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Market Update
This week's featured property is 4809 Lower Honoapiilani Highway, also known as the "Jewel of Kahana." In what is being considered Maui's first "super luxury real estate auction," the Jewel of Kahana will be sold on May 12th.
The home which has 9,232 square feet of living space offers a lot to talk about, starting with a stunning 275 lineal feet of oceanfront views, 8 oceanfront master suites, and gorgeous floor to ceiling views of the Pacific. Offered fully furnished, the Jewel of Kahana comes with top of the line everything including cabinetry, stone features, furnishings, and electronics.
Concierge Auctions, the company handling the auction, suggests $7.5 million as the opening bid. The auction is being held absolute, which means there is no reserve. The property will be sold May 12th, even if the high bid is $4.5 million. The auction will be held live at the home. Bids will also be accepted by phone and over the internet. For further details, please visit Concierge Auctions.
Registration closes Monday, May 9th. If you are considering bidding, please give us a call at (808)572-0866. We'd be delighted to help you acquire this one of a kind Maui masterpiece.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
P.S. If real estate auctions interest you, here's a second West Maui auction coming up in June. Like the Jewel of Kahana, this property is also being sold absolute. The Smith Team can represent you as a buyer's agent. Please let us know if you are interested in either auction.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for May 2nd, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
805 (295) |
231 (30) |
841 (96) |
NC |
|
Condos |
1092 (204) |
237 (17) |
1126 (122) |
-34 |
|
Land |
522 (127) |
30 (6) |
123 (13) |
-7 |
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Total |
2419 (626) |
498 (53) |
2090 (231) |
-53 |
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
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1294 Hihimanu Street #138
Kihei
$1.099M (FS)
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Hokulani Golf Villas rare offering, developer owned never before available. Spectacular setting at the 18th green with powerful Haleakala, ocean and sunset views from this custom home. Enjoy single family residential living with all the conveniences of a condominium no yard to maintain, no pool to oversee yet Hokulani offer lush tropical grounds, a recreation center with insuring a stand alone quality neighborhood.
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Homes Under $1M
223A Momi Street
Wailuku
$149K (FS) |
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Bank Owned. Hollow tile home located in Wailuku industrial area on a dead end st. Home needs TLC.
Customer Listing Synopsis
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216 Hoomoku Street
Kahului
$234.9K (FS) |
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Bank Owned. Come and see this 2 bedroom, 1.5 bath Luana Gardens home featuring a great backyard for the kids. Proximity to all amenities and priced less than $250K makes this home one you don't want to miss.
Agent Listing Synopsis
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331 Kaiolohia Street
Kihei
$329.9K (FS)
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Bank Owned. Large 2 story home in North Kihei just waiting for a little TLC. Convenient location to Kihei, and Kahului and backs up to cane fields for privacy.
Customer Listing Synopsis
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34 Kameeui Place
Honokowai
$369K (FS)
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Remodeled in 2002, charming, private and with in walking distance to the beach. This 3 bedroom one bath open floor plan offers vaulted ceilings and A/C. There is a large unfinished, permitted storage room.
Customer Listing Synopsis
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69 Pukolu Way
Wailea
$850K (FS)
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Beautifully maintained 4 bedroom/ 2.5 bath home in gated community in Wailea Kai. The main level features a gourmet kitchen with high end refrigerator and a commercial quality gas stove, separate living room and dining room, generous deck area, and a master bedroom and bath. The downstairs includes the family room and 3 bedrooms / 1 bath. Virtual Tour
Agent Listing Synopsis
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Vacation Condo Over $1M
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Ho'olei R-4
Wailea
$2.25M (FS)
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The Ho'olei community is located directly across the street from the Grand Wailea Resort and Spa. Relax with the ability to "lock and go" while at the same time enjoy the comforts of a condominium designed to feel like a stand-alone home. Residence 55-4 is the last available Plumeria floor plan offered in the highly sought after second row of the neighborhood. Interior appointments include a private elevator, a gourmet Studio Snaidero kitchen with Wolf and Sub Zero appliances abundant.
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Vacation Condos Under $1M
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Kihei Bay Surf #124
Kihei
$119.9K (FS)
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Desirable ground floor unit, cool remodeled and updated - newer flooring in last 5 years. New drapes, new bedding, bedspread, new mirrored closet doors, new cushions. Newer appliances fridge, dishwasher, microwave, stove is original. Cozy studio in back of complex.
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Kahana Sunset E1E
Kahana
$200.8K (FS)
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Approved Short Sale. Tastefully remodeled one bedroom/one bath condo with 700 square feet of living space. Open floor plan, new kitchen, new windows for great lighting and tile floors in living area. Unit is nestled in the corner of the property for maximum privacy. From E1E's lanai, you catch small ocean view.
0
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Papakea Resort F-307
Honokowai
$275K (LH)
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Bank Owned. Direct oceanfront studio in popular F building. Sleep with ocean just outside.
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Residential Condos
Wailuku Townhouses #403
Kihei
$149K (FS) |
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Short Sale. Outstanding Wailuku location across from One Main Plaza and the County Building, this fourth floor, 1 bedroom, 1 bath unit has been completely remodeled with new appliances, new cabinetry, granite countertops and more.
Customer Listing Synopsis
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Kai Malu 40B
Wailea
$950K (FS)
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Short Sale. One of the best units with pool & spa under $1M is Kai Malu 40B. Located on the greenbelt, this unit is very private and has distant ocean and outer-island views. Premium finishes and upgrades throughout - including an extended tiled lanai, private tiled pool and spa, granite counters and stainless steel appliances.
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Vacant Land
627 Anapuni Loop
Ka'anapali
$339K (FS) |
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Bank Owned. Lanikeha is located on the slopes of the West Maui Mountains overlooking the Pacific Ocean, Lanai, and Molokai. Located just 6 miles from Historic Lahaina Town and only 3 miles from the world renowned Kaanapali Resort. Lanikeha is a gated community within Kaanapali Golf Estates. There are 136 home sites on approximately 110.87 acres.
Customer Listing Synopsis
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