Traveling to Hawaii is certainly not as easy as it used to be, but in a recent survey conducted by  the Hawaii Tourism Authority it was found that out of the 495 visitors that were surveyed 85% said their trip was excellent, and 94% said their trip either met or exceeded expectations. This is great to see, as it means that the number of tourists making the journey to Hawaii in 2021 should continue to rise.

While tourism numbers are not nearly what they were in 2019, the Pre-travel Testing Program allows anyone traveling to Hawaii to bypass the 10-day mandatory quarantine, which would make any vacation immensely more enjoyable. Out of the visitors that were surveyed, 79% said that their pre-travel testing experience went smoothly, and the protocols were clear. The remaining 21% reported various issues with pre-travel testing including difficulty finding a trusted testing partner, and not receiving their results within the specified window.

We will continue to look forward to a rise in tourism numbers as the local economy recovers from the COVID-19 pandemic. To look at the full report, follow this link.In an interview with The Maui News, the Chief Economist with the Department of Business, Economic Development and Tourism Eugene Tian stated that nearly 30% of the homes that were purchased in the better part of 2020 were purchased by out-of-state residents. Of those buyers 27.4% were from the mainland, and 1.4% were international. While this number seems high, out-of-state residents usually purchase nearly 50% of the available real estate on Maui.

The data is still being assembled for the demographic breakdown of these out-of-state buyers, as it is unclear whether most of those purchases were made by investors, or those seeking to move their principal residence to Hawaii now that most employees and business owners can work from home.

The three aspects of the current real estate market that appear to show no signs of slowing are low inventory levels, low interest rates on new mortgages and a climbing median sales price for both condos and single family homes. In December, the Realtors Association of Maui recorded the lowest inventory ever since they began keeping records in 2010. New construction is still very active on Maui, with several affordable housing projects as well as luxury condominium complexes set to be completed  between now and 2022.

To read the full interview The Maui News did with Eugene Tian click here.
Due to the spike in COVID-19 cases on Maui, Governor Ige gave Mayor Michael Victorino the authority to amend the current emergency rules. The new rules go into effect today. Here are the highlights.

- Retail occupancy is now limited to 30% to allow more room for social distancing.

- Bars and restaurants are now required to close at 10pm or earlier. Drive-throughs, non-liquor related takeout and room service are all exempt from this new rule.

In addition to pre-travel testing requirements for both inter-island and transpacific travelers, they are also now required to download either the AlohaSafe Alert app or another Google-Apple Exposure Notification System app. Travelers can also enable their exposure notification setting on their phone.

Face coverings must now be worn while walking to and from the beach or pool. They can only be removed once you are stationary and socially distanced from the people around you.

-Even if the venue is outdoors, a mask must be worn at gyms, yoga studios, and wellness centers.

While these rules mentioned  above are slightly different from rules that were already in place, it’s important to keep yourself informed on the latest developments coming out of the Mayor’s office.
 Smith Team Real Estate - 2 Generations of Satisfied Customers - (808) 572-0866
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Issue 1054 May 17th, 2023


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 
Homes (4)
New Properties 
Price Reductions  

Short Sales

New Properties

Price Reductions 

The Beachfront Property
   ff 2   

4584 Makena Road

$11.5M (FS)


New Maui Property Tax Rates 2023 - 2024

According to the Maui News, Maui County Council recently adopted the new fiscal property tax rates for 2023 - 2024. See below.


Classification (and property valuation, if applicable):


Tier 1, up to $1 million: $1.90

Tier 2, $1,000,001 to $3 million: $2.00

Tier 3, more than $3 million: $2.75



Tier 1, up to $1 million: $5.85

Tier 2, $1,000,001 to $4.5 million: $8.00

Tier 3, more than $4.5 million: $12.50


Apartment: $3.50

Hotel and resort: $11.75

Timeshare: $14.60

Transient vacation rental/short-term rental home: $11.85

Long-term rental

Tier 1, up to $1 million: $3.00

Tier 2, $1,000,001 to $3 million: $5.00

Tier 3, more than $3 million: $8.00


Agricultural: $5.74

Conservation: $6.43

Commercial: $6.05

Industrial: $7.05

Commercialized Residential: $4.40

*The real property tax rates per one thousand dollars of net taxable assessed valuation for each class of real property.

Owner-occupants with property values up to $1M will see a decrease in their tax rate from $2.00 to $1.90. For owner-occupants with property values greater than $1M up to $3M, their rates will decrease from $2.10 to $2.00. These rates will go into effect from July 1, 2023 to June 30, 2024.

