NOT LISTED FOR SALE

5490 Makena Rd Kihei, HI 96753

Estimated Value: $6,086,000 - $14,191,870

5 Beds
5.5 Baths
5,485 Sq Ft
$1,657/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $14,300,000 $2,607 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $61,980/month

8 Days on Market

Highlights

  • Ocean View
  • Main Floor Primary Bedroom
  • Den
  • Heated In Ground Pool
  • Furnished
  • Home Security System

About This Home

As of December 2023

An incomparable residence at Black Sand beach in Makena, we are pleased to unveil 5490 Makena Road to the open market. This extravagant residence is positioned amidst the finest displays of raw beauty Maui can offer and is one of seven lots within this exceptionally exclusive beachfront community. For the discerning buyer looking to surpass your common ocean view scene, we invite you to get up close and personal with a panoramic view of the deep blue pacific ocean which includes sights of the outer islands of Molokini, Kaho'olawe, Lana'i, and Moloka'i. Also pictured in the frame is the magnificent and renowned landmark of Pu'u Ola'i, a red cinder cone mountain and hiking trail. Boasting just above the precipice of Oneuli beach, this stunning .8 acre estate offers 5 spacious bedrooms and 5.5 bathrooms. As you enter into this Farrington & Bayless architectural masterpiece, featuring 20 foot ceilings your gaze is immediately captivated by the cobalt blue waters, and the stunning 1,050 sqft curved linear pool and spa. Complemented with travertine tile throughout with 12-foot retractable glass doors, your primary living room and kitchen effortlessly transform into a harmonious indoor-outdoor environment. Your kitchen features roll away glass windows, wolf appliances and remarkable stone countertops. On the north wing, your first primary ensuite and outdoor shower await, with your second primary and 3rd bedroom on the southern wing. The remaining 2 ensuites, each with their own private lanai's are found on the lower level. Not only do you have an ease of access to the sandy obsidian coastline known as Oneuli beach below, but numerous crescent shaped golden sand beaches are located in each direction, making this location truly invaluable. Makena, meaning "abundance" , delivers in every way with superior crystal clear waters, ideal weather, world renowned golf courses, shopping, dining and so much more. This home features an elevator, a wine room, 48 solar panels and is paired with the Savant Smart Home System. A truly incredible home, with a very special location. Please call your real estate professional for an exclusive private showing.

Last Agent to Sell the Property

Sara Fox

Keller Williams Realty Maui-Ki License #RS-76518 Listed on: 12/01/2023

Keller Williams Realty Maui-Ki

Co-Listed By

Lindsay Holmes

Keller Williams Realty Maui-Ki License #RS-81835

Last Buyer's Agent

Peggy Lyn Speicher

Coldwell Banker Island Prop-KP License #RB-22577

Coldwell Banker Island Prop-KP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $150,767

Year Built

  • Built in 2007 | Remodeled

Lot Details

  • 0.82 Acre Lot
  • Fenced
  • Gentle Sloping Lot
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco Exterior
  • Double Stud Wall

Interior Spaces

  • 5,485 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Chandelier
  • Drapes & Rods
  • Blinds
  • Dining Area
  • Den
  • Storage Room
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 5.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Accessible Home Design

  • Wheelchair Accessible Bath
  • Stair Lift

Eco-Friendly Details

  • Solar Water Heater

Pool

  • Heated In Ground Pool
  • Spa

Schools

  • Kamalii Elementary School
  • Lokelani Intermediate
  • Kulanihako’I High School

Utilities

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

Community Details

  • Black Sands Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$150,767

Year Built

Built in 2007 | Remodeled

Lot Details

0

Listing Details

  • Ada Enhanced Access: Bathrm Wheelchair Access, Stair Lift Or Elevator
  • Class: Residential
  • District: Wailea/Makena
  • Other Features: Storage, Remodeled, Lawn Sprinkler, Wall/Fence, Spa/Hot Tub
  • Perm To Adv Upcoming1: Yes
  • Perm To Adv Upcoming2: Yes
  • Roads: Paved
  • Type: Single Family
  • View: Ocean
  • Year Built House: 2007
  • Geo Subdivision: HI
  • Tax Year Ending: 2023
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2007

Interior Features

  • Flooring: Stone/Concrete, Carpet
  • Additional Rooms: Den/Study, Dining Area, Laundry Room, Storage Room
  • Bathrooms: 5.5
  • Bedrooms: 5
  • Included: Auto Garage Door Opener, Blinds, Security System, Ceiling Fan(s), Chandelier/Swag Lamp, Dishwasher, Disposal, Dryer, Drapes, Furnished, Inventory, Kitchen Ware, Linens, Microwave, Range, Refrigerator, Smoke/Heat Detector, Solar Water Heating, Tv Cable, Washing MacHine
  • Living Area Sq Ft: 5485
  • Master Bedroom Ground Floor: Yes
  • Price Per Sq Ft: 2607.11
  • Total Living Sq Ft: 5485

