Fractional Ownership Opportunity We don't remember a time when the inventory levels have been so low for both resort, residential condos, and homes in the under $500,000 price range. That is why, in the last two weeks we have personally seized on opportunities to pick up 3 condos for under $200,000. So, as you might imagine, we are still bullish and expect this market still has some room to move higher; although we have to admit that given the increases in recent months, prices should start leveling off or at least the rate of appreciation should slow.In many resort areas around the country, fractional ownership has become very popular. The idea has not caught on here on Maui yet, but we think it is an idea whose time has come. By fractional ownership, we mean time periods of 2 months or greater. We are not talking about over-priced time share units which can go for $40,000 or more for one week with correspondingly high maintenance fees. Just this week, we put together a group of people who didn't want to buy 100% of a vacation rental condo and worry about having to rent out to cover mortgage payments and also worrying about strangers trashing their new home. Our featured property this week is Kamaole Sands #7-102, which was purchased by the group for $315,000, an excellent price in today's market considering the location and how nicely upgraded the unit is. As of right now, we have 5 partners purchasing all of the months with the exception of May and July. Those months can be bought for approximately $53,000 for both months. This includes partners share plus some monies going into a reserve fund. The amount will most likely be adjusted downwards a bit when we find out exactly how much it will cost to draw up a partnership agreement and how much the closing costs are going to run. If you are interested in participating in this partnership (non-smokers only), then let me know right away...first come first serve. If you like the idea, but this is not the right property for you, let me know as well because we have other persons who like yourself might choose something different...either more or less expensive. If there is enough interest, we will try to put together other groups. So if you miss out on this one, there is a good chance you can get in on the next condo we purchase. |
Did You Miss Your Newsletter? Last week there were approximately 250 persons on my mailing list, mostly AOL subscribers that didn't receive their Newsletter. To make matters worse, we couldn't even send you an e-mail about the problem until Thursday when we finally got the problem resolved. By that time, we decided to wait and inform you by way of the next Newsletter about the problem.In the future, if you don't receive your Newsletter by Monday, then please go to the Archive Library, open it up there and read it. In fact, as we have said before, we are often publishing partial unfinished versions of the Newsletter during the week for those folks who want to get a jump on the very best deals, so check it often.Of course the other reason you may not receive your Newsletter is if you have changed your e-mail, let your mailbox fill up, or your e-mail server goes down. We appreciate your keeping us up to date with your latest contact information. In an effort to update our records, we recently sent you a message from Plaxo asking you to verify or amend your contact information. Most of you responded and we appreciate that greatly. If you haven't, you will be given another chance and we hope you will let us know if our records are correct. Have a wonderful week and enjoy this very special time of the Year. Mahalo Nui Loa,Greg and Ken Smith P.S. Looking for a really good deal on a newer home in Pukalani in the mid $400 price range, then check out this previously featured Hot Buy that has now been reduced to $469,000. |
Homes $1 Million and Over 
250 Amakihi Way
Kaanapali
$1.295 Million (FS) |
| Hawaiian Plantation style charm located within the prestigious Kaanapali Golf Estates Community. Privately positioned at the end of the Amakihi Way cul-de-sac with spectacular ocean and mountain views. Brazilian koa wood floors, cherry wood cabinets, a recently remodeled kitchen with all new appliances and new paint and carpeting throughout are just some of the many advantages of this fine home. | 
5020 Makena Road
Makena
$8.6 Million (FS) |
| Magnificent "Mediterranean-style" home privately nestled high above the crystal blue waters of Makena Bay. Enjoy year-round sunsets and panoramic ocean and outer-island vistas. This three-level home with an interior elevator boasts four bedrooms and five full baths in the main home. Detached guest house has one bedroom and one bath. The open air design accommodates the Maui lifestyle perfectly ... simple elegance. | 
