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.
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!