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Maui Condos for Sale

Along the South Shore of the island you will discover warm turquoise waters, golden sand beaches, cool trade winds and luxurious beachfront Maui condos for sale. Maui is the favored island by Canadians and mainlanders out of the island chain for its Hawaii real estate, especially in the warm South Shore region. Here you will find Maui oceanfront condominiums with unobstructed views of the neighboring islands of Lanai, Molokini, Kahoolawe and of the Pacific Ocean.

There are many different types of Hawaii condos in these communities, with prices for Kihei condos for sale in the low $100,000's, all the way to over $8,000,000 for a Makena, or Wailea condo for sale. Many of these Hawaii condominiums allow short-term vacation rentals so while you are not visiting the island you can rent it out nightly. This option makes a Hawaii condo for sale on Maui along the South Shore a great Maui real estate investment.

Wailea Condos for Sale

As you travel along the South Maui coastline you will notice the prices for real estate in Wailea soar well above the values found in Kihei. Here you will find Wailea condos for sale fronting the fairways of the Wailea Old Blue Course, within private gated tropical villages, or along the coastline perched high above the crashing waves. The condos for sale in Wailea are regarded as some of the most luxurious and most sought after Maui real estate investments. Wailea condominium floor plans can range from the small studios in the Wailea Ekahi Village with just under 500 square feet to the more expansive three bedroom luxurious suites in Hoolei Wailea with living areas exceeding 3,000 square feet.

The Wailea condominiums include on-site amenities of swimming pools, Jacuzzi spas, tennis courts, barbecues and discounts on golf rates, but several take it a step further with private enclosed garages, private elevators, shuttles, valet, in-room massueses, concierge and room service.

Wailea real estate prices can start just below $500,000 for a 1, or 2 bedroom condo in the Grand Champions Villas and go well beyond $8,000,000 for one of the private 3 bedroom oceanfront resort villas at the Wailea Beach Villas, or the secluded town-home village of Wailea Point. Our other featured Hawaii condos for sale are at Wailea Palms, Kai Malu, Wailea Fairway Villas, Kanani, Elua Village, Palms at Wailea, Ekolu Village, Papali and Wailea Town Center. No matter what your budget is for purchasing a Wailea condo for sale, you can own a piece of the Wailea Resort.

Makena Condos for Sale

Surrounded by ancient lava fields and the manicured golf fairways of the Makena Resort, the condos for sale in Makena are some of the most beautiful the island of Maui has to offer. Owners of Makena real estate enjoy year-round unobstructed ocean and island vistas from their private lanais. There are only three developments of Makena condominiums, but they are some of the island's most elegant and expensive Maui real estate properties.

The Polo Beach Club and Makena Surf condos are located directly oceanfront with some of the most incredible views available for a Makena condo for sale. The other condo community is Na Hale O Makena, located around the corner from Makena Landing. Even though it does not sit on the beach, it is unique in that only two luxury residences share each floor. The interior living area for all condos for sale in Makena range from 1,200 to 3,000 square feet. Pricing starts in the low $2,000,000's and doesn't stop until over $4,000,000. In the near future, real estate in Makena will be expanding to include a new hotel resort across from Makena Beach, additional golf courses and several more Maui condominium communities.

Kihei Condos for Sale

The least expensive South Maui condos can be found on the North Side of Kihei. The average price of a Kihei condo for sale here could range between $150,000 to $750,000, the later if it is located directly oceanfront. Several beachfront Kihei condominiums we would recommend would be Luana Kai, Kauhale Makai, Maui Sunset, Kihei Beach Resort, Sugar Beach Resort, Koa Lagoon and Menehune Shores. These Hawaii condos for sale in Kihei are only minutes away from the South Shore's best kite boarding and windsurfing beach.

Moving further south, we see prices for Maui real estate in Kihei continue to increase as you get closer to the prestigious resorts of Wailea and Makena. The South Kihei condos for sale range in price from $250,000 to over $2,000,000 for the luxurious beachfront condominium suites. The South Kihei condo communities you should consider looking at are Hale Kamaole, Hokulani Golf Villas, Kamaole Nalu, Ke Alii Ocean Villas, Hale Hui Kai, Kihei Akahi, Hale Pau Hana, Maui Banyan, Kamaole Sands, Kihei Kai Nani, Mana Kai, Royal Mauian, Maui Kamaole, Kihei Surfside, Maui Hill and Maui Vista. As you can see there are a wide variety of Maui condos for sale to choose from in the tropical "Gold Coast" towns of Kihei, Wailea and Makena Hawaii. Coldwell Banker Maluaka at Makena.

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Oceanfront Inn owner in court today, seeks to halt foreclosure

Posted: March 31, 2010

KIHEI - Maui Oceanfront Inn will be in court this morning trying to overturn a foreclosure action filed against it in February by its California lender.

Since then, the lender, La Jolla Bank, has been closed by federal regulators.

Carroll Davis, the owner of the hotel, said in a telephone interview that he is current on his two loan agreements, although he has been unable to get receipts for payments of $600,000 that were made to the bank.

Like just about every other hotel in the state, Maui Oceanfront Inn saw its receipts drop in late 2008, following the bankruptcy of Lehman Brothers and the other catastrophes on Wall Street. Davis, who operates the hotel through his Western Apartment Supply & Maintenance Co., went to La Jolla in November 2008 to ask for a modification of his loans in order to lower his monthly payments. "I knew those people for 27 years," he said, although at some point during the complicated course of his loan rearrangements new owners came in.

The bank was ready to grant forbearance, but Maui Oceanfront is on leased land, with less than 25 years to run, and the bank wanted a 55-year lease first. Davis has been attempting for years to extend his lease, but first the state Department of Land and Natural Resources wanted some ancient encroachments and other zoning matters cleaned up.

The 73-room hotel, which also houses Sarento's on the Beach, was built in the 1970s and Davis inherited some headaches when he bought it in 2001.

By early 2009, it was obvious the lease wasn't going to be extended soon enough, so Davis and La Jolla began a new negotiation. By Sept. 1, they had come to an agreement that would reduce monthly payments from about $100,000 to $60,000 for a year, catch up on all property taxes and lease payments and generally put the hotel on a footing where its business receipts would cover its expenses.

The total amount was $12.2 million, plus a $300,000 line of credit.

