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52 Papio Way
Haiku, HI 96708
$3,800,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3365
Property Description
Perched on Maui's north shore, 52 Papio Way Unit A offers a daily spectacle of surf checks from its lanai and panoramic views of the ocean and Haleakala. Nestled in one of the driest parts of Haiku overlooking Maliko Bay, the sprawling estate is a water enthusiast's haven, inviting jet ski adventures and downwinders. As you approach, a palm tree-lined driveway a sense of enchantment reveals this private oasis. Pass through the grand Porte-cochère, the elegant entry point to this contemporary craftsman-style home. The 3,365 square feet main house unfolds seamlessly, featuring three distinctive wings for extreme privacy. The primary suite wing serves as a sanctuary for spa-inspired rejuvenation, with sunset views from the deep soaking tub and an outdoor shower surrounded by rock walls. A second wing accommodates two guest rooms with access to the back lanai, while the third reveals a private in-law suite with a separate entrance, ideal for guests seeking autonomy. The chef's kitchen, with bamboo countertops and an oversized island, opens to a courtyard adorned with a large herb garden—a tranquil space for outdoor dining. Secured by a gated entrance, residential CPR Unit A encompasses nearly two acres of flat, level land surrounded by lush landscaping and an orchard paradise boasting over 18 fruit-producing trees. Bordering Maliko Gulch, the property ensures additional privacy for its discerning residents. Maliko Bay Subdivision, the closest neighborhood to Ho'okipa Beach Park, is less than five minutes away from Haiku's amenities. This residence not only embraces the epitome of Maui living but also provides a retreat into tranquility. Immerse yourself in the luxury of this waterman's dream, where indoor and outdoor living converge seamlessly on the north shore of Maui.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2007
MLS Number
400649
Location
Address
52 Papio Way
City
Haiku
State
HI
Zip Code
96708
County
MAUI
Listing
Provider
Name
Compass
Phone
(808) 762-1796
Office Name
Compass
Office Phone
(808) 762-1796
Agent Name
Chelsea Dimin

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.