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 93

Oct 24, 2004

 
Aloha ,

In this newsletter:
Market Update
Homes Over $1M
Homes Under $750K
Vacation Condos
Residential Condos
Vacant Land Under $600K

 

 
Stunning Napili Oceanfront Estate


11 Hale Malia Place
Napili
$6.95M (FS)
Customer Listing Synopsis

Market Update

How would you like to earn 7% or more on your real estate investments and not have to hassle with managing properties anymore? We know that many of you are sitting on appreciated properties and don't want to sell and pay the capital gains tax or don't know what you would invest in if you were to do a 1031 Exchange and thus defer paying taxes. Now you can take those low earning assets and management headaches and turn them into a profitable stream of income through a vehicle developed by FOR 1031TM.

The FOR 1031TM program combines the monthly rental income advantage of NNN leased, single tenant property with the appreciation (both in rental income and potential property value) advantages of multi-tenant property. For 1031's replacement properties are well-suited for the 1031 Exchange buyer seeking ownership in property with monthly rental income that increases annually and appreciation potential limited only by market conditions.

You get the advantages of a long-term, triple-net lease without the disadvantages. 20-Year NNNTM Plus Lease provides annual increasing monthly rental income. No non-cancelable, long-term flat-rate leases. Any appreciation is yours. No closing costs. Low minimum purchase amounts.

The FOR 1031 Tenants-in-Common (TIC) structure has various features that make it attractive to real estate buyers such as: Access to higher grade properties; exact dollar matching of TIC interests equal to available cash equity; low minimum ownership amounts; non-recourse financing, generally in place; quick simple closings with no closing costs; diversification strategies; deeded interest; and a Lessee with 25 years experience in real estate.

The NNN Plus Lease is a triple-net lease in which the Lessee completely leases the replacement property, and in addition to rent, taxes, insurance, and maintenance, FOR 1031's proprietary NNN PLUS Lease also pays the debt carrying expenses. The NNN PLUS Lease provides the following benefits for the TIC: Increasing annual rental income; property appreciation limited only by market conditions; and control of your property without many of the day-to-day property management headaches.

If you want to start enjoying the fruits of your labor and the successes you have had in real estate investing, we highly recommend that you check into this unique investment vehicle. For more information, please visit their website and be sure to tell them that you were referred by Ken and Greg Smith from Maui, or better yet, please call us and we will make the appropriate introductions. We would also like to help you with the sale of your properties here on Maui, or refer you to a highly skilled professional Realtor® if your properties are located elsewhere.

Have a wonderful week.

Mahalo Nui Loa,

The Smith Team (Greg, Ken, & Dawn)

P.S. By the way, after carefully checking out For 1031TM, Ken has decided to sell some of his own appreciated income properties on Maui and invest with FOR 1031TM.

Smith Team's Best Buys


Homes Under $1M


210 W. Kuiaha Road
Haiku
$1.295M (FS)

3768 sq. ft. of indoor/outdoor living space comprise this elegant residence. Well conceived and perfectly executed. Enter through electronic gates, phone controlled, up a winding drive to the 3 bedroom, 3 bath home. Gracious steps lead to a filigreed gate giving entry to the courtyard with Koi pond. Most of the home's rooms open to this dramatic space. Tile roof, slate floors and polished cedar ceilings throughout establish contemporary yet timeless style set off by serene vistas. Total of 3768 sq.ft. of living area with 2400 sq.ft. enclosed. Property currently has 1/2 acre greenhouse that could be included in the transaction or removed at seller's expense. Part of the greenhouse is a manufactured living area which could be used as an ohana or farm dwelling. There is a kitchen and bath within the greenhouse structure.


1850 Kauhikoa Road
Haiku
$1.697M (FS)

If you are a discriminating buyer who wants a spacious and serene home, and the peace of mind that comes from owning a home where everything was built right and made to last, then this is the home for you. The list of amenities is nearly endless. The property was extensively reconstructed in 2003. Including new interior walls, windows, doors, electrical, plumbing, sound system, Ethernet, security system, a great room from which to enjoy the view of the mountain, Giggle hill and a peak at the ocean. The electronic security gate and perimeter redwood fence, palms and hibiscus hedge give this property a very private feeling.


