Affordable Hawaii Real Estate and Maui Real Estate with the Smith Team

Issue 1211 | June 17th, 2026

Aloha ,

In this newsletter:

Prime Kula Highway

409963-f182fcab-212f-4632-a762-8f4d9e23c008

8040 KULA Hwy
Kula

$6.495M (FS)
 

 

Set on nearly 8 acres of pasture in a gated Kula setting, this gorgeous estate offers privacy, scale, and sweeping 360-degree views. The main living area centers around a spacious great room with 11-foot ceilings, a 6-foot fireplace, and custom pocket sliding doors that open to the outdoors. Natural materials define the interior, with reclaimed elm flooring and extensive use of African mahogany, silver oak, spotted gum, and teak. The large chef's kitchen is built for function and flow, with long granite counters and integrated paneled appliances. The primary suite includes built-in shelving, a custom walk-in closet, and an ensuite bath with steam room. 
   

Listing Details 
Video Tour

  Shifting Tides: Vacation Home Purchases See Major Decline

Aloha!
 

A new real estate analysis has revealed a dramatic shift in the second-home market, showing that the pandemic-era vacation home boom has experienced a significant pullback. According to data tracking mortgage originations, Hawaiʻi ranks second in the nation for the steepest percentage decline in vacation-home buying activity over the last few years.

In this week's update, we look at how these changing national and local dynamics are reshaping the island's housing landscape:

  • The Statewide Downturn: Between 2021 and 2025, financed vacation-home purchases across Hawaiʻi fell by 77.8%, dropping from over 2,100 purchases down to fewer than 500.

  • Kahului Among Hardest Hit: On a localized level, the Kahului metro area recorded an 85.2% decline in second-home purchases, outpacing other major national leisure destinations like Las Vegas and Miami.

  • Market Significance: Despite the sharp slowdown, vacation homes still accounted for nearly 5% of all mortgage originations in the state in 2025, carrying a median value of $990,000.

Because discretionary second-home purchases often serve as a leading economic indicator, analysts suggest this pullback reflects broader shifts in consumer confidence, financial flexibility, and evolving affordability pressures.

Read the full article: Hawaiʻi ranks 2nd nationally in vacation home purchase decline; Kahului among hardest-hit markets

 

 

Mahalo Nui Loa,
 

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

The Smith Team

P.S. Wailuku Film Festival opens June 17 with five-day program featuring more than 100 films

Market Watch

  Active Pending Sold Change
Homes 449 (394) 98 (71) 724 (531) -8
Condos 917 (328) 122 (24) 718 (183) +13
Land 206 (77) 16 (2) 140 (33) -6
Total 1572 (793) 226 (100) 1582 (747) -1

1. Numbers in parentheses reflect listings over $1M
2. Sold listings are for the previous 12 months
3. Change is the increase/decrease from the previous week

January 2026
February 2026
March 2026
April

Market Statistics

Updated list of all bank-owned and short-sale properties:

Bank-owned
Short sale



Homes Over $1M

409967-eb668c39-a2d1-4be5-b08b-71cd44046d42

21 Hoaka Pl  

Napili

$1.250M (FS)

Nestled in a desirable gated neighborhood, this well-maintained 3-bedroom, 2.5-bath home offers comfort, efficiency, and easy island living. Recent upgrades include a brand-new roof, a beautifully updated kitchen, and custom built-ins in the living room that add both style and functionality. 
 

Customer Listing Synopsis 
 

409169-107de71c-5285-4825-bf3b-2629259b2ad4

126 Kulalani Dr 

Kula

$1.395M (FS)

Island Living Elevated: Views, Breezes & Tranquility in Wailuku Heights. Experience the perfect blend of privacy, natural beauty, and panoramic island views in this inviting home, where a wrap-around lanai and lush surroundings create a truly serene Maui lifestyle. Positioned on a corner lot, the property offers enhanced privacy, refreshing natural airflow, and a peaceful setting alongside a lush greenbelt with a natural drainage feature, providing a serene backdrop and a heightened sense of space. 
 

Customer Listing Synopsis 
Video Tour

409941-3d299cd1-36c0-433e-9273-56a74888a0ee

860 Holopuni Rd 

Kula

$1.975M (FS)

Perfectly located in Upcountry Maui's highly coveted Kula Glen subdivision, 860 Holopuni Road offers a rare combination of spaciousness, dramatic architecture, and exceptional weather. Set on 2 fully usable acres, this 5-bedroom, 3-bath home spans 3,609 SF of generous living space. The light-filled main living area and impressive kitchen are defined by soaring ceilings, an elegant corner fireplace, and expansive windows that take in the peaceful country setting and ocean views. 
 