Exterior Features

  • Construction Data: Double Wall, Wood Frame
  • Design And Structure: 2 Story
  • Exterior Finish: Stucco
  • Pool: Yes
  • Pool Type: In-Ground, Heated
  • Roofing: Monier Tile/Tile

Garage/Parking

  • Garage: Yes
  • Number of Car Spaces: 2
  • Garage Parking Sq Ft House: 684

Utilities

  • Central Air Conditioning: Yes
  • Sewer: Septic Tank
  • Utilities To Site: County Water, County Water Meter Ins, Underground Electricity, Telephone, Tv Cable

Condo/Co-op/Association

  • Association Fees Frequency: Semiannually
  • Association Fees: 14500
  • Association Manager: Pu'u Ola'I Homeowners
  • Other Monthly Fees: Maintenance Fees

Schools

  • Elementary School: Kamalii Elementary
  • Middle School: Lokelani Intermediate
  • High School: Kulanihako’i High
  • Elementary School: Kamalii Elementary
  • High School: Kulanihako’i High
  • Intermediate School: Lokelani Intermediate

Lot Info

  • County Zoning: R-3 Residential
  • General Land Class: Improved Residential
  • Land Acres: 0.824
  • Land Recorded: Regular
  • Land Sq Ft: 35893
  • Topography: Gentle Slope
  • Geo Address Line: 5490 Makena Rd
  • Geo Primary City: Kihei
  • Geo Quality: 0.95
  • Geo Zoom Level: 16

Tax Info

  • Taxes Per Month: 10440.93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Dec 22, 2023
Sold by
Jeffrey Cohen Declaration Of Trust
Bought by
Cahill Carolyn King and Laufer Michael Robert
Seller's Agent
Sara Fox
Keller Williams Realty Maui-Ki
Buyer's Agent
Peggy Lyn Speicher
Coldwell Banker Island Prop-KP
List Price
$14,999,999
Sold Price
$14,300,000
Premium/Discount to List
-$699,999
-4.67%
Current Estimated Value
$9,086,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,213,043
Avg. Annual Appreciation
-23.65%

Purchase Details

Closed on
Oct 7, 2022
Sold by
Cohen Jeffrey
Bought by
Jeffrey Cohen Declaration Of Trust

Purchase Details

Listed on
Jun 25, 2019
Closed on
Jan 22, 2021
Sold by
Barnhart Douglas E and Barnhart Nancy J
Bought by
Cohen Jeffrey
Seller's Agent
David Richardson
Hawaii Life (W)
Buyer's Agent
David Richardson
Hawaii Life (W)
List Price
$11,750,000
Sold Price
$9,999,000
Premium/Discount to List
-$1,751,000
-14.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.06%

Purchase Details

Closed on
Aug 18, 2011
Sold by
Barnhart Douglas E and Barnhart Nancy J
Bought by
Barnhart Douglas E and Barnhart Nancy J

Purchase Details

Closed on
Jun 26, 2008
Sold by
Wailea 2003 Acquisition Investment Llc
Bought by
Barnhart Douglas E and Barnhart Nancy J
Source: Public Records

Range of Values:

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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
Cahill Carolyn King -- First Hawaii Title Corporation
Jeffrey Cohen Declaration Of Trust -- --
Cohen Jeffrey $9,999,000 Fnt
Barnhart Douglas E -- None Available
Barnhart Douglas E $8,650,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wailea 2003 Acquisition Investment Llc $1,800,000
Previous Owner Wailea 2003 Acquisition Investment Llc $3,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $14,300,000 -4.7% $2,607 / Sq Ft
12/09/2023 12/09/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $14,999,999 +50.0% $2,735 / Sq Ft
01/29/2021 01/29/21 Sold $9,999,000 -14.9% $1,823 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
06/25/2019 06/25/19 For Sale $11,750,000 -- $2,142 / 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 $150,767 $12,554,900 $5,238,300 $7,316,600
2024 $150,767 $12,135,500 $5,238,300 $6,897,200
2023 $125,291 $11,815,300 $4,989,000 $6,826,300
2022 $108,499 $10,471,900 $4,346,400 $6,125,500
2021 $67,362 $8,845,900 $3,118,200 $5,727,700
2020 $55,015 $8,227,600 $2,564,700 $5,662,900
2019 $47,411 $7,981,600 $2,564,700 $5,416,900
2018 $52,441 $8,740,200 $2,434,600 $6,305,600
2017 $36,671 $0 $0 $0
2016 $35,646 $6,297,900 $3,165,000 $3,132,900
2015 -- $5,833,100 $3,002,300 $2,830,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 400401

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-1-006-109-0000