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Aloha ,
Market Update
The National Association of Realtors found that last year 1.13 million vacation homes were sold across the country. Here's 4 tips you should know before buying a Maui vacation home or condo that will also be an investment property for you.
1. Be sure you have sufficient finances to care for and manage the property without depending on the rental income just in case something goes awry.
2. Permitting can be an issue, make sure the property you choose is in an area that can be legally permitted as a vacation rental. Familiarize yourself with the Maui County vacation rental permitting process as sometimes it can be quite difficult and timely to obtain a legal vacation rental permit. There are three types of vacation rental permits in Maui, bed and breakfast homes, transient vacation rentals and short term rental homes, all with various technicalities.
3. Consider where the majority of vacationers would like to rent. Somewhere close to the beach, shopping and restaurants will be the most popular.
4. Be realistic about homeownership costs as well as rental income. There is much to consider when purchasing a vacation home such as HOA fees, permit costs, management and maintenance.
Maui's irresistible beauty makes it a great place for investment properties.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa and Lindsey
P.S. - Hana's newest attraction is a fresh, organic food truck opened by Hana Ranch. The truck serves food using ingredients grown on the farm and locally caught. They also offer educational, walking farm tours.
Melissa Smith R (B), Ken Smith R (S)
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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559 (314)
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270 (46)
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1122 (191)
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+2 |
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Condos
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849 (202)
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256 (29)
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1207 (157)
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-7
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Land
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374 (137)
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39 (11)
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152 (22)
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+18 |
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Total
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1782 (653)
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565 (86)
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2481 (370)
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+13 |
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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
280 Kulamanu Circle
Kula
$1.057M (FS) |
Huge bi-coastal views and beyond. The main level of this beautiful home features an open floor plan, allowing the view to be enjoyed from the master suite, living room, dining area and chef's kitchen, as well as from the expansive deck.
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815 Kupulau Drive
Maui Meadows
$1.45M (FS) |
Epic ocean views from this classic Maui Meadows home. 4 beds, 3.5 baths offering a large open floor plan with an abundance of glass sliders opening to the wrap-around deck. This 2 story, Lindal Cedar dwelling offers two master-suites and a large open loft bedroom situated in a very private setting.
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355 Hana Highway
Spreckelsville
$4.85M (FS) |
This custom home is a high end ocean front residence with the best views on the North Shore of Maui. As one enters they are engulfed with the deep blue ocean and the vistas from the lanai stretch from Paia Bay to Kahakuloa to the West and Hookipa to the East. This 3 bed, 3 baths home includes a detached caretaker’s home of 1 bed, 1 bath and 600 sq. ft. of living area.
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Homes Under $1M
283 Lono Avenue
Kahului
$429K (FS) |
Centrally located home in the heart of Kahului. This 3 bed 2 bath hollow tile home is in need of TLC. A large lot allows for many options to add to this home for the extended family.
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181 Oluea Circle
Kihei
$659K (FS) |
Great location in Kamali’i Alayna, one of the most sought after neighborhoods in Kihei. Immaculately kept by original owner, this darling single story plantation style house has 3 beds, 2 baths, vaulted ceiling, 2-car garage and fully fenced green backyard ideal for children and pets.
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 28 Keoneloa Street
Wailuku
$860K (FS) |
Wonderful gated community of Sandhills Estates. Single level home with vaulted ceilings and beautiful travertine floors in the main living area. Custom kitchen with stainless steel appliances, granite counter tops and rich cherry cabinets. Master bedroom over sized with walk in closet.
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505 Alae Road
Kula
$895K (FS) |
Your private Kula retreat awaits you in this lovely single level home situated on 1.28 acres tucked away at the end of a peaceful, country road. The older 2 bed, 2 bath home has been tastefully renovated while retaining the charm of a vintage plantation home.
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Vacation Condos Over $1M
Mana Kai #808
Kihei
$1.749M (FS) |
Enjoy spectacular views from this top floor Mana Kai unit, overlooking the white sands of Keawakapu Beach, arguably the best beach on Maui. Renovations include granite counter tops, tile flooring, smooth ceilings with soffets and recessed lighting, renovated bathrooms, 2 split-system A/Cs, and more.
