Maui Real Estate Blog
Spreckelville Real Estate June 2021 Market Update
While last week’s stats post was the first in a long time, it’s been even longer since I posted a neighborhood specific update. With that in mind, no time better than the present to catch up on the real estate happenings in the Spreckelsville neighborhood on Maui’s North Shore. This beachfront community is a favorite of the Maui Real Estate Team. Our broker Billy calls it his home as does Martin Lenny, one of our agents. The combination of convenient location, great beaches and access to world class wind and water sports make this an incredibly desirable location. Today’s post takes a look at market activity during the Covid-19 era.
Notable Sales Numbers
- Eight properties sold in Spreckelsville between April of 2020 and June of 2021. That includes 6 homes and 2 lots.
- Seven of the eight sales were cash transactions. The one other sale was a trade.
- The Maui Real Estate Team represented the buyer or the seller on seven of the eight sales.
- There was only one off market sale during this period. All of the other sales made it to the MLS.
- The sales activity was spread throughout all but the Kai Holu Subdivision. The sales included one home closed in the Sprecks V area, one home on Stable Road, one home and one lot in E Paepae Ka Puko’a (The Spencer Subdivision). The rest of the sales were in Old Sprecks.
- One oceanfront home closed thus far during Covid. There is a second oceanfront home pending.
- The highest priced transaction to close came in at $4,000,000 for a home on .57 acres on Stable Road. The four bedroom, two bath home sits one lot back from the oceanfront with easy beach access. This transaction closed in March of 2021.
- The highest priced lot closed for $2,750,000. This .789 acre lot is situated off of Nonohe in Old Sprecks is right next to the Maui Country Club with deeded access to Stable Road.
- In addition to the 8 sales, there are three properties under contract including our office’s listing at Sugar Cove.
Thoughts on The Sprecks Market
Maui’s high end real estate market boomed during Covid-19. More accurately, it took off in late 2020 and through the first half of 2021. Home sales over $2,000,000 are up 335% during the first five months of 2021 compared to the same period of 2020. They are up 368% compared to the first five months of 2019. Areas like Kapalua, Ka’anapali and Upcountry Maui saw record sales volume for luxury property. That also meant the occasional bidding war and an above asking sales prices became more common.
The Sprecks market hasn’t hit the same heights as some of the other areas of the island. While the five properties sold for the year to date is the highest since 2014, it wasn’t unprecedented. None of the properties that sold closed above asking price and we only saw one multiple offer situation. This is not an indictment of the Sprecks market or the appeal of the neighborhood. It is more of a reflection of the fact that Spreckelsville is a high demand low sales volume area. Inventory levels consistently remain low with limited turnover. Many of the markets that saw the sharpest increase in activity came into Covid with an abundance of inventory. Plentiful supply combined with strong demand to create record sales volumes.
Spreckelsville Market Outlook
Based on the above, I imagine it isn’t too much of a surprise that I view inventory as the driving factor in the market for the remainder of 2021. There are currently four active listings and three pending listings. Based on recent trends, I would imagine that additional inventory will remain relatively scarce. Check out our Spreckelsville Real Estate listings page for the current inventory of homes for sale. Contact the Maui Real Estate Team if you are interested in buying or selling a property in Spreckelsville. We know the market since it is our own backyard.
Maui Real Estate Blog
Tour Some of Maui’s Stunning Oceanfront Properties
It’s the weekend. Or at least I think it is. With stay at home rules in place, many buyers are turning to video and 3D tours as a safe way to tour property. We already posted video and 3D tours for the Maui Real Estate Team’s listings. If you need a little distraction and you’ve binged all that Netflix has to offer, I thought we might take you on a tour of some of the island’s more impressive oceanfront listings. Whether you are an oceanfront home buyer stuck on the mainland waiting for the all clear to fly out, or you just want a little Maui eye candy, we hope you enjoy the tour.
9 Bay Drive, Kapalua
This beautiful property of just under 10 acres is currently the most expensive active listing on Maui. The eight bedroom, eight and half bath home has 6,645 square feet of interior living space and a stunning pool area. Situated on a bluff overlooking the Pailolo Channel between Maui and Molokai, the views of the ocean and neighbor islands are stunning.
Hawaii Life Real Estate Brokers listed this home for $37,500,000. Check out the listing details for 9 Bay Drive for more photos and information.
4508 Makena Road
This new home is located along one of our favorite beaches on the island. Palauea or White Rock is a beautiful sandy beach with good snorkeling at either end. The four bedroom, five and half bathroom home has 5,065 square feet of living space. Never lived in before, the builders completed construction in 2018.
