Wailea Ekolu Real Estate Market Overview
The big news at Wailea Ekolu is the sale of unit 902, which despite not being recently remodeled and having no ocean view, sold for the highest price in the history of the complex at $2,362,000. This split-level townhouse styled unit was on market for almost six months before going under contract. This was only the second unit at the property ever to sell for more than $2M, but it will likely not be the last. There is a high demand for 2-bedroom Wailea vacation rentals.
Three owners are testing that theory: Unit 1207 ($2,095,000, listed December 21), 909 ($2,200,000, January 8) and 1507 ($2,395,000, March 6) are currently listed, along with 1-bedroom units 304 ($1,898,000, December 21) and 1304 ($1,999,999, November 25).
I’ve sold Wailea vacation rentals for nearly all of my 19 years as a full-time agent, and I’m seeing trends toward more 1031 exchange money, and other cash buyers. With California coastal vacation rental real estate largely priced out for many buyers, Maui is more appealing than ever. Please call me at (808) 444-0624 if you would like more insight on the current market, or email me at [email protected].
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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Our four units under management at Wailea Ekolu averaged 82% high-season occupancy (January through March), and our three 2-bedroom units averaged $489 per night
Wailea Ekolu 902, a 2-bedroom without ocean views, set a sales price record in March at $2,362,000, becoming only the second such unit at the property ever to sell for… Read more
Located beach front bordering Kihei and Wailea, Mana Kai delivers stunning south shore views from every unit. Unit 410, under our management for three years, hit 76% o… Read more
Beach front on Keawakapu Beach, one of the best stretches of sand in the Hawaiian Islands, the Mana Kai vacation rental has established a foothold at the $2M-plus pric… Read more
Guest demand for Wailea luxury vacation rentals remains high despite an overall 20% post-fire downturn in island visitors, and unit 12-2 – a front-row unit with a gard… Read more
Ho’Olei, the stunning gated community across from the Grand Wailea, set a new record with a sale price of $6.5 Million in March
Vacation-Maui.net manages three units at the Palms of Wailea, and 47 of 51 guests responded with 5-star ratings. Our occupancy ranged between 86% and 92%
The Palms of Wailea 1-bedroom market was quiet through the winter, with four 1-bedrooms listed and no escrows as of yet. Buyers are waiting for 2-bedroom inventory, ho… Read more
Unit 803, a stunning 3-bedroom at Wailea Elua with commanding ocean views and a discriminating owner who insists on nothing but the best for his vacation rental guests… Read more
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!