NOT LISTED FOR SALE

124 Ikena Kai Place Kula, HI 96790

Estimated Value: $4,006,314 - $5,504,000

4 Beds
4 Baths
3,768 Sq Ft
$1,185/Sq Ft Est. Value

Last Sold May 09, 2023

Last sale price $4,850,000 $1,287 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $26,696/month

2 Days on Market

Highlights

  • Ocean View
  • 5.01 Acre Lot
  • Furnished
  • In Ground Pool
  • Wood Flooring
  • Home Office

About This Home

As of May 2023

Contemporary recently remodeled estate in exclusive Oma'opio Ridge. Picturesquely positioned in Kula on the lower slopes of Haleakala with idyllic location and elevation. This exceptionally manicured 5.01 apx acre property is offered completely remodeled and turnkey, boasting privacy, security, eco-friendly upgrades, and unforgettable bi-coastal views! Modern two story home and detached 3 car garage that features open flexible floor plan and 5,820 apx sqft of indoor/outdoor Hawaiian style living, plus a serene pool and spa! Property has been extensively remodeled throughout! Gourmet chefs kitchen featuring gorgeous new Carrera waterfall island, new iron cast pendant light fixture, new dishwasher, built in Bosch appliances, and Acacia hardwood floating shelves. The Ocean view Primary suite has modern custom sliding closet, new oversized chrome rainfall shower heads and hardware, new 84" custom glass door, new vanity, porcelain vessel sinks and chrome faucets, smart illumination mirror and Toto smart toilet. Luxurious new Acacia Hardwood flooring and porcelain tile throughout the spacious downstairs. Fully fenced estate is also upgraded with a new solar panel and keypad entry gate, established olive orchard, and a newly planted fruit tree variety orchard with garden beds. Benefit from the Eco-friendly elements including energy star appliances, upgraded AC, 42 panel PV system with 2.0 Tesla Power Wall, Covered Tesla Charging Carport and 2 additional Tesla Charging Stations in Garage. New security cameras and built in security systems. Water filtration system. Entire structure is freshly pressure washed and painted with low VOC paint inside and out. Unmatched elegance, cooler temperatures, and year round sunshine. Adjacent to all of Kula's array of shopping, dining, wineries, galleries, equestrian facilities, farmers market and natural beauty. This is the upcountry Maui home you have been looking for!

Last Agent to Sell the Property

Meghan Clair

Coldwell Banker Island Prop(S) License #RS-69800 Listed on: 04/12/2023

Coldwell Banker Island Prop(S)

Co-Listed By

Shelley Addison Krynsen

Coldwell Banker Island Prop(S) License #RS-70095

Last Buyer's Agent

Volker Weiss

Coldwell Banker Island Prop(S) License #RS-61632

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,492

Year Built

  • Built in 2015 | Remodeled

Lot Details

  • 5.01 Acre Lot
  • Gentle Sloping Lot

HOA Fees

  • $650 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Aluminum Roof
  • Concrete Block And Stucco Construction
  • Double Stud Wall

Interior Spaces

  • 3,768 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Chandelier
  • Family Room
  • Dining Area
  • Home Office
  • Storage Room
  • Ocean Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Spa

Farming

  • Agricultural

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Private Water Source
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • Omaopio Ridge Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,492

Year Built

Built in 2015 | Remodeled

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • Class: Residential
  • District: Kula/Ulupalakua/Kanaio
  • Other Features: Remodeled, Spa/Hot Tub, Storage
  • Perm To Adv Upcoming1: Yes
  • Perm To Adv Upcoming2: Yes
  • Roads: Paved
  • Type: Single Family
  • View: Ocean
  • Year Built House: 2015
  • Geo Subdivision: HI
  • Year Remodeled Updated: 2023
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2015
  • Year Renovated: 2023

Interior Features

  • Flooring: Tile, Wood
  • Additional Rooms: Den/Study, Dining Area, Family Room, Storage Room, Work Space
  • Bathrooms: 4
  • Bedrooms: 4
  • Included: Auto Garage Door Opener, Security System, Ceiling Fan(s), Chandelier/Swag Lamp, Dishwasher, Disposal, Dryer, Furnished, Inventory, Kitchen Ware, Linens, Range, Refrigerator, Smoke/Heat Detector, Tv Cable, Washing MacHine
  • Living Area Sq Ft: 3768
  • Price Per Sq Ft: 1287.15
  • Total Living Sq Ft: 3768

Exterior Features

  • Construction Data: Concrete, Double Wall, Wood Frame
  • Covered Lanai Deck Sq Ft House: 2052
  • Design And Structure: 2 Story
  • Pool: Yes
  • Pool Type: In-Ground
  • Roofing: Aluminum/Steel
  • Substructure: Concrete Slab
  • Uncovered Lanai Deck SqFt House: 576