Mahalo Nui Loa,

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

The Smith Team

P.S. If you own real estate on Maui, we recommend that you go to the Maui County Property Tax website to search your records and make sure that your property is classified correctly. You will be saving thousands of dollars if you live in your property as an owner-occupant and your property is classified as a non-owner occupant. You also get a home exemption of $300K if you claim your property as an owner-occupant.
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Market Watch
246 (201)
131 (85)
854 (504)
206 (93)
217 (136)
1150 (373)
137 (60)
 37 (14)
201 (58)
589 (354)
385 (235)
2205 (935)
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.


Homes Over $1M

 52 Holomakani 
52 Holomakani Drive

$1.799M (FS)
Situated in the heart of Kula Highlands, this well-maintained post-and-pier home on just over a half acre of land boasts 4 bedrooms and 3 bathrooms. As you pull into the proprerty, you are welcomed by the two-tone driveway and a gorgeous rock wall entry which leads you to towering mature palms and welcoming bamboo. The front yard is private.
40 Huina
40 Huina Place

$2.495M (FS)
This beautifully designed Hawaiian Plantation style 5 bedroom 5 bath 3700 sf home features high vaulted ceilings, and single level living layout with an open concept kitchen, dining room, living room, with fireplace. Wall to wall windows and sliders provide natural light and unobstructed ocean views.
675 Kulike
675 Kulike Road
$3.635M (FS)
The open floor plan seamlessly flows from the kitchen to the pool entertaining area. The main home consists of 3 bedrooms and 3 bathrooms plus an office, recreational room plus a 4 car garage. The cottage is situated so both homes have privacy from each other and would be perfect as a rental or for extended family. At over 1300 sq ft it has 3 bedrooms, 3 bathrooms and a massive loft along with unobstructed ocean views. 
8040 Kula Highway
$9.875M (FS)
A great location & privacy on nearly 8 acres of pasture land. Your main living takes place in the spacious great room with 11' ceilings, custom pocket sliding doors & a 6' fireplace. This property has it all rustic reclaimed elm floors, african mahogany, silver oak, & teak throughout. The kitchen features long granite counters & premium paneled appliances.

Homes Under $1M

Hanawai St
5170 East Hanawai Street

$625K (FS)
This cute 3 bedroom 1 bath single story home is situated at end of a cul-de-sac and includes existing solar panels, working appliances, solar water heater and ramp access to front door. Quaint front and back yard areas, currently enclosed with fencing, bring added value and appeal. One dedicated parking stall only and open street parking. 
 4264 Hana Hwy4264 Hana Highway
$630K (FS)
Bank Owned. The cottage is clean and ready to move in. The 1 BR main house is in the back with a 2-car garage, and the interior is not finished, as evidenced in the photos. Here's your chance to build sweat equity in a property with huge potential. Move into the ohana, and finish the main house. There's also a storage shack on property.
169 Waiale
169 Waiale Road
$749K (FS)
Comfortable well maintained 3 bedroom 1 1/2 bath home with upgraded plumbing and electrical wiring. Featuring a spacious kitchen with lots of cabinets, open floor plan, Pergo style flooring throughout, Redwood interior walls, vinyl exterior walls, master bedroom walk-in closet, large laundry room & 2 window A/C units. The home is perfectly situated on the lot to enjoy the large fenced back yard with room to extend. 
30 Pukea Place
$799K (FS)
Enjoy some ocean & mountain views from the living area & deck of this charming 2 bedroom, 1 bath, 712sf Kula home. The vaulted ceilings and plentiful windows create a spacious & welcoming feeling. Laminate flooring was installed in 2019. This CPRed home sits on 5,639sf & is on a shared septic with the main home. 
124 Meheu Cir
124 Meheu Circle
$885K (FS)
This three bedroom, two and a half bathroom home features vinyl bamboo flooring, split A/C units in the living room and primary bedroom, contemporary kitchen with Corian countertops and stainless steel appliances and a two car garage. This home is located on a corner lot with dual entry and the garage being located in the alley side. 
974 Haiku 2
974 Haiku Road
$898K (FS)
You'll love this two-story gem.  A brand new, beautifully remodeled kitchen upstairs that opens onto a spacious living room with large windows and natural light throughout. New appliances, quartz counters, cabinets, fixtures, fresh paint and new carpet.

