Some things are simply not decided by just rolling the dice! If you have been dreaming about one of those Oceanfront Wailea Homes, here is your chance. All you have to do is to find out if you prefer building your own dream on a $14,5M Vacant Lot or simply purchase a Furnished Home for $7,5M. The choice is yours but since it is more then just a two dollars and fifty cents difference, it helps to understand what is going on here.

Maluhia At Wailea is the only possibility to own one of those prestigious Oceanfront Wailea Homes. Why? All the rest of the Wailea Resort is comprised of South Maui’s Oceanfront Hotels or the famous Wailea Condos. In fact, in my opinion, there are only 4 Wailea Homes on the ocean. Maluhia At Wailea is an oceanfront gated community with a total of 14 lots. That much is true. But as today’s Maui Photo shows, there are only 4 Oceanfront Wailea Homes and … yes… one Vacant Lot where you could build your own dream.

Here is another idea: BB – Buy Both! Supervise the construction or simply visit the site daily on the way to go swimming. Once the market bounced back, your dream on the ocean should be completed and you can sell the home in the back as one of the few Wailea Homes so close the water. The idea is for free, but at least I can help you negotiating the purchase for now. Let me know how I can help. Aloha from VW

At the end of Piilani Highway at the 90′ corner, that’s where the new Wailea Gateway Center has been built. South Maui’s newest Center is sharing the entrance just off Wailea Ike Drive with The Bluffs At Wailea. The lots of the Bluffs are situated in a fan-like position on two sides of the Wailea Gateway Center. None of the vacant lots of The Bluffs At Wailea has been sold yet. My Bluffs At Wailea Plat Map gives a quick overview of the layout.

Over the last two years, always 6 lots have been listed For Sale in the Maui MLS. These listings showed either lots 1 through 6 or lots 7 through 12. Fact is that all lots are still available and can be purchased. The Bluffs At Wailea are certainly still listed as a of the New Developments. The Wailea Gateway Center is nearly ready and is scheduled to open very soon. As mentioned, Coldwell Banker Island Properties will be moving it’s office from the Wailea Town Center to the newer location at the Wailea Gateway Center.

The prime lot of The Bluffs At Wailea is lot #4. With over 51,000 square feet, it is just over 1 acre in size and located in the prime corner location with magnificent golf course as well as ocean views. The current list price is noted with $3,950,000.00. For your comparison, lot #1 has about 22,000 square feet and is bordering the Piilani Highway, more or less. It is available for $1,075,000.00. So here you have it, Vacant Land in Wailea still does not come cheap. There is just not much left of it.

I took today’s Maui Photo from the corner of lot #9 towards the West Maui mountains, basically towards the north west direction, overlooking the property with lot #4 in the far distance. With all current Maui Listings for The Bluffs At Wailea showing between the above mentioned price for lot #1 and lot #4, I can safely state that any of the lots are available in the price range of $1M to $4M. Some of these lots are offering great possibilities! Be sure to check the plat map and then give me a call 

If you are considering the purchase of Vacant Land in Wailea or Makena, please let me know. There are still other parcels that might be of interest.

Take this as your ‘call to action’: DEALS in the South Maui Real Estate Arena, I mean opportunities. I am talking true chances to score in this market. Something like “finding Leonardo Da Vinci’s fingerprint on one of your cheap $19,000.00 paintings“. Now, finally, these type of Real Estate Deals are possible for Wailea Condos and Makena Homes.

What a day for Wailea Real Estate! Unit #35 in Kanani Wailea sold for $850,000.00 in a private sale without commissions paid. As one of the New Developments, that same unit recorded back in April of 2007 for more then $1,700,000.00. Wailea Palms shows the sale of a 2 bedroom / 2 bathroom unit, the popular B-plan with 1194 square feet, for $659,000.00. Wow! And pretty much anything now listed in Hoolei At Wailea is available below the original sales price from a few years back when it was brand new.

Back in the hay-days, a lot in the Wailea Highlands was listed for over $2,100,000.00. It never sold. Today this prestigious piece of Vacant Land got re-listed for $1,670,000.00. Asking Price! This is a great opportunity for nearly three quarters of an acre. Recently I introduced one of the Makena Homes Oceanfront for $38,000,000.00. Now you can save yourself $6M. The price has been reduced to $32,000,000.00 today There is a new short sale listed in Wailea Pualani Estates. This is an almost new executive style home with 4 bedrooms / 3.5 bathrooms, almost 3000 square feet.

Not matching the Wailea Resort by size or numbers, the Makena Real Estate market is still different. There is a short sale in One Palauea Bay, but generally speaking, prime properties such as oceanfront condos or homes in both South Maui Resort areas, will always carry a premium price. Be sure you clearly decide on your needs and then go fishing. It’s time! ‘Feeding time’ during Maui’s beautiful moon rise. This time will not last forever. Good Luck & Aloha, VW

P.S.: Be sure to check the Sales Reports every weekend to not miss the updates.