Today there are almost 2000 Wailea Condos, but this one unit must be the Trophy Location from all of them. Wailea Point Unit 102 is a double unit, covering the entire upper floor level of building #1, offering fabulous ocean views along Wailea’s shoreline, the West Maui Mountains and the outer islands of Lanai, Molokini and Kahoolawe.
The unit currently offers 3 bedrooms and 4 bathrooms plus a den, making for a total of 3,172 square feet. The main room is featuring 24-feet high ceilings, comfortably accommodating living, dining, study and reading areas. New owners would be able to add a loft of over 800 square feet additional living space to this extra ordinary unit in Wailea Point.
Did you do the calculation yet? Wailea Point Unit 102 is listed for $11,200,000.00 at the time of this post. It last sold more then 11 years ago and really might just be a “once-in-a-lifetime” opportunity. In August of 2007, a similar unit in building 16 sold for $8,973,000.00 after only 78 days on the market. It was in original condition. The ground level unit in that same building 16 sold in May of 2006 for $10,000,000.00.
Wailea Point has one of the lowest densities of any South Maui Condo. There are only 129 units in 34 buildings on just over 28 acres. The tier are offering great views from most locations. The place is built like a German fortress: I can say that, I am German. A Tsunami might take out the windows, but the concrete structures will be there! Some owners spent the same $$$ on a remodel as they did on the purchase price and nobody would do that if there won’t be no value.
The Wailea Point Plat Map will help you locate any of the other active listings in this unique complex. There are some excellent opportunities available in here. My Sales Reports will give you an overview of recent sales, but will hardly serve as comparable sales for this outstanding offer. Let’s go see it! Cheers, VW
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