Just Closed Escrow - Most Recent Kihei and Wailea Vacation Condo Sales
KAMAOLE SANDS 7-307 - $975,000
KAMAOLE SANDS 4-413 – 1,490,000
All eyes were on Kamaole Sands, waiting for these closings, as potential buyers wondered how the property’s all-encompassing plumbing project and resulting $50-75,000 assessment would impact pricing. The answer: not very much. Kamaole Sands 7-307, a showcase 1-bedroom located in desirable building 7, went for $975,000, full asking price. And in one of the most stunning closings of the year, unit 4-413 closed for $1,490,000, one of the highest priced sales ever of a 2-bedroom unit at Kamaole Sands – despite its perimeter building location. It shows what a beautiful renovation can do – and this one is absolutely gorgeous. No doubt about its potential as a successful vacation rental.
HO’OLEI A-1 – $6,500,000
HO’OLEI L-3 - $6,100,000
The top of the market is as good an indicator as you can get to judge a market, and Ho’olei is on a very short list of the top vacation properties on Maui. A-1 set an all-time sales record at $6.5M. These two units, both beautifully appointed and boasting views, each went for full asking price. Incredibly, both luxury condos went under contract on the day they were listed.
ROYAL MAUIAN 106 - $1,970,000
With one of the best locations in South Kihei – wedged between Kamaole I and Kamaole II Beaches, with easy access to both – Royal Mauian is a guest favorite among our vacation rental options, and this unit is destined to do very well. Listed at $2,050,000, it is situated at ground level, with incredible ocean views from the grassy area out front and living room.
WAILEA EKAHI 24B - $1,350,000
Wailea Ekahi is a favorite vacation rental property for its location, just above the Shops at Wailea, and low-density feel, and spacious interior footprint. This 1/2 unit featured a beautiful beach-themed remodel and a private garden ambience off its ground-floor lanai. List was $1,425,000.
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!