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Makena Beach & Golf Resort - former Maui Prince Hotel
The ongoing saga of the Makena Resort reached another milestone today in the foreclosure auction at Maui County’s Wailuku Courthouse. Approximately 50 people showed up to watch the auction proceedings held by the Court appointed Commissioner, Chris Lau. There were only 2 registered bidders at the auction – the lender (Wells Fargo Trust) and another unnamed bidder. The sale was quick and ended within 2 minutes of opening the bidding at $40 million. The final winning bid by Wells Fargo Trust came in at $55,000,000. Wells Fargo Trust represents the creditors who are owed approximately $200,000,000 in outstanding debt and accrued interest. The sale must be finalized at a court confirmation hearing before the Judge Shackley F. Raffetto in appoximately 30-45 days. This is not the end of the story as the Judge may open up bidding at the court confirmation hearing as long as there is a buyer willing to pay at least 5% above the winning bid price.
 The approximately 1800 acre Makena Resort includes the 310 room former Maui Prince Hotel (now under court receivership and renamed the Makena Beach & Golf Resort) along with the Makena North Course – an 18 hole Robert Trent Jones, Jr. designed golf course, the Makena South Course which is now closed and needs to be renovated, a golf clubhouse, pro shop, driving range, Makena Tennis Club, three restaurants and bars, 2500 square feet of meeting space, hiking trails and approximately 1,300 acres of vacant land. The sale is subject to resolution of a outstanding lawsuits by neighboring property owners.
The SaveMakena.org group showed up with signs promoting the protection of the Makena Resort. Hopefully whomever ultimately ends up with the property will consider the history and culture of the area and will care for the land -Malama the Aina.
 Everett Dowling in partnership with Morgan Stanley purchased the resort at the peak of the market in 2007 for $575,000,000. After defaulting on the mortgage Wells Fargo Trust became the receiver in August of 2009. Although the sale is not final until court confirmation it is likely the resort will have a new owner for pennies on the dollar of what it sold for in 2007.
For photos of the Makena Resort properties visit Makena Resort photos
For information on Maui real estate and property for sale visitMaui real estate
The Makena coastline is beautiful. Rocky outcroppings of lava with intermittent crescent shaped white sand beaches at Maluaka, Makena Landing, Makena Surf, Poolenalena, and Palauea. Facing west with views of the outer islands of Kahoolawe, Molokini, and Lanai the views along the Makena coast at sunset are dramatic. It's a wonderful place to have a home on the ocean. If you are looking to build something unique 4 adjacent lots in Makena on the ocean are for sale. Lot 1 has 110 ft of ocean frontage at approx. 20,016 sq.ft. offered at $5,985,875, Lot 4 is Makena Point with 180 degrees of views at 41,029 sq.ft. for the same price. Both lots are R-3 zoning and allow for a main house and a detached cottage. Lots 2 and 3 are available as well. For more information or to schedule a preview call me at (808) 344-0294 or visit http://www.mauirealestateadvisor.com
If you'd like to purchase a home on the Makena coast check out Makena Place #6, offered at $9,900,000. For more information visit http://www.mauirealestateadvisor.com/MakenaBeachfrontEstate
Almost oceanfront in Napili, this home was completed in 2009 with 3 bedrooms and 4.5 baths. Set on a 14,986 sq.ft. lot it has deeded view corridors to the ocean with privacy and outdoor living space. It is being offered at $5,200,000. Click on the following to view more photos of the property
To preview all oceanfront homes for sale on Maui visit http://www.mauirealestateadvisor.com/Maui_Oceanfront_Homes
I saw this great new listing on the golf course at the Maui Country Club today on caravan. Offered at $4,500,000, it is 5 Bedrooms, 5 Baths, 7579 sq. ft. of living area, plus a 500 Square foot 1 bath guest cottage. This custom Hans Rieke designed home is located on the 3rd hole of the Maui Country Club on almost an acre of land. Call Scott Innes at (808) 344-0294 for more information or visit http://www.mauirealestateadvisor.com to preview all Maui Real Estate listings and homes for sale.
