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Makena Beach and Golf Resort Redevelopment

A $230 million redevelopment project in South Maui.
October 30, 2015

Makena Beach and Golf Resort Redevelopment

South Maui Real EstateLately, we've had an abundance of activity in both commercial and residential South Maui real estate. Savvy investors are snapping up properties, developing and redeveloping left and right. The latest example is the redevelopment of the Makena Beach & Golf Resort by Discovery Land Co., which will turn the property into a private oceanfront community and golf club.

This project is impressive in scale, with a $230 million price tag. Home construction is expected to begin early next year, according to the developer. The 310-room hotel that currently occupies the space will be converted into 46 luxury apartment units, but the resort sits on 1,800 acres, so developers don't intend to stop there. The plan also includes a new hotel with 76 rooms and 12 condominium units.

Discovery Land Co. is based in Arizona, and they will be partnering with ATC Makena Holdings, which is comprised of three entities, including New York-based real estate investment firm and fund manager AREA Property Partners, developer Stanford Carr’s Honolulu-based Stanford Carr Development, and Honolulu-based hotel investor and operator Trinity Investments LLC.

Discovery Land Co.'s spokeswoman, Carol Taylor, recently stated that construction had already begun, with one course complete, along with the addition of a new restaurant. She noted that the home building is likely to progress at an accelerated pace after construction begins in early next year. Some lots have already sold or are currently closing, whether construction has begun on them or not.

Of course, when it comes to South Maui real estate, there are many valuable properties available. It's simply a matter of choosing the right one for your needs. As experts in this region, we would be happy to assist you with every step of the process. If you need us, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for October 2015

Makena Beach and Golf Resort Redevelopment

Posted on October 30, 2015
Makena Beach and Golf Resort Redevelopment

Lately, we've had an abundance of activity in both commercial and residential South Maui real estate. Savvy investors are snapping up properties, developing and redeveloping left and right. The latest example is the redevelopment of the Makena Beach & Golf Resort by Discovery Land Co.,… Continue Reading

Makena Parcel Sells to Radio Station Magnate for $7.8 Million

Posted on October 23, 2015
Makena Parcel Sells to Radio Station Magnate for $7.8 Million

A South Maui real estate purchase made headlines recently, when North Dakota-based radio station owner James Ingstad paid $7.8 million for a parcel of land in Makena. If you're not familiar with the area, Makena is located south of Kihei and… Continue Reading

Maui Property Tax Rates

Posted on October 16, 2015
Maui Property Tax Rates

Interested in Maui property tax rates for 2015-2016? It's a common thing to look into if you're a Maui real estate buyer or owner. The tax rate depends on the value of the property, which is assessed at 100% true market value each year based on cost… Continue Reading

Maui Residents Skeptical About Liquefied Natural Gas

Posted on October 09, 2015
Maui Residents Skeptical About Liquefied Natural Gas

Maui residents are least interested in Liquefied natural gas (LNG) among energy source options. That is according to MPower Maui, a project under the Maui Economic Development Board, which facilitated discussions with hundreds of Maui residents regarding energy issues. The reason this matters is… Continue Reading

Planned Expansion of Native Dryland Forest on Maui

Posted on October 02, 2015
Planned Expansion of Native Dryland Forest on Maui

Amidst all the reports of population growth, new real estate developments and general expansion, hearing about a planned native dryland forest expansion is an unusual break. State officials are planning to restore the forest that once blanketed leeward Haleakala. The dryland forest in… Continue Reading

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Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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