New Record Set on Maui Home Purchase

July 22, 2011

A new record has recently been set for the largest sum of money ever paid for a Maui home. Peter Thiel, a co-founder of PayPal, bought the home for $27 million. Where was this home located? Makena.

As South Maui Real estate specialists, we aren’t surprised that the most valuable home purchase thus far was made in this part of the island, despite the growing interest and development in West Maui areas like Kaanapali and Kapalua. South Maui is beautiful, tranquil and especially calm. If you are interested in the Wailea and Makena homes on the market, browse our website for numerous wonderful listings.

The price range you’ll find in South Maui real estate is broad, so don’t be intimidated by Peter Thiel’s purchase. $27 million may seem like an extraordinary sum, but for a man whose net worth is estimated at $1.5 billion, it’s not at all outlandish. Thiel bought the property from Wyoming rancher Dan Huish before it was even out on the market, and Huish paid $19.2 million for the 4,500 square foot home in 2006.

Thiel’s new home is located on 1.7 acres of beautiful oceanfront Makena land. We hope that if you are looking for the right Maui real estate, you’ll explore our website, and let us know if we can assist you. Our contact information is at the bottom of the page. Mahalo!

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