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Aloha Valued Subscriber
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In this newsletter:
Short Sales
Homes
Condos (0)
Land (0)
New Properties (0)
Price Reductions (0)
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Extraordinary Oceanfront Makena
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Market Update
On the upcoming general election, November 6th there will be a ballott initiative asking the public the following question. Shall the legislature be authorized to establish, as provided by law, a surcharge on investment real estate property to be used to support public education?
The question is confusing as it sounds like a great idea to support funding education but this constitutional amendment lacks details and opens the door for the state to start taxing real estate without cap or restriction.
The Hawaii Association of Realtors recommends voting, "No" to the constitutional amendment. The broad wording of the amendment means the tax could apply to all types of real estate, farmland, residential, commercial and apartments. Higher property taxes will be passed down to renters and consumers creating an even higher cost of living. The tax is applicable to all real property, regardless of value, not just foreign-owned, luxury property.
Additionally, as stated by the president of the Hawaii State Teachers Association, there is no guarantee these new taxes will reach the teachers and students who need it.
Have a wonderful week and be safe!
Ken, Melissa, Greg and Lindsey
P.S. -Maui County leads the state in timeshare occupancy with second quarter rates kicking up to 94%. Timeshare complexes outperformed hotels which reported average occupancy rates of 77% from April - June. Timeshares have multiple owners who each have the right to use the unit during certain times of the year.
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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472 (267)
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158 (44)
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1156 (268)
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+1 |
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Condos
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536 (170)
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268 (28)
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1688 (277)
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+1 |
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Land
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316 (106)
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34 (9)
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215 (25)
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-1 |
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Total
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1324 (543)
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460 (81)
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3059 (570)
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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 number of active listings from the previous week.
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Homes Over $1M
 3545 Lanihou Place
Maui Meadows
$1.2995M (FS) |
Nestled on the top of Maui Meadows at the end of the Cul-de-Sac and alongside the ranch land sits this very private 3 bed, 3 bath home. Views of the outer islands and big blue ocean are abundant, nights will be filled with beautiful sunsets and the changing colors of the sky. There is a 2 bed, 2 bath ohana.
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69 Pukolu Way
Wailea
$1.65M (FS) |
With a 48 foot lap pool, over 1,000 feet of lanais plus a sunset and stargazing deck on the roof you will enjoy Maui to its fullest from this 4 bed, 2.5 bath Wailea Kai home.
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 300 Pualoa Nani Place
Wailea
$2.45M (FS) |
Fantastic Ocean views are enjoyed from this 4,100+ sq ft estate. Enter this 4 bed, 3.5 bath home through double doors onto marble floors which enhance the gracious living room and dining areas opening to a large ocean view lanai. The spacious kitchen was designed to offer plenty of options to organize every chef’s needs.
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140 Kulanani Place
Kula
$2.688M (FS) |
140 Kulalani Place is a modern masterpiece, sleek and sophisticated, with an artful blend of glass, metal and wood. Enter the estate through a winding driveway lined with native koa trees and embrace the natural pastoral beauty of Kula from this 3 bed, 3.5 bath home.
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7155 Makena Road
Makena
$12M (FS) |
There are seven structures spanning across the two acres encompassing a large kitchen and dining area, a master bedroom suite, two private guest suites, a theater room, gym, office, an ‘ohana, and a three-car garage.
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Homes Under $1M
236 Mehani Circle
Kihei
$569K (FS) |
Bank Owned - Dont let this 3 bed, 2 bath home in Maui slip away. Home offers approximately 1,201 sq ft of living space with an attached carport, tile and wood flooring, spacious rooms and a shed out back.
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551 Kailana Street
Wailuku
$699K (FS) |
Panoramic Ocean, Haleakala, West Maui Mountains and Iao Valley views. Rare quality 4 bed, 3 bath property within walking distance to the ocean and just steps from the surf break "Big Lefts." Included is a Maui Electric metered Photovoltaic system, fully owned.
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156 Omaikai Place
Kahana
$715K (FS) |
Come visit this beautiful 3 bed, 2 bath home in the heart of Kahana. This cozy residence had been nicely updated with granite countertops and laminate flooring. This West Maui community is located across the street from the ocean, conveniently near Napili Market and Kahana Gateway Center.
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 96 Hooheno Street
Kahului
$725K (FS) |
The largest square footage available at The Legends. This ample home has the added bonus of having the master bedroom downstairs if one desires single level living with the convenience of having three more bedrooms and an office nook upstairs. The 4 bed, 2.5 bath home is beautifully appointed with wood accents, stainless steel appliances and freshly painted interior.
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Vacation Condos Over $1M
Honua Kai Hoku Lani #222
Kaanapali
$1.098M (FS) |
Hoku Lani 222, a 2 bed, 2 bath mountain view home, is located on the Southern side of the Hokulani tower. This is the best valued 2 bedroom home on the Honua Kai resale market.
