FEBRUARY EXISTING HOME SALES
March 23rd, 2009Some good news from the National Association of Realtors and what it means for Maui Real Estate.
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Some good news from the National Association of Realtors and what it means for Maui Real Estate.
Makena Surf B-102  is a spacious, remodeled unit that sits only steps from an extraordinary sandy beach and offers the famous "Five Island View" along with the accompanying year-round sunsets. The travertine floors lead from the great room directly out to the large lanai with a beautiful Heliotrope providing privacy and shade. The kitchen boasts granite counters, an island and GE Profile and Kitchen-Aid appliances. Each large bedroom has a dedicated tiled bathroom. The unit is luxuriously furnished. One of Makena Surf's wonderful pools sits close by and parking is nearby and efficient. This gated community is a premier vacation rental complex and the "B" building is the most highly prized location in the complex. This unit combines luxury finishes, size, a premier location, magnificent views and is as close to a sandy beach as is possible in the Wailea/Makena area.
Maui Land and Pineapple has sold the Plantation Golf Course in Kapalua to TY Management for $50 million. The Resort will continue to operate the course for at least the next two years. Maui Land and Pineapple will use the proceeds to pay down debt.
Up until very recently, most buyer's of Maui real estate, except for oceanfront homes, had a clear preference for one section of the island or another. People who preferred Kapalua could not be lured to Kaanapali or South Maui by a great deal. They were making a lifestyle choice. That relationship is clearly changing over the past several months. Now many buyers of Maui real estate are now deal driven rather than being tied to one location. That means sellers must consider comparables beyond their own neighborhood or even part of Maui in pricing a property.