Discover the Vibrant Oceanfront Property Market in Maui: A 6-Month Recap
If you're captivated by the allure of oceanfront living in Maui, you're not alone. Over the past six months, from May to October 2023, the oceanfront property market on this breathtaking island has been buzzing with activity. In this blog, we'll delve into the exciting details of eight recent closed sales of oceanfront residential properties, providing valuable insights for both prospective buyers and curious enthusiasts. So, let's dive in! Maui's Oceanfront Treasure Trove From the serene shores of Kaupo to the captivating coastline of Hana, here's a glimpse of the recent sales, ranked by their sale price: 37760 Pi'ilani Highway, Kaupo - $725,000 - This hidden gem boasts 6.9 acres of paradise and a 400 sq. ft. off-grid structure, all for just $725,000. It took just 61 days to find its lucky new owner. 194 Lower Waiehu Beach Road, Wailuku - $790,650 - Despite being in need of some TLC, this bank-owned property generated significant buzz. With 0.26 acres of land, it sold for $790,650 after just 35 days on the market. 35 Kapohue Rd, Hana - $3,300,000 - For those seeking a tranquil retreat, this single-level 3-bed, 3.5-bath home on 1.1 oceanfront acres in Hana is a dream come true. It found its new owner in just 33 days. 490 + 497 Lilihua Place, Wailuku - $3,500,000 - This incredible property offers a custom 3-bed, 3.5-bath home along with a detached 1-bed, 1-bath cottage on 4.55 flat acres. Originally listed at $5,500,000, it sold after 315 days on the market. 1816 Halama Street, Kihei - $3,900,000 - A beautifully remodeled single-level 2-bed, 2-bath home with a detached garage on 0.32 acres. It found its new owner in just 39 days. 580 N. Holokai Place, Haiku - $4,075,000 - Perched high above the ocean on 7 acres, this property features a spacious 3-bed, 3-bath home, a detached 928 sq. ft. cottage, and a swimming pool. After 144 days on the market, it was a steal from its original $4,500,000 listing price. 11505 Honoapiilani Highway, Olowalu - $7,500,000 - This contemporary 4-bed, 4.5-bath masterpiece comes complete with an oceanfront pool, artistic details, and full furnishings, all on 0.54 acres of prime land. It took 223 days to find its fortunate owner. 1498 Halama Street, Kihei - $10,000,000 - Luxury knows no bounds in this 5,036 sq. ft., 2-story, 4-bed, 4.5-bath marvel with a heated pool and hot tub on 0.41 acres. Despite its original listing price of $16,500,000, it finally found its match after 350 days on the market. The Current Oceanfront Opportunities But the excitement doesn't end there. Maui's oceanfront property market is still brimming with incredible opportunities. Currently, there are 23 active and pending listings, ranging from $989,000 to $36,000,000. Four of these gems are located on the enchanting islands of Moloka’i and Lana’i, with prices ranging from $989,000 to $20,000,000. The median price for these oceanfront treasures is $6,950,000, and among them, ten are beachfront and thirteen are oceanfront. You'll find a variety of land sizes, from about 1/4 acre to 20 acres, with the majority being under 1 acre. The best part? None of them are bank-owned, so you can explore your dream of oceanfront living without any added complications. For those seeking a unique living experience, there's even a residential condo or CPR priced at $16,750,000 in Makena. Days on the market for these listings range from just 7 days to 439 days, so act swiftly if you find your perfect slice of paradise. Ready to Make Maui Your Home? As you can see, Maui's oceanfront property market is alive with possibilities. Whether you're considering a sale or searching for your own piece of oceanfront paradise, Maui offers a world of opportunity. To view the current oceanfront listings, including those on Moloka’i and Lana’i, simply click the link below and take the first step toward realizing your oceanfront dreams: Explore Maui's Oceanfront Listings Now About Gray Marino: My name is Gray Marino, and I'm a Realtor here on Maui with 18 years of experience in the real estate industry, primarily in the Title & Escrow sector. This deep understanding of the intricacies of real estate transactions in Hawaii allows me to provide expert guidance to my clients. If you have any questions or would like to explore the Maui real estate market further, feel free to reach out to me: Cell: 808-745-7445 Email: Gray@GrayMarino.com Website: www.GrayMarino.com
