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Elite Maui Luxury Real Estate Available Now: Land, Condos, Homes

Posted by benjamen.harper@gmail.com on April 2, 2021
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Whatever it may be that you are looking for in Maui, if it’s luxury real estate, Hawaii Elite Real Estate has you covered. Right now is one of the best times to take advantage of a market filled with great properties, condos and land. We are showcasing here the most elite land, condo and home available on Maui today. Please get in touch with us to view any of the properties listed below, or to find a home, condo or plot of Maui land most suited to your needs.

Current Top Maui Luxury Home

7381 Makena Rd

$12,990,000

Hale Makana Ola is an oceanside property designed for wellness and relaxation while offering privacy and sublime Pacific views. This 4,668 sf, 5 bedroom, 5.5 bath estate is professionally designed and offered fully furnished. Molokini, Kaho’olawe, and Lanai are all visible from the home perched above Ahihi Bay. Described by architect Jim Niess as a highlight of his 50 year career, the contemporary interior mingles seamlessly with the Balinese-inspired architecture. Mountain and ocean breezes flow through 16’-wide pocketing glass walls to create the ultimate indoor/outdoor Hawaiian experience. Located among the small enclave of homes by the Ahihi Bay Marine Reserve, this Makena home offers resort-like amenities in a completely private setting. Makana Ola is close to all the resorts, shopping, dining and golfing of south Maui, yet is anchored in the feeling of Old Hawaii. You will feel a world away as the sun dips in to the Pacific and the stars shine brightly overhead. Hale Makana Ola offers a chef’s dream kitchen, heated spa at the heart of the lanai, exquisite tropical grounds, and a 2 bedroom detached Ohana beside a heated saltwater lap pool with Baja step entry.

Current Top Maui Luxury Condo

3800 Wailea Alanui Blvd # A102

$14,250,000

Wailea’s Finest Ocean Front Villa! This Rare direct ocean front Fully Furnished 3 Bedroom and 3.5 Bath Villa has dramatic unobstructed Ocean Views! The elegant and spacious 2,931 Sqft. single level floor plan offers idyllic indoor/outdoor Hawaiian style living complete with large lanai, extensive lawn area, and Private plunge pool with Outdoor shower. Open kitchen design features granite/marble countertops, travertine/limestone flooring, African mahogany, Studio Becker cabinetry and detailed finishes. Villa is additionally deeded a private 1 car garage with storage. Privately positioned, yet just steps from either of the two Luxurious Beach villas swimming pools, and the white sand of world renowned Wailea Beach. Residents may also enjoy the relaxing game room with readily equipped kitchen, two lounges to host private events, fitness center, business center and more. The Wailea Beach Villas is a security guard gated complex situated adjacent to The Shops at Wailea, Four Seasons, Grand Wailea and all of Wailea’s Amenities. This Unique Turnkey Oceanfront villa offers Privacy, Luxury, and Investment opportunity!

Current Top Maui Luxury Land

2455 S Kihei Rd

$14,900,000

One of the last, if not the last, large development parcels for 217 upscale condominiums across the street from two fabulous beach parks. This location is in the very heart of the “GOLD COAST” of Kihei surrounded by numerous restaurants, boutiques, shops, service related businesses, Maui Medical Group, Hawaiian Moons Natural Foods grocery store, ABC, store, specialty discount liquor store, nail and beauty salons and so much more. LOCATION, LOCATION, LOCATION. The best weather on the planet. The major Special Area Management (SMA) permit was recently extended for three more years as of late June 2020 and the transfer to a new entity was also approved. This project is approximately 6-9 months from “shovel ready.” The construction drawings need to be completed and approved at the county. $6,200,000.00 has been spent on the infrastructure for the prior 78 unit project called Aloha Village. Sewers, fire hydrants, water well, water meters, et al are in the ground. Some modifications will need to be done. The property was graded. The North-South Collector road is complete at a cost of many millions of dollars and will serve as the main ingress/egress for the property. Limited ingress/egress from Kihei road once the development is finished. The prior borrower defaulted on the loan and failed to cure the default. This is NOT a foreclosed property but the Lender does have 100% control. There is an ALTA policy from 2019. Upon Proof of Funds the Buyer will be given access to the Drop Box and the extensive documentation. The last MAI appraisal was for $27,500,000. At $14,900,000 the Lender is seeking to recover the principal owed. There is NO new product anywhere in south Maui this close to the beach with these amenities and quality of construction. All the condos/apartments are 40 feet wide and modeled after the luxury Honua Kai condos in Ka’anapali. There are 7 buildings with 31 units per building and two (2) phases. Phase 1 consists of buildings 2 & 4 with 62 units. Phase two consists of five (5) buildings with 155 units for a total of 217 units. There are 424 parking spaces on 8.4 acres of fee simple land. 25.83 units per acre. The projected gross sales revenue in 2017 was $161,056,000 as follows: Unit Type 1. One bedroom with 760 SF. 63 units at an average of $625,000 with 47,880 SF = $39,375,000. Unit Type 2A. Two bedroom with 1,058 SF. 126 units @ $760,000=$95,760,000. 133,308 SF. Unit Type 2B. Two bedroom with 1,100 SF. 21 units @ $790,000=$16,590,000. 23,100 SF. Unit Type 3. Three bedroom with 1,265 SF. 7 units @ $840,000=$5,880,000. 8,855 SF. Revenue from 119 covered parking places = $3,451,000. 213,143 total square feet.

Contact Ben and the rest of the team at Hawaii Elite Real Estate today to start your Hawaiian Real Estate Adventure!

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