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 concerned 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 natural 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… 4 weeks from launch and they’re already 25% under contract.

 

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 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 ages of technology, they are able to depict excellent renderings of what’s to come. The best thing about these units are the size of the footprints. Larger than at Kai Malu or Keala o Wailea and really 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 panoramic being 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 road

All residences include designer custom finishes. There are no upgrades, they are all top notch. Sleek finishes include: disappearing glass sliders, wooden entry door w/ glass side light, 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.

 

Lailoa Penthouse view rendering

 

Lailoa living view rendering

 

Leila 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 development of the Luana Garden Villas at the Honua Kai Resort & Spa near Kaanapali on the west side of Maui. 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 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. Contract goes binding 30 days from acceptance.
  3. 10% 2nd deposit,  due November 2020.
  4. 85% to be brought in at close 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 almost sold out and more are expected to release soon.

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

 

 

Posted on April 29, 2020 at 10:46 pm
Erica Haleakala | Category: Maui, Maui Development, Maui Economics, Maui Investment, Maui Real Estate Reports, New Construction | Tagged , , , , , , , ,

I Love to Paddle Canoe #mauiliving

One of my favorite pastimes since relocating to Maui almost 10 years ago is actually the State Sport – paddling in a 6 man outrigger canoe.  There’s nothing like greeting the sunrise from the water at the dawn of a new day. I have met so many friends and developed an extended family or “ohana” while playing on the beach in the summertime.  I give my time to my canoe club Lae’ula o Kai on the Board of Directors, and I feel supported by a community of professionals and participants with a common interest.  From the kupuna (elders) to the keiki (children), it enriches your lives to interact on a recreational level.  There are so many Reasons Maui and the beach are good for You.

This article posted in the Ka’hiau – community segment of The Maui News talks about my passion for paddling canoe and how you can get involved.

Practices begin early in the year and get more intense during springtime in preparation for the summer regatta season.  Get it touch if you want to participate!  They place you by division so you will always be amongst others at your age and skill level.

You know they say life expectancy is great in the islands, and I think we can attribute that to a more active lifestyle (in our earlier and later years), and a more relaxed pace and lifestyle.  I relocated from the Los Angeles market almost 10 years ago and can help others considering Relocating to Maui.  I look forward to connecting with my clients and introducing them to Maui’s best neighborhoods.

There’s something for everybody in Hawaii.  If you’re considering a change, reach out!

Life is short, let’s get your toes in the sand.

 

Posted on November 20, 2019 at 12:06 am
Erica Haleakala | Category: Maui, Maui Beaches, Moving to Maui | Tagged , , , , ,

7 Reasons Maui and the Beach are Good for You! #mauiliving

One of the reasons I love living on Maui is a daily stop to unwind at the Pacific Ocean.  Did you realize that there is substantial scientific evidence stating that the beach has significant health benefits?  The natural inclination to inhale deeply as you step on the beach is actually an automatic response to the quality of the air.  Aside from the anticipated “rest and relaxation”, here’s a quick read on 7 benefits of a day at the beach!

  1. Good for your Body

Vitamin D is good for your bones, healthier teeth, and a stronger immune system.  The meditative state it brings us is known to lower stress and blood pressure, as it supports your immune system and overall well-being.

  1.  Good for your Skin

The ocean water is full of minerals and natural exfoliants. Exfoliate on the sand and dip in the saltwater to detoxify with the natural antiseptic, using its qualities to cleanse your pores and skin.

  1. Good for your Peace of Mind

The vast ocean, expansive horizon, and beauty of the surroundings can actually make you appreciate nature. The off-shore breezes and sense of grounding from the sand put you in better touch with spirit and consciousness.

  1. Good for your Mood

The color blue has been discovered by an overwhelming amount of people to associate with calm and peace.  The physical sensation of our toes in warm sand causes people to relax.  The noises — coupled with the visuals — activate your parasympathetic nervous system, which is responsible for slowing us down and allowing us to disconnect and feel more engaged. (Not to mention the limited cell service and hopes that it encourages us to PUT DOWN OUR PHONES.)

courtesy of MedicalNewsToday.com

  1. Good for a Better Nights’ Sleep

A perfect remedy for insomnia, while engaging in a day of play, our skin is absorbing magnesium via the saltwater, and the essential mineral calms both the nervous and muscular systems and has been linked to helping us sleep better.

