Lahaina Real Estate Blog: Maui Luxury- Most Expensive Home EVER- $27M

Maui Luxury- Most Expensive Home EVER- $27M

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. Maui luxury

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:-))

Mihaela Stoops, REALTOR Broker

Aloha Realty GroupHonolua Bay

180 Dickenson St #217

Lahaina, Hi 96761 

www.ForSaleinLahaina.com                                      www.WestMauiHome.com    

      

Comment balloon 4 commentsMihaela Stoops • July 29 2011 09:24PM

Comments

Mihaela: What a beautiful location. I used to go swimming and snorkeling at Makena a lot. Congratulations on the sale.

Posted by Hella Mitschke Rothwell, Hawaii & California Real Estate Broker ((831) 626-4000) over 7 years ago

WOW NICE................ 

Thanksfor the post.

Posted by The Jeff Rickert Team, Poconos / Harleysville; RSPS (RE/MAX Property Specialists) over 7 years ago

YOU GO, GRRRL.  I would help you out but not having a license in Hawaii, I won't be of much use to you. 

Posted by Suzanne McLaughlin, Sabinske & Associates, Realtor (Sabinske & Associates, Inc. (Albertville, St. Michael)) over 7 years ago

Thank you for your comments. I should have been more clear though: I wish I had this sale, but did not. I wish I could tap into that market. This was actually a dual agency, property was listed before sold and according to the MLS the co=op was 1%, which makes me think that the full commission must have been 2 or maybe 2.5%.  Nancy Callahan with Island Sotheby is the one that sold this property.

Posted by Mihaela Stoops, REALTOR - Broker, Your Maui Real Estate Professional (Aloha Realty Group) over 7 years ago

Participate