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Wailea Point, located at 4000 Wailea Alanui Drive, is deemed by many in the real estate world on Maui to be the crown jewel of Wailea. This ultra-luxury, oceanfront condominium complex was originally conceived and constructed in the mid-1980s. In 2021, 15 units were sold in the complex with a range from $1,495,000 for unit 3401 to $16,000,000 for unit 402. Unit 1601 also sold in 2021 for 12.5 million.
The complex is exemplified by the highest degree of engineering and construction. Structural walls are 8 inches thick and were built with steel-reinforced concrete while structural floors have another 3 inches of steel-reinforced concrete. The excellent construction is often overlooked though, due to Wailea Point’s incredible layout and scenery. Of the condos for sale in Wailea in recent memory, this unit is certainly a standout.
Most units at Wailea Point have undergone some dramatic updates since construction in the 1980s and many units feature magazine cover-worthy interior design. The complex feels understated while still embodying the best of luxury living.
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Situated between Wailea Beach and Polo Beach right along the Wailea Beach Path, the location of this luxury condo complex simply can’t be beaten. Amazing, front-row ocean views are guaranteed to amaze from sunrise to sunset. Among the 34 buildings at Wailea Point, buildings 1-6 are situated slightly away from the rest of the development. And now being offered in building 1 is the premier unit in Wailea’s most revered complex. Wailea Point 102 has just come on the market and can be yours for $20,000,000.
$20,000,000 sounds like a lot. And it is a lot! But, for a property of this magnitude and in this location, it is certainly worth the price tag, and with 402 selling for $16,000,000, it's not far off from a comp perspective. Commanding unparalleled views of Wailea Beach, unit 102 at Wailea Point is 3,850 square feet and sits on the entire second floor of building 1. Enjoy ultra-high ceilings over 20 feet in height as well as a lengthy list of beautifully crafted unique features in every room. The view from the living room and kitchen will make you feel like you are literally out over the water and beach below.
When you’re not enjoying the view from the spacious lanai, take advantage of the other host of amenities found at Wailea Point. The grounds of this gated complex features 4 separate pools with one that is right behind building 1. The grounds also feature a tennis court along with new pickleball courts. Tired of cooking? Walk to any one of the best restaurants in Wailea such as Ko Restaurant next door at the Fairmont Kea Lani. Unit 102 also comes complete with 2 garages that also have their own TMK’s.
Wailea Point takes a unique approach to being a short-term rentable condo complex. While the association does not allow nightly stays, you can rent your unit for 30 days at a time minimum. This ensures that the community does not take on a typical vacation vibe on the grounds with people coming and going daily. It isn’t difficult to find renters for these periods and creates a great opportunity to generate some income to offset the costs. The monthly HOA costs for the unit are $5,435.44 and cover everything except electricity.
Wailea has long been recognized as one of Hawaii’s best resort communities. With three excellent golf courses and the famous beaches of Wailea, this pristine resort community offers a luxury island lifestyle unlike any other area in Hawaii. There are certainly many incredible things to do in Wailea.
A suite of excellent resorts such as the Grand Wailea and the Andaz offer incredible spa experiences as well as 5-star dining opportunities. The Wailea lifestyle is all about being active outdoors whether it's walking the beach path, scuba diving, or enjoying a morning tennis session at the Wailea Tennis Club. It’s also about enjoying great food and drinks along with embracing the incredible ocean views. The residents and visitors of Wailea all breathe a little easier in this beautiful setting that invites us all to set our clocks to island time.
Wailea is home to many great condominiums as well as residential communities. If you're considering making this, or any other property in Wailea your home or your next home away from home, feel free to reach out to me anytime with any questions or showing requests. I specialize in luxury Maui real estate and would love to be your guide through the process of owning on Maui.
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Evan Harlow is an award-winning Realtor on Maui ranking in the top 1% of Coldwell Banker agents worldwide. Evan has the expertise, experience, and work ethic to help you achieve your real estate buying and selling goals. We promise exceptional service and support from the beginning of the process through closing and beyond. See what our clients are saying on Google.
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