Maui Real Estate Hawaii Homes, Land and Condos - Ken Smith - The Natural Choice for Maui Real Estate
The Natural Choice for Maui Real Estate

 
“We live in one of the world's most beautiful places. I take my responsibility to help my clients find their own little piece of paradise very seriously.” --Ken Smith

 

 Issue 42 - B

Oct 26, 2003

 
Aloha ,

In this newsletter:
Market Update
Homes $200 to 500K
Homes with Ohanas $400 to 600K
Vacation Condos $400 to 600K
Residential Condos $100 to 200K
Residential Condos $200 to 300K
Residential Condos $400 to 600K

 

 
Kaanapali Hillside Estate

331 Mauli Street
Kaanapali
$1.4 Million (FS)
Click Here for More Information

Market Update

If you are wondering just how strong the real estate market is on Maui right now, we took a snapshot of the listing inventory figures (see table below) which shows the total for each major category type. The total active listings was as of this Monday morning (10/27/03). For Contingent and Pending Listings those totals are for the last 7 days, and the sales are for the past 30 days.

Homes
Condos
Land

Active

424


369

240

Contingent

59


70

19

Pending

184


256

125

Sold


102


159

22

We think the picture of what is happening as shown above should make it pretty clear that at least for the present, low inventories and high demand have been the moving forces in this market. Of course, it doesn't hurt that interest rates are still at near record 30 year lows.

We have a group of about 2 dozen persons so far who are interested in Shared Ownership opportunities. If you'd like to be added to this list, please let us know. Most are looking for 2 month ownerships for around $60,000 to $100,000 (winter months go for a premium).

This sure beats the heck out of timeshare plus you have lots more control with only 4 to 6 owners per unit, and the best part is that you don't have to sweat the rentals. You only pay your prorated portion of taxes, maintenance fees, and reserves. Great concept that has been very popular in mainland resort areas, and we feel it is really going to catch on in the next few years here on Maui.

A good example of what might work well for a group purchase are the Hot Buys listed below for Pacific Shores. Both of these are 2 bedroom condos across from a terrific beach. There is a pool, and they come fully furnished, turnkey, and already upgraded. We may just go ahead and buy these outright ourselves or something similar, and put together the partnership agreement so that we can sell off individual shares with the minimum purchase being 2 months. Let us know if you might have an interest.

Check out some of the hot buys which have been arranged by property type and price range to make it easy for you to zero in on the area that is of most interest to you. If you find something that is of interest to you, please contact us right away.

Mahalo Nui Loa,

Greg and Ken Smith

Homes $200 to 500K


194 Akai Street
Kihei
$384K (FS)

Beautifully landscaped garden & yard. Your own private putting green. Only 7 minutes walk to the beach. Don't miss this affordable 3 bedroom/1.5 bath well maintained house. Enjoy the mature trees & Haleakala views from the large private lanai.


480 Kenolio Road #G
Kihei
$385K (FS)

Where on Maui can you find a home with central air conditioning at this price! The perfectly landscaped fenced yard is perfect for your pets or children. This is a low maintenance home since roofing and exterior maintenance/painting is included in the maintenance fees of $348.31. The fees also include water, sewer, trash removal, structure insurance, basic cable, maintenance and liability insurance for the common areas, and front lawn mowing. Seller will consider all offers!

Photos Available Upon Request

89 Aliilani Place
Kihei
$275K (FS)

Property to be sold in an "AS IS" condition. The house desperately in need of a makeover. All reasonable offers will be considered so make your offer before this property is gone.


325 Puumakani Street
Kahului
$589K (FS)

ABSOLUTELY TURNKEY and don't even bother with a toothbrush, there's a new one in the medicine chest. This Seller follows the more is more philosophy and has lavishly furnished and decorated this charming two story houses with a Victorian flair. Everything stays! More than $60K was spent on rock walls and landscape plants.

