NOT LISTED FOR SALE

23 Makakehau Rd Unit L-3 Kihei, HI 96753

Wailea-Makena Neighborhood

Estimated Value: $5,472,000 - $6,057,000

3 Beds
4 Baths
2,619 Sq Ft
$2,226/Sq Ft Est. Value

Last Sold March 20, 2024

Last sale price $6,100,000 $2,329 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $38,903/month

Highlights

  • Ocean View
  • Sauna
  • 30.17 Acre Lot
  • In Ground Pool
  • Property is near an ocean
  • Lanai

About This Home

As of March 2024

Welcome to your Magical Maui Villa: Ho'olei 23-3 in Wailea. This finely appointed 3 bedroom townhome-style condo has deluxe ocean views and is gracefully positioned in one of the most coveted locations in the whole community. A shining example of Wailea hospitality, this modern and elegant villa has every element thoughtfully designed to maximize your enjoyment of the island lifestyle and is being offered fully furnished by the sellers. Impeccable interiors, sophisticated decor, and the best finishes all come together in Ho'olei 23-3 through the expert styling of Bassman-Blaine. This impeccable villa has the highly lauded Plumeria floor plan which features wide (approx 32 feet) and spacious covered lanais on both floors so you can savor outdoor living in comfort all day long. The top-floor lanai has premium Fleetwood glass doors that fully retract to create a seamless connection between indoor and outdoor spaces. Appliances include two Sub Zero refrigerators with four freezer drawers all clad in matching cabinet facings and Wolf stainless steel appliances including a gas range and separate grill on the lanai. Special villas like Ho'olei 23-3 seldom become available in the neighborhood. Ho'olei is a very special hotel-zoned community, with options for daily rentals coordinated by the Grand Wailea Resort. You and your guests can enjoy a unique experience that includes the numerous amenities of the Grand Wailea Resort while staying in a beautiful residence. Nearby are all of Wailea's resort amenities, including first-class restaurants, 3 championship golf courses, tennis facilities, elite shopping opportunities, and miles of white sand beaches and ocean recreation.

Last Agent to Sell the Property

Dano Sayles

Coldwell Banker Island Prop(S) License #RB-16779 Listed on: 02/09/2024

Coldwell Banker Island Prop(S)

Co-Listed By

Anthony R

Coldwell Banker Island Prop(S) License #RS-63365

Last Buyer's Agent

Jeremy Stice

Compass License #RB-21286

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $75,439

Year Built

  • Built in 2007

Lot Details

  • 30

HOA Fees

  • $53 Monthly HOA Fees

Parking

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

Home Design

  • Slab Foundation
  • Tile Roof
  • Concrete Block And Stucco Construction
  • Double Stud Wall

Interior Spaces

  • 2,619 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Chandelier
  • Drapes & Rods
  • Blinds
  • Storage
  • Sauna
  • Home Gym
  • Ocean Views
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Stair Lift

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Property is near an ocean
  • Lanai
  • Outdoor Grill

Schools

  • Kamalii Elementary School
  • Lokelani Intermediate
  • Maui High School

Utilities

  • No Heating
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2210081190069

Community Details

Overview

  • Hoolei Community
  • Hoolei Subdivision

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$75,439

Year Built

Built in 2007

Lot Details

0

HOA Fees

$53 per month

Parking

1

Listing Details

  • View: Ocean
  • Year Built: 2007
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • PoolFeatures: In Ground
  • SecurityFeatures: Security System, Smoke/Heat Detector, Security Guard
  • Co List Office Mls Id: 8746
  • Co List Office Phone: 808-874-8668
  • Subdivision Name: Hoolei
  • Accessibility Features: Stair Lift or Elevator
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Fireplace: No
  • Garage Yn: Yes
  • Interior Features: Ceiling Fan(s), Chandelier/Swag Lamp, Furnished, Kitchen Ware, TV Cable, Exercise Room, Sauna, Extra Storage
  • LivingArea: 2619
  • Property Attached Yn: Yes
  • Roof: Monier Tile/Tile
  • Structure Type: Townhouse
  • WindowFeatures: Blinds, Drapes
  • Master Plan Zoning: H-1
  • Financial Info Electric: Underground
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: Spa/Hot Tub
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 3

Exterior Features

  • Acres: 30.167
  • View: Yes
  • Waterfront Features: Across Street from Ocean
  • Waterfront: No
  • Disclosures: Property Disc Statement
  • Home Warranty: No
  • Construction Type: Stucco, Concrete, Double Wall
  • Exterior Features: Barbecue
  • Foundation Details: Concrete Slab
  • Patio And Porch Features: Covered Lanai/Deck

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 1
  • Parking Features: Garage Door Opener

Utilities

  • Sewer: Public Sewer
  • HeatingYN: No
  • Utilities: Phone Connected, Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 320
  • Association Fee Frequency: Semi-Annually

Schools

  • Elementary School: Kamalii Elementary
  • High School: Maui High
  • Middle Or Junior School: Lokelani Intermediate

Lot Info

  • Lot Size Sq Ft: 1314075
  • ResoLotSizeUnits: Acres
  • Parcel #: 2210081190069
  • Zoning Description: Hotel District
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: No
  • Lease Term: Short Term Lease

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Mar 8, 2024
Sold by
C & R Family Trust
Bought by
833 Hokulani Lp
Seller's Agent
Dano Sayles
Coldwell Banker Island Prop(S)
Buyer's Agent
Jeremy Stice
Compass
List Price
$6,100,000
Sold Price
$6,100,000
Total Days on Market
0
Views
41
Current Estimated Value
$5,828,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$271,386
Avg. Annual Appreciation
-3.60%

Purchase Details

Closed on
Sep 30, 2014
Sold by
Banakus Richard Joseph and Banakus Cindy Lee
Bought by
C & R Family Trust

Purchase Details

Closed on
May 19, 2008
Sold by
Wailea Mf-9 Associates Llc
Bought by
Minshull Lee Steven and Minshull Saundra Witherell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,968,200
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
833 Hokulani Lp -- Fnt
C & R Family Trust -- Accommodation
Minshull Lee Steven $3,028,514 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banakus Ricahrd $1,000,000
Previous Owner Minshull Lee Steven $1,968,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2024 03/20/24 Sold $6,100,000 0.0% $2,329 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $6,100,000 -- $2,329 / 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 $75,439 $5,961,100 $696,100 $5,265,000
2024 $75,439 $5,395,900 $696,100 $4,699,800
2023 $52,871 $4,461,700 $696,100 $3,765,600
2022 $39,380 $3,323,200 $221,100 $3,102,100
2021 $37,496 $3,357,400 $196,500 $3,160,900
2020 $21,368 $3,351,100 $196,500 $3,154,600
2019 $30,778 $2,863,100 $180,200 $2,682,900
2018 $26,248 $2,828,400 $163,800 $2,664,600
2017 $25,303 $0 $0 $0
2016 $2,172 $2,493,800 $156,000 $2,337,800
2015 $3,080 $2,538,400 $156,000 $2,382,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 401142

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-1-008-119-0069