Diane Pool presents

Luxury Island Living - Wailea Highlands - Front row on the Wailea Blue Course with spectacular views of the ocean, Haleakala, & green pastures of Ulupalukua. This timeless contemporary home offers 4-bedroom en-suites with seamless indoor/outdoor living.

Address: 250 Noho Like Way, Wailea, Maui, HI 96753

Price: $7,500,000

Photo credit: Andrew Barrera

For more information, please contact Diane Pool at 808-276-2004 or diane@soldonmaui.net

Diane Pool is the exclusive agent representing the Maui, HI real estate market as a member of the Haute Residence Real Estate Network. View all of her listings here.

The post Diane Pool Presents Luxury Island Living In Wailea, Hawaii appeared first on Haute Residence by Haute Living.

Diane Pool presents

A Rare & Special Opportunity to Own the Very Best – a top row Bldg A - Plumeria plan seldom becomes available. Being upfront and center in your own corner of the world just doesn’t get any better! The unparalleled views and privacy are simply spectacular with panoramic views of Molokini, Kaho'olawe, Lanai and West Maui Mountains. This spacious townhouse style condo lives like a residence. Furnishings and appointments designed by Bassman Blain Home give this villa an inviting atmosphere. All 3 bedrooms feature in suite bath providing privacy within this luxurious villa. Enter from the privacy of your garage and take the elevator to the main living area where you will enjoy stunning sunsets all year round. This floor plan seamlessly blends the outdoor living enlarging the open indoor flow for the perfect Maui Lifestyle. The large gourmet kitchen and built-in BBQ easily affords the best entertaining under a large covered lanai which is ideal for island living. You’ll have front row seats to occasional fireworks displays and while you’re relaxing or taking time to reflect, watch the whales frolic in Maui’s pristine waters. “We will miss the most spectacular views of sunsets that our unit has to offer. We loved being in the heart of Wailea with all that it has to offer & all within easy walking distance.” Your private retreat offers a gated entry, large waterfall pool, spa, outdoor barbecue area and fitness facility with locker rooms and steam room. The Grand Wailea Rental Prog offers a reception, concierge, & poolside massage, open air shuttle service to & from your unit to the pool & Grand Wailea Hotel. All within walking distance to the Grand Wailea, Four Seasons, The Shops at Wailea with 5-star dining, 3 championship golf courses, tennis facilities, resort shopping, & miles of white sand beaches. Maui, It’s a Lifestyle!

Video & 3D tour at http://hoolei-maui.com/

Address: Ho’olei at Wailea, 52-3 Ho’olei Circle, Wailea, HI 96753

Price: $3,750,000

For more information, please contact Diane Pool at 808-276-2004 or diane@soldonmaui.net

Diane Pool is the exclusive agent representing the Maui, HI real estate market as a member of the Haute Residence Real Estate Network. View all of her listings here.

Photo Credit: Salty Trade Media

Photo Credit: Salty Trade Media

Photo Credit: Salty Trade Media

Photo Credit: Salty Trade Media

Photo Credit: Salty Trade Media

Photo Credit: Salty Trade Media

Photo Credit: Salty Trade Media

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Photo Credit: Travis Rowan Living Maui Media

Now that Summer is close to ending, what do you see as the takeaways from the last six months?

COVID has been a game-changer and one with ebb and flow like the ocean tides. The State of Hawaii has seen strong interest from the continental United States. Internet site activity off the charts. The neighbor islands in particular, the resort communities along the Kohala Coastline on the Big Island of Hawaii and the Wailea/Makena and Kapalua/Kaanapali coastlines on Maui have enjoyed the majority of the “sight unseen facetime/zoom time" purchases.

We have seen multiple buyers fly to the Islands and quarantine in place for 14 days just to get to Hawaii with the objective of purchasing a property. I have had two buyers who have actually written offers with the contingency of being able to actually “quarantine in place” at the house they wished to buy based on what they had seen online or via virtual tours.

Recently we have seen a strong pick up of activity on the island of Oahu for larger single-family residences offering larger interior and exterior living areas, flexible floor plans, two home offices, pool/spa, and home fitness areas. Total single-family homes sold 5,000,000 or in escrow since March 2020 on Oahu total 17. Luxury residential condominium sales have slowed with the exception of the residential condominium development of Park Lane which has monopolized the sales and escrows with five sales over  $5,850,000 since March.

The takeaways are diligence, positivity, and creativity. Thinking out of the box to promote my listings and the Islands. Due to our strategic geographic location with both the US and the Pan Pacific Basin we are a prime destination. With the major shift to work at home – Why not work at home in Hawaii with our climate, lifestyle, outdoor living and being the 50th state we are positioned well. We are also seeing people who target the islands as we basically are islands in the middle of sea without the ability to drive across a border or from state to state. This has become very important to some who feel it limits the spread of COVID, political/cultural unrest and recently the issues with the fires

What activities took place on Labor Day this year around Honolulu?

Not much the Island of Oahu has been in a new lockdown due to the rise of COVID which has now started to back off due to the earlier restrictions Hawaii hopes to open its borders in October.

Photo Credit: Augie Salbossa

Is there an area from which buyers are relocating to your market?

