NOT LISTED FOR SALE

588 Kulaiwi Dr Wailuku, HI 96793

Estimated Value: $12,451,881

5 Beds
5.5 Baths
8,032 Sq Ft
$1,550/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $11,040,000 $1,375 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $75,679/month

179 Days on Market

About This Home

As of May 2023

Set against the backdrop of the West Maui Mountains, steeped in history, is an extraordinary estate built on a mountaintop. A location where you are connected to the rhythms of nature living in balance with one’s surroundings. A property that has been blessed by Kahu and where Kumu are invited to pick Puakenikeni flowers for leis. Land with sustainable gardens and wildlife, including peacocks, turkeys, and ducks, as well as an abundant orchard which produces nourishing papayas, bananas, limes, grapefruit, Buddha’s hand citrus, and more. The gardens include native species that support a sustainable future, including over 300 prized Koa and Koa'ia trees, as well as 25 gorgeous Ohia Lehua which contribute towards preserving cultural traditions. The mountaintop vantage point is unparalleled in Maui, with its sweeping views of the central isthmus and the north and south shorelines. The gracious home opens to nature allowing trade winds to circulate for a natural, healthy open-air environment, and the use of clerestory windows brings outside light into the home. The property embodies the aloha spirit of island lifestyle with maximum privacy. It offers a unique combination of proximity to the airport, hospital and shopping while preserving seclusion. An award-winning local architect, Nishikawa Architects, designed the home which was influenced by the iconic work of C.W. Dickey, earning BIA Hawaii’s 2016 Grand Award for design excellence. A compelling aspect of this property is its permits. Lona Ridge is a coveted location for spectacular celebrations, TV sets, and corporate events. Living here offers an opportunity to contribute back to the community. Contact your favorite real estate broker for more details.

Last Agent to Sell the Property

Josh Jerman

Hawaii Life (W) License #RB-19728 Listed on: 11/13/2022

Hawaii Life (W)

Co-Listed By

Lloyd Sodetani

Maui Realty Co Inc License #RB-08026

Last Buyer's Agent

Josh Jerman

Hawaii Life (W) License #RB-19728 Listed on: 11/13/2022

Hawaii Life (W)

Home Details

Home Type

Single Family

Est. Annual Taxes

$82,909

Year Built

2008

Lot Details

0

Listing Details

  • Class: Residential
  • District: Wailuku
  • Perm To Adv Upcoming1: Yes
  • Perm To Adv Upcoming2: Yes
  • Type: Single Family
  • View: Mountain/Ocean
  • Year Built House: 2008
  • Geo Subdivision: HI
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2008

Interior Features

  • Additional Rooms: Den/Study, Dining Room, Eat-In Kitchen/Nook, Family Room, Laundry Room
  • Bathrooms: 5.5
  • Bedrooms: 5
  • Included: Auto Garage Door Opener, Blinds, Book Shelves, Security System, Ceiling Fan(s), Chandelier/Swag Lamp, Dishwasher, Disposal, Dryer, Drapes, Fireplace, Microwave, Range, Refrigerator, Smoke/Heat Detector, Tv Cable, Washing MacHine
  • Living Area Sq Ft: 8032
  • Master Bedroom Ground Floor: Yes
  • Price Per Sq Ft: 1374.5
  • Total Living Sq Ft: 8032

Exterior Features

  • Covered Lanai Deck Sq Ft House: 660
  • Pool: Yes
  • Pool Type: In-Ground

Garage/Parking

  • Garage: Yes
  • Number of Car Spaces: 4

Utilities

  • Utilities To Site: County Water, Underground Electricity, Telephone, Tv Cable

Lot Info

  • Land Acres: 5.75
  • Land Sq Ft: 250470
  • Geo Address Line: 588 Kulaiwi Dr
  • Geo Primary City: Wailuku
  • Geo Quality: 0.95
  • Geo Zoom Level: 16

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 2350020100000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2022
Closed on
May 17, 2023
Sold by
Leona R Wilson Revocable Trust and Wilson Leona R
Bought by
Kahalawai Llc
Seller's Agent
Josh Jerman
Hawaii Life (W)
Buyer's Agent
Josh Jerman
Hawaii Life (W)
List Price
$12,800,000
Sold Price
$11,040,000
Premium/Discount to List
-$1,760,000
-13.75%
Current Estimated Value
$12,451,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,411,881
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Oct 1, 2014
Sold by
Lona Ridge Llc
Bought by
Wilson Leona R and Leona R Wilson Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2012
Sold by
Wilson Leona Rocha
Bought by
Lona Ridge Llc

Purchase Details

Closed on
Apr 1, 2011
Sold by
Lona Ridge Llc
Bought by
Wilson Leona Rocha

Purchase Details

Closed on
Jun 23, 2005
Sold by
Niehaus David Paul and Rhodes Clifford Paul
Bought by
Lona Ridge Llc

Purchase Details

Closed on
Jan 8, 2003
Sold by
Akiyama Alvin Wayne and Akiyama Karen Nanbara
Bought by
Niehaus David Paul and Rhodes Clifford Paul

Purchase Details

Closed on
May 17, 2000
Sold by
Oda Randal Fumio
Bought by
Akiyama Alvin Wayne and Akiyama Karen Nanbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.15%
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
Kahalawai Llc $11,040,000 Tge
Wilson Leona R $1,000 None Available
Lona Ridge Llc $1,000 None Available
Wilson Leona Rocha $1,879,850 None Available
Lona Ridge Llc $810,000 Tg
Niehaus David Paul $242,500 --
Akiyama Alvin Wayne $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kahalawai Llc $8,832,000
Previous Owner Wilson Leona R $1,087,500
Previous Owner Leona R Wilson Revocable Trust $10,875,000
Previous Owner Wilson Leona R $6,750,000
Previous Owner Wilson Leona R $938,250
Previous Owner Lona Ridge Llc $160,000
Previous Owner Akiyama Alvin Wayne $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $11,040,000 -13.8% $1,375 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $12,800,000 0.0% $1,594 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
11/13/2022 11/13/22 For Sale $12,800,000 -- $1,594 / 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 $82,909 $10,865,300 $3,943,500 $6,921,800
2024 $82,909 $8,145,100 $1,546,800 $6,598,300
2023 $16,713 $7,331,900 $726,700 $6,605,200
2022 $15,686 $6,721,000 $726,700 $5,994,300
2021 $16,365 $6,312,000 $702,600 $5,609,400
2020 $16,083 $6,334,000 $702,600 $5,631,400
2019 $16,750 $5,914,200 $702,600 $5,211,600
2018 $16,023 $5,766,200 $633,400 $5,132,800
2017 $14,556 $0 $0 $0
2016 $13,503 $5,146,500 $367,800 $4,778,700
2015 -- $4,679,900 $364,700 $4,315,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 397359

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-5-002-010-0000