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The Smith Team - Two Generations of Satisfied Customers

  Issue 316 March 24th, 2009 
 
Aloha ,

In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condos Over $1M
Vacation Condos Under $1M
Residential Condos
Vacant Land

 

 

Market Update

This past week, we finally had good news on several fronts.

The Federal Reserve announced buyback of up to $700 Billion in Mortgage Backed Securities which resulted in interest rates dropping below 5% again. 

If you are thinking of refinancing, do it now!  These kind of rates won't last forever.  Let us know if we can help.

Yesterday, Tim Gaithner laid out a plan to buy up the toxic assets on banks balance sheets which will free them up to lend.  The stock market really liked this news rallying almost 500 points with many bank stocks showing double digit gains. 

The last major piece of good news has to do with the increase in new building permits taken out in February.  This is a leading indicator and the fact that is was up, is an indication that the real estate market may soon be improving.

Let's hope that the good news continues.

Have a great week!

Mahalo Nui Loa,

The Smith Team

P.S. There are still one or two spots open for those who would like to own a 1/6 share of Luxury Condo at Ho'olei.  With super attractive developer financing at 4.5%, you may be able to achieve break even cash flow with only 30% down payment.  Shares are starting at around $300K so cash required will be about $90K plus closing costs.  Let us know if you'd like more details.  Other condos available as well under similar shared ownership plan.

 

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 March 23rd, 2009

 Active Pending Sold Change
Homes 1088 (476) 131 (18) 810 (144) -3
Condos 1744 (349) 94 (7) 677 (172) +3
Land 647 (196) 40 (14) 74 (21) +4
Total 3479(1021) 265 (39) 1561 (337) +4

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

82 Kulamanu Circle.jpg
  82 Kulamanu Circle
Kula
$1.2M (FS)
 

The most fabulous bi-coastal views along with one of the lowest priced homes in Kula on a per square foot basis. This 2 year old Lindsey built home in Jacaranda Grove has over 3100 sq. ft. of living area plus substantial covered and uncovered decks. You’ll love the great room from which you can enjoy the picturesque views and Sunsets year long as well as entertain to your hearts delight.

 

2651 Moolii Place.jpg
2651 Moolio Place
Kihei
$1.675M(FS)

 

Immaculate extraordinary all custom built home at the end of a quiet cul de sac. This is a one of a kind property with incredible panoramic ocean and Haleakala views. Walls of windows allow you to watch the sun rise as well as the sunset. Dramatic 12 foot ceiling downstairs, 9 foot ceiling upstairs give you a tremendous feeling of space.

Customer Listing Synopsis

917 Hogback Rd.jpg
917 Hogback Road
Haiku
$2.2M(FS)

 

Located at approximately 550 ft. elevation on the Haleakala Mountain, this home was designed by renowned Maui Architect Hans Riecke, of Riecke Sunnland Kono Architects Ltd., and built by Paul Beagle. This estate is reminiscent of Old Hawaii and has been featured in the book Under a Maui Roof acknowledging its beautiful architectural design.

Customer Listing Synopsis

220 Ohaoha.jpg
220 Oha Oha Place
Makawao
$2.375M(FS)

 

Privacy, serenity, views, amenities and value. This gated 2 acre estate retreat in coveted Maunaolu Plantation is a standout property at a standout price. The 3,000 + sq. ft. main home and luxurious 1,000 square cottage are just the beginning. Features include lush mature landscaping, an exotic saline pool / waterfall / spa with cave / grotto, a placid courtyard with a koi pond, a putting green, not one but two master suites, etc.

Customer Listing Synopsis

226 Keoawa.jpg
226 Keoawa Street
Kapalua
$12.995M(FS)

 

The lodge at Kapalua is nothing less than extraordinary. This one-of-a-kind estate has over 13,000 interior square feet of pure luxury, extensive use of African Mahogany wood and unusual but exceptional finishes.

Customer Listing Synopsis

Homes Under $1M

201 W Lanai Street.jpg
201 W Lanai Street 
Kahului

$349.9K (FS)
 

Bank owned. Property set up to accommodate large and / or extended family. Needs work.

 

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  580 Kaiapa Place
Haiku

$499.9K (FS)

 

Bank owned. 2 bedroom 1 bath main house and studio plus 1 bath detached cottage. Large tropical tropical serene yard in Peahi, Haiku.

