Unless you see this type of aerial photography from 4950 Makena Road, you won’t even guess the beauty of these 10 exclusive oceanfront Makena Homes. Makena Place has a simple gate that is easily missed when you are driving south on the way to the beach. And Makena Place #6 bears the dream-like location on the peak of the lava rocks above the ocean. For $9,900,000.00 asking price, you can now make this dream YOUR reality!

This home is roughly 10 years young and if I did not write this here, you wouldn’t even know. The current owners meticulously cared for their home and it just shows beautiful. Over 3,300 square feet of open living spaces are offering 4 bedrooms with 3.5 bathroom on two stories.

The ground floor living area shows with oceanfront pocket doors, similar to the attached open kitchen, that smartly sits a little back. There are in- and outdoor dining areas with a BBQ just outside of the kitchen. There are plenty of fine design features such as vaulted ceilings with wooden inlays and built-in cabinets with many little details, extremely pleasing for the eyes. This is true Hawaiian Oceanfront living as you would expect it. The master suite with walk-in closet has spectacular views from the bed. All this is part of the ground level.

Coming up the staircase, you will find an open room that is setup as an office away from THE office. The 2nd and the 3rd bedroom suite are also located on the upper level. They are sharing a gorgeous covered lanai with spectacular elevated views towards the South including the islands of Molokini and Kaaholawe.

This is the best value, NOT only at Makena Place, but I believe, on the ocean in South Maui right now! Today’s Maui Photo is a link to interior photos of Makena Place #6. Yes, I was fortunate enough to take these photos in the afternoon. Lucky me. I had the pleasure to meeting the owners and talking to them about their home was a wonderful experience. There was a sense of “no rush”, tranquility and peace in this house, that I really enjoyed.

The pride of ownership comes through when you walk around the home to the not so much frequented areas. There is space for ocean kajaks and other toys on the side, right next to a tiled outdoor shower, all under the swaying palms. The storage areas and the garage are so clean, you don’t even want to drive your car in unless it’s washed and waxed.

Needless to say, I love this house! If you are in the market for Oceanfront Makena Homes, this cozy, timeless and Hawaiian dream-like location is probably one of the best the island of Maui has to offer. On a day like today, a visit at Makena Place #6 will be the highlight of any showing. Once you have seen all my photos, call me, I would be glad to give you the Grand Tour! Aloha from VW

The results for the month of January 2010 in South Maui is bringing expected activities for Wailea Real Estate and Makena Real Estate. Including the popular Kihei Condos and Kihei Homes, there are currently 195 pending transactions listed in the Maui MLS, just for the South Maui Real Estate market alone. Potential South Maui Short Sales have now reached the still rising number of 76, while the number of South Maui Bank Owned Properties (REOs) for sale now increased to 21. The “true Sellers” how I like to call them, are getting more and more under pressure by this type of listings.

With only 3 Makena Condos, there are no escrows or closed sales to be reported for this month. Out of 17 status changes for January 2010, 6 Wailea Condos have been sold while another 11 Condos received accepted offers and are now in Escrow. The following description is just an overview of the transactions, but you may refer to the individual updated Sales Reports by using the blue property links in this text.

With 4 status changes, Wailea Ekahi shows as “the winner” for the Wailea Condos. Wailea Ekahi 17C is a 1 bedroom 1 bathroom unit and sold for $670,000.00 this month. Wailea Ekahi 52A is a similar plan and was listed as a potential short sale. This unit is now in escrow. Unit 1C is equal to these two units, not a short sale, but the owners also received and accepted an offer.

And what was available for $1,750,000.00? Answer One: Wailea Ekahi 14C, 2 bedrooms 2 bathrooms, 1172 square feet, old school oceanfront condo, listed for 39 days. Answer Two: Hoolei At Wailea T6, 3 bedrooms 3.5 bathrooms, over 3000 square feet, one of the New Developments, listed for 244 days. What else is in common? Both of them are South Maui Vacation Condos. And now both of them are in escrow!

The Palms At Wailea, Grand Champions Villas, Wailea Ekolu and famous Wailea Point each reported the closed sale of a 2 bedroom 2 bathroom unit. With $535,000.00, Grand Champions Villas still constitutes the “entry ticket” to the Wailea Condo market, while Wailea Point 1904 sold as the most expensive unit in the Maui MLS with a sales price of $1,550,000.00. A 1 bedroom 2 bathroom unit, Palms At Wailea 1701, recorded as a recent record low in this complex, making it a deal for $462,000.00 for the new owners.

