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

Issue 1199 | March 24th, 2026

Aloha ,

In this newsletter:

Napili Shore Retreat

409059-50660340-CF33-4E5C-B31E-B2D0CCF9BB67

5171 Lower Honoapiilani Rd
Napili

$5.850M (FS)
 

This unique Napili oceanfront residence is nestled on a coastal bluff in the center of the bay. It is protected from the risk of erosion. Views are unobstructed of the Pacific and the neighbor islands of Lanai and Molokai, as well as year round sunset views. The exceptional floor plan set over multi levels includes the living area overlooking the saltwater infinity edge pool, three bedrooms, three baths, an outdoor shower, and two-car garage.  

Listing Details 
 

 The Ripple Effect: How One Tower Created 500+ Homes

Aloha!
 

Is more construction the key to better affordability? According to new research from the University of Hawaiʻi Economic Research Organization (UHERO), the answer is a resounding yes.

By tracking a single 512-unit project, researchers found that the "chain reaction" of moves actually created over 500 vacancies island-wide—many of which were larger, more affordable single-family homes. In today’s update, we break down why building new units is essential for freeing up the older housing stock our community needs and how this "ripple effect" impacts the market for everyone.

Read more on UHERO’s website.


Key Takeaways from the UHERO Study:

  • The Chain Reaction: One new building created 500+ total vacancies island-wide within 3 years.

  • Cost Factor: The "freed up" homes were, on average, 40% less expensive per square foot.

  • Family Impact: Households moving into new condos often left behind 3+ bedroom single-family homes.


 
 

Mahalo Nui Loa,
 

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

The Smith Team

P.S. County of Maui offices to close Thursday for Prince Kūhiō Day holiday

Market Watch

  Active Pending Sold Change
Homes 453 (394) 126 (99) 715 (523) -3
Condos 915 (344) 110 (36) 718 (203) -10
Land 213 (81) 21 (6) 152 (46) -2
Total 1581 (819) 257 (141) 1585 (772) -8

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

Market Statistics

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

Bank-owned
Short sale



Homes Over $1M

409075-d7700d14-e303-4eaa-87f3-de2708559f05 (1)

10 PAKAU Pl 

Kahului

$1.199M (FS)

Welcome home to this beautifully remodeled 3 bedroom 2.5 bath home located in the heart of Kahului. Perfectly positioned within a short distance to schools, shopping, and the mall. This centrally located home offers the ideal blend of comfort, style and convenience. Inside is a freshly painted interior complemented by new waterproof vinyl plank flooring throughout, creating a clean, modern feel that's both stylish and low maintenance.

Customer Listing Synopsis 
 

409054-2e4f2b8d-e1af-4622-b558-d7487947042e 2

634 Laniolu Pl

Kihei

$2.888M (FS)

A treasure chest of wonder can be yours in this enchanting Maui Meadows Crown Jewel. Perched at the crest of a quiet cul-de-sac, offering unmatched privacy, this panoramic estate offers a masterclass in island living, an experience rarely found in South Maui.
 

Customer Listing Synopsis 

409092-97c77e4c-c89a-44db-84e1-a54c9572622e

35 Ohia Lehua Pl

Makawao

$4.995M (FS)

When HOME is the destination. Set in an IDEAL UPCOUNTRY location, this RETREAT is where luxury, RESORT INSPIRED amenities, and Maui’s natural beauty merge in harmony. Upon entry, OCEAN AND MOUNTAIN vistas unfold like nature’s own work of art. Thoughtfully renovated and expanded in 2025, the home was re-imagined as a place of beauty, recreation, and restoration. 
 

Customer Listing Synopsis 
Video Tour

409084-e6cdf29a-d6e5-46e9-b00e-c9f79004f211

519 Hana Hwy 

Paia

$5M (FS)

Classic North Shore Maui. Situated on the ocean in Ku’au, these two homes, offer a peaceful escape just minutes from Pa’ia Town. The beachfront house boasts sweeping ocean views, and a front-row seat to Tavares Bay surf action, while the primary suite offers a breathtaking vantage point – imagine watching turtles and whales right from you bed! 
 

Customer Listing Synopsis 
Video Tour

Homes Under $1M

407557-afcfecb3-9d9d-4337-a1fd-f17da5f6a79d

639 Kainalu Pl
Wailuku

$570K (FS)

SOLD
Great opportunity in Central Maui! This single-level 4 bedroom, 2 bath home offers excellent potential for homeowners or investors. Situated on a level lot with a nice-sized backyard, the home is currently used as a 3 bed, 1 bath main living area with a separate 1 bed, 1 bath space, perfect for multi-generational living or rental income possibilities.



