Mana Kai Real Estate Market Overview
On the heels of Mana Kai units 412 and 303 recent closings at $2.2M, unit 202 – listed at $2,285,000 – just went into escrow after barely a month on market. Unit 202 was nicely renovated and with its second-floor, point location, feels almost like you’re sitting on the beach. It will do extremely well as a rental.
There are two active listings at Mana Kai. Unit 310 (listed March 2) is on market at $2,050,000. We manage 410, just above it, which does phenomenally well for its San Diego-based owners. Unit 607 (listed March 20 at $2,135,000) is mostly original. Let me know if you’re interested in a video showing of either of these listings.
Off topic, for you owners – with a little help, the beach is back! Mother nature has done her part to slowly restore the beach in front of and to the south of Mana Kai, and Maui County has helped the effort with debris and sand management.
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!