Hawaii Life Real Estate Brokers » Kihei

Kihei Bay Vista Condo Offers Ocean Views from Every Room

Heidi Farmer, R(S) — Thu, 26 Jan 2012 01:45:59 +0000

One-of-a-Kind Ocean View Unit (D-212) at the Kihei Bay Vista

Pictures just do not capture the full effect of the views from this picturesque one bedroom unit (MLS# 350827). If an ocean view is at the top of your list, then this unit is a must see. It has ocean views from every room!

Kihei Bay Vista

The Kihei Bay Vista is a small, quiet complex in Kihei. It has only 60 units and many people are not even aware of it. There are many repeat visitors to this complex; this may be because it is such a nicely kept property that it is just North of the hustle and bustle of Central Kihei, but still near many great beaches.

Kihei Bay Vista is right across the street from Kalepolepo Beach. The National Humpback Whale Sanctuary complex is in the immediate area, which offers many educational programs as well as just general information on humpback whales.

Kihei Bay Vista is comprised of four buildings that are all two stories. There are only four end units that offer extra windows - they are nearest to the ocean by the road. Two are in A building and two in D building. The A building end units have their views partially blocked by trees, but they do offer views from the lanais.

D Building Provides Privacy + Views

The “D” building has a green belt area behind it, which is much quieter because you do not hear late night voices and the slamming car doors from the parking lot. Also, the D building has no trees blocking the view. That leads us to the rare unit that is upstairs on the end, D-212, that is the only unit to offer the one-of-a-kind views from the entire complex.

The value this unit offers is also unique. Since it is the only unit the the entire complex with the elevated unobstructed view from every room, it is priced higher than some of the other units in the complex that have garden views, or a partial ocean view, but it is priced lower than many comparable units in other complexes with similar views. So, if you are looking for a true ocean view in a fee simple complex that allows short term (vacation) rentals, this is a great value.

If view and location are important to you, you must find the time to schedule an appointment to view this unit. The pictures just do not capture the full effect of the view.

Kalepolepo Beach

November Sales Summary For Maui Homes and Condos

Loren E. Clive, R(B) — Sun, 04 Dec 2011 01:00:49 +0000

Standout Statistics For Homes

Distressed sales, including short sales and REOs (bank-owned foreclosures), now comprise 44% of the home market; even more than I thought!
Median home price is down to $445K.
Inventory levels continue to decline. This metric indicates an improving market according to the laws of supply and demand. There is currently a 10 month supply of homes on the market, down from 16 months (respectively) in October.
Average days on market hover near five months. We at Hawaii Life do better. My aim with each property I list is to have it in escrow in the first 30 days.
In South Maui, Kihei experienced a slight uptick in median price, Maui Meadows almost doubled and Wailea’s median price fell dramatically from $2.4M to $1M.
Home sales are up 10% by volume with average sales price flat from a year ago; median prices are down 5%.
Central Kahului/Wailuku continues to dominate home sales volume with nearly 1/4 of the market by units sold, and Kihei running second at 17%.

Standout Statistics For Condos

Distressed sales, including short sales and REOs (bank-owned foreclosures), now comprise 33% of the condo market.
Median condo price is down to $216K.
Inventory levels continue to decline. This metric indicates an improving market according to the laws of supply and demand. There is currently a 15 month supply of condos on the market, down from 19 months (respectively) in October.
Average days on market hover near five months.
Condo sales remain the same by volume, but average sales price is down by almost 25%. Vacation rental shoppers (pay attention!), now is your opportunity to purchase that second home at a deep discount.
Kihei tops the condo market with some 37% of volume by unit island-wide. Other top condo sales locations include:
- Napili/Kahana/Honokowai at 20%
- Kaanapali at 11%
- Central at 11%
- Wailea at 9%
- Maalaea at 4%
- Kapalua at 2%
- Full report from RAM

Questions on how the market affects the sale or purchase of a home on Maui? Contact me for a complimentary comparative market analysis that shows what homes are selling for in your area of interest.

Top 6 Kihei Ocean View 2-Bedroom Condo Deals Under $500,000

Kevin Spaise, RS — Sat, 03 Dec 2011 23:45:12 +0000

For a lot of buyers, it makes no sense to buy a Maui condo without an ocean view. It makes equal sense, for those with large visiting family or with plans to retire on Maui later, to buy a 2-bedroom unit rather than a less practical 1-bedroom.

