A fantastic listing, Ho’olei 21-1 offers the largest and most highly sought after floor plan in the community. This villa is truly a Wailea legacy property perfect for multigenerational enjoyment and is positioned perfectly to take advantage of the wide open ocean views from the outdoor lanai.
This villa is unique in the sense that it offers similar views to some of the premier top row units, while also sitting at a lower elevation that is close to the community pool area. The location saves residents a trek up and down a large hill. With 3,076 sq. ft. of interior footage, the three bedrooms in this residence are like a retreat, each including an ensuite bath, roomy floor plan, and plush cabana antigua carpeting.
In the middle of November we entered escrow and closed after just 30 days for $3,270,000.
2019 Ho’olei Market Update
With 9 units sold through 2019, the Ho’olei market has been productive throughout the year. With a 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 among buyers. In fact, more than half of the units sold were able to secure buyers within 3 months of being listed. Sales above the $3 million price point dominated the market with 66% of the sales volume.
For a complete breakdown of data, check out our Ho’olei sold condo data.
- Number of Ho’olei condos sold: 9
- Average sold price: $3,017,222
- Highest priced Ho’olei condo sold: $3.45 million
- Lowest priced Ho’olei unit sold $2.5 million
With only 5 units for sale, we are proud to represent 80% of the listings. Buyers should understand there is competition in the market with most luxury Wailea condos for sale. 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: 5
- Average asking price: $3,119,000
- Highest priced listing for sale: $3,675,000 (listed by the Sayles Team)
- Lowest priced listing for sale: $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.
Anthony Sayles R(S)