Would you be interested in investing in one of Maui’s finest beachfront condominium complexes sitting on the shores of Wailea Beach at nicely discounted investment offering?
This (MLS# 346575) is the first bank owned property in Wailea Beach Villas. What a tremendous opportunity for the savvy buyer to take advantage of this luxury bank owned Maui condo for sale.
This unit is an exquisitely appointed 2,893 square foot 3 bedroom, 3 bathroom, plus den, Penthouse unit located in Waileaâ€™s newest and most incredible beachfront condominium. The open floor plan of these villas are expansive, and make them feel more like a home than a luxury condominium.
The luxury segment of the Maui market is not immune to foreclosures; we are starting to see several multi-million dollar REO/bank owned properties hit the market. One cannot ask for a better location as Wailea Beach Villas is situated between the verdant slopes of Haleakala and the shimmering cobalt of the Pacific in an ideal micro-climate of gorgeous year-round weather.
2006 Purchase Price: $3,393,000
Current Asking Price: $2,895,000
Own it for: Make an offer! The bank is highly motivated to sell this property now!
Value: One of the oceanfront units in Wailea Beach Villas sold at an all time of high of $12,500,000 last year.
Exclusive Wailea Beach Villas includes a plethora of world class amenities: gated entry, 24-hour security, two pools, (adult infinity pool and family pool), hot tubs, fitness room, billiards room, owner’s lounge, business and conference center, beach and pool staff, full lobby with concierge and valet, white sand beach use (next to the Grand Wailea chairs) with umbrellas and chairsâ€”all within easy walking distance to great shopping at the Shops of Wailea.
This property is zoned for short term vacation rental which means that you can lock it up when you are not here, or you can elect to rent it out on a nightly, weekly, or monthly basis to generate substantial income.
I think you deserve to be enjoying a nice Mai Tai, or some lemon water poolside in Wailea, don’t you?
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