Views! Views! Views! Ocean, outer island AND mountain! This freshly remodeled 3 bedroom, 3 bathroom single level home is a true masterpiece and entertainer’s dream. Incredible kitchen with top of the line appliances and attention to every detail. The open and spacious floor plan is filled with natural light while keeping convenience and flow in mind. Phenomenally located on over 2 acres offering privacy and serenity. Looking for a dream piece of paradise? This is a must see.
Located in sought after Wailea Fairway Estates, this stunningly beautiful home is a residential work of art, with every detail designed to create an elegant yet comfortable lifestyle.
Impressive landscaped grounds boast a sun drenched pool and spa, lush tropical plantings, ultimate privacy and a soothing waterfall.
Just moments away from world renowned beaches and the incomparable Shops of Wailea, this architecturally designed home balances entertainment spaces with relaxed everyday amenities. Custom built by current owners in 2001, this private retreat has been meticulously maintained and nurtured to create an oasis of peaceful serenity.
Enjoy ocean views from the living room, kitchen and master suite which all open to a large covered lanai.
The gourmet kitchen with five burner gas cook-top and top-of-the-line appliances makes entertaining a joy. Besides the large master suite there are three other bedrooms. A spacious family room open to the lanais leading to the tropical pool and spa.
Truly a tranquil hideaway seamlessly integrated with the natural beauty of the island of Maui.
We attended a recent economic report from Paul Brewbaker at the State of Hawaii 100 Top Realtors meeting on Maui in June.
At that meeting Mr. Brewbaker reported that Maui should fare well in home price increases over the next several years. He feels that price increases should be in the 7% to 10% range until at least the early 2020’s. As you recall we had unsustainable increases in prices in 2004, 2005 and 2006 which was over 20% per year. That is what creates a bubble.
Our current increases in prices at 7% to 10% are sustainable at least for the short term. This is especially true for Maui as the demand for new housing is estimated at over 850 units per year (not even including mainland and foreign buyers) but there are estimated to be only about 350 permits issued per year.
With the projected increases in interest rates and the small increases in rates recently it should spur some buyers who have been sitting on the sidelines.
Paul Brewbaker’s idea on a way to increase affordable housing is to encourage developers and anyone to go ahead and build as many homes as possible at or below the median sales price which is currently at $575,000. The current County rules on affordable housing are resulting in less affordable housing, not more.
The County currently wants developers to provide 50% of any subdivision to be (in their definition) affordable, which is even lower than it should be. This seems to have pushed developers to pass on building on Maui and build where there are less restrictions.
So what it does all mean? Supply and Demand. Economists’ indicators are for increasing prices.
This Saturday June 14th join the Hansen Ohana at the Wailea Makena Tour of Homes. The event benefits Montessori Hale O Keiki Tuition Assistance Program. The Hansen Ohana will be showcasing the following properties for sale:
Yesterday, Bob Hansen of the Hansen Ohana, attended the Maui Planning Commission hearing where they approved the Makena Hotel plan. The plan is to renovate the hotel from over 300 units to undo 50 much larger units. Units will sell from $1.9 million to $6 million. In addition, they will build a few beach homes to sell and a 76 unit hotel to rent.
Please check your local newspaper for details and updates of the project!
Hawaii Real Estate Blog 
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