Aloha, and Mele Kalikimaka,
We have lots of activity to report in the Maui luxury real estate market this week. The market is starting to feel like it’s waking up for the winter selling season.
CLOSED SALES
5163 Lower Honoapiilani Rd — Napili
3 bedrooms | 2 bathrooms | 2,926 sq ft | No ohana | Lot size .4 acres | Oceanfront
This house sold for $4,844,000 at auction. It was originally priced at $7.5 million. It appears that it was on the market for approximately 7 months before the auction was announced. It was on the market for 265 days.
PENDING SALES
26 E Mahi Pua Pl — Kaanapali
4 bedrooms | 4.5 bathrooms | 4,415 sq ft | No ohana | 21,096 sq ft | Ocean view
Asking price is $4,495,000. The original price was $5,950,000. There were 3 price reductions and the 257 days when it went under contract.
2274 S Kihei Rd — Kihei
6 bedrooms | 6.5 bathrooms | 3,025 sq ft | No ohana | 8,481 sq ft | Beachfront
Asking price is $6,900,000. The original asking price was $7,500,000. There was 1 price reduction, and it was on the market 172 days when it went under contract.
461 Laulea Pl — Spreckelsville
4 bedrooms | 3.5 bathrooms | 2,612 sq ft | No ohana | 22,695 sq ft | Beachfront
Asking price is $9,850,000. It was on the market 124 days when it went under contract.
PRICE REDUCTIONS
34 Ualei Pl — Wailea
4 bedrooms | 5 bathrooms | 6,754 sq ft | No ohana | 43,560 sq ft | Ocean view
$19,850,000 → $18,900,000 → $17,990,000
Day on Market are 236
116 Pulelehua St – Kapalua
4 bedrooms | 4.5 bathrooms | 4,081 sq ft | No ohana | ½ acre | Ocean view
$5,395,000 → $4950,000
Day on Market are 145
NEW LISTINGS
3387 Kuaua Pl — Maui Meadows
3 bedrooms | 2.5 bathrooms | 3,846 sq ft | Ohana | ½ acre | Ocean view
Asking price $4,000,000
232 Crestview Rd | Pineapple Hill, Kapalua
3 bedrooms | 3 bathrooms | 3,354 interior sq ft | No ohana | 19,508 sq ft lot | Ocean view
Asking price $5,200,000
24 Anapuni Loop | Kaanapali
4 bedrooms | 4 bathrooms | 3,585 interior sq ft | No ohana | 86,720 sq ft lot | Mountain & ocean views
Asking price $6,195,000
137 Anapuni Loop | Kaanapali
5 bedrooms | 6 bathrooms | 4,047 interior sq ft | No ohana | 21,902 sq ft lot | Ocean view
Asking price $7,250,000
180 Door of Faith Rd | Haiku
5 bedrooms | 4 bathrooms | 3,609 interior sq ft | 2-bedroom / 2-bath ohana (1,000 sq ft) | 95,353 sq ft lot | Ocean & mountain views
Asking price $7,950,000
65 Wili Okai Way | Lahaina
5 bedrooms | 5.5 bathrooms | 5,777 interior sq ft | 2-bedroom / 2-bath ohana (1,016 sq ft) | 222,766 sq ft lot | Ocean view
Asking price $9,500,000
49 Kuahulu Pl | Olowalu
3 bedrooms | 3.5 bathrooms | 3,477 interior sq ft | 2-bedroom / 1-bath ohana (998 sq ft) | 87,120 sq ft lot | Oceanfront
Asking price $13,500,000
11499 Honoapiilani Hwy | Olowalu
3 bedrooms | 3.5 bathrooms | 3,030 interior sq ft | No ohana | 257,000 sq ft lot | Beachfront
Asking price $16,900,000
OUR TAKE
We had one sale and three new sales pending. That is the most new pendings we’ve seen in one week in a while. Given that the average number of sales per week for the last 12 months is less than one, this is sign that we are entering the buying season right on time. And with 8 new listings it looks like there are plenty of other would be sellers wanting to join the holiday party.
Lee & Keri