Customer Listing Synopsis 
Video Tour

409966-6208050f-fb9c-45ae-adac-687949d50c8c

85 Kulamanu Cir 

Kula

$2.450M (FS)

Discover this remarkable Kulamanu residence, where stunning coastal ocean views meet spacious living in an exceptionally tranquil and private neighborhood. The views are nothing short of breathtaking. The primary bedroom features an exquisite custom closet made of mango wood, and a separate walk-in closet. Soak in the bathtub while admiring the ocean views, or relax in the expansive walk-in shower.
 

Customer Listing Synopsis 
 

409921-52F1AF43-8170-4023-9B43-7BFD88F48BD5

860 S Kihei Rd 

Kihei

$6.950M (FS)

Sunlight and ocean breezes flow through 21 feet of bi-folding floor-to-ceiling glass doors, complemented by soaring 14-foot ceilings that blur the boundaries between home and horizon. Step into this South Maui beachfront estate, where elegant stone columns welcome you to a true masterpiece.
 

Customer Listing Synopsis 
Video Tour

Homes Under $1M

409455-20fac5ed-7e52-48b2-bf19-d6242e58e46d

561 Kainalu Pl 
Wailuku

$777K (FS)

Just a few homes from the shoreline, this versatile Central Maui property offers a rare opportunity to enjoy island living with flexibility and function. Ideally suited for ocean enthusiasts, multi-generational living, or those seeking additional space, the property combines comfort, convenience, and thoughtful upgrades in a highly accessible location.



Customer Listing Synopsis 

409472-36368ecd-6bf2-4bf7-a3db-00e9c73b9eab

320 Kulalani Dr 
Kula

$949K (FS)

This charming, move-in ready 3-bedroom, 2-bath home with a one-car garage is ideally elevated in Upcountry Maui. Nestled in Kula Orchards and bordered by a scenic gulch, the back yard offers a peaceful, retreat-like setting with stunning ocean sunsets and breathtaking Haleakala sunrises from two lanais.



Customer Listing Synopsis 
 

409766-19f6a2f6-ec21-41b8-b370-dbfb0c792195

925 Kuhio Pl
Wailuku

$950K (FS)

Charming 3-bedroom, 2-bath home in the heart of Wailuku! Situated on a spacious 8,107 sq. ft. lot, this 1,168 sq. ft. residence offers comfort, convenience, and island living. Enjoy easy access to schools, shopping, medical facilities, the airport, and Maui's beautiful beaches. A great opportunity for first-time homebuyers, investors, or those seeking a central Maui location.

 

 Customer Listing Synopsis 
 

Vacation Condos Over $1M

409956-7bbd07be-4b96-4188-87ad-1645b2efacbe

Wailea Ekahi I # 8B
Wailea

$1.275M (FS)

Wailea Ekahi 8B is positioned in what many consider to be one of the premier locations within this highly sought-after beachfront community. Situated on the ground floor with no stairs, the residence offers effortless access and seamless indoor-outdoor living. Enjoy direct proximity to the expansive greenbelt, creating a spacious and private setting that captures the essence of the Wailea lifestyle.
 

Customer Listing Synopsis 
Video Tour

409880-57c64331-718b-472d-aedc-cefb473057da

Palms at Wailea I # 1606 
Wailea

$1.495M (FS)

Nestled in one of Wailea's most desirable locations, this exceptional two-bedroom, two-bath residence offers 1,299 sq ft (interior) of thoughtfully redesigned living space where elevated design meets the relaxed elegance of Maui living. Enjoy captivating views of the Pacific Ocean and the West Maui Mountains from a peaceful setting just moments from Keawakapu Beach and a short stroll to The Shops at Wailea.
 

Customer Listing Synopsis 
Video Tour

409176-1e22442d-b6bb-444a-bdc8-81d579fde166

Honua Kai - Konea # NR529 
Kaanapali

$3.800M (FS)

Experience elevated beachfront living in this stunning 3-bedroom, 3-bathroom residence at Honua Kai Resort & Spa. Perfectly positioned on the fifth floor of the Konea Tower, this 1,610-square-foot condominium offers sweeping ocean views and a seamless blend of comfort, style, and luxury on North Kaanapali Beach. 
 

