Most people would associate the island of Maui and the area of Wailea with vacation homes and rental spots. However, the fact is that Wailea homes are actually in high demand by people seeking permanent residence. Maui real estate agents are often called on to help clients find their ideal vacation homes or residential neighborhoods in the area of Wailea.

These homes are usually priced within the $900,000 to 1.5 million dollar range. It is likely that the real estate home market in Wailea will continue to grow. This is true for the small, cottage-like homes dotting the oceanfront as well as the more expensive, larger homes. Wailea homes are continually being torn down, reconstructed, and built in new plots of land.

The most popular area of Wailea to purchase homes is in the neighborhood of Maui Meadows. Situated slightly northwest of Wailea, this community of custom designed and built homes is a favorite area for long-term accommodations. It is not uncommon for diplomats, celebrities, artists, and business types to retire on Maui Meadows homes or rent them out to other high-paying individuals.

The Difficulties Involved in Obtaining Wailea Homes

Many times, future Wailea homeowners must sign sworn statements promising that they will use their homes as a principle residence for at least one year. This is to ensure that the homes will be put to good use, and will not unfairly let them sit without inhabitants while others wish to use them full-time. These homes are often purchased after a lottery has been established.