Wailea Beach Villas Summer Price Reductions
First listed in early February of this year, Wailea Beach Villas 510 is a coveted penthouse villa and has never been listed before until now. From its elevated location, the villas offers 376 sqft of outdoor lanai space that entails sweeping views of Wailea Beach, Molokini, Kaho’olawe, Lanai, West Maui and Haleakala. The sellers love the community so much that they upgraded their experience by moving to a bigger unit with Wailea Beach Villas and are now motivated to sell this unit.
Totaling 2 bedrooms, 2 bathrooms, a den, and 1978 sqft, the unit is extremely spacious and perfect for accommodating vacationing guests. Over the year, the villas has been well taken care and is evident through the condition of the furniture and fixtures. Reserved parking space in garage accommodates a full-size vehicle with adjacent locked owner storage space large enough for your stand-up paddle boards and any other miscellaneous gear.
Listed at $4,725,000, $150k off original asking
Summer Closings at Wailea Beach Villas
First listed at the end of last year, Wailea Beach Villas H102 is a fantastic 2 bedroom unit similar to the listing above, but with contrasting views. This unit provides a nice contrast to the various types of units in the community. Situated on the 1st floor, there is a nice breeze that flows through the unit. The den has a neat screen off feature which can function as a 3rd bedroom, lounging area, or office.
After about 2.5 months on the market, the unit recived a $50k price reduction. Not even 2 weeks after the price reduction, the unit was able to enter escrow. The unit eventually closed for $2,185,000, roughly $90k off original asking.
Wailea Beach Villas Market Update 2018
Considering the prestige and price point of Wailea Beach Villas, the market has seen extremely strong demand with a running sales volume of $26.4 million. So far, every month has seen at least 1 unit sold with March being the most productive. Only 1 of the unit sold needed longer than 1 year to find a buyer will 5 of the units sold only needed 6 months of less. The majority of unit sold have been 2 bedrooms, while there have been 3 sales of three bedroom units.
Prices in 2018 have been across the board where the low, middle, and upper price points have been represented. By far the $2 million range was the most productive with 2 units sold. The remaining price points of $3, $4, $5, and $6 million all saw 1 unit sold. Buyers should expect to pay anywhere from $1k-$2k per sqft.
- Number of Wailea Beach Villas sold: 7
- Average sold price: $3,782,285
- Highest priced condo sold: $6.1 million
- Lowest priced unit sold: $2,185,000
With only 2 Wailea Beach Villas on the market, inventory is extremely limited. Every day new listings can hit the market, so the best way to stay up to date is with our Wailea Beach Villas new email listing alert.
- Number of Wailea Beach Villas condos for sale: 2
- Average asking price: $4,475,000
- Highest priced unit: $4,725,000
- Lowest priced unit: $4,225,000
Contact A Maui Real Estate 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,Anthony Sayles R(S) Anthony@Danosayles.com 808-280-6532