Customer Listing Synopsis 
 

409204-0904b4fc-cb6f-4da0-9783-673bab76d817

Andaz Residences # F2/801 
Wailea

$11.995M (FS)

Andaz Residences F2 (Unit 801) offers a rare opportunity to own one of the coveted private villas at the Andaz Maui Wailea Resort. Ownership combines the privacy of an oceanfront home with full access to the exceptional amenities of the Andaz Hotel including pools, spa, fitness center, beach service, concierge, and award-winning dining. These exclusive residences rarely come to market.
 

Customer Listing Synopsis 
Video Tour

Vacation Condos Under $1M

409924-55a15400-a2d0-4999-902f-e8b5bcf038d2

Papakea Resort I II # D208
Honokowai

$525K (FS)

Welcome to Papakea D208, a beautifully maintained one-bedroom, one-bath condominium offering peaceful ocean views and lush tropical surroundings. Perfectly positioned on the second floor, this inviting residence overlooks Papakea's picturesque koi pond with the sparkling Pacific Ocean beyond. 
  

Customer Listing Synopsis 
 

409943-a7c8eee6-832e-4ff8-80f0-8a26ab9c4590

Kamaole Sands # 10-308
Kihei

$685K (FS)

Building 10's location at Kamaole Sands is just steps from Kamaole Beach Park III with garden, fountain and ocean views from your private lanai. This beautifully updated unit features a dual mini-split AC with iWave air purifier ionizer system and separate thermostat controls in bedroom and living room. Building 10 recently completed an extensive repair in 2025.   
  

Customer Listing Synopsis 
 

409959-D93EC1AD-A5D8-492C-827A-B67E6281E101

Kamaole Beach Club # B-107
Kihei

$869K (FS)

Welcome to this rare and amazing opportunity! Located directly across the street from Kamaole Beach I. There are only 5 fee simple / wholly owned units in Kamaole Beach Club (the others are timeshare). Hotel Zoned and Completely remodeled, featuring travertine floors throughout, crown molding, granite counters in the kitchen with upgraded cabinetry with under cabinet lighting, stainless steel appliances and more.

 

Customer Listing Synopsis 

Residential Condos Over $1M

406990-735f4596-91bf-47ab-9ee4-208176e72363

Wailea Fairway Villas # Y102
Wailea

$1.249M (FS)

Don't miss this stunning 2 bedroom, 2 bath condo, downstairs unit, located on the 11th hole of the Wailea Blue Course Fairway, with amazing ocean views. The Y building offers an open feel to the course, and making every view green, or blue. The unit is being sold furnished, newer paint and carpet, granite kitchen, travertine tiles, 
 

Customer Listing Synopsis 
Video Tour

409327-e6616f6a-2af1-4e65-ad22-f70258b3886b

Masters # 2206 
Kaanapali

$1.300M (FS)

This elegant 1728 sq.ft. 2 bed 2 bath D floorplan residence offers beautiful OCEAN, ISLAND, GOLF COURSE and SUNSET VIEWS. This upstairs unit on the south end captures tropical trade winds and the large kitchen includes Corian countertops. The unit is entered through a very private interior entry. The interior is light, bright and spacious with a large master suite.

Customer Listing Synopsis 
Video Tour

407834-B83D372B-C17E-4864-8E0A-E6FDF3B48A69

Wailea Town Center # C-203
Wailea

$1.675M (FS)

AMAZING OPPORTUNITY!!! Where the Ocean Becomes Your Backdrop and Wailea Becomes Your Everyday. Wailea Town Center C-203 is a rare offering, including dedicated garage, blending the privacy of a boutique residential enclave with the panoramic beauty of the Pacific and the unmatched convenience of Wailea’s vibrant core.
 

Customer Listing Synopsis 

Residential Condos Under $1M

409883-31e8401d-14d5-4e3d-9c82-bc8a6955761f

Maui Lani Terraces # A305 
Honokowai

$299K (FS)

Westside Maui is ready for you, bring your vision and unlock the potential of this top-floor 1 bedroom that includes a generous sized mountain facing covered lanai residence at Maui Lani Terraces, perched directly across the street from the beach! This incredible “priced to sell” opportunity also includes rare resort-style amenities; a beautiful relaxing pool, BBQ’s, clubhouse, on-site property Manager & a designated parking space along with plenty of guest parking. 