On Sept. 9, the Office of Thrift Supervision, which oversees community banks, issued a cease and desist order against La Jolla, telling it not to modify real estate loans larger than $3 million without OTS approval. Adrian Rosehill, one of Davis' lawyers, said Western was not told about that. Western went ahead and completed signing the many documents involved in the renegotiation, authorized La Jolla to make payments on some of its debts and signed off on an agreement to allow Sarento's to make its monthly rent and common area maintenance payments directly to La Jolla.

Meanwhile, a memorandum opposing La Jolla's request to the 2nd Circuit Court to appoint a receiver says La Jolla took $400,000 from a Western certificate of deposit, used some to bring the notes current and, probably, some to pay other creditors, although repeated requests for an accounting have not been answered.

Western continued to meet its obligations under the new agreement, Davis said, and so did Sarento's. He said he was stunned to have the hotel foreclosed on early in February. At the time, he said he thought the problem - or part of it - was that all the management of La Jolla had left, and the remaining clerical staff didn't know about his renegotiation.

San Diego was surprised three weeks later when La Jolla, the third-largest bank in San Diego County, was closed. The bank had been reporting profits in 2009.

With $3.6 billion in assets, La Jolla was about three-quarters the size of Hawaii's Central Pacific Bank. It was heavily involved in lending on real estate developments.

The Federal Deposit Insurance Corp. sold what was left to another bank, but it said it expects to come up $900 million short.

Davis said he now believes that what happened was that the government regulators supervising the bank simply defaulted all the creditors, current or not.

An OTS report said the bank board had ignored a warning from its audit committee that suggested "potential self-dealing and other misconduct by certain of the savings bank's officers." No charges have been brought against the bankers.

Besides trying to show 2nd Circuit Judge Shackley Raffetto today that he didn't do anything to trigger a default, Davis will argue against appointment of a receiver, which, Western argues, will just add expenses without protecting any creditor assets and may "also raise apprehension in present hotel employees about the security of their employment."

In February 2009, Western retained Packard Hospitality Group to manage the hotel, and it says business has picked up and is running about 6 percent ahead of projections so far this year.

Courtesy of Harry Eagar, staff writer at The Maui News.

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Pet Friendly Condominiums in Wailea Makena

Many investors interested in purchasing a condo for sale in Wailea Makena have special requirements in their search parameters, one being permission to have their pets within the units during their stay. While most vacation condominium communities do not allow pets, there are several which do. All but Wailea Ekolu, Wailea Fairway Villas and Wailea Town Center are located directly beachfront. Even though pets are allowed, their are restrictions on the weight and a number of pets.

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Visitor numbers grow, county fares better than rest of state

Posted: March 31, 2010

Maui County welcomed 174,027 visitors in February, a gain of more than 7 percent compared with the same month last year. Every other county showed an erosion in the already weak traffic count, although small ones.

Maui island did even better with visitors who chose to stop at just one island, with those visits up 12.4 percent. Maui island's increase in visitors in February comes on the heels of a 2.4 percent increase in January. February marks the second consecutive month of positive growth in visitor numbers since December 2005.

The statistics are published by the Hawaii Tourism Authority.

Although this was a February without a Pro Bowl on Oahu, overall the numbers held almost steady. The statewide count was 531,094, up 0.7 percent. Oahu was down 1 percent to 312,371. Kauai was off 3 percent to 69,896, and the Big Island fell 0.7 percent to 102,635.

''Momentum from the strong fourth quarter in 2009 continued through February 2010 as anticipated,'' said Mike McCartney, president and chief executive officer of the Hawaii Tourism Authority. ''We are especially pleased that despite the Pro Bowl not being in Hawaii this year, total visitor arrivals and spending held stable over last year.''

Maui and the Big Island are showing net gains for the first months of the year, although early 2009 was a very slack time. In normal times, Maui would have closer to 200,000 visitors in February.

Still, state Tourism Liaison Marsha Wienert was encouraged that things are starting to turn around, helped by an increase in flights.

"We continue to be encouraged by the improving performance of our visitor industry. We also appreciate the unwavering commitment the industry has demonstrated in rejuvenating our economy," she said.

Flights from Canada and Asia were up by notable amounts, and since February even more Mainland routes have been added.

"It is clear that the strengthening of international economies has resulted in increased demand for travel, and Hawaii has certainly benefited from this improvement," Wienert said.

For two months, Maui has welcomed 321,934 visitors, a gain of 4.8 percent. Visitor-days are up even more, by 5.5 percent, but discounting is keeping overall spending from rising as much.

So far this year, per person per day spending on Maui is unchanged at $178.80. Statewide, however, it is down $4 to $171. February spending on Lanai averaged $261.10, down 27.1 percent; and visitors spend an average of $108.40 per day on Molokai, up 8.3 percent.

Lanai tourism was up 10.5 in February to 5,789. Molokai tourism was down 3 percent to 4,246.

Among the top four visitor markets, losses in arrivals by air from U.S. West (2.6 percent) and U.S. East (8.2 percent) were offset by growth from Japan (2.5 percent) and Canada (16.2 percent), the tourism authority said.

For the first two months of 2010, total spending by air visitors grew $31.4 million to $1.8 billion, a 1.7 percent increase over the same two-month period last year, the authority said. Total visitor days rose 2.5 percent while total arrivals by air and cruise visitors increased 1.4 percent from the same period last year to 1 million visitors, it said.

The Associated Press contributed to this report. Courtesy of Harry Eagar, staff writer at The Maui News.

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Makena Resort/Maui Prince Foreclosure

Posted: March 11, 2010

Wailuku - The 1,800-acre property formerly known as Makena Resort and the Maui Prince Hotel will be up for public auction April 29 in the lobby of the Wailuku courthouse.

The auction begins at 11 a.m. at 2125 Main St. and is believed to be the largest foreclosure sale in Maui County history.

The transaction is a fee-simple sale, with no minimum bid required, according to the notice of foreclosure that appeared on Page C8 of Wednesday's Maui News.

Last month, 2nd Circuit Judge Shackley Raffetto appointed Honolulu real estate developer and broker Chris Lau to conduct the sale for what is now called the Makena Beach & Golf Resort. Bidders must register with Lau five days prior to the sale, and the winner must be able to provide a 10 percent down payment April 29.

The South Maui property stretches from Haleakala's slopes, across dryland forests and over lava-rock expanses to beaches. The auction comes after Maui developer Everett Dowling and Morgan Stanley Real Estate defaulted in August on $192.5 million in loans for the original purchase price of $565 million in 2007 from the Japanese firm, Seibu.

Dowling and Morgan Stanley lost their entire investment in the property, which is said to include millions for development planning, design, publicity, archaeological and engineering surveys, land preparation and permit-acquisition work.

