Wailea Point 102
Hawaii’s Finest Condominium Residence$14,500,000
The Finest Residence in Hawaii’s Finest Condominium
There is nothing else quite like Wailea Point residence 102, and never can be. The location is 75 feet from the surveyed shoreline and 56 feet above the crashing waves. Views expand way more than 180 degrees and exceed any superlatives. You feel like you “own” magnificent Wailea Beach and the vast ocean beyond, including the West Maui Mountains, Lanai Island, Kahoolawe Island, and the slopes of Haleakala. The residence comprises the entire top floor of Building #1 at Wailea Point. Its singular position and the views are absolutely spellbinding. One of only 6 original “double units” at Wailea Point.
The interior is a showpiece – unsurpassed in quality, workmanship and aesthetics – designed by world renowned Persis Hataria and built by highly acclaimed contractor Shawn Conners in 2012. A lengthy list of outstanding interior features is available and includes a magnificent galley kitchen; “smart” specialty lighting controls; 36” honed Blue Limestone flooring; electrically operated blinds; countertops of marble and onyx; extensive use of imperial plaster on walls and ceilings; surround sound system; water softener & filter; 42” Sub Zero plus Sub Zero refrigerator & freezer drawers … and much, much more.
Simply the finest residence in Hawaii’s finest condominium development
The ceilings in the vast main living area are 24 feet high. New windows were installed in 2021 as per AOAO mandate, but of course the owners went the extra mile and employed the gorgeous “mitered bay windows” to maximize the already amazing views and aesthetics of this property. The unique, all glass doors surrounding both makai lanais are equally stunning – open them fully to “be” part of the heavenly outdoors.
Wailea Point is the finest residential condominium in Hawaii. It features exceptional quality construction; a very low density (under 5 units per acre) garden environment; low-rise buildings; 24-hour gated & roving security; two elaborate pool pavilions with 4 pools (including a 25-meter lap pool), 2 whirlpool spas & full kitchens; lighted tennis court, 2 pickleball courts (1 lighted); superb fitness gym; barbeque areas; fruit & herb gardens; ample parking; and it’s a golf-cart friendly property. Beautifully landscaped and maintained, many Wailea Point residents declare that “I live in a beautiful garden.” Enjoy the Four Seasons and Fairmont Kea Lani Hotels as immediate neighbors and all the 5-star services they offer. Furnishings included except art pieces. Well-run AOAO.
Wailea Point is the finest residential condominium in Hawaii
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Tax Benefits
Here’s why: The sellers intend to make a $10m contribution, out of the proceeds of the sale, to an existing non-profit organization 501c3 (NPO) in order to start an Early Childhood Education program in the City of Whitewater, Wisconsin. The sellers will not be able to use all of the contribution as a tax deduction themselves. So they will make $5m of the contribution available to the Buyer, for them to use for their own tax benefits.
Here’s how: The buyer will pay the agreed, negotiated price (ANP) for the property, less $5m. That $5m will instead be paid to the NPO.
The 4 Scenarios below were prepared by the seller’s income tax accountant. They compute tax savings for various possible conditions of the buyer – various levels of taxable income, married or single, etc. The Federal tax savings apply for any US buyer matching those conditions; the State tax savings shown are for a buyer residing in California, but they could be less depending on the income tax rate of the buyer’s state of residence. Of course, state income tax benefits would be zero if there is no state income tax. Please note also that tax benefits not used in the first year can be carried over to future years…
Importantly, we are not qualified to give income tax advice. The buyer is asked to confirm their income tax savings with their own tax professional. We believe you’ll find that Wailea Point Residence 102 is not just Hawaii’s finest condominium; it also offers a unique, lucrative income tax benefit to the buyer, creating a bargain price as well!
