Offering one of the most unique value propositions on Maui, the luxury villas known as Andaz Residences have garnered much interest and speculation as to the sales of the available 12 units. And on November 15th, the first two sales were recorded and they are quite impressive.

Both villas in the most sought-after building, Building D, were sold. Both are 4 bedroom / 5 bathroom luxury residences with over 3,900 square feet of interior living space atop some of the most desirable real estate in Wailea. Unit D-1 sold for $11,395,000 and Unit D-2 sold for $10,730,250. Now with the high mark set, the rest of the units are poised to follow, with each presenting its own unique value proposition. 

Considering the purchase of a luxury Andaz Residence?

The Maui real estate market continues its upwards ascend and enjoys sustainable growth, yet for the savvy investor who is able/willing to act quickly, there are still strong values. Below are a few within different price points:

Hale Pau Hana 15

A short sale in an iconic beachfront property in one of the most sought-after beaches on Maui. This 1 bedroom / 1 bathroom unit offers panoramic views and boasts 702 square feet of interior living space.

Kapalua Bay Villas REO (Foreclosure)

For the buyer who is willing to excercise a high amount of patience and perserence, this unit is a arguably in one of the best locations within the complex. Kapalua waterfront living at its finest.

Residential Condo in the Heart of Kihei

Seeking

As the Honua Kai micro-market continues to rebound and is bracing for the upcoming high season - when we expect another upsurge in activity and inventory absorption - it is important to note some relevant news:

There is an approved increase in the HOA fees by a bit over 5%, taking the fees to $1.42 per square foot of interior living space. Note, the outdoor living space is NOT included when calculating HOA fees. This increase will become effective on January 1st. 

We keep abreast of the latest Honua Kai Resort and Spa so our clients receive the most up-to-date information available. Questions about selling or buying a Honua Kai condo? Contact us at alex@mauirealestatesearch.com or 808.385.5034 for up-to-date information about this and other

As 2013 winds down to a close and the slow season (September/October) inevitably leads to high season (starting mid December), it becomes pertinent to be informed of micro-market conditions. And with a strong emphasis on the Honua Kai condos for sale, we serve regular updates to keep our clients abreast of market trends/conditions.

As such, let us look at Honua Kai sales activity in the month of October:

New Listings

Hokulani 718 - 1 bedroom / 1 bathroom, 700 square feet, on the southern edge of the Hokulani tower. Priced at $869K.

Konea 329 - 3 bedroom / 3 bathroom, 1,610 square feet, on center of the inner courtyard of the Konea tower with sweeping ocean views. It has been previously offered by the developer for some time, but now was