Magnesium is the eighth-most abundant mineral on earth and the third most abundant in seawater. More importantly, it is the fourth most abundant mineral in the human body and it is necessary for over 300 reactions within the body.

Magnesium isn’t just abundant in the body, but vitally important too. As this article explains:

“Every single cell in the human body demands adequate magnesium to function, or it will perish. Strong bones and teeth, balanced hormones, a healthy nervous and cardiovascular system, well-functioning detoxification pathways and much more depend upon cellular magnesium sufficiency. Soft tissue containing the highest concentrations of magnesium in the body include the brain and the heart—two organs that produce a large amount of electrical activity, and which can be especially vulnerable to magnesium insufficiency.”

  1. Good for your Physical Being

Then there’s the obvious… take a swim, walk on the sand or play with the kids while reaping the physical benefits of playing at the beach. The gentle resistance of water (and the vast ocean world below) make it perfect terrain for adventure and easier on those with arthritis or injury.

    7.  Good for your Financial Portfolio

Owning a home at the beach, particularly Hawaii can be a lucrative investment. History has proven that in a real estate “shift”, the 2nd home a vacation rental market can be shielded by the ability to rent it out for passive income. Not to mention, we’ve seen a 4% increase year-over-year in our property values.

Since the beginning of time, doctors have been “prescribing” vacation trips and time off to reduce stress, anxiety, depression, arthritis and more.  So the next time you’re feeling like a recharge, hit the BEACH! It’s just what the Doctor ordered.

Curious about a lifestyle change? A Maui investment?  Reach out, let’s get your toes in the sand.

Posted on November 6, 2019 at 11:59 pm
Erica Haleakala | Category: Maui, Maui Beaches, Maui Investment, Moving to Maui | Tagged , , , , ,

Will a Recession Affect the Maui Real Estate Market?

How Will the Next Recession Affect the Housing Market… 

Given the current media buzz of an impending recession, many Americans are fearing the worst and believe a downturn in the real estate market is inevitable. Take a look at the graph below from Keeping Current Matters.

It’s important to note that of the last five recessions in U.S. history, three of them saw increases. Two of those three saw prices appreciate faster than the historical average, and the massive down turn was as a result of loose ethics and loan practices.

Graph showing the housing market in the last 5 recessions

Recession does not equal a housing crisis

 

What Exactly is a Recession

According to Websters Dictionary, a recession means a time where the economy dips for a period of 6 months. Considering that we’re in the longest running economic recovery, it’s no surprise that we’re in for a breather. The Maui marketplace is still robust and active with consistent visitors looking to scoop up great properties and the inventory is low – so it’s still busy and still fast paced for those looking to buy.

How Will Maui Be Affected?… 

Saying anything is recession-proof is a tough statement to make, but any time you have scarcity in a market, whatever the market is, it sets up your investment for success. Purchasing in a location with limited supply is key to making sure your vacation home investment doesn’t depreciate dramatically in a recession. The rental income opportunity can also provide some insulation from market downturns, and there are other factors, too, that help make certain types of vacation homes less risky investments. Check out the most recent short term rentals in Wailea here.

For the best locations in Hawaii, like the Maui beachfront, the dip in property values at the last turn was only 10% to 12%, the reason being the barrier to entry—the ability to get anything built—is unbelievably tough. It isn’t overbuilt, and people recognized the value here. Selecting the location of your vacation home wisely may not protect you entirely from seeing a drop in value during a recession, but it could mean that the decrease you see is much smaller than it would be elsewhere. Also consider whether a second home will be a long-term investment, and perhaps even someday become your primary residence or legacy. Our listings at Mahana Estates are legacy homes where families are seeing their dreams built before their eyes.  I encourage you to reach out and ask questions on how we can paint this picture for you.

Places like Hawaii, Cancun and Mallorca don’t go through seasonal ups and downs. There are low and high seasons, but people are always visiting. People buy a second home and eventually envision living there, so in that sense it’s recession proof. Even in a recession, there are people that still have money, and they’re looking for very specific types of houses, and are very location-driven. As we approach winter, we expect more inventory to come one as usual and we look forward to seeing our friends who return year after year.  If you’re curious about a Maui investment, reach out, let’s get your toes in the sand. Aloha! 