On the other side, the lenders are owed an unspecified amount of accrued interest and fees.

Wells Fargo Bank is acting as trustee for the collection debts owed investors holding the resort's commercial mortgage securities. The bank, which managed to come out of mortgage crisis relatively unscathed, is reportedly in the running itself to buy the Makena Beach & Golf Resort.

The buyer will need to have deep pockets and receive the approval of Raffetto, who's been the property's arbiter, landlord and watchdog for months now.

The auction is for the entire property. That includes 36 holes of golf, 18 of which need to be rehabilitated before reopening, a clubhouse, 2,500 square feet of retail space, 5,200 square feet of meeting rooms, three restaurants and bars, a swimming and wading pool and snack bar, seven outdoor areas for weddings and parties, jacuzzis and a lattice work of hiking and mountain-biking trails.

The real prize, aside from shoreline access points such as Makena Landing, is 1,300 acres of vacant land. That's because Makena Beach & Golf resort also has an assortment of lucrative Maui County residential and commercial entitlements for further development, which County Council members approved at the end of 2008 to spur construction jobs that never materialized.

Dowling, who also has said he would like to regain ownership, had planned to build a luxury-home subdivision and spa, among other amenities, and rebuild the 310-room hotel - before the bottom fell out of the economy.

Without enough cash from pre-sales coming in, he lost the capital required to continue with a project estimated to be worth billions when hundreds of homes, time-share units and condominiums were finished after more than a decade of construction. Many county officials have said they are hopeful that once the economy rebounds, Makena Resort, and all the work and contract dollars it would provide to Mauians, will get back on track.

Prince Resorts Hawaii quit as the resort's management in September, after operating the property since the early 1980s. The court-appointed receiver, Miles Furutani, replaced Prince Resorts with the Mainland company, Benchmark Hospitality International, to oversee the hotel, golf course and land until the resort is acquired by a new owner.

General Manager Kelly Lewis has said Benchmark has substantially improved the resort's financial performance.

In the meantime, the management company also has been able to retain dozens of employees.

Courtesy of Chris Hamilton, staff writer at The Maui News.

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Resort Real Estate Market Hits Bottom, Analyst Reports

Posted: March 10, 2010

The state's resort real estate market is not out of the woods yet, but Honolulu analyst Ricky Cassiday said he believes he has detected signs that it finally touched bottom in the last quarter of 2009.

The woods were dark and deep. Resort residential real estate - both condominiums and single-family houses - did a gross business of better than $2.5 billion in 2005, 2006 and 2007. The slump brought the total down to less than $1.7 billion in 2008 and to $1.3 billion last year.

Cassiday, whose consultancy, Data@Work, sees signs of a turnaround in the price slump. Average prices fell 20 percent in 2009. Despite the crash in the number of transactions, which dropped by more than half, Hawaii resort real estate prices kept going up.

The Ho‘olei condominium project in Wailea came on line after the resort real estate peaked in the second quarter of 2007. Now, it appears prices may have bottomed out, according to Honolulu real estate analyst Ricky Cassiday.

But that was a false signal. Developers rushed to build on all islands, selling units up front for high prices. But it took typically two years to build, and a project begun in the flush times of 2006 looked much different to buyers in 2008.

Some sued or negotiated to get out of or adjust contracts, others faced the prospect of finding loans to close on properties at old prices.

Thus, even in 2008 average prices rose a little, just 1.1 percent.

Now, however, reality has set in. "You bought it three years ago. Now you have to close," said Cassiday in a telephone interview Monday. Or, if the buyer cannot manage it (because mortgages are not so easy to obtain), the developer takes it back, "and it comes on the market as a resale," even if it is brand new.

As a result, the average closed price in 2009 was $1,240,831, down from $1,552,536 in 2008, which was the record year for prices.

That is why Cassiday breaks out the resale market, which "is unaffected by developer closings," separately.

That tells a much different tale. Prices peaked in the second quarter of 2007 at $1.5 million and fell steeply to $1 million by the middle of 2009. Since then, they have stabilized.

And as prices have stabilized, transactions have soared, from about 125 per quarter to about 200 in the last quarter of last year.

Another sign that the market may be getting ready to turn is the appearance of bargain hunters. Whether you characterize them as thrifty shoppers, bottom feeders or vultures, Cassiday said he sees people with money looking around for deals.

Taking the 30-year view, there have been only four periods when average resort retail prices did not rise: a slight but short dip in 1985, a slight but prolonged dip from 1991 to 1996, a short, sharp dip after Sept. 11, 2001, and now the steepest, sharpest drop ever.

That is for the market as a whole. As the resale figures show, the real fall in the perception of values began as early as 2007 and has now lasted three years - about half the length of the mid-'90s downturn.

Courtesy of Harry Eager, staff writer at The Maui News.

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Maui Voted Best Place for a Second Home

Posted: March 8, 2010

AT LONG LAST, THE MARKET FOR LUXURY REAL estate is coming back to life.

Prices for primary residences, which plunged at least 20% from the peak in 2007, appear to have bottomed. In some of the snappiest locations, scattered bidding wars are breaking out and prices are turning upward. In Greenwich, Conn., realty brokers say, the final months of 2009 were almost record-setters for sales volume, as two years of pent-up demand was unleashed. Even the megadeal is back. In Beverly Hills, film producer Jeffrey Katzenberg just plunked down $35 million for an 8,700-square-foot home on six acres. There’s nothing like a stabilized economy and a huge rebound in stocks to send folks looking for the perfect manse. The return of hefty Wall Street bonuses hasn’t hurt, either.

With all that in mind, and with summer just around the corner, Barron IS sized up the market for upscale second homes, one of the greatest luxuries of all. We scoped out dozens of deluxe enclaves across the country, speaking with brokers, homeowners and others. Our conclusion:

Now could be an excellent time to buy.

Prices are way down — 40% off the peak in some locations. Seemingly at or near bottom, they are starting to attract the first wave of bargain hunters — and not just families in need of R&R.

Hard-nosed investors also are on the prowl, says Jan Reuter, head of residential real estate at U.S.Trust Bank of America Private Wealth Management: “We’ve seen an uptick in buying in just the last couple of months.”

To help you in the hunt, Barron’s has selected the 10 best places in America for second homes.

These alluring locales have it all: gorgeous houses, spectacular views, world-class golf, fishing and skiing, fine dining and great shopping. You’ll find the complete range of lifestyles, from peaceful and easy to vigorously social.

