The history of permanent real estate in Makena began in the 1980s. Previously, the Makena Beach was used as a camping ground by semi-permanent transients, giving the area the nickname "Hippie Beach." In the 1980s, the Seibu Corporation decided to buy 1,800 acres above the Makena port landing. The company then began to build a series of resort-style developments much like those in Wailea.

Thus, most pieces of real estate in Makena are condominium-based and are used by locals and visitors alike for use in vacations and residencies. Some choose to rent or purchase real estate in the area for the purpose of retiring in their very own slice of paradise. At an elevation of 20 feet, the land surrounding Makena also offers a number of personal oceanfront properties as well as golf courses, commercial real estate, and seaside cottages.

Shopping for Makena Real Estate

If a specific type of real estate is desired, it is a good idea to search through a Makena real estate MLS (multiple listing service). Online listings are often faster than nationally published real estate MLSs. By using an online search, one can look through thousands of listings for particular real estate criteria in a few seconds.

The average price for a single family home (as of February, 2005) is about $2,825,000, while the average price for a condominium unit is around $1,257,796. Land in Makena runs an average of $1,031,875 per unit with a median price of $850,000. Please note that the median price is defined as the price that is midway between the most and least expensive homes sold in an area during a given period of time.