Wailea Ekahi Real Estate

With a bit more inventory flowing into the market, buyers of Wailea vacation rentals have a bit more of a selection from which to choose. The market remains active and healthy, but has slowed a bit (by unit volume) over last month. Suddenly there are nine units for sale at the Ekahi (9 1-bedrooms), ranging in price from $1.4 to $2.5M. The most recent unit to hit market is unit 45C, a nicely remodeled ground floor garden view.
                Two units have gone under contract in the last week. Ekahi 39D, on market for 91 days and listed at $1,689,000, went under contract on March 29. It’s a 1/1, 792 square feet, with a uniquely tropical remodel that features a Balinese theme – it could do very well in the vacation rental world. Unt 37E, also remodeled and featuring a real garden view, went under contract within two weeks, as the lowest priced unit ($1,225,000) in the complex.
                Two Ekahi units closed escrow. Unit 24B, listed at $1,425,000 and under contract in about 90 days, sold at $1,350,000. Ekahi 23C went into escrow just two days after listing, always a good sign – and it closed at full price, $1,600,000.
                There is currently a huge demand for 2-bedroom Wailea vacation rental properties. Some of the owners we have under management contract are looking for additional units, and we’ve put together several of these “off-market” sales in the past year. If you’re interested, or even curious, give me a call or email at (808) 344-0624.

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.