Leave a Message

By providing Kevin Spaise your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

Wailea Elua Real Estate Market Overview

June 2, 2024

Wailea Elua Real Estate Market Overview

On the heels of a pair of 2-bedroom Elua units selling for $4M earlier this year and sustained interest (low days on market, high prices) of everything listed at the property this year, buyers are crying for inventory. Unit 2102, a 1-bedroom listed at $2.9, went on market a few days ago, and it’s the only listing.
I do have a client who is considering going to market with an Elua unicorn: a 3-bedroom unit, beautifully updated, with commanding ocean views and a stout rental history. Pricing won’t be for the faint of heart, but still may be lower than the assessed value of $6.2M. Call or email me (808) 344-0624, [email protected] if you want to know more.

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.

Recent Blog Posts

Stay up to date on the latest real estate trends.

Mana Kai Rental Overview

Ocean Front Mana Kai 410 continues to rock 75% occupancy with ADR of $476

New Short Term Rental Status and How It Affects Mana Kai

Mana Kai not targeted on Minatoya list, new law would have no impact

Mana Kai Real Estate Market Overview

Beach front Mana Kai market active, with two units closing at over $2M

Wailea Elua Rental Performance Update

Vacation-Maui’s two luxury Elua units crush it in April, with 80% occupancy

New Short Term Rental Status and How It Affects Wailea Elua

Wailea Elua zoned Hotel, not targeted by Minatoya list

Wailea Elua Real Estate Market Overview

Low inventory, high demand drives strong Wailea Elua vacation rental condo market

Palms at Wailea Rental Overview

Palms at Wailea hits 85% occupancy in April, despite soft visitor count

Palms Real Estate Market Overview

Quiet market at Palms of Wailea

Wailea Ekahi Rental Performance Update

Wailea Ekahi 4E books 28 of 30 available nights

Work With Kevin

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!