The most expensive condominium located for sale on the beautiful island of Maui Hawaii September 2020.
This luxury condo is located on the South Shore of Maui in Wailea at the oceanfront Andaz Residences
development. This amazing ocean view condo is currently listed at $9,950,000 and features 4 bedrooms
and 3 bathrooms with stunning views. Per the MLS listing the condo was originally built in 2013. The initial
list price was $10,800,000. There has been one price reduction which was completed September 3, 2020
for $850,000. The current listing was added to MLS February 15, 2020. The condo has been on the
market for 213 days at the time of this post.
The previous listing for this condo was canceled February 14, 2020 after 344 days on market. During the
344 days that the condo was previous listed it was listed at $10,800,000. There were no price reductions
during the previous listing period. Between March 7, 2019 and today the condo has been listed for sale
two times with two different real estate brokerages. During this period the condo has been on the market
a total of 557 days.
The current owners paid $5,500,000 in August, 2017. During this time period median condo prices on
Maui have increased 27.9% and average condo prices have increased 16.7%. The current list price for
this condominium is 81% higher than what the seller paid a little over three years ago. Values for real
estate can vary drastically based on the location. Looking hyper local at a particular development
or even at a particular building within a development we can see major differences with real estate
values. With this being stated, based on the average and median appreciation of condo values on Maui
it appears that the list price for this particular condominium might be high. I have not verified
comparable sales to confirm.
The previous owners paid $4,295,000 in February, 2016.
Please click the link below to see more information and photos of this condominium.
*Information for this property has been provided by the Realtors Association Of Maui and the
Paragon MLS which I am a member of. I am not the listing agent of this condominium.*