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Aloha Valued Subscriber
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In this newsletter:
Short Sales
Homes
Condos
Land
New Properties (0)
Price Reductions (0)
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Premier Beachfront Community
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Market Update
A new law will increase HARPTA withholding from 5% to 7.25% effective for all transactions closing on or after September 15, 2018. The Hawaii Real Property Tax Act (HARPTA) affects sellers who are U.S. residents but not Hawaii residents.
The law ensures that non-residents report and pay capital gains taxes when they sell real property interests in Hawaii. There are some instances where HARPTA withholding does not apply.
Non-resident sellers are exempt from the withholding if they are conducting a 1031 exchange. If the seller is selling the property at a loss or recognizing a gain of less than 7.25% they will not be required to have any monies withheld. If the sales price is under $300K and the property has been used as a principal residence for the past year the seller's will qualify for an exemption from the HARPTA withholding.
Have a wonderful week!
Ken, Melissa, Greg and Lindsey
P.S. - The former Maui Prince and then Makena Beach Resort is coming down piece by piece. The ballroom is mostly gone and demolition of the South wing is in progress. This is all part of the new Makena Golf & Beach Club, a luxury condominium and beachfront community project.
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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497 (304)
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197 (43)
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1143 (259)
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-4 |
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Condos
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567 (171)
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304 (43)
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1626 (249)
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-7 |
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Land
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298 (102)
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43 (16)
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242 (26)
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0 |
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Total
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1362 (577)
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544 (102)
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3011 (534)
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+11 |
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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
 12 Hoonani Street
Kihei
$1.078M (FS) |
This expansive compound in North Kihei, is perfect for an investor, multi-family, or a buyer looking for instant rental income, with a 2 story main house, attached studio accessory dwelling and detached cottage. Complete with a 2 car garage, sprawling lawns and private lanais this property is a prime Gem in Kihei.
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12 North Piki Place
Kaanapali
$1.3M (FS) |
This delightful 4 bed, 2.5 bath home is a must see. Located in the sought after Kaanapali Hillside subdivision. Dining, golf and all of the best activities that make Kaanapali a world class resort are just minutes away.
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 23 Mauka Place
Kula
$1.35M (FS) |
Exceptional and very private location at the top of Kula Kai bordering wide open ranch land along with ocean and Haleakala views! The single story main home has 4 beds, 2 baths with a wonderful open living/kitchen & dining area designed for easy living & entertaining. The property was Interim zoned when built and has a good size detached cottage with 3 beds, 2 baths & lanai.
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Homes Under $1M
1111 Puana Street
Makawao
$499K (FS) |
Enjoy the sweet Makawao lifestyle from this remodeled 2 bed, 1 bath home. This country home sits on a fully fenced 6,745 sf lot and offers an updated kitchen with an island, upgraded bathroom, newer windows, doors and exterior paint.
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53 Olinda Road
Makawao
$750K (FS) |
House and cottage within walking distance to charming Makawao town. Plantation style with nice ocean views from the deck and master bedroom. Main 3 bed, 1.5 bath house has tall tongue and groove ceilings, granite countertops in the kitchen, and a half bath in the garage.
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106 Meheu Circle
Kahului
$590K (FS) |
Situated on a corner lot, there is only 1 immediate neighbor at your side and this 3 bed, 2.5 bath property offers the feel of an open area. Recently constructed is the new Maui Lani multi complex which is located right around the bend and offers a great outdoor space for all the athletic activities one can think of.
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Vacation Condos Over $1M
Maalaea Surf #E-5
Maalaea
$1.2M (FS) |
This clean 2 bed, 2 bath at Maalaea Surf is an upstairs unit, with great ocean views, vaulted ceilings, northwest facing lanai to take advantage of the trade winds. This unique, ocean front complex has the amenities vacationers are looking for, 2 pools, tennis courts, shuffleboard, Clubhouse, BBQ and miles of sandy beach just in front of the complex.
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Makani Sands #305
Honokowai
$1.298M (FS) |
Makani Sands is a quiet, small complex in the sought after area of Honokowai, half way between Kaanapali and Kapalua. The top (3rd) floor of the building is comprised of ten 3 bedroom, 2 story units.