Customer Listing Synopsis 

408403-5ffa4413-2fda-4517-90ab-e5adcfb32945

182 IKEA Pl
Makawao

$870K (FS)

Welcome to 182 Ikea Place Unit A, a rare upcountry opportunity offering space, views, and room to make it your own. Located at the end of Ikea Place, this 4-bedroom, 1-bath home sits on Lot A of a three-unit residential CPR and offers approximately 1,140 square feet of interior living space on a generous 10,000 square foot lot. 
 

    Customer Listing Synopsis

409069-f1b10362-7bc5-426b-9296-25a809bef0da

63 Wilipohaku Rd
Wailuku

$950K (FS)

Welcome to this beautifully renovated 3-bedroom, 1.5-bathroom single-level home located in desirable Waihe'e. Thoughtfully upgraded throughout, this move-in ready property blends modern convenience with clean island-inspired finishes. 
 


Customer Listing Synopsis 
 

409078-58619701-4185-462f-b36e-96be8c202f4f

101 Ulana St
Makawao

$999K (FS)

Welcome to Maui Uplands! This beautiful 2-bedroom, 2-bath home with views of the West Maui mountains was fully renovated in 2023. Luxury vinyl flooring, custom bathrooms, a bright and functional kitchen are just some of the wonderful features of this spacious 1,012 sqft home
 


Customer Listing Synopsis 
Video Tour

Vacation Condos Over $1M

408311-89F84022-B0D5-4C51-B147-D8F1DBA91755

Honua Kai - Hoku Lani # SR 716
Kaanapali

$1.099M (FS)

Honua Kai Hokulani 716 is a beautifully appointed one-bedroom, one-bathroom luxury condominium located on world-famous Ka’anapali North Beach. Perched on the 7th floor of the south-facing Hokulani Tower, this residence offers captivating ocean and sunset views with the island of Lana’i as a stunning backdrop—perfect for seasonal whale watching right from your private lanai. ​ 
 

Customer Listing Synopsis 
 

407508-BA6B5175-B3EC-4013-8169-0F8F749E49AC

Kapalua Bay Villas I # 32G-5 
Kapalua

$1.295M (FS)

Kapalua Bay Villa 32G-5 is a 1bd/2bth end unit on the ground floor with a nice lawn area outside the front door, for outdoor enjoyment. This villa is a townhouse style which affords you even better ocean views from the primary bedroom.   
 

Customer Listing Synopsis 
 

408915-dea2ae28-655a-4da8-86ff-56bd0ef4eb2e

Polo Beach Club # 107
Wailea

$3.999M (FS)

Ideally positioned just one residence off the front row, Polo Beach 107 captures exceptional ocean views while offering the convenience of true ground-floor, walk-out access. From your lanai, step directly onto an expansive greenbelt that seamlessly extends your living space and leads just moments to the white sands of Polo Beach.   
 

Customer Listing Synopsis 
Video Tour

407859-a65ee800-083c-43ba-ab5b-74b2aa8d32ca

Wailea Beach Villas # PH-209
Wailea

$5.750M (FS)

Welcome to Wailea Beach Villas Penthouse 209, one of Wailea’s most prestigious gated, Hotel-Zoned beachfront communities. This spacious 3 Bedroom, 3 Bathroom + DEN (configured as a 4th bedroom) offers 2,521 sq. ft. of SINGLE-LEVEL Luxury with refined finishes, open-concept design and seamless indoor-outdoor living. Secure elevator access to your penthouse.    
 

Customer Listing Synopsis 
Video Tour

Vacation Condos Under $1M

407106-657d173c-fa5e-466f-a929-d98f853ea946 (1)

Kalama Terrace # L-204
Kihei

$299K (FS)

PENDING - CONT. TO SHOW
Welcome to this charming 1-bedroom, 1-bathroom condo located in the desirable Kalama Terrace complex. This fully furnished unit offers a perfect blend of comfort and style, making it ideal for full-time living, a vacation getaway, or a rental investment. The kitchen features a newer gas stove and refrigerator, along with beautiful granite countertops and updated wood cabinetry. 
 

Customer Listing Synopsis 
 

409096-FC12F3B1-5B26-4B10-97EC-2F688B089380

Paki Maui I II # 418
Napili

$350K (FS)

Offered at an exceptional value of $350,000, this charming 1-bedroom, 1-bath residence at Paki Maui presents a wonderful opportunity to own on Maui’s oceanfront. Located on the top (fourth) floor with convenient elevator access, the unit is bright, clean, and well-maintained, featuring an open layout and peaceful views of the lush tropical gardens.  