Scenario 1 – married couple with $10M ordinary income and $5M charitable contribution:
Income Tax Savings: Federal $1.844m; State up to $585k; Total $1.844m – 2.429m
Married filing joint
$10M ordinary income / adjusted gross income
$5M charitable contribution
Federal tax without charitable contribution = $3.625M
Federal tax with $5M charitable contribution = $1.781M
Tax savings of $5M charitable contribution = $1.844M
CA resident tax savings = $585k
Scenario 2 – married couple with $15M long-term capital gain (ie. sale of business) and $5M charitable contribution:
Income Tax Savings: Federal $1.0m; State up to $545k; Total $1.0m – 1.545m
Married filing joint
Standard deduction
$15M capital gain / adjusted gross income
$5M charitable contribution
Federal tax without charitable contribution = $3.522M
Federal tax with $5M charitable contribution = $2.522M
Tax savings of $5M charitable contribution = $1M
CA resident tax savings = $545k
Scenario 3 – married couple with $3M ordinary income and $5M charitable contribution:
Income Tax Savings: Federal $1.844m; State up to $585k; Total $1.844m – 2.429m
Married filing joint
Standard deduction
$3M ordinary income / adjusted gross income
$5M charitable contribution
Federal tax without charitable contribution = $1.035M
Federal tax with $5M charitable contribution = $375k
Tax savings of $5M charitable contribution = $660k
CA resident tax savings = $180k
Note: charitable contribution is limited to 60% of adjusted gross income, so only $1.8M of charitable contribution can offset $3M of taxable income. The remaining $3.2M charitable contribution is carried forward to offset future taxable income.
In year 2, an additional $1.8M of the charitable contribution would offset $3M of taxable income and the tax savings would be the same as the first year, assuming similar facts as the original scenario. The remaining $1.4M charitable contribution would roll to year 3.
In year 3, the remaining $1.4M charitable contribution would be utilized, which would save approximately $524k in additional Federal tax, and $168k CA tax, assuming similar facts as the original scenario.
In total:
Federal tax savings = $1.844M
CA tax savings = $528k
Scenario 4 – single taxpayer with $7.5M ordinary income and $5M charitable contribution:
Income Tax Savings: Federal $1.847m; State up to $545k; Total $1.847m – 2.792m
Single
Standard deduction
$7.5M ordinary income / adjusted gross income
$5M charitable contribution
Federal tax without charitable contribution = $2.733M
Federal tax with $5M charitable contribution = $1.069M
Tax savings of $5M charitable contribution = $1.664M
CA resident tax savings = $440k
Note: (total of first and second year savings) charitable contribution is limited to 60% of adjusted gross income, so only $4.5M of charitable contribution can offset $7.5M of taxable income. Remaining $500k charitable contribution is carried forward to offset future taxable income, which would save approximately $183k in additional Federal tax, and $105k CA tax, assuming similar facts as the original scenario.
In total:
Federal tax savings = $1.847M
CA tax savings = 545k
3D Virtual Tour
SPECIFICATIONS
General
- Completely and elegantly remodeled in 2012; Interior Designer Persis Hataria; General Contractor Shawn Conners; most descriptions below indicating “new” are from then
- New windows installed throughout the unit in 2021, including magnificent “mitered” bay windows in main living area – also by Shawn Conners
- Venetian plaster used extensively on walls & ceilings throughout the residence
- “Smart” specialty lighting controls throughout
- Water softening system serving north side of residence
- Filtered water at kitchen and bar
- Custom clear grade western red cedar ceilings in den, TV room and bedrooms
- 5 cabinets outside the front door – 1 for north side A/C fan; 1 for south side A/C fan; 1 for north side water heater; 1 for south side water heater; 1 storage closet
- All doors are solid core koa veneer or koa laminate
- Much of the fine furniture is Roche Bobois; also Janus et Cie, Water Hyacinth, A. Rudin, David Sutherland, Soluzioni Vanni, Cassina, Qunita and other find brands
