It is not very often that we see REO's (bank owned / 'foreclosure') homes in the Wailea Real Estate market, so the listing of 197 Halau Place is certainly worth noting. The 3 bedroom / 2.5 bathroom certainly needs some work, but with over 3,600 square feet of interior living space, the property has great 'bones' to work with. Other nearby homes start in the high $2M's and go upwards to $6M for the more premium lots, so it is eye catching when seeing the asking price for this home at $2.15M. The location of this particular home is interesting. A corner lot generally offers more privacy and maximizes light, but as one of the entry points into Wailea Golf Estates Phase II, it is bound that at some point there will be more construction equipment/vehicles accessing those currently vacant lots for the eventual build out. Nonetheless, ocean and Haleakala views abound from this fine Wailea home. For those interested in learning more about this property and the surrounding Wailea Golf Estates neighborhood, please contact us below.