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Kaanapali Alii #3-705
Kaanapali
$4.5M (FS) |
Kaanapali Alii, 3-705, stands among the premier ocean front locations currently offered at this prestigious resort. This private residence portrays the authenticity of Hawaiian living with its generously embellished Koa wood construction throughout. Breathtaking views of the picturesque Kaanapali Beach, which includes world famous Black Rock, are complete with year around sunsets featuring both the islands of Molokai and Lanai.
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Montage Residences #1205
Kapalua
$5.95M (FS) |
Residences 1205 is unlike any other at the Montage Residences Kapalua Bay. This spacious residence is situated overlooking Maui’s famed Kapalua Bay, and perfectly oriented to enjoy Maui’s spectacular sunsets. Expansive sliding doors open the living room, dining room and master suite to a private oceanfront garden.
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Vacation Condos Under $1M
Kihei Kai Nani #22B
Kihei
$289K (FS) |
Clean is the feeling you get when you walk into this unit. Be amazed when you step through the door and look straight out to the ocean from this light and airy condo. Kihei Kai Nani 228 is located upstairs at the end of building 13 with windows wrapping around 3 sides letting in plenty of light and allowing the trade winds to naturally keep it cool.
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Paki Maui #418
Honokowai
$299K (FS) |
Very popular remodeled vacation rental. Great open feeling next to garden area. Top fourth floor, elevator in building. Conveniently located close to shopping, public transportation and Honokowai Beach park. A turn key unit, waiting for your enjoyment, has had a stellar booking rate.
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Maui Sunset #A205
Kihei
$385K (FS) |
Tastefully furnished 1 bed, 2 bath unit on the second floor. This unit overlooking the manicured lawn can sleep up to 6.
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Whaler #570
Kaanapali
$950K (FS) |
The Whaler in Kaanapali beach is one of the world's best locations. On the beach in the middle of shopping, restaurants, golf, boating, whale watching, snorkeling, tennis and so much more. All that a resort as special as Kaanapali has to offer. Unit 570 is located on the inside courtyard with garden, waterfall and ocean views.
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Residential Condos
Kahana Manor #212
Kahana
$199.9K (FS) |
Bank Owned - Price reduction makes this the best buy in the area. This Fannie Mae 1 bedroom apartment has been well cared for and is light and bright. Very nice tile floors throughout, and a newer kitchen and bathroom. There is a garden view off the lanai, which is in front of the kitchen and off the large, open living room.
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Maui Lani Terraces #F-307
Napili
$216.8K (FS) |
Very nice, condo in West Maui for a great price. This studio has a large, beautiful granite counter kitchen, pendant lighting, open floor plan, wood floor and queen size bed. There's a walk in stone shower. The tiled lanai faces the West Maui Mountains for total privacy and an ocean view from the front door.
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Iao Gardens #106
Wailuku
$275K (FS) |
Live in the heart of charming Wailuku! This rarely available, Iao Gardens condo offers sweeping views spanning from Iao to the ocean, granite counter tops, new floors, remodeled bathrooms and so much more. Check the surf from your lanai, walk to Wailuku coffee company to meet friends or relax poolside with your favorite book.
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Mahinahina Beach #210
Napili
$1.375M (FS) |
Phenomenal location along the coast of West Maui. This direct water front 2 bed, 2 bath suite has been completely remodeled. Top floor corner unit with views of Lanai and Molokai from the 228 sq. ft. open air lanai. Some of the remodeled features included European high polished Travertine floors, custom built kitchen cabinets, Fujitsu Tri-zone Halcyon Inverter A/C and Heat system.
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Vacant Land
64 Paia Pohaku Street
Lahaina
$675K (FS) |
An opportunity for a ocean view lot in Launiupoko for your own cottage build. This .856 acre lot will allow you the building of the cottage ohana. Ocean views of Lanai with beautiful sunsets. Located just minutes from the Launiupoko beach park below, Lahaina town and its amenities of shops, restaurants, banks and grocery stores.
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