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Real Estate
The Real Estate Adviser |
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April 21, 2005
The Real Estate Adviser: Local builder reflects on his success on Maui
By TOM KELLY
Special to the Journal
Special to the Journal
WAILEA POINT, Maui, Hawaii — It's been exactly 20 years since Bothell's Clyde A. (Bud) Wagner started clearing 30 prime acres of waterfront property just south of Kihei highlighted by a gorgeous old lava-flow coastline.
Not only have Wailea Point's 130 luxury residences skyrocketed in value, bringing new meaning to a "second-home asset," but most have made millionaires out of their owners, many of whom only had to wait a few years to cash in on their seven-digit equity.
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Previous columns:
- The Real Estate Adivser: Selling? Consider a charitable trust, 04-14-2005
- The Real Estate Adviser: Title insurance case heads to court, 04-07-2005
- The Real Estate Adviser: Real estate IRAs start to catch on, 03-31-2005
- The Real Estate Adviser: Off the beaten track? Check road agreement, 03-24-2005
- The Real Estate Adviser: Reverse mortgages' potential untapped, 03-17-2005
- The Real Estate Adviser: Second-home buyers drive housing boom, 03-10-2005
- The Real Estate Adviser: Home ads: let your video do the talking, 03-03-2005
- The Real Estate Adviser: Renting out your house? New sales rules apply, 02-24-2005