Just Under Contract
MAUI VISTA 2-123 - $695,000
KIHEI BAY VISTA B202 - $725,000
KALAMA TERRACE L-106 - $648,900
Of nine new escrow in March, three were entry-level units: Maui Vista 2-123 ($695,000), Kihei Bay Vista B-202 ($725,000), and Kalama Terrace L-106 ($648,900). The starting point for Maui vacation rentals is now in this range. These three units have radically different vibes. Maui Vista is across from Kamaole I/Charlie Young and features three small pools. Kalama Terrace has more of an apartment feel, and Kihei Bay Vista is located across from an uncrowded beach in North Kihei.
KIHEI AKAHI A-105 - $1,400,000
If Kihei Akahi A-105 closes at anywhere near this list price, it will shatter the sales record at the complex by around $500,000. Located across the street from Kamaole II Beach, the Akahi is a popular vacation rental destination. This one, however, is not likely to pencil as well as others currently on the market.
SUGAR BEACH PENTHOUSE 31 - $1,175,000
With dramatic, forever ocean views from its lanai, Sugar beach PH31 is a trophy property that will absolutely crush it in the vacation rental arena. An upper floor unit on the sand in North Kihei, this 1/1 (613 sf) is beautifully decorated. No wonder it went under contract in nine days.
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!