Maui Sales

Hawaii Real Estate

Maui land For Sale

Kapalua Foreclosure

Up for sale this past Monday at the Foreclosure Auction was the Kapalua Bay holdings which included 56 residential condominiums, 5 commercial apartments and 567 fractional-ownership interests in 62 time-share units at the Ritz-Carlton Club and Residences. It also includes leasehold interest in The Shops at Kapalua.

The winning bid came from Island Acquisitions Kapalua LLC for $55 million. It still needs to be approved by a judge at a court confirmation hearing, so there still is a possibility of someone outbidding the highest bidder. Contact Us if interested in more details on the overbidding process.

The assessed value of the land and buildings are supposedly worth $284.4 million for tax purposes.

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About The Smith Team

Ken Smith, a Maui resident for 45 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Greg Smith, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.