Keawakapu Home Stated at $38M as Neighboring Residence Sells for $45M, Maximum on File

By Wendy Osher

Keawakapu property, 3090 S. Kīhei Street. Laptop: Courtesy Coldwell Banker Island Attributes

A Balinese and Hawaiʻi-inspired beachfront dwelling in Keawakapu, Maui is on the market, stated at $38 million. It arrives up for sale as a different property down the street, also in Keawakapu marketed for a document $45 million.

There have only been a few product sales previously mentioned the $30 million mark in the background of Maui dwelling revenue, in accordance to the listing actual estate business, which cited facts offered by the REALTORS Affiliation of Maui.

  • The initial was a private sale of 4446 Mākena Alanui Road for $41,775,000 in April 2015.
  • The next was 9 Bay Push for $37.5 million in Oct of 2020.
  • The most the latest was offered just a couple of days ago on July 30 for $45 million at 3200 South Kīhei Highway, also in Keawakapu. (MLS info suggests it was offered ahead of listing).

There have been less than 10 homes in Maui County that have at any time marketed at above the $20 million price tag, in accordance to a look for of MLS documents. 4 of all those had been together this prime extend of beach on the border of Kīhei and Wailea.

The home at 3090 South Kīhei Road was built in 2000, and capabilities five bedrooms, seven loos, and provides a whole of 6,492 living sq. toes.  

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Highlights of the residence include a big oceanfront grasp suite, a few 4-home household en-suites that contain a parlor, bedroom, bathroom, and included lānais all struggling with the ocean. In addition, there is an connected caretaker’s device alongside with a different driveway. The complete land region is 27,588 square ft.  

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Outlined by Damien Zanolini, a Worldwide Luxurious Licensed Expert with Coldwell Banker Island Attributes, Zanolini explained, “In my 20-furthermore a long time of expertise in serious estate, this is the nicest household I have ever observed. The craftsmanship is impeccable, and the privacy is unrivaled—it is the perfect beachfront assets.” 

Maui Median Property Rate Up 44.5% to $1.1 M in June

In June of 2021, the median residence profits price tag on Maui enhanced 44.5% to $1,117,500 for a one relatives home, and 26.2% to $635,000 for condominium properties, in accordance to the REALTORS Association of Maui.

Days on Market decreased 27.3% for solitary spouse and children houses and 16.1% for condominium homes. Months Provide of Inventory reduced 60.4% for single relatives residences and 81% for condominium residences.

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In its hottest regular monthly Market Statistics Report for June 2021, RAM noted that “an enhance in product sales selling prices will come with a slight decline in existing property revenue nationwide, as homebuyers struggle with declining affordability amid a absence of stock, forcing some buyers to just wait it out in hopes of much more stock and considerably less levels of competition.”

The RAM cited Commerce Division details indicating property builders are making an attempt to fulfill the increased marketplace demand from customers, with housing commences up 3.6% in May from April.

For an MLS description of the Keawakapu residence click on here:  

Take note: This story was current to include things like a freshly shut sale also in Keawakapu that was included to the MLS late Monday, Aug. 2, 2021.

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