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Aloha
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In this newsletter:
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Unparalleled Beachfront Estate
33 Hana Highway
Paia
$8.8M (FS)
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Title and Tenancy
TITLE TO THE PROPERTY A property title is a legal concept that establishes ownership of real property and the rights and responsibilities that come with it. It's often represented by a document such as a deed or certificate of title, that shows the propery's history and legal owmership. Titles can be held by individuals, corporation, partnerships, trusts, and other legal entities.
Titles can be held in several ways, including:
- Sole ownership: One person holds the title in their name. This is often used by single people or spouses who are buying a property as an investment.
- Collectively: Two or more people hold the title, such as a married couple.
- Joint tenancy: The title is held jointly, with the right of survivorship.
- Tenants in common: The title is held in common with other tenants.
A title gives the owner the right to possess, use, and enjoy the property, as well as sell, rent, or transfer ownership. It also limits who can enter the property and determines how it will be passed on if the owner dies or experiences financial difficulties.
A title is different from a deed, which is a physical document that transfers ownership of a property from one party to another. A title report can help identify any issues with a property's title, such as encroachments, assessments, or covenants. An abstract of title is another document that can be helpful when selling a property, as it details the property's legal history and chain of ownership.
TENANCY IN SEVERALTY Ownership of property vested in one person alone and not held jointly with another, also called Several Tenancy or Sole Tenancy. When the sole owner dies the property is probated and passes to his/her heirs or devisee.
TENANCY IN COMMON A form of concurrent ownership of property between two or more persons in which each has an undivided interest in the whole property. Each co-tenant is entitled to the undivided possession of the property, according to his proportionate share and subject to the rights of possession of the other tenants. Their interests may be equal (as in joint tenancy) or unequal. Where the conveyance document does not specify the extent of interest of each co-tenant, there is a presumption that the shares are equal. There are no rights of survivorship. Any tenant in common can sell his interest in the property without the consent of his co-tenants.
JOINT TENANCY A form of property ownership by two or more persons in which the joint tenants have one and the same interest, arising by one of the same conveyance, commencing at one and the same time and held by one and the same possession (the concept of the “four unities”). A distinctive feature of the joint tenancy is the right of survivorship by which the surviving joint tenant(s) succeeds to the interest of the deceased joint tenant. No probate proceedings are necessary.
TENANCY BY THE ENTIRETY A special joint tenancy between lawfully married couple, civil union or reciprocal beneficiaries which placed title to the property into the unit and both tenants having an equal, undivided interest in the whole property. Upon the death of one tenant, the survivor succeeds and take title to the entire property to the exclusion of heirs and creditors of the deceased tenant and without the need for probate. A tenancy by the entirety differs from a joint tenancy in that neither spouse can convey his or her interest or force a partition during the lifetime of the other without the consent of the other spouse. Property held under a tenancy by the entirety may not be attached to the debts and obligations of only one tenant.
"We would like to acknowledge Title Guaranty for providing the detailed information featured in this article. For further insights, please refer to their document 'Title-Tenancy,' available here."
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
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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341 (301)
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118 (91)
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752 (538)
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-4 |
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Condos
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735 (309)
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76 (33)
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911 (377)
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+4 |
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Land
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176 (76)
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30 (9)
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183 (74)
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+1 |
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Total
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1252 (686)
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224 (133)
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1844 (989)
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+1 |
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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
46 West Makahakaha Loop
Wailuku
$1.199M (FS) |
Upgraded single level home in the highly sought after Waikapu Gardens neighborhood, recently renovated with luxury vinyl plank flooring, freshly painted inside and out. This home boasts desirable upgrades including a custom primary bathroom with dual shower heads, and a large covered patio with hot tub and custom wet bar perfect for entertaining.
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2811 Liholani Street
Pukalani
$1.295M (FS) |
This charming single-family 3 bedroom, 2.5 bath home presents the perfect balance of convenience. Ideal for entertainers or those seeking a tranquil retreat alike, the upper level features an open floor plan with abundant sunlight and vaulted ceilings, which flow effortlessly out to a spacious lanai.
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484 Hoala Drive
Kihei
$2.195M (FS) |
This enchanting two-story home in Maui Meadows, with its breathtaking ocean and mountain views, seamlessly blends modern luxury with exquisite design, offering three bedrooms and three bathrooms in a true sanctuary of comfort. The interior features soaring high ceilings that enhance the sense of boundless space. The upper level boasts elegant vaulted ceilings and intricate craftsmanship.
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194 East Panana Place
Wailea
$4.999M (FS) |
Step inside this luxurious abode to discover an inviting open living space, ideal for hosting gatherings. The custom chefs kitchen is a culinary masterpiece, boasting top-of-the-line Wolf and Subzero appliances, bespoke black walnut cabinetry, and exquisite Taj Mahal Stone countertops. The bright and spacious living area, adorned with large Fleetwood doors.
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Homes Under $1M
147 South Papa Avenue
Kahului
$950K (FS) |
Great opportunity to own this single-level home located in the heart of Kahului. With 4 bedrooms and 2 baths, this is a perfect home for multifamily living or larger families. The flexible floor plan has 3 bedrooms in the front of the house with mother-in-law quarters located in the back of the house with it's own separate entrance.
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850 Makaala Drive
Wailuku
$975K (FS) |
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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174 West Kauai Street
Kahului
$980K (FS) |
This 3 bedroom single-level home in much desired Kahului. Endless potential to expand or build Ohana units on this large enclosed 9,614 sq. ft. lot. Be creative. Conveniently located near shopping, schools, churches, medical offices, hospital, restaurants, parks. Property is being sold in As-Is condition. Seller will not provide a TIR. Home was recently fumigated and warranty will be transferred.
