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Aloha
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In this newsletter:
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Tropical Paradise
Wailea Beach Villas 404
Wailea
$5.888M (FS)
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Maui County Vacation Rentals Achieve 64.2% Occupancy in February
The Maui County data was compiled by the Hawai‘i Department of Business, Economic Development & Tourism’s monthly Vacation Rental Performance Report. February 2024 supply and demand data included an extra leap-year day, whereas 2023 and 2019 did not.
Data from Maui County shows that there were more vacation rental unit nights available last month than in both February 2023 and February 2019 (before the pandemic).
Despite an increase in available units, the percentage of those units being occupied in February 2024 was still lower than in both February 2023 and February 2019, by -6.6 and -22.3 percentage points, respectfully.
For February 2024, Maui County vacation rental supply was 185,600 available unit nights (+22.3% vs. 2023, +9.7% vs. 2019), unit demand was 119,200 unit nights (+10.8% vs. 2023, -18.6% vs. 2019), resulting in 64.2% occupancy (-6.6 percentage points vs. 2023, -22.3 percentage points vs. 2019). Vacation rentals in Maui County had an average daily rate (ADR) of $440 (-4.3% vs. 2023, +51.4% vs. 2019).
In February 2024, vacation rental supply in Wailea/Kīhei and Lahaina/Kāʻanapali experienced gains of 4% and 21.3%, respectfully, compared to 2019. However, unit occupancy in Wailea/Kīhei and Lahaina/Kāʻanapali was down that month compared to 2019 by -18.8 percentage points and -24.8 percentage points, respectfully.
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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264 (231)
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143 (101)
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752 (505)
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NC |
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Condos
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476 (261)
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155 (77)
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991 (375)
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+4 |
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Land
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162 (81)
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23 (2)
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179 (78)
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-1 |
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Total
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902 (573)
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321 (180)
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1922 (958)
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+3 |
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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 $1M
511 Kaulana Street
Kahului
$1.05M (FS) |
Nestled in the heart of "Dream City's" 11th increment in Kahului, this charming single-level home offers a serene retreat with a Japanese Zen-like feel. Boasting 3 bedroom and 2 baths, this property is a hidden gem with no association restrictions, allowing for flexibility in use. The large lot allows for 2 Ohana units.
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268 Maka Hou Loop
Wailuku
$1.149M (FS) |
Explore this charming 3 bedroom, 2.5 bathroom residence nestled in the heart of one of Maui's most conveniently neighborhoods. Embrace the proximity to schools, the airport and more, while still enjoying the comfort of a friendly quiet neighborhood. Located on a tranquil loop road and perched on a slight slope, each upstairs bedroom offers captivating ocean views.
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1743 Mill Street
Wailuku
$1.199M (FS) |
Savor the past in this refurbished plantation-era hale. Your new home has been completed and its ready to be lived in. The home has been rebuilt, refurbished. This home has nestled just two families in 83 years. A place where children and pets are welcome. This is not a drive-by you must see its age and the beauty of grandiosity. The land has massive native Hawaiian plant collection.
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60 Ka Drive
Kula
$1.65M (FS) |
This lovely home that offers a versatile floor plan that could work for almost anyone. There are 4 bedrooms, 3 bathrooms, and multiple areas to just 'hang out' in. The current owners have done quite a bit of remodeling and adding-on to make their home a welcome retreat for viisiting family and friends.
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36 Waikalani Place
Kihei
$1.995M (FS) |
This beautifully remodeled 5 bedroom home offers the epitome of luxury living. Step into a world of elegance and comfort, with two large kitchens, equipped with top-of-the-line stainless appliances, inviting the gourmet chef in you to explore and entertain. Wander outside to the inviting yard, where you'll find immaculately kept, putting green-quality lawn and greenery.
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168 Ahekolo Place
Kihei
$2.2M (FS) |
This 3 bedroom, 3 bathroom retreat has ocean views from both the living room and master bedroom. This home offers a dream kitchen with a center island and energy-efficient appliances. The graceful indoor and outdoor living spaces make this residence perfect for entertaining family and friends, as well as accommodating guests.
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31 Welina Place
Pukalani
$3.977M (FS) |
A completely fenced and gated 2-acre oasis close to all the amenities yet a world away. The formal entryway for the main house ambles through a small garden past a waterfall and seating area around the firepit, with views of Haleakala. The beautiful single-level, 2 bedroom, 2.5 bath home overlooks the lower portion of the property.
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Homes Under $1M
390 Auhana Road
Kihei
$845K (FS) |
This 2 bedroom Kihei home is set on the largest lot of a 4-unit residential CPR. The entire yard and home have been fenced, with a lot of land in the backyard for whatever you want to do.
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575 Linekona Place
Wailuku
$875K (FS) |
Flexible floorplan between front and back of the home which is perfect for extended ohana or rental. This home offers a close location to a popular surfing spot. Remodeled 3 bedroom 2 bath interior on the rear of the home in 2021. Vaulted ceilings, wood cabinets, modern tile in kitchen and baths with waterfall counter in the kitchen. Gorgeous ocean view from a wrapped deck.
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512 Pohaku Street
Kahului
$975K (FS) |
Hollow tile home near Kahului Community Center. Newer exterior/interior paint, newer roofing, upgraded floring, 441 s.f. enclosed patio with bathroom connected to main dwelling for additional living area. Also attched by breez away is a 364 square foot utility building with potential repurpose for an attached ohana.
