Winter Listings at Kai Malu
Brought to market early last week, Kai Malu 17B is a stunning unit with its own custom plunge pool right off of the back lanai. While small, it is perfect for cooling off and relaxing in during those warm Wailea days. Only a handful of units come with with sort of luxury and privacy, so keep your eye on this one if you are interested. Another benefit of this unit is the lack of neighboring balconies looking into your pool and spa for maximum privacy! While these units are classified as condos, they offer a blend of single family living and the ease of a condo lifestyle.
This incredibly rare offering has possibly the largest private fenced yard with private pool and spa in Kai Malu and possibly of any condo in Wailea! The sellers left no detail undone and splurged with the amount of upgrades completed: extended travertine lanai perfect for entertaining, upgraded appliances, plantation shutters, custom mahogany blinds, railings, and a beautiful custom Mahogany valance with remote control power shade in the living room. While no major upgrades have been made since it was built, numerous refreshments include: brand new light fixtures, ceiling fans throughout, and luxurious carpeting with a lifetime transferable warranty.
Listed at $1,599,000
Kai Malu Market Update 2018
With the year coming to a close, the complex has managed at least 1 sale per month and can improve on that stat with 3 units currently in escrow. The market has seen just under $18 million completed in running sales volume. Kai Malu is highly regarded among many buyers in the Wailea real estate market and has seen strong demand from buyers. 25% of all sales only needed 3 months to find a buyer, while 10 of the units sold were on the market for less than 6 months. Good news for sellers, 0 of the units sold in 2018 needed more than 1 to complete a deal.
The barrier to entry into Kai Malu has slowly crept up over the years with only 2 deals be completed for $1.28 million or less. Most of the sales completed were in the upper price point with 33% of sales closing for more than $1.5 million. Two price points dominated sales with 50% of all transactions, $1.4 and $1.5 million. On the upper end, each of the $1.7 and $1.8 million price ranges saw 1 sale each. Prices can cary wildly at Kai Malu and buyers should expect pay anywhere from $650-$1000/sqft.
For a complete picture of the market, check out our Kai Malu sold data.
- Number of Kai Malu condos sold: 12
- Average sold price: $1,497,375
- Highest priced unit sold: $1,850,000
- Lowest priced unit sold: $1.15 million
- Number of units in escrow: 3
With a total of 6 Kai Malu Condos For Sale, 50% of the units are priced under $1.4 million while the other 50% are priced above $1.4 million. The market will slightly favor buyers as they do have other options in this complex and others as they look to leverage the best deal. The current inventory is totaling just over $9 million and can soon dwindle down quickly as more buyers enter the market in the winter visiting season. In the last 30 days alone, 50% of the units have come to market.
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: $1,525,650
- Highest priced unit sold: $1,849,000
- Lowest priced unit sold: $1.3 million
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)