Although new REO (foreclosures) listings on Maui are becoming more and more infrequent, recent activity in the luxury sector of West Maui is worth noting. In the past 3 weeks five new listings have become available:
For affluent buyers who have been waiting for the right opportunity to own a beachfront property on Maui, the time has come. A very rare offering in the high-end sector of Maui real estate, MLS# 351924, is a REO (foreclosure) 4 bedroom / 4.5 bathroom luxury home on Baby Beach. Priced at $3,502,000, how does it compare to other values on Maui? (more…)
As a long time visitor to Maui, Steven Tyler had been looking at beachfront homes for quite some time. And as released by the Wall Street Journal (watch video below), the American Idol judge purchase a home on the prestigious Makena district in South Maui. Makena is also rumored to be home (or in this case, second-home) to a myriad of celebrities, including Oprah, Jennifer Aniston, and Clint Eastwood.
Steven’s new home is an oceanfront 2 bedroom / 3.5 bathroom Makena property on 1/4 acre. (more…)
Hokulani Golf Villas has become one of my favorite properties in Kihei, with a golf-course setting, ocean views, and lifestyle reminiscent of luxury Wailea real estate yet at much more affordable prices. Set on 40 acres painstakingly-manicured acres of prime Kihei real estate bordering on the Elleair Maui Golf Club, this Hokulani Golf Villas is a perfect fusion of carefree condo living with the privacy and space typically reserved for single family homes.
The U.S. real estate marketplace has been truly affected by the recession and continuing worries about the global economy due to concerns of Europe’s future, yet Maui continues to maintain its reputation as one of the strongest long-term equity markets in North America by showing significant signs of improvement. Of particular note is the high end sector of Maui real estate. Affluent buyers are back in Maui again and it has reflected on some very impressive numbers. (more…)
The views and opinions in this website are exclusively those of Alex Cortez and are for entertainment purposes only