- Dec
- 17
Kula Executive Home
Newly built 6 bedroom 3 bath executive home with over 4600 sq. ft. of living area on private acre ocean view lot across the street from the Kula Lodge. Unique floor plan may accommodate 2 family living or simply enjoy the spaciousness of this Wailea quality home all for yourself. Partially covered wrap around lanai to enjoy magnificent sunsets that Kula is so famous for. Beautiful formal entry with Travertine tile. Every room comes alive with bright designer colors. Large dining area and gourmet kitchen with S/S appliances and travertine flooring. Elegant grand staircase with gently rising stair adds to the opulence of this magnificent home. A few of the other outstanding features are as follows: granite counters in kitchen and bathrooms, chandeliers in dining and living room, recessed lighting, ceiling fans, thermostatically controlled gas burning pot belly stoves, coffered ceilings in dining and kitchen areas, double oven and built-in microwave, appliance garage, his and her spacious walk-in closets, custom wood plantation style shutters throughout, Central Vac System, and much more.
Mahalo,
The Smith Team
Ken, Gregory P., Jeremy Smith R(S)
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- Nov
- 27
Makena Place #10
A rare breathtaking beauty awaits you in an exclusive community of only 10 homes on 5 acres in Makena. This spacious home, designed by renowned Maui architect Hugh Farrington, offers the full benefits of a residential condominium community, while at the same time providing the owners with the privacy of a detached single family home. Makena Place is gated with a full time resident manager. There is a community tennis court. House #10 is just steps away from a sandy crescent shaped beach for year round swimming and play. True Hawaiian design with attention to detail encompasses 4,000 plus sq. ft. of interior living, 4 bedrooms 4.5 baths. An expansive great room flows outdoors to an oversized lanai with spa and pool making this an unbeatable setting for entertaining or if you wish privacy. From the pool terrace, you take in an endless sweep of the blue Pacific, 5 outer island vistas and guaranteed sunsets year round. An opportunity like this comes only once in a lifetime.
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Just listed. Excellent quiet North Kihei location. Large ocean view ohana eligible home. By far the lowest priced home in Kihei per sq. ft. at time of listing. Good home to fix up and build some sweet equity.
Mahalo,
The Smith Team
Ken, Gregory P. and Jeremy Smith (R)S
Coldwell Banker Island Properties
Shops at Wailea
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Please check out a interesting article from yesterdays Maui News.
Mahalo,
The Smith Team
Ken, Greg, and Jeremy R(S)
WAILEA – Showing little concern about lower room occupancy rates, Hawaii hoteliers raised their rack rates to a record $210 in July.
In Wailea, rates rose three times as fast. The South Maui golf and beach resort complex is on the verge of becoming the first destination resort in the islands to average $500 a night.
Mark Simon, director of marketing at the Four Seasons Wailea, says a loyal clientele of repeat visitors helps explain the extra-strong performance.
Rates were raised 4.6 percent statewide. Maui, which had the highest prices to begin with, raised its rates even more – by 7 percent to $294 a night.
“Over the years, Wailea has built up a loyal following. The Four Seasons, the Grand Wailea and the Kea Lani are very focused on quality,” he said.
It helps that owners have reinvested to keep the hotels – which are approaching 20 years old – sharp, he said.
Wendy Harvey, director of public relations at the Fairmont Kea Lani Resort, said Wailea is “idyllic, very desirable.”
Over the past three years, the Fairmont Kea Lani has often been in the 90-percent occupancy range. Its average prices already are more than $500, although Harvey points out that is not quite an apples-to-apples comparison with other resorts, since the Fairmont is all suites or villas.
The rack rate this year for a “moderate” suite has been $475, with the next larger suites priced at $575.
Wailea, far and away the most expensive resort in the islands, lifted its rates by nearly $60 a night to an average of $489.
No destination resort in Hawaii has ever averaged $500 a night, though individual resort hotels such as the Fairmont have done so.
The statistics are collected by Smith Travel Research for Hospitality Advisors. Its president, Joseph Toy, said: “While down from 2006, Hawaii nonetheless enjoyed a strong 81 percent occupancy, which actually was stronger than expected based on the booking pace a couple of months ago.
“With booking windows so short due to the economic downturn, we will likely continue to see increasing late bookings for travel to Hawaii that has characterized prior soft periods.”
Soft is a relative term. Some general managers consider a hotel is “full” when the occupancy rate is consistently at 80 percent. Being more full than that begins to create operational problems after a time.
Maui’s occupancy rate has not been over 80 percent every month this year, but it has been close. It was 81.8 percent in July, down from 85.1 percent the year before.
Wailea prices may have discouraged a few, as occupancy there fell from 82.1 percent to 75.7 percent.
The Renaissance Wailea Beach Resort, one of the two original Wailea resorts, closed this week for rebuilding, taking 345 rooms off the slate. It will reopen as a 193-room Baccarat “superpremium” resort, but not until 2010.