These condos represent the best of both worlds for under $500K. The video showcases:

A $269K short sale (MLS# 347819) near Kamaole I Beach and The Cove.
A $395K Central Kihei oceanfront condo (MLS# 349985) with a lawn that meanders to the ocean.
A $415K top floor unit at Haleakala Shores (MLS# 350024) across from Kamaole III Beach.
A $449K unit at Maui Vista (MLS# 350215) across from Kamaole I and Charlie Young Beach—top floor, never rented.
A $449K sixth floor condo (MLS# 339654) at Menehune Shores with direct oceanfront views.
A $495K condo at the Kihei Alii Kai (MLS# 349915) with one of the most over-the-top remodels.

Kevin Spaise is the author of The Maui Condo Book, the reference directory used my Maui Realtors, Brokers, Title and Escrow companies, and investors. He specializes in representing Maui condo buyers.

Investment Opportunity – Two Kihei Homes With Great Cash Flow On Large Lot

Kevin Spaise, RS — Tue, 29 Nov 2011 02:45:57 +0000

This property features two homes that are currently configured as four rentals on a 10,000+ square foot flag lot in Kihei (MLS# 350214), close to beaches and all South Kihei conveniences. It is listed at $439,000.

It is currently rented and has been consistently rented for the past six years with two very long-term tenants, and two others that would also like to stay. The property generates more than $4,000 per month. Both properties are in good rental condition. Both are larger than public records indicate.

House #1

The yellow house is configured as a main 3-bedroom/1-bathroom home with an adjoining mother-in-law studio and a private exterior entrance.

House #2

The blue home has separate down and upstairs entrances. Downstairs, there is a 2-bedroom/1-bathroom unit and upstairs a 1-bedroom unit with an expansive deck.

Kevin Spaise is on top of the deals in Kihei. This property is tenant occupied, but fairly easy to show: call 808.344.0624 for a showing schedule.

Related posts:
Short Sale Investment Opportunity in Kahului, Maui – Cash Flow Dream
South Kihei Income Property – Two Homes on Large Lot For $519,000
Kihei Foreclosures Top List of 5 Great Maui Condo Deals

New 2-Bedroom Condo Listing at Maui Vista with Ocean View

Kevin Spaise, RS — Fri, 25 Nov 2011 23:15:16 +0000

The whales are here—at least that’s what my friends at the Pacific Whale Foundation tell me, although I’ve yet to see my first “poof.” In the next few weeks, these spectacular creatures will be leaping all over the place, putting on a show for the Kihei shoreline.

This 2-bedroom, 2-bathroom condominium (MLS# 350215) at the beautifully maintained Maui Vista—directly across the street from Kamaole I and Charlie Young beaches—features a clear view plane of Maui’s ultimate stage. It’s one of the few South Kihei condos with a dramatic ocean view listed at under $500,000. For a better look, see the YouTube video below.

Maui Vista

There have been a spate of new listings at the Maui Vista lately, including a 2-bedroom short sale (MLS# 350245) listed at $299,000. It’s located in the building closest to Kihei Road.

Maui Vista is a popular vacation rental property, known for exceptional value and its excellent location near two of Kihei’s “postcard beaches.” It features three pools, tennis courts, and gas grills.

Kevin Spaise is the publisher of The Maui Condo Book, the reference guide used by Maui’s Brokers, Realtors, and title/escrow companies. He is a condo specialist for Hawaii Life, and can advise and represent you in your condo purchase or listing. He uploads weekly videos on YouTube.

Related posts:
Kihei Bay Vista Condo Offers Ocean Views from Every Room
Top 6 Kihei Ocean View 2-Bedroom Condo Deals Under $500,000
Deal – $875K Ocean View Maui Meadows Short Sale

Kihei Condo Listings for the Week of November 11

Kevin Spaise, RS — Tue, 15 Nov 2011 00:15:12 +0000

New Kihei condo listings for the week included a short sale in upscale Maui Meadows at just under $1M and an entry level Kihei condo near Kamaole I Beach at $150,000. There were also two new listings at Kamaole Sands and a spectacular ocean view 2-bedroom at Menehune Shores.