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Honua Kai Luana Gardens #9D
Kaanapali
$1.97M (FS) |
New Development - Luana Garden Villas is a collection of brand new contemporary residences at Honua Kai Resort and Spa, one of Maui’s top-rated resort destinations on the famed Kaanapali Beach. Luana is the final phase of the resort and is comprised of 72 three-bedroom villas arranged in three intimate enclaves.
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Polo Beach Club #609
Wailea
$2.325M (FS) |
Recently and beautifully renovated, 2 bed, 2 bath Polo 609 comes to market with an exceptional list of attributes. The ocean, outer island and West Maui views from the lanai, living area, master bedroom and kitchen are splendid. At sixth floor level, a true bonus, the guest room offers ocean and Haleakala views plus a rare second private lanai and extra owner storage space.
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Vacation Condos Under $1M
Napili Ridge #B-4
Napili
$289K (FS) |
What a terrific opportunity for affordable home ownership in one of West Maui's greatest communities. Napili is known for its cooling tradewind breezes, convenient restaurants and shops, and easy access to world-famous beaches. Napili Ridge B4 is a fee simple 1 bed, 1 bath ground floor condo.
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Waipuilani #301
Kihei
$333K (FS) |
Great top floor bright and airy 1 bed, 1 bath unit. Tile flooring throughout the entire unit, freshly painted, stainless steel appliances, including new refrigerator, French doors, a/c, ceiling fans and more. Easy access to relaxing beach walks, sunset viewing, swimming, kayaking and tennis.
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Kahana Reef #218
Kahana
$497.75K (FS) |
This second floor, 1 bed, 1 bath condominium gives you privacy, security and quiet. Just walk down the stairs or take the elevator and go directly into the ocean for swimming, surfing or snorkeling. Incredible Maui sunsets.
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Wailea Ekahi #26D
Wailea
$799K (FS) |
Fantastic ocean views from the living room, kitchen, and lanai of this spacious 1 bed, 2 bath unit at Wailea Ekahi, situated above Keawakapu beach, named one of the top beaches in the world by Conde Nast Travel Magazine. The unit is light, bright, airy and ready for you to come and make it your own.
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Paki Maui #421
Honokowai
$1.125M (FS) |
Rarely offered and highly coveted, this direct oceanfront unit at Paki Maui is a spacious 2 bed, 2 bath with 1,082 sq ft of living area. Currently in a successful vacation rental program and sold fully furnished and comes with future bookings for income generation.
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Residential Condos Over $1M
Kai Malu #49A
Wailea
$1.298M (FS) |
This well-appointed 3 bed, 2.5 bath Wailea two-story villa is located on a quiet cul-de-sac. The Gated Kai Malu community is in close proximity to white sandy beaches, resort activities, shopping and casual and fine dining.
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Na Hale O Makena #B-302
Makena
$1.75M (FS) |
This spacious 2 bed, 2.5 bath condo features the finest in craftsmanship and interior finishes. The open floor plan allows views from the entire living area as well as the master bedroom.
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Residential Condos Under $1M
Mount Thomas #306
Wailuku
$299K (FS) |
Great condo with a beautiful harbor and Haleakala mountain view in a secure building with elevator. This 2 bed, 1.5 bath unit has just received all new interior paint throughout, has a brand new shower/bath tub, a brand new refrigerator, new ceiling fan and many other new touches in the unit.
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Iao Parkside #41-205
Wailuku
$300K (FS) |
Looking for a clean and cozy 2 bed, 2 bath condo in Iao Parkside? This upstairs unit has vaulted ceiling that makes it much more spacious and 2 side by side parking stalls in a great location close to schools, shops, dining and parks.
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Maui Gardens #D-103
Kihei
$396K (FS) |
Maui Gardens is a quaint complex in the heart of Kihei, within walking distance to the beach, shopping and dining. The complex consists of 90 units with meticulously kept grounds, an in ground pool, spa, BBQ area and tennis courts. This 2 bed, 1.5 bath unit has had upgrades with granite counter tops and nice laminate flooring in the main areas.
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Vacant Land
0 Piihana Road
Wailuku
$299.9K (FS) |
2018
At least $75,000 below market for very fast sale. This is the biggest lot for this low price in all Wailuku. Situated between the Millyard, Iao Stream and Piihana road. Recently surveyed. Water meter is paid for and being installed any day now.
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5405 Makena Road Lot 2
Makena
$2.6M (FS) |
Kalehua O Makena is an exclusive enclave of 8 prime, luxury building sites surrounded by the Makena Golf Resort. All home sites bring their own distinct character that offers numerous building options taking advantage of breathtaking ocean views, the splendor of Maluaka Beach, the majestic views of Haleakala the West Maui Mountains and radiant sunsets.
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