|
Aloha Valued Subscriber
|
In this newsletter:
Short Sales
Homes
Condos
Land
New Properties (0)
Price Reductions (0)
|
Ultimate Beachfront Bohemian Retreat
|
Market Update
Loftium is a new Seattle based company helping prospective home buyers with up to $50,000 as a down payment in exchange for being an AirBnB host for 1-3 years. Homeowners will have to rent out a room in their new home and share the rental income with Loftium as re-payment for the down payment.
Many renters, would be home buyers, struggle to save enough for a down payment as they are stuck paying high rents and often also paying off student loans.
The entrepreneurs at Loftium developed an algorithm which predicts how much income a room can generate and then determines the size of the down payment that can be granted. The borrowers then must list the extra room on AirBnB year-round with 8 free days and pay Loftium approximately 2/3 of the generated income.
Currently the only bank working with Loftium is Umpqua Bank but they hope to expand to more lenders and be in more cities in the near future. Fannie Mae is interested in working with them but is waiting to see if there is high enough demand for this new type of service.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - Maui's fourth annual Paddle for a Cure will take place along the Kaanapali shoreline on October 8th beginning at 7 am and ending with an after-party at the Hyatt featuring Anuhea. The event aims to raise $55,000 for The Susan G. Komen Hawaii for Breast cancer awareness and prevention programs.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B), Lindsey Taylor R (S)
Market Watch
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
518 (280)
|
266 (43)
|
1089 (251)
|
+6 |
|
Condos
|
641 (187)
|
292 (34)
|
1360 (177)
|
+6 |
|
Land
|
331 (124)
|
47 (9)
|
216 (20)
|
+2 |
|
Total
|
1490 (591)
|
605 (86)
|
2665 (448)
|
+14 |
|
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.
|
|
Homes Over $1M
1266 Moohele Street
Wailuku
$1,099,999 (FS) |
Pride of ownership in the detail and planning of this custom designed 2-story home in one of the most well established and highly desired Waikapu neighborhood. Newly built in 2014. Total sq ft of covered space measures out to approximately 4,244. The upper level includes a spacious bonus room that can be used for a cozy retreat after your daytime activities, den/study, and the 3rd full bathroom is at the top of the stairs.
|
30 Pihaa Street
Kaanapali
$1.395M (FS) |
30 Pihaa with its welcoming floor plan, large 4 beds, 4.5 baths and secluded pool deck area is just that, home. Encompassing over 3,100 sq ft, 30 Pihaa offers ample space for families to enjoy and with a "dog run" area in the back yard area even the animals will love it here! Great location in west Maui, conveniently located to some of the finest beaches, shopping and dining in Hawaii.
|
 225 Ohaoha Place
Makawao
$1.395M (FS) |
Welcome to Mauna'olu Plantation Estates. This highly sought after gated neighborhood is conveniently located within minutes of Pa'ia and Makawao Town, Maui's vibrant North Shore beaches and several of the finest schools in Upcountry Maui. Situated on two acres, this 2,291 sq ft single level, custom built 4 bed, 3 bath home offers views of both Mt. Haleakala and Mauna Kahalawai, aka, the West Maui Mountains.
|
15 Lahaole Place
Wailuku
$2.05M (FS) |
Simply amazing price for this high end luxury home. Nearly 9,406 sq ft under roof (including garage and lanais). From the moment you escape to this incredible luxury custom 8 bed, 5.5 bath home and take in the truly spectacular views, you will fall in love with this wonderful property. This gated and private estate is a masterpiece of design and craftsmanship.
|
Homes Under $1M
805 Ku'ulei Street
Haiku
$359K (FS) |
Bank Owned - Diamond in the rough! This property is only available to the buyer who acts now. 805 Kuulei St, Haiku, HI is a single family home that contains 1,296 sq ft and was built in 1985. It contains 3 bedrooms and 2 bathrooms.
|
2887 Ualani Place
Pukalani
$785K (FS) |
This beautiful home sits on the 10th fairway of the Pukalani Golf Club, which is probably the prettiest setting on the entire course, overlooking the pond and its resident ducks. Very recently remodeled this 3 bed, 2 bath home with covered lanai and attached 2 car garage is in immaculate condition.
|
650 Pakanu Street
Haiku
$975K (FS) |
This newly painted plantation style estate nestled in a lushly landscaped area of Haiku near 5 corners. The main house has an open concept living and dining room with 3 beds, 2 baths, bamboo flooring, and large covered lanai. In addition across a lovely shallow ravine and with its own separate entrance lies a 3 bed, 2 bath cottage surrounded by tall eucalyptus trees.
|
202 Kahana Ridge Drive
Kahana
$999,999 (FS) |
Perfectly nestled on the northern ridge line where Kahana Ridge transitions to the verdant beauty of Napili lives your new 4 bed, 3 bath home at 202 Kahana Ridge Drive. Location, a fully useable and private backyard, as well as expansive vistas (ocean, Molokai island, and the lush slopes of Mauna Kahalawai) differentiate this home from others in Kahana Ridge.
|
Vacation Condos Over $1M
Napili Lani #309
Napili
$1.199M (FS) |
Seldom available, this legacy property is located in the elegant Napili Lani complex located in the Napili Kai Beach Resort which recently celebrated its 50th Anniversary. Once you arrive at this 1 bed, 2 bath unit you can feel your whole body and mind relax when you view the white sandy beach of Napili Bay with turtles swimming in the bay, lush greenery and the enchanting fragrance of topical flowers.
