**UPDATE: THIS UNIT HAS ALREADY SOLD SINCE PUBLISHING OF THIS POST. CONTACT US TO DISCUSS CURRENT INVENTORY**
For the most part, the Wailea condo market escaped the onslaught of bank-owned properties (REO's, 'foreclosures') that have marred the Kihei real estate market. Since 2009, Wailea has seen 30 REO condominiums sold (4.8% of total sales), compared to 290 in its northern neighbor of Kihei, which saw 290 REO condos absorbed (11.75% of total sales). In 2014, there was only REO condo for sale in Wailea - a 2 bedroom unit at the Grand Champions.
As such, when a new listing of particular interest hit the market, it is worth strong consideration - and the listing of Kai Malu 13A certainly falls in this category. The gated community of Kai Malu has
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