To see more photos of this property visit Maui Real Estate Spreckelsville
Island Sotheby's International Realty has opened a new office at the Shops at Wailea. This is a great location on the north side of the Shops. Open daily from 9am-7pm the new office is the second Wailea location for agents to assist clients and promote active Maui listings using Sotheby's extensive marketing materials. A large flat screen television features Sotheby's Maui listings as well as properties from around the Globe.
I helped create a new Wailea & Makena real estate brochure which shows each of Wailea and Makena's developments, locations and amenities in a color coded easy to use reference on Maui real estate and Wailea and Makena real estate. For a personal copy of the brochure email name & address to me and I'd be happy to forward you a copy. Go to www.MauiRealEstateAdvisor.com for contact information.
 Beginning on September 1, 2008 the Maui County Parks and Recreation Department is revoking commercial ocean recreation permits at Makena Landing and at Maluaka north and south beach parks. Makena Landing is a popular Kayak launching spot that is very active in the mornings. Up to 18 dive and kayak companies have launched their tours from here for years. Public access is protected, however, after September 1 commercial operators will no longer be allowed. This is good news for the neighbors, who will no longer have to deal with buses dropping off hoards of people every morning.
Just above Makena Landing a new subdivision being developed that has recently received final subdivision approval. Papa'anui will feature 7 1/2 acre plus lots directly overlooking Makena Landing. For more information contact Scott Innes at Island Sotheby's International realty at (808) 344-0294 or visit www.MauiRealEstateAdvisor.com
 Halama Oceanview Retreat - Construction Now Complete
Looking for a large home on Maui with lots of space for a large family, corporate retreat, or island style vacation home great for entertaining? Or a group of investors sharing a large Maui Vacation home? Located on Halama Street directly across from the ocean this huge home has lots of possibilities. 5450 square with 8 bedrooms with 7 and a half baths on two levels surrounding a central courtyard with swimming pool. Divided into three distinct living areas all connected as one single family home there is plenty of space to spread out including an expansive oceanview Lanai which is great for entertaining. Watch the whales and sunsets. Lounge around the pool. BBQ on the Lanai or around the pool and walk to beaches, shops, and dining. Although not oceanfront it's almost oceanfront located directly across the street from the ocean access. The is a well built home. The builder used high end finishes, extra insulation, soundproofing, energy efficient lighting and solar  water heaters, double pain windows and was meticulous with the details. The following are highlights of the features:
- 8 Bedrooms / 7.5 Baths
- 5450 Sqft Living Space
- 1582 Sqft Covered Lanai
- Ocean & Mountain Views
- High Quality Construction
- Dewil's Heirloom Cherry Cabinetry
- Full Kitchen plus Two Full Wet Bars
- Energy efficient - Fully Insulated
- Two Solar Water Heaters
- Double Pane Windows
- Granite, Tile, Bamboo
-
 Split A/C system
- Two Large Garages - 5 Cars
- Swimming Pool
Offered at $2,950,000 this is a great value for the space and amenities. Select for more detailed information on Maui real estate. Contact me for more information:
Scott J. Innes R(S)
Island Sothebys International Realty
161 Wailea Ike Place, Suite B-104
Wailea, Maui, HI 96753
(808) 344-0294 Direct
(808) 879-8880 Office
www.MauiRealEstateAdvisor.com
 
  
 One thing visitors to Hawaii and to Maui are surprised about when they come here for the first time is how many different weather patterns and climates there are. What are the differences and what causes them?
One of the wettest spots on earth is located within miles of a desert coastal plain with very little rainfall during the year. In a very close proximity you have the 10,023 foot peak of Haleakala where there is a tundra high altitude climate in contrast with the tropical rain forests of east Maui; and then the dry central valley and West and South Maui Coasts.
Up in Kula, where I live, you even have different climates within elevations in the same area. It is wetter and cooler at the 3800' elevation compared to the dryer lower Kula area at around 2000' elevation with Kiawe trees and scrub and grasslands.
In Haiku and East Maui you are in the tropical rain forest and even within the rain forest there are varying degrees of wetness.
In West Maui and Lahaina (In Hawaiian the name translates to relentless sun) it is hot and dry and the beaches and sunsets are incredible.
