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Issue 881 January 21, 2020


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 
Vacant Land 

Bank Owned 

Land (0)
New Properties (0)
Price Reductions (0)

Short Sales
Land (0)
New Properties
Price Reductions (0)

Prime Luxury Direct
Oceanfront Unit

Wailea Point 1504

Wailea Point 1504

Customer Listing Synopsis

Market Update

Year End 2019 YTD vs Year End 2018 YTD

$741,355 (+5%)
Median Sales Price

$1,081,560 (+6%)
Average Sales Price


$515,500 (+3%)
Median Sales Price

$700,943 (-3%)
Average Sales Price

Vacant Land:

$500,000 (+3%)
Median Sales Price

$929,401 (+24%)
Average Sales Price

The Wailea/Makena area ranked in the top 3 districts for total dollar volume for both residential and condominium sales.  It ranked #1 for vacant land.  Kihei ranked #1 for both residential and condominium sales.

Click here for a full report done by Fidelity National Title and Escrow of Hawaii.

Mahalo Nui Loa,

The Smith Team

P.S. - Higher fines for unpermitted vacation rentals are now in effect.  On Dec. 27, 2019, the fine for illegal short-term vacation rentals was raised to $20,000, plus another $10,000 each day the operation continues.  Please do not do illegal vacation rentals.  We are happy to provide you with information from the county regarding short term rental permits.  

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

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463 (291)
197 (45)
1122 (312)
461 (173)
276 (72)
1606 (236)
323 (90)
 41 (17)
167 (24)
1247 (554)
514 (134)
2895 (572)
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

4885 Lower Honoapiilani
4885 Lower Honoapiilani Road
$4M (FS)
This is your opportunity to grab a long time Kam'aiana family estate for well below market assessed value.  Direct ocean front for mesmerizing views.  This large lot of 15,756 sf has tiers of grass below the house to the ocean for the buffer to the ocean and room to enjoy the outdoors while enjoying the ocean views and ocean breezes. This 2 bed, 2 bath home has rich koa wood cabinets, koa siding on the walls, a kitchen with subzero refrigerator, Gaggenau oven, Miele dishwasher and tile throughout. 
880 Pakele Place
880 Pakele Place
$1.9M (FS)
Short sale - This beachfront, privately gated estate on Maui‘s North Shore is blessed with incredible ocean views and unlimited potential.  The main home is single story, 3,700 sq ft with 3 bed, 4.5 bath and boasts a lanai that opens up to your own gorgeous seascape. The estate is graced with its own large oceanside pool and spacious stand-alone 952 sq ft (2 bed/2 bath) cottage.
30 Waikai Street
30 Waikai Street
$1.495M (FS)
A stone-throw away from famous white sand Keawakapu Beach, this private, immaculately maintained, newly remodeled home in gated Wailea Kai, is easy living at its best. The 3-bedroom, 2.5 bath home has dark bamboo floors, mahogany doors and cabinets, granite counters and plantation shutters throughout.

161 Walua Place
161 Walua Place

$1.327M (FS)
Nestled in one of South Kihei’s premier neighborhoods, this custom and spacious home offers a flexible floor-plan for extended family, hosting visitors, or extra income. The expansive great room with vaulted ceilings and abundant windows allow for wonderful natural light, tropical breezes and great views of the lush landscaping. A large and well-designed kitchen with island and separate dining area make entertaining easy. 

Homes Under $1M

952 Olioli Street
952 Olioli Street
$515K (FS)
Investors special! This property is connected to county water and sewer.  There are multiple yards, 2 driveways and areas for storage.  This is a great rental investment property that has a great potential to build you wealth. You can live in one unit and rent out the other.  It does need work and is a fixer upper.

187 Haulani Street
187 Haulani Street
$550K (FS)
This CPR'd home delights with a beautiful vista outside and a fully remodeled chic interior; move in ready. Built in 1989, this 2 bed,1 bath, 700 sq. ft. home looks new with fresh paint, kitchen appliances, waterproof vinyl plank flooring, bath fixtures, windows, and more.  House and deck face the majestic West Maui Mountains, bi-coastal view, sunset and ocean views on clear days you can see islands like Lanai and Molokai. 
138 Niihau Street
138 Niihau Street

$700K (FS) 
Big families, investors, or families looking for extra rental income, don't miss this opportunity. Home is divided into 3 units with separate entrances. This property is fully fenced and in the backyard there are a variety of mango trees.  Some improvements are non-conforming.

131 Polipoli Road
131 Polipoli Road

$840K (FS)
Bank owned - This custom cedar home on 3.2 acres has a commanding view of the Central valley, West Maui mountains, Maalaea Harbor and ocean beyond. A large wrap-around deck and ground floor patio allow plenty of room for any occasion. This is a Lindal cedar style home with a full wall of windows over looking the property and beyond. 


