|
Aloha
|
In this newsletter:
Short Sales
Homes
Condos(0)
Land (0)
New Properties
Price Reductions (0)
|
An Incomparable Estate
|
Market Update
Hotel and vacation rental occupancy continues to soar throughout the State of Hawaii, but Maui is leading the way because of its ample supply of vacation rentals. According to reports done by the Hawaii Tourism Authority, Maui County has a supply of 323,000 units which is a 29% percent increase from this same time a year ago. Across the island occupancy is sitting at 79%, meaning that at any one time 255,000 units are occupied by tourists. The average daily rate for a vacation rental is $224 per night, although the prices at most of the hotels are much higher.
The highest average daily rate by region was on Maui’s west side, specifically in the Lahaina, Kaanapali and Kapalua areas. The average nightly rate there was $251, which is over 13% higher than this same time last year. The highest average occupancy by region goes to Wailea, where vacation rentals saw an occupancy rate of 73.7% which is 7% higher than in 2018. To view the full report you can visit the Hawaii Tourism Authority’s website here.
If you have been thinking about investing in Maui, and the thought of having a vacation rental intrigues you, then you should consider purchasing a condo in one the highly sought after areas mentioned above. The Smith Team is well equipped to find you the best vacation rentals as well as residential properties and we can provide you with answers to all of your questions.
Mahalo Nui Loa,
The Smith Team
P.S. Even though shipping items to and from the mainland has become easier and faster in the last few years, the US Postal Service and other package carriers do have a tendency to get backed up during the holiday season. According to a statement released by the US Postal Service, you should aim to have your packages in the mail no later than December 19th if you intend to use standard shipping. If you plan to use Priority Express shipping you have until December 21st.
Melissa Smith R (B), Ken Smith R (S), Gregory Smith R (B)
| |
Active
|
Pending
|
Sold
|
Change
|
|
Homes
|
442 (282)
|
205 (48)
|
1115 (297)
|
-7 |
|
Condos
|
497 (174)
|
248 (63)
|
1604 (244)
|
-5 |
|
Land
|
320 (93)
|
44 (15)
|
180 (29)
|
+1 |
|
Total
|
1259 (549)
|
497 (126)
|
2899 (570)
|
-11 |
|
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
82 Kulamanu Cir
Kula
$1,549,000 (FS)
|
Walk along the beautifully landscaped stained concrete pathway to the front door and experience this thoughtful and lovingly maintained 4 bed, 3.5 bath home. This home features seamless indoor/outdoor living in one of the most desirable areas of Maui. This spacious home boasts over 3,100 sf. of interior living space on a half acre of lush tropical land.
|
3855 Wailea Ekolu Pl
Wailea
$3,650,000 (FS)
|
Elegant lines and sweeping ocean views greet you as you enter this classic beauty at the top of the hill in Wailea's premier community, Wailea Golf Estates. Thoughtfully designed to enhance views from all main living areas and the master bedroom, this 3 bed, 3.5 bath home is centered around the large private pool deck which is perfect for entertaining guests or just relaxing with the family.
|
2128 Iliili Rd
Kihei
$6.5M (FS)
|
This property offers 165 ft. of beachfront and is located across the street from numerous surf schools and is in close proximity to Kalama Park, tons of shopping, and fast or fine dining. It has been in the same family since 1963. This 2 bed, 3 bath home was built in 1996. The ohana/cottage was built in 1960 and has gone through extensive remodeling.
|
Homes Under $1M
482 Kalalau Pl
Kihei
$589,900 (FS)
|
Great potential for this bank-owned fixer upper, located at the end of a quiet cul-de-sac. This 2 bed, 1 bath home is situated close to the street on a large lot, leaving plenty of room in the back yard to add accessory dwellings, or a pool, or just a nice grassy yard.
Bank Owned
|
1121 Nakui St
Makawao
$619K (FS)
|
A quaint 3 bed, 1 bath main house with a 1 bed, 1 bath ohana right in the heart of Makawao. A short distance to shopping, dining, and the conveniences of Makawao Town. A nice sized corner lot with 2 separate entrances, one of which is located in a cul-de-sac. There is also plenty of yard and storage space on the property.
|
504 Kahua Pl
Paia
$625K (FS)
|
There is great potential for this spacious 5 bed, 3 bath plantation style home in the Skill Village subdivision of upper Paia. In addition to 2 full baths, you get 2 half-baths, a large carport, and over 7000 sf. of land.
|
28 Neke Pl
Haiku
$705K (FS)
|
Located on a quiet cul-de-sac in lush Haiku this property offers a 3 bed, 1 bath main home that is ready to move in with a large garage and a nice size back yard.
|
335 Kuikahi Dr
Wailuku
$789K (FS)
|
This beautiful, single-level 3 bed, 2 bath home located in the desirable Wailuku Heights subdivision, has a smart, easy-living floor plan and sits on over 9,100 sf. of usable land. Nestled next to a vacant agricultural lot of over 148 acres, this agricultural land gives the home privacy. This home has also been newly remodeled.
