Brought to market in early February, 3408 Kuaua Place stands out as one of the finest homes in Maui Meadows. Having undergone a complete rebuilt from the ground up, this spectacular modern pole-house is a masterpiece of grandeur, charm, and fine custom finishes. The sellers did not skip any corners in the renovation of this stunning luxury retreat and spared no expense in bringing it up to modern standards.
Sitting on a 3/4 acre lot, this property is larger than a majority of the lots in Maui Meadows and offers a private tropical estate vibe with lush landscaping to complete the resort feel. In addition to a main house of over 4200 sqft, there is a 600+ sqft cottage for guests, a yoga studio, gym, or office space.
Our buyers were very eager in securing the property, but were intent on seeking the best value. After some negotiations, we closed for just over $2 million which was 92% of asking price. In terms of price/sqft, our buyers paid $418 for a luxury home!
Q1 2019 Maui Meadows Market Update
With $10.1 million in running sales volume, Maui Meadows has seen strong demand considering the barrier to entry, its location on the cusp of Wailea, and status as a highly desirable South Maui neighborhood. Most of the trans actions are clustered in the spring month with April being the most productive at 2 homes sold. Homes can sit longer on the market because of the upkeep that goes into maintenance and usually steeper purchase price, but 66% of the home sold have found a buyer within 3 months, while the remaining 2 units needed less than 9 months.
In terms of sold price, the market has been well represented and spread across all of the various price ranges. Even the $2 million price point has seen strong demand with 33% of closings. Buyers interested in value buys can find great numbers in Maui Meadows where homes have been selling for $300-$600/sqft.
- Number of homes sold: 6
- Average sold price: $1,693,333
- Highest priced home sold: $2,150,000
- Lowest priced home sold: $1,150,000
- Number of home in escrow: 5
- Number of homes for sale: 13
- Average asking price: $1,688,146
- Highest priced home for sale: $3,995,000
- Lowest priced home for sale: $925,000
Contact a South Maui Specialist
If the maintenance of a home is something that you prefer to avoid, then ownership at Ho’olei is something worth considering. Each unit offers the convenience of lock and go, with maintenance of the grounds included in association fees.
Our team has had the pleasure of being part of this extraordinary community since its creation in 2005. We are located within the community in the real estate information office, just next to the two check in desks.
We’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM – 5:00PM.