Entry Foyer
- New, large built-in cabinet with Caesarstone countertop, rubbish & recycle drawers
- Vast vaulted ceiling approx. 24’ high at the peak
- High clerestory windows on all sides of the main room
- New flooring – 36” blue limestone, re-honed in 2021
Kitchen
- Large island with extensive, Eggersman European frameless cabinetry with silver metallic high gloss finish
- Granite countertops
- Bar seating for 4 at the south end of the kitchen counter
- 2 Wolf ovens
- Sodir by Equipex electric griller
- Wolf electric cooktop
- 42” side-by-side Sub Zero refrigerator-freezer with ice and water in the door
- Flat screen Samsung TV facing the work area of the kitchen
- Double stainless steel sink with Insinkerater disposal on one side with new, modern plumbing fixtures & separate faucet for filtered water
- Bosch dishwasher & separate Fisher Paykel dish drawer – both match cabinetry
- Stainless steel chandelier in kitchen
Guest Suite Bedroom
- Raised cove-type ceiling with recessed LED lighting
- A/C vents re-located into the side sloped portions of the ceiling
- 1 layer of sheer window coverings; 2nd layer for “black out” (Levelor)
- New tight-weave wool carpet
- New hardware & lockset on the doors
- Closet doors changed to swinging rather than bypass
- New closet systems in the closets
- Sensor-lighting in the closets
- Speakers in the ceiling – central surround sound system
- Emergency exit hallway added between guest bedroom and exterior entry with recessed LED lighting, stone tile floor and an access panel into the crawl space
- Lanai enclosed & made part of the bedroom interior
- New ceiling fan
Guest Suite Bath
- New onyx counter tops
- New under-mount sinks
- New fixtures, mirrors & cabinetry
- New Smoked Onyx flooring
- New shower with glass enclosure and modern fixtures
- New free-standing tub
- New towel bars
- New decorative hanging lights over sink
- A/C brought into the bath
- New hardware and lockset on the doors
- Raised cove-type ceiling with recessed LED lighting
- New ceiling fan
Laundry
- New stone flooring
- New modern cabinets
- New granite countertops
- Stacked full-size Bosch Axxis washer/dryer
- Opaque glass louvered windows provide daylight
Garage
- 528 gross sq. ft. 2+ car garage (can accommodate 2 full-size cars and golf cart)
- Built-in cabinets
- Wall that accommodates hanging storage
- Pull down stairway into additional attic storage space
- Painted floor
- Wood-louvered windows on north & south side
Resources
- Wailea Point administration is available at low cost & short notice for work orders.
- Contractor Shawn Conners & staff are available on short notice to attend to any construction-related issues; extremely knowledgeable, competent & reliable.
Main Living Area
- Incomparable, vast, continuous living space with ceilings approx. 24’ high at peak; a structural column was removed at great expense to create this unique degree of openness
- Custom glass panel systems at north and south ends of main living area enable dynamic, unsurpassed views of beach/ocean/islands/sunsets; recessed channels for drainage
- Glass panels meet each other with a thin, nearly invisible monofilament membrane
- New flooring – 36” honed blue limestone
- Electrically operated shades throughout the main living area – north, south and west
- Moveable large 99” screen LED TV is easily rolled from the TV room to the center of the living room and reconnected there for larger gatherings
- Two modern ceiling fans
- Central surround sound speaker system
- Bar with sink and modern cabinetry and countertops that match those in the kitchen; frosted glass facings in upper cabinets
- Bar back splash is Lago interlocking mosaic glass
- Bar refrigerator for drinks
- Built-in waste basket drawer
- Sub Zero refrigerator drawer
- Sub Zero freezer drawer
Master Bedroom
- Back lanai is enclosed and made part of the bedroom’s interior
- Raised cove-type ceiling
- 1 layer of sheer window coverings; 2nd layer for “black out” (Levelor)
- New recessed LED lighting
- New A/C inlet vents in sloped portions of cove ceiling
- Modern ceiling fan
- Tight weave wool carpet floor
