NOT LISTED FOR SALE

165 Welau Way Unit A-9 Lahaina, HI 96761

Estimated Value: $581,000 - $927,000

0.24 Acre
$2,879,359 Price per Acre
10,574 Sq Ft Lot

Last Sold December 17, 2024

Last sale price $612,500 $0 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,020/month

561 Days on Market

About This Lot

As of December 2024

Parcel A-9 at 165 Welau Way is located at the end of the quiet Welau cul-de-sac within the exclusive double gated subdivision of The Summit at Ka’anapali. This Pacific Ocean and West Maui Mountain view lot is ready to be built on with plans and permits near ready to be approved. The level ground topography makes this parcel shovel ready. The home site and plans allow for a large 4,500 sqft residence up to two stories including ample landscaping and full-size pool and spa. The parcel is approximately 10,574 square feet. The Summit is a relaxing and carefree golf-cart friendly neighborhood a short ride from the world famous Ka’anapali Beach and Resort. This neighborhood is great for both full time residents and vacation/2nd home owners. Ka’anapali is where the world comes to play. The neighboring lot is also available for purchase. This is a rare opportunity to own two side by side lots in the Summit.

Last Agent to Sell the Property

Alex Iskenderian

Berkshire Hathaway Maui Prop-L License #RB-23602 Listed on: 03/21/2023

Berkshire Hathaway Maui Prop-L

Co-Listed By

Jedidiah Stevens

Berkshire Hathaway Maui Prop-L License #RS-80377

Last Buyer's Agent

Honolulu MLS

Honolulu Board of REALTORS

Property Details

Property Type

  • Land

Lot Details

  • 10,574 Sq Ft Lot
  • Private Streets

Schools

  • King Kamehameha Iii Elementary School
  • Lahaina Intermediate
  • Lahainaluna High School

Additional Features

  • Mountain Views
  • Private Water Source

Community Details

  • Ke Alii Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2440170300000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • View: Mountain/Ocean
  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Co List Office Mls Id: 8594
  • Co List Office Phone: 808-661-5200
  • Subdivision Name: Ke Alii Subdivision
  • Special Features: None

Exterior Features

  • Acres: 0.242745
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No

Utilities

  • Water Source: Private

Schools

  • Elementary School: King Kamehameha III Elementary
  • High School: Lahainaluna High
  • Middle Or Junior School: Lahaina Intermediate

Lot Info

  • Lot Size Sq Ft: 10574
  • ResoLotSizeUnits: Acres
  • Parcel #: 2440170300000
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

  • Building Area Units: Square Feet

Tax Info

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Nov 21, 2024
Sold by
Welau Hale 37-3 Trust and Blue Water Homes Llc
Bought by
Lin Ping
Seller's Agent
Alex Iskenderian
Berkshire Hathaway Maui Prop-L
Buyer's Agent
Honolulu MLS
Honolulu Board of REALTORS
List Price
$899,000
Sold Price
$612,500
Premium/Discount to List
-$286,500
-31.87%
Views
26
Current Estimated Value
$698,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,450
Avg. Annual Appreciation
14.11%

Purchase Details

Closed on
Oct 15, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Ostad Naser and Sazegar Simin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,435
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2009
Sold by
Onewest Bank Fsb
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 9, 2005
Sold by
Stosik Raymond John and Stosik Sherel Ann
Bought by
Clairemont Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,000
Interest Rate
5.87%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lin Ping -- Fnt
Lin Ping -- Fnt
Ostad Naser $389,900 Fntic
Deutsche Bank National Trust Company $645,260 Fntic
Clairemont Linda $745,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ostad Naser $253,435
Previous Owner Clairemont Linda $589,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2024 12/17/24 Sold $612,500 -5.6% $0 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
08/07/2024 08/07/24 Price Changed $649,000 -1.5% $0 / Sq Ft
07/17/2024 07/17/24 Price Changed $659,000 -2.9% $0 / Sq Ft
04/23/2024 04/23/24 Price Changed $679,000 -2.9% $0 / Sq Ft
04/08/2024 04/08/24 Price Changed $699,000 -2.8% $0 / Sq Ft
03/04/2024 03/04/24 Price Changed $719,000 -4.0% $0 / Sq Ft
01/24/2024 01/24/24 Price Changed $749,000 -6.3% $0 / Sq Ft
08/27/2023 08/27/23 Price Changed $799,000 -11.1% $0 / Sq Ft
03/21/2023 03/21/23 For Sale $899,000 +130.5% $0 / Sq Ft
07/23/2021 07/23/21 Sold $390,000 -1.3% $37 / Sq Ft View Prior Sale
06/19/2021 06/19/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $395,000 0.0% $37 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
09/01/2020 09/01/20 For Sale $395,000 -- $37 / 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 $4,115 $701,100 $701,100 --
2024 $4,115 $701,100 $701,100 --
2023 $3,377 $577,300 $577,300 $0
2022 $2,364 $404,100 $404,100 $0
2021 $2,112 $387,600 $387,600 $0
2020 $1,489 $273,300 $273,300 $0
2019 $1,954 $348,900 $348,900 $0
2018 $1,605 $290,800 $290,800 $0
2017 $2,417 $0 $0 $0
2016 $2,312 $436,200 $436,200 $0
2015 -- $459,400 $459,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 398421

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-4-017-030-0000