Aloha
In this newsletter:
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Luxury West Maui Estate
220 Paia Pohaku Place
Launiuopoko
$4.5M (FS)
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Hawaii Ranks 9th in Ultra High-End Real Estate
The ultra high-end real estate market (properties sold at or over $10M) saw record-breaking high volumes in 2021, a trend which does not appear to be slowing down in 2022. The Hawai'i Business Journal reported Hawai’i ranked 9th across 30 markets nationally for ultra high-end home sales, behind Los Angeles, NYC, and Palm Beach, Florida, which took 1st, 2nd and 3rd place respectively.
Hawai’i saw 78 sales in this ultra luxury category, three times the amount of the previous year, at a dollar volume of $1.1 billion. Despite a narrow inventory, Maui has centered a lot of the transactions in this unique market. In 2021, Maui closed on 217 ultra high-end sales (125-home, 83-condo, and 9 land transactions) according to an article from Pacific Business news.
The second highest recorded property sale in state history took place on Maui in 2021 at $45 million. Hawai’i island, Oahu and Kaua’i also saw luxury sales ranging from $20-$43 million last year.
Check out the Compass report to learn more about this specialty market, however, keep in mind it did not include the $78 million off-the-market purchase of Amazon founder, Jeff Bezos’ secluded South Maui property. Despite the uncertainty and potential of rising interest rates, it seems likely that Maui will remain in the spotlight of luxury sales again this year.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. As of February 21st, proof of vaccination or booster status is no longer required for patrons to dine in-doors at Maui’s restaurants. Check out this Maui Now article for more details.
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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181 (167)
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214 (115)
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1361 (684)
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-10 |
Condos
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143 (65)
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366 (158)
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2669 (734)
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-6 |
Land
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106 (48)
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65 (17)
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390 (115)
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-4 |
Total
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430 (280)
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645 (290)
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4420 (1533)
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-20 |
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
124 Ikena Kai Place
Kula
$4.188M (FS) |
This beautiful Omaopio Ridge home is accessed through a gated, stunning tree-lined drive. Breathtaking panoramic views, situated on a private 5-acre lot, this 4br/4ba, 3,768 sqft. executive property, conveys serene tropical vibes with gorgeous exotic landscaping.
Customer Listing Synopsis
Video Tour
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207 Uakoko Place
Haiku
$3.995M (FS) |
A spectacular home with breathtaking north shore views, an attached ohana and unmatched privacy with a prime cul de sac location. It's situated on nearly 3 acres with mature flower & fruit orchards , multiple lawns, edible gardens, and inspiring, newly built outdoor entertaining areas.
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3993 Maalaea Bay Place
Maalaea
$2.5M (FS)
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Here is a rare oceanfront location on Maalaea Bay Place with phenomenal ocean views. Centrally located to West Maui, South Maui and airport. The property is being sold for land value only. The main home and ohana are currently rented to long-term tenants. The structures are being sold in an "As Is" condition.
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285 Ohina Place
Kihei
$1.65M (FS) |
Fully remodeled in 2021 with a beautiful ocean view, this Indonesian-style 2db/3ba home, with a detached unit, offers utilities plus a full bathroom on the ground floor, an open concept kitchen/dining/living room with en-suite master bedroom, guest bedroom, and 2nd full bathroom on the main floor, plus a fantastic loft for indoor entertainment on 3rd floor.
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Homes Under $1M
176 Kupuna Street
Kihei
$997,885 (FS) |
This 3bd/2ba home includes an enclosed 2 car garage and a total of 1758 sf. of interior living space. The primary bedroom and family room open up to a private back yard, ideal for family entertaining. The R-2 county zoning and lot size of 7501 sf offer the potential for an ohana or pool.
Customer Listing Synopsis
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116 Hiwalani Loop
Makawao
$730,400 (FS) |
Enjoy the vast amounts of outdoor recreational activities, golfing, restaurants, and shopping just a short distance away. This residence features outdoor entertaining space, a private yard with lanai, and 3bd/2bs. Excellent opportunity to put your finishing touches on this gem.
Customer Listing Synopsis |
225 S Papa Avenue
Kahului
$650K (FS) |
Great West Maui Mountain Views from this older home in the heart of Kahului. The property needs a complete makeover, but offers a 7675 sq.ft lot with a gentle slope and ample room to either renovate or to build a new house and additional cottages. Property to be sold is being sold in an "as-is" condition.
