New Short Term Rental Status and How It Affects Wailea Elua
The short answer is, probably not at all.
Shockingly, Wailea Elua is on the Minatoya list of properties targeted to convert from vacation rentals to long term rentals. However, it is not Apartment-zoned, as are 96 of the 100 properties listed. Like its neighbor across the street, it’s zoned Hotel, which is and has always been the benchmark for undisputed short term rental opportunity.
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.
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Wailea Elua zoned Hotel, not targeted by Minatoya list
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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!