You can also take a 3D tour of 4508 Makena Road to get a better sense of layout. Find photos and additional details at the 4508 Makena Road MLS listing page. Island Sotheby’s Real Estate listed the home for $27,498,000.
11485 Honoapiilani Highway
I always loved this Olowalu Oceanfront home for its classic Kama’aina style. While built in 2001, it features a lot of the best design elements of 1930s Hawaii Architetcure. The main house is four bedrooms, five and a half baths and includes over 6,065 square feet of living space. There is a 75 foot long pool, a separate one bedroom ohana and a third structure with a gym steam room and suite above.
Listed by Hawaii Life Real Estate Brokers, the asking price is $9,395,000. Check out the MLS listing of this Olowalu Oceanfront home for more photos and details.
7381 Makena Road
This Makena property isn’t direct oceanfront, but it is pretty darn close. Makena Road is what separates this home from a small rocky beach. Built by renowned local builder John Cahill, this 3 bedroom, 3.5 bath home includes 3,919 square feet of living space. There is a separate two bedroom, two bath cottage.
Hawaii Life Real Estate Brokers listed the home for $12,990,000. Check out the MLS listing of 7381 Makena Road for more photos and details.
Wailea Point 102
There are some pretty stunning oceanfront condo options. Wailea Point 102 is arguably one of the best. It is a double unit overlooking Wailea Beach, Ma’alaea Bay, Kaho’olawe, Molokini and Lanai. The three bedroom, three bath unit includes 3,805 square feet of living space. The video for the property shows a lot of the scenery surrounding Wailea Point. It is easy to see why. This is one of the premier locations on the island with the Four Seasons and the Grand Wailea located to the North and the Fairmont Kealani located just to the South.
Island Sotheby’s Realty listed the property for $17,995,000. Find more photos and details on the Wailea Point 102 MLS listing page. There is a second double unit at Wailea Point on the market that is also worth checking out. Wailea Point 1602 is equally stunning and priced almost $1,000,000 lower.
Makena Surf G 301/302
This is another double unit just down the coastline from Wailea in Makena. Makena Surf offers beautiful vistas and a great setting on Po’olenalena Beach. The combination of two units means plenty of space for friends and family with five bedrooms and five bathrooms.
Romvari Realty listed this beautiful condo for $6,999,999. Check out the Makena Surf G301/302 listing page for more photos and details.
More Oceanfront Options
Contact The Maui Real Estate Team if you have any questions on any of the stunning properties above. If you need to binge on more Maui Oceanfront Property, you can check out the full inventory of Maui Oceanfront Homes and Maui Oceanfront Condos.
Maui Real Estate Blog
39 Acre Ranch in Haiku
Located on the verdant green slopes of Haleakala, this 39 acre ranch in Haiku is a special property. It features a gorgeous cottage and an enormous barn. There are approximately 30 acres of pasture. There is a seasonal stream and even a small Christmas Tree Farm. This property provides options!
The property includes six separate pasture areas. Each pasture is watered. It includes a round pen and a tack room. There is plenty of room to add additional horse related infrastructure if you wanted to raise or board your own horses. There is even enough land for a polo field.
You don’t have to ride a horse to to love the potential of the ranch. This would be an ideal property for other types of farming. The soil is good thanks to its history as pasture land dating back to the mid 1940s. Unlike a lot of land in Haiku, there is no residual plastic residue from cane or pineapple farming. There are citrus trees on the property and plenty of land available to plant additional orchards. There is a dormant Christmas Tree farm, but plenty of inventory available for next year’s holiday season.
The massive barn offers plenty of room to store farm equipment or horse trailers. It could also be the ultimate home base for the Maui Adventure Seeker. The current owners took advantage of the high ceilings and oversized doors to store an R-44 Helicopter, a 30 foot surf rescue boat, jet skis, big-wave boards, mountain bikes, cars and trucks.
There is a massive grid tied solar system on the roof of barn to help keep down utility costs for the property.
There is even potential to convert the barn into the main residence on the property. The high ceilings, design features and big views make the structure well suited to conversion while still still retaining plenty of garage and storage space.
The two bedroom, one and a half bath cottage is picture perfect. Highlights include reclaimed pine flooring, vaulted ceilings, a cupola roof, an outdoor shower and a large covered lanai. The covered lanai helps the home live larger, and it offers a great space to take in the ocean views. The spacious kitchen included concrete counter tops, a farm sink and a beautiful Monkeypod wood bar top. Other nice touches include a claw foot tub in the bathroom.