Vacation Condos Over $1M

Kapalua Ridge 1013.15
Kapalua Ridge #1013-14

$1.25M (FS)
All on one level, this remodeled 2 bed, 3 bath unit has great ocean views! Granite counter tops throughout and air conditioned! Close to the main pool and pavilion.  Enjoy all that the magnificent Kapalua Resort has to offer with 2 championship golf courses, exciting restaurants, free shuttle service within the Kapalua Resort, and beautiful sandy beaches.
Wailea Ekahi 11C
Wailea Ekahi #11C
$1.649M (FS)
Wonderfully positioned 2 bed, 2 bath ground floor unit sits right on the main greenbelt, a stone's throw from the main pool, the beach, and the beachfront pavilion!  There is some ocean view from the living area and the main lanai, and the beautiful greenbelt provides a scenic outlook, privacy, and a place to play.  This wonderful unit is situated far from the roads and the associated road noise. 
Wailea Elua 702
Wailea Elua #702

$3.25M (FS)
Located in the oceanfront section of the property just steps from Ulua Beach, you can see and hear the waves crashing while relaxing on your lanai. Amazing ocean views from the living room, dining room, kitchen and bedroom. The $300K+ interior remodel was completed this year and features an open kitchen concept, quartz countertops with complimentary subway tile backsplash, new matte finish appliances, and wood grain vinyl flooring throughout. 

Vacation Condos Under $1M

Valley Isle Resort 1001
Valley Isle Resort #1001

$495K (FS)
Valley Isle Resort is a low density development located on Kahana Bay, half way between Kaanapali and Kapalua resorts, in walking distance to restaurants and stores. Enjoy stunning ocean views from this 10th floor corner unit with extra windows in the living room and a master bedroom facing the ocean.  This unit is currently in a vacation rental program and can accommodate 4 guests.
Hono Kai A-4
$545K (FS)
Rarely available, ground level ocean front unit at Hono Kai resort! Only 10 ft from the golden sand, this condo is on the beach. If you enjoy the sounds of the ocean, the peerless proximity to the waters edge from this unit is hard to believe. Ocean views from every window and one of only two complexes in Maalaea located on sandy beach front that spans all the way to Kihei.
Maui Parkshore 402
Maui Parkshore #402
$699K (FS)
Sweeping ocean views from this 2 bed, 2 bath penthouse-level, turn-key vacation rental condo set the tone for a luxury vacation rental experience.  This heavily booked condo offers almost instant access to stunning Kamaole III Beach one minute from the front door.  It is perfectly positioned on the top floor to enjoy the beautiful views. 

Haleakala Shores A-303
Haleakala Shores A-303
$649.9K (FS)
This 2 bed, 2 bath condo is in great condition with over 1,000 sq. ft. of interior living space.  There is covered parking and a charming pool area at this complex.  Unit comes with a washer/dryer.  Haleakala Shores has one of the best locations for walking with lots of restaurants, shopping and beaches within minutes.
Kamaole Sands 1.107
Kamaole Sands 1-107

$619K (FS)
This is a nicely maintained, heavily booked ground floor unit in the inner courtyard with bbq and pool access as well as easy beach access.  There is a small ocean view from the lanai. It's being offered furnished and includes a built in murphy bed, and pull out sofa, along with a spacious kitchen and dining area.


Residential Condos Over $1M

Coconut Grove 33
Coconut Grove #33
$4.95M (FS)
Coconut Grove #33 offers Maui beachfront living at its finest on beautiful Kapalua Bay which was rated as the Best Beach in America by Conde' Nast Travel Magazine!  Located in the heart of the Kapalua resort, this gated 36-unit low-density residential condominium complex offers upscale island living with privacy and seclusion. Tastefully furnished with island style interior, the spacious interior consists of 3 large spacious bedrooms, 3 baths, powder room and separate laundry room. 
Keala O Wailea 203
Keala O Wailea #203

$1.45M (FS)
This gorgeous 2 bed, 2 bath unit is located on the second floor of the “Molokini Building “ with Molokini and Kahoolawe centered in the view. Keala O Wailea is located adjacent to the Gateway Shopping Center with restaurants in close proximity to the property and other Wailea amenities close by. The home is accessed by an elevator through a beautiful hardwood door to a light tile floor which covers the entry, living and dining areas. Granite counter tops add distinction to the kitchen and baths.


Residential Condos Under $1M

 Wailea Fairway Villas P-202 
Wailea Fairway Villas P-202

In prristine immaculate condition, this 2 bed, 2 bath unit is located on the 11th fairway of the Wailea Blue Golf Course.  Featuring new stainless-steel appliances (Samsung and a LG refrigerator), brand new flooring, carpeted bedrooms, granite countertops, a full-size stacked washer/dryer, and ample storage, split A/C system and vaulted ceilings.  Configured so that the master bedroom also has an ocean view.

Kihei Villages 31.203
Kihei Villages 31-203
This is a rarely available 2 bed, 2 bath unit in Kihei Villages.  Upgrades include new kitchen cabinets, granite countertops, tile flooring throughout, new painted, new window coverings. new water heater, and new A/C unit.  Complex allows pets and unit comes fully furnished. 

Gardens Upcountry 5
Gardens Upcountry #5

The ground level features the living room, open kitchen with island, dining area with custom dining table and half bath. The split level unit features 2 bedrooms on the second level - the first bedroom offers a little lanai with big Central Maui views, it's own full bath and a loft space perfect for a keiki clubhouse or storage. The Master bedroom is spacious, features a full bath with his & her sinks and his & hers walk-in closets.
Vacant Land
Hookili Road
0 Hookili Road Lot B
$325K (FS) 
Build your main house on this 1.257 acre CPR property in the Peahi Hui agricultural subdivision in Haiku. Underground utilities with ocean and mountain views make this both affordable and desirable. Easy access to Hana Highway allows for quick trips to shops, restaurants and beaches of Paia. 

The Smith Team
(808) 572-0866
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753

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