Some warnings:

  • Our selections are every bit as subjective as tastes in homes themselves.
  • The prices cited are based mainly on conversations with locals, because hard data isn’t available.
  • Your plush new retreat may take some time to rise in value. Serious appreciation will require a better economy and, quite possibly, another big rally in stocks. But hey, you could do worse than marking time in paradise.

1. Maui Consistently rated the “Best Island in the World” by travel experts, this Hawaiian beauty underwent a growth spurt during the past decade that some critics bemoaned as excessive. But the southern coast, anchored by the hamlet of Wailea, has weathered it all well. One of the first master-planned resort communities in the nation, it’s a balanced blend of understated gated communities, luxury resort hotels, three excellent golf courses, a tennis center and, of course, several crescent sandy beaches. Wailea has 500 single-family homes, and their views are stunning: lush, verdant hills, brilliantly blue ocean and, after the steamy sun showers, rainbows over the horizon.

Median Price: $l.5 million
Drop From Peak: 27%
Neighbor: Oprah Winfrey

2. Kiawah Island, S.C. Languid elegance defines South Carolina’s coast, and Kiawah, just off Charleston, may be its ideal expression. The island has one developer, Kiawah Development Partners, and an architectural review board that protects the 4,500 or so properties from the excesses often seen when wealth meets water. It has 10 miles of hard-sand beaches and abundant wildlife: bobcats, gray foxes, loggerhead turtles and more. Its Ocean Course has long been favorite of golfers; it hosted the 2007 Senior PGA Championship. Want to tee up some culture? Charleston is just 45 minutes away.

Median Price: $1.4 million
Drop From Peak: 21%
Neighbor: Dan Marino

3. The Hamptons Long the favored retreat of high-powered New Yorkers, the Hamptons are a just now experiencing a fresh jump in home sales, realty brokers say. Credit the revival in Wall Street bonuses. Southampton, bastion of old money, is known for its grand estates, but lovely homes can be found in what not long ago were potato fields. In chic East Hampton, the choicest real estate is on Georgica Pond. Alas, most of the area’s finest properties never come to market. Once you own a home in the Hamptons, you own it forever.

Median Price: $1.5 million
Drop from Peak: 30%
Neighbor: Steven Spielberg

4. Park City, Utah Skiers love Park City for its powdery winters, but homeowners relish the summers, too. The crowds thin out, life slows down and the tall aspens lining the nearby Wasatch range shimmer in the breeze. The onestreet Old West downtown is dotted with classic Victorian houses, while Deer Valley, an understated year-round resort community, sits on the eastern edge. Its namesake ski hill has been crowned by readers of Ski Magazine as North America’s top ski resort for three years running. For $100,000, you can join the nearby Talisker Club, with links designed by PGA Tour Champion Mark O’Meara. Bonus: Salt Lake City International Airport, a Delta Air Lines hub, has direct flights to the East and West Coasts.

Median Price: $1 million
Drop From Peak: 45%
Neighbor: Robert Redford
BJ Adams and Co. Real Estate

5. Aspen, Colo. Aspen isn’t just a year-round playground; it’s also a cultural oasis, the home to the Aspen Institute think tank, a world-class symphony, and dance and art festivals. The four major ski hills speak for the themselves. The Maroon Creek Club includes a challenging golf course designed by Tom Fazio. The city’s West End has a mix of 19th-century Victorians and modem abodes not far from the “beachfront” -downtown neighborhoods within walking distance of the lift. The posh shopping is so good that some folks never find their way up to the trails.

Median Price: $5.6 million
Drop From Peak: 6%
Neighbor: Jack Nicholson

6. Pebble Beach, Calif. Golfer Jack Nicklaus once said that if he had one last round to play before he died, it would be at Pebble Beach. The site of four U.S. Opens, The Links are rated the No.1 public course in America by Golf Digest for 2009-10. There are several other public and private golf courses within the guarded gates of the verdant Del Monte Forest, which surrounds the community of Pebble Beach. Stunning estates not far from the first tee offer sweeping views of Monterey Bay. Duffers who buy in can play the Golden Bear’s dream course every day.

Median Price: $1.1 million
Drop Since Peak: 20%
Neighbor: Clint Eastwood

7. Palm Beach This Florida island hovers above reality, and at $30 million-plus, so do its finest pads. Oodles of socialites and tycoons wouldn’t have it any other way. Neither would Jimmy Buffett, Rush Limbaugh and too many other boldface names to mention. In addition to the never-ending social whirl, residents like the shopping on W orth Avenue and the beauty of Addison Mizner’s Mediterranean-style architecture. Mortals can enjoy the town by buying “over the moat” — in Jupiter, North Palm Beach, Palm Beach Gardens and Delray Beach.

Median Price: $3.5 million
Drop From Peak: 11%
Neighbor: Henry Kravis
Sotheby’s Int Realty

8. Captiva/Sanibel Island, Fla. Sitting off the coast of Fort Myers, a nerve center of America’s foreclosure crisis, the barrier islands of Capti va and Sanibel are the very picture of laid-back living. Linked by a bridge at Sanibel’s northern point, the islands are renowned for their pristine beaches and abundant seashells. Then there are the hiking trails; half the island is a nature preserve. The late Robert Rauschenberg is, even in death, one of the largest landowners. His 35-acre spread, complete with studio, is intact on Captiva’s northern end. Barron’s Penta inaugural list of second-home communities from the Hamptons to Hawaii.

Median Price: $3.5 million
Drop From Peak: 40%
Neighbor: Ted Koppel

9. Asheville, N.C. Nestled in the mountains of North Carolina, Asheville offers a four-seasons lifestyle with just enough culture and good restaurants to keep urban-withdrawal pangs at bay. Some homebuyers come from the Northeast, and many come from Florida to beat the heat. The locals call them “halfbacks,” since Asheville is halfway up the East Coast. The town has a university and a thriving art scene. We like the 1 920s-vintage Tudor homes in the Biltmore Forest district, once part of the adjacent Biltmore Estate. The funky Grove Park neighborhood is also worth a look.

Median Price: $700,000
Drop From Peak: 38%
Neighbor: Andie McDowell
Gasparilla Properties

10. Gasparilla Island, Fla. Katherine Hepburn used to rent a beach house here, and it’s easy to see why. The small island off Florida’s southwest coast has been lovingly preserved: The Gasparilla Act, a state law passed in 1980, put a tight lid on population density, building heights and commercial development. Golf carts — some customized to resemble ‘57 Chevys — are the favored mode of transportation. The historic downtown has gracious homes, and the waters around the island are renowned for tarpon fishing. To check it out, check into the plush Gasparilla Inn.