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Montage Residences #2204
Kapalua
$2.95M (FS) |
A unique opportunity to own one of the most attractively priced 3 bed, 3.5 bath residence at The Montage Kapalua Bay, West Maui's newest luxury resort with world class amenities. Situated on the ground floor of Building 2, you can enjoy easy access to Kapalua Bay as well as the beautiful walking trails along the ocean and through Kapalua Resort.
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Vacation Condos Under $1M
Kauhale Makai ##202
Kihei
$299K (FS) |
Ocean views, rental income, and enjoy breezy romantic BBQs while watching Maui's colorful sunsets. Stroll along the waters edge in front of this popular vacation spot and watch the whales playing off shore, while the turtles take a rest in the sand. Splash around in the large pool and heal your hiking or kiteboarding muscles in the spa.
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Aina Nalu #H201
Lahaina
$473.2K (FS) |
Bank Owned - Located steps away from the center of historic Lahaina Town, Aina Nalu is a full service resort in a private, lush tropical setting situated on over 8 acres. This 2 bed, 1 bath end unit is conveniently located next to one of 2 pools and BBQ area.
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Kihei Akahi #D-613
Kihei
$489.9K (FS) |
Welcome to the top of Kihei. Enjoy spectacular full Western sky views and sunsets all year. Painted horizons will be yours. This 1 bed, 1 bath unit is clean, tidy, and comfortable. It will be a great vacation rental or a great residence or both. The top floor of the D-Building is a sought after property in South Kihei.
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Maui Banyan #H-210
Kihei
$495K (FS) |
A turn-key, wonderfully furnished, 1 bed, 2-bath vacation rental condo property. Unit# H-210 has been well maintained and with a kitchen that has been fully renovated in the recent years. This condo offers air conditioning and has a partial ocean view.
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Maalaea Banyans #419
Maalaea
$540K (FS) |
Spacious, 2 bed, 2 bath residence offering casual comfort and convenience. Located on the tranquil coastal shores of the Pacific Ocean, this upgraded, upfront residence features enchanting panoramic views and the sought after Maui resort lifestyle.
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Residential Condos Over $1M
Hokulani Golf Villas #94
Kihei
$1.08M (FS) |
Customize your dream home on this to-be-built unit. Hokulani Golf Villas have been uniquely designed to offer the comfort and privacy of a luxury home, combined with the carefree lifestyle of a condominium.
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Wailea Palms #2605
Wailea
$1.1M (FS) |
Wailea Palms 2605 is a ground floor 2 bed, 2 bath unit with the most popular "B" floor plan. The south-side location in the complex allows for some ocean views, as well as sunset views during the winter months. A complete renovation included the kitchen and both bathrooms.
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Kai Malu #13B
Wailea
$1.599M (FS) |
Private pool and spa, owned 32 Photovoltaic panels on roof, battery backup system, ocean view, designer interior, central AC. 3 bed, 2.5 bath 1,796 sq ft Lewa floorplan has spacious living space. Your own private pool and hot tub right off your lanai.
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Residential Condos Under $1M
Haleakala Gardens #2B
Kihei
$319K (FS) |
Haleakala Gardens is a popular long term condominium complex located in very close proximity to shopping, restaurants and beautiful Sugar Beach, one of the longest sandy stretches of beach on Maui. The unit comes with two parking stalls that are located very near to the unit.
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1667 South Kihei #3
Kihei
$570K (FS) |
This lovely 3 bed, 2 bath residential condo with vaulted ceilings and an extra large lanai is just 2 blocks to the ocean in the heart of Kihei. With exceptional finishes including granite counter tops and stainless steel appliances in the kitchen, beautiful cork flooring in the living area and tumbled volcanic rock flooring in the bathrooms.
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Vacant Land
0 Kula Highway
Kula
$1.95M (FS) |
2018
25 acres, spectacular bi-coastal views from this preliminary approval 7 lot subdivision. There is an existing 3/4" county water meter with an additional 6 water meters on the county water meter list. Excellent location and perfect elevation (approx. 2,400').
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