Have you been wondering what is happening across Makena Landing in South Maui?
Along side of Makena Road on the other side of the beach parking lot, the grading is in full motion. Papaanui is the name of this New Development encompassing roughly 3.3 acres. The parcel will be divided into seven lots zoned for single family homes. With the proximity to the ocean, all lots will offer splendid neighbor island and ocean views towards Molokini and Kahoolawe. For your orientation, please view our newly created plat map below.
The upper lot numbers are one, two and three. These are the smaller lots ranging in size from just over 15,000 to almost 18,000 square feet. With approximately 60 to 75 feet elevation, these home sites are in the superior location, also offering some great views of the ocean towards the west and the north: a guaranty for excellent sunset views. Access will be provided from the current dirt road on top of the mountain, just off Makena Road.
The lower lots are four, five, six and seven. These are just about half acre sites, ranging from almost 21,000 to just over 24,000 square feet. Approximate elevations are from 20 to 60 feet. You can see the calculation of the view protection when you are comparing these numbers with the upper lots. These views are mainly oriented towards the south. Entrance for these lower lots is right off Makena Road. Prices for any of the sites have been announced to be around $2,500,000.00.
And here is what else is going with Maui Real Estate in this area: The home on the ocean side of lots one and four sold in September 2008 for $3,240,000.00. By all means not a spectacular home, built in 1998, 3 bedrooms / 3.5 bathrooms, 2,518 square feet on a 14,367 square foot lot. Not spectacular but really cute on the point so close to the water.
Right next to the parking lot of Makena Landing is a brand new Oceanfront home that is listed in the MLS and available for purchase. Asking price is $6,800,000.00. Please go to Wailea/Makena Homes to find all the details. The street address is 5110 Makena Road.