Newest Listings at Kai Malu
Kai Malu Wailea Villa 65A is an amazing value because it has been fully remodeled over the last year and comes complete with everything you see in the pictures. As an upgraded developer unit, some special touches include: Brazilian cherry hardwood staircase and floors, plantation shutters throughout, outside shower with massage shower head, lanai barbecue with mini fridge and wet bar sink, and custom built in den bookshelves to name a few.
With no detail spared, the views are equally impressive as there or mountain to ocean views with Molokini views putting on the final touches. There are also 24 own photovoltaic solar panel on the roof with just $19 a month electric bill.
Listed at $1,895,000
An absolutely awesome unit with great yard space for entertaining, Kai Malu 13B is a coveted Lewa floor plan with just nder 1800 sqft, 3 bedroom, and 2.5 bathrooms. Complete with your own personal plunge pool that is set a little back for privacy, this is the ideal Wailea lifestyle. A large sliding door off of the living room opens up onto a spacious covered lanai that creates a large open concept first floor living area.
On top of the roof are 32 photovoltaic panels with a battery backup system where the electric bill has averaged around under $50 per month over the last 9 months. In addition to the bottom lanai, there is a private balcony off the master bedroom is the ideal place for a morning cup of coffee. The den on the first floor is also a perfect compliment to the unit and offers its own sense of peace and quiet.
Listed at $1,695,000
Kai Malu Market Update 2018
With more than half of the year, the Kai Malu market is sitting pretty with $10.6 million in running sales volume which is good enough for an average of 1 unit sold per month since the start of 2018. Buyers have been extremely active with their purchases as only 1 of the 7 units sold took longer than 6 months to find a new owner. On a good day, buyers can buy into Kai Malu for around $650/sqft; while buyers looking for the best pay up to almost $1100/sqft.
This year’s sale are concentrated in the middle and upper tiers. The good news is, buyers can still get into Kai Malu for around $1.1 million which is great considering the community amenities at your disposal. Two of the upper market units sold for around $1.8 million, while most of the buyers in 2018 settled for a middle of the road price close to $1.5 million.
For a complete picture of the market, check out our Kai Malu sold data.
- Number of Kai Malu condos sold: 7
- Average sold price: $1,512,142
- Highest priced unit sold: $1,895,000
- Lowest priced unit sold: $1.31 million
Kai Malu Condos For Sale
With a total of 9 Kai Malu Condos For Sale, buyers will be liking their odds as they look to leverage the best deal. Just about $15 million of inventory sits on the market at this time with 1 unit being listed longer than 1 year and the rest coming to market in the last 6 months. When there is an excess of supply, buyers will have the advantage of turning to other units as substitutes if they are not willing to meet a seller’s price.
The market is pretty much evenly split between the lower end, middle market, and upper price points with a median list price of just under $1.6 million. The $1.3 and $1.7 million price points are the most heavily represented with a 60/40 split in the number of listings. In a good market, we have seen units max out around $1.95 million; on the other hand, we’ve seen unit picked up for pennies on the dollar at a around $1 million.
While there is a fair amount to choose from, the best way to stay up to date is with our Kai Malu new listings email alert.
- Number of Kai Malu condos for sale: 9
- Average asking price: $1,584,111
- Highest priced unit sold: $1,895,000
- Lowest priced unit sold: $1.31 million
See a complete list of Kai Malu Condos For Sale
Contact a South Maui Real Estate Specialist
Enjoy amazing Wailea nights amongst flickering of tiki torches and soothing waterfalls
If you’re interested in learning more about our private collection of listings, please contact our team for more information. We specialize in the most exclusive Maui Real Estate including the Makena Wailea resort areas. Our team of exceptional agents are ready to find you your perfect Maui lifestyle property. We respect your privacy and look forward to connecting with you soon. Mahalo!
Anthony Sayles R(S)
(808) 280-6531
Anthony@DanoSayles.com