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Aloha Valued Subscriber
Market Update
Are you planning on executing a 1031 tax defered exchange this year? If the property you are relinquishing closes between October 20, 2017 and December 31, 2017 your normal 180 day exchange period could be shortened.
Typically when utilizing a 1031 exchange the taxpayer has 180 days after closing on relinquished property to close on a replacement property. That is unless your tax filing deadline occurs first, in which case your exchange will need to be complete by the date your taxes are due.
In 2018 Tax Deadline Day for most taxpayers will be April 17, 2018. This is because April 15th falls on a Sunday and April 16th is Emancipation Day, a holiday in the District of Columbia. If you intend to execute an exchange in these upcoming months it is very important that you file for a tax extension on or before April 17, 2018 so that you do not lose out on your full 180-day exchange period.
Visit the IRS website for more information on 1031 Exchanges, or for a thorough explanation Julie Tumbaga at Old Republic Exchange is a local expert.
Have a wonderful week,
Lindsey for The Smith Team
Ken, Melissa, Greg and Lindsey
P.S. - Kihei's newest residential, condominium community, Kalama Kai broke ground today. Kalama Kai will feature 3 bedroom units starting at $447K. Construction is expected to be completed December 2018.
P.S.S - The first Humpback whales of the season were spotted this morning off the coast in Kapalua. View the Video!
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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487 (267)
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254 (47)
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1107 (251)
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+2 |
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Condos
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649 (182)
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288 (30)
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1385 (183)
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-4 |
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Land
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330 (129)
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50 (9)
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214 (16)
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-4 |
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Total
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1466 (578)
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592 (86)
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2706 (450)
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-6 |
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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
18 Ohia Lehua Place
Makawao
$1.089M (FS) |
Secure and exclusive, Kulamalu Hilltop is a twelve-lot gated community situated Upcountry at an enviably temperate elevation for easy living year around. This meticulously maintained single-level 3 bed, 3 bath home, with abundant windows and high ceilings is powered by the sun, with a whole-house photo voltaic system in place.
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115 Hawea Place
Makawao
$1.4M (FS) |
Unique custom 3 bed, 3 bath home in magical Olinda just 2.5 miles above Makawao Town. Feast your eyes on the gorgeous views from large windows throughout the house. Beautifully updated kitchen with state of the art appliances, granite counters, and hardwood floors. Downstairs there is a guest suite with a large deck.
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 195 Mau'u Place
Haiku
$2.19M (FS) |
Luxury meets practicality in the premier gated community of West Kuiaha Meadows. The idyllically located 4 bed, 3.5 bath property offers all a North Shore buyer could ask for, stunning ocean views, exclusive privacy, accessibility and community. Two masterfully constructed homes are intentionally situated in relation to the landscape on this 2.9 acre property, optimizing privacy for each.
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18 Ualei Place
Wailea
$8.75M (FS) |
The Definition of Perfection, meticulously constructed and finished, this 5 bed, 5 bath estate offers over 7,000 sq ft of interior living area flowing out to what feels like an endless expanse of covered lanai space, for true functional indoor/outdoor living, on a tropically landscaped, one-acre parcel.
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Homes Under $1M
278 Ulalena Loop
Haiku
$675K (FS) |
This is truly a special property like no other. The 3 bed, 3 bath home is totally off the grid and located at the top of a small hill on Ulalena rd, in Haiku, which offers peace, privacy and unobstructed ocean views from the roof top deck. The master bedroom has an en suite bathroom with black granite, marble, and tile finishes.
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28 Mano Drive
Kula
$740K (FS) |
Bank Owned - Kula Kai is a wonderful subdivision Upcountry Maui. This "A" Frame is a very interesting house with many possibilities and a lot that is 15,000 sq ft. From the rear deck there is a distant ocean view and the 3 bed, 2 bath house is positioned just right for a family BBQ with a perfect sunset to top off the evening.
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2688 Ohina Street
Kihei
$825K (FS) |
Enjoy the year-round vacation lifestyle while living in beautiful South Kihei. Stroll to world famous beaches, a short drive to world-renowned Wailea and Makena Resorts, schools, shopping, recreation, fine dining and entertainment. This 3 bed, 2 bath residence features a large traditional open floor plan.
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68 Puu Koa Place
Haiku
$845K (FS) |
Well built plantation style 3 bed, 2.5 bath home with living arrangements on two floors. Upstairs has open floor plan and a full length covered lanai overlooking the shady back yard. Vaulted wood ceilings, granite counter tops, sky lights and French doors add to the charm. Downstairs is a large family room with a bathroom, wet bar, and custom concrete floors.
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859 Peahi Road
Haiku
$935K (FS) |
Park like setting on this tranquil, all usable, 2 acre property off of peaceful Peahi Road. Enjoy West Maui Mountain sunsets from the second story. Fully fenced and gated yard offers privacy to enjoy the many fruit trees and large level grounds. The well kept home offers a creative layout, with a 2 bedroom, 2 bath upstairs and a nohana 2 bedroom, 1 bath downstairs.
