Record-breaking Makena Home Sale Marks 5-year Anniversary Today

VW ∙ Volker Weiss
VW ∙ Volker Weiss

April 07, 2020

Flashback. It was Tuesday, April 7th, 2015. Time flies when you are having fun! Especially when you are living on Maui. It’s been five years today, since the record- breaking sale of a very special Makena home.

The property was built in 2011 and is located on an over four-acre parcel of land. The recorded sales price shows $41,775,000.00. Nearly six months of unusual showings and negotiations. I am very thankful and will never forget any moment of this time period for the rest of my life!

Hamoa Beach in Hana, Maui.

This is Hamoa Beach in Hana. In my mind, Maui’s best beach. And for many reasons our prime location for a private relaxing escape. It’s Saturday, August 22nd, 2015. Almost five months after the record-breaking sale of the Makena home.

The internet connection is pretty weak out here. But we are able to read today’s report about a quiet sale in Makena in The Maui News. According to the article, it recorded earlier this year and was never listed for sale. Later we learned there was a similar article around the same time in the Honolulu Star Advertiser.

When in Hana, we are staying at a little cottage above Hamoa Beach. Pretty much the view from the above photo. We are having our morning coffee on the lanai, enjoying the sound of the waves, while sharing the stories surrounding the springtime events.

I first sold this lot at the end of April in 2008 for $5,250,000.00. There was no house. It was a parcel of vacant land back then. After a series of events, I came close to listing it for sale in December of 2010. At that time, I did have a signed listing agreement.

But I am sure glad that never happened. The most valuable memory are the hundreds of photos I took from this house in Makena for the previous owners on April 6th, 2015, only 24 hours prior to the recording of the sale. It was no longer fully decorated.

Reality hit when we came back from Hana a few days later. It was interesting to listen to the stories from clients and read the solicitation letters from other real estate agents. Assumptions and ideas, since hardly anyone had ever seen the house or knew about the sale from earlier this year. Dealing with the IRS and the tax consequences was a completely different event. But that’s not part of this story and doesn’t belong here.

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Mahalo from VW.

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