Sold MLS: 356733   Asking Price: $1,595,000 Fee Simple Sold Price: $1,425,000 Sold Date: 01/16/2014 District: Olowalu City: Lahaina Street: 267 Luawai St Neighborhood: Olowalu Mauka Beds: 2   Baths: 2 Living Area: 1,000 SF Land Area: 3.25 Acres Features: Ocean View, Across Street from Ocean Garage: 2 Car   Solar PV: None (Solar Size & Cost Calculator) Days on Market Until Sold: 205

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Are you ready to be Wowed? Get ready. This is the best deal on Maui. This is a rare UN-CPR’d lot in the private neighborhood of Olowalu Mauka. There are only 14 lots in this exclusive neighborhood and the views are absolutely fantastic. Panoramic, unobstructed views that must be seen. Seasonal sounds of breaching whales thunder up the mountainside. Pristine coral reefs fringe the blue waters directly in front of you. Hike into Iao Valley directly behind you. This is Maui on steroids. Rugged and surreal yet only 10 minutes to Lahaina town’s famous restaurants not to mention Leoda’s Pie Shop within easy walking distance. The 1,000 square foot cottage plus over 250 square feet of covered lanai PLUS a 2 car garage and office (997 square feet) PLUS an outdoor shower are all fully permitted and architecturally brilliant. Built on slab with 8” walls of REAL stucco (not the common synthetic stucco), cleverly designed to provide an oasis on the lanai, this house is as solid as a rock. 8’ tall/2” thick custom-made doors and 12’ tall ceilings create an expansive, open feeling. Stainless appliances (warrantied for 4 more years), gas stove, granite counter tops, cork and stamped concrete flooring throughout, 4 split-system cooling units keep the electric costs nominal, fully furnished! (minus art and personal items), Rinnai on-demand hot water, 4 water meters (2 potable and 2 non-potable), low HOA dues ($250/month) and I am not done. This property is a steal because the lot has not been divided into a residential condo ( aka CPR/subdivided) and it is one of the only two lots in Olowalu Mauka that remain Un-CPR’d. A new Owner can divide the lot and sell off either this fantastic ocean view cottage on an acre ($999,999? $1.2M??) and keep the other 2 ocean view acres for themselves. OR…keep the cottage on a couple of acres and build a spec house next door on just one acre…OR…create their very own luxury Maui estate on the entire 3.25 acres. The possibilities are as endless as the view. Call your Realtor today!

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