Continental/domestic United States – in particular, California, Washington, Texas, Arizona, Utah, New York, and Chicago.

To contact Anne Perry, click on "Learn More" above.

The post Honolulu, Hawaii Real Estate Market Update, With Anne Perry appeared first on Haute Residence by Haute Living.

Owning a luxury oceanfront condo in Wailea is a dream come true for top-tier buyers who enjoy living close to the water. Here are a few tips on buying a condo in Wailea, one of the most sought after places in Hawaii.

1. Find a licensed lender. Unless you’re paying cash, you’ll have to secure financing for your purchase. If so, make sure to find a lender who is licensed in Hawaii. When buying a condotel, or a cross between a condo and a hotel, you will most likely be required to make a 30-percent down payment. Your real estate agent can give you a list of licensed lenders and mortgage brokers who know how the Maui market works. Keep in mind that the lending and escrow processes in Maui and the mainland are slightly different. Most notably, there are delays in completing these steps for those buying in the neighboring islands, since the final documents have to be sent to Oahu for recording purposes. This can take up to two additional days.
2. Know what form of land tenure you’re paying for. There are two kinds of land ownership in Hawaii – fee simple and leasehold.
   With fee simple, you own the property and the land it stands on. With leasehold, you own the unit, and your neighbors own theirs. As a collective, you co-own the building. However, you don’t own the land that the building stands on. Someone else, usually a corporation, owns the land, and you give them a lease payment each month. This is often the case for condo buildings. Over the lifecycle of the lease, your monthly lease payments will likely be renegotiated every five to 10 years. The lease will include terms stating when and how the lease payment amount can be renegotiated. In some cases, the new lease amount will be based on the property’s value. When property values increase, lease payment amounts usually follow suit. There are many fee simple condo buildings that used to be leasehold properties. In these cases, the individual owners or the Association of Apartment Owners (AOAO) successfully negotiated with the landowner, thus converting the building to a fee simple property.
   However, if you don’t negotiate land tenure, the lease can end and might not be renewed. With your building sitting on someone else’s land, unit owners can be evicted and without any right to compensation. This doesn’t happen often, but it is a huge possibility. Your realtor can help you discern issues concerning land tenure when buying a condo in Wailea. Exercise due diligence, and have the lease reviewed by a real estate attorney if necessary.
3. Ask about AOAO fees. Every condo building in Hawaii is required to have an AOAO, which is made up of unit owners responsible for running and maintaining the condo. As a unit owner, you have a say in the management and maintenance of the building. When it comes to AOAO fees, it’s important to know how much you’ll have to pay each month, what you get in exchange for the fees, which expenses are shouldered by the AOAO, and which costs will come out of your pocket.
   Other questions to ask include:
   • How much are the building’s operating expenses?
   • How does the AOAO set the budget?
   • Are the reserves well-funded, and how it is set?
4. All AOAOs are in charge of shared areas like the gardens, swimming pool, and the building’s exterior, including the roofs and exterior walls. When it comes to Condotels, your AOAO fees will cover cable TV, Wi-Fi, basic phone lines, and other conveniences that guests might expect. If your condo has air conditioning, you’ll want to know if electricity is covered, or if you’ll receive a separate bill each month.
5. Do research on management agreements with rental companies. If you’re buying a condo with the intention of renting it out, you need to have a good understanding of how management agreements work.
   Your condo can be managed in the following ways:
   • You can manage it yourself, especially if you live on the island or have a local contact who can respond to emergencies
   • You can work with an offsite property manager
   • You can hire an onsite company
   • You can hire an onsite company under contract the AOAO
6. You’ll find reputable rental management companies in Maui. Moreover, it’s normal for condo buildings to have onsite rental management companies. Before signing with a rental management company, find out exactly what you’ll be getting, how much they’ll charge, and if there will be additional charges that aren’t included in your contract.

Photo Credit: Shutterstock

The post Top Tips For Purchasing An Oceanfront Condo In Wailea Beach From Expert Greg Burns appeared first on Haute Residence by Haute Living.

Located in the private, exclusive gated community of Wailea Highlands, this residence boasts one of the most coveted views in all of Wailea. Overlooking the Wailea Blue Golf Course,with sweeping ocean views of Molokini and Kahoolawe, this property is an entertainers dream. Reflected in its casual, island spirit, it is built for the ultimate in indoor and outdoor living. Its design is intended to highlight the gourmet chefs kitchen, and living spaces that open up to lush landscaping and expansive ocean views,throughout the house. Some additional features of this property include: two luxurious master suites, with outdoor showers; a beautiful poolside retreat with spa, as well as two additional outdoor entertainment areas to cook and host gatherings. This stunning residence has recently been completely renovated and furnished to reflect todays timeless modern beach lifestyle. Careful attention was given to the smallest detail; to create a home that is not only warm and inviting, but also a luxurious space for family and friends to enjoy, for years to come.

Address: 4280 Melianani Place, Wailea HI 96753

Price: $ 5,700,000

For more information, please contact Mark Waite at (808) 214-9475 or mark@somaislandliving.com

Mark Wait is the exclusive agent representing the Maui real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photos courtesy of Mark Waite 

Property website: www.4280melianani.com

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