Median Price: $1.8 million
Drop From Peak: 18%
Neighbor: Harrison Ford, frequent visitor

Courtesy of Steven M Sears, Barron's.

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Home Sales on Maui up 56% in February

Posted: March 5, 2010

Sales were up but median prices were down for homes sold on Maui last month.

The Realtors Association of Maui reported that single-family home sales rose 56 percent to 53 in February from 34 in the same month last year. The median price fell 7 percent to $507,200 from $545,000.

Condominium sales on the Valley Isle rose 12 percent to 94 from 84 in the comparable period. The median condo price was down 38 percent to $429,000 from $692,500.

Some of the rising demand is coming from buyers trying to cash in on federal tax credits for home purchases and on lower prices, according to brokers.

"The market seems to be getting its footing generally, as we grind out of the bottom end of the market," said Terry Tolman, chief executive of the trade association.

The median price of single-family homes on Maui has been falling for the past three years, and in 2009 was at roughly the same level it was in late 2003 — $500,000.

In Maui's condo market, median prices last year fell for the first time since Hawai'i's broad housing market downturn. The 2009 median declined 18 percent to $450,000 from $550,000 a year before.

The condo median price drop in February was particularly large partly because of weak prices and also partly because of the mix of units sold, association data shows.

Maui's largest condo market, Kīhei, had more sales — 29 last month compared with 21 a year earlier — but the median fell 31 percent to $265,000 from $385,000.

In the second-largest condo market on Maui, Kā'anapali, there were 25 sales for a median $915,000 last month. That was up 6 percent from an $865,000 median a year earlier. But the number of sales was down by half from 50.

Even though the median was higher for Kā'anapali condos, the big falloff in sales translated to a smaller proportion of high-end condos in the island-wide total.

The median is a point at which half the sales are for a higher price and half are for a lower price, so a smaller proportion of luxury condos will drive the median lower.

The Realtors Association of Maui's methodology also tends to sway the median because it includes both previously owned and new homes in its data. New homes tend to be pricier, and can produce big gains in sales when multi-unit projects are completed.

Courtesy of Andrew Gomes, staff writer at The Honolulu Advertiser.

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Hotel Wailea Tied Up in Foreclosure

Posted: February 28, 2010

WAILUKU - In 2008, a group of Honolulu businessmen decided to attempt to revive the Diamond Resort at Wailea, described as tired and dated since it had not been updated since its opening two decades earlier.

That required them to consolidate the ownership, which had been dispersed among 1,400 owners in Japan. And that generated lawsuits.

Most of those challenges were dismissed by 2nd Circuit Judge Joel August earlier this month, but both the challengers and the rehabilitators apparently are likely to be left with nothing, since a Mainland lender has foreclosed on the property.

The resort continues to operate, now as the Hotel Wailea. The lenders have asked the 1st Circuit Court for the right to bid their debt at the foreclosure auction (which is some time off), so they will most likely end up owning the hillside spa. But the lenders have not said what their long-range plans are.

In a hearing Tuesday, August expressed some puzzlement about exactly what the legal description of the property is.

The Hotel Wailea, formerly known as the Diamond Resort at Wailea, continues to operate its 72 suites and landscaped grounds Friday despite being embroiled in a complex foreclosure proceeding in the state’s 1st and 2nd Circuit Courts.

But he said he was certain that, under Hawaii law, it was never a time-share property.

Junsuke Otsuka, representing three of perhaps 300 remaining minority owners, had tried to have the property treated as a time share for purposes of fixing responsibility among many different entities that have partial ownership, or were managers or who have potential liabilities under the complicated tenure.

August repeatedly told Otsuka that matters he was bringing up "belong in Osaka district court." In the end, he dismissed most of the defendants but gave Otsuka a few weeks to bring an amended complaint against a narrow category of parties: a category that defendants' lawyers said may not have any members.

In that case, Granite Fund IV, an investor group based in Virginia, may have practically gotten its hands on a unique Hawaii resort.

Diamond Resort began during the period when the yen was riding high and Japanese investors were transforming the bare blue rock of Wailea by building the Grand Wailea Resort Hotel & Spa (originally Grand Hyatt) and Four Seasons Resort on the beach.

Up above, a Japanese firm that managed hot springs spas in the mountains of Japan made its first venture abroad, building a Japanese-style mountain resort in South Maui - with artificial springs and no pine trees or cool streams, but with a fancy Japanese restaurant, furos in the suites and other Japanese touches.

It was marketed to Japanese members of Diamond's existing resorts as a tropical version of what they were familiar with, reportedly at prices of $80,000 to $100,000. There were 1,400 of them, more or less, and the subsequent history demonstrates the difficulties of managing a Hawaii resort with dispersed ownership.

Although it was not a condominium or time share under state law, it had some familiar features, including a yearly maintenance and common tenancy charge. This was low, only a few hundred dollars, and apparently it was never raised.

Not only was maintenance deferred, but the Diamond Resort Hawaii Owners Association is listed at the top of Maui County's list of real property tax delinquents of more than three years standing, owing $193,000.

Over the years, many of the 1,400 interests were bought up by the operator, and in 2008 Black Diamond Hospitality Investments bought up those interests. Since then, it has attempted to corral the rest. However, as of last week, it had reassembled only a little more than a thousand, leaving between 300 and 400 original members or their successors.

What these people owned was not real estate, August concluded after reading the documents several times. "It is unclear how they are to be described," he said.

He was initially concerned that all the parties in interest be informed, and when he was told they had not been, that slowed the plaintiff's lawsuit down dramatically. The complaint had already been in U.S. District Court in Honolulu, which eventually remanded it to state court.

After telling Otsuka that he would have to notify all the potential parties, August turned to the question of whether Otsuka wanted a receiver appointed for the property. Otsuka somewhat reluctantly said he wasn't asking for one immediately. August told him that if he said he wasn't, that would be final in his court. He would not be able to change his tactics later.

So Otsuka gave up on the question of a receiver. The four defendants' attorneys were smiling at that, and they were even happier when August dismissed a block of claims.

In the end, in the interest of simplifying the process, August dismissed all claims, with a provision that Otsuka could file an amended complaint later, but only if the entity was a Hawaii nonprofit corporation. But there may not be any target that fits that category.

