| Well folks, it is the start of a brand New Year and we are very excited about the outlook for the Maui Real Estate Market. We want to thank all of you for your support and encouragement that allowed us to reach our goal of $40 Million in sales in 2003. We especially appreciate all of your referrals. Please keep them coming in 2004. It is hard to imagine that prices will continue to rise at the same rapid rate as in 2003; nevertheless, we anticipate that 2004 is going to be another excellent year for real estate on the Valley Isle. We will, of course, keep you updated weekly and if we should see any change in the trends, we will let you know right away. Whether prices go up, go down, or sideways, one thing we can all agree on is that Maui No Ka Oi which means Maui is the best and that means in the long run, it is hard to imagine any better place to invest. Here is the latest update on the Fractional Ownership opportunity for buying 2 months up to 6 months at Kamaole Sands #7-102. The following periods are still available on a first come first serve basis along with prices.| February 15 to April 15 | | $61,500 | | April 15 to June 15 | | $47,000 | | June 15 to August 15 | | $59,000 |
Minimum purchase is 2 months. These fractional interests will be listed in the MLS shortly after which you will need to add approximately 6% commission to the prices quoted above. Click here to view more photos. If you figure out what your cost would be to own 100% interest, you will understand why Fractional Ownership makes so much sense and why it has become so popular in many resort areas around the country.We do have a list of persons interested in Fractional Ownership for other types of properties, so if Kamaole Sands is not where you would like to own, let us know what your interest might be and we will do our best to hook you up with others of a like mind. We wish you a very Healthy, Happy, and Prosperous New Year. Love and Aloha,Greg and Ken Smith P.S. Congratulations to our new office manager, Dawn Eshelman, who is now the proud Grandmother (1st time) to a baby girl, Sara, delivered on January 3rd. We wish baby, parents, and grandma all the best. Look for more information about Dawn and the new addition in an upcoming Newsletter.
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 3985 Wailea Ekolu Pl. Wailea $2.495 Million (FS) |
| Simply spectacular 4B/4B contemporary one-story home, situated next to Wailea Blue course, offers the utmost in elegant tropical living. High ceilings add to ambiance and pocket doors open to pool and lanai, creating a feeling of indoor/outdoor living. Limestone floors throughout, except for custom wool carpeting in the bedrooms. Home is in beautiful condition. Infinity edge pool overlooks azure pacific beyond. |  1750 Halama Street Kihei $2.5 Million (FS) |
| Prime beachfront home on prestigious Halama Street. Walk down your steps to a private beach, in ground heated pool enclosed in a glass house, & separate 2 bed/ 1 bath ohana. Back up generator system. Permitted seawall, electronic gate, tropical fruit trees, sprinkler system, this property offers so much you really must "sea" the whole package. |  2753 Iolani Street Pukalani $750K (FS) |
| Brand new!!! 4be/3ba custom home just completed! Unobstructed bi-coastal views. Elegant, very clean home with beautiful circular staircase, vaulted ceilings, rounded walls, bay windows, crown molding, custom ceramic tiles and hardwood flooring, Corian countertops, A/C units in all bedrooms. Beautiful rock walls to enhance the new landscaping. |
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Homes w/ Ohanas $400K to $1M  579 Piliwale Road Kula $750K (FS) |
| Views, Views, Views! This is a great property in very desirable Omaopio area. With 2 great older homes and 1 inch water meter the potential is huge. |  420 Nihoa Street Kahului $450K (FS) |
| This property is a GEM in the heart of Kahului! Both houses have been BEAUTIFULLY upgraded/maintained and shows REALLY well! Tenants living in the main house (leased until July of 2004). Cottage is being occupied until June of 2004. |
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Vacation Condos $200K to $1M  Whaler #1069 Kaanapali $775K (FS) |
| World class location on Kaanapali Beach! This large 1 bedroom 2 bath is in an excellent location on the 10th floor courtyard side with spectacular views down on the beach and looking out towards Lanai. It doesn't get much better than this for oceanfront properties in this area. |  Kaanapali Shores #458 Kaanapali $845K (FS) |
| Kaanapali Shores is one of the premiere resort condos on Maui and the location of #458 is about as close to the ocean as you can get. Hurry on this one as it won't last long. |  Paki Maui #215 Honokowai $274.9K (FS) | | Beautiful second floor garden view unit in Aston managed oceanfront Paki Maui. Unit shows owners attention to every detail. Upgraded kitchen and bathroom. Ceramic tile throughout including lanai. Hand painted beautiful scroll work covers the walls. A must see unit rated "A" with Aston it provides good income. |  Kaanapali Shores #903 Kaanapali $793K (FS) |
| One of the BEST locations at Kaanapali Shores. 1 Stack from direct oceanfront, penthouse courtyard facing unit with superior views! |
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Residential Condos $800K to $1.5M  Na Hale O Makena #A-101 Makena $1.45 Million (FS) | | Na Hale O Makena is a fabulous new complex in a highly desirable location. Top quality throughout with stone tiles, Berber carpeting, granite countertops, designer kitchen with Snaidero cherry wood cabinets and quality appliances, central a/c, wonderful pool and spa, gym and an on site manager/concierge. This ground floor condo opens out to a large yard setting while looking across to the ocean. Private from other buildings. Carport with extra storage and gated entry. |  Masters #1206 Kaanapali $998K (FS) |
| This is by far one of the nicest units you have ever seen! Not only is the ocean view phenomenal, this unit has been completely remodeled AND redesigned. Kitchen features cherry cabinets, granite countertops, Grohe faucet, Bosch DW and WD, U-line wine refrigerator and much more. Offered completely furnished. |  Kihei Villages #7-102 Kihei $205K (FS) |
| Great first floor unit located in private and secluded corner of the complex with large yard. Parquet wood floors, designer walls, lighting and ceiling fans and tiled lanai. Many special touches make this unit standout above the rest. |
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