Maui keeps luring the fabulously wealthy!

By
Real Estate Agent with Maui Real Estate Advisors, LLC RS 68054

I know... Maui is not the Hamptons, nor Malibu nor the French Riviera and definitely NOT Dubai.  No - Maui is not Honolulu nor does she  want to be. Maui IS -to put it simply- a quiet  island in the middle of the deep Pacific blue.  An island  that offers 5 Star Quality Hotels, gorgeous ocean view estates, incredible country charm, almost untouched rainforests, cowboys, artist retreats, organic farms, secluded beaches, world's most coveted surfs and so much more. People from all over the world gather here and get to choose amongst the more than 20 microclimate areas. You can pick whether you want to live in sunshine and warmth, rain and cool, dry and sun, whatever you want, she most likley can deliver. Believe it or not , I used to live up in Kula near 4500 elevation and we had SNOW one winter morning !!  She doesn't scream out loud. She is understated and elegant because Maui does not pretend to be what she is not. At her core, she is all about natural beauty and grace and true aloha.

For those possible reasons, we are finding the fabulously wealthy, the famous, the artistic  finding their way here to live, to invest. Yes. Aloha does live here and I believe everyone is touched by that. Whether your Oprah Winfrey or Clint Eastwood or ....this past month San Francisco technology investor and entrepreneur Peter Thiel.  He has bought an oceanfront home in Maui  for $27 million.

Mr. Thiel, 43, who co-founded PayPal and was an early Facebook investor, bought the 1.7-acre Makena property through a Delaware limited-liability company. The home, which unlisted , according to public records was built in 1991. It's over 4,500 square feet and has a pool. It is currently going through more renovations.

The sellers, through a Wyoming limited-liability company, were Dan Huish, founder of private-label laundry- and dish-product maker Huish Detergents, and his wife, Kim. The couple bought the property in 2006 for $19.2 million.

They bought at the peak of our market and sold for 27 million. It simply shows  that in this market there still remains the outliers .

Maui land is precious and her shoreline even more scarce. Makena is South of the Wailea and holds the natural and untouched beauty  The reason many people who could live anywhere  have found refuge here.. on Maui.

 

 

maui big beach aerial

Maui big beach aerial

Big Beach in Makena

Looking at Makena's Big Beach from the wave
Looking at Makena's Big Beach from the wave

 

A hui hou... (until we meet again)

Jeannie Kong

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Michelle Carr-Crowe-Selling Silicon Valley Homes in Top Schools San Jose, Cupertino, Saratoga, Palo Alto-Just Call 408-252-8900
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Great article on your unique market, thanks for sharing.

Jul 20, 2011 03:16 AM #1
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Robert (Vegas Bob) Swetz
REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 - Las Vegas, NV
Commercial & Residential Real Estate Agent

Hello Jeannie and I have yet to visit Hawaii, I have been overseas to Southeast Asia, Phuket Thailand, Singapore, Myanmar, etc. and these are very beautiful places. But I must get to Hawaii soon to photograph & take videos.

Vegas Bob

PS - The photo on your profile page is "Breath-Taking"

Jul 20, 2011 03:18 AM #2
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John Hrisco & Associates
John Hrisco & Associates | RE/MAX Heritage - Keller, TX
-"The Sign You Want, The Agent You Need!"

Hi Jeannie, I absolutely love Maui, but have not been to Kaui or the Big island yet.  Spent Honeymoon on Ka'anapali at the Westin, and then came back a couple years later to Ka'anapali Ocean Resort Villas.  You mean even at 27 million that house needed a little renovation?  Wow!  Heard when we were there that our Dallas Mavericks Owner Mark Cuban kind of started the whole Maui High end real estate ball rolling a few years back, any truth to that?

Jul 20, 2011 03:23 AM #3
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Mike Mayer
Mike Mayer, Broker/Owner - i List For Less Realty, LLC - Lafayette, LA

I, too, have never visited Hawaii. I've only flown past it on trips to Japan and the Philippines. The photos are indeed alluring!

Jul 20, 2011 03:35 AM #4
Anonymous
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Jul 21, 2011 12:00 AM #5
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jeannie kong

Maui- is indeed lovely. If you haven't been here then do come visit! If you have been here then come again! She has so much to offer than just the gorgeous beaches. 

In any case - thanks for taking the time to write your comments. I do appreciate it !!

John- As far as Mark Cuban starting the the high end real estate ball - I am not quite sure about that. hmm...?

 

Jul 21, 2011 03:20 AM #6
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Jeannie Kong

Maui Real Estate Expert~Island Wide Service
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