Wailea Ekolu Rental Overview
Vacation-Maui.net, manages four units at Wailea Ekolu, and despite an overall island slide in occupancy, demand at these units remains brisk as we move into April. Our business model of limiting the number of units we manage at each complex, with 71 total under management, continues to pay dividends for our owners. We manage four units at Wailea Ekolu, and all have done extremely well this year despite the reduced Maui visitor count and underwhelming island occupancy rate.
Getting bookings was a dogfight this high season, a sharp contrast from record-setting 2023, when rates and occupancy hit an all-time high. Our combined occupancy at Wailea Ekolu for January through March was a very satisfying 82%. This held with our three 2-bedroom units (102, 310, and 510), which commanded a median of $489 average daily rate during this period, with a high of $595 per night. Unit 407, a 1-bedroom with a beautiful view, hit 81% with rates ranging from a low of $379 to a high of $539.
https://www.vacation-maui.net/wailea-ekolu-102/
https://www.vacation-maui.net/wailea-ekolu-310/
https://www.vacation-maui.net/wailea-ekolu-407/
https://www.vacation-maui.net/wailea-ekolu-510/
We are looking for one or two more units to manage at Wailea Ekolu. We are very conservative in taking on new units – we want every one of our owners to be successful, and thus far we’ve hit every projection we’ve presented.
We’re a low-volume management service (Vacation-Maui.net), with just 70 units under management, and we’re intentionally small. Our team is committed to providing the ultimate guest experience, and with more than 4,000 reviews and a 4.85+ overall average across all of our properties, we’re succeeding. Our unit care is on point. We’re locally based and our ownership is very hands-on. If you’ve thought about exploring your options, feel free to give me a call at (808) 344-0624, or an email at [email protected]. I own the company and am always available to our owners. I ALSO sell a lot of investment real estate: my site is KevinSpaise.com. Our management site is Vacation-Maui.net.
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.
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Our four units under management at Wailea Ekolu averaged 82% high-season occupancy (January through March), and our three 2-bedroom units averaged $489 per night
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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!