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.
Our four units under management at Wailea Ekolu averaged 82% high-season occupancy (January through March), and our three 2-bedroom units averaged $489 per night
Wailea Ekolu 902, a 2-bedroom without ocean views, set a sales price record in March at $2,362,000, becoming only the second such unit at the property ever to sell for… Read more
Located beach front bordering Kihei and Wailea, Mana Kai delivers stunning south shore views from every unit. Unit 410, under our management for three years, hit 76% o… Read more
Beach front on Keawakapu Beach, one of the best stretches of sand in the Hawaiian Islands, the Mana Kai vacation rental has established a foothold at the $2M-plus pric… Read more
Guest demand for Wailea luxury vacation rentals remains high despite an overall 20% post-fire downturn in island visitors, and unit 12-2 – a front-row unit with a gard… Read more
Ho’Olei, the stunning gated community across from the Grand Wailea, set a new record with a sale price of $6.5 Million in March
Vacation-Maui.net manages three units at the Palms of Wailea, and 47 of 51 guests responded with 5-star ratings. Our occupancy ranged between 86% and 92%
The Palms of Wailea 1-bedroom market was quiet through the winter, with four 1-bedrooms listed and no escrows as of yet. Buyers are waiting for 2-bedroom inventory, ho… Read more
Unit 803, a stunning 3-bedroom at Wailea Elua with commanding ocean views and a discriminating owner who insists on nothing but the best for his vacation rental guests… Read more
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!