This is a truly stunning property. Our hope is that someone makes this the farm, ranch of equestrian property of their dreams. That said, the 39 acres are subdividable. There are also three remnant parcels in the title report which could make it easier to develop.
The asking price for the 39 Acre Ranch in Haiku is $3,950,000. Check out the 1949 West Kuiaha listing page for additional photos and details. Take a 3D tour of the cottage to see the floor plan and more details.
Maui Real Estate Blog
Need a Place to Play Pickleball on Maui?
Pickleball is one of the fastest growing sports in the United States. The popularity of the sport extends to Maui. A recent Maui News article highlighted the challenges players on island are experiencing finding court space. Are you a pickleball player on Maui feeling deprived of court time? What is we told you that you could play pickleball any time you want?
How you ask? Let me introduce you to North Shore Paradise. Our stunning listing in Haiku comes with its own Pickelball court. That’s right, no signing up for court times. Just pick your paddle and ball, grab a friend and head out to the backyard.
More than Just Pickleball
If you worked up a sweat on the court, you can cool off in the forty foot, saltwater pool with jumping rock, slide and spa.
Want to exercise your mind as well as your body? How about a game of outdoor chess? Set among beautiful landscaping, this is a stunning setting for a battle of wits.
If you haven’t realized it yet, North Shore Paradise has a lot to offer above and beyond your own backyard Pickleball court. This property is all about fun.
A Beautifully Remodeled Home
That said, the four bedroom, three bath home itself is beautiful. The sellers completely renovated the home in 2016. A partial list of remodel improvements include an upgraded the kitchen, a beautiful new 5,500 piece mosaic, revamped fans and lighting, a new roof and all kinds of custom woodwork and built-ins. The sellers also updated two bedroom/one bathroom ohana in 2016.
Find out More About this Pickelball Property
This perfect pickleball property is offered for $2,250,000. Take a 3D tour of the home and the cottage. Check out the North Shore Paradise website for more photos and information. Interested in this beautiful home with your personal pickleball court? Contact The Maui Real Estate Team with questions or to arrange a showing.
Published September 29, 2019
Maui Real Estate Blog
The Incomparable Haiku Sanctuary
Situated in a quiet, lush valley on Maui’s North Shore, two streams flank this 9.64 acre property The streams merge at the edge of the property before traveling a short distance to the ocean. This place is truly a feast for the senses as the sound of rustling palm fronds accompany the rumble of the ocean and the murmur of streams. There are two separate homes. The Sky House, at the top of the property, provides broad vistas of the Pacific. The Ocean house, located closer to the streams and the ocean, provides more intimate views of ocean and the surrounding tropical landscape. Each home has its own pool. There is a white cedar workshop between the two homes. Add in an orchard and nature trails and this is a place to truly slow down and catch your breath in a fast-paced world.
A Well Loved Property
When the developers of this property first purchased this property, the valley was dense jungle. They slowly began to clear the property keeping a selection of larger common mango trees, and kukui trees. The original owners cleared home sites for the Ocean House and the Sky House. They planted beautiful gardens and an orchard. The owners lovingly constructed the two homes. They hand selected timbers for the homes, laid mosaic tiles for the pools and bathrooms and carved tikis in support posts.
The current owner continued the previous owners stewardship of the land. She expanded the orchard area and continues to maintain the grounds organically.
Off The Grid Living
The property is truly off the grid. Photovoltaic Solar Panels power the two homes. A generator provides back up power. Water comes from a well on the property. There are a variety of organically grown fruits on the property including coconuts, avocado, citrus, lilikoi, surinam cherries, bananas, papaya and a whole lot more. There is a small kitchen garden with herbs and greens next to the ocean house. With solar power and all the edibles, you can truly live well with a light footprint.
A Place to Create
With a large artist’s studio/workshop and an abundance of peace and quiet, this is truly a place to think and a place to create. The Haiku Sanctuary is a place to escape distraction and hustle and bustle. This is a place to get back to nature.
See more of the property in the video below as our broker Billy takes you on a tour of the Haiku Sanctuary.
This stunning property is co-listed with Hawaii Life Real Estate Brokers. The asking price for the Haiku Sanctuary is $4,800,000. Check out the 707 Puniawa listing page for additional photos. Qualified buyers may Contact The Maui Real Estate Teal with questions or to arrange a showing.
