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Condos play a major role in Maui tourism. While luxury resort-grade hotel development stayed within the three major resorts on Maui, condominiums were allowed to spread out along Maui’s leeward (South and West Maui) coastline. And they were permitted to provide visitor accommodations in direct competition with the resort hotels. That allowance added value to repeat visitors who wanted their own “piece” of paradise. Renting the units as essentially hotel rooms when the owner is off island helps pay for the investment. Forty years later that same formula continues to generate real estate sales along West Maui, with Kaanapali Beach condominiums often being much sought after investments.
While West Maui has a large assortment of resort condominium properties, the some of the highest quality units are found on Kaanapali’s shore, tucked between flagship resort hotels on the world famous beach. The sound of tiki drums, the sunset ceremony on Black Rock, fine dining, and PGA grade golf, all in your neighborhood. In addition, some of the newest, highest quality units on Maui can be found on Kaanapali’s North Beach.
As always, luxury of this sort is usually only available at a high price, with median prices well above $1 million. That’s reason enough to seek out the support of a highly skilled, long-time Maui Real Estate firm to see your investment on Kaanapali Beach goes through smoothly, without any surprises. That’s why you should consider talking to the Smith Team about representing you when you make that important Kaanapali purchase.