Smith Team Real Estate Newsletter

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Issue 1221 | August 25, 2026

Aloha ,

In this newsletter:

Market Update Market Watch Homes
Over $1M Homes
Under $1M Vacation Condos
Over $1M Vacation Condos
Under $1M Residential Condos
Over $1M Residential Condos
Under $1M Vacant Land

Breathtaking Sunset Views

409685-8b4655b2-1cd7-4509-8099-4271b2d8af70

10 Hui Rd E Rd
Napili

$5.200M (FS)

Poised within a prestigious oceanfront community, but positioned without the front row real estate price premium, 10 Hui Road E is a fully updated, multi-level estate that combines dramatic ocean views with a protected location. Just steps back from the shoreline, the property captures elevated Pacific views and year-round sunsets. The residence has undergone a comprehensive renovation featuring high-end fixtures and finishes throughout.

Listing Details
Video Tour

Expanding the List: Proposed Council Amendments Seek to Add 16 More Properties to Hotel Rezoning Resolutions

Aloha!

The ongoing debate surrounding Maui’s short-term vacation rentals reached another critical milestone this week as the Maui County Council’s Housing and Land Use Committee held its second hearing on Resolutions 26-129 and 26-130.

These resolutions serve as the primary mechanism under Bill 88 (Ordinance 6008) to transition qualifying apartment-zoned Minatoya List properties into new H-3 and H-4 hotel districts. During nearly two and a half hours of public testimony, council members reviewed proposed amendments that could significantly expand the number of properties moving toward permanent hotel zoning.

Here are the key takeaways from Wednesday’s hearing:

16 Additional Properties Proposed: Three pending amendments introduced by Council Chair Alice Lee, Council Member Tom Cook, and Council Vice-Chair Yuki Lei Sugimura seek to add up to 16 additional condominium complexes across South, Central, and West Maui to the rezoning list.

Coastal Exposure Criteria: The amendments primarily cite 3.2-foot sea-level-rise exposure mapping as justification. Properties proposed for inclusion include Waiohuli Beach Hale, Kīhei Resort, Shores of Maui, Kamaole One, Makani A Kai, Maalaea Banyans, Nohonani, Kahana Reef, Noelani, and Kīhei Parkshore, among others.

Debate Over Housing Impact: Community groups and housing advocates argued that expanding the rezoning list shrinks the inventory of units originally intended for conversion to long-term housing under Ordinance 5909. Meanwhile, property owners and vacation rental advocates highlighted rising oceanfront maintenance costs and presented MLS data showing that the vast majority of recent Minatoya List sales continue to go to non-resident buyers.

Next Steps: Committee Chair Nohelani Uʻu-Hodgins recessed the hearing around noon with testimony still ongoing. The committee is scheduled to reconvene on August 27 at 9:00 a.m. at the Kalana O Maui Building in Wailuku to conclude public testimony and begin formal deliberations and votes on the proposed amendments.

As council members refine the eligibility standard—particularly regarding coastal exposure thresholds—tracking these committee decisions remains vital for owners, buyers, and sellers navigating Maui's evolving condominium market.

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)

The Smith Team

P.S. Festivals of Aloha announces 2026 Schedule of Events across Maui County

Market Watch

	Active	Pending	Sold	Change
Homes	474 (405)	97 (68)	720 (531)	-6
Condos	843 (285)	119 (32)	783 (192)	+10
Land	220 (84)	15 (2)	139 (33)	+3
Total	1537 (774)	231 (102)	1642 (756)	+7

1. Numbers in parentheses reflect listings over $1M
2. Sold listings are for the previous 12 months
3. Change is the increase/decrease from the previous week

January 2026
February 2026
March 2026
April
May
June

Market Statistics

Updated list of all bank-owned and short-sale properties:

Bank-owned
Short sale

Homes Over $1M

410607-88b1d59d-297c-4977-8b92-b0ab39ebe4ea

843 Maikai St

Makawao

$1.100M (FS)

Rare opportunity on the edge of Haliimaile! This unique property features a spacious 4-bedroom, 3-bath main house plus a detached 2-bedroom, 1-bath cottage. Fabulous panoramic views stretch across Central Maui from Paia to Maalaea, creating a beautiful backdrop for relaxing and watching spectacular sunsets.