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| Issue 388 | August 10th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
Honu Kai Beach House
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Here's the Maui Real Property Tax Rates for July 2010 to June 2011.
The real property tax rates per one thousand dollars of net taxable assessed valuation. The property is classified upon its highest and best use. If you are using your property as your principal residence, don't forget to file for your homeowner's exemption by the end of the year. The homeowner's exemption is $300,000. Therefore, if your house value is assessed at $500,000, with a homeowner's exemption, it would bring the value down to $200,000. At a rate of $2.50 / $1,000 of the assessed value, your property taxes for the entire year would only be $500.00. If you would like to learn more about real property taxes on Maui, click on the following link: Understanding Your Real Property Taxes. Have a wonderful week!
Mahalo Nui Loa,
The Smith Team
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for August 9th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 855 (335) | 211 (29) | 821 (105) | -7 |
| Condos | 1326 (243) | 291 (9) | 1067 (165) | +4 |
| Land | 590 (172) | 26 (9) | 134 (16) | -3 |
| Total | 2771 (750) | 528 (47) | 2022 (286) | -6 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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High atop Maui Meadows with magnificent ocean, West Maui, Lanai, & Maalaea Bay views, this elegantly renovated 3 bd. 3 bath residence is ‘A Must Experience’. Designer renovated, elegantly furmnished & move in ready. This serene, private, eagle’s nest location; a Hawaiian paradise, allows for a lifestyle of peace & privacy on a 21,867 sq. ft. lot. |
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Nestled on an intimate portion of West Maui’s dramatic Kahana coastline and overlooking the secluded cove known as Keoni Nui Bay, this oceanfront estate is the embodiment of Maui island living at its best. Completed in 2005, this exclusive gated two-story estate is best described as contemporary elegance with Balinese influences. |
 106 Lanakila Place Kihei $339.9K (FS) |
Bank Owned. Great value for a house and cottage in North Kihei! This is a 3 bedroom / 2 bath main house and a 2 bedroom / 1 bath cottage that has been converted into 3 separate units.
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Paradise living in South Kihei. Close to Wailea, beaches and shopping. Come enjoy sunsets, ocean views, a salt water pool, outdoor shower area and much more. Split level entry 4 bedroom 3 bath home located on a quiet cul-de-sac. |
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 2942 Aina Lani Drive Pukalani $649K (FS) |
Short Sale. This 3 bedroom 2 bathroom home offers the best views at the Residences at Kulamalu. If you want to host a large gathering of friends, the large 505 sq. ft. covered lanai, offering ocean, valley, and West Maui Mountain views, along with the great open floor plan makes this a great venue for your party.
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Every room offers pastoral green river valley, Ocean, Mountain & North Shore views. Completed in 2003, impeccably crafted, this private, two story, 4 bd. 2.5 ba, 2,628 sq. ft. residence, is the builder’s vision & labor of love. You enter thru double side-lighted leaded glass doors to find 17 ft. high soaring ceilings, a hand-crafted cherry & granite fireplace & clearstory windows that fill the room with light & warmth. |
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Amazing ocean views from this Mahinahina area home with a pool and a detached 2-car garage. Located near Kahana and only a 5-minute walk to Kahana beach, this property is only 5 houses from the ocean. Formally a bed and breakfast called "Blue Horizon" with gross revenues (2006) of $129K. |
Wailea Beach Villas PH209
Wailea $3.295M (FS) |
Wailea Beach Villas is the oceanfront destination - walk to shops, hotels, etc. All at your immediate access. Surprisingly strong 2nd floor ocean views from this large 3 Bedroom 3 Bath plus Den. Great layout, this feels more like a home than a condominium. |
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Short Sale. Great price on this affordable studio, located across the street from Kalepolepo Park and beach. This condo features a pool, hot tub, and tennis court. Maintenance fees include electric, water and grounds.
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Bank Owned. Great opportunity for first time buyer or investor. Property needs little work and to be sold strictly as is.
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Short Sale. Wonderful unit on the golf course.
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