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 81

Aug 1, 2004

 
Aloha ,

In this newsletter:
Market Update
Homes Over $1M
Homes Under $1M
Residential Condos Under $300K
Vacation Condos Over $1M
Vacation Condos Under $600K
Vacant Land Over $1 Million
Vacant Land Under $600K

 

 
Maui's Lowest Priced Fee Simple Condo


Harbor Lights #D-413
Kahului
$130K (FS)
Customer Listing Synopsis

Market Update

We have a new listing this week at Harbor Lights (see featured property) which will undoubtedly be sold very soon, so if you are interested, please contact us right away. Remember, we can only represent one buyer on the same property.

In addition to this condo listing, we are going to be listing a rather unusual property on Monday. About 2 miles past Tedeschi Winery in Ulupalakua, there is a 9.27 acre property with 4 partners. One of the partners owns a 5.44% interest which is exactly .5 acres. He has constructed a couple of non-permitted farm dwellings which although funky are very clean and livable so long as you are not expecting the Ritz. Shower and bathroom are outside.

Here is a website that will give you more details. No conventional financing is available for these types of properties; however, the seller will consider some small amount of financing with large down payment of at least 60%. This is certainly not for everyone, but for the right person, this may be as close to heaven as you are going to find on this earth. We visited this property today, and the peace, serenity, tranquility, and unparalleled views are truly awesome and magical.

Because of the remote location and time involved in taking people out there, we require that people read carefully all of the information on the website and the co-tenancy agreement (provided to those who are interested) and have very low expectations about the non-permitted farm dwellings. Property and improvements are being sold "As Is". Any survey, termite, or other inspections will be at buyer's expense. The larger of the two dwellings is tenant occupied on a month to month basis for $1000/month. Asking price is $350,000.

We keep thinking that the market will slow down but so far business has been quite brisk and prices although not escalating as fast as they had been are still holding up quite well and in some cases still rising. The same appears to be true throughout the nation as June set a record for existing home sales. As interest rates have dropped back down below the 6% mark, many buyers who were on the fence are apparently jumping in now before the rates go back up. Read the entire article courtesy of RISMEDIA.

If you are planning on visiting Maui and you are interested in viewing properties, please give us a heads up at least a week or more in advance so we can be prepared to help you.

Have a wonderful week.

Mahalo Nui Loa,

Ken and Greg Smith

P.S. 267 Ainakula Road in Kula is falling out of escrow. You have another chance for what we consider to be a wonderful opportunity for someone looking to build and potentially subdivide into two lots in the near future. The owners are high up on the water meter list, and although there are no guaranties, there is a very good possibility that they will be getting a second water meter in the very near future. Even without another water meter, you can still go ahead and build one more home now. Customer Listing Synopsis.

Smith Team's Best Buys

Homes Over $1M


192 East Ikea Moku Place
Wailea
$2.6M (FS)

This spacious Wailea home sits on a double size lot and was constructed to capture the spectacular ocean view in every room. A few of the many features of this prestigious home include a spa and swimming pool, an etched glass water fountain in the entry foyer, top of the line audio system throughout the house using McIntosh equipment, custom made den furniture, and a 10 foot in diameter dome sky light above a grand piano that opens for star gazing.


535 Kaukini Loop
Kahakuloa
$1.25M (FS)

Absolutely gorgeous custom home designed by architect Hans Riecke. Spectacular ocean & mountain views. Highest quality materials & workmanship throughout; slate entry, eucalyptus wood flooring, granite & Corian counter tops, cherry wood cabinets, blue rock faced fireplace, marble master bath, Jacuzzi, Subzero fridge/freezer, professional gas range & hood, split system a/c, central vac, solar, dish, Bose sound system, Koa bar with twin beverage dispensers, monitored security system and lots, lots more. Professionally landscaped, hundreds of mature hardwood & fruit trees. Sprinkler system, blue rock wall gated entry, completely fenced.


Homes Under $1M


85 Heaaula Place
Haiku
$899K (FS)

Million dollar views and a beautiful house too! Come see this spacious, well built Haiku home with drop dead views. Plenty of room to roam on 2.2 acres and the 5 bed 3 bath home is perfect for the family.


