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Aloha
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In this newsletter:
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A Custom Oasis in Makena
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Market Update
The Effect of the Corona Virus on the Maui Real Estate Market
The impact on our real estate market will be entirely dependent on how soon the Corona Virus can be contained. If the extraordinary measures being taken across the country work within the next several months, we expect that any downturn in our real estate market will be short-lived and modest.
In fact, given that most people view real estate as a long term investment, we may see little or no downturn in prices. With interest rates dropping to historic lows, we may very well see an increase in buying. Coupled with our extremely low inventory, this should help buoy prices.
Of course, we don’t have a crystal ball, and although we hope that the above scenario plays out, we cannot be certain.
What we do know for certain is the following:
• Maui is and always will be a world class destination sought after by investors around the world.
• The corona virus will eventually be contained.
• This is not 2008! The banks are not in distress with lots of bad real estate loans on their books.
We wish you all good health. Stay safe and let us know if there is anything we can help you with.
Mahalo Nui Loa,
The Smith Team
P.S. Bands of rain and thunderstorms have created an environment for flash floods across the Hawaiian Islands. The main islands being affected are Kauai and Oahu, but Maui residents are also encouraged to be vigilant and drive carefully during such heavy rain.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B)
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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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436 (272)
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225 (59)
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1128 (311)
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-2 |
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Condos
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489 (178)
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276 (74)
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1613 (232)
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+35 |
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Land
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312 (95)
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52 (18)
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169 (23)
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-1 |
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Total
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1237 (545)
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553 (151)
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2910 (566)
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+32 |
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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 number of active listings from the previous week.
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Homes Over $1M
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2771 Kauhikoalani Pl
Haiku
$1,085,000 (FS)
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Come home to this beautifully appointed 4 bed, 3 bath home in the Kauhikoalani Subdivision. You will feel like you've walked into a brand new home with new carpet, new paint and new flooring. Cooking is a delight in the gorgeous kitchen with Avonite counters, light up Cherry wood cabinets and a kitchen nook area.
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34 Hale Makai Pl
Kahana
$1,725,000 (FS)
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One of the largest homes located on the Lower Honoapiilani Road in Kahana is now available for purchase! Fully renovated in 2019, this three-level, 5 bed, 5 bath estate offers spacious & modern interior decor! Sold furnished.
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1033 Kai Hele Ku St
Lahaina
$2,875,000 (FS)
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This 3 bed, 2.5 bath hill top home offers breathtaking views and supreme privacy. The unobstructed and protected views toward the ocean are spectacular and include Lanai, Moloka'i, and Kaho'olawe. Coastal views take in the entire valley, all the way to Lahaina Town along with sweeping and breathtaking sunsets. The home’s entry is enclosed by a lava rock walled courtyard. Floor length windows open to mountain views and breezes.
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4809 Lower Honoapiilani Rd
Kahana
$15.5M (FS)
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This alluring, oceanfront, 7 bed, 8.5 bath estate rests on 1/2 acre of prime land in Kahana with over 250 ft. of lineal ocean frontage providing panoramic ocean views, sweeping views of the neighbor island of Lanai and glimpses of Molokai. Perfectly located between Kaanapali and Kapalua Resorts, this stunning property has no equal in the Hawaiian Islands - a legacy residence or intimate retreat.
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Homes Under $1M
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1720 E Vineyard St
Wailuku
$495K (FS)
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This is a fantastic opportunity to own a 3 bed, 1.5 bath home in central Wailuku. Bring your handyman/contractor. House does need repairs but there is great potential.
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985 Kapuhau Pl
Kihei
$540K (FS)
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A great opportunity to own a 4 bed, 2 bath main house and a 1 bed, 1 bath cottage in Kihei. With a little TLC, this could be a dreamy home with ability to have additional income from the cottage. Located near shopping, commerce, schools and Maui's famous water sports.
This is a Bank Owned Property.
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635 Hoene St
Maui Uplands
$735K (FS)
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Located in Maui Uplands, this impeccably maintained 2 bed, 2 bath home with a large loft and kitchen with top-of-the-line appliances has spacious decks where you can enjoy outdoor living at its best. The fully fenced and gated yard is landscaped for maximum privacy and there is a separately fenced yard for dogs, or kids, or a garden.
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532 Komo Ohia St
Wailuku
$735K (FS)
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A prime opportunity to own a 4 bed, 3 bath house located in a very desirable neighborhood of Ohia at Kehalani. Located close to shopping, entertainment, schools, the hospital and a short drive to the beach or airport.
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Vacation Condos Over $1M
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Papakea Resort I II #H405
Kahana
$1.4M (FS)
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If you have been dreaming of a turnkey opportunity to own a vacation rental property in Maui, take note of this quality gem at Papakea Resort in West Maui. After a top to bottom renovation, it has been operating as a successful VRBO getaway for over a decade with repeat guests and rave reviews. This 4th floor, 2 bed, 2 bath penthouse can accommodate a large gathering with the 1144 sf. floorplan that is a rare find. When you step inside, you are transported to “vacation mode.”
