Dream Homes of Maui

Wailea Town Center – One of a Kind Condo 3/3

Scott Innes — Fri, 22 Oct 2010 20:10:51 +0000

Wailea Town Center

Bank Approved Short Sale at $1,298,000. Unique, one of a kind, Wailea Town Center Luxury condo with 3 bedrooms and 3 baths and almost 2000 square feet of interior living space plus an additional 480 square feet of covered ocean view Lanai. Wailea Town Center is a quiet commercial/residential mixed used condominium development in the heart of Wailea on a gentle slope just above the Wailea Tennis Center. There is no other developed in Wailea of this kind. The commercial center consists of three buildings, two of which are two story buildings with 7 residential condos on the second floor. There’s a private swimming pool reserved exclusively for the 7 residential condo owners and located directly adjacent to Unit C204. The residential second floor condos are accessed via elevator and stairs. Unit C204 comes with a private 1-car garage with storage area and a reserved parking space next to the unit. Ocean views from C-204 are spectacular with 180 degree views, year round sunsets and views of Lanai and the West Maui Mountains. From the guest bedrooms there are Haleakala Mountain views.

Wailea Town Center

Condo #C-204 comes with exquisite finishes including Italian ceramic tile, world class marbles, onyx and granite counter tops throughout. Wailea Town Center is located in the heart of Wailea and walking distance to beaches, the Shops of Wailea, and restaurants. Photos of the unit include furniture which has been removed. This condo is being sold unfurnished. This is a short sale subject to lender approval. Currently offered at $1,625,000. See the following for more information on Wailea Town Center C-204

Wailea Town Center

The main commercial building at Wailea Town Center is one story building with shops and a restaurant to be opening soon located across the site from the two 2-story commercial/residential condo buildings. The two story buildings have private residences on the top floor and small businesses on the ground level. It is a true town center including First Hawaiian Bank, Reps Personal Fitness trainer, doctor’s office, a flower shop, a hair dresser, a wine & liquor store, a title company, a real estate broker and a soon to be open wine & tapas bar.

Maui’s Distressed Property Inventory – August 2010

Scott Innes — Fri, 03 Sep 2010 23:39:03 +0000

The Maui real estate market continues to be affected by distressed property inventory keeping downward pressure on prices. The majority of distressed properties are in the $0-$800k price range with 65% of the distressed market inventory. Prices at the high end have fewer distressed sales and remain stable after coming down off of 2007 highs by about 30%. Local economist Paul Brewbaker believes prices have reached their bottom on Maui although inventory still remains high with distressed properties there are fewer permits being applied for and no new projects in the Maui real estate pipeline. Once the distressed inventory is cleared out there will be upward pressure on prices. Although a slow recovery is expected now is the time to buy while prices remain reasonable and choices are abundant.

To preview distressed property Inventory on Maui or other homes for sale visit: Search Maui MLS

Kamaole Sands 1 Bed/2 Bath Remodel at Kamaole Beach

Scott Innes — Sun, 01 Aug 2010 01:04:05 +0000

Brand new remodel at Kamaole Sands! This 1 bed / 2 bath ocean view unit for sale just underwent a complete makeover. Stylishly designed with cherry cabinets in the kitchen and baths, stainless appliances, granite counter tops, new floors in the living room, new carpeting in the bedroom, new tile in the master bath, freshly painted throughout with new soft goods and art work. This condo is across the street from one of Maui’s most popular white sand beaches – Kamaole III and perfect for the buyer who wants it all done. Move right in and enjoy all that Kamaole Sands has to offer or rent it out for additional income and own your own piece of Maui real estate. The newly renovated unit is now a category “A” in the popular Castle Resorts Kamaole Sands vacation rental program.