Kevin Spaise is the author of The Maui Condo Book and a specialist in Maui condominiums.

Related posts:
Kihei Condo Report For the Week of Oct. 20, 2011
Kihei, Maui Foreclosures For The Week of November 21
New Kihei Condo Escrows For the Week of Oct. 21

Maui Meadows Sales Statistics and Homes For Sale

Ken Molina, RS — Mon, 14 Nov 2011 01:45:59 +0000

Is Maui Meadows becoming the hipper Wailea…or maybe people are tired of the association and fees? Whatever the reason, sales of million dollar plus homes have increased dramatically. First, consider what is currently in escrow. There are 3 listings in escrow priced at $1,495,000, $2,588,000, and $2,688,000. Not bad for being located in an “eclectic” area as some say.

Sales have included:

1/11: $1,125,000

4/11: $2,350,000

6/11: $1,383,250

8/11: $1,525,000

8/11: $1,283,000

Upon closing of the above pending escrows, the average sales price in the neighborhood will increase substantially. There are currently upwards of 15 listings in the $1 million plus price range. I’m mentioning a few here.

1. 737 Mililani Place (MLS# 348752), listed at $1,013,250, has 3 bedrooms and 2 bathrooms in 2,816 square feet. Hawaii Life gives this property a value score of 100, meaning it is an excellent value.

737 Mililani Place

2. 3200 Akala Drive (MLS# 349972), listed at $1,895,000, has 5 bedrooms and 4 bathrooms in 2,435 square feet. It also has an ohana, lush landscaping, and a pool. We give it a value score of 81, meaning that it may be priced a little high.

3200 Akala Drive

3. 3279 Keha Drive (MLS# 341690), listed at $2,849,000, has 4 bedrooms, 4.5 bathrooms, and a 1/1 ohana. It has amazing views from this newly constructed pole house with a pool. We give it a value score of 90. Not bad, it may be a tad too high in price.

3279 Keha Drive

The common denominator in these listings is luxury without the fuss or pretense. I’d like to clarify one thing though, Maui Meadows is not a community only of million dollar homes. Prices has been as low as $500,000. For me, as a homeowner in the area, it reinforces the fact that some neighborhoods are very desirable and when your high-end homes are selling in a neighborhood of mixed values, it is a pretty stable place to live in.

Contact me to talk about owning your piece of Maui Meadows today!

Related posts:
4 Good Value Maui Meadows Homes For Sale – Update on Maui Meadows Homes
4 Favorite Maui Meadows Homes for Sale – An Affordable Alternative to Wailea
South Maui Real Estate Statistics – Luxury Sales Increase Big Time

Latest Kihei REO Home Listings

Dano Sayles, RB — Fri, 11 Nov 2011 23:00:02 +0000

Here’s a quick look at some of the newest Kihei homes on the market that are bank owned:

Kamali’i Alayna home for $379,900

1. 111 Waiapo Place (MLS# 350096) in the Kamali’i Alayna subdivision has been on the market for 2 days and has a Hawaii Life Value Score of 79. It has 3 bedrooms, 2 bathrooms, and 1,332 sq.ft. of living area.

Meadowlands home for $479,900

2. 18 Laumakani Loop (MLS# 350079) is a new listing in the Meadowlands, it has a Hawaii Life Value Score of 93 and has been on the market for 7 days. It has 5 bedrooms, 3 bathrooms, and 1,930 sq.ft. of living area.

Ka Ono Ulu Estates for $389,900

3. 140 Makalauna Street (MLS# 350012) is a 3 bedroom home in Ka Ono Ulu Estates. It has a Hawaii Life Value Score of 90 and has been on the market for 8 days.

Affordable Kihei home for $209,900

4. 145 Ohukai Road (MLS# 350077) is a 3 bedroom house with 1,136 sq.ft. of living area priced well below the average for the area.

Across the street from the ocean for $675,000

5. 1463 Halama street (MLS# 349842) is located across the street from the ocean in a very popular South Kihei area. This property has a Hawaii Life Value Score of a perfect 100! The 3 bedroom house is small and older, but you get 14,547 sq.ft. of land in a great location.

