December 2013

Found 4 blog entries for December 2013.

With one of the most enviable beachfront locations in Hawaii, set amidst tropical garden-like acres of paradise, and luxury amenities to satisfy the most discriminating traveler, the Montage Kapalua Bay Residences is one of the most unique value propositions in West Maui. And since it was announced that Ritz Carlton would no longer be managing the Kapalua Bay Residences and the foreclosure of the previously unsold properties for $100M earlier in 2013, there has been much speculation as to who would be the new partner to bring this property to its proper place as one of the premier properties in the Pacific.

montage kapalua

And now, scheduled to be introduced for Fee Simple ownership in early 2014, the Montage Kapalua Bay is poised to raise the standard of luxury

Specializing in the Wailea Beach Villas and understanding its unique value proposition within the overall Wailea condo market, we keep a close ye of WBV activity. Interestingly enough, all of the six sales in 2013 have taken place in the second half. Recent Wailea Beach Villas sales registered a median price of $3.7M and average price of 3,471,250 - with price per square foot remaining a constant $1,630 - we are seeing Penthouse units being absorbed at a rapid pace, while the more costly front-row villas await for the right buyer.

The most recent sale was today, on December 20th, of Penthouse 507 for $3.79M. This sale is well within what has been the range for upper-floor Villas in the Penthouse building - with 405 selling for $3.75M and 505

One of the most unique and breathtaking luxury condos at Honua Kai has been listed: Konea 601. Presented by Maui Westside Properties, the 3 bedroom / 3 bathroom unit boasts 2,365 square feet of astonishing square feet of interior living space, perfectly balanced with 1,375 square feet of outdoor living space seamlessly integrated. 

Take a look at the map below for orientation of unit within the complex. It offers privacy and unparallaled view corridors, guaranteed not to be obstructed due to height and proximity to ocean.

Now let us look at the floor plan, masterfully designed to integrate indoor/outdoor living while maximing views from the living/dining areas, both master suites, all anchored around the expansive lanai.

Being arguably one of

As the year nears its end, we continue to monitor the Honua Kai real estate market for new listings, units going under contract, and closed sales. So let us take a look at the month of November and thereby make reasonable assumptions for the upcoming high season.

New Listings

Konea 837 - A studio in the newer tower with a prime location. It is priced at $769K and it is on the on-site property management program, with a very active occupancy rate.

Pending Listings

The listings below are those that went under contract during the month of November only - there are other units that are still Pending but came under contract outside of November.

Konea 432 - A large 2 bedroom / 2 bathroom unit facing the mountain, on the outside perimeter of