Meanwhile, Granite Fund IV filed a foreclosure action earlier this month against Black Diamond Hospitality Investments LLC, Diamond Resort Hawaii Owners Association, Diamond Resort Hawaii Corp., Diamond Resort Management Inc., Janic Corp. and Kiyoko Kimura, who had managed the resort for Diamond. All except the first were listed as junior claimants to the property, if they had any claim at all. And the first four were the targets of Otsuka's lawsuit.

What had happened was the Black Diamond, formed for the purpose of taking over the resort, had borrowed $16.5 million from Central Pacific Bank. CPB, under financial pressure from real estate loan losses in California, sold its loan to Granite in December.

This would leave Otsuka's clients, if they could eventually establish a claim, at the end of a long line of junior creditors, none of whom is likely to get anything. Meanwhile, Black Diamond had given a contract to Aqua Hotels & Resorts, which is managing the 72-suite resort as the Hotel Wailea.

Courtesy of Harry Eager, staff writer at The Maui News.

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Developers Aim to Stall on Projects

Posted: February 24, 2010

WAILUKU - When Towne Development of Hawaii started selling affordably priced homes in its 2,000-home Kehalani subdivision in Central Maui in the 1990s, customers would wait in line for hours to get on the buyers' list.

Fast-forward to Tuesday, and the developers went before the Maui Planning Commission to ask for their own wait: They want to hold off, up to two years, on finishing their almost completed Ke Ali'i Ocean Villas and Moana Estates residential housing subdivisions in Kihei.

While the housing market shows signs of improvement, Towne Development still wants more time before it must complete 144-unit condominium and 90-lot single-family home projects, said Christopher Lau, president of Towne Development of Hawaii in Honolulu.

Sales have slowed down, so the company wants to curtail construction to remain financially responsible, Lau told commissioners. However, he told commissioners he doesn't want to wait too long, so Towne Development is positioned properly when the real estate industry on Maui regains its momentum.

On Tuesday, the Maui Planning Commission deferred a decision on whether to grant a two-year time extension on completing the projects mauka Kamaole I Beach Park, behind the ABC store. The two projects were due for completion this month and in April as conditions of the special management area use permits that Maui County granted Towne Development five years ago.

Lau said only 33 of Ke Ali'i Ocean Villas' 144 condos are not yet finished. Eight of the 11 buildings that house the condos also have been built, with a ninth almost completed.

"We hope to start the last two buildings this summer," Lau said.

Lau said the developer needs a little extra time for the housing market and bank lending to pick up.

As for the housing subdivision, which is called Moana Estates or Ke Ali'i Kai Phase II, Lau said that every lot has been improved, and all but 11 homes have been built. A two-bedroom, three-bathroom house in Moana Estates goes for $725,000, according to online real estate listings.

The first phase of the development is called Ke Ali'i Kai. Finished recently, the project contains 95 homes and is located by the other two subdivisions next to Kamalii Elementary School.

Lau also said the company will continue to meet its obligation and finish work on a north-south collector road for the Moana Estates development, which sits along Kanakanui Road near Piilani Highway.

Lau is busy these days. In addition to running Towne Development, a judge recently appointed Lau as the commissioner in charge of selling Makena Beach & Golf Resort, which is the former Maui Prince Hotel and Makena Resort. Last year, the hotel's and resort's lenders foreclosed on its prior owners, Everett Dowling and Morgan Stanley Real Estate.

Courtesy of Chris Hamilton, staff writer at The Maui News.

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Maui Ends Turbulent Occupancy Year of 2009

Posted: February 16, 2010

Maui finished a "turbulent year" with an occupancy rate of 62.1 percent for 2009. That was down from an already low 67.9 percent in 2008.

The numbers were reported today by Hospitality Advisors. President Joseph Toy said, "2009 has been a very tough year for the visitor industry both in Hawaii and nationally."

Statewide hotel revenues were $741 million lower last year than the year before, for a total of $3.59 billion.

Statewide, there was a slight uptick in business in December, and Maui enjoyed some of that. December occupancy was 62.3 percent, up from 57.4 percent 12 months earlier.

That was the result of aggressive discounting, so Maui resorts made less money even if traffic was up. This is not all a bad thing.

John Durkin, chief financial officer at Maui Land & Pineapple Co., points out that more people mean more tips, more purchases of activities and meals, and in general a somewhat brighter overall picture, even if the owners of the hotels don't get much joy out of it. ML&P's Kapalua Villas made extra efforts to drive up occupancy over Christmas with golf packages, and other resorts also were successful in driving occupancy.

The price came in RevPAR (revenue per available room). It was $168 on Maui in December, down from $175 the year before.

For the whole year, it was $144, down $40 from the $184 of 2008.

Statewide, the rate cutting and some easing in the general economic conditions held the decline in occupancy from 2008 to 4.0 percentage points to 70.5 percent. But the decline in average daily room rates was 12.6 percent, which Toy called "substantial."

As a result, statewide RevPAR dropped from $142 to $117. Maui's decline was by far the steepest, just as Maui's rise in the record year of 2007 had been the best.

Oahu RevPAR dropped from $127 to $110; the Big Island from $122 to $101; and Kauai's was the only county to almost match Maui, declining from $145 to $112.

Hospitality Advisors said declines were evident in almost every location and class of property.

Wailea, by far the most expensive destination in the state, saw daily rates cut from $436 to $362, and RevPAR drop from $288 to $228.

At the other end of the scale, budget hotels (concentrated in Waikiki) slashed their rates from an average of $98 to $86, and they saw their RevPAR drop from $74 to $63.

Over recent years, Hawaii has dropped 8,000 guest rooms, Toy said, from closures and conversions. Without that contraction, the impact in 2009 would have been even more severe.

Not only did almost every area of the state lose business, at the producing end almost every category of business shrank:

The Hawaii Tourism Authority, which tracks head counts, said traffic from the eastern states dropped 7.2 percent, and from Japan 4.9 percent.

The lucrative meetings, convention and incentive group category shrank by 14.5 percent, group tours were off 19.8 percent and independent travelers were down 2.3 percent.

Most of the decline came in the first nine months. The U.S. economy expanded in the fourth quarter. Hawaii's visitor industry did not expand then, but the shrinkage was lessened.

Despite Hawaii's unfavorable status during a recovery as the farthest and (usually) most costly destination - it will be expected to lag other vacation spots, Toy said. Hawaii's overall appeal, relatively, seems unimpaired. It remains among the top five destinations nationally in the three categories of occupancy, average daily room rate and RevPAR.