Take a look at my previous blog and learn how to succeed at buying a Maui REO property.

Dano Sayles has 27 years of full-time experience as a Maui REALTOR and specializes in the Wailea, Maui Meadows, and Kihei areas of South Maui. He is the exclusive broker for all new Ho’olei condos in Wailea and is distinguished for his record sales in Wailea Golf Vistas and Halama Street.

Dano Sayles, REALTOR Broker
Hawaii Life Real Estate Brokers
Cell: 808.870.4899
Dano@HawaiiLife.com

Related posts:
Latest Kihei Condo Foreclosures and Short Sales
$419K Turn-Key Entry Level Kihei Home – Stice Team Exclusive
Well Priced Maui Condo Listings Selling Fast in Kihei

Kihei Foreclosures and Short Sales for the Week of Nov. 10, 2011

Kevin Spaise, RS — Fri, 11 Nov 2011 18:41:06 +0000

The big news in this week’s Kihei foreclosures and short sale listings is a rare high-end home in Maui Meadows, the upscale hillside enclave that overlooks Wailea and southernmost Kihei. It’s a 4-bedroom, 3-bathroom home (MLS# 350107) on a large lot with mature landscaping and ocean views, finished with elegant wood accents. It’s listed at $995,760.

Kevin Spaise is a Kihei condo expert and the author of The Maui Condo Book, the reference directory used by brokers, title, and escrow companies, appraisers, and inspectors.

Related posts:
Latest Kihei Condo Foreclosures and Short Sales
Kihei Condo Sales For the Week of October 20, 2011
NEW Kihei Foreclosures and Short Sales

How to Succeed at Buying a Maui REO Property

Dano Sayles, RB — Fri, 11 Nov 2011 02:13:48 +0000

So far in 2011, there have been 235 bank owned homes sales on Maui and surprisingly 6 of these have been sales over $1M! It doesn’t matter whether it’s a screaming deal or your dream home, the challenge with REO property in Hawaii is that the best ones sell fast. Really fast. In fact, for Maui REO home sales this year over 37% went under contract in 20 days or less!

More than a third of Maui bank owned homes go under contract in less than 20 days

The current average of 67 days to contract for REO property on Maui is far below the average for the rest of the home market, which is 127 days to contract. With all the competition for foreclosed homes on Maui, how can you get an edge and buy the property you really want? We recently sold the most expensive REO home on Maui and it serves as a good example for how to succeed.

How to Succeed at Buying a Bank Owned Property

When a bank owned oceanfront home on Halama Street came on the market, we could see this particular REO home for sale would sell fast. There’s bound to be a lot of interest in any well-priced bank owned home, even more so when it’s a 3 bedroom house with an in-ground pool that’s directly fronting the ocean in Kihei.

We acted fast and immediately contacted a client who loves Halama street properties and set to work on preparing a competitive offer that would position our buyer to be the successful new owner. After only 16 days on the market (the bank only considers offers after the 13th day) we put this bank owned property under contract. We completed the sale in another 19 days and the house sold on September 27, 2011 for $3,020,000.

This sale shows that you can have great success when you have an agent that closely monitors the Maui market and takes quick action to prepare a strong offer that the banks will want to accept.

Of course, creating a Hawaii Life account and saving searches to receive email alerts is a smart way to get started, but remember that all your buyer competition is doing the same thing. You will gain a better advantage when you build a relationship with a Realtor who closely watches the market and will personally bring new properties to your attention and help you craft your competitive offer. View the latest Kihei REO home listings.

Are you ready to build a relationship and get an edge?

Dano Sayles has 27 years of full-time experience as a Maui REALTOR and specializes in the Wailea, Maui Meadows, and Kihei areas of South Maui. He is the exclusive broker for all new Ho’olei condos in Wailea and is distinguished for his record sales in Wailea Golf Vistas and Halama Street.

Dano Sayles, REALTOR Broker
Hawaii Life Real Estate Brokers
Cell: 808.870.4899
Dano@HawaiiLife.com

Related posts:
November Sales Summary For Maui Homes and Condos
Hawaii Home Foreclosures – REO Buying Tips Part 2
Honua Kai-Hoku Lani – Maui Condo Property Pick of the Year