Having trouble reading this newsletter? Click here to see it in your browser.
The Smith Team - Two Generations of Satisfied Customers

  Issue 394 September 21st, 2010 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million

Vacation Condo
Over $1M
Vacation Condos Under $1M
Residential Condos Under $1M
Vacant Land


  REO Properties

All Properties
New  Properties

Price Reductions

Short Sales


New Properties
Price Reductions

Market Update

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.

Smith Team Photo on Website.jpg

Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)

Market Watch for September 20th, 2010

 Active Pending Sold Change
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

1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.

Homes Over $1M

40 Hale Alii Place.jpg
40 Hale Alii Place
$1.988M (FS)

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.

45 W Mahi Pua Place.jpg
45 W Mahi Pua Place Ka'anapali
$3.95M (FS)

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.

Homes Under $1M

952 Kahealani.jpg
952 Kahealani Street

$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.

186 Kawailani Circle.jpg
186 Kawailani Circle

$417K (FS)


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.

  Customer Listing Synopsis

2715 L. Kula Road.jpg
2715 L. Kula Road

$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.


320 Kalipo Place.jpg
320 Kalipo Place

$514.9K (FS)


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.

  Agent Listing Synopsis

Vacation Condo Over $1M

Wailea Beach Villas PH410.jpg
Wailea Beach Villas PH410
$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.

              Customer Listing Synopsis

Vacation Condos Under $1M

Kihei Bay Surf 248.jpg
Kihei Bay Surf #248
$119.5K (FS)


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.


Kamaole Sands 4 208.jpg
Kamaole Sands 4-208
$275K (FS)


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


Residential Condos

Kihei Villages 4 102.jpg
  Kihei Villages 4-102
$119.8K (FS)

Bank Owned. Ground floor condo with private yard. Great opportunity for first time buyer or investor. 

             Customer Listing Synopsis

Keonekai Villages 9 201.jpg
Keonekai Villages 9-201
$164.5K (FS)


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.

  Customer Listing Synopsis

Milo Court.jpg
Milo Court #76
$347.99K (FS)

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.

Vacant Land

65 Hulumanu Place.jpg
65 Hulumanu Place
$320K (FS)

A rare and amazing deal. 3.16 acre lot at the top of Maluhia bordering conservation land and featuring unobstructed, ocean and mountain views in a gated private, and secluded neighborhood. The owner has done a CPR on this lot and created two lots; a 0.5 acre lot and a 2.66 acre lot.

  Customer Listing Synopsis

If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe

Click here to forward this email to a friend

Coldwell Banker Island Properties
3750 Wailea Alanui Drive Suite B-35
Wailea, Hawaii 96753

Read the VerticalResponse marketing policy.

Try Email Marketing with VerticalResponse!