Customer Listing Synopsis

206 Kulamanu Circle.jpg
206 Kulamanu Circle  
Kula

$798K (FS)
 

Panoramic ocean views from this high quality custom home in sought after Kula. The design was well thought out to take full advantage of the bi-coastal expansive views. Three of the four bedrooms have their own private baths allowing many living options. The property has been meticulously maintained and has features like a spacious wrap around lanai, nine foot cathedral ceilings, crown molding, a tiled fireplace, etc.

 

164 Ponana Street.jpg
164 Ponana Street  
Kihei

$829.8K (FS)
 

Bank owned home with pool. Desirable S. Kihei neighborhood near some of Maui's best beaches and Wailea amenities.

 

212 E Ikea Kai Place.jpg
212 E Ikea Kai Place 
Wailea

$999K (FS)
 

Best value in Wailea. It's been a long time since we've seen any sales under $1M in Wailea Kialoa. This spacious, well-built home boasts both ocean and mountain views with an open floor plan and lush tropical landscaping. The flexible floor plan allows for an attached ohana/ in-laws quarters downstairs.

 

Vacation Condos Over $1M

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Makena Surf B-102
Makena
$3.699M (FS)
 

This spacious, remodeled unit sits only steps from an extraordinary sandy beach and offers the famous "Five Island View" along with the accompanying year-round sunsets. The travertine floors lead from the great room directly out to the large lanai with a beautiful heliotrope providing privacy and shade.

 Customer Listing Synopsis

Vacation Condos Under $1M

Kauhale Makai 109.jpg
Kauhale Makai #109
Kihei
$395K (FS)
 

Location! Oceanfront 2 bedroom 2 bath. Preferred ground floor inner courtyard location near pool and Jacuzzi. Nice upgrades and condition. Central air and electric included in monthly maintenance fee.


 

Sands of Kahana 134.jpg
Sands of Kahana #134
Kahana
$699K (FS)
 

2 bd. 2 bath luxury furnished ocean front condo in one of West Maui premier resort destinations. Including over 1,700 sq. ft. of  living area. Hotel like amenities, 24 hr. front desk & security, concierge desk for activities, swimming pools, jacuzzi, tennis courts, mini golf, gym facilities, and awesome views of whales, windsurfers and the Island of Molokai right off your very own lanai.

  Customer Listing Synopsis

Wailea Ekahi 51 E.jpg
Wailea Ekahi 51E
Wailea
$990K (FS)
 

Huge ocean views will dominate your attention the moment you enter this second floor Wailea Ekahi 1 bed 2o bath condo. This is the largest one bedroom floor plan with vaulted ceilings and nearly 1000 square feet of living space not including the extra large lanai.

  Customer Listing Synopsis

Residential Condos

Haleakala Gardens 16E.jpg
Haleakala Gardens 16E
Kihei
$230.5K (FS)
 

Bank owned. Great location in complex. Clean upstairs corner unit. 3 bd. 2 bath 932 sq. ft. of living area. Includes stacked washer/dryer, refrigerator, dishwasher and range. Close to parks and beaches, shopping and dining and schools.

  Customer Listing Synopsis

Iliahi at Kehalani 15C.jpg
  Iliahi at Kehalani 15C
Wailuku
$325K (FS)
 

Short sale. 3 bedroom 2.5 bath two story town home. Come home to cool breezes and fabulous ocean, West Maui and Haleakala views. This home is immaculately kept and was built in 2005. Take advantage of this wonderful place to call home at a great price. Ready to move into. Two parking spaces (one covered) which are both close to this units front door.

  Customer Listing Synopsis

Kai Makani 41 101.jpg
Kai Makani 41-101
Kihei
$433K (FS)
 

Short sale. Nestled opposite one of Maui’s best known beaches, a windsurfers mecca, you’ll find this beautiful unit, built in 2007. This Kai Makani condominium offers privacy against an expansive green belt as a corner position within the complex. Perfectly positioned just moments from the impressive lap pool, Jacuzzi, BBQ, club house and workout room.

  Customer Listing Synopsis

Vacant Land

131 Maikai.jpg
131 Maikai Loa Street
Pukalani
$249K (FS)
 

All useable, cleared, level, mowed lot with water meter installed, so ready to go. Pretty Haleakala view. 2nd story of house should have ocean view. Cottage eligible. No CC&Rs. Surrounded by nice homes. On cul-de-sac street, so very little traffic.

  Customer Listing Synopsis

695 Olinda Road.jpg
695 Olinda Road
Olinda
$795K (FS)
 

This is absolutely the most spectacular 3.57 acres that feels like 10 acres. Just a short easy walk to Seabury Hall. Beautiful ocean views. Perfect lower Olinda climate/temperature.

  Customer Listing Synopsis




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

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