For more information see Kamaole Sands #9-208 for Sale

One Palauea Bay Almost Oceanfront Home on 1.6 Acres

Scott Innes — Tue, 06 Jul 2010 03:30:11 +0000

One Palau’ea Bay is a private residential community of only 15 homesites across from Palauea Beach at the beginning of Makena. This custom home blurs the lines between indoor and out and is Indonesian inspired with oceanviews of Kahoolawe and Molokini. The home is being built by one of Maui’s finest craftsman and the new owner will be able to incorporate their own personal touches by selecting the final materials and finishes. This spacious four bedroom, four and a half bath, residence offers over 6,000 interior living all on one level. With superb craftsmanship and imbued with original architecture, the generous rooms are graced by coffered ceilings, elegant natural woods and stone flooring. Wonderful features include a media room, open kitchen, three car garage, and curved pool with a specialty spa. Best of all, buffered on one side by an archaeological preserve and the other by a private landscaped beach path, this architectural masterpiece offers both openness and privacy. Island living on over 1.6 acres this is a blank canvas awaits a new owner to personalize it with their signature! This home sold on April 16, 2011 for $4,500,000 unfinished after being on the market for 305 days. For more information Contact Scott Innes at (808) 344-0294 or via the contact form on this website.

Wailea Ekahi #11F 2 Bed 2 Bath Ocean view Remodel

Scott Innes — Tue, 06 Jul 2010 02:37:18 +0000

This Wailea Ekahi oceanfront condo listing is a fantastic remodel of the quality that rivals the best of Wailea Beach Villas, Wailea Point or Elua Village, while still affording the family flavor throughout the lushly landscaped greenbelt and oceanfront pool and clubhouse that Ekahi’ s known for. The design redevelopment includes cathedral beamed ceilings, wall removal for spacious open spaces to enhanced ocean viewing lanais. Finishes of imported hardwoods, granites, etched glass and imported tiles and travertines. Completely furnished and cooled with central air conditioning. A new sliding glass disappearing wall opens to one of the Lanai’s from the dining area with sweeping views across the green belt to the ocean. Offered at $2,000,000. For more information visit:

Wailea Ekahi 11F for Sale or to see all Wailea Ekahi Listings

Wailea Ekahi #41-C Oceanfront Condo for Sale

Scott Innes — Sat, 26 Jun 2010 02:04:05 +0000

Wailea Ekahi Village was the first oceanfront condominium complex to be developed within the Wailea Resort. Known for it’s lush tropical setting with wide open lawns and ocean vistas leading to one of Maui’s best beaches, Keawakapu, Wailea Ekahi has 294 Condos in 54 two-story buildings on 34.5 acres. Gently sloping from Wailea Alanui Drive to the ocean, Wailea Ekahi is popular Maui real estate for vacation rentals and second homes. There are 4 pools with the main pool and pavilion located next to Keawakapu Beach and two tennis courts. Pets are allowed.

Ekahi 41C is a 2 bedroom 2 bath condo listed for sale at $1,199,000. With 1152 square feet of interior living space and 3 covered lanai’s with an additional 312 square feet the condo feels very spacious. Originally built in 1976, the kitchen has been updated and bathrooms are original. The unit could use a fresh coat of paint with new carpeting or tile floors but is in a great location and an excellent value for a 2 bedroom Wailea Ekahi unit with oceanviews. At the time of this posting #41-C was the lowest priced 2 bedroom oceanview unit at Ekahi. The condo is heavily booked as a vacation rental and revenue history is available upon request.

For a video tour of Wailea Ekahi Village and unit #41-C see the following:

Maui Kamaole G114 – Kihei’s Premier Resort Condo – 1 Bed / 2 Baths

Scott Innes — Sun, 20 Jun 2010 20:07:00 +0000

Located at the south end of Kihei, Maui Kamaole is Kihei’s Premier Resort Condominium on 23 acres of lush tropical grounds. There are a total of 316 units, two resort style swimming pools, outdoor pavilions, BBQ areas and tennis courts. Unit G-114 is one of the front row units for sale with 1 bedroom and 2 baths and approximately 849 square feet of interior living space and two outdoor lanais to enjoy the Maui lifestyle. There are sweeping ocean views over acres of perfectly manicured lawns out to one of Maui’s favorite beaches Kamaole III and beyond to the West Maui Mountains. Maui Kamaole is a popular vacation resort on Maui located next to miles of white sandy beaches and just minutes from Wailea and Makena’s world-class golfing, shopping and dining. This unit is offered fully furnished and move in ready as a second home or investor’s vacation rental. Unit G-114 is currently offered at $579,000.