Homes Under $750K


155 Kuono Place
Makawao
$579.5K (FS)

Charming 3 bed/3 bath home with attached ohana. Remodeled baths, tile, wood floor in kitchen, dining area. Features include sauna, outdoor shower, hot tub & lushly landscaped yard. Immaculate condition, vacant, and easy to show. Completely fenced for privacy. Price has just been reduced for quick sale.


180 Kaupea Street
Makawao
$725K (FS)

A great home in a fantastic neighborhood! This 5 bed/2.5 bath home is spacious and well maintained. With 2,300 sq. ft. living area, the floor plan on this 2-story home allows for many possibilities. A large deck wraps around the house overlooking the mature, well maintained yard and offering views of the ocean and West Maui Mountains.


43 Haku Hale Place
Napili
$599K (FS)

This is a great home in a new, yet well developed neighborhood. The home shows pride of ownership with many upgrades and a comfortable layout. A garden and many fruit trees in the nice yard include avocado, lime and orange. There is a patio area for entertaining or a play area for the kids. Each room includes it's own ceiling fan as well as it's own split system A/C unit. There are double pane windows for privacy and a garage door opener for convenience. New laminate hardwood is one of the upgrades that makes for a great feel and a classy look to your new home in paradise.

Vacation Condos


Kahana Sunset #C-6
Kahana
$799K (FS)

Beautiful sunset views from this refurbished 2 Bed 2 Bath townhouse at the Kahana Sunset Resort. The unit for sale is set back from the beach area across from the pool with an ocean view. The Kahana Sunset is located on Keonenui Bay with a crescent shape white sand beach. Magnificent views of the islands of Molokai and Lanai from the beach area. Heated pool and BBQ areas are also on property.


Kihei Resort #231
Kihei
$349K (FS)

Lowest priced unit in the complex. Make offers, seller motivated. Spacious split level unit with extra sq.ft. in master bedroom(upstairs). County records do not reflect larger square footage. the unit offers marble flooring in the entry way, new carpets throughout and a/c in living room. Located across from resident manager office and pool.

Residential Condos


Southpointe #6-101
Kihei
$265K (FS)

The interior was upgraded with tender loving care, from the crown molding, recessed lighting, new bath cabinets and sinks, real medicine cabinets, down to the baseboard trim, you realize this is home. New Pergo floors, new tile, new wainscot, and beautifully painted throughout. Walk outside into the full size yard to your own shade trees, plumeria, ginger, and night blooming jasmine, and extra storage.


Southpointe #8-205
Kihei
$250K (FS)

Currently the lowest priced 2BR/1.5BA on the market. Motivated seller wants to sell now! Move in today to this neat and clean 2 bedroom 1.5 bath, corner unit in private location at back of property. Upgrades include Berber carpet, newer stove and recently painted. Side by side parking stalls located conveniently near.


Vacant Land Under $600K


0 La'akea Place
Haiku
$535K (FS)

2.7 acres in beautiful La'akea Subdivision off Kauhikoa Road. Very fine homes abound in this project, all with great ocean views. Perfect lot for your clients dream home. Stream crosses one corner of property. Owner willing to finance.


1797 Kaupakalua Road
Haiku
$600K (FS)

This is a beautiful level, fully usable lot with views of the Haiku rolling hills to the West Maui Mountains and the oceans of the North shore. The property is located on the top of Kaupakalua Road, right near Hanzawa's store. It is not part of a subdivision, so there are no CC&R's. The privacy and views are simply wonderful.

 
 
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(808) 879-5233
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(800) 344-MAUI
E-Mail
Ken Smith

Coldwell Banker Island Properties

Coldwell Banker Island Properties

2463 South Kihei Road, Kihei, Maui, Hawaii 96753