The Fairways at Maui Lani, one of the Wailuku subdivisions embroiled in a lawsuit is being put up for sale.

 The Fairways at Maui Lani - one of two subdivisions at the center of lawsuits over grading laws and site preparation damages - is being put up for sale. The asking price is $13.5 million. The 50-lot subdivision on the Dunes Golf Course was put on the market Tuesday…The listing says the infrastructure for the subdivision including sewer, underground electric, cable, telephone and drainage, will be completed within the next 30 days..

While the grading issues and the lawsuits are peculiar to this development, our guess is it is more fundamental economics that are driving this sale. Tighter lending markets, slower demand for new homes and still high construction costs probably all contributed to this. Our guess? Maui will see more of this over the next year. Well-heeled, cash rich investors who can step in will be the beneficiaries. For more information, contact us.