Wailea Hills is beginning sales of its first phase of development, the highly anticipated La’i Loa collection. A boutique, luxury residential complex with style and amenities, these condos for sale at Wailea Hills will please even the most discerning buyer.
Construction commences soon on the long-anticipated La'i Loa Phase I development, but sales have already begun on this luxury Wailea condo complex. The 75 two, three, and four bedroom luxury condos within the gated community on Maui offer magnificent ocean views (plus convenient access to the beachfront). Real estate buyers interested in purchasing one of these units should take quick action to secure a site. Interest remains high in this opulent gated residential enclave. Construction of the first phase of the project tentatively begins in December, 2020 and ends around August, 2023. Evan Harlow of Coldwell Banker Island Properties reports: "The Wailea Hills development is one of the best luxury projects to come to Wailea since Ho'olei and will certainly find a lot of interest in Wailea real estate buyers."
The opulent Phase I condominiums nestle in groups of five within 15 buildings within the 13-acre gated hillside community. Residents access this enclave via Alanui Drive. The first two buildings stand at the top of the terraced hillside, and will provide especially impressive views of the Pacific Ocean. Developed by Ledcor Development LP, this gated community offers units listed between $1.4 million and $3.5 million. Purchasers transmit the initial 15% down payment into escrow on a predetermined schedule in two segments (5% and 10%), with the balance due at closing. Initial HOA fees stand at 84 cents per square foot per month.
The La'i Loa Phase I development has already undergone extensive planning. The opportunity to purchase new luxury condos outside Wailea arises comparatively infrequently. Stringent building and zoning restrictions apply in Maui County. Every building in the condominium community will include two two-bedroom units, two three-bedroom units, and a spacious third-floor penthouse offering up to four bedrooms. The architects envision a charming contemporary Hawaiian architectural theme juxtaposing indoor and outdoor spaces in harmony.
For example, every unit supplies a modern luxury kitchen and at least one lanai with a built-in grille. The condo community will maintain a number of shared amenities also. These perks include a professionally installed Hawaiian garden and carefully designed landscaping. A footpath offers hiking opportunities on the grounds. Residents enjoy an infinity pool, a hot tub, a community barbecue area, and bocce ball facilities. Each unit supplies one dedicated parking stall (penthouse suites receive two stalls), plus extra storage space. With is close proximity to the beach, condo owners will live within easy walking distance of one of the finest sand beach recreational settings on Maui.
The new residential enclave lies adjacent to the Wailea Blue Golf Course. Residents of this prestigious enclave obtain remarkable access to an array of in-demand leisure time activities. The development sits on the outskirts of Wailea, the seat of Maui County. It stands within a 15-minute drive of the Kahului Airport, an important air terminal connecting Maui with other Hawaiian islands and international destinations.
The luxury condo market in Wailea generates significant interest due in part to their choice location in a popular vacation haven. Residents obtain outstanding recreational, shopping, and dining opportunities. Despite temporary disruptions caused by the Coronavirus Pandemic, the Hawaiian tourism industry remains an important driver within the local economy. Zoning regulations require a minimum six month rental contracts for the lease of homes within this exclusive condo development.
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CONTACT INFORMATION: Evan Harlow 808-214-4799 https://www.mauieliteproperty.com/wailea-hills-lai-loa-condos-for-sale.php [email protected]
SOURCE: Evan Harlow - Maui Realtor with Coldwell Banker Island Properties
