South Kihei Condos Analysis

One of our most popular blog post, the South Kihei Condo Beachfront Analysis, has been in need of some updating for some time. Without further ado, below please find pertinent data as relating to condos directly located on South Kihei's golden mile: Hale Hui Kai, Hale Pau Hana, Kihei Surfside, Mana Kai, and Royal Mauian. Although Kamaole Nalu is located directly in between Hale Pau Hana and Royal Mauian, we are specifically excluding it from our data as it is a leasehold property and its values are significantly impacted by its land tenure. Contact us for more information on Kamaole Nalu. 

The chart below details the price per square foot, which is generally the best metric when gauging value across multiple micro-markets (different floor plans available, different sizes being absorbed, etc.).

What becomes clearly apparent is the Mana Kai continues to be the 'king of the hill' when it comes to this micro-market and it's easy to see why - beachfront on one of the best beaches in the world, all units enjoying outstanding ocean view corridors (varying based on the stack and floor level), and a very active on-site rental program.

For those who prefer data in a more numbers-driven format for consumption, below please find the same data (price per square foot of interior living space) in a table-format.

Please keep in mind that when looking at averages, it does not take into account how there are special units within each complex, as examples, the D-1 / D-2 units at Hale Pau Hana, the '13' stacks at Hale Hui Kai, or the '01' stacks at Mana Kai. When any of the aforementioned come on the market, their value far exceeds what comps dictate that it should and it is well within reason to expect such variances.

Contact

For those interested in learning more about the South Kihei condo market, do not hesitate to contact us through the form below or call 808.385.5034 (Alex) or 808.392.6657 (Ryan).