The Kihei condo market continues to be one of the most interesting in Maui and within it, there are a multiple anomalies, one is Kihei Akahi, which has proven to be one of the strongest micro-markets in Kihei real estate. Let's take a look at how Kihei Akahi is doing currently.
Currently there are five listings on the market, all of which are in D building:
D-315 - Very desirable two-bedroom corner unit. Upgraded condition, outstanding view corridors, offered for $655K. D-314 - One bedroom unit. Big ocean views, list price $479K. D-613 - Penthouse level one bedroom unit with panoramic view corridors, list price $489K. D-609 - Another penthouse level one bedroom unit. Clean condition, big views, with a list price of $525K D-402 - Two…
Question: I'm interested in buying a condo in Kihei but looking for either USDA or FHA financing because of the lower down payment, but I don't have see a lot of options. Is Kihei Villages approved?
Answer: Perfect timing. Kihei Villages was recently approved for FHA Financing, effective as of September 11, 2018. Backed by the Federal Housing Administration, the FHA loan program is a popular one, particularly among first-time home buyers. This is great news for both Buyers, as now this property is an option in a Kihei condo market that lacks other FHA options, and for Sellers, who now theoretically have a larger pool of prospective purchasers. The only other condo in Kihei currently approved, as per the HUD website, is the Island Surf building but that is…
As the summer comes to an end, let's take a look at the state of the market at one of our favorite properties, Honua Kai.
The month of August saw two new listings come on the market:
Konea 638 - This one bedroom / one bathroom is on the northern outside perimeter of the Konea tower. With a 6th floor location, there is enough elevation to guaranteed privacy and ocean view corridors, while being near the wing elevator provides convenience in accessing the ground-level amenities. Priced at $990K, we'll see whether the market brings enough demand for absorption at or near the asking price.
Hokulani 403 - A three bedroom / three bathroom interior courtyard residence priced at $3.2M. North-facing, view corridors are framed by the resort pools,…
With miles of some of the most beautiful beaches in the world, the Kihei coastline is home to some of the best oceanfront / beachfront Maui real estate. On today's post, we'd like to discuss the Luana Kai condo market. Located in North Kihei, Luana Kai has convenient access to the rest of Kihei while having a comfortable commute to West Maui and Central, with all the amenities waiting therein. Onsite, guests, residents and owners enjoy access to the pool and cabana area, one of Kihei's best, as well as easy access to the public tennis courts directly out front. The property is fronted by a large area of conservation land owned by the County, which in essence acts as a buffer between the property and the beach - the added benefit of not being directly…
Few neighborhoods in Hawaii can inspire the level of enthusiasm the way that Moana Estates does in Kihei. The subdivision consists of 90 executive-style homes, strategically located within the area to maximize privacy and views, while instilling a sense of community and neighborly Aloha. Located adjacent to the award-winning Kamalii Elementary School, children enjoy access to one of the highest-rated schools in all Hawaii, while the hilltop location ensures continuing view corridors. Conveniently located within walking distance to Kamaole Beach I, II, and III, restaurants and shops, yet separated enough to feel private and secluded. Nearby access to Piilani Highway ensures quick ingress to the Wailea resort community, with all the top restaurants, spas,…
Another month is in the books and Honua Kai continues its micro-market dominance as one of the hottest in all of Hawaii. So with that, let's take a look at the month of July in Honua Kai real estate.
The following are listings added to the market in the month July:
Hokulani 244 - Inventory of one bedroom units with partial ocean views is minimal, at best. This unit is on the 2nd floor of Hokulani, outer perimeter on the north side of the building, facing the Konea tower and the Luana Garden Villas enclave. Priced at $959K, it will be interesting to see whether the market will bear a price within that range. The last true 1 bedroom to sell over $900K was Hokulani 438 which sold a few months ago for $919,900 - arguably better views from its…
Today's question comes from a buyer interested in Launiupoko real estate.
Question: We're interested in buying a house in Launiupoko, but we're concerned that it may be too far removed from the rest of the island and may be a more complacent lifestyle. What can you tell us about the area?
Answer: Great question. To start, we're a bit biased about Launiupoko as it is one of our favorite areas in all of Hawaii, but we'll answer objectively. The Launiupoko area has a strong reputation as having some of the finest, plantation-style luxury homes on Maui, with expansive ocean view corridors and a degree of privacy rarely found. So although it may appeal to those who want to quietly enjoy their property perched on the hillside overlooking the Pacific, it also has…
Today's question comes from a buyer interested in Honua Kai Luana Garden Villas.
Question: We are interested in Luana Garden Villas. As we would be financing the purchase, do you have a lender that you would recommend?
Answer: Great question. When buying brand new construction, it is important to work with a lender knowledgeable about the property in question and who has loan products available for the purchase. Below we detail lenders, in no particular order, who are able to finance your purchase of a luxury villa at Luana Garden.
First Hawaiian Bank Rick Smith, firstname.lastname@example.org
Central Pacific Bank Spencer Lee, email@example.com
Wells Fargo Bank Jon Levin, firstname.lastname@example.org
To those fortunate who have visited Montage Residences Kapalua Bay, it is no surprise this Kapalua luxury property was honored as the top resort hotel in Hawaii by Travel & Leisure. The world renowned publication conducts an annual survey of its readers, with hotels being rated based on quality of accommodations, level of service, dining, and overall value proposition to guests.
Breathtaking view of Montage Kapalua Bay
A large reason for the Montage's success is its low density - sitting atop 24 of the most valued acres of Kapalua real estate, the Montage consists of merely 50 luxury units, which are rented in various configurations including up to large 4 bedroom condos, bringing the privacy and space of a home, with the convenience of 5 star resort…
With expertise in the Wailea real estate, our team keeps a close eye on the market at the micro granular level, for each condominium and subdivision in the Wailea and Makena area. As such, let's take time to review how the Hoolei condo market is doing through the first half of the year.
To start, let's look at active inventory.
Hoolei T-2 - Located on the row closest to Wailea Alanui Dr., units in buildings S and T are generally the lowest priced at Hoolei due to being exposed to more road noise and having less elevation (lesser ocean view corridors). This Maile floor plan is spacious, with over 2,400 square feet. Priced at $2.1M, it is slightly above comparable recent sales in building T and S, we'll see if there's enough in the market to bear…