Wailea Luxury Condos and Bank Deals Spur Market

If you’ve been, than you know: there aren’t many places in the world that can top Wailea when it comes to lifestyle. The weather is incredible; South Maui’s legendary “endless summer” makes it a beach day all year round. The whales leap from the water during season (December through March), within full view of the shore. And the manicured resort lifestyle, clean, green, lush, and wonderfully maintained, underscores the fact that you have truly arrived in paradise.

Wailea caters mostly to condo living, but lately, that’s come with a twist. The newer properties, like the spectacular Ho’olei (across from the Grand Wailea), Kai Malu (inland a half mile,with great ocean views), Kanani Wailea (bordering Kihei, at the north end of Wailea), and Papali (near the Palms condos) are more like single family homes in a condo setting.

One of Wailea’s newest shinging stars, Ho’olei, is outpacing all the others in sales, and it’s easy to see why. Its symbiotic relationship with the Grand Wailea Resort, one of the world’s finest resort destinations with its nine pools and world-class spa, creates an unmatched balance of the practical and the outrageous.

Priced from $1.8M to $3M, Ho’olei offers three floor plans, ranging from 2,500 to 3,100 square feet. All are split level, most have astonishing ocean views, garages are included, and the property’s grotto-styled pool area is something to behold.

There are 15 active listings at Ho’olei—three developer villas (remarkably, 110 of the 120 total units are sold), and 12 resale units. The developer units include membership to the Kulana club, including use privileges for the Grand Wailea’s legendary water park and nine pools, spa privileges at the state’s largest spa, and other benefits. Owners and their guests also receive on-demand shuttle from Ho’olei to the Grand, and to the beach which fronts it.

Another unique feature of Ho’olei is its turnkey rental program. It is one of the few high end Wailea properties that allows short term rentals, which are done through The Grand.

 

This luxurious Ho’olei unit (MLS# 334709), with a spectacular ocean view and 2,619 square feet, is listed at $2,895,000.

Interestingly, you no longer have to spend a million or more to own in Wailea. There are a couple of bank-owned condo listings in the (gasp) $400K range (MLS# 341309), at the Grand Champions resort.

Grand Champions: Affordability in Wailea.