Kamaole Beach Club Condo at Kamaole Beach I on Maui

Scott Innes — Fri, 18 Jun 2010 06:56:12 +0000

On one of Maui’s best beaches this 2 bedroom 2 bath townhouse style condo at Kamaole Beach-I is fully furnished and turn-key. Move in or vacation rent while you are away. 939 square feet of interior living space with lanai and BBQ area across from the beach. Two bedrooms / two baths, recently renovated, the owner is offering financing with 20% down and 5.5% interest for 3 years.

May housing sales up in Maui County – Pacific Business News (Honolulu)

Scott Innes — Wed, 16 Jun 2010 00:52:42 +0000

Sales are rising in Maui County. Condo sales doubled, home sales rose 35%. Inventory is good, prices are reasonable and there are some good deals out there. For the full story see:

May housing sales up in Maui County – Pacific Business News (Honolulu).

Makena Resort Foreclosure – Lender’s Winning Bid $55 Million

Scott Innes — Sat, 29 May 2010 02:11:44 +0000

Makena Beach & Golf Resort - former Maui Prince Hotel

The ongoing saga of the Makena Resort reached another milestone today in the foreclosure auction at Maui County’s Wailuku Courthouse. Approximately 50 people showed up to watch the auction proceedings held by the Court appointed Commissioner, Chris Lau. There were only 2 registered bidders at the auction – the lender (Wells Fargo Trust) and another unnamed bidder. The sale was quick and ended within 2 minutes of opening the bidding at $40 million. The final winning bid by Wells Fargo Trust came in at $55,000,000. Wells Fargo Trust represents the creditors who are owed approximately $200,000,000 in outstanding debt and accrued interest. The sale must be finalized at a court confirmation hearing before the Judge Shackley F. Raffetto in appoximately 30-45 days. This is not the end of the story as the Judge may open up bidding at the court confirmation hearing as long as there is a buyer willing to pay at least 5% above the winning bid price.

The approximately 1800 acre Makena Resort includes the 310 room former Maui Prince Hotel (now under court receivership and renamed the Makena Beach & Golf Resort) along with the Makena North Course – an 18 hole Robert Trent Jones, Jr. designed golf course, the Makena South Course which is now closed and needs to be renovated, a golf clubhouse, pro shop, driving range, Makena Tennis Club, three restaurants and bars, 2500 square feet of meeting space, hiking trails and approximately 1,300 acres of vacant land. The sale is subject to resolution of a outstanding lawsuits by neighboring property owners.

The SaveMakena.org group showed up with signs promoting the protection of the Makena Resort. Hopefully whomever ultimately ends up with the property will consider the history and culture of the area and will care for the land -Malama the Aina.

Everett Dowling in partnership with Morgan Stanley purchased the resort at the peak of the market in 2007 for $575,000,000. After defaulting on the mortgage Wells Fargo Trust became the receiver in August of 2009. Although the sale is not final until court confirmation it is likely the resort will have a new owner for pennies on the dollar of what it sold for in 2007.

For photos of the Makena Resort properties visit Makena Resort photos

For information on Maui real estate and property for sale visit Maui real estate

August 2010 Update: At the final court confirmation hearing the bidding was opened up to two qualified bidders who started the bidding process with an additional 5% over the banks first winning bid. Bidding went to $72 Million, $75 Million, $85 Million and the final bid was $95 million to the lender. The two qualified bidders attending beside the lender did not bid over their $95 million final auction prices.

http://www.youtube.com/watch?v=doLGzbkfgGM