Listed at the end of September, Papali Wailea Villa #3 is residential condominium which offers the luxury of a single family home and the ease of condo living. Designed in a way that evokes a sublte contemporary interpretation of Hawaii’s architecture, the villa boasts a single level layout with 3 bedrooms, 3.5 baths, plus 1000 sqft of outdoor living options.
At the heart of the villa is a 180 degree ocean and outer island view that can be enjoyed from every part of the house. The villas were designed to hug the contour of the landscape to create a sense of privacy, while offering a tropical escape with numerous outdoor areas.
Listed at $3,825,000
Papali Wailea Market Update 2020
So far in 2020, Papali Wailea has only seen one unit sold. Listings in this market are extremely rare as only 6 villas have been sold since 2015 with no sales in 2019 and 2020. With high demand for these villas and low supply, values have quickly increased. Sales have been far and few between with 50% of the most recent listings coming in off market transactions. In terms of price/sqft, buyers should expect to pay around $1000-$1500/sqft.
The units here cannot be rented out on a short term basis, so that deters a fair amount of buyers because some like the option to rent out their property while it’s not being used. On the other hand, some buyers like the non short term rentable communities because of the extra privacy and low density.
One of the best features of Papali Wailea is their infinity pool because of the bluff it sits on that overlooks most of Wailea and beyond. Each unit here is exactly the same floor plan where the only difference is the finishes in the unit and location in the complex which slightly impacts the ocean views.
- Number of Papali Wailea units sold: 1
With only one unit for sale, buyers do not have many options in the community for the time being. Some more units may come to market throughout the year, but the best way to stay updated is through our Papali Wailea new listing alerts.
Contact a South Maui Real Estate Specialist
Our team has been blessed with the amazing opportunity to have been part of this luxurious community since its inception back in 2005. We’ve been the in house team 7 days a week for the past 8 years. It truly brings a smile to my face when I see first time guests, return visitors, and full-time residences embracing their Maui lifestyle.