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Aloha
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In this newsletter:
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Upcountry Lifestyle
8040 Kula Highway
Kula
$7.988M (FS)
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Skyrocketing Insurance Rates
Skyrocketing insurance rates in Maui, Hawaii, have drawn significant attention, especially in the wake of recent natural disasters and changing environmental conditions. Here are some key points contributing to the situation:
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Wildfire Risks: The recent devastating wildfires have highlighted the vulnerabilities of the region, leading to increased risk assessments by insurers.
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Natural Disasters: Like the rest of Hawaii, Maui is susceptible to hurricanes, flooding, and other natural events that contribute to higher insurance premiums.
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Limited Insurance Options: The insurance market in Maui is relatively small, which reduces competition and can drive up rates.
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High Rebuilding Costs: The cost of materials and labor for rebuilding after disasters has surged, prompting insurers to raise premiums to cover potential future claims.
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Climate Change: Increased frequency and severity of extreme weather events linked to climate change are leading insurers to adjust their risk models and raise rates accordingly.
Residents and businesses are feeling the impact, leading to discussions about the need for regulatory reforms and innovative solutions to manage insurance costs more effectively.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Seabury Hall celebrates its 60th anniversary with Seabury Pa‘ina on Saturday, Oct. 19 in Makawao.
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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337 (292)
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140 (108)
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733 (529)
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+2 |
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Condos
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694 (291)
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79 (31)
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890 (387)
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-10 |
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Land
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176 (74)
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37 (13)
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180 (78)
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-2 |
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Total
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1205 (657)
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256 (152)
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1803 (994)
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-10 |
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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
2811 Liholani Street
Pukalani
$1.199M (FS) |
This stunning 2 bedroom, 2.5 bath detached home offers golf course living with unbeatable mountain views and all the upgrades you’ve been dreaming of. This split-entry design home has all the space and style you need! Step inside to an open floor plan on the upper level, where the living room, kitchen, and dining area flow together, making it perfect for entertaining.
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267 Kulamanu Circle
Kula
$1.799M (FS) |
Experience breathtaking ocean, mountain, and gulch views from this charming Kulamanu home. The upper level features an open-concept design with beautiful bamboo flooring, offering a seamless flow between the kitchen, dining area, and living room, complete with a cozy fireplace.
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50 Uakoko Place
Haiku
$2.25M (FS) |
This stunning property offers the perfect blend of country living and modern conveniences. Set on over 2 acres of flat useable land, the property boasts a variety of fruit trees (tangerine, orange, lemon, lime, mango, & grapefruit) and exotic palms, creating a peaceful natural setting.
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Homes Under $1M
3576 Kalua Place
Makawao
$675K (FS) |
Located in the heart of Makawao that is known for having all the charm of a cowboy town complete with its famous 4th of July Makawao Rodeo and annual parade. Explore the many exciting shops and restaurants that are just a short stroll from the location of this old but charming house.
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21 South Papa Avenue
Kahului
$780K (FS) |
This 3 bedroom, 2 bathroom single-level home is situated on a spacious 9,420 sq. ft. lot, featuring a 440 sq. ft. two-vehicle carport and 242 sq ft shed behind the carport. Conveniently located near Queen Ka'ahumanu Center, the University of Hawai'i Maui College, and Keopuolani Regional Park, this property offers both accessibility and potential.
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590 Akolea Street
Wailuku
$915K (FS) |
This residence offers a perfect blend of comfort, convenience, and community living. Easy access to a host of amenities. Enjoy being close to local parks, walking trails, and recreational facilities that make outdoor living a breeze. Just minutes away, you'll find shopping centers, popular dining spots, and essential services, ensuring all your needs are met within a short distance.
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152 Meheu Circle
Kahului
$958K (FS) |
This delightful single-story home features 3 bedrooms and 2 baths, meticulously maintained and ready for you to move in. The community boasts a central park with a splash pad, perfect for family enjoyment and relaxation. Located just a short walk from the Maui Lani Regional Sports Park and conveniently situated across from Pomaika'i Elementary School and the Dunes Golf Course, it's perfect for families and golf enthusiasts.
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400 Onehee Avenue
Kahului
$999K (FS) |
Convenient location across the street from Kahului Community Center Park, and minutes away to Ka'ahumanu Shopping Center. Large 9996 square foot lot. Fixer Upper. There is a 353 square foot enclosed porch that has a bathroom, and is being utilized as an attached ohana.
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Vacation Condos Over $1M
Kamaole Sands 9402
Kihei
$1.075M (FS)
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Experience the best of island living in this top-floor, fully furnished, 2 bedroom, 2 bath unit offering breathtaking ocean and mountain views right across from beautiful beach parks. Whether you're seeking an amazing vacation rental opportunity or a personal residence, this is the perfect oasis to call home.