1656 Halama Street
Kihei
$2.275 Million (FS) | | OCEANFRONT!! Large lot, swimming pool, Koi Pond and a cottage with its own entrance. This is the home you have been looking for. Remodeled and upgraded with granite kitchen counter tops. Enjoy Sunsets, whale watching and windsurfing from your back yard. All tile floors, White washed Oak cabinetry. 2 storage areas, double car garage, Incredible oceanfront location. | 
2651 Mo'olio Place
Kihei
$1.1 Million (FS) | | Almost new, all custom, one of a kind property with panoramic ocean and Haleakala views. Dramatic 9.5 - 12 ft ceilings, walls of windows, 8 ft interior doors and maple flooring. Stainless steel appliances, European style cabinetry and granite countertops. Construction is Wailea quality on a 17,300 sq.ft. lot, with huge views, and a 600 sq. ft. cottage. |
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795 Paloma Street
Wailuku
$595K (FS) |
| This gem of a home offers an amazing interior totaling over 3,000 sq.ft. of living space. There's a sunken dining area, family room, den, luxury master suite w/ jacuzzi, plus 4 bedrooms and 3.25 baths, immaculately maintained and has views of the ocean & mountain. | 
201 Ku'ualoha Street
Kihei
$439K (FS) | | Here's your chance to own a great home in The Greens at Maui Lani! A fabulous 3 bedroom 2 bathroom home with vaulted ceilings, A/C in living and master bedroom. Great patio area for relaxation while looking at the West Maui Mountains. Conveniently located to everything! |
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Vacation Condos $100 to 400K 
Island Surf #407
Kihei
$205K (FS) |
| Great ocean view from this fourth floor unit on the Auhana Rd. side of the building. Mostly original, stacked washer and dryer new in 2001. Remodeler special, take everything out and make it your dream home. | 
Menehune Shores #225
Kihei
$339K (FS) |
| Beautiful view of sandy beach and Kaho'olawe from this charming unit at Menehune Shores. Bring your creative eye for cosmetic enhancement-as this will be a labor of love for just the right buyer. Enjoy the oceanfront breezes, swaying palms, oceanfront pool and on site Restaurant! Immaculate green lawns all around the complex boast Lanai, Molokini and West Maui Mountain views. Menehune Shores is a popular resort for returning guests year after year! | 
Hale Kaanapali #B-142
Kaanapali
$157K (FS) |
| Great investment opportunity. Here is your chance to own a hotel room at one of Maui's most charming properties located on West Maui's Best Beach. Unit does not have a kitchen, but has refrigerator and microwave oven. |
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Vacation Condos $400 to 800K 
Palms at Wailea #1209
Wailea
$550K (FS) |
| This spacious 1 bedroom 2 bath condo is in one of the best locations at The Palms. Conveniently located close to the pool, this ground floor fully furnished vacation rental condo is ready to go. Nice ocean views. | 
Kaanapali Shores #219
Kaanapali
$555K (FS) |
| The Mahana at Kaanapali offers incredible views of Lanai, Molokai and of course West Maui's beautiful sunsets with Whale watching right out your living room and bedroom windows. Second floor location provides just the right amount of privacy for your lounging in the lanai area. Ocean views and whale watching from your bedroom. |
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Vacation Condos $800K and Over Photos Available Upon RequestKapalua Ridge #11-21/23
Kapalua
$850K (FS) |
| UNDER PRICED READY FOR QUICK SALE!! BEST UNIT CURRENTLY AVAILABLE AT KAPALUA RIDGE WITH OUTSTANDING OCEAN VIEWS. EASY TO VIEW FOR QUALIFIED BUYERS. CLEAN AND READY TO OCCUPY OR PUT IN RENTAL PROGRAM. | 
Polo Beach Club #101
Makena
$1.79 Million (FS) |
| Oceanfront, ground floor, 2 bdr./2 bath unit has not been used as a rental, immaculate condition! Features: Gourmet kitchen, granite counters and backsplash, Gaggenau cooktop, hood, and grill, dishwasher, double Franke sink, water purification system, side by side refrigerator, appliance garage, Koa cabinets. Bathrooms completely updated, master has jacuzzi. The piece has been featured in several magazines. Built in televisions in both bedrooms, central AC, washer and dryer. Sliding doors to private lanai w/ beautiful view. |
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Pictures Available Upon Request660 Luakini Street
Lahaina
$225K (FS) |
| Great opportunity for astute investor to build a rental property in ideal location right in the heart of Lahaina. Presently being used for parking and bringing in $600/month. |
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