Mana Kai Real Estate Market Overview
The two most recent closings at Mana Kai, both on January 31 of this year, solidified Mana Kai’s base as a $2 million-plus property. Unit 412, a beautifully renovated unit that represents a premium level but is two stacks from the road, sold at list price of $2,195,000 after 42 days on market. Unit 303, much closer to the ocean but not as lavishly done, closed at $2,200,000, off an asking price of $2,325,000. It was on the market 37 days prior to contract.
There are three active listings on property, most recently unit 202, which came on market at $2,285,000 on March 6. Units 607 ($2,135,000) hit market March 20, and 310 was listed March 2 at $2,050,000.
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!