Welcome to Maui. I am sorry to inform you that you just missed the opportunity of a lifetime: back in 2007 you could have saved yourself $5,000,000.00 US dollar. But that was then. Cheers to the New Year: while the whole world has problems with declining real estate values, Maui doesn’t seem to ‘listen’ –again. It’s like: you have winter, we have summer -all year long!
This home on Keawakapu Beach was already listed for $20,000,000.00 when the listing price was raised by $5Mill. a few days ago. First one has to understand that this beach is truly one of the beaches that makes Maui so popular. Secondly there is the exact location of this home: it sits so far out on a peak in the center of the beach that it is a really unique location by all means.
Goes to show how unique South Maui, specially Wailea & Makena really is. Start bargaining but be prepared to pay the price for paradise. During my time as a real estate agent many people have asked me for our real estate values. While you can always find good deals, Maui is simply not like any other market. We are paying close to $4 per gallon of gas and we can go swimming in the ocean all winter long.
Happy New Year & the Best for 2008
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