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Aloha
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In this newsletter:
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Prestigious Wailea Blue Golf Course
Wailea Ekolu 1705
Wailea
$1.7M (FS)
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Investing in Vacation Rentals
At The Smith Team, we’re fortunate to call Maui home and to help others experience the magic of our island through real estate investments. One of the most rewarding opportunities we’ve seen is owning a vacation rental. With Maui’s world-renowned beauty, a strong tourism market, and limited short-term rental availability, it’s no wonder vacation rentals here are in high demand. Whether you’re a first-time investor or expanding your portfolio, Maui offers something for everyone.
Take, for instance, Wailea Ekolu #1705, which we just listed today for $1.7M. Located in one of Maui’s most desirable areas, this stunning property is perfectly positioned for luxury vacation rentals. For those seeking an entry-level option, Kalama Terrace L-204, listed for $499K, is an excellent alternative, offering affordability and proximity to Maui’s beautiful South Shore. Both options highlight the diverse opportunities available in our market.
Owning a vacation rental isn’t just about the numbers—it’s about creating experiences. Many of our clients love having the option to enjoy their property part of the year while generating income during the rest. From cozy condos to luxury estates, Maui has a range of opportunities to match your goals. As always, we’re here to guide you through the process, from understanding zoning and permitting to choosing the right property for your needs.
We’re happy to answer any questions and share insights about this exciting opportunity. Reach out to us today and let’s explore how we can help you find the perfect investment in paradise.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Kimié Miner dedicates ‘Christmas in Hawai‘i’ broadcast to Maui community.
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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350 (298)
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128 (95)
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761 (564)
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-2 |
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Condos
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738 (304)
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65 (20)
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897 (389)
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+29 |
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Land
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181 (79)
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33 (11)
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191 (84)
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+1 |
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Total
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1269 (681)
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226 (126)
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1849 (1037)
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+28 |
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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 the number of active listings from the previous week.
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Homes Over $1M
84 Loha Street
Pukalani
$1.069M (FS)
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Quality finishes, ocean views, a large covered lanai, a two-car garage, and lots of bonus space make this Pukalani Residential Condo a great option for Upcountry buyers. The second-story, primary living space has 2 bedrooms and 2 bathrooms. Attributes of the generous-sized kitchen include quartzite counters, an induction range, glass cabinet faces, and a bar seating area.
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402 Auhana Road
Kihei
$1.2M (FS)
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This 3 bedroom 2 bath upstairs remodeled all but bathrooms. Two Huge over sized decks upper deck may have a peekaboo ocean view, remodeled Kitchen newer carpet and a few new windows split AC, two 1 bedroom 1 bath units downstairs with a garage. Property needs a little fix up.
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21 West Huapala Place
Lahaina
$3.385M (FS)
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This 5 bedroom 4 bath home is positioned to capture breathtaking panoramic ocean and 3 island views. Located at the end of the cul de sac , nestled on 1.9 acres, tropical landscaping. A private and serene retreat offering an open floor plan that connects indoor and outdoor spaces, creating an ideal setting for relaxation and entertainment.
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205 Pua Niu Way
Lahaina
$6.8M (FS)
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Discover your own private retreat in this beautiful modern home, designed with an open floor plan, perfectly balanced for entertaining and comfortable living. Situated on 2.75 acres at the foot of the mountains, this gated 3,697 sq ft cpr'd residence offers breathtaking ocean and mountain views. Embrace the lifestyle you've been dreaming of in your new home.
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Homes Under $1M
13895 Hana Highway
Haiku
$514.9K (FS)
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Bank Owned. Nestled among the lush foliage, this 2 acre property offers the opportunity to create your own tropical paradise while allowing for plenty of privacy. This property offers two fully permitted dwellings, a main home and an ohana. Both homes require substantial repairs/upgrades. Take advantage of this diamond in the rough.
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255 South Papa Avenue
Kahului
$775K (FS)
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Potential Short Sale. Charming home in central Kahului with attached rental. Kahului provides a convenient location to all of Central Maui's amenities including many schools, shops and restaurants. This is a court ordered commissioner sale and this property is being sold As-Is.
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290 Makua Street
Wailuku
$825K (FS)
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Come see this 3 bedroom 1 bath single level home with a remodeled 1 bedroom ,1 bath bonus area. Nice front open covered porch area, and an oversized driveway for parking, with carport. Lots of extra storage area also. Close to schools, hospital, shopping, restaurants, bus line, banks and so much more.
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180 Hoomoku Street
Kahului
$845K (FS)
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This charming two-story home is part of a cozy 4-plex, offering a unique and functional layout. The first floor features 2 spacious bedrooms, a shared bathroom, and bonus Harry Potter-style storage nook tucked beneath the staircase. And across the way you will find a laundry room equipped with a washer and dryer.
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850 Makaala Drive
Wailuku
$950K (FS)
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A beautifully remodeled 3 bedroom, 2 bathroom home located in Waiehu Terrace. The stylish kitchen features quartz countertops, stone backsplash, and stainless steel appliances. Tasteful design continues throughout the home with wood-style flooring, tile, elegant crown molding, reclaimed wood accent wall, and light tones of paint.
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Vacation Condos Over $1M
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Kamaole One 10
Kihei
$1.5M (FS)
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Gorgeous, wide expanse of golden sand on one of Maui's best beaches. This 2 bedroom 2 bathroom unit, with views of the islands of Lanai, Kahoolawe and Molokini atoll. This unit has been a popular vacation rental for many years. Kamaole One, a boutique building with only 12 units total, comes with covered parking.
