Ho'olei Real Estate Market Overview
The big news at Ho’olei in late-April was Unit 69-4, which has held its asking price of $5,950,000 since listed in mid-February, going under contract. Assuming it closes fairly close to asking, this sale will support the trend of upper-tier and desirable third-row units settling in the $6M range and above. As reported in last month’s newsletter, 52-1 – one of the most desirably located units at the property – closed at $6.5M.
Four units at Ho’olei remain active, all listed between $5.9 and $6.5 million – all featuring the Maile floor plan, with 2426 square feet of living space. The newest to come on market is unit 81-2, a second-row unit with a bit of an ocean view, listed at $6,150,000.
Unit 57-2, listed at $5,995,000, has a better view and is a row higher. It was listed in early April, and is getting showing traction. 69-3 is also a third-row unit, and is listed at $6,195,000. Top-row 63-2, which enjoys a spectacular view, has been on market at $6.5M since January. With the sale of 52-1, the ask doesn’t seem as large as it did a few months ago, and you can’t argue with the view.
Feel free to call me any time at (808) 344-0624 to discuss buying or selling. I’ve specialized in vacation rental real estate sales for more than 20 years. Check my site and reviews at KevinSpaise.com.
Kevin Spaise is a Maui Realtor specializing in Maui vacation rental investment real estate. Kevin is an expert in Kihei and Wailea real estate and has been a full time Realtor for 20 years, with more than $120M transacted. He owns Vacation Maui, a property management company with 70+ investment condos under management, and delights in providing real-time performance data to future investors. See KevinSpaise.com, or call him directly at (808) 344-0624.
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Whether you're just starting to explore the options and want a quick overview of the areas and pricing, or specific properties have caught your attention, I would so appreciate the opportunity to share my knowledge and insight with you. Warm Aloha!