As one of the strongest value propositions in West Maui in years, Wailele Ridge has garnered significant interest by potential buyers. Located at the border of Napili and Kapalua, Wailele Ridge offers the convenience of being minutes away from some of the most recognized amenities on Maui - from world-class beaches, to top-rated beaches, to award-winning luxury resorts and much more - while still being comparatively affordable. The 158 condos will range in size from 1 bedroom, 2 bedroom, and 3 bedroom and offer a variety of floor plans, pricing is speculated to start in the mid $400K's and go into the mid $900K's, with pricing being reflective of the unit size, view corridors, and overall location within the complex. 

Wailele Ridge Lottery -

Today's question:

Question - I'm interested in 1 bedroom condos at Honua Kai but it's kind of hard to tell where they are within the complex, can you help?

Answer - The bulk of the 1 bedroom units are on the mountain-facing sides of Hokulani and Konea towers, as well as the exterior perimeter facing towards the center, with a few stacks on the south-facing side of Hokulani and the north-facing side of Konea. There is only one stack of 1 bedroom units in the interior courtyard of either tower, that is stack '13' in the Hokulani tower. Below is a color-coded map of Honua Kai breaking it down each size type by color for easier identification. 

For those interested in the Honua Kai micro-market, read our Honua Kai blog and contact us below for

The 2015 year is going by in a flash and although we do monthly reports of the Honua Kai micro-market, it is important to have a broader overview of the market as it evolves. First, let's examine what happened in the 3rd quarter of 2015. 

New Listings 3Q15

The Honua Kai micro-market introduced 19 new listings during the subject time period. The new inventory is broken down as follows: 1 Studio (sold before listed, for comps purposes only), 4 one bedroom units, 9 two bedroom units, and 5 three bedroom residences.  The influx of over $31M in listings is welcomed as supply has been comparatively low, but the need for more one bedroom units becomes more apparent - particularly well-priced units with ocean view corridors.

Sold Listings 3Q15

Nine

With much fanfare, the re-opening of the infinity-pool was welcomed by guests and residents of Honua Kai. The reopening happened on Sunday, October 4th after over 5 months of being non-functioning.

For the latest news regarding the Honua Kai Real Estate market, contact us. 

The summer season has come and gone and we can now get a better perspective of the Honua Kai real estate market. Although our 2015 Mid Year Review provides a good bird's eye perspective, with our market being so season-dependent, the end of summer can provide context that other more conventional quarter-based analysis cannot. 

August

New Listings - With 10 new listings hitting the market, August turned into one of the busiest listing months in recent memory:

Hokulani 316 - Ocean views from this unit, but as it faces the construction (which is said to scheduled for the upcoming 24-36 months) it may take some time for absorption - although it is the only ocean-view 1-bedroom unit in the market today. Priced at $870K. 

Konea 214 -

Today's questions comes from a frequent visitor to Honua Kai who is thinking of purchasing a condo.

Question:  My last visit was in mid June, during which time there was on-going construction of the main pool, what is the status now?

Answer: Yes, there has been an on-going project at Honua Kai, in which the Hokulani pool (main pool, closest to Duke's) is being resurfaced/repair. Unfortunately, as of the writing of this post (late August 2015), the pool remains closed and there is no estimated time of completion. 

We will post updates on the status as soon as new information is received. In the meantime, peruse available Honua Kai Real Estate and contact us with any questions.

** Update 08/22: We were informed by a member of the BOD that

After much speculation in the Wailea real estate community, it can now be put to rest: The Shops of Wailea has sold... for $342M! The 16 acre, 160K+ square foot shopping center was purchased by Heitman Capital Management, LLC, a Chicago-based real estate management firm. 

The Shops of Wailea opened in 2000 and is home to some of the most exclusive retailers in Hawaii - and is the Wailea location for the Island Sotheby's Int. Realty office. Retailers include Gucci, Louis Vuitton, Tommy Bahama, Tori Richards, Tiffany & Co. and others. Directly in front is arguably one of the most exclusive condominiums in Hawaii: the Wailea Beach Villas. 

For those interested in learning more about the Wailea real estate market, what this sale meant to the overall

Year over year, the high-end sector on Maui is enjoying significant growth over 2014 - which many saw as an 'off' year in the luxury sector of Maui real estate. But the growth and extent to which this niche has exploded this year has been uncharacteristic and unexpected. As such, the record-breaking sale of the subject Makena luxury home for $41.775M has raised many eyebrows due to its significance and unparalleled value. 

The subject Keauhou at Makena luxury estate was NOT listed for sale on the Multiple Listing Service and although we have seen it from a distance being built over the past few years, very little information is factually known about the home or its owners. As per public records, the property consists of a single-level 6,737 square

As evidenced in our Honua Kai 2015 mid-year Review, the Honua Kai micro-market is currently experiencing conditions unseen before: The number of sales reflect a 'stagnant' market, but the units selling are premium, more expensive units which result in the highest average and median sales price ever at Honua Kai (and the lower amount of units is due to low inventory, not lack of absorption/demand).

With that, the developer has announced a special promotion of the '49' stack on the Konea tower, offering 49 months of pre-paid HOA fees - a value of over $135K. That is considerably more than has been offered on any of the developer units, including sales to current owners. Promotion ends September 7th. Take a look below at a site map of the Konea tower and

The introduction of new projects to the Wailea real estate market is typically met with high demand from potential purchasers and the equally high expectations of new properties seamlessly integrating the latest construction/design trends with what is arguably one of the most picture-perfect real estate landscapes in the world. 

As such, the release of Keala O Wailea has been long-awaited and although we have been updating our clients in real-time of any updates, now in the interest of public information and transparency, we will post all updates now on our site. To kick it off, let us announce the Owner-Occupant Lottery, which is to take place on July 27th at Fabiani's in Wailea. In order to participate, those interested MUST submit an