If the statistics for Wailea Point are in any way linked to the economic outlook, then we are doing just fine! Wailea Point is off for a great start in 2010, reporting five sales for the first five months of the year. This includes the completion of an unlisted sale in one of the best locations of the complex: Wailea Point 402 recorded in the middle of May for a near-the-record price of $9,999,999.
Wailea Point 402 is a 2 bedroom / 4.5 bathroom unit with just over 3,800 square feet of living space. This is a double unit covering the entire 2nd level of building #4. Today’s Maui photo shows the spectacular location right on the peak and high above the pacific ocean. This must be the spot that created the name “Wailea Point”!
Last week, a second closing for the month of May showed in the Maui MLS. Wailea Point 2801 is a unit on the 3rd level in the complex. This 2 bedroom / 2 bathroom ground level unit has excellent ocean views and was a great opportunity at $2,175,000.00 for this kind of location.
In 2005, there have been a total of 9 sales reported for Wailea Point. 2006 shows 6 closings and in 2007 that number went down to 5 sold units. Wailea Point had only 3 sales in 2008 and in 2009 it was just a single unit that sold in this prestigious complex. So, if the current trend in 2010 at Wailea Point with 5 completed sales is any indicator for our economic position, Wailea Real Estate and probably Maui Real Estate are at it’s turning point.
At the moment there are half a dozen units listed as Wailea Point For Sale. Prices are matching the sales history from roughly $2,000,000.00 to just over $10,000,000.00 for a single level double unit in the front row, Wailea Point 102. For further details, please visit the Sales Reports on this site.
The Wailea Point Plat Map is a great tool to get familiar with the location and layout and the various units in this complex. I would be more then happy to organize a private tour with you. Please contact me at your convenience.
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