Makena Real Estate Update April 2013

Home to some of the most coveted real estate in the world and appealing to the world's financiers, celebrities, and dignitaries, Makena has the perfect blend of Hawaiiana and new-world luxury. And as the Maui real estate market continues to correct itself, it becomes poignant to look at Makena at a micro-level.

Makena Single Family Homes

First, let's look at active inventory, with 10 Makena homes for sale:

5065 Makena Road, offered for $3.4M ($1,301 per sq. ft.)

18 Ualei Place, offered for $4.9M ($684 per sq. ft.) - Important to note this is an unfinished home and it is a short sale.

176 Makena Rd, offered for $5.95M ($2,479 per sq. ft.) - Lowest priced oceanfront/beachfront in Makena.

22 Ualei Place, offered for $5.998M ($987 per sq. ft.) - Newly finished

38 Uweloa Place, offered for $7.95M ($1,692 per sq. ft.) - Papaanui Makena offering

37 Ualei Place, offered for $9.595M ($1,281 per sq. ft.) - Simply astonishing, superior craftsmanship.

7299 Makena Rd, offered for $9.92M ($3,057 per sq. ft.) - Older home, but with 9 acres and potential for subdivision

7421 Makena Rd, offered for $9.988M ($2,546 per sq. ft.) - Makena Ahihi Bay, luxury estate with superior quality

4950 Makena Rd, offered for $10.49M ($2,868 per sq. ft.) - Residential condominium in Makena Place

6900 Makena Rd, offered for $14M ($5,990 per sq. ft.) - The ONLY beachfront Makena home currently for sale, it is a good value for the buyer seeking the best Makena has to offer.

Now, let's take a look at the 2 Pending sales:

33 Ualei Place, offered for $8.6M ($2,113 per sq. ft.) - Meticulously maintained and impeccable attention to detail in a custom, luxury home in OPB. Although it raised some eyebrows that it would go under contract before its neighbor, 37 Ualei Place, which arguably offers better view corridors. In escrow as of 04/15/13

4690 S Makena Rd, offered for $8.49M ($2,860 per sq. ft.) - Makena beachfront properties typically command a much higher price point, so it is easy to see why this property is under contract as of 03/30/13

And finally, let's look at the 2 sales in the previous 6 months:

26 Uweloa Place, listed for $8.295M and sold for $8.28M - Arguably, the best that Papaanui Makena has to offer. Sales closed on 12/03/13

4950 Makena Rd, listed for $10.2M and sold for $9.2M - Outstanding property in Makena Place, this home closed on 01/07/13 and was purchased by a savvy luxury Maui real estate buyer.

One thing that remains constant is the allure that Makena has on a worldwide affluent audience, those who seek the best that Hawaii has to offer. With vast expertise in the Makena real estate market, we can represent buyers and sellers in the exclusive sale of Makena properties. Contact us.