Two properties came to market the past couple of days that might be a great project for those of you who have construction or remodeling skills.
The first one is a vacation rentable condominium at Kihei Kai Nani in South Kihei. If you don’t know Kihei Kai Nani, this resort is located right across from Kamaole Beach Park II, Fred’s Mexican Restaurant and within walking distance to other great restaurants and shopping areas. While unit 265 was not used as a vacation rental, I’m sure a little TLC will transform the unit into something desirable for rentals. Kihei Kai Nani 265 can be viewed by clicking the following link: KKN 265. This unit is listed with Coldwell Banker Island Properties.
Next up is a home in Maui Meadows. This South Kihei neighborhood features lot sizes of at least half an acre, have mature landscaping, some ocean views, and varied climate. I remember visiting a friend on the south end of Akala Dr. and it was bright and sunny. I drove down the street to the north end of the street and it was pouring rain. The temperature can even vary by 5 to 10 degrees compared to other neighborhoods closer to the ocean. 543 Mikioi Pl. just came to market a few days ago. It is a three bedroom, two bath home with a two bedroom, one bath ohana. Again, if you have the skills, it could be a great opportunity. Check out the home by clicking the following link: 543 Mikioi Pl.. This home is also listed with Coldwell Banker Island Properties.
While these two properties are great for people who have remodeling skills, there are those of us who aren’t that skilled with power tools, measuring and hammering. And don’t want to deal with fixing anything. So, if you have a property you are interested in or want more information about Maui’s real estate market, drop me a line.
This week South Maui had 17 new listings come to market ranging in price from $275,000 to $3,795,000. The lowest priced property is a two bedroom, two bath unit at Kihei Villages and the highest priced property is a vacation rental at Wailea Elua. Since Elua 1001 is down by the ocean and a pitching wedge away from the pool pavilion, its location is awesome! 23 properties adjusted their pricing and 23 properties sold in the last week.
The link below will bring you to one of the properties that came to market that is now on my radar:
Maui Vista 3-414: Looking for a two bedroom vacation rental in South Kihei at a price under $450,000? This unit is located towards the back of the resort so it is away from South Kihei Road. The unit is being sold fully furnished and is well stocked and the owner is asking for the new owner to honor future bookings.
Should you have questions about Maui Vista 3-414 or other properties, please don’t hesitate to get in touch with me.
If you are considering purchasing your home, second home or vacation rental and the island of Maui is your desired destination, purchase sooner rather than later. The jobs report came out today and experts say that this could mean a rise in interest rates. As of right now many of the properties under contract are in the higher price ranges. By higher I mean more than $1,000,000. Of the 177 properties under contract, 41 are above that mark. Add another ten properties to that total if you bring that mark down to $900,000. Ocean front condominiums are another popular commodity right now too and it does not matter how much they are listed for.
Maui will always be a popular place to own property. If you have the ability, purchase something ocean front and vacation rentable.
Click my picture below to see an article from the New York Times regarding the current jobs report.
This is Kauhale Makai also known as Village By the Sea. There are 169 units in two buildings with studio, one bedroom and two bedroom floor plans. The resort’s amenities consist of a pool, hot tub, putting green, shuffle board, and BBQ area. The open area that you see in front of the complex is a park so it can’t be developed. This is one of the few complexes that has the electricity included in the maintenance fee along with water, refuse, reserve payments, upkeep of the grounds and if I remember correctly basic cable and internet too.
Unit 234 is one of the front row, two bedroom units that can be used as a vacation rental. It is a blank canvas ready for its next owner to make it their own. Why is it listed at such a reasonable price of $399,000? There is an assessment planned for the future. Unfortunately, as of this writing no amount or time frame is known at this time. Click the following link to view Kauhale Makai 234. The property is listed with Wailea Realty.
This week South Maui had 34 new listings come to market ranging in price from $297,000 to $4,250,000. One being a studio at Kauhale Makai and the other being a four bedroom, four bath house in the prestigious Wailea Golf Estates home. 20 properties had an adjustment in price and 33 properties sold.
Below are two of the properties that came to market with my explanation of why I like them.
Kamaole Sands 10-214: One of the larger two bedroom floor plans at Kamaole Sands with both bedrooms on the same level. The building’s location is one of the most desirable in the complex. While the unit has been updated, it may a bit more to bring it into top tier status. This property is listed with H K Realty LLC..
Koa Lagoon 406: Not too many units come up for sale in this North Kihei ocean front complex. Spectacular views and priced below $500,000. This property is listed with Bello Realty.
Should you have any questions about these units or other properties & neighborhoods, please get in touch with me.
While today’s weather isn’t your normal sunny Maui day, South Maui’s real estate market seems to be doing just fine. There are 171 properties under contract ranging in price from $115,000 to $22,000,000 with an average days on market being 142 days and an estimated value of $191,608,336. Not bad for a market where we’ve had a new, unproven President with rising interest rates. What are people buying?Ocean front in all different price ranges, whether it be condominiums or homes. Of the 62 homes pending, 20 of the are above the $1,000,000 price point. At the other end of the spectrum, condominiums in complexes such as Southpointe, Kihei Villages, Keonekai Villages and Kihei Kai Nani are experiencing a selling off of inventory. Why? Many of the units are at about $350,000 or less which is an affordable price range for many people.
Since you are reading this blog, you must be interested in Maui real estate. I’ve either met you at an open house or the god’s of the search engines brought me to you. Buy Maui now, especially vacation rentable properties or ocean front homes and condominiums. All of the construction you see around Maui is either residential condominiums or neighborhoods. There aren’t any new vacation rentable condominiums being built and as Maui continues to be an awesome place to vacation, those properties will become more desirable. Ocean front speaks for itself.
Thank you for taking the time to read this little post. Should you have questions or just want to sell your property, please get in touch with me and lets see if we are a match.