Despite being a front-row unit adjacent to the road, with no ocean view, Ho’olei 12-2 has been a huge success since we’ve managed it, nearly three years. This unit booked up the entire Christmas holiday (December 15 through Jan 1) at over $2,000 per night, and hit 91% occupancy in January. We booked it at 85% in February’s available nights, with an average rate of just over $1,000, and 83% in March with an average rate of $860 per night.
We’ve kept Ho’olei 12-2 and our other Wailea luxury units (Makena Surf, Wailea Elua, Wailea Ekahi, Wailea Ekolu) at right around 80% occupancy throughout the last three years. The higher end properties have been slightly impacted by the negative press surrounding Maui’s wildfire recovery, but is more resilient to these trends than the mid- and lower-range properties we manage.
We’re a low-volume management service (Vacation-Maui.net), with just 70 units under management, and we’re intentionally small. Our team is committed to providing the ultimate guest experience, and with more than 4,000 reviews and a 4.85+ overall average across all of our properties, we’re succeeding. Our unit care is on point. We’re locally based and our ownership is very hands-on. If you’ve thought about exploring your options, feel free to give me a call at (808) 344-0624, or an email at [email protected]. I sell a lot of investment real estate: my site is KevinSpaise.com. Our management site is Vacation-Maui.net.
Kevin Spaise is a Maui Realtor specializing in Maui vacation rental investment real estate. Kevin is an expert in Kihei and Wailea real estate and has been a full time Realtor for 20 years, with more than $120M transacted. He owns Vacation Maui, a property management company with 70+ investment condos under management, and delights in providing real-time performance data to future investors. See KevinSpaise.com, or call him directly at (808) 344-0624.
Stay up to date on the latest real estate trends.
Ocean Front Mana Kai 410 continues to rock 75% occupancy with ADR of $476
Mana Kai not targeted on Minatoya list, new law would have no impact
Beach front Mana Kai market active, with two units closing at over $2M
Vacation-Maui’s two luxury Elua units crush it in April, with 80% occupancy
Wailea Elua zoned Hotel, not targeted by Minatoya list
Low inventory, high demand drives strong Wailea Elua vacation rental condo market
Palms at Wailea hits 85% occupancy in April, despite soft visitor count
Quiet market at Palms of Wailea
Wailea Ekahi 4E books 28 of 30 available nights
Whether you're just starting to explore the options and want a quick overview of the areas and pricing, or specific properties have caught your attention, I would so appreciate the opportunity to share my knowledge and insight with you. Warm Aloha!