A luxurious Makena estate has sold for $8.175 million, marking one of the highest sales in the Wailea-Makena region this year.
Island Sotheby’s International Realty agents Alex Cortez, R(B) and Ryan MacLaughlin, R(B) represented the buyer and Ryan MacLaughlin, R(B) and Lee Gardner, R(S) represented the seller of the 7,000 sq. ft. estate, which boasts five bedrooms, four bathrooms and two half-bathrooms. Located within the gated enclave of One Palauea, this one-acre estate is the epitome of elegant island living.
“This property was thoughtfully designed for a seamless fusion of indoor and outdoor living, amidst one of the most exclusive subdivisions in Hawaii,” said Cortez, who represented the buyer. “Whether entertaining or enjoying a tranquil repose, 18 Ualei offers a perfect setting for enjoying some of life's best moments.”
Over the last seven months, Island Sotheby’s International Realty agents have listed and sold two of four of the highest sales in the resort region of Wailea and Makena. 18 Ualei sold for more than double the median sales price of homes sold in the area in June, according to recent data from the Realtors Association of Maui.
“The selling price was reflective of the highest end finishes on South Maui,” said MacLaughlin, who represented the seller. “It also exemplifies what is going on in Makena — my client believes in the future of Makena.”
A spacious and open great room is the heart of the home, which is adjacent to a professionally-designed home theater. This architectural masterpiece is crafted out of natural materials such as Ipe wood floors that flow seamlessly into an expanse of tropical outdoor patios.
“The most alluring aspect to this property is that it was one of the only true ‘Modern Hawaiian’ designed homes on Maui,” said MacLaughlin. “Though modernism can sometimes be stark, the natural colors of the exterior and interior finishes flowed through to the outdoor living area around what could be a resort style pool, yard, lanai and gathering area.”
Panda Doors clad with Sapele wood, latitude-honed travertine with quartz veins and Philippine mahogany are just a few examples of fine detailing in the home. Other exquisite features include Sonos Audio, a Smart Home system with iPad and iPhone control, in addition to top-of-the-line appliances ranging from Viking to Sub-Zero.
“The quality of the build, craftsmanship, level of finishes and value proposition of this home are absolutely world-class and such are reflected on the sales price,” explained Cortez.
The comforts of the indoors transition to seamingly endless expanses of lanais surrounding a resort-style, infinity-edge pool and hot tub. A pedestrian gate on the property leads to a white sand beach and the famed Wailea Beach Walking Path, allowing access to dining, shopping and hotels.