Customer Listing Synopsis
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Vacation Condos Over $1M
Wailea Point #2903
Wailea
$5.5M (FS) |
A rare opportunity to own this 2bd/2ba unit in South Maui's most elegant, luxurious and private communities. A one million dollar, floor to ceiling, to-the-studs remodel including both bathrooms, kitchen and enclosing the lanai with retractable sliding doors, increasing the indoor living space to 1897 square feet.
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Honua Kai #742
Kaanapali
$1.975M (FS) |
Majestic ocean and island views across beautifully landscaped resort grounds await you from this lovely 2bd/1ba unit. Folding Nano doors give the ultimate feeling of the indoor-outdoor experience. New pictures are being taken and currently in a very busy rental program with limited openings to show.
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Wailea Ekahi #52-D
Wailea
$1.299M (FS) |
This single level/2nd floor breezy corner unit with 12' high ceilings to view the lush tropical garden scenery, offers an excellent home away from home experience. New bamboo flooring, A/C and enclosed outdoor space are just a few of the features that set this unit apart.
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Vacation Condos Under $1M
Hololani #302-B
Kanaha
$799K (FS)
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Enjoy incredible ocean views from your lanai of this spacious unit. Located in a quiet area on the lower road of West Maui, Hololani is a low-density complex offering privacy and beauty. The underground parking with extra storage area leads to the elevator providing easy access to this private 2bd/2ba unit.
Customer Listing Synopsis
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Kihei Kai Nani #131
Kihei
$548,880K (FS)
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Here's a fabulous end-unit condo with extra windows, light and bright, across the street from Kamaole II beach, and conveniently located near restaurants and shopping. Single level ground floor 1bd/ba furnished hotel zoned vacation rental situated in an extremely private setting with lanai and garden area. High sliding glass lanai doors and tile flooring throughout.
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Kihei Akahi #D-G16
Kihei
$499K (FS)
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This sweet little unit is in the D building at the back of the complex, away from the street noise, but just a short stroll down the private driveway to Kamaole Beach II. Located on the ground floor, when you walk into your turnkey unit, you have everything you need to live or rent long or short term.
Customer Listing Synopsis
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Residential Condos Over $1M
Kapalua Ironwoods #12
Kapalua
$3.495M (FS)
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This coveted location hasn't been offered for over thirty years. Consisting of approximately 2,113 sqft. interior space, a ground floor location with marble floors throughout has 2bd/3ba and an additional study that has many options for use. A separate one-car garage structure with storage is also included. This residence has amazing views, is near the world-famous Kapalua Golf course and is being sold unfurnished.
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Residential Condos Under $1M
Hale Kanani #2-303
Kihei
$800K (FS)
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Located in the heart of Kihei, Hale Kanani is a pet-friendly 4-building complex, situated across from Cove Beach Park and Charley Young beach. This lovely 3bd/2ba unit has wonderful ocean and sunset views from the lanai and offers a shared saline pool, jacuzzi, and BBQ area. Each unit includes two parking spaces and there is an elevator for each building.
Customer Listing Synopsis
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Villas at Kahana Ridge #836
Kahana
$699K (FS) |
This spacious 3bd/3ba unit is clean and has been well maintained. There are vaulted ceilings that allow lots of natural light along with the skylight in the third loft-style bedroom. This condo comes with a large stackable washer/dryer and AC units to keep you cool. You will enjoy amazing sunsets and ocean views on your private lanai. This complex is pet friendly and allows long-term rentals.
Customer Listing Synopsis
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Hoolea Terraces #706
Wailuku
$550K (FS)
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A beautiful, well-cared for interior that features a nine-foot ceiling throughout with ceiling fans in each room and a well-equipped kitchen offering cherry-finished cabinets. Enjoy the cool, refreshing climate with views of the Haleakala. This unit has a washer/dryer and includes 2 assigned parking stalls (92 and 93), plus guest parking.
Customer Listing Synopsis
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0 Kula Place #3-B
Kula
$899K (FS)
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Spectacular new listing in Lower Kula with water meter and underground utilities already installed. Kulaiki is an agricultural subdivision comprised of 7 lots between Kula Hwy and Lower Kula Rd just off Omaopio Rd. The property offers both south and north shore ocean views as well as Haleakala views. Kulaiki is located approximately 5 minutes driving time from Pukalani and Makawao.
Customer Listing Synopsis
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