ROAM Maui: Luxury Travel to Maui with Private Plane Access
Are you seeking a luxurious and convenient way to travel to Maui for your real estate ventures? Look no further than ROAM Maui and their private plane access to the island. Offering an unparalleled experience, ROAM Maui allows you to enjoy a seamless journey, exceptional services, and exclusive amenities. In this blog post, we'll delve into the advantages of flying privately to Maui with ROAM Maui and how it can elevate your real estate experience. The Ultimate Convenience of ROAM Maui When it comes to traveling to Maui for real estate purposes, time is of the essence. ROAM Maui's private plane access ensures that you make the most of your valuable time. By bypassing the commercial terminals, you can avoid long security lines and crowded spaces. Instead, ROAM Maui utilizes private airport Fixed Base Operations (FBOs), offering a more personalized and efficient travel experience. Arrive just minutes before your flight and enjoy a relaxed departure time of your choosing. Unparalleled Comfort and Amenities with ROAM Maui ROAM Maui provides unmatched comfort and amenities, allowing you to travel in style. Their VIP-configured Boeing 737-700s feature spacious all-first-class seats designed for maximum comfort. With a seat pitch of 56 inches, you'll have ample legroom and space to unwind during your flight. Experience the luxury and comfort of ROAM Maui's accommodations while soaring to your destination. Entertainment is also at your fingertips with ROAM Maui. Their onboard Stage™ On Demand system lets you stream movies, TV shows, and stay updated with news, stock updates, sports, and weather information. Immerse yourself in a world of entertainment while cruising towards the beautiful shores of Maui. Exceptional Services Tailored to Your Needs ROAM Maui is dedicated to providing an extraordinary travel experience. From the moment of booking to your arrival in Maui, their Member Experience Team ensures that every aspect of your journey is meticulously taken care of. With a passenger-to-service professional ratio designed to deliver five-star service, you can expect unparalleled attention to detail and personalized care throughout your flight with ROAM Maui. Elevating Your Culinary Experience with ROAM Maui Indulge in a remarkable culinary experience curated by renowned chef Charlie Palmer during your journey with ROAM Maui. Chef Palmer's expertise, including multiple Michelin stars and recognition from the James Beard Foundation, shines through in the carefully crafted menus. Delight in delectable dishes paired with prestigious wines and specialty craft cocktails. Prepare to savor every bite and raise a glass to an unforgettable journey with ROAM Maui. Pets Accompanied with Style (PAWS) Program by ROAM Maui For pet owners, traveling to Maui with ROAM Maui is a breeze. Their unique PAWS program, in partnership with the Maui Humane Society's Direct Release program, allows your furry companions to accompany you from your mainland home to your Maui residence without quarantine restrictions. Travel with peace of mind knowing that ROAM Maui will ensure your pets are well taken care of throughout the journey. Discover the Luxury of ROAM Maui's Private Plane Access to Maui ROAM Maui revolutionizes the way you experience real estate endeavors in Maui. Enjoy the convenience of avoiding commercial terminals, revel in the utmost comfort and amenities, and savor exquisite culinary creations during your flight. With dedicated service professionals attending to your every need, your journey with ROAM Maui becomes an unforgettable part of your real estate experience. To learn more about ROAM Maui's private plane access to Maui and how it can enhance your real estate ventures, visit their official website and explore the exclusive services and amenities offered by ROAM Maui.
