Maui Real Estate Blog

A few really interesting bank owned (REO) properties on Maui

The properties featured on this page sold in 2011

There were two bank owned (REO) listings that were just updated on the MLS tonight that caught my eye that I thought were worth sharing. One is a neat two bedroom two bath vacation rental condo at Kahana Villa.  Kahana Villa is a Fee Simple complex in the heart of Kahana across the street from the beach.  The condo appears to be in pretty good shape with a recent remodel and all of the appliances included.  The price was just lowered to $299,999.

The second REO listing is a massive home in Haiku Makai which is one of the better subdivisions in Haiku.  The property is just over two acres and includes a 7,400+ square foot home and a 2,312 square foot cottage.  Priced at $1,373,000, it looks like a major reclamation / restoration project, but with that square footage someone could turn it into one heckuva a private compound.  The property features outstanding views and is less than 5 minutes to Hookipa State Beach Park.  100 Piialii, which is just down the street, sold for $1,688,000 on October 15, 2010.  That total square footage of the house and cottage on that property was just under 3,500 square feet versus over 9,700 square feet of space at 166 Apuwai.

Pete and I have both sensed an uptick in REO listings recently.  We’ll have to do a little research to see if the facts match our thinking.

Here is a link to the entire REO inventory.  All Maui REO’s

In the meantime if you have any interest in these properties or any other REO listings on Maui, please do not hesitate to contact us today!

Pete Jalbert

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