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Seaside estate in Makena sells for $14 million, highest this year

This 5,680-square-foot mansion on 1 acre in Makena sold for $14 million. The sale, which closed Thursday, was the highest priced residential transaction so far this year. -- Living Maui Media / TRAVIS ROWAN photo

A 5,680-square-foot mansion on an acre in Makena sold Thursday for $14 million, the highest priced residential sale so far this year, said the seller’s Realtor.

Hale Imi Ola, which means the house to seek your best life, overlooks Ahihi Bay along Makena Road and includes four bedrooms, gardens, pools with a waterfall and a hot tub, said Mark Waite, Realtor with SoMa Island Living at Elite Pacific Properties, who represented the seller, MMR Makena.

Elite Pacific spokeswoman Chelsea Waite said that the seller is a Maui resident who was raised on the island but did not want to be identified. MMR Makena is the name of the company he set up to own and develop the property.

Ron Jacintho with a Wailuku mailing address is listed as the agent for MMR Makena in state business records.

The buyers are a couple from the East Coast, said Waite. They have been part-time residents on Maui but intend to make the house their permanent and primary home. They are the first individuals to own the home since its development.

County property tax records indicate that the mansion was built in 2015. The county assessed the home $6,376,700 and the total property at $9,676,700 for 2019. The property was purchased in October 2015 for $3.2 million.

“This property is more than just a home — it’s a transformative experience and incredible way to fully immerse oneself in the way of living aloha” said Waite. “It’s a strong symbol of how much the luxury second home market is thriving here in Hawaii, and we expect this trend to continue to grow as the year goes on.”