Haiku Maui HI 96708 Real Estate update - land sales in past 12 months

Looking back 1 year in the Haiku Maui market shows 18 vacant land sales ranging from 1.2 to 14 acres, and sale prices of $260,000 up to $854,000.  Average sale price was $458,194 and median sale price was $397,500.  

With the exception of the 14 acre parcel on Awalau Road that sold for $854,000, the highest prices paid were for oceanfront lots, and a hilltop lot with incredible views, showing that a good ocean view on Maui is going to cost you.  These were the highlights...

  • 2 acres at the end of Hoolawa Rd sold for $625,000 - oceanfront splendor in the country
  • 3.3 acres atop Haiku Hill sold for $700,000 - panoramic ocean and mountain views
  • 2.5 acres on Hana Highway at the top of Maliko Gulch went for $800,000 - life in the fast lane
At the other end of the spectrum were 2 different lots within a stones throw of each other in the Honokala area near Twin Falls.  These were the entry level bargains..
  • 3.25 acres just above the Hana Highway sold for $260,000 - I thought this was a really good buy
  • 1.2 acres just below the Hana Highway sold for $350,000 - a high price to pay for some privacy and security
So what's an average 2-3 acre lot in Haiku going to cost?  With no water meter you can expect to pay between $260,000 - $350,000.  If there's a county water meter or private water in place you can expect to pay between $350,000 - $450,000.
 

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This post has been included in Hawaii Real Estate News Maui County, HI Real Estate News Haiku, HI Real Estate News
Post is included in group: Market Reports
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13 Comments on Haiku Maui HI 96708 Real Estate update - land sales in past 12 months

SEP
14
484,099 Points 9 Featured Posts Outside Blog Called Shot Master

By water meter do you mean municipality provided water? I am not up on island living so I don't know how that works. I know that some places there use cisterns which I think is a smart idea. You should write some posts on that. It is interesting to me.
8:23pm • #1
818,542 Points 7 Featured Posts Outside Blog Called Shot Master

Hi Sussie, Yes a water meter is the county supply and I could go on and on about this topic, haha.  The county water lines only cover so much territory and then you're on your own.. like us.  Thanks for the idea and yes I need to write more about that becuase I find myself explaining it to buyers quite often.

I hope you're going to have a good weekend without too much work involved!
9:03pm • #2
SEP
16
512,996 Points 58 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Great report Georgina!

I never think of buying land when I think Hawaii...I mean islands and all!! To think there were 14 acres to buy? Awesome...what place they can create there! 

I guess I am with Sussie....let's hear more about the water thing? Again, something I would not even think of!
5:28am • #3
306,085 Points 22 Featured Posts Localism Sponsor

Very informative market report but I mostly like the pictures!!!
5:48am • #4
121,958 Points 1 Featured Post

Hi Georgina,

Your market report is interesting, especially lots with and without water supplies. The lots that don't have water do they use well water or does the county bring lines in once the lot is sold?
6:14am • #5
512,123 Points 13 Featured Posts Outside Blog Called Shot Master
Hi Georgina, land is dirt cheap here but in beautiful Hawaii it must be in demand.
6:17am • #6
143,271 Points 2 Featured Posts Outside Blog

Georgina, are these values consistent across the entire island? My wife and I have "considered" Maui as one of our retirement destinations. That's MANY years down the road though! :-) 
7:23am • #7
131,870 Points

Quite a market report real interesting water demand for the island..

 

 

 
8:00am • #8
3 Featured Posts Outside Blog

Fun information. Thanks.
10:03am • #9
201,122 Points Outside Blog

Buying land that has no utilities or access regardless of where it's located isn't that desirable, so what is the client profile for these type of sales specifically on Maui, just curious? 
10:43am • #10
818,542 Points 7 Featured Posts Outside Blog Called Shot Master

Wow thanks for all the comments!  I see I have some blogging to do about water supply here on Maui, so thanks for the ideas.

Kimo - access isn't usually an issue, but having no utilities means you wiil need to be savvy about off-grid living, which requires photovoltaic panels and system, water catchments or well system.  It's not uncommon here in the islands especially where uneven terrain makes it difficult for county services to reach.

Mitch - No, these prices are unique to Haiku.  Other parts of the island will generally have higher land values, while there are a few places where prices are lower due to remoteness.

Maui County doesn't go out of their way to bring in water lines and it's often up to a landowner to do their own infrastructure improvements when needed, and if it's even possible.  Potable water here is a big issue and I'll try to touch on that topic more often.
12:46pm • #11
709,084 Points 39 Featured Posts Outside Blog Called Shot Master

What a great place to sell. Never a bummer day on Maui that's for sure. Prices are steep but if you want that view, you're going to have to pay it.  That 14 acre site (no longer a lot) seems big.  Didn't know there were still sites like that available there.
1:54pm • #12
SEP
18
240,754 Points 4 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi,

This is an easy to understand and well-presented market report.

That’s a spectacular view of the mountain side and ocean.

All the best for the rest of 2012!

 
8:28pm • #13

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Georgina M. Hunter R(S) e-Pro Maui Real Estate Sales (Jim Sanders Realty Inc. - Maui) Rainmaker_large

Georgina M. Hunter R(S) e-Pro Maui Real Estate Sales

Haiku, HI

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Jim Sanders Realty Inc. - Maui

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Author Bio: Georgina M. Hunter (the Maui Hunter) is a college educated Maui Realtor who networks with professionals on their Google marketing efforts.

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Your Real Estate Agent on Maui, pictures of homes and properties for sale and market information for buyers and sellers. Maui events and lifestyle too. Maui Hawaii local information as seen through the perspective of a long time resident.



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