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| Issue 322 | May 5th, 2009 |
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| Aloha ,
In this newsletter:
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Hokulani Golf Villas
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Market UpdateThis week we have featured a home at Hokulani Golf Villas. This is one of the finest golf course communities on Maui. Whether or not you are a golfer, we think you will enjoy the quality and beautiful, picturesque setting these homes offer. Please contact us for a complete list of homes that are available for sale. In recent months we have been telling you about Touchstone Destination Living and how they are putting together groups of buyers to purchase vacation homes. The advantages of this method of shared ownership are obvious, and becoming more and more popular to astute buyers. Now, many property owners who are pinched for cash are seeing this as a way to raise money or reduce debt while still retaining ownership in a property that they may use only very occasionally. "A House Divided" by Amy Gunderson, originally published in the Wall Street Journal on April 3, 2009, tells the benefits and pitfalls of selling off fractional interests. If you might be interested in pursuing this further, either from the sales point of view or purchase, please drop us an e-mail. Have a wonderful week and Happy Cinco de Mayo. Mahalo Nui Loa, The Smith Team P.S. Extraordinary opportunity to buy a luxury condo at Ho'olei either as full or partial ownership with Seller financing as low as 3%.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for May 4th, 2009
| Active | Pending | Sold | Change | |
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| Homes | 1030 (435) | 139 (20) | 758 (127) | -17 |
| Condos | 1606 (311) | 119 (9) | 595 (136) | -47 |
| Land | 609 (174) | 39 (18) | 84 (32) | -22 |
| Total | 3245 (920) | 297 (47) | 1537 (295) | -86 |
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1. The numbers in parentheses reflect the number of listings over $1M |
 30 Kui Place Ka'anapali $1.1M (FS) |
Short sale. "E Komo Mai", welcome to this beautiful Hawaiian style plantation home nestled within the heart of Kaanapali Hillside. Given our excellent lot location, at the end of a quiet cul de sac, you will enjoy living in this very spacious home with beautiful bamboo flooring and excellent ocean views.
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If you are looking for the best deal Upcountry, this is it! The acreage, living area and quality of this home could not be duplicated for the price in picturesque Keokea. From the exterior architecture to the interior details, the home exudes personality and reflects the love and care that went into its creation. |
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 520 Ho'olawa Road Haiku $1.2M (FS) |
Bank owned. Unbelievable "green home" near the ocean on Hoolawa Road. Offered at substantially less than replacement cost. Come and see the value in this quality home with ocean views forever. Vacant and easy to show. Live off the grid with all the comforts of estate quality - Pool, A/C, quality appliances, marble, hard woods and more.
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 25 Nia Place Kahana $1.2M (FS) |
Great rental income for cash flow minded investor/buyer wth solid income of stream of $6500 month. Like buying 4 properties with one price. Main living quarters has 3 bed/1ba with panoramic views of Molokai and Lanai. Downstairs has 2 separate living spaces both with ocean views; a 2 bed/1ba, and a large completely remodeled studio. Finally, check out the newly remodeled 1bed/1ba ohana.
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 183 Welau Way Ka'anapali $1.795M (FS) |
Short sale. The best of indoor outdoor living on Maui can be found at the prestigious Summit in Ka’anapali. This gorgeous, 3 bedroom, 3.5 bath custom home features over 4,500 square feet under roof, a pool with spa and all of the custom finishes and amenities you would expect in an executive home.
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 3031 Kauhale Street Kihei $547K (FS) |
4 bedroom 2 bath home in great South Kihei location ½ block from the Wailea Fire station and just 5 minutes to Keawakapu Beach, Shops at Wailea, and Wailea Kilohana Park. The kitchen has been completely remodeled in 2007 w/ granite counter, Travertine floors, upgraded cabinets, and track lighting.
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Short sale. Impeccably built 4 bedroom, 3 bath masterpiece on a tropical two acre estate. With approx. 3,500 square feet of living space, this is an impressive home; a 1 bedroom, 1 bath living space with a kitchen and separate entrance is included over the garage for family use or for rental income. |
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 3185 Ho'omua Drive Kihei $989.9K (FS) |
Great buy in Maui Meadows with outstanding ocean views from all rooms in the house. The home is set up as a 3 bed 2 bath 1,255 sq. ft. with a permitted 500 sq. ft. addition/accessory and a detached 2 bed 700 sq. ff. ohana. The lot is all useable and gentle sloping with a pool. Large covered lanai out front for relaxing and enjoying the views.
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 515 S Alu Road Wailuku $990K (FS) |
Extraordinary ocean and mountain bi-coastal views from this 4,006 sf home (6 bedrooms/4 baths) in Wailuku Heights. Incredibly elegant home with Travertine entry and bamboo flooring. Wonderful gourmet kitchen with cherry cabinets and granite countertops. The master bathroom has a walk-in-shower, Jacuzzi tub and double bowl sinks. Second level family room offers more views and wet bar.
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Ho'olei B2
Wailea $2.89M (FS) |
Breathtaking views of the West Maui Mountains to Molokini from this beautiful 3 bedroom 3.5 bath town home. Enjoy sunset barbecues from your own ocean view lanai or enjoy dinner in the gourmet kitchen within 2,426 sq. ft. of luxurious interior. This home offers features such as a private elevator, a gourmet kitchen with Wolf and Sub Zero appliances, and Snaidero cabinets. Beautiful designer furnishings, this home is ready to move into or take advantage of the vacation rental possibilities. |
 Kamaole Sands 4-213 Kihei $344K (FS) |
End unit on second floor of building 4 with tiled lanai and a large living room window for extra light. Beautifully upgraded bathrooms and kitchen including professionally interior designed breakfast bar. Upgraded appliances and ceiling fans.
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 Luana Kai D-101 Kihei $389K (FS) |
Great location in this well maintained, heavily rented vacation rental unit. Bottom floor corner unit opens out onto the large grassy lawn that leads to the ocean just passed the tennis courts. Newly resurfaced pool area with barbeques. |
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 Grand Champions #13 Wailea $494K (FS) |
Tropical garden views combined with a peaceful location make this condominium the perfect choice in one of Wailea's most popular golf course complexes. This spacious 2 bedroom 2 bath residence features a relaxed island style interior and a large main lanai that's ideal for outdoor living.
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 Kalama Townhouses #3 Kihei $209K (FS) |
Location, price, value, and FHA Approved. Smith Team just sold unit #1 for $229K on right side of picture. #2 is now pending and #3 on left side of picture will not last long. Kalama Townhouses are 2 stories, 2 bd. 1.5 baths with 130 sq. ft. private lanais. Small adorable six unit complex. High quality fully remodeled unit. Up to 2 pets allowed with prior written HOA approval. |
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 Villas at Kahana Ridge #234 Kahana $499.9K (FS) |
Bank owned. Great opportunity for first time buyer or investor. Property needs a little work and to be sold strictly as is! No sellers disclosure will be provided. |
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 Wailea Fairway Villas D-202 Wailea $749K (FS) |
Wailea Fairway Villas premiere unit #D-202 is the unit you have been waiting for. Not your typical 2 bedroom floor plan, this unit offers the option of a one or two bedroom layout with expansive ocean and golf course views. Prime location in the most sought after building within the complex. |
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 Kai Malu 51B Wailea $885K (FS) |
Short sale. Ever popular "Honua" floorplan, located on the greenbelt. Gorgeous Haleakala views, and an added bonus is the spectacular view of the ocean from the second floor. Immaculate condition. Upgraded refrigerator, extended lanais and kitchen window were added for additional comfort. |
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