MAUI OCEANFRONT UPDATE

November 14th, 2007

In the last week two oceanfront properties have gone into escrow. 27 Holo Place in Sprecklesville is a 4000 square foot, thoroughly remodeled home with 175 feet of ocean frontage. It was originally listed for $7.95 million, was reduced to $6.5 million and has been on the market for well over a year. 2175 Hana Highway in Haiku, overlooking Maliko Gulch, has also gone into escrow. This five year old house is on 1.35 acres and is immaculate. It had originally been listed for $5.5 million, is now listed for $3.975 million and had also been on the market for well over a year. That leaves just over 50 oceanfront homes for sale on Maui.