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Aloha
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In this newsletter:
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Fabulous View
Units
Wailea Point 2502
Wailea
$6.05M (FS)
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An Oahu-Based Construction Company has Bought the Pu'unene Sugar Mill on Maui
PUUNENE (HawaiiNewsNow) - An Oahu-based construction company has bought the Puunene Mill on Maui.
The new owner, Nan Chul Shin, purchased approximately 300 acres from Alexander & Baldwin in Central Maui last Thursday.
Shin also owns Nan Incorporated. The company specializes in large-scale construction and design projects — including the work to relocate utilities for rail.
Nan Inc.’s vice president said they are looking at several potential options for the Central Maui property, which consists of industrial, commercial, agricultural, and residential-zoned lands.
“We are looking at trying to utilize some of the residential area, try to encourage some maybe affordable housing,” said Wyeth Matsubara.
Matsubara said they have not set plans for the property right now but plan to “maximize the best uses of each property zoning.”
When asked if they plan to tear the mill down, Matsubara reiterated they have no firm plans.
“We’re going to probably have to do some substantial demolition of at least the interior machinery that was done for all the production. We’re not going to be in the business of producing sugarcane or having that heavy-duty industrial operation,” Matsubara said.
In a statement, Alexander & Baldwin said the sale “is another step in A & B’s evolution to simplify their core business as a commercial real estate company dedicated to serving Hawaiʻi.”
“A & B’s roots began on Maui 154 years ago and remains an important part of our future investments through our ownership of diverse commercial properties, including neighborhood shopping centers and industrial assets.”
Tom Sewell takes discarded material from the Puunene Mill and turns it into art. He has been working on the property for three years and said he and his artwork need to be out in about a week and a half.
Although he has to relocate, Sewell said he is hopeful the Puunene Mill will have a promising future.
“I visualize this as a great restaurant, bar, coffee shop where people can sit in chairs inside all this equipment,” Sewell said. “A fantastic arts district, spaces for artists, a museum, a gallery.”
Matsubara said per their agreement with A & B, the purchase price is confidential.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
Market Watch
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Active
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Pending
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Sold
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Change
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Homes
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264 (226)
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128 (92)
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758 (505)
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+11 |
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Condos
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451 (253)
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160 (85)
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1003 (368)
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+14 |
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Land
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164 (81)
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28 (2)
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177 (80)
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+3 |
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Total
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879 (560)
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316 (152)
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1938 (953)
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+28 |
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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 the number of active listings from the previous week.
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Homes Over $1M
398 South Puunene Street
Kahului
$1.29M (FS) |
Must see house and cottage in Kahului. The total lot is 8,603 sq ft. The main house has 4 bedrooms and 2 bathrooms, and the cottage has 1 bedroom and 1 bathroom. There are also two studios with separate entrances attached to the cottage, so there are four units total. The front roof is less than 10 years old. The county records do not match the actual floor plan. Investors or multi-families, do not miss out this opportunity.
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185 Waipahe Street
Kihei
$1.398M (FS) |
A beautifully renovated contemporary home in the heart of Central Kihei. Coveniently close to beaches, restaurants, and shopping, here is your own private tropical oasis, surrounded by mature trees in the large backyard. A fire pit, hot tub, and outdoor shower enhance this comfortable retreat. This property is a truly exceptional Kihei offering.
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78 Lower Kimo Drive
Kula
$1.6M (FS) |
Great location in Lower Kula offering wonderful ocean, pasture, and mountain views from a house and cottage on over 3/4 acre. This private paradise has many mature trees including Papaya, Banana, Loquat, and lovely Rainbow Eucalyptus. The 4 bed 3 bath main home has large lanais for entertaining and sunsets. The 500 sqft newly carpeted family room could also be used as a yoga studio.
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1679 Kahakai Street
Kihei
$1.679M (FS) |
This 4 bedroom, 2 bath home has an attached large one bedroom, one bathroom ohana and plenty of parking (currently boat parking). The main home has vaulted ceilings, vinyl plank flooring , crown molding , and 2024 updated bathrooms. Three of the four bedrooms in the main house have exterior doors to enjoy the indoor/outdoor living.
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1780 Kauhikoa Road
Haiku
$3.45M (FS) |
More fun per square foot than any property on Maui. Wake up every day to your own private resort-style oasis featuring a 25'x40' free from saline pool with a jacuzzi, water slide, jumping rocks, sauna, outdoor shower , stone fire pit, and tiki bar. You'll be embraced by a 5 bedroom, 4 bathroom home with an expansive open floorplan and warm redwood interior.
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595 Kupulau Drive
Kihei
$3.9M (FS) |
A luxurious, elegant and whimsical estate located in the prestigious Maui Meadows community. As you enter the property you’ll be greeted by two guardian Komodo dragon statues, symbolizing luck, strength, and new beginnings. The main house exudes Asian flare and is adorned with high-end finishes throughout.
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Homes Under $1M
341 Alani Place
Wailuku
$799.9K (FS) |
Spacious 5 bedroom, 3 bath home in the heart of Wailuku town. Open floorplan, big kitchen, with tile foors, and wood laminate throughout. Ready for your personal touches? The potential is endless. Close to shopping, cafes, and schools.
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1151 Nakui Street
Makawao
$949.9K (FS) |
Steps from Makawao town, location is excellent. This home would make a great primary residence or rental investment property. If you like to garden, this is the perfect climate.