- New cedar closet door system
- Emergency exit hallway added between guest bedroom and exterior entry with recessed LED lighting, stone tile floor and an access panel into the crawl space
- Built-in Samsung flat screen LED TV on an adjustable mounting bracket
Master Bath
- New sandstone flooring
- New shower with glass enclosure & modern plumbing fixtures
- Large new mirror behind the double sinks
- New cabinetry
- New Breccia Oniciata countertop
- New modern plumbing fixtures
- New LED Lighting
- Large full-length mirror at south end of the master bath
- Toilet room separate, with solid core Koa door and opaque glass for daylight
Guest Bath off Hallway
- New sandstone flooring
- New shower with glass enclosure and modern fixtures
- Shower changed to a glass enclosed shower with modern fixtures; both directly overhead and hand held on a rail; built in seat; built in space for soaps and shampoo; water control can be reached from both inside and outside the shower; window covered to protect it from moisture – the glass cover hardware matches the glass door hardware
- New towel bars
- New granite counter top
- New modern “shell” sink
- New mirror
- New tile & Venetian plaster on walls
- New cabinetry
- New plumbing fixtures
- New door hardware
- New LED lighting
- New decorative hanging lights over the sink
- A/C brought into the bath
- New ceiling fan
Office/3rd Bedroom
- 4 panels of solid core koa pocket doors – exceptionally smooth operation
- New flooring – 36” honed blue limestone
- New bi-fold closet door system with new matching hardware
- New modern a/c inlet vents
- Built-in speakers for the central sound system
- Built-in TV on an adjustable bracket – flat screen Samsung
- New clear grade cedar “cove” ceilings
- New LED lighting
- New ceiling fan
- New cabinetry and polished Caesarstone countertop on two sides of the room
- 2 new computer desks with knee space
- New built-in bookshelves below the TV
- Entry foyer closet is dedicated to stereo and other electronics systems
Den/TV Room
- Electrically operated blinds
- Large 99” flat screen LED Sharp TV – in custom cabinetry
- Small walk-in closet with closet system of drawers, shelves and hangers
- Modern ceiling fan
- LED recessed lighting
- Modern a/c inlet vents
- Built-in speakers for the central sound system
The information contained herein is deemed to be accurate but is not guaranteed. Buyer should perform their own due diligence.
FLOOR PLANS
4000 Wailea Alanui Drive APT 102, Kihei 96753
Total Approximate Gross Floor Area 3, 850 Sq. Ft.
Whilst every attempt has been made to ensure the accuracy of the floor plan contained here, measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission, or misstatement. This plan is for illustrative purposes only and should be used as such by any prospective purchaser.
Wailea Point – Amenities
Wailea Point may be the most private and peaceful of any condominium environment. There is both gated and roving, round-the-clock security patrols. The very design of the property – with just over 4 units per acre – ensures peaceful privacy and tranquility for every residence. The exceptionally maintained property has 2 pavilions for entertaining, 4 swimming pools – including a 25-meter lap pool, hot tubs, an excellent fitness room, and tennis, pickleball and paddle tennis courts. Edible landscaping includes avocados, oranges, tangerines, limes, pomelos, papaya, breadfruit, bananas, and an extensive herb garden. Wailea Point encompasses nearly 30 acres of beautifully manicured grounds. There is perhaps no finer place in the world to take a stroll – or a casual golf car ride. But for many, it’s all about the view. There’s no other like it.
Taste of Wailea/Makena – Restaurants
- Sarento’s On The Beach
- Dining at The Four Seasons: Duo Steak & Seafood, Spago, Ferraro’s Bar E Ristorante
- Dining at The Kea Lani: Ko, Nick’s Fish Market
- Dining at The Grand Wailea: Bistro Molokini, Humuhumunukunukuapua’a
- Dining at The Andaz: Ka’ana Kitchen, Morimoto Maui
Things To Do
- Wailea Golf Courses
- Wailea Tennis Club
- Snorkel or Scuba
- Hiking Trails
- Beaches
- Upcountry