Kanani Wailea 4 sells for less then 50% of the original price recorded in March 2007

Kanani Wailea 4 first sold in March 2007 for $1,343,225.00 as part of the, at that point, New Development. Today, about four and a half years later, Kanani Wailea 4 sold as a bank owned, foreclosed property for $617,000.00. This is by far the lowest sales price recorded for any unit in this Wailea Condo.

Kanani Wailea 1 sold in September 2010 in a similar situation for $902,000.00 and a year before, in September of 2009, Kanani Wailea 35 sold for $850,000.00 in a private sale. Thus far, these are the only 3 sales below $1,000,000.00 in this Wailea Condo. Change is in the air? Maybe …

The construction of Kanani Wailea is superior to most of the other Wailea Condos, only in the shadow of Papali Wailea. Floor plans are single level and two-story, detached buildings. A stainless steel frame, top of the line materials and appliances are truly of high standards. Kanani Wailea is located on the corner of Kilohana Drive by the first entrance to Maui Meadows when you are driving from the north towards Wailea.