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Aloha
Market Update
The EB-5 Program, known as the immigrant investor program is a way for foreigners to legally immigrate to the U.S. and also avoid currency restrictions which some countries impose on their citizens. The program grants entrepreneurs and their families eligibility for a United States green card if they make a substantial investment in a U.S. commercial enterprise. They must plan to either create or preserve 10 full time employment opportunities for qualified U.S. workers.
To apply, immigrant investors must have evidence that they will be engaged in the management of the commercial investment either by control of day-to-day activities or policy formulation. The required investment amount for the EB-5 program is $1 million unless a TEA (targeted employment area) applies in which case the minimum investment amount is $500K. TEA are either rural areas or places where the unemployment rate is 150% below the national average.
The EB-5 program was created in 1990 to stimulate the economy through job creation and encouraging foreigners to invest here.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - The Maui Country Department of Planning is replacing its old paper zoning maps with digital zoning maps to correct old errors. Four public meetings will be held to discuss proposed changes and hear testimony from owners. The first meeting is being held tonight at 5:30 PM at the Kihei community center.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R(B), Lindsey Taylor R (S)
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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560 (312)
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261 (57)
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1050 (226)
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+10 |
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Condos
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794 (194)
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276 (41)
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1338 (177)
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-14 |
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Land
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342 (136)
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59 (11)
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152 (19)
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-1 |
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Total
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1696 (642)
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596 (109)
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2540 (422)
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-5 |
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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
187 Haulani Street
Pukalani
$1.075M (FS) |
Here is your chance to enjoy a spacious 6 bed, 3 bath main home with vaulted ceilings and granite counter-tops and a 2 bed, 1 bath detached ohana on over .5 an acre in popular Pukalani. Known for its enjoyable weather patterns Pukalani translates to "Hole in the Sky." Enjoy huge ocean views from this large home.
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 171 West Ponana Place
Wailea
$1.65M (FS) |
Lovely 3 bed, 3.5 bath Wailea Kialoa home located on cul-de-sac. This home was designed by Farrington Bayless Architects and built in 2006. This bi-level home offers ocean and sunset views, two zone air conditioning, central vac system, 13' vaulted ceiling, spiral staircase, bamboo flooring upstairs, travertine flooring around pool, and both lanai's.
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101 Kuau Beach Road
Kuau
$2.25M (FS) |
This well designed, special Maui Beach House is tucked away on a quiet street in Kuau. Private from neighbors, but just a short stroll to Tavares Bay and downtown Paia, wake up with Humpback whale views from the master bedroom. Situated on over 1/2 acre of land, with ocean views aplenty, this home includes 3 beds, 2.5 baths and vaulted ceilings in the master bedroom, kitchen and great room.
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Homes Under $1M
352 Kuualoha Street
Kahului
$450K (FS) |
Short Sale - Single-level 3 bed, 2 bath home in The Greens at Maui Lani with a 2 car garage. One of the lowest priced homes on Maui at this time.
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1031 Maohu Street
Makawao
$466.4K (FS) |
Bank Owned - Single level, 3 bed, 3 bath Makawao home. This home features high vaulted ceilings, an open kitchen with stainless steel sink.
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117 Waiehu Beach Road
Wailuku
$589K (FS) |
Enjoy the ocean lifestyle at this meticulously maintained 3 bed, 2.5 bath home, which shows pride of ownership with many extra features and improvements inside and out. Private, attached “ohana” for consistent income. Excellent location just off the beach, and very close to “Churchs” and “Big Lefts” surf breaks. Super quiet location.
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177 Luakaha Circle
Kihei
$675K (FS) |
This is a large 4 bed, 3 bath house in Piilani Villages. It is configured with the master bedroom / bath, kitchen, additional bedroom / bath, and living room upstairs. Downstairs are 2 additional bedrooms and 1 bathroom with a family room. The washer and dryer are located inside of the house. There is a spacious side yard and it is completely fenced for privacy and pets.
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47 Honuea Place
Kihei
$720.8K (FS) |
Bank Owned - Gorgeous 3 bed, 2 bath home with detached ohana located in Honu Alahele. Main house has hardwood flooring throughout. Wonderful kitchen with large pantry. Master bedroom located downstairs. Upstairs is 2 bedrooms plus a den. Central A/C throughout. 2 car attached garage. Detached 1 bed, 1 bath ohana.
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240 Copp Road
Kula
$849K (FS) |
The Lifestyle of old Hawaii. 240 Copp Road is an original home to the 1940's with redwood used throughout, this home feels like it brings you back to those bygone days of agricultural life on the hills of Maui. Situated in an ideal part of Kula, this 3 bed, 2 Bath home with updated electrical overlooks 2 acres of well kept grounds that gently descend to reveal unprecedented "Bi-Coastal" ocean views.
