Overview of Market
The market continues to be quite strong overall (especially the low to middle end), but here and there we are seeing some pockets of weakness. It may be that the sellers were way overpriced to begin with, but are now coming to terms with reality and becoming more motivated to sell. In this issue, we are focusing quite a bit of attention on listings where sellers have reduced their prices. We have tried to bring you listings that not only dropped their asking prices, but also brought them down to market levels or below. We feel that this may be where you will get your best deals. In addition though, we are continuing to bring you the very best buys in new listings. If you see anything that looks interesting to you, please give us a call or drop us an e-mail and we would be happy to send you a list of comparable sales so that you can evaluate the merits better. |
1376 Kakae (Wailuku)
$379,000 (FS) |
| Enjoy unobstructed ocean and mountain views. Great cul-de-sac location. Motivated seller has priced this one for a quick sale. Better hurry on this one before it is gone. New Listing. |  55 Koula St. (Wailuku)
$399,000 (FS) |
| Beautiful 4 bedroom home on quiet cul de sac in central Maui. Like new condition with central air, fenced yard and covered patio. This home is only about 2 years old. Priced to sell. New Listing. |  257 Kuualoha St. (Kahului)$429,000 (FS) |
| Newer home in Maui Lani has ceiling fans in all rooms, family room, tile sunken living room with vaulted ceilings, large open kitchen with wood floors, and much more. Convenient to everything. New Listing. |  Kamehameha Hwy. (Molokai)$850,000 (FS) |
| Two DIRECT OCEANFRONT buildings (1 and 2) each with 2 units. Each building has 2 stories. Each unit has 3 bedrooms, 1 bathroom, approximately 768 sq. ft. Each unit has direct ocean view, facing Lanai, Maui, and Kaho'olawe in between. Great potential on this property! New Listing. |  37 Kahua Kai (Kaanapali)$1.975 Million (FS) |
| Absolutely beautiful location in Kahua Kai subdivision of Kaanapali Golf Estates. Ocean, golf, sunset views. Quality construction throughout: shellstone floors, marble and granite counters, Siematic cabinetry, Sub-Zero refrigerator/freezer with 8 additional drawers throughout. All suites: master, guest ohana and media/entertainment suite. Water feature at entry. Pool and spa. |  45-B Nane Lane (Pukalani)$425,000 (FS) |
| Prime view Residential Condo home with sub meter. 2350 sf with flexible floor plan and gross rentals of $2350/month. Level lot with incredible North Shore views with private location. New Listing. |  10 Ani Street (Kahului)$450,000 (FS) |
| Main house has 3 bdrm / 2.5 baths with extra large master bedroom. Lots of storage, open floor plan and a covered lanai are some added features that make this home attractive. The 2 bdrm / 1 bath cottage will make those mortgage payments more affordable. New Listing.
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 280 Weikiu Pl. (Kaanapali)$1.695 Million (FS) |
| Undoubtedly the finest and most highly decorated, fully furnished home currently available at the Summit in Kaanapali Golf Estates. The panoramic ocean and Island views are magnificent.
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Na Hale O Makena
#F-301
$1.975 Million (FS) |
| Absolutely the best location at Na Hale O Makena. This top floor unit in the "F" building has great ocean and Molokini views. Marble and tile flooring, granite counters, Snaidero kitchen, Gaggenau, and Bosch appliances. The most exciting new project on Maui since Wailea Point. Price just reduced! | 
Lahaina Roads #208
$325,000(FS) |
| This is the nicest unit at the Lahaina Roads, a must see! A great location with a great view. This one just fell out of escrow! | 
Maui Vista #2115
$167,000 (FS) | | Great price for a Maui Vista unit. It is in fantastic condition, completely remodeled and ready for vacation rental. Lovely garden view. New Listing. | 
Masters #711
$749,000 (FS) |
| Outstanding views on the golf course make this any families dream and with 4 bedrooms this is a true commodity. Walk to the beach or take a golf cart to Whalers Village. Resort living in a quiet residential atmosphere. Price just reduced! | 
Palms at Wailea #1704
$529,000 (FS) |
| "Gorgeous" will be your reaction when you see this incredible 1 BR/2BA unit with its great ocean views. Two lanais, upgraded granite in entry & bath, koa laminate kitchen floors, elegant tropical furnishings, and plantation shutters. Price just reduced! | 
Palms at Wailea #1804
$499,000 (FS) |
| Enjoy paradise with a beautiful garden setting from this luxury condominium in Phase I. This very spacious 2 bed. 2 bath "C" floor plan has a tiled front entry and lanai, and newly furnished from Mind's Eye & Moore Interiors. Price just reduced! | 
Wailea Fairway Villas
#K-201
$465,000 (FS) |
| FANTASTIC views over the golf course to the ocean. Upgraded 2 bedroom, 2nd floor, end unit with extra windows in the bedrooms. Dual security system and custom window treatments. Classy wallpaper in bathrooms as well as additional built-ins in the closets. Price just reduced! |
Palms at Wailea #802
$399,000 (FS) |
| Great tropical & ocean views from this lovely unit on the green belt. Very quiet location. The unit is being sold fully furnished and is currently in the Maui Homes and Condo Rental program. Price just reduced! |
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| The best land buys right now are at the Ridge at Kulamanu which I reported on last week. Congratulations to those of you who took advantage of this great opportunity. For those of you who are still interested, you need to contact me right away because out of the 57 lots, there are fewer than half left at this time and the rest are going fast. Prices range from $180,000 to $213,000 for lots that average about 12,000 sq. ft. most of which have terrific views. |
Auto Notification Program We now have about 40 people set-up on the Auto-Notification program, and as one person told us, "This is awesome". Now you don't have to wait to learn what is new on the market, or what has sold or gone into escrow. Simply tell us what you are looking for and we can program up to 3 different searches for you. You have the option to be notified immediately or once a day by e-mail. We would encourage everyone who is seriously looking for real estate on Maui to take advantage of this fabulous program. As much as we try to check out every new listing, there are some we are going to miss and that one could be just the property you've been waiting for. |
A Big Mahalo!
We want to thank everyone who has helped contribute to such a fantastic start for 2003. So far we have either closed or opened over 20 new escrows totaling nearly $18 million and this is only March!We appreciate very much all of your business and referrals. Keep them coming! Mahalo Nui Loa,Ken and Greg Smith |
| P.S. Our goal is to bring you even more great buys each week. In this vein, future issues will be broken down into more categories by price and type to make it easier for you to find exactly what you are looking for. Any feedback you care to offer in terms of how to make this the very best Real Estate Newsletter on Maui would be greatly appreciated. |
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