It's truly amazing when you get to know how different each area is. In general it is rainier and wetter in the east (windward) facing sides of the islands and dryer and hotter in the west (leeward) facing sides of the islands. The typical trade wind flow of our weather patterns often has winds coming in from the east bringing in rainfall which deposits on the eastern (windward) and up mountain (mauka) slopes.
So where do you want to live on Maui? If you like tropical rainforest and proximity to windsurfing then you definitely want to be on the North Shore or in Haiku, Upcountry. If you like beaches, restaurants, shopping then you would want to live in south Maui including Makena, Wailea, Kihei or in West Maui in Laniopoko, Lahaina, Kaanapali. The closer you get to Kapalua the more wind and rain you get as it's just peaking over the edge toward the windward of West Maui Mountains. And of course if you are a golfer then Wailea, Kaanapali and Kapalua are the places you would want to consider. If you like cooler weather then Kula is the place to be - colder at the higher elevation and warmer at the lower elevations.
If you want more information about Maui feel free to contact me by phone or email at (808) 344-0294 Direct or scott@mauirealestateadvisor.com or visit my site at http://www.mauirealestateadvisor.com/
For information on different areas of Maui select the following links:
Wailea & Makena real estate
Upcountry real estate
South Maui real estate
West Maui real estate
Aloha,
Scott J. Innes
Jim Sanders Realty, Inc.
(808) 344-0294 Direct
Aloha Everyone,
This is my first blog post on ActiveRain. Thanks to everyone for a warm welcome!
I'm looking forward to writing about Maui real estate and happenings around the island.
As Georgie mentioned I live upcountry in Kula, Maui. I'm at the 3800' elevation so it can get rather cold at night in the winter time - in the low 50's - which is freezing for us thin blooded tropical island dwellers. I happen to love the cooler weather though. Year round it is awesome and almost like having seasons even though we are in the tropics. In the summer it is the perfect temperature day and night. You can be down at the beach in the sun and the sand and then go upcountry at night and sleep in perfect 70 degree nightime temperature. No A/C required anytime...and we use the fireplace to warm the place up for those 50 degree winter evening temperatures.
You may have heard the we had a terrible Kona storm last week that knocked the power out for much of Kula for 3 days. I was out of power and did not have computer access for 3 days! Talk about feeling out of touch! The winds were up to 65 mph and trees and telephone poles were down everywhere. There was a flash flood that knocked a house off of it's foundation in the Waiohuli subdivision not far from where I live. Cars and debris littered some of the gulches in the area. Luckily there were no injuries. We are slowly working on the cleanup.
I've been on Maui since 2002 and LOVE my job helping people with Maui real estate. I specialize in Upcountry and Wailea. I also enjoy web marketing and I've spent a lot of time customizing my website for buyers and sellers looking to search Maui properties. It's been a great lead generator and I've build many relationships with clients that started with a web inquiry.
Check out my site at www.MauiRealEstateAdvisor.com and let me know what you think. Any comments are appreciated.
I look forward to writing more soon!
Aloha,
Scott J. Innes R(S)
Island Sotheby's International Realty
(808) 344-0294 Direct
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Scott Innes R(S)
Wailea,
HI
More about me…
Island Sotheby's International Realty
Address: Shops at Wailea, 3750 Wailea Alanui, Suite B-35, Wailea, HI, 96753
Office Phone: (808) 879-8880
Cell Phone: (808) 344-0294
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The approximately 1800 acre Makena Resort includes the 310 room former Maui Prince Hotel (now under court receivership and renamed the Makena Beach & Golf Resort) along with the Makena North Course – an 18 hole Robert Trent Jones, Jr. designed golf course, the Makena South Course which is now closed and needs to be renovated, a golf clubhouse, pro shop, driving range, Makena Tennis Club, three restaurants and bars, 2500 square feet of meeting space, hiking trails and approximately 1,300 acres of vacant land. The sale is subject to resolution of a outstanding lawsuits by neighboring property owners.
Everett Dowling in partnership with Morgan Stanley purchased the resort at the peak of the market in 2007 for $575,000,000. After defaulting on the mortgage Wells Fargo Trust became the receiver in August of 2009. Although the sale is not final until court confirmation it is likely the resort will have a new owner for pennies on the dollar of what it sold for in 2007.
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