Choosing a Title & Escrow Company in Hawaii: Your Comprehensive Guide
Owning a slice of heaven in Hawaii is a dream for many, and finding the ideal property is just the beginning. To successfully close the deal, you need to navigate the escrow process, which involves selecting a reliable title and escrow company. In this comprehensive guide, we'll provide expert tips and insights to help you choose the right company for your Hawaii real estate transaction. Understanding the Importance of a Title Company When purchasing real estate in Hawaii or anywhere else, it's crucial to ensure that the seller has a clear claim to the property. This is where a title company comes in. The title agent conducts thorough research on the property's title history to confirm its clarity. They check for any defects, liens, judgments, or encumbrances that might affect the property's ownership. Having a clean title safeguards your investment and protects you from potential legal disputes in the future. The Role of Escrow Services Escrow services play a vital role in the closing process. Once you've signed the purchase contract, escrow is opened, and the escrow officer contacts both parties to initiate the transaction. As the buyer, you'll be required to deposit earnest money into the escrow account held by the title and escrow company. The escrow officer will also collect invoices for expenses like appraisals, property inspections, and surveys, ensuring that these are settled at closing. Selecting the Right Title and Escrow Company in Hawaii In Hawaii, the seller typically has the leverage to choose the title and escrow company during contract negotiations. If you have a preference as a buyer, it's essential to communicate this to your real estate agent. Below, we'll highlight some reputable title and escrow companies in Hawaii that you may consider: 1. Title Guaranty of Hawaii Title Guaranty of Hawaii is one of the most recognized title and escrow companies on the islands. With numerous branch locations across Hawaii, including Kahului, Lahaina, and Wailea on Maui, they have a long-standing reputation for speed and accuracy in real estate transactions. Established in 1896 and family-owned, they have extensive experience serving individuals, real estate agents, developers, lenders, and others involved in Hawaii real estate. Three of my absolute favorite escrow officers on Maui work for this company. Tamara Cabanilla-Aricayos in the Wailea area and Teri Ferreira in the Kahului area, and Twlya Kukahiko in the Lahaina area. With a backing of professionals in the Title search departmens as well, this is my humble recommendation for a complete closing experience. 2. Fidelity National Title Fidelity National Title is among the oldest and most well-established title and escrow companies in the United States. With offices throughout Hawaii, including Kahului, Upcountry, Lahaina, and Wailea, they have maintained a strong reputation for excellent customer service, efficiency, and accuracy. As a Fortune 500 company, they adhere to the highest standards and provide extensive resources for buyers, sellers, real estate professionals, attorneys, and others. 3. First Hawaii Title First Hawaii Title, with locations in Kihei and Kailua Kona, has built lasting relationships with real estate professionals. They embrace technology and innovation through their partnership with NexTitle while maintaining high standards of accountability, attention to detail, and accuracy. Their website provides valuable resources, including a home process guidebook, cost estimating sheets, and a video library. 4. Old Republic Title With an office in Lahaina, Old Republic Title is a nationally recognized company that has been protecting property rights for over a century. Their conservative approach to financial management and commitment to staying informed about industry changes make them a reliable choice. They serve individuals, businesses, and government transactions, and their underwriters include American Guaranty Title Insurance Company and Old Republic National Title Insurance Company. 5. Ho'okele Title and Escrow Located in the Wailea Town Center in Kihei, Ho'okele Title and Escrow provides a range of services beyond transactions. While they offer attentive service and utilize advanced technology, it is our humble opinion, based on years of experience, that you may consider choosing one of the other companies due to their unique title search methods. This is not to say anything negative about Ho'okele Title and Escrow, but we prioritize recommending companies with proven track records and exceptional expertise in the field. Making the Right Choice for a Smooth Closing When choosing a title and escrow company in Hawaii, it's essential to consider their reputation, experience, services offered, and their ability to meet your specific needs. Collaborating with a trusted and competent company will ensure a smooth closing process and provide peace of mind throughout the transaction. By following this comprehensive guide, you'll be equipped with the knowledge and insights to select the best title and escrow company in Hawaii for your real estate venture. Make an informed choice and embark on your journey to owning your own piece of paradise in the Aloha State.
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