Smith Travel Research, which compiles the statistics for Hospitality Advisors, ranked New York City first in occupancy, 77.2 percent, and San Francisco second, 71.6 percent. Hawaii's 66.5 percent was third, ahead of Miami and Washington, D.C.

New York led in room prices, averaging $215, followed by Hawaii, $176 and - far behind - Washington, $145, Miami, $141, and Boston, $137.

Again, New York may have been the epicenter of the financial meltdown, but its hoteliers are doing relatively well. In RevPAR, they averaged $166, followed by Hawaii, $117, San Francisco, $96, Washington, $94, and Miami, $92.

Las Vegas is a universe unto itself and does not participate in the Smith Travel compilations. The Las Vegas Convention and Visitors Authority reported that its citywide occupancy rate last year was 81.5 percent (85.3 percent for hotels), with overall business off by 4.5 percent.

Courtesy of Harry Eager, staff writer at The Maui News.

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Maui Home Sales up 48% from 2009

Posted: February 9, 2010

Maui's housing market experienced dramatic swings in sales of single-family homes and condominiums in January compared with the same month a year earlier.

There were 46 single-family home sales on the Valley Isle last month, a 48 percent rise over 31 in the same month a year before, according to the Realtors Association of Maui.

The strong gain coincided with big jumps in January sales reported earlier on O'ahu, Kaua'i and the Big Island. But for Maui the jump came off a dramatic year-ago low.

Sales in January 2009 marked a low for any month since February 1997, according to trade association data.

Also lackluster was the median sale price that was down 16 percent to $469,000 last month from $558,000 a year earlier.

The number of Maui condo sales was down 31 percent to 71 last month, from 108 a year earlier. Again, the year-ago figure was somewhat of an anomaly as the most for any month since 2007 when Hawaii's housing market was still hot.

A new condo project in Ka'anapali called Honua Kai helped produce many of the sales in January 2009, according to Terry Tolman, chief executive of the Realtors Association of Maui, which includes sales of previously owned and new homes in its data, unlike data compiled by the Honolulu Board of Realtors that excludes new-home sales.

The median price for Maui condos was down 47 percent to $424,000 last month from $805,000 a year earlier. Again, the swing was influenced by the Honua Kai project. In Ka'anapali, there were eight condo sales last month for a median $722,500. A year earlier, there were 69 sales for a median $1.17 million.

The median is a point at which half the sales were for a higher price and half for a lower price, so a large number of new luxury condos will push the median higher.

Courtesy of Andrew Gomes, staff writer at The Honolulu Advertiser.

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Wailea Homes for Sale

Here are the active MLS listings for the Maui homes for sale in Wailea Makena with property photo gallery, listing information and closed home sales for the previous six months. Browse our featured beachfront residences in Wailea Makena resting along the Gold Coast of Maui. Many of these luxury residential properties are within gated subdivisions featuring highly appointed interiors. The available oceanfront homes in Wailea are at Black Sand in Makena, Keawakapu Beach, Makena Place, Maluaka at Makena, Maluhia at Wailea and Palauea Beachfront. Contact us for additional information on the luxury Hawaii homes for sale in Wailea Makena.

Wailea Makena Subdivisions

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Wailea Makena Resort

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Real Estate Getting its Footing - Only Slowly: Wailea Makena Real Estate News

Posted: January 9, 2010

Maui County real estate finished 2009 as it began, in the doldrums.

The number of condominiums sold rose a little, while the number of houses sold declined a lot. But condo prices fell sharply, while single-family prices dropped 14 percent - not bad compared with many locales on the Mainland.

Terry Tolman, chief staff executive of the Realtors Association of Maui, said the market "seems to to getting its footing," since the amount of inventory on hand is declining. The word decline is relative, however.

There are enough houses available to satisfy current buyer appetite for the next 11 months and enough condos to sate them for a year and a half.

Moreover, Tolman cautioned when releasing the 2009 Multiple Listing Service summary Friday, that inventory includes a lot of short sales and bank-owned properties, which are usually more trouble to get rid of, unless the sellers are willing to slash prices.

Tolman always includes a suggestion to owners (and the agents who advise them) in his monthly reports: Don't put your property out if you are "just fishing." This month, he made the suggestion more like a stern warning: "Clear the marketplace for those who really have to sell."

With dozens of foreclosure notices being advertised each week, there are many who have to sell.

For those who did have to sell a single-family house last year, the average price achieved was $713,946 (with a range from $2.5 million at Wailea and $2.2 million at Kapalua to $431,452 in Makawao-Olinda-Haliimaile). In 2008, the average was $830,578, and at the end of 2007 it was $920,807, so the average price of a house on Maui has declined by more than $200,000 in two years.

For condos, the average last year was $719,993 (with a range from $1.8 million on Lanai and $1.5 million in Wailea-Makena to $207,210 in Central Maui). In 2008, the average was $920,468, and at the end of 2007 it was $816,867, so the price of a condo has fluctuated but dropped on average $100,000 over two years.

Median prices, which mark where half the sales were for more, half for less, help exclude the effects of rare sales of very expensive houses (which do not always show up in the MLS anyway), revealed smaller but still large declines over the past two years.

The median single-family price last year was $498,106 (with a range from $2.3 million at Kapalua to $471,500 in Pukalani and $371,250 in Central Maui; and much lower medians on Lanai and Molokai). In 2008, the median price was $577,774, and at the end of 2007 it was $630,069, so the median has fallen about $160,000 in two years.

The median condo price last year was $450,000 (with a range from $1.9 million on Lanai and $1.3 million in Wailea-Makena to $190,000 in Central Maui). In 2008, the median was $550,00, and at the end of 2007 it also was $550,000, so the median has dropped $100,000 over two years.

Even after the declines, Maui County housing is still very high compared with national averages. According to the National Association of Realtors, the average single-family price in November (the latest survey) was $172,600, and for condos and cooperatives, $178,000. That's a decline of $48,000 for both houses and condos over two years.

Courtesy of Harry Eager, staff writer at The Maui News.

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Certified Residential Specialist (CRS)

Certified Residential Specialist (CRS)The Certified Residential Specialist (CRS) is the highest Designation awarded to real estate agents in the residential sales field. The CRS Designation recognizes professional accomplishments in both experience and education within the real estate industry. Since 1977 the Council of Residential Specialists has been conferring the CRS Designation on agents who meet its stringent requirements. Currently there are more than 35,000 active CRS Designees out of the estimated 1,000,000 licensed real estate agents world wide. Of the 1,350 licensed Maui real estate agents, just under 50 hold the CRS designation.