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Grand Champions 99
Wailea
$1.249M (FS)
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This remodeled 2 bedroom condo with a spacious floor plan with 1,056 square feet of living area with lovely covered lanai space for enjoying the mountain and golf course views. This popular vacation condo in Wailea has already earned more than 100 five-star reviews from guests! Updated in 2022 with new furniture.
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Menehune Shores 510
Kihei
$2.149M (FS)
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Welcome home to this rarely available 3 bedroom, 2 bath, fifth floor, direct ocean front, vacation rental condominium at the beautiful Menehune Shores in South Maui. Soothing sounds of ocean waves augment the sweeping panoramic views of the Pacific Ocean, the West Maui Mountains, Lana’i, Kahoolawe, and the Molokini Crater.
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Vacation Condos Under $1M
Kalama Terrace L-204
Kihei
$525K (FS) |
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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Kihei Garden Estates G-208
Kihei
$699K (FS) |
This rare second floor 2 bedroom 2 bath unit is all on one level. Beautiful end unit overlooking lush gardens has vaulted ceilings offering extra windows, light and cross breezes. Completely remodeled in 2011 with new custom kitchen cabinets, granite counter tops and furnishings. Tile flooring throughout, 2 AC units, walk in tiled shower in primary suite and tub in main bathroom.
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Makani A Kai A-8
Maalaea
$799K (FS) |
Savor the serenity of living in your Maalaea beachfront complex condo. Spacious ground floor unit has been professionally remodeled with granite counters, newer appliances, beautifully tiled floors, and a split AC in the living room. Tree-lined ocean view from your lanai with quick, easy access to Sugar Beach.
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Luana Kai B-102
Kihei
$949K (FS) |
Enjoy true tropical living in this highly desirable 2 bedroom 2 bathroom ground floor apartment. Luana Kai is a short distance to the ocean. Take in some of the most beautiful Maui sunsets, or watch the whales swim by in the channel with views of Lanai. This updated apartment offers floor to ceiling sliding glass doors that open onto a large lanai.
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Residential Condos Over $1M
Makalii at Wailea 2-B
Wailea
$2.65M (FS)
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Awaken each morning to the fabulous ocean views from your primary bedroom suite. Makalii lives like a "lock n leave" single family home with no one above or below. Stunning mid-century modern 3 bedroom 3 bath townhome with Casita offers professionally decorated upscale Italian furniture.
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Na Hale O Makena C-302
Wailea
$2.7M (FS)
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This 3rd floor unit is steps to the ocean. This spacious 2 bedroom unit has exceptional finishes and a great covered lanai with an outdoor kitchen. Both bedrooms feature spacious bathrooms, and open living throughout the entire unit. This condo also has a carport with an additional storage unit.
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Wailea Point 2802
Wailea
$5.9M (FS)
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Absolutely breathtaking ocean views from 105 feet above the sea the best in Wailea captured through stunning mitered glass bay windows. Facing straight at Molokini Island and including pristine Polo Beach. In the “Gold Coast” of Wailea Point. Beautifully remodeled with a loft added, creating a third sleeping area. Oak wood floors, gorgeous open kitchen with bar counter, elegantly remodeled baths.
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Residential Condos Under $1M
Puuone Gardens 18
Wailuku
$439K (FS)
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Wake up to gorgeous Haleakala and Harbor views from this newly updated 2 bedroom, one bath condo at Puuone Gardens. Unit 18 is located at the end of the second building with trade wind breeze, natural light, close proximity to shared laundry space and assigned carport parking. This complex is centrally located near schools.
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Bay Vista Apartments 10
Kihei
$524.9K (FS)
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A hidden Gem, one of the lowest priced second floor, 1 Bedroom, 1 Bathroom condos in South Maui, Kihei. This complex has only 12 units, four 2 bedrooms and 8 one-bedrooms. Tucked away at the top of a dead end street, very peaceful & shady with lots of big trees.
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Kihei Villages 49-201
Kihei
$534.9K (FS)
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This stunning 2 bedroom, 1.5 bath upstairs unit is perfectly located steps away from Kenolio Park and within walking distance to Sugar Beach. With no road noise, this unit is perfect for anyone seeking a peaceful and tranquil retreat. This unit has been updated with porcelain tile floors in the kitchen and baths, recessed lighting in the kitchen.
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Iao Parkside 27-204
Wailuku
$599K (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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Vacant Land
535 Kaikoo Place
Wailuku
$470K (FS)
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Great level vacant lot is waiting to have your dream home built on. Perfect if you are looking for surf, Big Lefts is just a few steps away. Centrally located, close to shopping and dining. County water meter is installed. Land can come with Airstream trailer and complete PV system and so much more.
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