Maui's most expensive home ever, with a price tag of $27,000,000 was sold in Makena, only a few weeks ago. The new owner is Peter Thiel, co-founder of Paypal.
Sitting on a direct ocean front parcel of a little over 1.5 acres, this almost 5,000 sf was built in 1991 and it is currently under renovation, according to an article in Pacific Business News. 
This property was sold before being listed. The Seller owned and enjoyed this home for almost 5 years; in 2006, he bought it for $19,200,000. Which comes to prove that the recession has not affected luxury real estate.
There have been 16 homes that sold in Maui, for more than $10,000, ever. Seven of them are located in Makena, five are located in Napili/Kapalua area and four are located in Kihei/Wailea area.
I need to look up the other co-founder of Paypal and sell him a house on the West Side, so they can have the island covered:-))) Good for me and good for them:-))
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