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Vacation Condos Over $1M
Palms at Wailea 604
Wailea
$1.375M (FS)
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This beautifully maintained 2 bedroom unit had an impressive premium full remodel in 2022 to create the ultimate space for comfort and hospitality. Completely redone modern kitchen is fully equipped with stainless steel appliances, new cabinets, new quartz counters, new tile backsplash, and bespoke shelves.
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Wailea Ekolu 104
Wailea
$1.699M (FS)
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Your front row location with unobstructed views. Furnished, 2nd floor, 2 bedroom, 2 bath condominium with sweeping voluminous vaulted ceilings; inside the world famous Wailea Resort. Stroll the scenic, sun-drenched shorelines of Ulua, Mokapu and Keawekapu beaches past world class hotels, restaurants, shops and golden sand beaches.
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Mana Kai 310
Kihei
$1.95M (FS)
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Enjoy spectacular ocean views from both sides of this wonderful 2 bedroom, 2 bath condominium unit! From the living area, the main bedroom, and the spacious lanai, there are breathtaking ocean, Keawakapu Beach, Molokini, Kahoolawe, and Upcountry views!! The guest bedroom on the north side of the unit offers both spectacular ocean and West Maui mountain views.
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Vacation Condos Under $1M
Kalama Terrace P-211
Kihei
$540K (FS) |
The unit was completely stripped to the bone with no shortcuts on quality. Upgrades include new electrical, plumbing, AC ductless system with a reconfigured layout to maximize space, functionality and much much more. This modern and tastefully decorated apartment is ready and waiting for you to call it home.
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Kihei Bay Vista C-102
Kihei
$650K (FS) |
The complex sits right across the street from the beach where you can view picturesque Maui sunsets. The unit itself is tucked away from the main road and comes fully furnished, and a patio to enjoy your morning coffee. It's a fantastic opportunity for those seeking a turnkey, well-maintained, 1 bedroom 1 bath unit here in Kihei.
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Papakea Resort H-407
Honokowai
$695K (FS) |
Opportunity knocks your chance to own a top floor 1 bedroom, 1 bath 851 square foot Papakea with direct ocean views. A magnificent property with wide open spaces, two oceanside pools, BBQ's, putting greens, whirlpools, oceanside cabanas, pickle ball courts, tennis courts, calming ponds with fountains.
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Island Sands 200
Maalaea
$992K (FS) |
This unit is more than just a well located spacious and breezy corner unit. Whether cooking in the kitchen, sitting on the massive lanai, resting on the sofa or waking up in bed you cannot escape the broad beautiful ocean view. The in unit washer and dryer make for easy living and the recent cosmetic improvements.
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Residential Condos Over $1M
Villas at Kehalani 2701
Wailuku
$1.149M (FS)
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Discover the epitome of refinement in this exquisite two-story townhome, nestled on the coveted end unit of the complex. Step onto a spacious covered Lanai and indulge in the seamless fusion of indoor-outdoor living. Inside, marvel at the meticulous details, from ceramic tile flooring in key areas to the allure of African teak cabinets and island kitchen.
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Keala O Wailea 1-201
Wailea
$2.75M (FS)
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Exceptional 3/2 corner unit with arguably one of the most commanding ocean and outer island views found in Wailea for luxury residential condo living. For the discerning buyer who believes prime location is paramount, this condo's positioning and layout affords maximum privacy and pinnacle views within the complex overlooking the Wailea Blue.
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Wailea Point 2904
Wailea
$4.995M (FS)
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Furnished 2 bedroom, 2 bath residence in beautiful Wailea Point. Vaulted ceilings, huge picture windows, and beautiful finishes create the perfect setting for comfortable living and memorable entertaining, which flows from spacious interiors to the ocean view lanai. The living room features large windows that let in plenty of natural light and offer panoramic views of the beach and ocean.
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Residential Condos Under $1M
Puuone Terrace 201
Wailuku
$305K (FS)
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This 586 sq ft second-floor unit features stunning views of both the ocean and mountains from the living room and bedroom. The large windows, extending from the ceiling to the floor, enhance the sense of space and flood the rooms with natural light. Located near the elevator, the unit includes one assigned covered parking stall.
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Southpointe at Waiakoa 5-206
Kihei
$475K (FS)
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Absolute best value in Kihei, 2 bedroom 1 bath, pet friendly, upstairs, corner, light filled unit. Private front porch. Abundance of Visitor parking just a few steps from the unit. Close to the mailbox and office and playground/picnic area. Friedrich room A/C, new washer and dryer. Make this unit your Maui home.
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Iao Parkside 27-204
Wailuku
$659K (FS)
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This gorgeous 2 bedroom, 1 bath completed remodeled upstairs unit features luxury vinyl plank flooring throughout, which gives it a modern and sophisticated feel. The newly renovated kitchen and bath boast light wood cabinetry and elegant granite countertops. You'll love the brand new stainless steel appliances in the kitchen that provide both style and convenience.
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Kehalani Gardens 1605
Wailuku
$780K (FS)
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This 3 bedroom 2.5 bath townhome has upgrades galore. The beautiful kitchen boasts less than 3 year old stainless steel appliances, quartz countertops, an extra large undermount sink, and marble backsplash. LifeProof vinyl planking in living room and dining room. Tiled kitchen and bathroom floors.
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Vacant Land
5159 Makena Road
Makena
$3.995M (FS)
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This idyllic location affords spectacular sunsets with a beautiful sandy beach & majestic ocean waters just steps from your front door. Makena is just south of Wailea and is revered as a pristine, less-developed, magnificent coastal area. This World Class area is consciously & conservatively being developed adjacently by Discovery Land Company.
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