Highest priced home for sale: $6,650,000
- Lowest listed home: $2,595,000
Contact a Maui Real Estate and Lifestyle Specialist
Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea
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.
Anthony Sayles R(S)