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Aloha
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In this newsletter:
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Exclusive Oceanfront
Wailea
19 Malukai Lane
Wailea
$16M (FS)
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Economists Explore Alternatives to Banning Short-Term Rentals on Maui
Economists have suggested that Maui County should not get rid of thousands of short-term rentals but instead place higher taxes on them.
The county has been discussing the fate of more than 6,000 rental units on what's been dubbed the “Minatoya List.” New legislation could ban those rentals from operating and free them up for long-term housing.
But economists say a total ban could have harsh economic impacts on the local tourism industry, including thousands of tourism-related jobs and revenue from various tax categories.
Dylan Moore, a University of Hawaiʻi Research Organization’s assistant professor of economics, said higher property taxes on rentals could be a middle-ground solution. He published a blog post on UHERO’s website this week exploring the idea.
“It would raise some revenue for the county, and it would have a sort of less negative impact on the tourism industry than an outright ban would,” he said.
Banning all the STRs on the Minatoya List, according to UHERO, would increase the housing stock on Maui by as much as 13%, which is likely more than a higher property tax would provide.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), Gregory Smith R(B)
The Smith Team
P.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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338 (297)
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137 (105)
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744 (526)
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-7 |
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Condos
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719 (327)
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85 (40)
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940 (376)
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+17 |
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Land
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178 (80)
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32 (6)
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185 (78)
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-6 |
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Total
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1235 (704)
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254 (151)
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1869 (980)
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+4 |
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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
4475 Une Place
Haiku
$1.45M (FS) |
The property spans 2 acres. The level with a grassy terrain gives it a pastoral feel straight out of an impressionist painting. The ocean views span to the tip of Kahakuloa and can be enjoyed from the living area, kitchen and lanai. The property is situated toward the end of the road giving it a tranquil and private feel. The home has an open concept single level floor plan spanning 2337 square feet with 4 bedrooms and 3 bathrooms.
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1505 Kilinoe Place
Waikapu
$1.575M (FS) |
This beautifully remodeled property features a spacious 3 bedroom, 2 bathroom main residence upstairs. Enjoy the elegance of vaulted ceilings, a sunken living room, and a cozy breakfast nook. The home also boasts a generous 3-car garage with an additional half bath, perfect for convenience and extra storage. Additionally, the property includes a versatile 2 bedroom, 1 bath attached ohana, ideal for guests or rental income.
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2735 Panepoo Street
Kihei
$1.625M (FS) |
This spacious home offers a beautiful backyard and flexible living opportunities with three bedrooms upstairs, a one bedroom ohana downstairs, 2 car garage plus extra possibilities. Close to all the beaches, Wailea and lots of restaurants.
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506 Kolohala Drive
Kula
$1.895M (FS) |
This 5 bedroom, 3.5 bathroom home is thoughtfully situated on the property with a large back yard to entertain and enjoy the ocean and mountain views. The well-manicured vegetation, jacaranda trees, palms, and bamboo bring you close to nature. Inside there's a lovely kitchen with bright white cabinets, where natural lighting complements the handsome wood flooring.
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Homes Under $1M
8085 Hana Highway
Haiku
$849.9K (FS) |
This home is fully remodeled along with the Ohana home on the property. All new windows, doors, LVP flooring, 3 tone paint, exterior paint, new fixtures and new kitchen and bathrooms. It is quite private, green and beautiful. The extra home is a bonus as a rental or family unit. The home is vacant and move in ready.
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233 C Momi Place
Wailuku
$899K (FS) |
Bright and airy 3 bedroom 2 bath Wailuku home fully upgraded from top to bottom: New roof, new floors, new kitchen, new baths, new paint, and even new gravel in the yard for low maintenance. The primary bedroom has an exterior entrance with a large en suite bedroom and access to the laundry room. Must see to appreciate.
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480 Kenolio Road
Kihei
$965K (FS) |
This residence is a condo that lives like a single family home and features central A/C for year-round comfort, energy-efficient double pane windows, and a spacious two-car garage. Enjoy the privacy of a fully fenced yard with mature landscaping that provides a serene outdoor retreat and a newly installed hot tub.
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Vacation Condos Over $1M
Wailea Ekahi 3-D
Wailea
$1.075M (FS)
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This charming unit boasts high vaulted ceilings and a lanai surrounded by lush greenery, including plumeria flowers, hibiscus, and palm trees creating a peaceful ambiance. The surrounding greenery of this unit really embraces the feeling of privacy with no onlookers able to view inside. Wake up to breathtaking views of Haleakala and the vibrant Maui sunrise right from your lanai with no road noise.
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Kamaole One 10
Kihei
$1.65M (FS)
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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. Watch the whales and colorful sunsets right from the lanai. All furnishings, artwork, linens, kitchen supplies, beach chairs and other beach supplies are included.
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Wailea Ekolu 104
Wailea
$1.895M (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 302
Kihei
$2.199M (FS)
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This stunning 2 bedroom, 2 bathroom condo offers some of the finest ocean views of Keawakapu Beach. The unit features a unique hotel lockoff for the second bedroom, providing the flexibility to use the the property as a 2 bedroom, 2 bathroom suite or a 1 bedroom with a full kitchen and a separate hotel suite. This unit has been lightly used and meticulously maintained.
