| In this issue we have focused most of our attention on low end residential and vacation rental condos. Although prices have escalated dramatically, rents have increased as well. With the combination of increased rents and low interest rates, one can still find some very good deals on Maui.....at least we think so. Recently we have purchased properties similar to those shown below for own personal inventory at Harbor Lights, Kamoa Views, Southpointe, Kihei Villages, and even one on Kauai at Halelani Village. Perhaps that dream property that you want to buy is not quite attainable for you at this time. If so, consider taking advantage of the super low interest rates and get your foot in the door in the Maui Real estate market at whatever your comfort level is. Whether it is a condo for $120,000 or a multi-million estate, you will get the same excellent service from the Smith Team. Getting into the market will give you the greatest chance of being able to afford your dream home on Maui in years to come. We have had quite a few clients who bought several years ago, who have taken advantage of the build-up in equity in their properties to trade up into more expensive homes and condos. We know from reading your e-mails, that there are hundreds of you out there who plan to retire or semi-retire on Maui in the future. Although we can't say for certain what will happen with prices, we remain confident in the long term aspects of real estate ownership on Maui. We hope you share our optimism. Have a wonderful week and let us know how we can help you realise your dreams. Mahalo Nui Loa,The Smith Team (Greg, Ken, & Dawn)   |
110 Maia Road
Hana
$1.8M (FS) |
| Often overused, the term "estate" could not be better defined than it is with this listing. With a heated pool, a 9 hole golf course, an awesome two-story home, exquisite landscaping and fabulous views, there is literally no other Hana property that even compares. |
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40 Puia Place
Makawao
$765K (FS) |
| Beautiful Maui Uplands 5 bedroom 3.5 bath home with open beam ceilings, wood floors, fireplace and hot tub. Downstairs 2 bedroom 1 bath could be used as a separate guest quarters. Property has mature fruit trees and landscaping. Great income property. Current monthly rent of $3,750. Lease on main house expires 2/28/04. | 
1353 Hiahia Street
Wailuku
$659K (FS) |
| One of the homes in Oceanview estates you don't want to miss. 4 bedrooms/3 baths. Large master bedrooms, walk-in closet , whirlpool tub, split AC, etc. Full ocean view from the deck to your dining area. Income earner downstairs with separate entrance, currently rented for $1,000/mo. plus electricity. | 
907 Haku Place
Napili
$699.9K (FS) |
| This is an incredible opportunity to own a quality Napili home. This 4 bedroom 2.5 bath home is being used as a two bedroom one bath upstairs with hard wood floors, granite counter tops and a great ocean view a two bedroom one and one half bath down stairs with a new kitchen and a great back yard and a legal office space with a kitchenette and full bath. |
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Residential Condos Under $300K 
Kihei Villages #57-104
Kihei
$224.9K (FS) |
| Well located condominium close to ocean and miles of white sandy beaches. Easy access to road for visitors and easy access to highway for dining, shopping etc. 2 bedrooms, 2 parking, ground floor with yard. Good location in complex. Make your offer. | 
Southpointe #13-202
Kihei
$220K (FS) |
| This is a clean, well kept upstairs unit with new counters & flooring in the kitchen. The owners have also installed new ceiling fans in the dining area and bedroom which gives this unit a nice touch. The condo's location is close to visitor parking, so that makes it convenient for guests. |
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Kihei Shores #H-104
Kihei
$205K (FS) |
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Napilihau Villages #8-103
Napili
$290K (FS) |
| Great starter home in the perfect location. Conveniently close to the Napili Market & within a short distance to some of the best swimming bays in West Maui. Ground floor unit has a private yard area and a large Lanai. Walk in closet and open kitchen design, makes this unit one of the best layouts in the complex. | 
Kihei Shores #D-202
Kihei
$205K (FS) |
| 2 bedroom/2 bath in quiet location in the D building. top floor unit. | 
Kihei Shores #G-101
Kihei
$250K (FS) |
| Great location on ground level in G building. Corner unit, only 6 units in the building. Nice floor plan with extra closets. |
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Vacation Condos Under $300K 
Kalama Terrace #L-303
Kihei
$210K (FS) |
| Cute 3rd floor unit with new laminate flooring, kitchen cabinets and more. Although vacation rentals are allowed, this complex has not yet become a really popular destination for tourists. | 
Kihei Garden Estates #204-G
Kihei
$289K (FS) |
| Kitchen upgraded in 2001 with new appliances and cabinets as well as built-in microwave above the stove. Ceramic tile and carpeting were also installed. Short walk to White Sand Beach (less than 100 yards). Shopping Centers, Church, Post Office, Department of Motor Vehicles, and Restaurants. Amenities include a nice pool & Jacuzzi with a BBQ pavilion for entertaining. Short-term vacation rentals are allowed as well as pets (limited to birds, cats and fish). |
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Kihei Akahi #C-105
Kihei
$269K (FS) |
| Great one bedroom in excellent vacation rental complex. |
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0 Kaupakalua Road
Haiku
$545K (FS) | | Behold a beautiful pastoral setting... Five acres of green rolling meadows on Kaupakalua Rd. in the heart of Haiku. Some gentle slope, some valley, and plenty of flat land with ocean view to build your dream home. County 5/8" water meter installed. | 
530 Olinda Road
Olinda
$1.375M |
| Gorgeous estate land in lush, green Olinda, capturing stunning views of West Maui, North and South shores and Haleakala Crater. No finer property offered Upcountry at this time, nor better price. |
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