Smith Team Real Estate Newsletter

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Issue 1185 | December 16th, 2025

Aloha ,

In this newsletter:

Market Update Market Watch Homes
Over $1M Homes
Under $1M Vacation Condos
Over $1M Vacation Condos
Under $1M Residential Condos
Over $1M Residential Condos
Under $1M Vacant Land

Maui Beachfront Living

408059-B35D24C8-6704-49CD-B13E-F836A6EE029F 2

3254 S Kihei Rd
Kihei

$27.000M (FS)

Experience the pinnacle of oceanfront luxury in this stunning, 5 bedroom, 5 bath, plus 2 half bath, 7,244 sq. ft. home estate. This over a half-acre property is located within the ideal stretch of Keawakapu Beach, offering unparalleled access to Maui’s most coveted shoreline a matter of steps from the home’s living room. This architectural triumph blends contemporary elegance and convenience with the island’s natural beauty, creating a private sanctuary of sophistication and rare serenity.

Listing Details
Video Tour

Historic Vote Reshapes Maui’s Housing Future

Aloha!

Maui County Mayor Richard Bissen signed Bill 9 into law Monday, just hours after its 5–3 final passage by the County Council, launching a phased plan to reduce thousands of vacation rentals in apartment-zoned districts. The measure aims to free up long-term housing over the next three to five years, especially for local families and wildfire survivors.

Supporters say Bill 9 is a long-overdue response to Maui’s housing crisis, with economists estimating it could increase long-term housing by about 13%. Opponents warn of economic impacts, lawsuits, and unintended consequences, though county leaders emphasize that thousands of vacation rentals, hotels, timeshares, and B&Bs will continue operating.

As implementation begins, Maui becomes a focal point in a broader debate over housing, tourism, and the future of island communities—one that advocates hope will inspire change beyond Maui.

What’s Next: This remains an ongoing and fluid situation. On Friday, the County Council is scheduled to vote on Councilmember Tom Cook’s proposal to create new H-3 and H-4 zoning districts, as recommended by the Temporary Investigative Group. The proposal applies to specific condominium properties identified in Exhibit 2 of the TIG report and could allow affected condos to apply for rezoning to continue short-term rental use, if adopted after two readings and signed by the Mayor.

If you own a condo on the Minatoya List and are unsure how Bill 9 may impact you, please contact us. Investors considering properties affected by Bill 9 are also encouraged to reach out—we’re happy to help you assess the risks and weigh the pros and cons.

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)

The Smith Team

P.S. Maui Fire Department announces New Year’s Eve fireworks information.

Market Watch

	Active	Pending	Sold	Change
Homes	456 (390)	103 (75)	701 (504)	+7
Condos	899 (336)	99 (30)	680 (200)	-3
Land	195 (73)	22 (6)	155 (48)	+4
Total	1550 (799)	224 (111)	1536 (752)	+8

1. Numbers in parentheses reflect listings over $1M
2. Sold listings are for the previous 12 months
3. Change is the increase/decrease from the previous week

January 2025
February 2025
March 2025
April 2025
May 2025
June 2025
July 2025
August 2025
September2025
October 2025
November2025

Market Statistics

Updated list of all bank-owned and short-sale properties:

Bank-owned
Short sale

Homes Over $1M

407649-7af3a7ad-61d4-4b39-8c3a-25e883a4b33a

104 Kamahao Cir

Wailuku

$1.160M (FS)

Are you looking for a home with plenty of space for family, a work space option and a big yard? Check out this well maintained four bedroom, three bath home in the highly sought after Waikapu Gardens neighborhood. This beautiful home features the kitchen, living, dining, two bedrooms and two full baths upstairs.