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Aloha ,
Market Update
Last week we had a client inquire about the process for applying for a short-term rental permit for a residential home.
According to Section 19.04.040 of the Maui County Code, a short-term rental home is defined as "a residential use in which overnight accommodations are provided to guests for compensation, for periods of less than 180 days, in no more than two detached single-family dwelling units, excluding bed and breakfast homes. Each short-term rental home shall include bedrooms, one kitchen, and living areas. Each lot containing a short-term rental home shall include no more than two detached single-family dwelling units used for short-term rental home use, with no more than a total of six bedrooms for short-term rental home use, as specified within the zoning district provisions of this title".
An interesting fact that I learned is that structures must have been built at least 5 years prior to the date of the application for the short-term rental home permit. Also, that the county has limitations on approving the number of permits per the community plan. For example, the West Maui area is only allowed to have 88 permits versus the Kihei/Makena area that is allowed to have 100 permits (provided there are no more than 5 permitted short-term rental homes in Maui Meadows).
If you are interested in seeing if your property qualifies for short-term rental home use, visit. On this site you will find the short-term rental permit application packet, sign requirements, 500 ft. boundary notification list, home inspection form, and an informational brochure on if your property does qualify for short-term rental use.
Have a wonderful week.
Mahalo Nui Loa,
Melissa for The Smith Team
P.S. - If you enjoy Science Fiction, I highly recommend Orson Scott Card's new novel in the Ender's Game series. It is titled Ender in Exile.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for April 29th , 2013
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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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477 (280)
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260 (38)
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933 (125)
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-8
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Condos
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717 (179)
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322 (24)
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1228 (112)
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-10 |
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Land
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383 (107)
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39 (5)
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182 (22)
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-15
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Total
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1577 (566)
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621 (68)
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2343 (259)
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-30
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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 number of active listings from the previous week.
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Homes Over $1M
319 Mauli Place
Ka'anapali
$1.095M (FS)
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Great family home in Kaanapali Hillside. This spacious 5 bedroom, 3 bath home also has formal dining room and additional room off kitchen great for game room. Huge master bedroom has ocean views, walk-in closet and large adjoining room ideal for office or sitting room. All upstairs bedrooms have ocean views.
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759 Kumulani Drive
Kihei
$1.395M (FS)
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Atop beautiful Maui Meadows lies this magnificent 2 story home with breathtaking ocean and sunset views and from every room on the main floor. When you enter the home your attention is captured by this home’s many charmingly unique features such as vaulted ceilings, large open space, windows throughout, glass sliding doors that open up to a large lanai to enjoy a morning cup of coffee or just dinner with the family and friends.
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Homes Under $1M
561 Ukali Street
Wailuku
$300K (FS)
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Did you ever want to wake up and stroll right out of your beach house and walk along the shoreline before you start your busy day? Here is your chance at enjoying this fun life style at a super affordable price. The main house was just upgraded in 2012 with some plumbing & electric, interior drywall, appliances and fixtures. The detached 2 bedroom cottage has its own fully fenced yard w/ separate water and electric meter.
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21 Laie Iki Place
Makawao
$346.8K (FS)
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Comfy Makawao home, just right for first time buyers or folks looking to downsize. Conveniently located approximately halfway between Makawao and Pukalani towns which are approximately 1 mile away. Backyard is private with decking for outdoor enjoyment. Good size enclosed carport with additional covered "utility" areas, and detached custom storage room. Property is fully fenced with gated driveway.
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58 Aholo Road
Lahaina
$459.9K (FS)
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Bank Owned. Great Lahaina home with flexible floor plan in Puamana Nui. Close to the beach, dining, shopping, and more. Level lot with a fenced yard.
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19 Aea Place
Honokowai
$600K (FS)
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Wonderful family home in the quiet part of Mahinahina. Surrounded by owner occupant homes at the end of a cul-de-sac, this home is perfect for a family or second home. Some ocean views and potential for more if you trim the trees on the property.
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500 Aulii Drive
Pukalani
$915K (FS)
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Short Sale. Hidden gem in desirable Kula 200 neighborhood. Private tri-level home sits at the top of Aulii drive on 3.8 acres of gentle rolling hills and beautiful large trees. The private 2nd entrance from Hoolapa drive gives you access to the upper portion of the parcel where you can build the accessory building permitted for this AG zoned lot.
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Vacation Condos Over $1M
Ho'olei S-1
Wailea
$2.05M (FS)
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Sit back and relax in this spacious 3 bedroom, 3.5 bath beautiful Wailea condominium. Ho’olei S-1 is literally the closest unit to the pool area and is walking distance from the Grand Wailea Resort. The Ho’olei community represents a unique fusion of tropical beauty and island lifestyle unparalleled in South Maui. For those seeking the privacy of an upscale residence with the ease of a condominium, Ho'olei offers the ultimate opportunity. Each home within the neighborhood has a private elevator and attached garage.
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Vacation Condos Under $1M
Kihei Akahi C-513
Kihei
$314.5K (FS)
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This is a well maintained one bedroom / one bath unit located in the C-Building at Kihei Akahi Condominium. Kihei Akahi is located in the heart of South Kihei within close proximity to the three Kamaole beaches. Kamaole Beach Park II is just across the street. Kihei Akahi is also within walking distance to several shops and restaurants.
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Nani Kai Hale #208
Kihei
$379K (FS)
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Clean 1 bed, 2 bath condo located on the second row at Nani Kai Hale. Enjoy great ocean views from your lanai! Beachfront complex with heated pool, BBQ area by the beach, and laundry room. Sugar beach stretches for miles offering lots of options to have fun in paradise.
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Grand Champions #5
Wailea
$650K (FS)
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Welcome to your private paradise in Wailea. Enjoy serene days and nights in this elegantly decorated 2 bedroom retreat located at the edge of the complex.
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Residential Condos
Puuone Terrace #417
Wailuku
$85K (FS)
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Short Sale. North Shore ocean views. Well maintained building. Original Condition Unit. Nice price for a 1B/1B condo with views on Maui.
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Villas at Kenolio 5A
Kihei
$375K (FS)
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Short Sale. The Gardens Upcountry is a small, well maintained, development tucked away in Upcountry Maui. It is conveniently located within walking distance to the bank, restaurants and shopping. This luxury townhouse feels like a home with its soaring ceilings and open, spacious, floor plan with many windows and skylights offering lots of natural light.
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Vacant Land
928 Makawao Avenue
Makawao
$295K (FS)
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Central Makawao location, nice land, mature trees, some ocean view, very old home (93 years), habitable (tenant occupied). Could leave as-is and enjoy the rental income ($800/month), fix up old home or tear down and build new home. Homes can be built in a year or less. Mature trees take decades to grow and this property has fabulous trees, ready to make a nice, new home set amidst incredible mature landscaping setting.
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