Grand Champions Villas unit 61 and unit 17 are both 2 bedroom 2 bathroom units, the first one listed as a potential short sale. Both of them were available for just below $400,000.00 and both of them have received offers and are now in escrow. The highest new escrow for any of the Wailea Condos shows for Wailea Beach Villas, penthouse 207, which is listed for $2,296,000.00 at this point. Wailea Elua 2011 is a cute 1 bedroom 2 bathroom unit that is now about to sell the first time since it was built. It shows a list price of $1,400,000.00.

Kai Malu At Wailea 75A is listed for $1,515,000.00 and will soon have new owners. Kai Malu At Wailea 18A is a Bank Owned Property for about 50% of this price. Both of them have received offers to open escrow. Wailea Fairway Villas Y103 is a beautiful 3 bedroom townhouse, also a potential short sale, that reduced the price from $1,225,000.00 to $699,000.00 over time, now finally shows pending in the Maui MLS.

There are some new oceanfront Makena Vacant Land listings available for sale, but no vacant land sale has been reported ‘closed’ in this area since October of last year. Wailea Golf Vistas lot #25 was available for $1,495,000.00. This is a great view lot in this gated community that finally received an offer.

January 2010 shows two very different Makena Oceanfront Homes that sold for two very different prices. I previously reported about 6980 Makena Road and also about lot #7 of Black Sand Beach, 5500 Makena Road. 357 Pualoa Nani Road in Wailea Pualani Estates is the only one of the Wailea Homes that sold this month. The price was $1,350,000.00. New escrows are a short sale on 179 W Ikea Kai Place in Wailea Kialoa and a single level home in Wailea Golf Vistas on 4350 E Waiola Loop. Both of these are listed just below $1,300,000.00.

As far as New Developments, the developers of Papali Wailea accepted on offer on unit #24. This is the unit right next to the recreation area on the lowest terrace, yet, one of my favorite locations in this complex.

Maui Meadows reports the sale of 1127 Kupulau Drive, another Bank Owned Property with a 3 bedroom 3 bathroom home, for $645,000.00.  The cottage on the lot of 3407 Keha Drive sold for $650,000.00. With excellent ocean views from the home and the cottage, 539 Pawali Street in Maui Meadows still belongs to a Maui Real Estate Agent. But she has moved of island and received an offer on her $1,700,000.00 home/listing.

Kihei Homes and Kihei Condos have never been really part of my posts here for the end of each month, but I will make similar details available upon request. Please contact me at your convenience. I’d be glad to help!

Over the last 10 days or so, it seems that The Palms At Wailea have been “Taking Off” per say. It seems that these popular Wailea Condos are preparing for a promising 2010 Winter Season. The Maui MLS shows four new listings plus a couple of price reductions. There are now a total of 12 Wailea Condos for sale on this side of the Palms and another 2 units are in Escrow, indicating a pending sale. That’s big! The years of 2009 and 2008 only brought a total of nine sales, while there were 16 recorded sales back in 2007.

At $1,150,000.00, Palms at Wailea 1510 may not be the best deal, but sure has the best views and the most complete remodel from everything else currently listed in this complex. The floor plan is an upstairs C plan with almost 1,300 square feet of living space. Palms at Wailea 1507 and Palms at Wailea 206 are also newly listed for $1,038,888.00 and $825,000.00 respectively. 1507 is a ground floor unit and 206 is an upstairs unit, both of which have the 1,194 square-foot B floor plan.

Special Note: Palms At Wailea 1203, a ground level B plan, sold on January 6th for $750,000.00 and is now listed as comparable sale in the Sales Reports.

Today’s Maui Photo was taken from the pool area looking towards building 15. You can clearly identify the peak corner units 1507 and 1508. I have sold both of these units in previous years. These Palms At Wailea units are available as Wailea Vacation Condos through 2 different companies. Both of them have their charm and have been remodeled in very unique and different ways.

New is also Palms At Wailea 202, an upstairs 1 bedroom 2 bathroom unit with 1,022 square feet listed for $599,000.00. I sold the corresponding unit, Palms 302, last month as a short sale for $500,000.00 to some happy Canadian clients. For a complete listing of recent sales, please refer the Sales Reports.

Put all that together and it’s easy to understand that Palms At Wailea 405 is currently the best deal available in this Wailea Condo. It is a Maui Short Sale now listed for $499,000.00. This is a ground floor 1 bedroom unit in a quiet location, right behind the front office and very close to the pool. This unit is very well liked by the on-site rental company. Email me and I gladly share the excellent rental history from previous years with you. YES – this is my personal listing.