|
Vacation Condos Over $1M
Wailea Elua #702
Wailea
$2,950,000 (FS)
|
This 2 bed, 2 bath unit is located in the oceanfront section of the property just steps from Ulua Beach, you can see and hear the waves crashing while relaxing on your lanai. Amazing ocean views from the living room, dining room, kitchen and bedroom. The $300K+ interior remodel was completed this year and features an open kitchen concept, Laza Quartz countertops with complimentary subway tile backsplash, new matte finish appliances, and woodgrain vinyl flooring throughout.
|
Wailea Point I II III #1401
Wailea
$5,200,000 (FS)
|
New and refreshed furnishings further enhance this 3 bed, 4 bath front row town home floor plan. A rare find... there are only a few units that offer a private yard and 2 ocean view lanais for enjoying Maui’s magnificent sunsets. Nestled up just above the beach walk for an elevated living experience with supreme privacy. You will love how peaceful and tranquil the mornings are; be amazed how stunning the sunsets are; and enjoy carefree afternoons in your tropical corner of Wailea Point.
|
Vacation Condos Under $1M
Nani Kai Hale #306
Kihei
$499,900 (FS)
|
This beautiful 1 bed, 2 bath condo is situated on one of South Maui's longest stretches of beach. Do not miss this opportunity to buy an oceanfront condo in South Maui under $500K.
|
Hale Royale #C-105
Napili
$560K (FS)
|
Welcome to Hale Royale C-105 with a reserved parking spot right in front of the unit. This impeccably maintained, spacious 2 bed, 2 bath stylishly updated condo lives like a home. As you walk into the living room you are welcomed by the open air kitchen that seamlessly blends into the large living room.
|
Wailea Ekahi #24B
Wailea
$734,900 (FS)
|
A beautifully updated 1 bed, 2 bath ground floor unit located in Wailea Ekahi. This unit was tastefully done with imperial plaster walls, tile throughout, bamboo closet doors, and plantation shutters. The open kitchen has granite counters and back splash, stainless steel appliances, wood cabinets with glass inlay, and crown molding.
|
Paki Maui I II #206
Napili
$779K (FS)
|
Enjoy double oceanfront lanais with views from both the living room and master bedroom. Watch whales and dolphins, gorgeous Maui sunsets, and listen to the sounds of the ocean from this amazing 2 bed, 2 bath unit. Paki Maui is a concrete four-story building with elevators. Amenities include a pool, jacuzzi, BBQ area, plenty of parking, and on-site storage is available.
|
Residential Condos Over $1M
Hokulani Golf Villas #92
Kihei
$1,260,450 (FS)
|
This 3 bed, 2.5 bath home provides one level living with additional guest suites on the upper level. Hokulani Golf Villas have been uniquely designed to offer the comfort and privacy of a luxury home, combined with the carefree lifestyle of a condominium. Featuring natural stones, beautiful hardwoods, eco friendly design with soaring 12-foot high ceilings, spacious covered lanais and gourmet kitchens, all in a gated community on the expansive greenbelt of the beautiful Maui Nui Golf Course.
|
Kai Malu #48B
Wailea
$1,295,000 (FS)
|
Kai Malu is one of the finest residential condo developments in Wailea. This gorgeous 1796 sf. 3 bed, 2.5 bath Lewa floor plan includes granite countertops, cherry wood cabinetry, stainless steel appliances, central air conditioning, a covered lanai, garage, and much more. The second level lanai has ocean and Haleakala views and the home's private location along the greenbelt makes relaxing outside a pleasure.
|
Kai Malu #17B
Wailea
$1,495,000 (FS)
|
Experience the very best Kai Malu Wailea has to offer in Villa 17B. Enjoy perfectly framed ocean views out towards the Pacific that will inspire you. Located in the heart of the Wailea Resort, this private 3 bed, 2.5 bath Maui getaway is truly a residence of distinction. Villa 17B features one of the largest fenced-in yard areas in the community, as well as it’s own private pool and spa.
|
Residential Condos Under $1M
|
Iao Parkside I #10-203
Wailuku
$312K (FS)
|
This 2 bed, 1 bath upstairs unit features mountain views from the living room and lanai. It has been freshly painted with new flooring throughout the unit. The unit comes with 3 parking stalls. Centrally located with close proximity to Papohaku Park and Velma McWayne Santos Community Center. Near shopping centers, Mall, UH College, Hospital, Medical Centers and federal/state buildings.
|
|
Kihei Villages V #37-202
Kihei
$345K (FS)
|
Building 37 is conveniently located off of Kenolio Rd and just steps from the Kihei Youth Center and Sugar Beach. Catch a little ocean view and sunset skies from the lanai while surrounded by lush landscaping for privacy and shade. An upper floor 2 bed, 1.5 bath unit with tile flooring throughout, custom fans, and AC.
|
|
Villas at Kenolio I #16F
Kihei
$357K (FS)
|
A ground floor 2 bed, 2 bath unit at Villas at Kenolio. Close to shopping, beaches with easy access to town. The complex features a community pool, bbq area and fitness room.
Bank Owned
|
|
The Breakers #E-43
Napili
$489K (FS)
|
This 2 bed, 1 bath condo is in great condition and has only had one owner since construction. Features central AC and extra storage on the lanai and upstairs. The unit comes with two covered, tandem parking spaces. The interior of this condo was freshly painted last December.
|
|
45 Honokaupu Pl
Haiku
$425K (FS)
|
Build your dream home on this beautiful 1.86 acres in Haiku that comes with private water.
|
|