In West Maui, operators were much more restrained in their price increases: a mere $7 to an average $272. Occupancy there stayed higher, falling only slightly from 88.7 percent to 87.3 percent.
The rest of Maui – made up mostly of Kihei – was in between. Prices were pushed up by $32 (11 percent) to $321. Occupancy declined from 81 percent to 76.2 percent.
Hospitality Advisors reported that occupancy rates declined somewhat faster than prices rose. Room usage was down 5.7 percentage points to 81 percent.
Occupancy took the biggest hit on Oahu, where it dropped 10 points to 81.5 percent. However, July 2006 had been at an extraordinary 91.4 percent, a figure seldom seen since the hectic days of the late 1980s.
Honolulu operators barely raised rates, just $5 a night to $171.
As a result, they took a big hit in overall income. RevPAR (revenue per available room) tumbled $12 to $140.
Maui’s RevPAR, on the other hand, rose $6 to $241.
Kauai bucked all trends by raising rates (by $10 to $216) while also boosting occupancy from 80.6 percent to 86.2 percent. That pumped up RevPAR by $20 a night to $186.
Hawaii County continued to trail the rest. Occupancy fell 1.8 percentage points to 75.4 percent. Room rates rose $7 to $203 and RevPAR was up $2 to $153.
The Kohala Coast has started falling behind. When Smith Travel began breaking out of the top level of resorts, Kohala was second to Wailea, though about $100 a night behind.
In July, it was $200 behind Wailea and, at $298, well behind “other Maui’s” $320.
Although Kohala’s average room rate was more than $25 higher than West Maui’s, West Maui enjoyed higher RevPAR, $237 vs. $225.
West Maui, however, is in transition, with two resort hotels at Kapalua closed. The Kapalua Bay Hotel is being replaced while the Ritz-Carlton Kapalua is undergoing a $95 million renovation that will cut out about 80 rooms.
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- Jul
- 24
Magical Olinda Estate
Mahalo,
Ken,Greg, and Jeremy
The Smith Team
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- Jul
- 23
Short Sale In Kula!
Kula charmer. Short sale special. Lovely home in a beautiful private setting at the bottom of Kulalani Views, a residential condominium composed of 6 detached homes on 3/4 acre. Low monthly maintenance fees of $50.50 cover water, trash, and maintenance of the common elements. Owners have done some very nice improvements since purchasing this property in April 2005. Both the interior and exterior have been recently painted, new floors installed, and the lanai has been enclosed creating a lovely indoor outdoor feeling. There is a sumptuous organic garden to enjoy delicious fresh salads and veggies year round.
Mahalo,
Ken, Greg, and Jeremy
The Smith Team
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- Jun
- 26
Remodeled Haleakala Gardens
See the rest then come see the best. Spectacular remodeled 3 bedroom 2 bath condo in ideal quiet location at back of complex. Features hardwood floors in living room and hallway, tile in kitchen and baths, carpet in bedrooms, granite counters in kitchen & baths, wall air conditioners, vaulted ceilings, and 2 parking spaces directly in front. Spacious open feel with storage in the attic. Close to beaches, shops, resturants, schools and the Post Office.
Mahalo,
Greg, Ken, and Jeremy
The Smith Team
Posted in Real Estate | 2 Comments »
- Jun
- 15
Haiku Retreat Home
Majestic Haiku Retreat must be seen to be appreciated. Classic plantation 3 bd.1 bath home was a labor of love and hard work with over 25 years of landscaping and an incredible 1 bd. 1 bath addition with outrageous charm. The addition has beautiful screened in decks, stained glass windows and Partial Ocean & Mountain views. It also has custom Koa and Mango woodwork from one of Maui’s finest craftsman, and tons of storage with very little wasted space. Behind the property, you will find 2 acres of leased land including a perfectly landscaped plateau that drops off into an amazing valley filled with tropical fruit and avocados. The lease is transferable and adds incredible privacy and usable land to this perfect location off a quiet dead end cul-de-sac in the dry part of Haiku just minutes from Maui’s North shore beaches, stores, and restaurants. This property also has beautiful lava rock pillars, walls and walkways complete with a water feature. Behind the house, there is a bonus storage completely done up for Yoga, Meditation, Art Studio or Office with a fabulous ocean view. Take a walk down your own private trail leading into the valley full of fruit with an awesome grove of delectable Apple Bananas. Offer @ $775,000 (FS)
Mahalo,
The Smith Team
Greg, Ken, and Jeremy
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Is it a good time to buy commercial real estate on Maui? Lack of new development could push commercial resales to new highs. To learn more about this segment of the Maui real estate market please check the link to article from Tuesdays Maui News Paper.
Is development of commercial space too dicey, pricey?
Mahalo,
The Smith Team
Ken, Greg, and Jeremy
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- Apr
- 17
Welcome to our new site!
Welcome to the new MauiSales.com, we hope you enjoy your stay. This is where we will be blogging about Maui Real Estate. Post topics will include tips, advice, featured properties and more!
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Sincerely,
The Smith Team
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