Joe’s Place in Hana, Maui is a legally transferrable TVR. Contrary to current laws, it is possible to buy this property and keep the ability to have short-term rentals.
4870 Uakea Rd, Hana, Maui (MLS# 367008)
There is a long and interesting history behind the laws regarding short-term rentals, and if you have looked into this as a business, you know that there is an arduous amount of steps and paperwork to get to the point of being able to rent on a short-term basis. There is also a bit of uncertainty given the fact that your neighbors have a say in the matter as well, which is just plain scary when looking at a purchase of this denomination. (Please keep in mind that each county in Hawaii has different laws in place regarding vacation rentals). But here in Maui, this is the case.
Because Joe’s Place has been in business for decades, this property is grandfathered in and the use can be transferred to a new owner. The only caveat is that the use remain current, keeps on vacation renting. You can take some time to renovate as long as the use in not interrupted more than 12 months.
Joe’s Place has been brought down three generations. With 8 bedrooms and being steps to Hana Bay, it is a great spot for a weary Hana Road traveller to take respite.
If you would like more information about this property, or would like to learn more about short-term vacation rentals on Maui, please contact me.