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Montage Residences Kapalua
#6201
Kapalua
$2,850,000 (FS)
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A truly one-of-a-kind opportunity to own a 3 bed, 3.5 bath unit along the West Maui shoreline, overlooking the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai. Located within the renowned Kapalua Resort, home to two championship golf courses, miles of hiking trails and an array of ocean activities.
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Honua Kai - Konea #NR449
Kaanapali
$3,050,000 (FS)
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Konea 449 is a 3 bed, 3 bath unit in the heart of Kaanapali. It's loaded with upgrades such as wooden floors in the living room and master bedroom as well as a designer furniture package. Enjoy cooking gourmet meals in your Viking kitchen. This home sleeps eight comfortably. Watching whales as the sun sets while sipping wine on your lanai makes for a perfect ending to your day.
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Vacation Condos Under $1M
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Kihei Resort #112B
Kihei
$350K (FS)
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Experience magic, tranquility and relaxation while being nestled in the lush landscape surrounding this unique 1 bed, 1 bath unit. The wonderful Hawaiian breeze will keep the unit cool and comfortable all year.
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Hono Kai #A16
Maalaea
$374K (FS)
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This 1 bed, 1 bath unit in Hono Kai, a beachfront complex in Maalaea is not only affordable and cute as can be but also very conveniently located. Just about equal distance between Kihei, Lahaina, and the north shore it is also walking distance to Maalaea boat harbor, Maui Ocean Center, shops and restaurants. You can also do the 3 mile beach walk to north Kihei.
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Grand Champions #187
Wailea
$695K (FS)
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This is a very spacious ground floor, 1 bed, 2 bath apartment with a lovely garden view and great proximity to one of two pools. Enjoy a new washer, dryer, stove and fridge. The lanai has been redone with beautiful tile. Being sold fully furnished.
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Lauloa #105
Maalaea
$739K (FS)
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Come and enjoy your own slice of paradise! This upgraded 2 bed, 2 bath ground floor unit comes fully furnished. The design features two master suites so everyone is comfortable. Wake up to the beautiful ocean views. Enjoy stainless steel appliances, upgraded finishes and the ocean views make cooking in the kitchen so much more enjoyable.
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Sugar Beach Resort #530
Kihei
$769K (FS)
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A front row, 1 bed, 1 bath oceanview condo at the coveted Sugar Beach Resort. The music of the ocean waves flows in when you open the lanai door. This wonderful unit is on the 5th floor and front row to some of the most gorgeous sunsets in all of Maui.
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Kaanapali Plantation #41
Kaanapali
$840K (FS)
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Unit #41 is a fabulous 3 bed, 2.5 bath, two-story private condo with many upgrades. Enjoy distant views of the ocean and the islands of Molokai and Lanai. Relax and barbecue on your lanai. Both lanais are very private, one off the living room measures 24’ X 8’ and the other lanai measures 12’ X 8’ and is off the master bedroom. The first-floor kitchen has beautiful cherry wood cabinets and glass vintage pendant lighting.
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Residential Condos Over $1M
Keala O Wailea #102
Wailea
$1,299,000 (FS)
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This 2 bed, 2 bath Keala O Wailea unit has an amazing view with a large floor plan overlooking the stunning tropical pool and the Wailea Blue Golf course. Walk to 6 Restaurants in less than 5 minutes. The unit is just 1 year old with all the amenities including 2 parking spaces, a carport with extra storage, and a large lanai with propane plumbed in for your private outdoor kitchen.
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Hokulani Golf Villas #14
Kihei
$1,325,000 (FS)
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Perched across from the Maui Nui Golf Course, this freshly painted, beautiful, 2-story home is the most sought after and spacious 4 bed, 3 bath floor plan on one of the largest lots in this gated community. With Haleakala and Pacific Ocean views from the quiet upstairs master and guest bedrooms, the golf course facing your backyard, and an oversized covered lanai for an indoor-outdoor lifestyle, this private residential condo truly is a gem.
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Residential Condos Under $1M
Iao Parkside III #27-105
Wailuku
$335K (FS)
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A clean & well-maintained ground-floor, 2 bed, 1 bath unit at Iao Parkside with its own adorable fenced-in-yard and covered lanai. The original owner has occupied the unit since it was brand new, which shows great pride of ownership. Upgrades include: beautiful wood laminate floors installed in the bedrooms & hallway; new kitchen cabinets & counters; a totally remodeled bathroom, including a walk-in shower, tile flooring & more.
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Southpointe at Waiakoa #25-101
Kihei
$389,900 (FS)
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You'll love this ground floor, 2 bed, 1.5 bath updated condo tucked away in a quiet corner of Southpointe at Waiakoa. Plus you get your own private, fenced back yard for additional living space, gardening, and you can landscape it with taller plants to provide additional privacy. The unit is updated with new luxury vinyl plank floors, granite counter tops, bathroom vanities, all new stainless appliances, and fresh paint throughout, making this home ready to move in.
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750 Lanina Pl
Maui Meadows
$489K (FS)
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This is a chance to build a new Maui Meadows home. This is a rough irregular lot with a drainage easement area. There appears to be a good chance to get an ocean view from a second story home. County water meter is in.
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