South Maui’s coastal enclave spans eight miles of shoreline and fronts four of Hawaii’s best beaches – the three Kamaole jewels, and Wailea-bordering Keawakapu (Kay-Ah-Va-Ka-Poo), and hosts a variety of residential and investment condo options.

 

 

There are pockets of residential neighborhoods across the street and a few blocks inland from the beaches in both North and South Kihei. Prices have risen dramatically over the past six months, and now start in the $1M range for basic homes, and move toward $2M for more upgraded properties. Some have cottages, which are legal for long-term rental. Lot sizes generally range from 8,000 to 10,000. Note: technically Maui Meadows is also in Kihei, but it’s on the hillside overlooking Kihei and Wailea and features half-acre lots.
North Kihei also offers more oceanfront options than South Kihei. Ocean front property prices in North Kihei run from around $600,000 for a 1-bedroom in a complex located off the water to $1.5M for a 2-bedroom unit practically on the sand. In South Kihei, oceanfront prices range from around a million for a 1-bedroom ocean front, to $2M plus for 2-bedrooms.

 

Kevin Spaise leads the Keller Williams Vacation-Maui Real Estate Sales team and owns Vacation-Maui, one of Maui’s top-rated vacation condo management agencies. He’s the author of The Maui Condo Book, used by Maui’s top brokers, agents, and Title Companies. He’s readily available to discuss Maui investment real estate at (808) 344-0624 or [email protected]

 

 

Frequently Asked Questions About Kihei Real Estate Trends

1. What are the current real estate trends in Kihei?

   The real estate market in Kihei is currently witnessing robust growth, driven by high demand for residential properties, especially from those seeking a lifestyle close to the beach. The attraction of living in a resort-like environment with access to world-class beaches and year-round sunny weather has made Kihei a popular choice. Consequently, there's a trend towards rising property values and a competitive market environment. This demand has spurred developments ranging from luxury condominiums to single-family homes, catering to a diverse array of buyers and investors.

2. How have property values in Kihei changed in recent years?

   Property values in Kihei have been on an upward trajectory in recent years. The town’s popularity as a destination for both tourists and permanent residents looking for vacation homes has fueled this increase. As more people discover the allure of Kihei’s lifestyle, coupled with limited new land for development, the existing properties have appreciated. The ongoing interest from both U.S. mainland and international buyers continues to drive the market, suggesting a stable future for real estate investments in the area.

3. What types of properties are most common in Kihei?

   Kihei offers a diverse range of property types to accommodate various preferences and budgets. Condominiums are particularly prevalent, appealing to those looking for vacation homes or investment properties with opportunities for rental income. These condos are often located close to the beach and feature community pools, spas, and other desirable amenities. Single-family homes are also available, providing more space and privacy for families and long-term residents. Additionally, there’s a growing market for townhouses and multi-family units, which provide more affordable alternatives to detached homes.

4. What should potential homebuyers know about purchasing real estate in Kihei?

   Potential homebuyers in Kihei should be aware of the competitive nature of the real estate market, especially near beachfront locations. It’s important to act swiftly when desirable properties come onto the market. Buyers should also consider the additional costs of ownership in Hawaii, such as higher property taxes for non-residents and higher homeowners insurance rates due to the tropical climate and storm risks. Engaging a local real estate agent with experience in Kihei’s market can provide invaluable assistance in navigating these challenges and finding a property that meets your needs and budget.

5. Is Kihei a good area for real estate investment?

   Kihei is considered a strong area for real estate investment, thanks to its ongoing popularity with tourists and its reputation as a desirable residential area. The potential for rental income, particularly with short-term vacation rentals, makes it an appealing option for investors. However, prospective investors should be mindful of local regulations regarding rentals and ensure compliance. With its steady appreciation in property values and the high demand for accommodations, Kihei offers a promising return on investment, particularly for those willing to engage actively with the local market and community.