MauiMaui DevelopmentMaui EconomicsMaui InvestmentMaui Real Estate ReportsNew Construction April 29, 2020

New Construction in Wailea – Lai Loa at Wailea

As the rest of the world holds on pause to see what happens next, La’i Loa at Wailea, Wailea’s newest product has been introduced to South Maui. Although the current state of the market and has some concerns about uncertainties, this development has been long-awaited and warmly welcomed by a captive audience.  Bordered by Kai Malu at Wailea, the Wailea Blue Golf Course, a 13-acre nature reserve, and Wailea Alanui Drive as shown on the map below.

Many of you have asked over the years to be kept apprised when something new comest to South Maui… Wailea’s newest construction is already 50% under contract and on par with a projection to break-ground in Spring 2021.

Rendering of future Lai’loa Site bordering Wailea Alanui Drive.

The final 125-acres of residential living in Wailea was purchased by the developer, Ledcor from A & B in early 2019.  An upcoming 7 complex family of homes, Wailea Hills is on the last portion of what’s to be built in Wailea with walking paths, beach and restaurant access, and a community vibe. It’ll take years before full completion, but we kick it off with Lai’loa at Wailea, 15 buildings with 75 units on 13 gorgeous acres of South Maui.  The buildings in Lai Loa, located off Kai Malu Drive, and bordering Wailea Alanui Dr. will be oriented along the elevation to maximize the ocean views for the single-level two- and three-bedroom units and four-bedroom penthouses. Think big ocean, outer-island, and golf course views – especially from the highly coveted Penthouse units, which are starting at $3.495m.

Wailea Hills Site Map

Future Wailea Hills Site Rendering

All views will face Northwest, with home prices starting at $1.5 million. and ranging into the upper $3m for larger footprint Penthouse units.  I had the pleasure of attending a recent virtual tour. With the new age of technology, they are able to depict excellent renderings of what’s to come. The best thing about these units is the size of the footprint. Inclusive with generous lanai’s, the large-windows and contemporary aesthetics are unlike anything else currently in Wailea.  They also all have parking garages and ample storage for kayaks and stand-ups. All units will look straight out to the ocean, with the penthouse being twice the size of the 2 and 3 bedrooms and the most substantial of them all.


Spacious floor plans

  •  2 bedroom, 2 bath   $1.495                  1,374 inside +  312 sq.ft. covered lanai = 1,686 total sq. ft.
  •  3 bedroom, 3 bath   $2.050                 1,743 inside +  424 sq.ft. covered lanai = 2,166 total sq. ft.

Sits 40ft above the road

 

 


Penthouse

  • 4 bedroom 3.5 bath $3.495m               2,587 inside + large 778 sq.ft. covered lanai = 3365 sq. ft. total

Sits 55ft above the road

All residences include designer custom finishes. There are no upgrades available, every unit is equipped with standard finishes and they are all top-notch. Sleek designs include: disappearing glass sliders, wooden entry door w/ glass sidelight, LED lights in all rooms, plush carpets in the bedrooms. Grasscloth finishes, subway tile in the kitchen, double ovens, Hans Grohe appliances, and Toto toilets.

To be explained as classic and sophisticated with a contemporary, modern and neutral color palette. Keeping it comfortable and practical… every unit has wide/deep lanais and a barbecue that vents to the outside.

Lai’loa Penthouse view rendering

 

Lai’loa living view rendering

 

Lai’loa kitchen rendering

Seattle-based architecture firm Weinstein A+U brought the vision to paper and world-renowned, Honolulu-based Philpotts Interiors are leading the design team for the project. Ledcors portfolio also includes the development of the Luana Garden Villas at the Honua Kai Resort & Spa near Kaanapali Maui’s west side. If you’ve ever been to Honua Kai invest Maui, you’ve been introduced to the luxe product that these visionaries are known for.  It’ll be fun to see the same realized on our side of town and we are excited to bring you this special opportunity.

 

Photos and layout plans courtesy of Wailea Hills, via their brochure

The amenity center sits against a 3-acre natural reserve parcel. A hot tub, infinity pool, gym, pool with expansive deck, and cascading lawns for bocce ball or sunset picnics. A well thought out plan promoting gathering and community and it has nothing impacting your view.


Photos and site plans courtesy of Wailea Hills, via their brochure. Listed by Polaris Pacific Properties. 

Projections are forthcoming for a larger-scale community center for the Wailea Hills project – 7 communities as a whole to enjoy.  This will be near the upcoming Clubhouse which will be a big benefit.

This is the first project of 7 that will complete the Wailea Resort. It’s smart to consider “getting in” early. You saw what happened with initial investors at Keala o Wailea. Don’t WAIT. Virtual tours are available and reservations are being accepted now.

What’s required to reserve?

  1. 5% 1st deposit, due at contract signing
  2. The contract goes binding 30 days from acceptance.
  3. 10% 2nd deposit,  due 30 days after reservation
  4. 85% to be brought in upon development completion via cash or loan.

Once 65% of the units are binding the developer will break ground with completion projected at the end of 2023, although that is not definitive. 

The first phase has sol out and the 2nd phase is completely released. All units that will be released are currently available for reservations.

Check out this latest video from our Chief Economist Matthew Gardner on New Home Construction.

Curious about New Construction? It’s an even better opportunity in a place with limited supply.

Reach out… Let’s get your toes in the sand.

With aloha, Erica