$18.5M home becomes Maui’s most expensive sale this year

Pc: Dante Parducci 
Laptop: Dante Parducci 
Computer: Dante Parducci 

An $18.5 million South Maui household sale now grew to become Maui’s most costly one so considerably this year, according to Island Sotheby’s Global Realty. 

At first listed at $19.9 million, the 6-bedroom, 7-rest room dwelling on about an acre in Wailea-Mākena observed substantial fascination and marketed in about 3 months. 

Symbolizing the listing, Ryan MacLaughlin, owner and principal broker of Island Sotheby’s Global Realty, reported he has spent a long time in the earlier advertising similar houses that do not sell. Now, the write-up-pandemic demand from customers is large due to reduced stock, the very same as it is in the non-luxury industry. 

“In the 2020, 2021 and now 2022 industry, we’re getting the exact amount of sights on this house in the to start with week than we would have in four many years,” he told Maui Now. “It’s that crazy.” 

Inside of the 6,860-sq.-foot residence at 37 Ualei Location, there are 6 personal master suites, a home theater, a huge gourmet kitchen area, Egyptian limestone flooring, custom mahogany windows, carved doorways and a Balinese-design roof of iron wooden diamond lower shingles, in accordance to its listing. 

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Exterior, a few different pavilions are related by coated lānai, and the space includes a central backyard garden, cascading waterfall, sunken cabana, vanishing edge pool and sizzling tub. 

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MacLaughlin reported the uniqueness about the house is that “pods” are located less than a single roof, so the location has an indoor-outdoor really feel. The pods are centered all over a central, 4-sided bar where by individuals generally congregate.  

“There is separate living but you are still related,” he mentioned. 

MacLaughlin represented the sellers, who are longtime clients.

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He stated the prospective buyers were seeking privateness, and the home is set farther back again from the ocean than other people in the luxurious current market. 

Maui County in January set a new report of $1.16 million for solitary-family members house median profits charges. Then in February, condos achieved a historic significant of $730,500 for median profits selling price.

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