NOT LISTED FOR SALE

40 Kai Malu Dr Unit 201 Kihei, HI 96753

Wailea-Makena Neighborhood

Estimated Value: $1,125,000 - $1,288,291

3 Beds
3 Baths
1,742 Sq Ft
13 Acres

Last Sold June 18, 2024

Last sale price $2,731,550 $1,568 Per Sq Ft

Current estimated payment $6,875/month

Highlights

  • Ocean View
  • 12.99 Acre Lot
  • 1 Car Garage
  • Heated Lap Pool
  • Lanai
  • No Heating

About This Home

As of June 2024

This three bedroom home features an open and airy floor plan of approximately 1,746. A timeless color palette is warmed by subtle textures and clean, contemporary lines for a visual kinship with the surrounding landscape, while premium design elements such as quartz countertops elevate each home to a sophisticated place. Defined by a signature sliding window wall in the great room and a generous ocean-facing lanai, each residence embodies casual island elegance and a truly seamless sense of indoor/outdoor living. Sanctuaries within a tranquil island escape, the bedrooms of La’i Loa are spacious and sublime in a warm, coastal color palette. This three bedroom villa offers a full master suite with a 112- square-foot private lanai from which to indulge in dramatic ocean views in unparalleled intimacy, in addition to both a guest suite and junior suite with en-suite bathroom. Clean lines and a bright, simple color palette compose the sense of serenity found in the bathrooms, contrasting beautifully with the brilliant color and life found just outside. A striking vanity with luxurious tile accents in the master bathroom suite adds a sublime touch of understated luxury to the everyday. Facing west on the makai side of each building, the lanai embodies the magic of indoor/outdoor living with 312 square feet of outdoor living, built-in BBQ and dramatic views of the ocean and neighboring islands of Kaho’olawe, Molokini and Lana’i. This home also enjoys an additional 112-square-foot lanai off the master suite for a sense of private relaxation. Pictures used are developers renderings and not unit specific. Information is deemed to be reliable but not guaranteed.

Last Agent to Sell the Property

Carla Lorimor

Polaris Pacific License #RB-21404 Listed on: 04/23/2021

Last Buyer's Agent

Carla Lorimor

Polaris Pacific License #RB-21404 Listed on: 04/23/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,367

Year Built

  • Built in 2024

Lot Details

  • 13

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Wood Frame Construction
  • Double Stud Wall
  • Stucco

Interior Spaces

  • 1,742 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Pool

  • Heated Lap Pool
  • Heated In Ground Pool

Outdoor Features

  • Lanai

Schools

  • Kamalii Elementary School
  • Lokelani Intermediate
  • Maui High School

Utilities

  • No Heating
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2210081160028

Community Details

Overview

  • Low-Rise Condominium
  • La'i Loa Community
  • La'i Loa Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,367

Year Built

Built in 2024

Lot Details

0

Parking

1

Listing Details

  • View: Ocean
  • Year Built: 2024
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • PoolFeatures: Heated, In Ground, Lap
  • Subdivision Name: La'i Loa
  • Carport Y N: No
  • Garage Yn: Yes
  • LivingArea: 1742
  • Property Attached Yn: Yes
  • Structure Type: Low-Rise 1-3 Stories
  • Financial Info Electric: Underground
  • Special Features: NewHome

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • Acres: 12.991
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Stucco, Wood, Double Wall, Wood Frame
  • Patio And Porch Features: Covered Lanai/Deck

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes

Utilities

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

Schools

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

Lot Info

  • Lot Size Sq Ft: 565888
  • ResoLotSizeUnits: Acres
  • Parcel #: 2210081160028
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2015
Sold by
Hawaii Tradewinds Realty Partners 1 Llc
Bought by
Kral Leslie Lynn
Current Estimated Value
$1,224,227

Purchase Details

Closed on
Oct 10, 2007
Sold by
Ws Kai Makani Inc
Bought by
Hawaii Tradewinds Realty Partners 1 Llc
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
Kral Leslie Lynn $575,000 Fntic
Hawaii Tradewinds Realty Partners 1 Llc $586,000 Fhtc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $2,731,550 +1.4% $1,568 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $2,695,000 -- $1,547 / 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 $1,367 $1,279,100 $164,300 $1,114,800
2024 $1,367 $1,059,300 $164,300 $895,000
2023 $1,402 $1,037,800 $164,300 $873,500
2022 $978 $689,100 $129,700 $559,400
2021 $1,283 $732,200 $129,700 $602,500
2020 $1,168 $665,400 $129,700 $535,700
2019 $1,392 $679,900 $99,500 $580,400
2018 $1,131 $596,700 $99,500 $497,200
2017 $3,705 $0 $0 $0
2016 $33 $542,000 $99,500 $442,500
2015 $1,596 $537,800 $86,500 $451,300
2014 $1,596 $514,900 $73,500 $441,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 391884

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-041-002-0085