221 E Ikea Kai Pl, Wailea/Makena, 96753

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$2,695,000

MLS® #: 405105

THE BIGGEST HOUSE FOR THE LOWEST PRICE ON A LARGE LOT IN ALL WAILEA with a pool/spa. Beautiful floor plan with the living room, dining room, kitchen, two bedrooms and two baths on the main ground floor. Two LARGE bedrooms, two baths and a family room upstairs. VACANT and easy to show. THE PHOTOS ARE TEMPORARY AND do not properly represent the grandeur of this house. SEE IT ON SHORT NOTICE. This is a once in a generation opportunity to take advantage of a large architecturally dramatic home that needs some TLC. Once the house has an upgrade and based on the Kialoa Sold comps (below) this house based on its size, amenities and views is easily worth $4,000,000. The house is owned free and clear and there is NO financial distress. The house requires some repairs and renovations. House is being sold AS IS. The interior square footage according to the recent appraisal is 3,191. Sculpted art deco ceilings, French doors, two story staircase to the upper level with lots of glass. Large family room upstairs with wet bar, maple wood floors, opening onto a covered lanai through French doors with beautiful sweeping ocean, West Maui, Lanai, Kooholave, Molokini and Ulupalakua upcountry views. The primary suite with a large full bath offers the same views as the family room. The professional grade kitchen features two side by side Viking four gas burner stoves with ovens, grills, griddles, granite back splash and designer hood. Huge double door Viking fridge and storage fridge in butlers prep area. The large center island is a gathering spot for entertaining with a prep sink and disposal. Viking wine cellar, food warmer, trash compactor (all Viking) Bosch dishwasher and a space for a 2nd dishwasher. This house is perfect for a large family. Sky lights in the downstairs bath and laundry room. Huge garage with tons of storage. Situated high on the lot and in a quiet cul- de- sac. THERE IS NO BETTER VALUE IN ALL OF WAILEA and Kialoa is a fabulous neighborhood. Look at the sold comps and what's for sale in Wailea Kialoa now and you will agree there is no better value in Wailea than 221 E. Ikea Kai. Putting money in this house is the best investment you could ever make. At $2,695,000 the price based on needing work is a bargain. SOLD IN KIALOA: 171 W. Ikea Kai-3,117 SF-$3,725,000 10/27/2023 195 E. Ikea Kai-2,851 SF-$4,000,000. 12/20/2024 173 Heleuma Pl. 3,562 SF-$4,075,000 1/22/2024 210 Heleuma Pl. 3,356 SF-$4,350,000 2/8/2024 207 Heleuma Pl. 4,035 SF-$4,700,000 3/11/2024 182 Heleuma Pl. 3,880 SF- $5,700,000 1/10/2023 182 Heleuma Pl. 3,880 SF- $6,295,000 4/12/2024 195 Heleuma Pl. 3,718 SF-$6,350,000 4/21/2023 + $400K furnishings 195 Heleuma Pl. 3,718 SF-$6,395,000 4/18/2024 +$400k furnishings