Maui Deal of the Month: Kai Makani REO Below Market Value
Maui Condo Deal of the Month
Even in the current real estate market where properties are at rock-bottom prices, there are still properties priced well below market value. One such property is a Kai Makani REO (Bank-owned/Foreclosure) 3 bedroom / 2 bathroom condo priced at $352,900. This unit encompasses 1,238 square feet of interior living space and features an open floorplan, in-unit stacked washer/dryer, granite countertops, vaulted ceilings, and stainless appliances. Kai Makani was built in 2007 and it shows, as units feature upgraded designs and quality craftsmanship throughout.
How is this unit a good value? Check out other Kai Makani condos currently for sale. As you can see, there are SEVEN smaller (1,075-1,126 sq. ft.) 2 bedroom / 2 bathroom units for sale, ranging from $399K to $625K. The only other 3 bedroom / 2 bathroom unit is listed at $599K. I don’t expect this unit to last long on the market before a savvy buyer or investor swoops in.
Contact Alex at Alex@HawaiiLife.com or Mariah at Mariah@HawaiiLife.com to keep abreast of the best deals in Maui real estate. Oh, and check out the beach across the street from this unit, the longest walking beach on Maui.
UPDATE: PROPERTY WENT INTO ESCROW WITHIN A FEW DAYS OF HITTING THE MARKET. Contact us if you’d like to be kept abreast of great values in Maui real estate.
Tags: Affordable Kihei Condos, affordable Maui condos, distressed maui property, kihei condos for sale
You find such great deals! This kitchen photo is great – looks very functional as well.
May the right buyer comes along on this good buy.
Wow, I am amazed that this condo is priced so well. The buyer of this unit will be very fortunate to have gotten such a great deal, even in this market.
ALOHA ,I am purchasing the kai makani condo and hope it is as good of a deal as I think it is. GREAT WEB PAGE Thanks for the service and information. ALOHA KEN
Ken, if it closed anywhere near the listing price then I think you got a phenomenal deal. Best of luck.
Alex, such apartments actually buy, or they are sold within a few weeks?
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