Villas at Kenolio Condo is Nearly $100K Below REO Sales Price

A newly listed Villas at Kenolio corner unit condo (MLS# 343577) offers a tremendous value for Maui home buyers. The price of $253,689 is $96,311 and $61,311 below 2 similar REOs sold in this complex in the past 6 months!

To put the potential value in perspective, in the past six months there have been two sales of units the same size in this complex:  In May an REO (bank-owned) unit sold for $350K and in March another REO (bank-owned) sold for $315K. Currently, there are two other 3 bedroom, 2 bathroom units available for $449K and $359K, respectively. Remember, this unit is a traditional sale, NOT a short sale or REO/foreclosure!

For those seeking a Maui investment property, this corner unit at Villas at Kenolio is a great choice. As a 3 bedroom, 2 bathroom condo, it offers 961 square feet of living space. Residents enjoy many amenities, including a recreation center featuring one of the best pools in a Kihei condo complex, a fitness center, and barbecue/picnic areas.

Contact Mariah at 808.385.4955, or Alex at 808.385.5034 for further information on this unit, or other Maui real estate investment opportunities.

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