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Aloha
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In this newsletter:
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Prestigious
Maui Living 
7595 Makena Road
Makena
$25M (FS)
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Maui County Will Attempt to Ban Short Term Rentals for Certain Condos
Mayor Bissen announced on Friday that he will ask the Maui County Council to pass a law repealing the previous law that allowed condos on the Minatoya list to rent on a short term basis.
Here is a brief history of how this came to pass.
- Around 2002, an owner at Haleakala Shores complained to the County about short term rentals taking place in that complex which he felt was illegal because it was zoned for Apartment Use, i.e. long term rentals only.
- The Corporation Council for Maui County, Richard Minatoya, issued an opinion that all condos in Maui in apartment zoned districts that were operating short term rentals prior to 1992 should be allowed to continue to do so. This became known as the Minatoya List.
- In 2016, the County Council codified this opinion making it a law giving those owners on the Minatoya List the right to rent their condos on a short term basis, i.e. less than 6 months.
- On May 2nd, the State Governor, Josh Green, signed legislation authorizing the Counties to regulate short term rentals.
- On May 3rd, the Mayor of Maui County, Richard Bissen, announced his plans to push legislation to repeal the law allowing Minatoya condos to do short term rentals.
The stated intention of this new law will be to create more affordable housing. One thing I believe we can all agree on is that we do need more affordable housing; however, is this the solution?
What might be the unintended consequences? If we eliminate 7000 short term rentals, how many of these will end up being affordable long term rentals and how will this affect tourism, which is the lifeblood or our economy. Most owners of short term rentals will not be able to afford renting them out as long term rentals.....at least not at the current market prices for these condos. If the prices were to drop by 50% or more, then new owners might be able to purchase them and rent them out long term.
Regardless of where you stand on this issue, it has already created a lot of uncertainty in the market place which is causing many owners to consider selling and many buyers to pause on their decisions to buy.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
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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266 (235)
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149 (113)
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747 (500)
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+4 |
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Condos
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537 (284)
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130 (64)
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984 (384)
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+17 |
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Land
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178 (83)
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30 (5)
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179 (78)
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+5 |
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Total
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981 (602)
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309 (182)
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1910 (962)
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+26 |
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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 the number of active listings from the previous week.
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Homes Over $2M
3051 Omaopio Road
Kula
$4.75M (FS) |
This 4,410 square foot home with 5 bedrooms and 5.5 bathrooms on 5 acres of prime Kula ag land offers breathtaking bicoastal views. A spectacular palm tree lined driveway sets a magical scene for this special Maui property that includes 5 -car garage parking, a pool, and a farm building. From the hilltop garage.
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837 Anapuni Loop
Kaanapali
$5.999M (FS) |
Indulge in the epitome of luxury living with this modern 4 bedroom, 5 bathroom residence situated in the highly desired Lanikeha neighborhood within Kaanapali Golf Estate. With 3,710 sq ft of interior living space extended by nearly 1,000 sq ft of covered outdoor lanai area, this home presents a comtemporary open floor plan, high ceilings, and wide plank white oak flooring throughout.
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 134 Wailau Place
Launiupoko
$6.95M (FS) |
Let's start with amazing panoramic ocean and island views from almost every room. The infinity-edge heated saline pool and spa blend with the horizon. 5.2540 acres, high ceilings with incandescent soffit lighting. Wine cooler, proffessional grade, thermador gas range, gorgeous granite counter tops, and a bar that can seat 5-6 people, plus a formal dining room.
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Homes Under $2M
284 Alalani Street
Pukalani
$899K (FS) |
This is appropriately named because the weather is so fantastic, it could be raining on all sides of Pukalani, and the sun is shining here. This half-acre lot with a cottage and tiny home has a gentle slope, is fully usable, has fantastic ocean views, and is located on the ocean side of the road. The 2 bedroom cottage with split AC was built in 2013, then the kitchen was remodeled.
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185 Auhana Road
Kihei
$1.175M (FS) |
This 2 bedroom, 2 bath Gem in the heart of Kihei boasts both ocean and mountain views. Built in 2020, the home offers vaulted ceilings, open-concept living, and a large lanai for entertaining family and friends. Downstairs you will find a two-vehicle carport and enclosed storage for yard equipment and beach toys. The surrounding yard is mature and offers a variety of tropical foliage, along with banana and papaya trees.
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193 Oluea Circle
Kihei
$1.499M (FS) |
This stunning plantation-style residence boasts unparalleled beauty and spaciousness, offering a luxurious retreat for you and your loved ones. Step inside to discover a bright and airy living space adorned with cathedral ceilings, creating an inviting atmosphere for relaxation and entertainment.
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220 Kaiola Street
Kihei
$1.899M (FS) |
Experience Zen in this stunning remodeled home in Kihei with an attached studio. This gated and fully fenced property sits elegantly above Sugar Beach in Maui and is your own private Shangri-la. Mature mango, fig and olive trees frame your entry into this two-story home with ample room and a flexible floor plan.
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Vacation Condos Over $1M
Maui Kamaole K-205
Kihei
$1.099M (FS)
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This private, quiet unit is in a quiet spot away from parking lots, overlooking beautiful gardens, a small peak through the trees of the upper tropical pool/spa area, and also just one building between the K cluster and the tennis courts. Beautiful bamboo faces adorn all cabinets in the unit. Sold turn-key, this professionally managed unit is the lowest-priced 2BR unit in the complex at the time of listing.
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Mahana 215
Kaanapali
$1.34M (FS)
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Direct Beachfront, highly desirable and spacious 1 bedroom, 2 bath luxury condominium one of the most popular resort properties on Maui. This tastefully remodeled unit features everything one hopes for year-round sunsets, spectacular views of Lanai and Molokai, with breaching whales and surfers dancing on waves during the winter season.
