How much would you spend for a tear-down beachfront home in South Maui?
There aren't a whole lot of run down beachfront homes in Kihei and Wailea/Makena, so when one comes on the market it's a great opportunity for somebody to build their own oceanfront dream home.
Would you spend $11.9M for a fixer upper house and cottage with sand out front? A recent closed sale on Keawakapu Beach in Kihei is worthy of a blog post, as that was the sale price. This is prime luxury real estate for those who can afford it. Hey, maybe it's just a year-end tax write off.
3116 S. Kihei Road closed on December 30, 2013 for $11,900,000. after 329 days on market. Down from the original price of $13,900,000. Just a humble 3BD/2BA home and a detached 1BD cottage on .8 of an acre, but it's all about location, location, location.
Now that this South Maui home is off the market, there are only 9 other oceanfront residential listings for sale in the area, ranging from $1,795,000 to $17,500,000. One of them has been listed for over a year, and the average DOM is about 200.
Search for OCEANFRONT MAUI HOMES here and contact me with any questions you might have.
If oceanfront is not your thing, there are other options in South Maui:
Call or text me 808 283-0635 ~ EMAIL