Recent Vacation Rental Sales
MAUI VISTA – 6 SALES
It was a banner month at Maui Vista, the tidy little property located directly across the street from Charlie Young Beach and Kam I, with five closed 1-bedroom sales between $725,000 and $773,000. One 2-bedroom sold, the first Maui Vista closing ever to exceed $1M – unit 3-410, closing at $1,002,500.
KIHEI BEACH – 2 SALES
Our favorite North Kihei ocean front property (we manage unit 606 here) saw two units (301 and 501), both listed at $1,450,000, close escrow in April. Unit 301 was on market for almost five months before landing at $1,385,000, while 501 sold for $50K over asking, $1,500,000.
MAUI BANYAN P201 – $1,365,000
Maui Banyan continues to enjoy success as a vacation rental venue, and unit P201 closed at $1,365,000 after around 90 days on market. This unit featured an attractive reno, and should do well in the VR fray.
KAMAOLE SANDS 9-405
The Kamaole Sands “unicorn” – the all-elusive 3-bedroom vacation rental – comes up only once in a while, and this one commanded a premium, closing at $1,900,000 after a list of $2,195,000. It took a little less than four months to hit contract.
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!