Vacation Condos Over $1M

Maui Vista
Maui Vista 3-411
$1.085M (FS)
Enjoy the ocean views from this top floor well-appointed 2 bedroom 2 bath condo. The unit features vaulted ceilings, providing extra light and a spacious feeling. Many updates make this unit easy to maintain. The same matching tile flooring is located in the living, dining, kitchen downstairs hall and both baths.
Hololani A-103

$1.45M (FS)
This beautiful one-of-a kind floor plan features 2 bed, 2 bath with 1,168 square feet of luxury living space. This is one of the largest units in the complex and offers unique privacy along with breathtaking ocean views from its partially enclosed lanai. No expense was spared on the recent remodel in 2018. 
Kapalua Golf Villas
Kapalua Golf Villas 25-T6&7
$1.895M (FS)
This corner unit has an expanded, spacious living and dining areas unique to this floor plan. The two en-suites master bedrooms allow for complete privacy and separate ingress/egress. Both bathrooms feature large, easily accessible showers that were remodeled in 2022. Unit is truly showcases beautiful Hawaiian lifestyle.

Vacation Condos Under $1M

Valley Isle Resort
Valley Isle Resort 405-B

$795K (FS)
Amazing panoramic ocean views from the lanai of this 1 bedroom 1 bathroom, fully furnished condominium. Oceanfront, located on Kahana Beach, you will easily enjoy breathtaking sunsets and whale watching (in season). All furnishings included except the wall art. This is a successful turnkey vacation rental that has been self-managed.
 Kihei Sands 
Kihei Sands A-14
$869K (FS)
This super quaint and modern ground floor unit was completely remodeled in 2020 with new tile flooring throughout, custom designed kitchen cabinets, counter tops, backsplash and appliances. New interior doors and remodeled bathroom. In 2019 two new Mitsubishi AC units were added. The windows and slider have also been replaced.
Kihei Beach
Kihei Beach 108
$899K (FS)
This turnkey Vacation Rentable unit in Kihei Beach is perfect for your own personal residence or guests from all over the world. Enjoy watching the whales, sunsets and walk right out of your beachfront condo to the Pacific Ocean or just lay around at the pool. Hang out at the bbq and talk story with guests. 

Residential Condos Over $1M

Wailea Fairway
Wailea Fairway Villas Y-101
$1.189M (FS)
This villa is positioned perfectly above. Green and boasts commanding ocean and golf course views while retaining a private/open feel. You will see the whales breaching from your lanai. Advantages of this location are easy access as there are no stairs to contend with and 3 extra bonus windows throughout the living space allowing for great natural light which is not possible on the interior units.
Kanani Wailea 7
$2.095M (FS)
Impeccably maintained 4 bedroom, 4.5 bath, single level home in the gated community of Kanani Wailea. Each bedroom is en suite. One of the bedrooms is detached with an entry out to a private, serene courtyard; it's a perfect space for guests or home office. Open floorplan with gourmet kitchen, separate laundry room, and half bath is generous in size.  
Keala O Wailea
Keala O Wailea 103
$2.395M (FS)
This 2 bedroom 2 bath unit is the stunning and fresh complex of Keala O Wailea.  Move in ready, this unit is being sold turn key with the high end furnishings, artwork, and inventory included - most of which is practically new as this unit has been left empty the majority of its short life. The high ceilings and oversized sliding glass door make this unit feel airy and spacious.

Residential Condos Under $1M

Waipulani 305

$565K (FS)
This 1 bedroom, furnished condo sits on the third floor, allowing the ocean breeze to flow freely through the floor-to-ceiling windows lining the main living space. The main living space and kitchen are adjoined, giving it an additional spacious feel. The full-sized bathroom is accessible through the hallway and the bedroom. The bedroom comes complete with a Queen-size bed, and a large, mirrored closet.
Iao Parkside
Iao Parkside 24-105

$585K (FS)
This unit is a 960sqft ground level 3 bedroom, 2 bathroom, updated corner unit in Iao Parkside II. This townhouse is great for several people, feels private, is in a quiet area of the complex, pet friendly, and has large covered and uncovered patio spaces expanding outside of the unit (750 sqft) with lovely mountainous views.
  Napili Villas
Napili Villas 4

$675K (FS)
Simple 2 bedroom, 2 bathroom residential condo at a great price, the lowest maintenance fees or comparable complexes, and much much more. Located in the heart of cool-quiet, you have easy access to shopping, restaurants, and some of the best beaches in the world. Your new condo comes with 2 parking spaces.

Customer Listing Synopsis

Video/Virtual Tour

Vacant Land

814 Honoapillani Highway Lot 17-A
$800K (FS)
Designated for the Main Home, this Agriculturally Zoned, CPR'd property is slightly sloped, roughly rectangular in shape, and cleared, so it's easy o view and pick out choice homes sites. It's close to Honoapiilani Highway so it's convenient one of Maui's best snorkeling spots, a local favorite restaurant, Olowalu Store, and yet high enough to have ocean and sunset views. 

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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