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Vacation Condos Over $1M
Noelani #410
Kahana
$1.248M (FS) |
This stunning, corner, remodeled 2 bed, 2 bath penthouse has endless ocean views. Sandwiched between a Private Estate and the finest sandy beach, known as "S" turns Noelani can be described as a charming, low-key, hidden-treasure, Boutique Resort.
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Wailea Ekahi #11F
Wailea
$2.115M (FS) |
Custom detailing, excellent location, and ocean views combined with beautiful furnishings set this spacious, 2 bed, 2 bath top floor residence apart. Custom design elements from the warm wood and Polynesian-style matting vaulted ceilings, and recessed and contemporary lighting fixtures, add an elegant dimension throughout the open concept living, dining and kitchen areas.
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Hoolei #69-1(I1)
Wailea
$3.25M (FS) |
The villa you have been waiting for at Ho’olei. This is the largest and most highly sought after 3 bed, 3.5 bath floor plan in the community. Truly a legacy property perfect for multigenerational enjoyment. Situated on the quiet, North end of the last hotel-zoned development in Wailea. Ho’olei 69-1 offers premier world-class amenities. The view is spectacular – 180 degrees looking towards the amazing blue water out towards Lanai.
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Vacation Condos Under $1M
Kauhale Makai #626
Kihei
$355K (FS) |
Enjoy this 1 bed, 1 bath Maui gem with ocean and mountain views. Sit on your lanai and take in the breathtaking views of West Maui mountains, the gorgeous courtyard and pool area, along with of course the beautiful Pacific ocean. From your kitchen, dining room, living room and bedroom you get to enjoy one of the reasons we all love Maui, the views.
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Kihei Kai Nani #142
Kihei
$365K (FS) |
Completely updated and renovated 1 bed, 1 bath unit at Kihei Kai Nani. New stainless steel appliances were installed in the kitchen earlier this year. There is air conditioning in both the living room and bedroom. New flooring was installed in 2015 and new furniture was added in 2016. Unit #142 is located across from the pool and has a private lanai overlooking the garden area.
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Luana Kai #C-210
Kihei
$475K (FS) |
This is a quiet and serene 2 bed, 2 bath ocean view unit at Luana Kai Resort in North Kihei. This floor plan features a large double lanai, master bedroom upfront and ideal single level living. Full size washer and dryer located in the unit. Views overlook the interior courtyard. Enjoy the wonderful outdoor pool, spa tub, sauna, and gas barbeque area.
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Royal Mauian #419
Kihei $824.9K (FS)
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This 2 bed, 2 bath oceanfront condo has a peek-a-boo ocean view from the lanai and master bedroom. Nicely updated kitchen and baths and the barbecue area is on the roof top with 4 grills, a kitchen, bathroom, tables and chairs to enjoy the ambiance and 360 degree ocean views. The Royal Mauian is just steps to Kamaole Beach 1 and Charley Young Beach Park.
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Residential Condos
Puuone Towers and Plaza #505
Wailuku
$225K (FS) |
Wailuku's best kept secret-this secured entry, pet friendly building with 2 elevators and a spacious pool and bbq area is a rare find at this price point. The lovely clean 2 bed, 1.5 bath, 5th floor unit has fully renovated kitchen and baths as well as brand new laminate flooring and fresh paint throughout. Great mountain and ocean views from the living area and master bedrooms large windows which also offer pleasant Wailuku breezes.
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Iao Parkside #15-204
Wailuku
$247K (FS) |
Bank Owned - Adorable entry level unit with 2 beds and 1 bath, nice floors, upgraded lighting. Great location in Wailuku Town close to everything, shopping, dining, and entertainment.
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Kehalani Gardens #504
Wailuku
$389K (FS) |
This spacious 2 bed, 2.5 bath town house condo offers a convenient location and balmy trade winds. Well maintained inside and out, with fresh paint, new laminate flooring on both levels and a sweet brand-new stainless steel, French door refrigerator. This condo is storage rich with a substantial pantry, large closets including a roomy master walk in, and a well sized, personal storage locker outside.
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Kahoma Villages #99
Lahaina
$727K (FS) |
New Development - A new West Maui community right off Historic Front Street. Within the neighborhood you’ll find 3 different offerings to suit almost anyone; The Villas, The Courtyards, and The Carriage Ways. Residents of the community will enjoy 3 parks, electric vehicle charging station and high-speed internet service. The location puts you right within walking distance to restaurants, shopping, Baby Beach and of course Front Street.
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Vacant Land
121 Kulamanu Circle
Kula
$349K (FS) |
Ocean views to live for and priced below county assessed value. Fantastic, convenient location in a sought after neighborhood. Previously approved building plans available. Possible Seller Financing. This is your opportunity for a property with all of these great opportunities, a County water meter, numerous nearby amenities and many public and private schools.
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Hana Plantation
Hana
$2.9M (FS) |
Rare investment opportunity to purchase this seven lot subdivision, located on the lush eastern coast of Maui. Hana Plantation is comprised of 125 acres with a subdivision of seven contiguous, agriculturally zoned lots from 7 to 29 acres, situated in an area of Hana known as East Honoma’ele.
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