On Tuesday, January 17th, 2012 a spectacular oceanfront home will be up for auction through Grand Estates Auction Company.
Since 2000, there have been 18 oceanfront homes to sell in this area totaling over $110 million in sales. Sales prices in the Napili and Kahana area have averaged $6,134,722 with a low of $2,550,000 and a high of $13,700,000. A small oceanfront point, just a few minutes south of Kapalua Resort, Hui Road E has always commanded high values for oceanfront--in fact, the average sales price for the last four homes to sell on Hui Road E was $9,412,500.
The current owner of 20 Hui Road E paid $8,000,000 in 2008 for this Balinese style home that was constructed in 2005 and renovated with their own special touches in 2011. The home features 5 bedrooms, 5.5 Bathrooms, a den, and an attached studio ohana. It is offered fully furnished.
This oceanfront home is up for absolute auction, with no minimum bid and no reserve. The auction is scheduled for January 17, 2012 at 11 am HST. For more information including photos of the home, please refer to this 20 Hui Road E Auction Flier. They are allowing buyers to have representation in the auction, and I would be delighted to assist anyone that is interested.
For more information on participating in the auction, the house at 20 Hui Road E, or an other Maui oceanfront real estate, please don't hesitate to contact me.
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