Year over year, the high-end sector on Maui is enjoying significant growth over 2014 - which many saw as an off year in the luxury sector of Maui real estate.nbsp;But the growth and extent to which this niche has exploded has been uncharacteristic and unexpected. As such, the record-breaking sale of 4446 Makena Road for $41.775M has raised many eyebrows.
The Keauhou at Makena luxury estate was NOT listed for sale and although we have seen it from a distance being built over the past few years, very little information is factually known about the home or its owners. As per public records, the property consists of a single-level 6,737 square foot 4 bedroom home built in 2011 and a 1,004 square foot 2 bedroom Ohana, atop 4.23 acres. With Keauhous slopping terrain and this homes high elevation, it is fair to expect that the view corridors will be commanding and unobstructed, while the size of the parcel will provide significant privacy for the owners and guests. The sale lists Project 251A LLC as its new owner. The previous sale of this property was for $5.25M in 2008 - for the land only, as there were no structures built yet.
The previous record-holding sale was the 2011 sale of 7150 Makena Road for $27M which was reportednbsp;to have been sold to Peter Thiel, the co-founder of Paypal. The only other sale reported to the Maui MLS over $20M is the 3090 S Kihei Road in December 2012 for $23M. Of course, both of these homes are beachfront on arguably some of the most desirable real estate in Hawaii, while 4446 Makena Road is across the street from Palauea Bay, in the prestigious Keauhou at Makena subdivision.nbsp;
Contact
Serving the Wailea real estate market and with a keen understanding of current Makena homes for sale, our team is well positioned to represent buyers and sellers in the master-planned resort community and surrounding area. For a private consultation, fill out the form below or call 808-385-5034.
Near By Homes For Sale
The Makena luxury real estate market has always been a much sought-after area of interest for the worlds leading dignitaries and entertainment stars, including Clint Eastwood, Peter Thiel, Jennifer Aniston, among many others. Take a look below at Makena properties currently for sale and contact us with any questions.
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