New Kihei and Wailea Condo Listings

We’ll focus our New Listings this month on properties that are not on the Minatoya list. We believe that the economics of this new law, and the resulting $200M budget shortfall, will doom it. As an investor myself, however, I wouldn’t buy anything on the list unless I just couldn’t resist the price. There are some excellent vacation rental investment performers on the list. Call or email me, and I’ll send along real-world rental projections on these properties, based on actual data from units at the same complex that we manage.  

KIHEI BAY VISTA D-207 - $679,000 

This entry-level vacation rental sits across the street from Sugar Beach, Maui’s longest stretch of walking sand, in North Kihei. It will require between $50-75K in updating and upgrades to make it a viable rental, in my opinion. We currently manage Kihei Bay Vista B-102 (see link - Vacation-Maui.net: Kihei Bay Vista B-102 in South Maui | Vacation Maui) which is almost constantly booked.  

HONUA KAI NR415 - $1,549,000 

One of the best, and our favorite, vacation rental properties on Maui, Honua Kai has seen challenges following our tragic fire in August. Occupancy and visitor inclination to visit the rebuilding west side are on the upswing, however, and with 18 units listed at the property, an aggressive search here will likely yield a bargain. 

Prices range from $1,405,000 for a 1-bedroom with an ocean peek, to $4.6M for a stunning 3-bedroom with views.

We manage Honua Kai 934 ( Vacation-Maui.net: Honua Kai Hokulani 934 in West Maui | Vacation Maui ), a mountain view 2-bedroom that is consistently booked, and which has generated dozens of glowing 5-star reviews.  

Honua Kai NR 415 (see link - Honua Kai NR 415 in West Maui) is the most recent HK unit to list, at $1,549,000. 

KALAMA TERRACE P-211 – $678,000

Three units at Kalama Terrace, among the least-expensive of South Kihei’s vacation rental condos, were listed in April and early may. Unit P-107, like P-211 a 1-bedroom, came on at $599,000, and is the only vacation rental condo in Kihei at under $600,000. Unit P310, a 2-bedroom, was listed at $849,000.  

We manage P-307, a beautifully decorated and appointed 1-bedroom. Here’s the link:
Vacation-Maui.net: Kalama Terrace P-307 in South Maui | Vacation Maui 

ROYAL MAUIAN 104 – $2,050,000 

Ideally located ocean front between Kamaole I and Kamaole II Beach, with easy access to both, the Royal Mauian is one of South Maui’s most desirable vacation rental properties. We manage unit 309 Vacation-Maui.net: Royal Mauian 309 in South Maui | Vacation Maui. 

Unit 104 is a rare ground floor ocean front unit, and it lacks nothing to be a top-producing vacation rental. Soothing tones, upscale furnishings, split-system AC, and a beautifully remodeled kitchen – along with ground floor access to the beach lawn in front – make this unit an instant rental superstar. We’ve hit 80+% consistently with 309, and this one would fit beautifully in our portfolio. Let me know if you’d like a virtual showing – many of my clients handle their purchase, or at least the first portion of it, remotely.  

ISLAND SURF 209 - $699,000 

Located directly across the street from Maui’s Surf cove and close to Kamaole I Beach, Island Surf is an iconic property that features great ocean views. Unit 209 is a second-floor 1-bedroom, listed at $699,000. We manage unit 304 Vacation-Maui.net: Island Surf 304 in South Maui | Vacation Maui, which averages around 80% occupancy and is a consistent guest favorite.  

THINKING ABOUT BUYING? 

Even if you’re in the beginning of your exploration, our experience and expertise in the market is a great resource for you in deciding whether or not ownership is right for you. I’ll give you clear, concise answers to your questions, and provide as much data as you need. With more than $100M in vacation investment property under management, we have access to real-world rental income data, eliminating your need to rely on sales agents’ promises and projections. Reach out to discuss pros and cons, properties, and the state of Maui’s vacation rental market. Check my site at KevinSpaise.com, our management site at Vacation-Maui.net, and reach me at (808) 344-0624, or at [email protected] 

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.