 

Customer Listing Synopsis 
 

409759-e85ba963-f8d9-4054-a0bf-d19743ee0550

Hoolea Terrace at Kehalani # 406 
Wailuku

$565K (FS)

Beautiful upstairs ocean view 2-bedroom, 1.5-bath unit in the highly desirable Ho'olea Terrace at Kehalani community. Enjoy stunning ocean views from both the living room, kitchen, and primary bedroom, along with gorgeous mountain views from the second bedroom, in this well-maintained home featuring luxury vinyl plank flooring throughout, an open-concept living room and kitchen layout.

 

Customer Listing Synopsis 

409894-2bdaa37f-824b-4a53-adab-828f172ed42c

Haleakala Gardens # 15E
Kihei

$625K (FS)

Welcome to Haleakala Gardens 15E, an upstairs corner unit tucked into what is arguably one of the best locations within the complex. Positioned in the quiet northeastern corner of Haleakala Gardens, this top-floor residence offers a rare sense of privacy, beautiful natural light, refreshing tradewind breezes, and its own private entrance.  
 

Customer Listing Synopsis

409899-350248CF-5B1A-4F45-9602-6978ABBB1CD9

Villas at Kahana Ridge # 322 
Kahana

$650K (FS)

Although property is on the 2nd floor, you enter your unit from the parking area and very convenient to enter with no stairs. The other side of the apartment is on the 2nd floor so your lanai is off the ground for lots of cool breezes and views. The kitchen and bathrooms have been upgraded recently as well as freshly painted.
 

Customer Listing Synopsis

406612-d614c40c-14e2-47a6-b49f-dd572ca7da52

Haleakala Gardens # 12E
Kihei

$675K (FS)

Welcome to Haleakala Gardens, a pet-friendly complex just one block from the ocean and steps to Kalepolepo Beach and Waipulani Beach Park. Nestled in lush tropical landscaping, this top-floor, garden-view unit in Building 12 offers peace and privacy with a beautifully remodeled interior. This spacious 3-bedroom, 2-bathroom home features soaring vaulted ceilings and a thoughtful full renovation from top to bottom.  
 

Customer Listing Synopsis

Vacant Land

409957-c77181c3-e42f-4ceb-80b5-9a6e1fe2bbd0

0 Paekii Pl
Lahaina

$589M (FS)

Build your custom home on this vacant agricultural lot in Ukumehame. This CPR'd Unit A includes the rights to construct the main house and offers mountain views. Located within the Ukumehame agricultural subdivision, this property provides an amazing opportunity to create a custom home in Maui.
  

Customer Listing Synopsis 
 

Experience the allure of Maui beachfront living in this stunning oceanfront residence that captures the essence of island sophistication. Perfectly positioned on the 6th floor of Wailea’s premier Hotel Zoned community, this beautifully appointed 2-bedroom, 2-bath condominium offers breathtaking panoramic views of the Pacific, Molokini, and Kaho‘olawe — where every sunset paints a masterpiece across the horizon.A great opportunity is now an UNBEATABLE ONE! Motivated Sellers just slashed the price by $36,000 making it the 2nd most affordable 3 bedroom on Maui & an astonishing $106,000 less than the next one with a yard! They also paid the $24,600 roof & railing assessment, saving you $225 every month up to 6/1/33! Ready to put down roots in central Maui? This welcoming ground-floor, corner unit offers exceptional value for those looking to stay close to work, school and everyday life.Exceptional 58-acre agricultural estate comprised of eight separate TMKs, featuring a unique combination of high-quality improvements, established income, and long-term flexibility. The property includes three substantial ag buildings, two fully automated commercial greenhouses, and extensive infrastructure throughout. Improvements include a 1,300 sq ft Ag Office/Studio (2023) with slab-on-grade construction, 2x6 framing, Marvin windows, hardwood floors, split-pitch roof, R-19/R-30 insulation, Lutron automated lighting and shades, and Sonos audio.Ocean views, privacy, and flexible living come together at this Mahinahina cul-de-sac property, set on a spacious flag lot with a fenced yard designed for relaxed indoor outdoor island living. The yard offers space for pets, play, and everyday enjoyment from both the lanai and grassy area. Configured as a two bedroom, one an a half bath, plus den on the upper level and a two bedroom, one bath ohana below, the layout offers ideal separation for multi generational living, guests, or rental potential.


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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753
US

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