We brought Ho’olei 93-3 to market in late winter and was an excellently maintained villa located just above the Ho’olei pool. The pride of ownership is bar is evident and our sellers pulled out all of the stops in creating the vibrant and sophisticated design of the villa. The sellers even hired a prestigious California interior design firm to ensure their vision for the villa would come to life.
Totaling 3 bedrooms, 3.5 bathrooms, 2619 interior sqft, and 2 large outdoor lanais, the can accomodate various parties. Both of the outdoor areas have been thoughtfully crafted for multi generations, and feature private seating areas for the entire family.
Sold for $2.55 million
Special villas like Ho’olei 93-3 seldom become available in the neighborhood. Ho’olei is a very special hotel-zoned community, with options for daily rentals coordinated by the Grand Wailea Resort.
Other finishes include two Sub Zero refrigerators, four freezers, and Wolf stainless steel appliances add to the contemporary feel of the extravagant kitchen. Thick dual-paned Fleetwood glass doors magically retract into the walls to reveal and allow access to the lanais.
2019 Ho’olei Market Update
With 8 condos sold through 8months, the Ho’olei complex is experiencing a strong year with $23.8 million in running sales volume, good enough for 1 unit sold per month. Considering the high barrier to entry, Ho’olei has performed extremely well among Wailea condos for sale. Although inventory has been slightly down compared to recent years, the low inventory has generated strong demand.
All of the unit sold in 2019 were able to find a buyer within 9 months of being listed; in fact, more than 50% of the units found buyers within 3 months of being listed. As far as sold prices, the $3+ million range has been extremely dominate with more than 63% of the listings sold in this range. In terms of price/sqft., buyer should expect to pay around $800-$1450.
For a deeper look into Ho’olei sales data, check out our complete report of Ho’olei sales going back 10 years.
- Number of Ho’olei condos sold: 8
- Average sold price: $2,985,625
- Highest priced Ho’olei condo sold: $3.45 million
- Lowest priced Ho’olei unit sold $2.53 million
For a better idea of how the Ho’olei market has been playing out in recent years, check out our 2018 Ho’olei Year In Review report.
With only 3 units for sale, buyers should understand the summer attracts more buyers and buyers may experience more competition in the market. If a competitively priced unit comes to market, buyers should be ready to move on property before missing out on an opportunity.
When inventory is this low, we always recommend our clients stay up to date with our Ho’olei new listing email alerts. The alerts can be customized to any criteria including single family homes and condos. If you need assistance in setting up this feature, we would be happy to do so!
- Number of Ho’olei condos for sale: 3
- Average asking price: $3,266,666
- Median asking price:
- Highest priced listing: $3,675,000
- Lowest priced listing: $2,675,000
Contact a Maui Real Estate and Lifestyle Specialist
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)