Ho'olea Terrace For Sale
The large master-planned community of Kehalani extends across 550 acres near the foothills of the West Maui Mountains. The development commenced here during the 1990s and has become one of the most in-demand residential enclaves in this location. Ho'olea Terrace offers 174 stylish townhomes at competitive prices.
Ho'olea Terrace For Sale
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A Great Location In Wailuku
A Honolulu-based developer, Stanford Carr, completed the Ho'olea Terrace residences between 2010 and 2013. Clustered in units of six within 29 stylish one-and-a-half-story buildings on 12.25 acres, these homes enjoy a wonderful location within the master-planned community. They stand within easy walking distance of both the new Pu'u Kukui Elementary School (immediately to the west) and a 13-acre County of Maui park (to the south, across the Kehalani Mauka Parkway).
Residents easily access downtown Wailuku from this location. It lies just minutes away by car and offers numerous employment, shopping, dining, and recreational opportunities. Just a few of the major businesses in the city include Maui Memorial Hospital, the University of Hawaii Maui College, and the Maui Arts and Cultural Center. The Kahului Airport provides convenient air transportation to this region. It operates within a 15-minute drive of this development.
Not always are units at Ho'olea Terrace for sale. Most of the units are owner-occupied and they love where they live. More modestly priced than many other properties in the area, a number of these hillside homes offer excellent views of the West Maui Mountains and the Pacific Ocean. All provide two paved parking spaces per unit. Their location at an elevation of around 800 feet ensures these homes frequently enjoy cooling ocean breezes. Additionally, the nearby West Maui Mountains provide some natural shade to the site during hot afternoons.
The developer utilized three basic floor plans in every six-unit building. The four ground-level residences include two two-bedroom, one-and-a-half bath 751 square foot homes, as well as two three-bedroom, two-bath 953 square foot homes. Each of the ground level residences supplies a lanai. The upper level of each building contains two 754 square foot two-bedroom, one-and-a-half bath homes.
A Comfortable Suburban Lifestyle on Maui
The Ho'olea Terrace homes for sale appeal to a large number of Maui property buyers. County zoning restrictions and community covenants reportedly require a minimum rental period of at least 6 months. This rule prevents the lease of any of these units for short-term tourism purposes. An estimated 83% of the homes at Ho'olea Terrace remain owner-occupied. Some of the interior features of these residences include:
- Breakfast bars;
- High 9-foot ceilings;
- Built-in appliances;
- Attractive wood kitchen cabinets.
Additionally, residential covenants permit property owners here to keep up to two pets per unit.
An In-Demand Residential Condo Development
During the past three years, median sales prices for these homes has hovered in the mid to low $400,000 to $500,000 price range. The average sales price per square foot stood at $538 in June 2020. Units here provide the opportunity to reside within one of Maui's master-planned communities and to enjoy fee simple ownership.
Several hikes and bike trails cross near this location. Additionally, three golf courses stand within fairly close proximity. Residents reach several popular public beaches along the north shore of the island just a brief drive away.
Reasons to Consider Ho'olea Terrace
Why do real estate buyers search for homes in this residential condo community? Certainly, a variety of considerations lead people to contemplate purchasing homes here in Ho'olea Terrace. Some of the reasons to choose these properties include:
- Affordable prices for Maui real estate;
- The ability to reside close to schools, shopping, and employment;
- Great views of the scenic nearby mountains and the Pacific Ocean;
- A genuinely pet-friendly development;
- Proximity to the city of Wailuku;
- A home in one of the naturally cooler, better shaded residential locations on Maui;
- Accessible outdoor recreational facilities.
Situated in a well-maintained, quiet, pet-friendly residential enclave, Ho'olea Terrace for sale homes offer many advantages. They enjoy wide appeal!
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Get started on your journey to owning property on Maui by getting in touch with us at Maui Elite Property.