Uncovering Hidden Opportunities in Oceanfront Luxury: Is a Wailea Purchase Worth the Investment Cost Breakdown
Why Wailea is worth the investment: A look at the costs
Why Wailea is Worth the Investment: A Look at the Costs
Quick Facts | Cost Breakdown | Rental Income Potential | Economic Growth and Job Creates | Frequently Asked Questions
Quick Facts
Here is a bulleted list of 10 quick facts about why Wailea is worth the investment:
- Wailea is one of the most sought-after luxury resort communities in Hawaii, with a high demand for properties that consistently drives up property values.
- The area is home to five world-class resorts, including the Four Seasons Resort Maui at Wailea, Andaz Maui at Wailea, and the Montage Kapalua Bay, among others.
- Wailea’s beaches, including Wailea Beach and Makena Beach, are consistently ranked among the top beaches in the world, attracting visitors and driving up local business.
- The area is a golfer’s paradise, with multiple championship golf courses, including the Wailea Golf Club and the Makena Golf Course.
- Wailea is a popular destination for outdoor enthusiasts, with numerous hiking and biking trails, as well as snorkeling and kayaking opportunities.
- The Wailea township is designed to be pedestrian-friendly, with walking paths and bike lanes connecting residents and visitors to local amenities and attractions.
- The area is home to a variety of high-end shopping and dining options, including the upscale Shops at Wailea and the Wailea Beach Villages.
- Wailea is located just 30 minutes from the Kahului Airport, making it easily accessible for tourists and homeowners alike.
- The area has a strong rental market, with many properties generating significant income through short-term rentals and vacation rentals.
- Property owners in Wailea have access to a range of amenities, including private pools, fitness centers, and concierge services, which can increase the value and appeal of their property.
Located on the Island of Maui in Hawaii
Wailea is a luxury residential and commercial community that offers a unique blend of natural beauty, world-class amenities, and exceptional investment opportunities.
Prior to becoming a part of the Maui luxury real estate market, the area was once a fishing village. However, in the late 1970s and early 1980s, a group of visionary developers transformed the small community into a premier resort destination, Wailea by the Sea. Today, the community boasts an array of upscale amenities, including luxury resorts, fine dining, and championship golf courses.
Cost Breakdown
| Property Type | Pricing Range (2015-2022) |
|---|---|
| Luxury Condominiums | $1.5 million – $10 million |
| Townhouses | $800,000 – $4 million |
| Single-Family Homes | $1 million – $7 million |
| Commercial Properties | $2 million – $20 million |
Property Values and Appreciation
From 2015 to 2022, the median sale price for a single-family home in Wailea increased from $2.4 million to $4.9 million, representing a rise of 104.3%. Similarly, the median sale price for a luxury condominium increased from $1.7 million to $3.5 million over the same period, representing a rise of 105.9%.
Rental Income Potential
Wailea offers a lucrative rental market, with many properties commanding high rental yields. From 2015 to 2022, the average annual rental yield for a single-family home in Wailea ranged from 5% to 11%, with condominium rentals yielding between 4% and 10%.
| Property Type | Average Annual Rental Yield (2015-2022) |
|---|---|
| Luxury Condominiums | 4% – 10% |
| Townhouses | 5% – 11% |
| Single-Family Homes | 5% – 11% |
| Commercial Properties | 5% – 10% |
Economic Growth and Job Creates
Wailea has experienced steady economic growth, driven by tourism and commercial development. The community boasts an employment rate higher than the national average, with key industries including hospitality, healthcare, and real estate.
| Year | Employment Rate |
|---|---|
| 2015 | 85% |
| 2019 | 92% |
| 2022 | 96% |
Frequently Asked Questions
- Q: Why is investing in Wailea real estate valuable?
A: Wailea is an upscale and luxury real estate market with a proven track record of strong rental demand and consistent property value appreciation. Investing in Wailea offers the opportunity to benefit from the high-end tourism and vacation-rental market, which attracts affluent visitors seeking the best possible vacation experiences in Hawaii. Additionally, the demand for residential properties in Wailea is driven by the limited new construction being added, resulting in a stable and highly desirable market.
Resources & Links
- Realtor.com – Wailea, HI Real Estate & Homes for Sale
- University of Hawaii News – Tourism adding billions to Hawaii economy
- CBRE – 2019 Maui Sales and Use of Vacation Homes Report
- Wailea Real Estate – The Cost of Living in Wailea, Maui
- KITV – The cost of renting a vacation rental in Maui can be steep, but many locals say it’s worth it
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