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Market Update
The Tax Foundation, a non-profit organization based in Washington D.C. ranks Hawaii as the 2nd best state for property taxes. This ranking is based on property taxes paid as a percentage of median home value for owner-occupied homes in each state. Hawaii comes in at 0.26 % and the worst state is New Jersey at 1.89 %. This is especially great news for retirees on fixed income that would like to live on Maui.
Don’t forget to apply for your homeowner’s exemption by December 31st if you are an owner occupant. You will receive a $300,000 deduction off your assessed value and the lowest tax rate of $2.50 for Maui County. To find out more information and download the homeowner’s exemption form, visit http://www.mauipropertytax.com. Also, if you don’t know what your property is classified as, please check and make sure that it is correct. For example, if you own a condo and use it as a second home, make sure that you are paying the Apartment rate of $5.50 versus $9.00 for a Hotel and Resort classification. The real property tax rates are per $1,000 of the net taxable assessed value. Real property taxes are based on highest and best use.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. – I am a big Groupon fan. This is an online site that gives you deals in your city and more. I bought two Groupon coupons for $4 movie tickets from Fandango.com to watch the movie, Happy Feet Two at our local movie theater with my family. My 2 ½ year old daughter was entertained throughout the whole movie.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for December 12th, 2011
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Active |
Pending |
Sold |
Change |
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Homes |
653 (274) |
222 (19) |
883 (116) |
-16 |
|
Condos |
1007 (188) |
219 (3) |
1151 (103) |
+4 |
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Land |
509 (113) |
19 (4) |
139 (20) |
+2 |
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Total |
2169 (575) |
460 (26) |
2173 (239) |
-10 |
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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
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3121 Kikihi Street
Wailea
$1.395M (FS)
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Well maintained home in the gated community of Wailea Kialoa. Corner lot with fully fenced yard and lots of lush plantings. Pool and hot tub makes for a very relaxing setting with entertainment center for getting together with friends.
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197 Plantation Club Drive
Kapalua
$3.85M (FS) |
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Welcome to Plantation Estates. This elegant home with gated entry is situated on 2 acres within the prestigious Plantation Estates at Kapalua Resort, Maui Hawaii. Enjoy wonderful views of the ocean and the island of Molokai from the interior of this home, or from the gorgeous infinity pool with waterfall and spa. Modern gourmet kitchen, formal dining room, media room, great room with soaring 20 foot ceilings, beautiful spiral staircase to the upstairs master suite and additional living areas. Virtual Tour.
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Homes Under $1M
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1500 Lower Kimo Drive
Kula
$379.9K (FS)
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Bank Owned. Nice 3 bedroom Kula home. Very private with separate 500 sq. ft. ohana cottage.
Customer Listing Synopsis
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820 Kekaulike Avenue
Kula
$599K (FS) |
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Enjoy Kula Country living at its finest in this meticulously Restored plantation/farm house on nearly two prime acres of gently sloping land. This 2 bedroom, 1.5 bath, 992 sq. ft. home with an attached 176 sq. ft. office, offers all the amenities and simple pleasures of upcountry living. Including Bi-Coastal views, wood-burning stove, Takagi hot water system, Black Walnut countertops (milled from trees on the property), home security system, and nearly 700 sq ft of covered decking to enjoy. Fine upcountry living with room to grow.
Customer Listing Synopsis
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68 Ala'apapa Place
Pukalani
$649.9K (FS) |
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Ocean and Mountain views from this beautiful Pukalani home atop Kulamalu. This 3 bd. 3 bath home is graciously placed on a large lot that backs up to acres of vacant Kamehameha Schools land. Custom built home is only 8 years old with laminate flooring, plenty of windows, and large open kitchen, perfect for cooking and entertaining.
Customer Listing Synopsis
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39 Lahaole Place
Wailuku
$799.9K (FS)
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Bank Owned. Hale Ho'omalu is this secluded mansion in Kahakuloa built in 2000. Looking to live the High Life in Maui? Then this stunning Estate maybe for you. Located on 2.26 acres, Hale Ho'omalu has an impressive 4,434 square foot interior with five bedrooms and five and a half baths. The centerpiece of this home is the Great Room which boasts 24 foot high ceilings and a 60+ foot wall of windows with panoramic ocean and mountain views.
Customer Listing Synopsis
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Vacation Condo Over $1M
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Ho'olei A-6
Wailea
$3.195M (FS)
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Extremely private and special location at Ho'olei. Villa A-6 is the premier unit in the entire neighborhood. Gorgeous ocean, mountain, and golf course views. Beautifully furnished by Latitudes and being sold completely "turn-key", with all furniture, electronics, and houseware items included in the purchase price.
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Vacation Condos Under $1M
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Kihei Bay Surf #232
Kihei
$110.9K (FS)
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This upstairs condo has a clear view of Haleakala. Conveniently located directly across the beach. This complex also offers: in ground pool with Jacuzzi, tennis court, and BBQ area.
Customer Listing Synopsis
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Polynesian Shores #116
Honokowai
$294.5K (FS)
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Bank Owned. Ocean view, in an oceanfront complex makes this unit highly desirable. Top that off with vacation rental usage, and you have the perfect home away from home.
Customer Listing Synopsis
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Wailea Ekolu #1406
Wailea
$859K (FS) |
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Fantastic direct ocean views from the living and kitchen areas. Naturally bright with sun light with open and high vaulted ceilings. Tastefully renovated in 2004 and offered fully furnished with relaxing tropical garden views from every room. Wailea Ekolu offers a peaceful park like setting and this unit is located right by the pool and BBQ's for great convenience.
Customer Listing Synopsis
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Residential Condos
Walaka Maui #203
Kihei
$247.5K (FS) |
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Clean and ready to move in. This is a stunning second floor condo in excellent condition at Walaka Maui in South Kihei. Walaka Maui #203 includes granite kitchen counter tops, crown molding, cherry cabinets, stainless steel appliances, glass top stove, murphy bed, high ceilings, bull-nose corners, sliding glass double pain door, tile flooring in entry, kitchen & baths, ceiling fans & recessed lighting.
Customer Listing Synopsis
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Kai Malu 2-A
Wailea
$1.05M (FS)
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Incredible ocean views from both levels of this immaculate home. Plus, a big greenbelt in front of the unit provides room for kids to play, and extra privacy. Unit 2A is located just steps away from Kai Malu's pool area, one of the most beautiful pools in Wailea.
Customer Listing Synopsis
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Wailea Point #1201
Wailea
$4.25M (FS) |
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Breathtaking oceanfront location - the finest in South Maui. Ground level. Extra large lanai. Easy access to lush gardens. 52 feet above sea level. Privacy & sweeping views of ocean & islands. Year round sunsets. Open kitchen with lustrous koa bar and granite counters.
Customer Listing Synopsis
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Vacant Land
605 Lipoa Parkway
Kihei
$995K (FS) |
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Bank Owned vacant lot in the Kihei Research & Technology Park. The owners are currently working on an update to the Master Plan. When completed the new zoning will expand the acceptable uses within the park.
Customer Listing Synopsis
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