Homes with Ohanas $400 to 600K


2823 Puuhoolai Street
Kihei
Price Reduced to $525K (FS)

Don't miss this 3 bedroom 2 bath ocean view home in popular South Kihei neighborhood. There is also a 1 bedroom 1 bath ohana plus non-conforming second rental. Great income property with so much potential. With recent price reduction to $525K, this one is ready to go.

Vacation Condos $400 to 600K


Whaler #215
Kaanapali
$425K (FS)

Prime courtyard location on the sunny side of Tower I. Great ocean view and short stroll to "America's Best Beach". The Whaler is currently in the process of replacing the air conditioner fan coil units. There are 2 payments remaining in the assessment.

Residential Condos $100 to 200K

No Photos Available

Southpointe #4-101
Kihei
$190,000 (FS)

JUST A HOP SKIP & A JUMP TO THE BEACH! SAME GOES FOR THE PARKING STALLS, CLUB HOUSE, MAIL BOX & REFUSE AREA. IMMACULATE "GROUND FLOOR" UNIT W/ AIR CONDITIONING THAT COOLS THE MARBLE FLOORS & BERBER CARPET IN THE CONDO.


Harbor Lights
#A-407, D-219, C-116
Kahului
Prices Just Reduced to $135K, 137K, and $139K
All Fee Simple

Check out the rents on these 2 bedroom condos that go from $1000 to $1200/month. HUD approved for rents as high as $1250/month. Can you find a better deal on Maui...don't think so! Great location near Maui Community College which is converting to a 4 year university and across the street from Kahului Harbor and Queen Kaahamanu Shopping Center. It is also a short 5 minute walk to the Maui Arts & Cultural Center. Same owner might consider a discount for bulk purchase. Make offer!


Kamoa Views #211
Kihei
$199K (FS)

Just a short walk to Charley Young's Beach. Kamoa Views is one of the class acts in Kihei. Central A/C, security, elevators, tiled pool, quality construction, and affordably priced. Don't miss out on this great opportunity. Best guess is that it will go in the high 180's to low 190's but you can always make an offer.

Residential Condos $200 to 300K


Southpointe #25-104
Kihei
$205K (FS)

Ground Floor 2 bedroom, 1.5 bath corner unit in great location of complex. Nicely upgraded. Side by side parking stalls are conveniently near. Given the excellent condition this unit appears to be in and the benefits of a yard, this one won't last long.


Kahului Ikena #114
Kahului
$217.5K (FS)

Wow! 3 bedroom 2 bath condo in the heart of town with a small yard. Convenient location within walking distance to hospital, shopping, Maui Community College, and Wailuku. Seller is motivated. Make best offer.


Iao Parkside #29-106
Wailuku
$229K (FS)

Desirable ground floor, corner unit. Well maintained. Recently carpeted and painted. New vertical blinds and mini-blinds throughout.


Pacific Shores #B-206
Kihei
$239.9K (FS)

Beautiful unit is ready to move in. Totally upgraded with tile flooring throughout. This is a must see unit with some ocean views. Private location, three parking stalls all conveniently located directly across from Kamaole Beach 1 on South Maui's Gold Coast.


Pacific Shores #B-208
Kihei
$265K (FS)

Totally renovated in 2003 from the floors to walls to ceilings (no popcorn). Beautiful tumbled travertine floors, bamboo cabinets, granite counters, Kohler bath fixtures, new split system A/C, fine craftsmanship and attention to every detail, must see to believe! Unit comes complete with furniture per inventory and two parking spaces, ready to move in.

Residential Condos $400 to 600K


Napili Villas #4
Napili
$430K (FS)

Nestled in the heart of beautiful Napili and within short distance to some of the best swimming bays in Maui. This is as close as you can get to the world famous resort of Kapalua. This unit has not been lived in and is in brand new condition. Professionally decorated unit is sold furnished.

 
Office
(808) 879-5233
Residence
(808) 572-0866
Fax
(808) 879-6979
Toll Free
(800) 344-MAUI
E-Mail
Ken Smith

Coldwell Banker Island Properties

Coldwell Banker Island Properties

2463 South Kihei Road, Kihei, Maui, Hawaii 96753

  

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