Nestled on a prime lot in Wailea, Kai Malu is a gated condo community boasting a stunning location. Surrounded by the Wailea Blue Golf Course on three sides, it offers tranquility and breathtaking views. Directly across the main street, Wailea Alanui Drive, sits the Andaz Hotel, providing convenient access to upscale dining and amenities.
Kai Malu offers a unique living experience. Each of the 75 buildings features two spacious two-story 3-bedroom, 2.5-bathroom homes, creating a sense of a single-family home with the added convenience of condo ownership. These residences range in size from 1,800 to 1,850 square feet, offering ample living space.
The ground floor seamlessly extends outdoors with a large covered patio, perfect for indoor-outdoor living. Some fortunate units boast private pools and hot tubs in their backyards, extending the luxurious living space beyond the patio. Upstairs, all homes feature a private balcony, offering an additional vantage point to enjoy the scenery.
The complex boasts a stunning infinity pool, where residents can enjoy incredible ocean views. Each unit also comes with a private car garage for added convenience.
Over the past 3 years, an average of 6 fee simple condos sold per year in Kai Malu. This small sample size means the graph may not capture the full market picture.
The Kai Malu graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Kai Malu Market Summary (February '25 - January '26 vs February '24 - January '25)
Median Sales Price: $2,750,000 vs $2,687,500 — up 2.33%
Number of Sales: 7 vs 4 — up 75.00%
List-to-Sale Price Ratio: 93.22% vs 99.63% — down 6.43%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