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Vacation Condos Under $1M
Kihei Bay Surf A-107
Kihei
$497K (FS) |
A delightful first-floor studio boasting recent upgrades and offering easy access to some of South Maui's finest beaches. Enjoy a peek-a-boo ocean view from both the living room and lanai, enhancing the allure of this charming condo. Conveniently situated across the street from Kalepolepo Beach Park, home to a Historic Hawaiian Fishing Pond and the Maui Whale Sanctuary.
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Kihei Bay Surf 106
Kihei
$498K (FS) |
This is a 445 sqft studio that is across the street from the Ocean and the Humpback Whale Sanctuary. The complex is complete with a pool, tennis court, and Barbeque area for owners and guests. Only 2 miles away from Kalama Park and the Cove and shopping at Kihei Center. This is 1 of 3 units being offered by this owner if someone is looking for a portfolio.
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Kalama Terrace P-204
Kihei
$659K (FS) |
This 1 bedroom, 1 bath condo in South Kihei provides a delightful retreat on Maui. Recently remodeled with meticulous attention to detail, the suite features a private bathroom, a separate bedroom, and a spacious living area. Situated on the second floor, it offers serene views of lush tropical gardens. Enjoy resort-style amenities, including a sparkling blue tiled swimming pool and a BBQ area just steps from your door.
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Kihei Alii Kai A-204
Kihei
$699K (FS) |
This 1 bedroom 1 bathroom spacious unit is a popular vacation rental. The complex is convenient to amazing beaches, delicious restaurants, shops, groceries, etc. Kihei Alii Kai has so much to offer: detox in the comfortable sauna and then take a plunge in the beautiful swimming pool.
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Papakea Resort K-207
Honokowai
$799K (FS) |
Enjoy relaxing on your private lanai. There is tile through-out and the bathroom has a walk-in shower. This is an end unit with a large side window (recently replaced) so you can see the beautiful West Maui Mountains and rainbows. This turnkey condo is fully equipped and ready to move in and enjoy Maui as your home away from home.
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Residential Condos Over $1M
Villas at Kehalani 2701
Wailuku
$1.184M (FS)
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This enclave is a cherished secret of Maui. 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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102 Umeke Street
Kihei
$2.295M (FS)
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A charming 3 bedroom, 2.5 bath home with picturesque golf course views. Enjoy the inviting front porch or the private back lanai. The gorgeous kitchen features a window above the sink, adding to the home's charm. A second living space upstairs provides additional comfort. Spacious bedrooms and a 2-car garage complete this wonderful home.
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Residential Condos Under $1M
Puuone Terrace 403
Wailuku
$340K (FS)
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This top floor unit boasts fabulous Ocean Views and Waihee Mountain Views from the Great Room and Bedroom. The length of the windows in the great room and bedroom are from the ceiling to about a foot from the floor so the open space and views are amplified and bring in a lot of natural light.
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Keonekai Villages 8-204
Kihei
$599K (FS)
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Aloha and Welcome home to this modern 2 bedroom 1.5bath upstairs corner unit featuring high ceilings and a private lanai surrounded by lush gardens and South Maui breezes at Keonekai Villages. Newly renovated items are Kitchen appliance, Lifeproof waterproof vinyl plank flooring, and a water heater.Your updated bathroom features a jacuzzi tub with barn doors adding privacy between bathrooms and laundry area.
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Kihei Shores C-102
Kihei
$600K (FS)
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This ground floor charming condo boasts a modern, open floor plan with 2 bedrooms and 2 bathrooms that was remodeled in 2019. Step inside to discover a tastefully updated interior featuring tile flooring throughout, a fully equipped kitchen with granite countertops, and stainless steel appliances. The spacious living area seamlessly extends to a private lanai.
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Haleakala Gardens 3-D
Kihei
$675K (FS)
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This 3 bedroom floor plan provides flexible space to fit your lifestyle. The bedroom off the living room has an amazing Murphy bed allowing the flexibility to use the space as a bedroom, an office, yoga studio, art room, or more! Unit 3D has been stylishly updated to maximize space while still being aesthetically pleasing.
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Hale Kanani 3106
Kihei
$899K (FS)
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Absolutely stunning corner 3 bedroom 2 bath extra large residential condominium with extra windows at much sought after Hale Kanani in the heart of beautiful Kihei, steps to world famous Charlie Young Beach and Kihei Cove. Completely furnished down to the linens (just bring your toothbrush) Neat and clean as a pin.
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Vacant Land
642 Kauna Lipo Drive Lot 21
Wailuku
$700K (FS)
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Discover the rare opportunity to build your dream home in Maui's newest gated community and one of the last developments allowing vacant land purchases in Kehalani, the Wai'olu Estates. With the final subdivision approvals in place, this 19,343 sq.ft. lot in the prestigious Kehalani community offers a canvas for your vision.
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