With the opening of Andaz Maui at Wailea, the micro-niche of the luxury sector in Wailea real estate is abuzz.  As we continue have a watchful eye on what is one of favorite properties - Wailea Beach Villas - there are particular offerings that are worthy of mention. Such is the case with WBV F-302. 

As such, let us examine the introduction of Wailea Beach Villa F-302. The luxury 3 bedroom / 3.5 bathroom villa offers 2,934 square feet of interior living space - and when paired with the massive wraparound lanai for seamless indoor/outdoor living,  increasing to over 3,500 square feet of some of the most sought-after real estate in Wailea. With exquisite high-end furnishings, custom built-ins and one of the best locations at Wailea Beach Villas, it

As the Honua Kai market activity continues - although it can be reasonably expected that there will be a slow downturn during the slow season - we maintain our pulse in the market. Noteworthy events for the week:

*  3 New Listings - This week saw the introduction of Hokulani 528 - 1 bedroom / 1 bathroom listed for $620K - Hokulani 930 - 1 bedroom / 1 bathroom listed for $730K - and Konea 840 - a large 2 bedroom / 2 bathroom with an asking price of $1.15M.

*  1 Escrow - Konea 605, which is a large 2 bedroom / 2 bathroom unit of over 1,300 square feet with unobstructed ocean views in the inner courtyard of Konea is now 'Pending'.

As always, view all Honua Kai condos for sale listed on the MLS and see below all available developer inventory

That the Maui real estate market continues its upwards trend with increasing sales activity, sales volume, and continuing demand is beyond doubt. However, the speed in which some micro-niches are shifting is simply mind-numbing - as is the case with the niche of Kihei luxury condos for sale.

Looking at stastistical data, we see a very stable market experiencing sustainable increases. Examining 2012's January through August 30 time period reveals a total of 305 sales totaling $102.88M - now move forward to same time period in 2013, there were 308 sales, but the total sales volume increased significantly to $119.27M. 

The niche of the market that can be said to have the most significant shift is the high end sector. In all of 2012, there was not a

With arguably THE best location within Ke Alii Ocean Villas, unit A-105 is sure to garner the interest of many, with its absolute prime, unobstructed view corridor and immaculate condition.

This Aqua floorplan villa features 3 bedrooms / 3 bathrooms on 2 stories of Kihei luxury living. What is also noteworthy is its listing price: $1,060,000. This is the first KAOV to be listed over $1M and based on the sustainable growth in values, it is within reason that it may become the highest-priced KAOV to sell.

Views from Ke Alii Ocean Villas A-105

In addition to boasting 1,717 square feet of interior living space and 377 square feet of lanai outdoor living, this villa includes one assigned parking stall and a one car detached garage.

Since

With an increasing interest by potential buyers in what has become one of the hottest micro-markets in Hawaii, Honua Kai condos for sale are being absorbed at a rapid pace. And the Honua Kai developer inventory still presenting attractive incentives, understanding the purchase process of developer units will benefit any interested parties. As such, let us explain in further detail:

Offer

The first step in presenting an offer is to submit a Letter of Intent (LOI), which details sales price, breakdown of funds, closing timeline, contact information, and any other relevant special terms. If the seller accepts the terms/conditions on the LOI, the buyer is then afforded the opportunity to review the public reports and the sales contract.

In keeping up with the Honua Kai micro-market, our clients expect (and deserve) to receive real-time data. In an effort to be transparent and provide as much timely information as feasible, we will be implementing weekly updates until all developer inventory has been absorbed. First, let's keep in mind that the developer inventory is NOT listed on the MLS, so let us take a look at the most recent, updated list of developer units for sale at Honua Kai:

Hokulani Developer Condos For Sale

*Note: The Honua Kai micro-market continues to evolve. This article was originally written in 08/2013 based on then-current conditions. To better reflect the market, this post has been updated/edited in 02/2020. Periodically, we will update this post but contact us for specific information*

With more and more attention by potential investors in purchasing condos for sale at Honua Kai, one of the main questions (if not THE most critical) boils down to profitability. First, let us state the obvious: Maui is a strong long-term equity market, not a short-term cash flow market. Thinking of putting 20% down for a 12 cap rate? Then Maui is not a viable option. But if one is considering investing long-term and seeing appreciation that oftentimes far outpaces

Overview   |   Sales History   |   Analysis   |   Current Trends   |    Conclusion

Since its introduction as the first Fee Simple beachfront property in Ka'anapali in over 25 years, Honua Kai has been the subject of significant coverage. And with its unique value proposition as a worldclass luxury resort with one of the best beaches in the world at its backyard, Honua Kai has been a prime target for savvy buyers looking for the perfect mix of business and pleasure: investing in a vacation property capable of generating substantial rental income.

Honua Kai Overview

With high-end finishes, a seamless integration of outdoor/indoor living, impeccably kept grounds, and amenities worthy of a 5 star hotel, Honua Kai offers real estate ownership

This week, I was fortunate enough to receive an invitation to dine at the new restaurant in the Andaz Maui at Wailea luxury resort. It was a generous offer - and one that I could not refuse. Overseen by Executive Chef Brent Martin, who brings years of experience in high-profile restaurant management at Hyatt, the new Andaz will be a culinary experience rivalled by few others on Maui.

Upon walking down to the 3rd Floor, the first thing that embraces one upon entrance is the open kitchen concept. The bar and kitchen are completely open/exposed so diners can marvel in the process of how such masterpieces are created. First, drinks: Cocktails are strong yet subtle in a perfect mariage of flavors. Now on to the food: Perhaps the menu is still being

The high-end sector of the Maui condo market has seen a significant increase in activity on the first half of 2013, when compared to the same time period in 2012.  The first half of 2012 saw 43 sales of $1M+ condos, increasing by 74% in 2013 to an impressive total of 75 sales - sales volume rose accordingly, from $86.94M to $129.74M!

A question often brought up by potential buyers of luxury Maui condos is in regards to financing - or the lack thereof.  Of the applicable 43 sales in the first half of 2012, only 21% were financed, whereas for the 2013 sales, 43% were financed - which is reflective of lenders loosening their lending criteria to be less restrictive than it has been in the past few years.  It is worth noting that only a handful of