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Hoolei J-2
Wailea
$5.995M (FS)
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This spacious two-story, 3 bedroom, 3.5 bath townhome-style villa has 2,426 square feet of living area and is gracefully located on the desirable third row in the heart of one of Wailea's most sought -after vacation communities. Unit is pserfectly positioned to maximize ocean views, which can be seen from almost every room, while offering an exquisite sense of privacy.
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Vacation Condos Under $1M
Maui Vista 1-111
Kihei
$650K (FS) |
This unit has been been remodled in luxury Wailea style but is located in the heart of Kihei town. This 1 bedroom unit is fully furnished for all you need for your Maui vacation or live the out the dream you have been long waiting on. Steps to one of three pools in the complex and is steps to Charley Young beach; perfect for swimming, snorkeling, whale watching and sunsets a plenty.
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Kaanapali Shores 836
Kaanapali
$785K (FS) |
Enjoy a stunning ocean view across the blue Pacific. Your lanai is the perfect spot for morning coffee and whale watching. This unit will sleep four with its high-end sofa sleeper. It has a full kitchen with a full-size stove, oven and dishwasher. The cabinetry is all solid wood, topped with high quality granite. The dessing area and bathroom also feature high quality finishes, with a large, well-lit dressing mirror over a granite couter top.
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Kihei Akahi C-409
Kihei
$825K (FS) |
This stunning condominium presents an unparalleled opportunity to experience the essence of island living. Located in the esteemed Kihei Akahi community, across from Kamaole Beach, unit offers a perfect blend of modern comfort and tropical charm, making it an ideal retreat for both full-time residents and vacationers alike.
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Kaanapali Shores 428
Kaanapali
$885K (FS) |
Sold fully furnished and turn-key as a short-term rental property, second home, or primary residence, unit is the lowest priced ocean view. 1 bedroom, 1 bathroom Kaanapali Shores condo at time of listing. This popular beachfront condominium complex spans over 10 acres and has breathtaking year-round sunsets to the west and gorgeous view of the West Maui Mountains to the east.
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Residential Condos Over $1M
Kai Ani Village 4-106
Kihei
$1.299M (FS)
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This is one of only twenty "live/work" condos in South Maui, located one block from 7 miles of uninterrupted beach. This unit is located on the desirable Lipoa side of the complex. The ground-floor office space, complete with an en-suite half bathrooms; can be rented out separately or used by the new owner for a multitude of purposes.
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Wailea Fairway Villas E-101
Wailea
$1.435M (FS)
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This 2 bedroom, 2 bathroom condo in Wailea Fairway Villas offers stunning views of the ocean and golf course, making it perfect retreat for those seeking natural beauty and leisure activities. This end unit is situated on the ground floor and provides easy access and privacy. This tastefully furnished condo offers comfort and style.
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Paradise Ridge Estates 501
Kihei
$1.59M (FS)
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Golden sandy beaches and crystal blue waters await as you gaze upon majestic whales from your luxurious and exclusive estate. Nestled atop a bluff in South Maui, delight in breathtaking ocean and mountain views as you enjoy the lovely waterfall-pool and hot tub complete with pavilion.
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Hokulani Golf Villas 28
Kihei
$1.995M (FS)
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This single-level home boasts sleek tile flooring throughout, enhancing its sophisticated ambiance. Natural light encompasses the expansive living area through large window, offering stunning views of the lush surroundings. The heart of this home is a modern kitchen with gleaming granite countertops and efficient stainless steel appliances.
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Papali Wailea 6
Wailea
$4.4M (FS)
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Experience luxury single level living w/mesmerizing ocean and outer island views, premium top row location, 3 bedrooms 3.5 baths plus attached private garage, generous storage, in a gated community. Sweeping ocean views delight from all of the living areas and the primary suite. Exquisite architectural details dazzle the senses.
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Wailea Point 801
Wailea
$6.295M (FS)
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The spacious, elegant, and bright two-story residence offers a large floor plan available to the low density, gated community of Wailea Point Village. With a stunning oceanfront location featuring panoramic views of the Pacific, this 3 bedroom, 4 bath, 2,554 square foot home, is the premier location that South Maui has to offer. Wood-paneled ceilings throughout.
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Residential Condos Under $1M
Kihei Villages 33-202
Kihei
$589K (FS)
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This 2 bedroom apartment with 2 full baths boasts tastefully updated countertops, cabinet faces, and vinyl floors throughout. The unit also enjoys a fully covered front porch and lanai, as well as two portable AC units to keep you cool in the warmer summer months.
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Kihei Villages 21-104
Kihei
$620K (FS)
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This unit is a 2 bedroom, 1.5 bathroom unit with fantastic upgrades throughout. Upon entering, you're greeted by a spacious light filled living area seamlessly connected to a renovated kitchen featuring granite coutertops, updated appliances, and ample cabinet space. Step outside to discover the gem of this ground-floor unit a charming yard perfect for hosting BBQs or soaking up the sunshine.
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Mahinahina Beach 215
Honokowai
$899.9K (FS)
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Rarely available upper-level , directly west facing unit in the Mahinahina Beach oceanfront complex. Recent updates include flooring, bathroom updates, kitchen updates, lighting improvements and more. Vacation rentals are prohibited, which keeps the complex quiet with owners and long-term occupants.
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Vacant Land
0 Kalua Koi Road Lot 47
Molakai
$475K (FS)
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Nice views of Oahu across the channel and located on the west side of Molokai near all the wonderful beaches over there. Large acreage which is great for farming. Great Ocean and Mountains views from this parcel. One can almost see sunsets daily over the ocean below. Airport is 10 minutes away and Maunaloa town is about a five minute drive where you will find a small market.
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