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Vacation Condos Over $1M
Wailea Ekahi #19B
Wailea
$1.625M (FS) |
Rare opportunity in Wailea Ekahi! This 2 bed, 2.5 bath ocean view townhome has just completed a beautiful contemporary remodel. Turnkey and ready to use and enjoy, you don’t have to do a thing, except move in. The two story townhome floor plan gives you the benefit of a ground floor unit with its large expanded lanai, without having someone living above you.
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Whaler #573
Kaanapali
$1.65M (FS) |
Whaler 573 is a 2 bed, 2 bath corner unit with floor to ceiling sliding glass doors and a large wrap around lanai facing south toward the world famous Kaanapali Beach and the stunning west Maui mountains. The unit has been updated and boasts 1,444 sq ft of interior living space and an additional 508 sq ft wrap around lanai, perfect for entertaining and relaxing.
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Wailea Elua #1001
Wailea
$3.795M (FS) |
It's one thing to have a view of the ocean. It's another to be able to walk out from your lanai across the lawn to the clear blue Pacific Ocean. This beautiful, prime, frontline, 2 bed, 2 bath residence offers unparalleled comfort, privacy, and access to one of the most beautiful beaches on Maui. This gorgeous residence features enchanting panoramic views.
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Makena Surf #G-301
Makena
$4.395M (FS) |
Direct oceanfront, sandy beach location with south shore and outer island views. This spacious 2,678 sq ft highly sought after luxury condo (G-301 - G-302) is a double unit, includes 5 bedrooms and 5 bathrooms of which four of them are full in-suite baths. Enjoy gorgeous Makena coast line and ocean views from the living room, kitchen, dining and private master suite.
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Vacation Condos Under $1M
Nani Kai Hale #203
Kihei
$379K (FS) |
Nani Kai Hale is Maui’s best kept secret. Amazing beachfront complex located on the beautiful white sands of Sugar Beach. Experience the Maui lifestyle, kayaking, stand up paddle boarding and beach walking are at your front door! This updated 1 bed, 2 bath condo has Fleetwood sliding glass door, split AC system, private lanai and comes fully furnished.
Customer Listing Synopsis
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Kihei Akahi #B-203
Kihei
$469K (FS) |
Located upstairs in the intimate Hale Mauna Loa Building, you will have a leisurely 500 ft stroll to Kamaole Beach Park II, one of Maui's best beaches, known for exceptional swimming, snorkeling and sunsets. This beautifully renovated w2 bed, 2 bath walk-up unit is the perfect location in the ideal building in the complex.
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Kihei Akahi #D-115
Kihei$549K (FS)
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Beautiful two bedroom condo directly across the street from Kamaole Beach ll. These large two bedroom units rarely come on the market at Kihei Akahi. Beautiful slate flooring in the living area and a spacious lanai make this a very elegant and comfortable unit. The very efficient kitchen includes a pass through bar to the pleasant dining area.
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Wailea Ekolu #1511
Wailea
$679K (FS) |
Enjoy the beautiful ocean views from Wailea Ekolu 1511. Private and peaceful setting in a premier location that is situated just above the 11th fairway of the Wailea Blue golf course. First floor location with no steps. This well maintained turnkey condo is an updated 1 bed, 2 bath unit that makes a great vacation rental or home.
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Residential Condos
Harbor Lights #D-403
Kahului
$59K (FS) |
Bank Owned - This 2 bed, 1.5 bath unit is the lowest priced in the complex. Fixer upper on the top floor. Harbor Lights is conveniently located in central Kahului, close to shopping, malls, restaurants, beaches and UH Maui Campus.
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Kihei Villages #54-104
Kihei
$275K (FS)
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If it's true that location is everything then this condo is everything. Ground floor unit with a great fenced yard, 2 parking stalls and right near the biggest bank of guest parking in the complex. Building #54 sits 1 row back form the Uwapo road side units. Perfect investment or starter home. Sought after ground floor 2 bed, 1 bath unit.
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Vintage at Kaanapali #42
Kaanapali
$875K (FS) |
Vintage 42 is a free-standing single-level residential condominium home that offers 3 bedrooms and 2.5 bathrooms spread across 1,799 living sq ft. Complete with a 2-car garage, 42 lives like a home but with the convenience of condo living. Sold Unfurnished. The Vintage of Kaanapali is a condominium community consisting of 73 one-story and two-story detached properties.
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Vacant Land
170 Keoneloa Street
Wailuku
$344.5K (FS) |
Very few lots left. This one should be the best at 11,317 sq ft. Sitting very nicely in an elevation in Sandhills Estate with Ocean and Mountain views. Beautiful Corner location. Ready to be built. Sandhills Estate Subdivision is hot, everybody is building. You, too, can own one in this modern Maui Lani community of homes.
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738 Awalau Road
Haiku
$450K (FS) |
Beautiful 2.11 acres with ocean and Haleakala views. Two house pads in place. Cleared and ready to build with building permits in place. Top of Awalau Road in a gated community. Corner lot at the end of a cul-de-sac.
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