Posted on October 4, 2019 at 8:36 pm
Erica Haleakala | Category: Maui, Maui Development, Maui Economics, Maui Real Estate Reports, Moving to Maui, Short Term Rentals | Tagged , , , , , , ,

Understanding Wailea Golf Membership

Understanding Wailea Golf Club Membership can be tricky. As projects were developed and plans were originally being set into place, different programs were approached and devised with the Wailea Community Association. Those qualifying for Wailea Golf Membership have no particular rhyme or reason why, it just “is what it is”.  Read below for a clarification on which properties qualify for Wailea Golf Membership or Owner Rates.

WAILEA PROPERTIES THAT QUALIFY FOR GOLF MEMBERSHIP:

Ekahi     |     Ekolu     |      Elua     |     Grand Champions Villas     |     Wailea Kai     |      Wailea Kialoa     |     The Palms at Wailea     |     Wailea Point     |     Wailea Fairway Estates     |     Wailea Golf Estates     |     Wailea Golf Vistas     |     Wailea Highlands

NOT ELIGIBLE FOR MEMBERSHIP, BUT QUALIFY FOR PROPERTY OWNER RATE:

Fairway Villas     |      Hoolei at The Grand Wailea     |     Papali Wailea      |      Wailea Pualani Estates

NOT ELIGIBLE FOR MEMBERSHIP OR PROPERTY OWNER RATE

Maluhia     |     Wailea Beach Villas     |     Kai Malu     |       Kanani Wailea

Check out these links for more information and applications on Wailea Golf Membership and benefits. For more details and to schedule a tee time, contact Wailea Golf at 808-875-7450.

Wailea Golf Membership Application 2018

Wailea Golf Property Owner App 2018


The Gold Course – Referred to as ‘ the thinking mans course”, this one is tougher requiring a more strategic approach. and less scenic than its neighboring comrades. At 7,078-yards and created by Robert Trent Jones Jr. this course received accolades from Golf  Digest, Golf Magazine, Conde Naste Traveler – just to name a few. Strategy and finesse are important to playing the Gold well, and the course’s intriguing risk-reward choices makes it possible to use every club in your bag.This par-3 beauty has golfers teeing off toward an unbeatable view of the ocean and little Molokini, a crescent shaped islet and one of Maui’s most popular snorkeling spots. Check out more details on the Wailea Gold Golf Course

 

The Emerald Course – At 6.825 yards, the Emerald Golf Course is the Wailea Blue courses immediate neighbor to the South. Enjoy picturesque over-the-top views for as far as the eye can see.  Carpet like fairways, tropical foliage and the fresh breezes ofHawaiian air. This course is known to be ideal for the recreational golfer, rather than the one vying for exact precision and difficulty. Golf for WomenMagazine has coined the Wailea Golf Club a Top Fairways Award for the country’s most women-friendly golf clubs, an honor that has been acknowledged seven times. With 4 to 6 per boxes on every hole, this course is no cakewalk and still geared to cater to any skill level.  Comments say that this course is “Challenging enough, certainly not punishing”.  More details on the Wailea Emerald Golf Course

The Blue Course is newly serving guests form the pro shop and its brand new location on Wailea Ike – adjacent Manoli’s Pizza Company – which is, by the way…  the perfect place for the 19th hole.  Meander through the relaxing fairways with outer-island views at the base of the 10,000 ft. dormant volcano, Mt. Haleakala.  Lovely tropical florals, a coral lake and classic coral sand bunkers slice up a game of strategy and competition for an avid golfer.  Lower winds than other courses on a good day, with scenic views from every holeThis Championship Course is Wailea and South Maui’s perennial favorite and probably the most popular. Check out the map of the Wailea Blue Golf Course


Clinics, tournaments, executive and corporate and fun and family play are always available.

This master planned 1500 acre Resort was thoughtfully designed for both full-time living and vacationers wanting a luxury lifestyle.  Whether you are a first-time buyer seeking a popular vacation rental investment, or wanting to purchase your quiet Maui retreat home, Wailea is a terrific place to park your money and watch it grow. With so much growth on Maui, it’s time for you to be a part of it.  Maui county was recently named one of the best places to own a home in Hawaii as posted by MauiNow.com 

If you’re considering an investment in the Hawaiian Islands, reach out. Let’s get your toes in the sand.

With aloha, Erica

Posted on May 21, 2019 at 4:02 am
Erica Haleakala | Category: Maui, Maui Development, Maui golf, Maui Real Estate Reports | Tagged , , , , , , , , ,