Aloha
In this newsletter:
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Sapphire Seas
1498 Halama Street
Kihei
$12.75M (FS)
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Astounding Swells, Surf & Sea Level Rise
Photo Credit: Freight Trains by Brian DeCook, 7/17/2022
Over the past weekend a trifecta of events transpired to produce some of the largest swells to hit the south shores of the Hawaiian islands in over a decade. A combination of factors from hurricane Darby, winds, and high tides combined to form historic swells. Wave heights reached up to 24 feet on Saturday and caused the most damage at Keauhou on Hawaii Island where they crashed over a 2-story residential complex, according to Hawaii News Now.
This south swell hit the other islands too, disrupting some coastal roads and businesses on Oahu, Kauai and Maui. Maui experienced road closures, traffic delays and business disruptions along S. and N. Kihei roads, Honoapiilani Hwy and at several businesses near Mala Wharf along Front Street in Lahaina, according to a Maui Now news article. Thankfully, the Maui and Kihei Canoe Clubs suffered no damages to their canoes which were moved away from the shoreline by dedicated members and volunteers, though the beaches were left with coral rubble and flooded in some areas.
This historic swell also made for rare and desirable surf conditions at one of Maui’s legendary surf spots, Freight Trains at Ma’alaea harbor (pictured above). You can check out this amazing video footage of Freight Trains taken on Saturday, July 17th, 2022. One surfer and writer who has lived in the Hawaiian islands since the 1970s said he waited 3 decades to understand the hype about surfing Ma’alaea at its best. He wrote about it back in 2004 and his description below still rings true. You can read his article here.
“In surfing lore, Maalaea is touted as the world’s fastest rideable wave. The waves initially pass over the deep waters of Maalaea Bay, then gain speed as they approach shallow water; the flat coral bottom and brisk offshore tradewinds do the rest. When the winds meet the cresting waves head-on, huge plumes of sea spray ascend high into the air, often forming rainbows.”
In light of this weekends’ epic swells and coastal surge floods, it feels important to mention a new law SB474 that was recently passed which impacts owners and buyers of Hawaii real estate in coastal zones. This year Hawaiʻi became the first state in the U.S. to require ‘sea level rise’ disclosures in real estate transactions. Sellers must disclose whether a property lies within the sea level rise exposure area and thus if the property is at risk from sea level rise and coastal erosion. The Surfrider Foundation offers a nice overview and summary of the law and why it’s important.
The importance of SB474
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Ensures that buyers understand/acknowledge the risks associated with purchasing and owning property in the coastal zone;
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Strengthens the state’s and counties’ abilities to deny emergency permits for shoreline hardening structures for private property threatened by coastal erosion (as the buyer willingly assumed the risks when they purchased the property).
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Offers a science-based solution to the problem of sea level rise and coastal erosion.
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Took effect on May 1, 2022.
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Properties affected are those that fall within the 3.2-foot sea level rise projections by 2050 (see the Sea Level Rise Exposure Area Map (SLR-XA)).
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Supported by the Hawaiʻi Association of Realtors. Disclosure is already required in flood and tsunami zones and the real estate industry is equipped to adopt an additional disclosure statement into their transactional paperwork.
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The Sea Level Rise Exposure Area Map (SLR-XA) is publicly available online.
- Recent updates in the last year now make it possible to easily identify properties in the Sea Level Rise Exposure Area down to a specific TMK.
- Using SLR-XA is more comprehensive than “beachfront” as it takes into account the combined impacts of SLR (e.g. flooding and coastal erosion).
- The State of Hawaiʻi is required by law to protect public trust lands, which include beaches and coastlines.
If you have questions or concerns about how sea level rise may affect your sale or purchase of property on Maui, please contact our team. Meanwhile, we hope you stayed safe over the weekend.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. As this weekend’s south swells subside, beginner and intermediate surf enthusiasts may feel inspired to get some surf instructions. We recommend you check out Soul Surfing Maui. Brian DeCook is the owner and an old friend of the Smith family who has been teaching surfing since 1992!
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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243 (207)
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181 (86)
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1247 (698)
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NC |
Condos
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222 (105)
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239 (122)
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1980 (589)
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+1 |
Land
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103 (51)
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40 (12)
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294 (96)
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+3 |
Total
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568 (363)
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460 (220)
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3521(1383)
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+4 |
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
Homes Under $1M
2153 D Holowai Road
Wailuku
$650K (FS) |
Nestled in upper Happy Valley, the home and ohana have a 30'x35' greenhouse. Holowai Place is partial public and partially private road. Owners are in the process of securing easements to the property through a non- exclusive easement.
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63 Nakoa Drive
Wailuku
$885K (FS) |
There are 4 bedrooms and 2 bathrooms with large open family living room, dining area and kitchen. The covered patio at the back can be flexible room, great for entertainment. There is also unfinished half bathroom. A lot of storage throughout the house. Carport can fit 2 cars tandem. The house does need TLC, ready for personal touch.
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1590 Kauhikoa Road
Haiku
$986.8K (FS) |
Bank Owned. This single-family residence has four bedrooms and sits on approximately 87,120 square feet. Put on your designer touches and make it your dream home. All potential buyers are asked to check with City, County, Zoning, Tax, and other records to determine all details on this property listed above to their satisfaction.
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137 Mahola Street
Makawao
$997K (FS) |
The house is a 4 bedroom, 2 full bath one level with attached carport. The separate cottage has 1 bedroom 1 bath. The yard has room to garden. Great convenient Makawao location, across of Eddie Tam gym. Within walking distance of post office, public transportation, and Makawao town.