Experience and Ethics of a Wailea CRS

A hallmark of the Certified Residential Specialist isn't just the advanced training and education they receive. Just as important is the marketplace expertise they bring to the sale, or purchase of your condominium in the Wailea & Makena Resorts. To earn the Certified Residential Specialist Designation, every Wailea Realtor® must have significant experience and a number of real estate transactions.

The strict requirements are your assurance that your Certified Residential Specialist is able to apply their education in the real world, giving you the knowledgeable, skilled service you expect. Ethics aren't just important in a Wailea Realtor®, they are essential and should be expected. That's why every Certified Residential Specialist is required to maintain membership in the National Association of Realtors® and to abide by its strict Code of Ethics. That means, when you work with a Certified Residential Specialist in the Wailea & Makena area, you can rest assured you are dealing with a trained real estate expert who will treat you fairly and professionally every step of the way.

Property Ownership has its Risks

Whether you are looking to purchase, or sell a luxury condominium within the Wailea & Makena Resorts, you face many risks along the way. There are financial and legal risks, as well as the risk that your Wailea condominium purchase, or sale could fall out of escrow. Therefore, a Certified Residential Specialist serving the Wailea & Makena area has been trained to minimize those risks which could impact you and your family.

With that in mind, a Certified Residential Specialist is prepared to bring you the benefits of their significant experience and variety of successful real estate transactions in the Wailea & Makena areas. That expertise, combined with advanced education in areas like finance, technology and marketing, lets you know that your Certified Residential Specialist is able to make your Wailea Makena transaction a success in every way.

Technological Expertise of a Residential Specialist

Technology is changing the face of Wailea real estate on the island of Maui. More than ever, the success of your condominium purchase, or sale depends on the ability of your Wailea Realtor® to harness that technology and make it work for you. For that reason, the training required of your Certified Residential Specialist focuses extensively on technology and its effect on the Wailea Makena real estate business. You can count on a Certified Residential Specialist not just to understand technology, but to use it to make your real estate transaction a worry-free experience.

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Wailea Oceanfront Condos

The island of Maui is known for its luxury oceanfront condominiums within the resort towns of Wailea and Makena. The Hawaii beachfront condos for sale in Wailea and Makena demand some of the highest prices for real estate on Maui. With panoramic ocean and island views to resort style amenities, it is not hard to understand why investors choose the South Shore as their second-home destination. Contact us anytime with questions regarding our oceanfront condominiums for sale in Wailea Makena.

Beachfront Resort Condominiums

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Graduate Realtor® Institute (GRI)

Graduate Realtor® Institute (GRI)When you see the letters "GRI" after a Wailea Realtors® name, you can count on getting the best service available from a real estate professional. Graduate Realtor® Institute (GRI) designees are trained to understand new technologies, laws and procedures that will keep them at the forefront of the real estate industry in Wailea Makena. Only members of the National Association of Realtors® who are committed to adhering to a strict Code of Ethics can use the term Realtor® and only Realtors® can earn the GRI designation.

  • Recognized as top performers in the Wailea Makena real estate community.
  • Professionally trained to some of the highest standards in the industry.
  • Knowledgeable with all aspects of the real estate transaction.
  • Dedicated to bringing you quality service with integrity and honesty.
  • Leader in real estate marketing through direct mail and online presence.
  • Knows the local market and can provide insight you might not find elsewhere.

Buyer Benefits for Using a Wailea GRI

Buying property within the Wailea and Makena area is a complex and stressful task. In fact, it's often the biggest single investment you will make in your lifetime. At the same time, real estate transactions have become increasingly complicated over the years. When purchasing a residential, or condominium property, it’s a good idea to surround yourself with knowledgeable people within the Wailea Makena real estate industry by using a Graduate Realtor® Institute designee.

  • Helps you determine how much property you can actually afford, as well as suggest additional ways to accrue the down payment and explain financing options.
  • Has remote access to hundreds of up to the minute Wailea Makena listings and can evaluate those properties in terms of affordability and suitability.
  • Supplies information on Wailea Makena real estate values, taxes, utility costs and may be aware of proposed zoning changes.
  • Can suggest changes within an available property that could make it more suitable to your needs.
  • Has no emotional ties to available properties in Wailea Makena, therefore they can point out advantages and disadvantages from an objective point of view.

Seller Benefits for Using a Wailea GRI

According to the National Association of Realtors® (NAR), the median home price for sellers who use a licensed agent is 16% higher than a home sold directly by the owner. Selling a property in Wailea Makena is a complex transaction that takes time, effort and expertise.

  • Can help set a realistic, competitive list price and figure the approximate net proceeds from the sale based on types of loans, the seller’s outstanding loan balance and escrow closing costs.
  • Ensure potential buyers are financially qualified prior to showing your Wailea Makena property.
  • Will advise prospects of all aspects and conditions of your home, even faults you don’t intend to fix, protecting you from later objections.
  • Handles most aspects of the selling process which includes: phone inquiries, making appointments, open houses and showings along with potential buyer follow-ups.
  • When acting as the seller’s agent, a Wailea GRI maintains objectivity in responding to criticisms by the buyer and in presenting offers and counter-offers until an agreement is reached.

Why Choose a GRI for Representation

Wailea Makena real estate professionals who have made a commitment to providing a superior level of professional services to their clients, choose to earn the Graduate Realtor® Institute (GRI) Designation. Realtors® with the GRI designation are highly trained in many areas of the Wailea Makena real estate market and are prepared to perform at the highest level of professionalism, with a keen understanding of the escrow transaction and what it takes to help their clients achieve their investment goals. They understand the home buying and selling process, and have the experience necessary to adapt to the ever-changing real estate industry within the Wailea & Makena Resorts. Less than 1% of all licensed Realtors® on the island of Maui have earned the GRI Designation.

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Wailea Point Village

Here are the active MLS listings for the Maui oceanfront condos for sale in Wailea Point Village with property photo gallery, listing information and closed condo sales for the previous six months. This Wailea condominium development includes 129 fee-simple beachfront residential condos of 2, 3, or 4 bedrooms with 2, 3, 4, 5, or 6 bathrooms and interiors ranging from 1,287 - 4,813 square feet. Visit our other page for Wailea Point to view detailed project info, site-map, floor plans, satellite map and virtual tour. Contact us for additional information on the luxury vacation condominiums in Wailea Point Village, or to schedule a private viewing of a Wailea condo for sale on Maui.

Other Wailea Makena Condominiums

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