Listed at the end of May, Sugar Beach Resort PH 21 is an extremely rare and prestigious opportunity to buy a 6th floor penthouse unit at Sugar Beach Resort. Offering a 180 degree bicoastal view, it acts as your own natural painting to compliment the lighter tones of the unit. Built in the late 70’s, the unit has been upgraded over the years, but could use some small touches to bring it up to modern standards.
Offered fully furnished, the unit is turnkey and ready for immediate use. The unit is heavily booked throughout the year and comes with extremely strong rental demand and income for the savy investors. Maintenance fees includes “ALL Utilities”; Electricity, Central Air Conditioning, Sewer, Water, Garbage, Cable TV, Internet, Wi-Fi and FREE telephone to the entire US and Canada.
Listed at $749,000
First brought to market at the end of March, Sugar Beach Resort 410 is a solid listing in the inner court yard of the unit. Some might prefer a unit not in the center of the complex, but overlooking the pools offers a certain type of vibe that can only be felt by being in the thick of things. Barely even 50 yards to the ocean, this beachfront condo is an extremely desirable opportunity for those in the market.
Upgraded just a few years ago, the unit is highly impressive with neat finishes that play off the blue tones of the ocean and the pool. With more than two months on the market, the list price has been firmly held and should see more interest as summer picks up. Sugar Beach Resort offers excellent on-site amenities.
Listed at $630,000
Sugar Beach Market Update 2018
Sugar Beach Resort has seen strong sales with a running sales volume of just over $3.1 million with 0.8 units sold per month. February and March have been particularly productive with 1 and 3 units sold; no other month has seen a unit sold. Units can spend as little as 2 months on the market, while some may take up 8-9 months to sale; more than a year on the market isn’t uncommon either.
For the most part, sales have been concentrated around the $500k and $600k range with 75% of the sales. 2019 has seen 1 outlier sale that was in excess of $1.39 million and entered escrow after 3 days on the market. Any sale above the $1 million range is atypical for this market as it usually operates in the $500-$850k range.
Buyers favor Sugar Beach Resort because of its relatively low barrier to entry in relation to its beachfront location. Move this complex down 5 or 6 miles into the heart of Kihei and these units would be going for $1+ million easily. In terms of price/sqft, it seems like buyers are not getting a good value but that’s only because the units are on the smaller side. Buyers on average should expect to pay around $1000/sqft, but can sometimes get into the complex for around $700-$800/sqft.
To get a complete idea of the market, check out our Sugar Beach Resort sold data.
- Number of Sugar Beach Resort condos sold: 4
- Average sold price: $595,250
- Highest priced unit sold: $1,395,000
- Lowest priced unit sold: $530,000
With 2 active listing in the Sugar Beach Resort, buyers do not have many options to choose from. When there is little inventory in a certain market, good agents can use their network to uncover listings not publicly for sale on the open market. Ask us about our Private Collection.
The best way to stay up to date is with our Sugar Beach Resort new listing email alerts. They can be customized to fit any type of property on Maui you are interested in.
- Number of Sugar Beach Resort condos for sale: 2 (as of 6/3/19)
Contact Maui Real Estate and Lifestyle Specialist
Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born in South Maui 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.
Anthony Sayles R(S)