Listed just last week, 3032 South Kihei Road is a stunning beachfront estate that is able to uniquely offer Hawaiian style kama’aina beachfront living and the modern Wailea lifestyle. Obviously the main draw of the property is the direct location on world-renowned Keawakapu Beach, this 1/2 acre property has approximately 95 linear feet of beach frontage. Spanning just under 3000 sqft of interior living, the home has been designed to maximize indoor and outdoor living.
The layout of the home is built to take advantage of he ocean views where it acts as a natural painting and compliment to the property. With pocketing doors that open to the oceanfront lawn, it is a natural extension of the main home. There is also a cottage on the property that can be used as a guest house or caretakers property.
Listed at $16.75 million
Beauty is in the details and this home has exquisite carved doors, imported Italian wood floors, honed granite counters, a copper roof, and copper gates by Padilla Design.
There’s a new state-of-the art Photo Voltaic Solar System by Maui Solar Project and a new Central A/C system for minimizing expenses and one’s ecological footprint. Relax, sit back, and take in the unique beauty of Hale Moku’akolu.
South Maui Beachfront Market Update
With more than $50 million sold so far in running sales volume, the highest priced home sold represents close to 50% of the entire sales so far. The remaining homes sold were priced in the $10 million range or less. The price range for beachfront homes can vary widely based on the level of finishes, if there is true beach access, what beach the home fronts, and lot size.
Interestingly, it is the Makena beachfront homes that are dominating the market with sales as it represents 75% of this year’s transactions. All of 2018’s action so far has come in the 1st quarter with no South Maui Beachfront homes in escrow.
- Number of South Maui beachfront homes sold: 4
- Average asking price: $12,962,500
- Highest priced home for sale: $22.8 million
- Lowest priced home for sale: $9.25 million
Along the South Maui coastline, there is close to $140 million in total inventory at the moment. Only a handful are priced in the 7 figures range, while 60% of the listings are priced above $12.5 million. Cleary the buyer pool is a select few, hence why it can sometimes take years to find a buyer.
The beachfront homes that are located in Kihei do not command the same kind of prices that the Wailea beachfront homes do. It isn’t atypical to see the Wailea beachfront homes priced as much as 2-4 times the Kihei beachfront homes.
The best way to stay up to date with the market is by subscribing to our South Maui Beachfront new listing email alert.
- Number of South Maui beachfront homes for sale: 10
- Average asking price: $13,984,700
- Highest priced home for sale: $29.8 million
- Lowest priced home for sale: $4.295 million
Contact a South Maui Lifestyle Specialist
Whether it is relocating to Maui, buying your first home, investing in real estate, or upgrading your overall well being, you could not find a better lifestyle than Maui. This island is more than just a beautiful destination, it’s home to incredible people and some of the world’s most renowned real estate. People come for the sun, but stay for the lifestyle. For more current information on Maui Real Estate, please contact me for a private showing.
Mahalo,Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com