NOT LISTED FOR SALE

4000 Wailea Alanui Dr Unit 402 Kihei, HI 96753

Estimated Value: $8,403,000 - $13,809,001

4 Beds
4.5 Baths
1,224,472 Sq Ft
$9/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $16,000,000 $13 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $79,681/month

10 Days on Market

Highlights

  • Beach Front
  • 28.11 Acre Lot
  • Clubhouse
  • Heated Lap Pool
  • Mountain View
  • Wood Flooring

About This Home

As of December 2021

Wailea Point is the most revered condominium resort property on Maui bar none. Unit 402, an upper-level full-floor unit, was designed by the original developer as his personal residence and has only been offered for sale once since 1986. Simply stated, it is the Location on the Point of Wailea Point's verdant, meticulously landscaped, 28 oceanfront acres. The interior design optimizes the 200 degree dynamic coastal, panoramic ocean and outer island views, enhanced by ever-changing painterly year-round sunsets. While one is compelled to ponder the ocean views in every direction, the soaring 20 plus foot ceilings and custom finishes throughout speak elegance.The Venetian plaster walls are velvet to the touch and complement the sheen of the 24 ft by 36 ft polished limestone tile flooring. One's culinary expressions are enhanced by SubZero, Wolf, Gaggenau, Bosch, Fisher-Paykel, Dacor and Blanco Steel Art appliances, framed by almond lacquered cabinetry, a Voguebay glass mosaic back-splash and the specimen quality Capolavoro granite island. Custom, book-matched Hawaiian Koa wood cabinetry, floors, doors and beams add warmth throughout. The spacious master and guest master suites offer luxurious en-suite spa-quality baths. Both the den with its en-suite bath and the spacious office, offer closet space, have compelling ocean views and may serve as bedrooms 3 and 4. A custom Koa, Wenge-wood and beveled glass stairway leads to a grand mezzanine offering pastoral Upcountry and Haleakala views, a dedicated full bath and walk-in closet and may possibly serve as a fifth bedroom. Maui’s finest beaches, serving both the neighboring Four Seasons and Fairmont Resorts border this luxurious secure gated oasis. World-class golf, tennis, fine dining, shopping, spas and art galleries are adjacent valued amenities. Two pool and spa pavilions host community gatherings and are available for the owners private use.

Last Agent to Sell the Property

Robbie Dein

Maui Real Estate Advisors LLC License #RB-18398 Listed on: 09/10/2021

Co-Listed By

Ken Hayo

Maui Real Estate Advisors LLC License #RB-15529

Last Buyer's Agent

Dave Wagner

Wailea Point Realty, Inc. License #RB-15525

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $253,768

Year Built

  • Built in 1986

Lot Details

  • 28.11

Home Design

  • Cluster Home
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof
  • Wood Siding
  • Stucco Exterior
  • Double Stud Wall
  • Masonry

Interior Spaces

  • Furnished
  • Shelving
  • Ceiling Fan
  • Chandelier
  • Blinds
  • Family Room
  • Dining Area
  • Den
  • Loft
  • Storage Room
  • Home Gym
  • Mountain Views
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4.5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Pool

  • Heated Lap Pool
  • Heated In Ground Pool
  • Spa

Utilities

  • Central Air
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Additional Features

  • Outdoor Grill
  • Beach Front

Listing and Financial Details

  • Short Term Rentals Allowed

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Wailea Point Community

Amenities

  • Clubhouse
  • Party Room

Pet Policy

  • Pets Allowed

Security

  • Security Guard
  • Fire and Smoke Detector

Recreation

  • Tennis Courts

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$253,768

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Wailea/Makena
  • Other Features: Bar-B-Que, Club House, Exercise Room, Party Room, Security Guard, Spa/Hot Tub, Tennis Court
  • Type: Condo
  • View: Mountain/Ocean
  • Unit: 402
  • Year Built: 1986
  • Year Renovated: 2011
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Stone/Concrete, Wood
  • Additional Rooms: Den/Study, Dining Area, Eat-In Kitchen/Nook, Family Room, Loft, Storage Room
  • Bathrooms: 4.5
  • Bedrooms: 4
  • Included: Auto Garage Door Opener, Blinds, Book Shelves, Security System, Ceiling Fan(s), Chandelier/Swag Lamp, Dishwasher, Disposal, Dryer, Furnished, Inventory, Kitchen Ware, Linens, Microwave, Range, Refrigerator, Smoke/Heat Detector, Tv Cable, Washing MacHine
  • Living Area Sq Ft: 4544
  • Price Per Sq Ft: 3521.13
  • Floor Level: 2

