Wailea Elua Real Estate Market Overview
On the heels of a pair of 2-bedroom Elua units selling for $4M earlier this year and sustained interest (low days on market, high prices) of everything listed at the property this year, buyers are crying for inventory. Unit 2102, a 1-bedroom listed at $2.9, went on market a few days ago, and it’s the only listing.
I do have a client who is considering going to market with an Elua unicorn: a 3-bedroom unit, beautifully updated, with commanding ocean views and a stout rental history. Pricing won’t be for the faint of heart, but still may be lower than the assessed value of $6.2M. Call or email me (808) 344-0624, [email protected] if you want to know more.
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!