Garage/Parking

  • Garage: Yes
  • Number of Car Spaces: 3
  • Carport: Yes
  • Carport Number Of Cars House: 1

Utilities

  • Central Air Conditioning: Yes
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities To Site: Private Water, Telephone, Tv Cable, Underground Electricity

Condo/Co-op/Association

  • Association Fees Frequency: Monthly
  • Association Fees: 650
  • Other Monthly Fees: Assessment, Association Fee, Maintenance Fees

Lot Info

  • General Land Class: Agricultural
  • Land Acres: 5.01
  • Land Sq Ft: 218236
  • State Zoning: Agricultural
  • Topography: Gentle Slope
  • Geo Address Line: 124 Ikena Kai Pl
  • Geo Primary City: Kula
  • Geo Quality: 0.95
  • Geo Zoom Level: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2023
Closed on
May 3, 2023
Sold by
Lahahana Trust
Bought by
Freedom Management Inc
Seller's Agent
Meghan Clair
Coldwell Banker Island Prop(S)
Buyer's Agent
Volker Weiss
Coldwell Banker Island Prop(S)
List Price
$4,850,000
Sold Price
$4,850,000
Current Estimated Value
$4,466,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$383,171
Avg. Annual Appreciation
-3.53%

Purchase Details

Listed on
Feb 15, 2022
Closed on
Aug 2, 2022
Sold by
Jeffrey Lee Hayden Revocable Trust
Bought by
Lahahana Trust
Seller's Agent
Riette Jenkins
Coldwell Banker Island Prop(S)
Buyer's Agent
Meghan Clair
Coldwell Banker Island Prop(S)
List Price
$4,188,000
Sold Price
$3,388,000
Premium/Discount to List
-$800,000
-19.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.38%

Purchase Details

Listed on
Jul 25, 2020
Closed on
Sep 30, 2020
Sold by
Mcmenemy Michael C and Mcmenemy Deborah J
Bought by
Hayden Jeffrey Lee and The Jeffrey Lee Hayden Revocab
Seller's Agent
Raphael Wellerstein
Coldwell Banker Island Prop-Ku
Buyer's Agent
Riette Jenkins
Coldwell Banker Island Prop(S)
List Price
$2,395,000
Sold Price
$2,330,000
Premium/Discount to List
-$65,000
-2.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.43%
Original Mortgage
$1,864,000
Interest Rate
2.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2017
Sold by
Mcmenemy Michael and Mcmenemy Debbie
Bought by
Mcmenemy Michael C and Mcmenemy Deborah J

Purchase Details

Closed on
Jan 13, 2014
Sold by
Esty Edward T and Esty Mary Lee
Bought by
Mcmenemy Michael and Mcmenemy Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Freedom Management Inc -- Tge
Lahahana Trust -- Fidelity National Title
Lahahana Trust -- Fidelity National Title
Hayden Jeffrey Lee $2,330,000 Fnt
Mcmenemy Michael C -- None Available
Mcmenemy Michael $549,000 Fidelity National Title & Es
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hayden Jeffrey Lee $1,864,000
Previous Owner Mcmenemy Michael $954,225
Previous Owner Mcmenemy Michael $94,000
Previous Owner Mcmenemy Michael $349,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2023 05/09/23 Sold $4,850,000 0.0% $1,287 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $4,850,000 +43.2% $1,287 / Sq Ft
08/12/2022 08/12/22 Sold $3,388,000 -3.1% $899 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
04/28/2022 04/28/22 Price Changed $3,495,000 -7.9% $928 / Sq Ft
04/21/2022 04/21/22 Price Changed $3,795,000 -4.5% $1,007 / Sq Ft
03/08/2022 03/08/22 Price Changed $3,975,000 -5.1% $1,055 / Sq Ft
02/15/2022 02/15/22 For Sale $4,188,000 +79.7% $1,111 / Sq Ft
10/07/2020 10/07/20 Sold $2,330,000 -2.7% $618 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $2,395,000 0.0% $636 / Sq Ft
07/25/2020 07/25/20 For Sale $2,395,000 -- $636 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,492 $2,887,600 $781,400 $2,106,200
2024 $20,492 $2,720,200 $710,500 $2,009,700
2023 $18,819 $2,621,100 $586,300 $2,034,800
2022 $15,321 $2,183,900 $335,600 $1,848,300
2021 $12,761 $2,020,700 $321,800 $1,698,900
2020 $3,774 $1,689,700 $321,800 $1,367,900
2019 $4,174 $1,639,300 $308,000 $1,331,300
2018 $3,759 $1,519,100 $354,000 $1,165,100
2017 $3,171 $0 $0 $0
2016 $2,828 $1,247,400 $256,900 $990,500
2015 -- $621,200 $621,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 398603

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-3-003-238-0000