302 Kuualoha Street
Kahului
$659K (FS)

Exceptionally well designed home shows pride of ownership and remarkable craftsmanship throughout. Enter into the foyer through 12 ft. solid koa front door & screen door. Exquisite chandelier & unique lighted Corian staircase, recessed lighting, vaulted & recessed ceilings, central A/C, surround sound system, brass door knobs & fixtures, Corian kitchen counter tops, custom cherry kitchen cabinets, etched glass doors, spacious kitchen pantry, top of the line appliances and fixtures, granite bathroom countertops, marble & Pergo floors, Berber carpets, Jacuzzi, oversize walk-in closet, wood blinds & window shutters, upstairs laundry chute, solar water system, sprinkler irrigation system and any other special features.


610 South Alu Road
Wailuku
$745K (FS)

Priced to sell in "AS IS" condition. Large island and skylight in kitchen. Japanese shoji doors open up the living room to the large room. Lots of storage space. Great views from the covered deck, large room, and dining area. Study can be converted into a 4th bedroom. Additional refrigerator and a stand up freezer to be included.


Residential Condos Under $300K


Kihei Villages III, #40-103
Kihei
$239K (FS)

Cool ground floor apartment with covered lanai and enclosed yard. Two parking stalls, three ceiling fans.


Haleakala Gardens #16F
Kihei
$270K (FS)

Very clean upstairs 2 bedroom 2 bathroom unit. Tenant on month to month, so need some notice for showings. A/C, new washer, dryer and refrigerator. 2-parking stalls 295 & 298.


Vacation Condos Over $1M


Palms at Wailea I, #1404
Wailea
$1.175M (FS)

Here's your opportunity to acquire one of the prime locations in the Palms at Wailea I. Situated at the top of the inner garden area next to the pool. Commanding deep blue ocean views from the huge picture window in the main living area, kitchen, and lanai. Recent upgrades to this "High-C" floor plan with vaulted ceilings include; Berber carpet, tiled entry, kitchen and baths, new drapes and upholstery, quality paint throughout and a brand new refrigerator. One of Outriggers most popular rental units. Exterior pictures of the unit depict proximity to pool, ocean views and top of the inner garden location.


Vacation Condos Under $600K


Koa Resort #5C
Kihei
$239.9K (FS)

Rare offering. 1 bedroom, 1 bath in much sought after Koa Resort. Ground floor across from pool, big lanai., original condition, probate sale.


Maui Sunset #B-218
Kihei
$550K (FS)

A 2 bedroom 2 bathroom, large beachfront unit in Kihei (with Wailea looks). It has ocean views plus views of the West Maui Mountains, plus the breeze from the trade winds. From the lanai, it looks over the beautiful grounds and swimming pool area. It is ideal for vacation rental, long term, or owner occupancy. Maui Sunset has everything you want: fantastic grounds, its own gym, a long beach to walk, kayak, windsurf, and shopping areas nearby. There is also storage for kayaks. Unit is sold with 1 year American Home Shield home warranty.


Luana Kai #D-206
Kihei
$389K (FS)

Awesome is the only word to describe this panoramic oceanfront view from this park like setting unit with the best location. Unit in great condition, furnished as is. Luana Kai has many terrific amenities.

Kihei Bay Surf #135
Kihei
$175K (FS)

Low rise condominium right across S. Kihei Road from the windsurfing beach. Needs TLC but currently one of the lowest priced condos on Maui where you can do vacation rental. Vacant and ready for immediate occupancy.

Vacant Land Over $1 Million


400 Papohaku Ranchlands
Molokai
$2M (FS)

No close neighbors on this 6.22 Acre pristine oceanfront lot with 425 Ft of pure white sand oceanfront located on the North end of Papohaku Beach, the longest white sand beach in the Islands. The North border is on two of the Kaluakoi Golf course holes. Price has just been reduced to $2 Million for quick sale. Don't think you'll find a better deal for beachfront property in all of Hawaii. Molokai is a hidden treasure that has only recently been discovered.


Vacant Land Under $600K


0 Kaupakalua Road
Haiku
$549K (FS)

This 2.527 acres, Lot 1-C-1 has fantastic ocean and mountain views in a new subdivision that is Hana side of 5 Corners. The openness lends itself to various choices for a building site. Being sold with a County water meter.


0 Maalahi Street
Wailuku
$382K (FS)

Spectacular views from coast to coast. Water meter, 2 foot topography map, preliminary plans for a 3,000 sq .ft. home.

 
 
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E-Mail
Ken Smith

Coldwell Banker Island Properties

Coldwell Banker Island Properties

2463 South Kihei Road, Kihei, Maui, Hawaii 96753