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Makani Sands 308
Honokowai
$1.9M (FS)
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Enjoys a spacious floor plan with 3 bedrooms, 2 and a half bathrooms, two well-appointed oceanfront lanais and an additional mountain view lanai. Tastefully furnished and completely renovated in 2023, this stunning oceanside abode has been updated to perfection. Featuring custom cabinetry, sleek granite countertops, stainless steel appliances.
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Kapalua Bay Villas 37B2-4
Kapalua
$2.395M (FS)
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This single level 2 bedroom enjoys an ideal location at the Bay Villas. As you step into this beautifully designed residence, you are greeted by breathtaking views of the Pacific Ocean and open greenspace. The spacious open floor plan seamlessly blends indoor and outdoor living, with expansive sliding glass doors that lead to three private lanais.
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Vacation Condos Under $1M
Kalama Terrace L-204
Kihei
$499K (FS)
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This condo features a newer gas stove and refrigerator, along with granite counters in the kitchen and updated wood cabinets, tiled shower walls, and tiled floors throughout. Enjoy the view of the peaceful grounds from your covered lanai area. Unit comes fully furnished.
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Waiohuli Beach Hale 107
Kihei
$630K (FS)
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This property has a great aloha feeling with a relaxed and quiet atmosphere. Each unit is steps from the ocean and is centrally located to great shopping, restaurants, and beaches. Additionally, there is a 60 foot solar heated pool, barbecues and shuffleboard located right next to the ocean.
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Kulakane 207
Honokowai
$675K (FS)
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Mesmerizing and magical 180 degree ocean and island views awaits you, the moment you step into this turnkey ready Airbnb unit! You'll feel an immediate sense of calmness surround you! It's all here at Kulakane, a low-key, low-rise complex with only 42 units, and literally about 50 feet from the shoreline.
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Kihei Garden Estates G-204
Kihei
$699K (FS)
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Welcome to beautiful Kihei Garden Estates where lush surroundings bring peace and tranquility to your light and airy 2 bedroom condo. Sky high ceilings and floor to ceiling windows grace your living room inviting plentiful natural light in. Even still, one can’t help but be drawn outdoors to your spacious lanai, which opens to a green courtyard full of tropical foliage.
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Kaanapali Shores 324
Kaanapali
$835K (FS)
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The unit’s cohesive furnishings are primarily from Mind’s Eye Interior, known on Maui for quality furniture and decor. Aston Ka’anapali Shores is a hotel-zoned, 10-acre, luxury resort with a welcoming lobby, two swimming pools (one oceanfront and one resort-style with water features).
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Residential Condos Over $1M
Gardens Upcountry 5
Pukalani
$1.099M (FS)
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This quiet & quaint townhome residence is set amidst fruit trees and a tranquil garden courtyard. These units rarely become available and this one boasts soaring ultra-high ceilings and the most spacious layout (1586 sq ft) among all two-bedroom condos in the complex. The high-end windows flood the home with natural light, showcasing its clean design and open floor plan.
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Vintage at Kaanapali 19
Kaanapali
$1.995M (FS)
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Sitting in the front row with outstanding ocean and sunset views, this home underwent a complete transformation in 2020 under the keen oversight of a professional designer. No detail was left untouched. The kitchen was entirely revamped, complete with top-of-the-line Bosch appliances and quartz countertops, wine refrigerator and elegant open shelving.
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Wailea Point 1501
Wailea
$8.95M (FS)
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Experience unparalleled luxury and breathtaking ocean views in this meticulously crafted custom condo located in the prestigious Wailea Point community. Boasting a full remodel, this stunning residence offers the ultimate blend of sophistication, comfort, and coastal living. As you step into this exquisite 3 bedroom 4 bathroom condo.
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Residential Condos Under $1M
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Maui Lani Terraces F-103
Honokowai
$475K (FS)
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This 2 bedroom 1 bath unit is being sold “As Is” and comes partially furnished. The unit is vacant and easy to show. Carpet has recently been steamed cleaned and unit deep cleaned. Washer and Dryer included. Maui Lani Terraces offers a pool with bar-b-que grills. The property is located close to shopping, parks and beaches.
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Southpointe at Waiakoa 1-202
Kihei
$489K (FS)
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Experience island living at its best with Southpointe unit, ideally situated for the ultimate Maui lifestyle. Just moments away, you can enjoy the sparkling turquoise ocean and soft sandy beaches. This charming 2 bedroom, 1 bath unit features elegant faux wood flooring, air conditioning, and stunning views of Haleakala.
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Flats at Kamalani 1203
Kihei
$750K (FS)
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This single-story, 3 bedroom, 2 bathroom condo offers a contemporary retreat in the heart of North Kihei. Thoughtfully designed, the open floor plan features a spacious living area that flows seamlessly into a modern kitchen outfitted with stainless steel appliances, contemporary countertops, and ample cabinetry.
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Kamani at Kehalani 136
Wailuku
$965K (FS)
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Welcome to this delightful 3 bedroom, 2.5 bath home in the pet and family-friendly Kehalani neighborhood of Wailuku. Perfectly located just minutes from Kehalani Mauka Park, Puu Kukui Elementary, Wailuku Elementary, and a short drive to Wailuku town, shopping, restaurants, Iao Valley, and Maui Lani Dunes Golf Club.
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Vacant Land
 0 Kamehameiki RoadKula
$1.185M (FS)
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This exceptional 3.5-acre lot in Kula offers breathtaking bi-coastal views, capturing the beauty of Haleakala, the West Maui Mountains, the South Shore, the North Shore, and the island of Lanai. Conveniently located just off Kamehameiki Road, it sits at an ideal elevation of 2,550 feet—high enough for sweeping vistas yet low enough to enjoy warmer temperatures year-round.
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