Price of Paradise is About to Go Up

4950 Makena Road, Makena/Wailea, Maui

The price of paradise is about to go up. After two down years, sales are gaining strength in the serene and lovely towns of Wailea and Makena. Sales volumes in these adjacent locales rose 35% last year, and total dollar volume vaulted 135%. While the median home price is $1.7 million, the asking prices for the several oceanfront homes listed for sale in Wailea and Makena range from $5.7 million to $22 million. In all, there are 53 homes on the market. One of the best values is Makena Place, a gated community of just 10 homes on five acres at the ocean’s edge. You’ll get outstanding views of the Pacific Getting to truly sandy beaches requires a five-minute walk, so remember to pack the flip-flops.

Median 2009: $1.5 million
Median 2010: $1.7 million
For details on the 4 Makena Place Homes for sale click here
Barron’s article on Best Places for Second Homes