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Vacation Condos Over $1M
Koa Resort 2-1
Kihei
$1.225M (FS) |
This gorgeous condo was beautifully and tastefully renovated in 2021-2022. There is a magnificent large, heated swimming pool and spa, very well-maintained grounds with expansive lawns, a putting green, 2 tennis courts, a barbecue pavilion, shuffleboard and ping pong.
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119 Ponana Street
Kihei
$2.195M (FS)
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A newly completed single-family home that boasts awe-inspiring ocean. Haleakala views, a timeless open concept layout and upgraded finishes throughout. Seamlessly creating the perfect combination of bliss island living, contemporary charm, this home encompasses 1,532 sf of living space with 3 bedrooms and 2 bathrooms.
Customer Listing Synopsis
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Kaanapali Alii I-504
Kaanapali
$3.5M (FS)
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A luxury resort and beachfront residence or vacation rental on the world famous Kaanapali Beach. Desirable inner courtyard location with breathtaking southwest views over the beach side pools and lush tropical gardens to the coastline, ocean, and outer island view. This spacious 2 bedroom 2 bath unit has an open floor plan, separate dining area, oversized covered lanai to enjoy the breeze.
Customer Listing Synopsis
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Montage Residences 2206
Kapalua
$3.8M (FS) |
Relax amidst the Tranquil Tropical ambiance of this exquisite Grand Residence. 3 substantially large Ensuite Master and Guest Master bedrooms, 3.5 spacious and luxurious baths, plus Den/Office/Guest Room, all moments from the mesmerizing Azure seas of Kapalua Bay.
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Vacation Condos Under $1M
Hono Kai A-4
Maalaea
$565K (FS)
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One of Maalaea's rare white sand beaches is right out front, so it's a great place for all kinds of water sports or just getting some sun. Hono Kai A4 is one of the units closest to the ocean. It feels like a beach bungalow with its color palette and decor. There are ocean views from the kitchen, living room, bedroom and lanai. Views of Haleakala are picturesque especially when the sun is setting and all the colors light up the house of the sun.
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Valley Isle Resort 305-B
Kahana
$860K (FS)
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Watch the whales and sea turtles right on your lanai, while enjoying the rhythmic sounds of waves. Bask in the Hawaiian sun and immerse yourself in the peaceful feeling of Aloha at Valley Isle Resort. This spacious 768 sq ft one bedroom furnished condominium has amazing panoramic ocean views.
Customer Listing Synopsis
Video/Virtual Tour
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Kihei Parkshores 14
Kihei
$899.9K (FS)
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Beachy chic ocean view boutique small 16 unit complex with pool and ample lawn area, assigned 1 parking. Located in the heart of Kihei across the street to all you would need. Kalama skate board park, roller rink play structure area for kiddos picnic areas, volley ball, basket ball and that's just the beginning one of the best areas to learn to surf or paddle board.
Customer Listing Synopsis
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Residential Condos Over $1M
Masters 501
Kaanapali
$1.025M (FS)
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The private location features an expansive lawn off the lanai and around the side, and lush landscaping makes for a private retreat. A rare floor plan, this corner, end unit has no other units above or below. Vaulted ceilings create an expansive airy feel, and windows open to Maui’s tropical breezes.
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Hokulani Golf Villas 124
Kihei
$2.295M (FS)
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This 3 bedroom 2.5 bath with developer converted den for use as a fourth bedroom comes turn-key ready and furnished. This was one of the many of the $60K in developer upgrades. The primary bedroom is conveniently located on the ground level with excellent ocean and sunset views.
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Residential Condos Under $1M
Harbor Lights B-310
Kahului
$225K (FS)
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Great starter home or investment property in central Maui. Complex includes in-ground pool, BBQ area, kai pond and coin operated laundry in each building. Next to Maui College, close to the MAC and Queen Ka'ahumanu Mall. Beaches, parks, schools are all in walking distance.
Customer Listing Synopsis
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Spinnaker B-214
Lahaina
$424.9K (FS)
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Great opportunity to own an upgraded unit located in B building in the Spinnaker Condominium complex in downtown Lahaina. Lifeproof flooring throughout, freshly painted with a custom tiled shower. Close proximity to all the fun things to do in Historic Lahaina Town, restaurants, cafes, art galleries, shopping and the Harbor.
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Kahului Ikena 125
Kahului
$525K (FS)
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Two bedrooms, each with an en suite bathroom. Two parking stalls. Pets allowed. Unit 125 is a second floor, end unit. It is bright and welcoming. Newer range, dishwasher, water heater, and washer/dryer. Split-system AC in the living room. A chic, remodeled kitchen and remodeled primary bathroom.
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Hale Kanani 4-205
Kihei
$840K (FS)
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This beautiful and meticulously maintained 3 bedroom, 2 bath, furnished, pet friendly condo has a peaceful garden view and is only steps to The Cove, a fun surf spot for beginners on Maui's South Shore. Also, across the street from Charley Young Beach, boasting white sand, blue water and epic sunsets.
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Cottages at Kulamalu 4
Pukalani
$899K (FS)
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This 4 bedroom and 3 full bath abode offers both an Ocean and Haleakala View along with added privacy with its unique location in the complex. Graced with high ceilings, central air, recessed lighting, faux wood flooring, and stainless steel appliances. Solar hot water, two car garage, separate laundry room, walk-in pantry, and an outdoor entertainers area.
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Vacant Land
0 Kula Highway
Pukalani
$899K (FS)
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This is a fabulous opportunity to own a 2 acre rural zoned lot across the street from King Kekaulike High School along Kula Highway before Carden Academy. Many mature trees, a super convenient location, and driveway access that only allows a turn uphill. Water meter on adjoining lot with an easement. Ocean and mountain views with a park-like setting to nestle your family home and cottage.
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