|
Palms at Wailea #608
Wailea
$1.199M (FS) |
High occupancy rate as owners are aggressive in their marketing with VRBO, Homeaway, Air BnB et al. This second floor, 2 bed, 2 bath corner condo is very bright and cheerful and beautifully maintained. Elegantly furnished, sunken living room, high sculpted ceilings, large lanai. Granite counter tops, newer side by side refrigerator/freezer, newer stove top.
|
Wailea Elua #705
Wailea
$1.695M (FS) |
Beautifully maintained 2 bed, 2 bath unit with two patios allowing one to enjoy wonderful sunrises and sunsets. This unit is one of only a select few in the complex that has an oversized garage. Situated conveniently a short distance from the pool, beach and fitness center, come and enjoy this “neat as a pin” Condominium Unit.
|
Wailea Ekahi #43A
Wailea
$1.775M (FS) |
Unit 43A is a redecorated and refurbished 2 bed, 2 bath ground floor condominium with approx. 1500 sq ft of inhabitable space, an oversized lanai leading to a large garden area and a second private lanai off the master bedroom. The unit is characterized by an open great room that flows easily from the kitchen to the living room and dining room, separated by coordinated granite countertops, designer backsplash and a four seat counter for casual dining.
|
Whaler #1223
Kaanapali
$2.395M (FS) |
Stunning penthouse views of the majestic Pacific and Kaanapali Beach. Whaler 1223 offers a southern exposure on the inner courtyard of Tower I. This beautifully upgraded suite is a top floor 2 bed, 2 bath corner unit with over 1,440 sq ft. Here you will find Travertine tiles throughout, Granite counter tops, SubZero wood panel refrigerator and freezer, Bosh Dishwasher, and Thermador Stove-top and oven and a personal washer/dryer.
|
Vacation Condos Under $1M
Aina Nalu #C-207
Lahaina
$465K (FS) |
The very best location at Aina Nalu for the resort lifestyle in the heart of Lahaina Town, just blocks from historic Front Street, Lahaina Harbor, and the Banyan Tree. C207 is a 2 bed, 2 bath condominium with views of the West Maui mountains, open green space, and large pool. The unit features high ceilings, slate tile flooring, designer paint colors and finishes, and a custom glass tile backsplash in the kitchen.
|
Grand Champions #53
Wailea
$599.5K (FS) |
Ocean views grace this remastered Wailea condo with exceptional kitchen, baths, and flooring just moments to the beach. Book your exclusive tour of this 1 bed, 2 bath Grand Champions unit complete with furniture. You’ll be sure to love the two pools on the property and you are just moments to Wailea golf and tennis clubs.
|
Wailea Ekolu #1604
Wailea$840K (FS)
|
This spacious, gorgeously updated 2 bed, 2 bath Wailea Ekolu condo has provided a comfortable refuge for its owners while also delivering an outstanding track record of rentals with rave reviews. The unit was completely remodeled with the help of a professional designer in 2011. The whitewashed, vaulted ceiling, tile floors, granite counter tops and nicely upgraded bathrooms are all of the quality you would expect at a destination resort like Wailea.
|
Residential Condos
Harbor Lights #B-406
Kahului
$96.9K (FS) |
Bank Owned - This is not a short sale. This is your chance to make this penthouse location in Harbor Lights Great Again. Own a piece of Maui in a central location, close to university, Maui Arts and Cultural Center, near Queen Kaahumanu mall, airport and Wailuku business district.
|
Puuone Towers and Plaza #312
Wailuku
$235K (FS) |
Totally remodeled in the year 2015, this unit offers gorgeous ocean and mountain views in building with secure entrance and pool. The huge renovation included: new granite kitchen counter tops, new kitchen cabinets, new kitchen appliances, including refrigerator, range and built-in microwave, track lighting, 18 x 18 ceramic tile flooring throughout the kitchen, living room, bathrooms, and on the lanai.
|
Kehalani Gardens #1306
Wailuku
$438K (FS) |
Rare opportunity to offer the most desired floor plan in Kehalani Gardens with only one attached neighbor and no units above you. Completely Turn-Key! This is a private fully furnished 3 bed, 2 bath corner end location that includes a wheelchair accessible ramp to the front door, 2 parking spaces#162 and #165 (1 covered/1 uncovered) directly in front of the unit with a fully fenced back yard.
|
Ke Alii Ocean Villas #E-104
Kihei
$769K (FS) |
This beautiful, well maintained 2 bed, 2 bath residential condo is a perfect primary or secondary residence. Ke Alii Ocean Villas is a newer subdivision of larger, residential condos. A great buy with beautiful upgrades of Brazilian teak hardwood in the living area and a stunning African Mahogany custom built floor to ceiling cabinet are wonderful additions to the living area.
|
Vacant Land
375 Kapanui Place
Wailuku
$225K (FS) |
Affordable vacant lot (8235 Sq.ft) in the heart of Happy Valley. Lot is level and ready to build and includes water meter. Located on a cul de sac with awesome mountain views. Located close to county and state buildings.
|
18 One Kea Place
Wailuku
$310K (FS) |
Build your dream home here. Situated within Maui Lani master planned community, Sandhills estates consists of 108 home sites many of which have been built out with beautiful custom homes. 18 OneKea Place is a premier ocean view lot located in the upper portion of this gated subdivision offering expansive views.
|
|