Customer Listing Synopsis 
 

407793-d73aeff0-c669-4644-96ae-f1b20611b9dc

Haleakala Shores # 205 B
Kihei

$625K (FS)

Excellent location. Experience the ultimate island lifestyle in this beautifully maintained 2-bedroom, 2-bath, single-level condominium at Haleakala Shores, ideally situated just across from the beach. This spacious unit offers serene Haleakala views and features a bright, open floor plan with tile flooring, upgraded cabinetry, granite countertops, and upgraded appliances. 

Customer Listing Synopsis 

409093-3418f4e2-9231-4faa-aaf0-ad85740f2918

Maui Kai # 506
Kaanapali

$650K (FS)

Hotel-zoned and perched on North Ka'anapali Beach, Maui Kai 506 is a beautifully remodeled oceanfront studio/1-bath offering panoramic views of Moloka'i and Lana'i. Enjoy stunning blue-water views from nearly every angle and a private lanai—perfect for morning coffee or sunset evenings with the sound of the surf below.

Customer Listing Synopsis 
 

409017-7b92e4d0-d246-4077-b79a-dbdd74483fc7

Kihei Alii Kai # A206
Kihei

$650K (FS)

HOTEL-ZONED – SHORT-TERM VACATION RENTALS ALLOWED. Welcome to Kihei Alii Kai A-206, ideally situated in the heart of South Kihei, just moments from the soft white sands of Kamaole Beach Park I. This residence offers the perfect blend of relaxed island living and exceptional investment potential.

Customer Listing Synopsis 
Video Tour

Residential Condos Over $1M

406527-f2957582-f026-48be-a982-1772855969a6

Paradise Ridge Estates # 801
Kihei

$1.088M (FS)

Tranquility awaits at Paradise Ridge Estates! Live your best life at South Maui's newest, exclusive gated community. Start your day on your covered lanai, perfectly perched at the front of the community, gazing upon the glimmering waters of the beautiful blue Pacific Ocean.
 

Customer Listing Synopsis 
Video Tour

406887-49e94174-0f1d-4fc4-bc76-ffe0b32a777e (2)

Wailea Point I II III # 1404
Wailea

$10.500M (FS)

Wailea Point 1404 is a front-row, 3 bedroom / 3 bath oceanfront masterpiece—an inspired blend of refined design, master craftsmanship, and timeless elegance in one of Maui’s most exclusive communities. Reimagined through an extensive, no-expense-spared renovation, this one-of-a-kind residence offers sweeping views of white sand beaches, dramatic coastline, and the neighboring islands of Molokini, Kaho‘olawe, and Lana‘i. 

Customer Listing Synopsis 
 

Residential Condos Under $1M

408727-7535d016-02c9-4518-a0b3-5f42b461c9ca

Harbor Lights # C404
Kahului

$149K (FS)

Ideally situated at the end of the top floor, this Harbor Lights residence offers an open canvas for your next project. The interior has been cleared to its essential layout, saving you the time and effort of initial demolition and allowing for a personalized floor plan from day one. 

 

Customer Listing Synopsis 
 

407444-fd91d086-d088-49ef-99d2-0378119ae3ee

Maui Gardens # F 201
Kihei

$498K (FS)

Step into Maui living at its finest with this fully remodeled corner unit at Maui Gardens F-201 — a rare 2nd-floor gem just one block from the beach! Every detail has been thoughtfully upgraded since the 2019 full renovation, creating a space that blends modern comfort with island charm. 

 

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 
 

407024-f4362752-1557-4629-a9ef-c9252bd6785d

Kehalani Gardens # 102
Wailuku

$710K (FS)

Welcome to Kehalani Gardens #102, where comfort meets convenience in Central Maui. This 3-bedroom, 2.5-bathroom condo is a thoughtful blend of style and function. Plantation shutters, cork flooring, oak stair treads, recessed kitchen lighting, and outlets with built-in USB ports bring both character and modern convenience, while a sleek dining room light fixture sets the ambiance. 
 
 

Customer Listing Synopsis 

Vacant Land

406946-a2cae419-93d0-472f-8353-b1c49446dead

Hokiokio Pl
Haiku

$865K (FS)

Nestled within the prestigious gated community of Pu‘u Noa Estates in the highly desirable Launiupoko area of Lahaina, this property is truly one of a kind. While located behind the Pu‘u Noa gates, it is not part of the HOA, offering the rare benefit of privacy and flexibility without the full restrictions. Instead, the property enjoys secure gate and roadway access for a reduced fee of only $140 per month 
  

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.


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

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