October 2014

Found 6 blog entries for October 2014.

honua kai kaanapali

In the past few years, Honua Kai has become one of the most sought-after properties in Hawaii, with its 650 sales thus far amassing an impressive $776M in total sales volume. With the nearing high season, expectations are high that the pent-up demand, coupled with diminishing developer inventory will result in upwards pressure on prices, with specific niches seeing higher-than-average demand. One of the inventory-hungry micro markets are premium one bedroom units. 

As such, we are pleased to announce the introduction of Hokulani 240. In arguably one of the best locations for one bedroom units, this units offers 700 square feet of immaculately maintained interior living space with an additional 145 square feet of outdoor space seamlessly integrated

With developer inventory dwindling, there are specific property types that are in high demand due to the lack of available options. One niche within the Honua Kai micro-market that continues to be highly sought after is the 1 bedroom + den. Due to its size, it is considered to be the strongest performer among vacation rental properties in Honua Kai, which as a whole is considered to be in a league of its own - few properties in the Maui condo market can post similar numbers to those in Kaanapali's newest addition, Honua Kai.

honua kai konea

Now offered for sale by Powerplay Destination Properties Hawaii, Konea 206 is the only 1 bedroom + den currently available for purchase at Honua Kai. Featuring 945 square feet of interior living space, seamless integration of

Delivering a superior guest experience has resulted in Honua Kai gaining a reputation as one of the most sought-after destination resorts on Maui. As such, Intrawest Honua Kai Hospitality Management continues to spouse a leadership culture where the guests are the first and foremost priority. And now, the responsibility of spearheading Honua Kai's drive to excellence falls on the newly appointed manager, Claudio Andrade. 

With hotel/resort experience spanning the past 25 years across multiple continents, Mr. Andrade was promoted from Assistant GM to now being at the helm as General Manager. His past work in Hong Kong, Miami, Puerto Rico, and the Hawaiian Islands translates into a well-rounded professional qualified for the lofty position.

For more

Anecdotally, the Maui real estate market has been very active through what is typically the 'slow season' (September/October) in preparation for the upcoming high season. Although the overall sales numbers are lagging behind 2013 YTD, the introduction of the Montage Residences has translated into significant sales in a market very much in need of such. And now with price adjustments and introduction of additional inventory, the Andaz Residences Wailea are seeing more well-deserved activity/interest. 

andaz wailea map

As such, the closing of Andaz Villa F-4 was announced earlier today. The luxury unit offers 2,644 square feet of interior living space and additional 500 square feet of exterior entertainment space (square footage is approximate). The unique value

konea 301

honua kai informationIn a micro-market such as Honua Kai, there are 'specialty' properties which stand as very unique properties - such as being one of the outer perimeter ground-floor 3 bedroom villas (i.e. Konea 151 and 150, Hokulani 101 and 102) or being one of 7 inner courtyard one bedroom units (such as Hokulani 213). Such a distinction also falls on Konea 301, which a special property on its own right.

Honua Kai Redefines Maui Luxury Living

Konea 301 is now offered for sale with an asking price of $2.995M (presented by Maui Resort Realty), offering 1,620 square feet of interior living space and an additional 415 square feet of outdoor entertainment space. What makes Konea 301 so unique is the fact that in all of Honua Kai, only the '01' stack in Konea offers a

The consensus among Maui real estate professionals is that the market is significantly busier than it has been in several years for this time year - which is typically the lull before high season commences in mid December. And in keeping a watchful eye in the Honua Kai condo micro-market, here is our market report for the month of September:

New Listings

In the month of September, 4 units were listed for sale:

Hokulani 223 - Studio with an asking price of $725K. For many potential buyers the 'common' lanai is a concern due to the perceived lack of privacy.

Hokulani 533 - Studio with an asking price of $789K. It came on the market on 09/29 and was immediately put under contract. Studios in upper floors are a much sought-after commodity due to