NOT LISTED FOR SALE

23 Makakehau Rd Unit L1 (23-1) Kihei, HI 96753

Estimated Value: $5,405,000 - $6,582,000

3 Beds
3.5 Baths
1,314,075 Sq Ft
30.17 Acres

Last Sold December 16, 2016

Last sale price $3,075,000 $2 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $37,116/month

10 Days on Market

Highlights

  • In Ground Pool
  • Property is near an ocean
  • Mountain View
  • Sauna
  • 30.17 Acre Lot
  • Security Guard

About This Home

As of December 2016

Special properties like Ho'olei Villa 23-1 rarely become available. This is the largest and most highly sought after floor plan in the community. Situated on the quiet, south end of the last hotel-zoned development in Wailea. The view is spectacular -180 degrees looking towards the amazing blue water out towards West Maui. Designed by a prestigious interior design firm, this villa is both elegant and comfortable. Custom wall colors and lighting on dimmers combines the palate of the Studio Snaidero cabinetry and thick granite counter tops perfectly. Two Sub Zero refrigerators, four freezers, Wolf stainless steel appliances and grill add to the luxury feel of this contemporary kitchen. Thick dual-paned Fleetwood glass doors magically retract into the wall to reveal and allow access to the lanai. This indoor/outdoor living arrangement makes it perfect to enjoy your meals on the lanai with the soothing sounds of the ocean breezes coming through the home. Ho'olei is a very special development, with the option for short term rentals. You and your guests will enjoy a unique experience with the benefits and amenities of the world class Wailea Resort. Impressive rental history. Finely appointed and offered fully furnished by the sellers. Don't miss out on this unique opportunity to own your perfect piece of paradise on Maui. Virtual Tour at http://fusion.realtourvision.com/idx/466057

Last Agent to Sell the Property

Dano Sayles

Coldwell Banker Island Prop(S) License #RB-16779 Listed on: 10/04/2016

Coldwell Banker Island Prop(S)

Last Buyer's Agent

Dano Sayles

Coldwell Banker Island Prop(S) License #RB-16779 Listed on: 10/04/2016

Coldwell Banker Island Prop(S)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $74,560

Year Built

  • Built in 2007

Lot Details

  • 30.17

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • Storage
  • Sauna
  • Home Gym
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3.5 Bathrooms

Parking

  • 1 Car Garage
  • 1 Carport Space

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Property is near an ocean
  • Outdoor Grill

Utilities

  • Central Air

Community Details

  • Hoolei Community
  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$74,560

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Wailea/Makena
  • Other Features: Exercise Room, Sauna, Bar-B-Que, Security Guard, Extra Storage, Spa/Hot Tub
  • Type: Condo
  • View: Mountain/Ocean
  • Unit: L1 (23-1)
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Bathrooms: 3.5
  • Bedrooms: 3
  • Living Area Sq Ft: 3076
  • Floor Level: 2

Exterior Features

  • Pool: Yes
  • Waterfront: Across Street From Ocean
  • Pool Type: In-Ground

Garage/Parking

  • Garage: Yes
  • Garage Number Of Cars: 1
  • Carport: Yes
  • Number of Carport Spaces: 1

Utilities

  • Central Air Conditioning: Y
  • Utilities To Site: County Water

Condo/Co-op/Association

  • Complex Name: Hoolei
  • Monthly Maintenance Fee: 1695.97

Lot Info

  • County Zoning: H-1 Hotel District
  • Land Acres: 30.167
  • Land Sq Ft: 1314075
  • State Zoning: Urban

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2008
Sold by
Wailea Mf 9 Associates Llc
Bought by
Mahajan Sat Pal and Mahajan Padma
Current Estimated Value
$5,892,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,738,750
Outstanding Balance
$1,110,322
Interest Rate
6.04%
Mortgage Type
Unknown
Estimated Equity
$4,782,143
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
Mahajan Sat Pal $2,675,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahajan Sat Pal $1,738,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $3,075,000 -3.9% $2 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
10/04/2016 10/04/16 For Sale $3,200,000 -- $2 / 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 $74,560 $6,805,000 $781,000 $6,024,000
2024 $74,560 $5,337,300 $781,000 $4,556,300
2023 $56,009 $4,726,500 $781,000 $3,945,500
2022 $43,685 $3,686,500 $248,100 $3,438,400
2021 $40,836 $3,655,600 $220,500 $3,435,100
2020 $38,147 $3,442,900 $220,500 $3,222,400
2019 $32,801 $3,051,300 $202,100 $2,849,200
2018 $28,375 $3,057,700 $183,800 $2,873,900
2017 $28,251 $0 $0 $0
2016 $23,341 $2,679,800 $175,100 $2,504,700
2015 $3,080 $2,613,900 $175,100 $2,438,800
Source: Public Records

Agents Affiliated with this Home

  • Dano Sayles

    Seller's Agent in 2016

    Dano Sayles

    Coldwell Banker Island Prop(S)

    (808) 870-4899

    124 in this area

    185 Total Sales

    Dano Sayles
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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 371058

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-1-008-119-0067

Hawaii Maui County Kihei 96753

23 Makakehau Rd Unit L1 (23-1), Kihei, HI

This home is located at 23 Makakehau Rd Unit L1 (23-1), Kihei, HI 96753 since 04 October 2016 and is currently estimated at $5,892,465, approximately $4 per square foot. This property was built in 2007. 23 Makakehau Rd Unit L1 (23-1) is a home located in Maui County with nearby schools including Kamali'i Elementary School, Lokelani Intermediate School, and Maui High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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