Published September 26th, 2019
Maui Real Estate Blog
52 Laenani, A Distinguished Haiku Home
What makes a home distinguished? Is it the location? Is it the architecture and design? What about the quality of the build? Is it a combination of all of the above? Our new listing in Haiku hits it out of the park based on all three criteria. Built in 2017, 52 Laenani is an extremely well built home, with impressive attributes, a very well thought out floor plan and a beautiful setting at the edge of Maliko Gulch.
The Beauty of Maliko Gulch
About five years ago, I helped the sellers in their search for an ideal Haiku or Upcountry Property. We looked at another home in the Haiku Mauka subdivision. They liked the home, but it wasn’t quite the one. However, what really captivated the sellers about the property was the setting on Maliko Gulch. Its taken a lot of time and a steady flow of water to carve this lush, deep and beautiful gulch. Homes on this side of the gulch also tend to offer great vistas looking towards the West Maui Mountains, the Pacific Ocean and the East end of Molokai. Summer sunsets are often dramatic and colorful. When my buyers found out that one of the two lots in the subdivision that had not been developed was coming to market, they pounced before it hit the MLS.
A Well Designed Home
With a beautiful home site procured, the sellers went about the process of designing and building a residence equal to its setting. It all starts with the floor plan. I have been in a lot of homes with beautiful finishing on this island. That said, in a number of the homes the floor plan fell far short of the finish. The architect sized the rooms wrong, space was wasted or the flow was all wrong.
The floor plan of this home just feels good. Walk in the front door and you enter a large and open living, dining and kitchen area. The space feels that much bigger with ceilings heights that top out at 16 feet. Large sliding glass doors bring in light and open up to a spacious covered lanai that runs the entire length of the home.
The kitchen offers a clean design with plenty of space. An oversized island adds room for people to socialize during meal prep or a place to dine for less formal meals.
The central living area separates the master bedroom from the second and third bedrooms. The master itself is a generous space with high ceilings and sliding glass doors that run along the lanai. It has a large walk in closet and a big bathroom. The bathroom includes a double vanity, a free standing tub and walk in shower. A second shower is located outside off the master bath. With complete privacy from your neighbors, it is a great place to rinse off with a view or to wash off the sand after time at the beach.
Other notable features of the floor plan include a billiards and media room off the living area and an office off the living room. There is a separate laundry room with a utility sink. The garage is oversized with over 800 square feet of space. That means room for the cars and plenty of room for all of your other toys.
Quality Materials and Custom Finishes
The sellers made good choices when picking materials inside and outside the home. The exterior is stucco and the roof is standing seam metal. Both will weather well in the climate of windward Maui.
Flooring in the home includes durable porcelain tile and dark strand bamboo. The cabinetry in the kitchen is natural finished cherry wood. Counter tops are black granite. A custom acacia wood vanity is in the powder room. There is another custom, acacia wood, surfboard desk top in the office. This is just a partial list of the quality materials evident throughout the home.
With the climate on Maui, quality outdoor spaces are imperative. As mentioned before, this home has a covered lanai that runs the length of the exterior of the home. It is well oriented to take in views of the gulch, the ocean and the West Maui Mountains. The orientation also takes you out of the teeth of the trade winds while still allowing breezes along the porch. The overhang on the lanai is more than sufficient to shelter you from a passing trade shower.
The property itself is two acres. The sellers planted citrus, avocado and mango trees. Roughly an acre and a half is flat to gently slop with about a half acre located in steeper gulch. Gated access and perimeter landscaping provide privacy from neighbors.
We talked about the geography of the land already. It is ultimately what prompted the sellers to buy and build. The property’s location on the North Shore is another selling point. The house is five minutes from Haiku Town Center. There you will find fitness centers, a yoga studio, a small grocery store and some great restaurants including Nuka, my favorite sushi spot on the island. Makawao Town is about eight minutes away. Paia Town and its many restaurants and amenities are a little over 15 minutes from the front gate. There are a number of good public and private schools within 15 minutes drive from the property.
The Haiku Mauka neighborhood is great for walking with limited traffic. Fourth Division Marine Park (Giggle Hill) is just minutes stroll out the front gage of the home.
Find Out More About 52 Laenani
The asking price for 52 Laenani is $2,090,000. Check out the MLS listing for more photos of the property. Qualified Buyers may contact the Maui Real Estate Team to talk to an agent about the property or to arrange an exclusive tour of the home. Not on island? Take a 3D tour of the home to see more features and to get a better feel for the floor plan.