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93A Maluhia Drive
Wailuku
$950K (FS) |
This sweet property is zoned for mixed use in the Wailuku Redevelopment Area so you can live, work, or both here. Zoned for Commercial Use. No HOA fees. Bring your creative vision while viewing this home. Vintage style 3 bedroom, 2 bath home with polished concrete floors give a quaint modern-vintage vibe.
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Vacation Condos Over $1M
Kauhale Makai 135
Kihei
$1.25M (FS)
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Unit presents a calming scene of coastal grasslands blending into a white-sand beach. Remodeled in 2017, this 2 bedroom, 2 bath condominuim is a turnkey ground-floor corner unit with the largest floorplan in the complex and offers direct access to the beach and pool from your patio without the need for stairs or elevators.
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Wailea Ekahi 37-E
Wailea
$1.225M (FS)
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This stunningly remodeled 1 bedroom, 2 bathroom condo, fresh completed in 2023. Every detail of this unit has been meticulously upgraded to offer a truly luxurious living experience. All while being the most affordable condominium unit in Wailea in an oceanfront complex that allows short-term rentals. As you step through the entance, natural light floods the space, illuminating the vaulted ceilings and open-concept kitchen.
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Polo Beach Club 408
Wailea
$4.6M (FS)
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The best possible news for discerning beach lovers. Exquisite Polo Beach Club has come to market. It is like none other. The creative, extensive, and elegant remodel redefines the interior living experience. The open gourtmet kitchen features a granite island with bar seating, superior appliances and mainland acquired custom cabinetry.
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Vacation Condos Under $1M
Kihei Bay Vista B-202
Kihei
$725K (FS) |
A charming condo located in North Kihei, offering a serene getaway within a quiet complex of only 60 units, all 1 bedroom and 1 bathroom. However, this one is unique in that if offers an additional storage loft above. This condo has gone through extensive remodeling and flooring throughout the whole space.
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Valley Isle Resort 501-B
Napili
$750K (FS) |
Experience the ocean views from this fully furnished beachfront condominium. Positioned as a corner unit, the bedroom offers unparalleled vistas at Kahana Beach, perfect for swimming, kayaking, and stand-up paddling. The convenient location provides easy access to the West Maui aiport, restaurants, shopping, and some of the most renowned beaches on Maui.
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Maui Kai 306
Kaanapali
$799K (FS) |
A nicely furnished, turn-key studio apartment that stands out with its generous layout thanks to the beautifully enclosed lanai. Perfectly positioned on the 3rd floor, this gem affords you an intimate closeness to the water along with panoramic ocean vistas that have made the Maui Kai world famous. You and your guest will enjoy watching turtles, dolphins, and humpback whales glide through the ocean from your large fully enclosed lanai.
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Valley Isle Resort 203-B
Napili
$805K (FS) |
Welcome to your own private paradise at this 2 bedroom, 2 bath oceanfront complex in beautiful West Maui. This unit offers the sound of the ocean and tropical garden views, creating serene and relaxing atmosphere. The condo is conveniently located in close proximity to snorkeling, swimming, and delicious dining options, making it the perfect choice for those seeking a true Hawaiian gateway.
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Residential Condos Over $1M
Cottages at Kulamalu 38
Pukalani
$1.149M (FS)
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Spacious 3 bedroom, 2.5 bath standalone townhome. This charming residence boasts a private front yard with low-maintenance landscaping. Prepare to be captivated by the breathtaking views of majestic Haleakala from primary suite, which creates a senere atmosphere.
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Kapalua Ironwoods 11
Kapalua
$5.45M (FS)
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Tastefully remodeled and updated, this 3 bedroom, 4 bathroom unit has a den that can be utilized as the fourth bedroom or home office. With only 10 buildings and 40 units in the heart of Kapalua. The Ironwoods is an exclusive beachfront and golf course gated community that includes tennis and pickleball courts, a pool, a spa, a gym and a club house.
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Residential Condos Under $1M
Kihei Shores J-008
Kihei
$625K (FS)
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This charming 2 bedroom, 2 bathroom unit offers a blend of comfort and convenience, perfect for those seeking a serene beach lifestyle. The allure of Kihei Shores doesn't stop at your doorstep. You're just a short walk from some of the island's most beautiful beaches, renowned restaurants, and the world-famous Maui sunsets that paint the sky each evening.
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 Kihei Cove 202
Kihei
$749K (FS)
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Discover the epitome of Maui living with this charming 2 bedroom, 2 bath condo nestled just steps away from the golden shores of Charley Young Beach. Boasting 714 sq ft of space, this original yet impeccably maintained unit offers endless possibilities for customization. The expansive lanai boasts additional living and entertaining space.
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Napili Villas 7-5
Napili
$899.9K (FS)
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Bank Owned. Napili Villas is located just south of the world-famous Kapalua Resort. Shopping, restaurants, tennis, champion golf, beaches, and the best swimming bays (Kapalua Bay, Napili Bay, Honolua Bay etc.)are within a short distance from this condo complex.
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Vacant Land
814 Honoapiilani Highway Lot 27-A
Olowalu
$899K (FS)
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This CPR'd unit designated for the main house boasts views of the West Maui Mountains, Lana'i and the Pacific Ocean. This 4.4 acre CPR unit is bordered to the south by the Olowalu Stream. The iconic Olowalu General Store and Leoda's pie shop are nearby, as well as incredible outdoor resources like hiking, surfing, mountain biking that make an active lifestyle easy and enjoyable.
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