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Vacation Condos Over $1M
Menehune Shores 524
Kihei
$1.425M (FS)
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Indulge in beachfront living and captivating ocean views at this spacious 2 bedroom, 2 bathroom condo in South Maui. The property is located within the desirable hotel zone and offers convenient access to world-class beaches, variety of dining options, and exciting activities. Unwind in comfort and style with the condo's recently installed split A/C system (2022) and beach view.
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Kaanapali Royal N-302
Kaanapali
$1.998M (FS)
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This 2 bedroom, 2 bath spacious 1,467 sq.ft. Kaanapali Royal unit has outstanding ocean and island views and features an expansive lanai, adding another 380 square feet of outdoor living space. Upgraded master bath and air conditioning, enclosed master bedroom lanai, enclosed second bedroom lanai, furnishing included.
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Mahana 609
Kaanapali
$2.75M (FS)
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Introducing a stunning 2 bedroom, 2 bathroom direct oceanfront residence. This spacious corner unit boasts a generously sized patio with extra windows, enhancing the unit with natural light while taking in breathtaking views. The property has been tastefully updated with granite countertops and custom cabinetry.
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Vacation Condos Under $1M
Kihei Bay Vista C-103
Kihei
$687.5K (FS) |
If you are new to the island, you are sure to fall in love. With only 60 units total, all 1 bedroom and 1 bath unit allows for more quiet and intimate feel. Unit is situated perfectly within the complex, away from S.Kihei Road, close to the pool but not too close. The current owners have owned the unit for 11 years, during that time, it was not in a vacation rental seeting.
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Valley Isle Resort 301-B
Kahana
$769K (FS) |
Enjoy breathtaking sunsets from this fabulous corner unit located on Kahana Beach. You'll love the beautifully upgraded kitchen and bathroom, with cherry cabinets and granite counter tops, recessed lighting, tile floors throughout, two lanais, and gorgeous ocean views from both the living room and the bedroom, plus a walk-in shower.
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Maui Vista 3107
Kihei
$799K (FS) |
This unit faces the direction of a serene garden views, with the pool nearby and the ocean in the distance. You'll love how conveniently located #3107 is to the complex's lifestyle amenities while being privately tucked away from the hustle and bustle of South Kihe Rd. Custom-remodeled in 2006 and at various times thereafter, this unit features practical functionality in its living spaces.
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Nani Kai Hale 603
Kihei
$840K (FS) |
This stunning top-floor 1 bedroom, 2 bath beachfront condo boasts mesmerizing ocean views from the living room and bedroom, making every day feel like a vacation. New split ac units, bamboo flooring throughout, luxury furnishing, and vacation rentals permitted, seize the opportunity for a great investments property. Fully furnished and turnkey condo unit.
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Residential Condos Over $1M
Wailea Point 3404
Wailea
$3.645M (FS)
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Unit is a delightful 2 bedroom, 2 bathroom upper-level, privately located, & meticulously maintained residence, within the highly-coveted, low density, lushly landscaped, & world-class tropical paradise known as Wailea Point. Upon entering the residence, you are transfixed by the lovely pastoral-framed Ocean, Molokini Crater, & Island of Kaho’olawe views.
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Residential Condos Under $1M
Harbor Lights D-218
Kahului
$265K (FS)
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A newly updated 2 bedroom, 1.5 bath condo is priced to sell. Great central location. close to everything, walk to shop, restaurants, movie theaters, and the beach. Minutes to the MACC. Recently installed new flooring and updated bathrooms and kitchen. Enjoy ocean views of Kahului Harbor and the West Maui Mountains.
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 Southpointe at Waiakoa 7-201
Kihei
$570K (FS)
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Discover the home you've been dreaming of, where convenience meets comfort in this well-maintained 2 bedroom, 1.5 bathroom corner unit on the second floor. Step inside to find an inviting open kitchen equipped with a new diswasher, along with a dining area flowing seamlessly into a bright, sunny living space.
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Keonekai Villages 27-206
Kihei
$645K (FS)
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This island-style 2 bedroom, 2 bathroom residence is tucked away from the parking lot, offering super quiet, peaceful living. This second-floor corner unit is very private and sits in a garden area of the complex, providing you with a serene home environment. Enjoy the convenience of modern amenities with two full bathrooms, an in-unit washer and dryer.
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Cottages at Kulamalu 19
Pukalani
$999K (FS)
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This charming 3 bedroom, 2.5 bathroom home is tucked away in a great location within the complex, offering a sense of privacy and tranquility. With a low-maintenance backyard, you'll find ample opportunity for outdoor relaxation and entertainment.
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Vacant Land
36 Ohia Lehua Place
Pukalani
$595K (FS)
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An incredible opportunity for a blank canvas on which to build a dream home in gated subdivision Up Country: Kulamalu Hilltop. Live the Up Country lifestyle while still conveniently located near shopping, restaurants, some of the most sough-after schools on Maui, and much more. Possible ocean views from this nearly 1/4 acre parcel.
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0 Makena Alanui Road
Makena
$10.995M (FS)
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A rare Makena beachfront opportunity. Fulfill your lifelong dream of crafting your very own Makena beachfront home. Turn your vision into a warm and welcoming reality, where dreams take palce and memories are made. Makena Alanui is nestled along the pristine shores of Po'olenale Beach, affectionately known as 'Chang's Beach."
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