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| Issue 394 | September 21st, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Tuscan Villa
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According to Fannie Mae, there are 75 Fannie Mae bank owned properties in the pipeline on Maui. Currently, there are a total of 35 active listings in the MLS. Click here for full list. Interestingly, there is special financing that you are eligible to receive when acquiring a Fannie Mae home. There is HomePath Mortgage Financing where you can put as little as 3% down (besides your own savings, it can also be a gift, grant, or loan from a non-profit organization), available to both owner occupants and investors, no mortgage insurance, no appraisal fees and low competitive interest rates. There is also the HomePath Mortgage Renovation Mortgage Financing that allows you to fund both your purchase and light renovation. Email us if you have any questions and would like a lender recommendation on Maui that specializes in this type of financing.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. We featured the Tuscan Villa this week because it must be sold to satisfy Estate Taxes. So even though the previous owner had over $8 Million in hard costs in to this property, don't be afraid to make an offer.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for September 20th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 849 (319) | 224 (27) | 831 (107) | +13 |
| Condos | 1293 (220) | 254 (7) | 1122 (173) | -12 |
| Land | 604 (167) | 23 (7) | 139 (15) | +4 |
| Total | 2746 (706) | 501 (41) | 2092 (295) | +5 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Short Sale. Spacious 5,071 sq. ft. Wailea Fairway Estates remodeled ocean view golf
course residence situated on 14,451 sq. ft. of land across the street and only steps
to beautiful white sand Wailea Ulua Beach. Amenities include large bedrooms,
expansive living room with high ceilings, wood flooring, family room with wet
bar, office loft, spacious lanais, pool, spa and attached ohana for guests, maid
or entertainment.
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This sprawling single-story floor plan lends itself to both secluded relaxation
and impressive entertaining - a quality and character that blends natural beauty
with modern comfort. It features an expansive family gathering and entertaining
area without sacrificing privacy. A 32-foot disappearing pocket door gives the
home it's open, airy feel, blurring the line between indoors and outdoors.
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 952 Kahealani Street Haiku $244.9K (FS) |
Bank Owned. This plantation style home has been creatively redesigned to be a 3 bedroom, 2 bath house, yet other non-conforming rooms exist. New solar water system. Fenced. Nice 2 car garage.
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Bank Owned. Well maintained 2 story single family home located in North Kihei. Offers a fenced back yard, central ac unit and is located conveniently near shopping, dining, and the beach. |
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 2715 L. Kula Road Kula $478.9K (FS) |
Bank Owned. Beautiful ocean views from this 4 bedroom / 2.5 bath home in lower Kula. The upstairs level consists of 3 bedroom / 1.5 bath and the downstairs level has a 1 bedroom / 1 bath ohana. The open kitchen and living room lead out to a deck area to enjoy the view.
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Bank Owned. Act fast. Peaceful and private 3 bedroom / 2 bath single level home on 2.6 acres in Maui Ranch Estates, Haiku. This is a gated property located at the end of a cul-de-sac. |
Wailea Beach Villas PH410
Wailea $3.595M (FS) |
Oceanfront luxury. This fully furnished 4th floor 2 bedroom and 2 bath Penthouse
unit offers unobstructed ocean and outer island views. Dramatic oversized doors
open to a spacious lanai. Well appointed kitchen designed and built by Studio
Becker. Sub Zero refrigerator, Gaggano cook top, Viking exterior BBQ and more. |
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Bank Owned. This 2nd floor, end unit has the distinction of have a very large double lanai to give you lots of outdoor living. Located at the back of the project away from the road noise. Nice Haleakala views. Electric included in HOA fee.
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Prime South Maui location directly across from Kamaole III Beach Park. Walking distance to a variety of excellent restaurants, shops and close proximity to Wailea Amenities. Come be memorized by the breathtaking beauty of the lush tropical grounds
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 Kihei Villages 4-102 Kihei $119.8K (FS) |
Bank Owned. Ground floor condo with private yard. Great opportunity for first time buyer or investor. |
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Bank Owned. Convenient and comfortable are words for this lovely 2 bd. 1.5 bath condo. Centrally located near Kamaole Beach III, and close to restaurants and shopping, world class golf, tennis, and resorts. |
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Brand new construction to be built. Outstanding value for newly released, duplex
style town home in popular Milo Court at Kehalani community in Wailuku. This
flowing, open floor plan must be seen to be appreciated includes 3 bedrooms and
2.5 baths, spacious covered lanai, 2 car garage and a privately fenced backyard.
It also includes a Modern Kitchen with kitchen island, GE appliances, beautiful cabinets, Master bedroom w/ sizable walk-in
closets, ceramic tile and wall to wall carpeting.
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