Exterior Features

  • Construction Data: Double Wall, Masonry, Wood Frame
  • Design And Structure: Cluster, Low-Rise 1-3 Stories, Town House
  • Exterior Finish: Brick, Stucco, Wood
  • Pool: Yes
  • Roofing: Monier Tile/Tile
  • Substructure: Concrete Slab
  • Waterfront: Beachfront
  • Pool Type: Heated, In-Ground, Lap

Garage/Parking

  • Garage: Yes
  • Garage Number Of Cars: 2

Utilities

  • Central Air Conditioning: y
  • Sewer: Sewer County, Sewer Connected
  • Utilities To Site: County Wat Metr Installed, County Water, Telephone, Tv Cable, Underground Electricity

Condo/Co-op/Association

  • Other Monthly Fees: Associated Fee, Maintenance Fees
  • Complex Name: Wailea Point
  • Monthly Maintenance Fee: 5111.09

Lot Info

  • General Land Class: Hotel And Resort
  • Land Acres: 28.11
  • Land Sq Ft: 1224472

Rental Info

  • Pets Allowed: Yes
  • Short Term Rental Allowed: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2022
Sold by
402 Maui House Llc
Bought by
Coon Family Revocable Trust
Current Estimated Value
$11,106,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,450,000
Interest Rate
5.78%

Purchase Details

Listed on
Sep 10, 2021
Closed on
Dec 10, 2021
Sold by
Masterson Michael E and Masterson Rebecca L
Bought by
402 Maui House Llc
Seller's Agent
Robbie Dein
Maui Real Estate Advisors LLC
Buyer's Agent
Dave Wagner
Wailea Point Realty, Inc.
List Price
$17,770,000
Sold Price
$16,000,000
Premium/Discount to List
-$1,770,000
-9.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.87%
Original Mortgage
$10,000,000
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2019
Sold by
Masterson Michael E and Matsterson Rebecca L
Bought by
Masterson Michael E and Masterson Rebecca L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,179,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 6, 2010
Sold by
Wagner Clyde Albert and Wagner Lorraine Johanna
Bought by
Masterson Michael E and Masterson Rebecca L

Purchase Details

Closed on
Mar 27, 2006
Sold by
Wailea Holdings Ltd
Bought by
Wagner Clyde Albert and Wagner Lorraine Johanna
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Coon Family Revocable Trust -- Fidelity National Title
402 Maui House Llc -- Fnt
Masterson Michael E -- Accommodation
Masterson Michael E -- Or
Masterson Michael E $9,799,999 Fntic
Wagner Clyde Albert $2,865,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coon Family Revocable Trust $8,450,000
Previous Owner 402 Maui House Llc $10,000,000
Previous Owner Masterson Michael E $3,179,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $16,000,000 -10.0% $13 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $17,770,000 -- $15 / 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 $253,768 $17,284,500 $2,275,200 $15,009,300
2024 $253,768 $17,284,500 $2,275,200 $15,009,300
2023 $173,881 $14,673,500 $2,275,200 $12,398,300
2022 $109,693 $9,256,800 $1,145,000 $8,111,800
2021 $21,732 $8,359,500 $1,040,900 $7,318,600
2020 $20,142 $7,961,400 $1,040,900 $6,920,500
2019 $19,261 $6,841,600 $946,300 $5,895,300
2018 $17,750 $6,428,200 $860,300 $5,567,900
2017 $18,841 $0 $0 $0
2016 $16,974 $6,486,700 $817,300 $5,669,400
2015 $17,069 $7,030,000 $817,300 $6,212,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 392955

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-1-023-006-0026