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Maui

Mahana One-Bedroom Condo For Sale in Kaanapali, Maui – 5 Value Propositions

The Mahana Unit#608 located at 110 Kaanapali Shores Place  is a one-bedroom condo for sale in north Ka’anapali exemplifying the very best of Maui lifestyle, convenience, and tremendous value. Recently, I have been enjoying this view from our new listing, which sits directly on the white sandy shores of Ka’anapali North Beach. I have been and will continue to be sitting frequent open houses at this location during this Holiday season.

Mahana#608 Video Experience

I want to share with you the 5 value propositions of this particular unit that is perfect as a part time or vacation home that can either be locked up or used to derive rental income through the in-house Aston rental program, or another of your personal choice.

5 Value Propositions

1. Direct Beachfront Location: Residences at the Mahana offer a unique value proposition in that all 209 homes offer direct beachfront living. We are not making any more beachfront here on Maui. Beachfront real estate is a very rare commodity here and an important note is that if they were to rebuild the Mahana right now, there is no way it could be this close to the water.

New developments, like Honua Kai, have substantial setbacks from the ocean and the beach. There is no way that the price/sq.ft. of cost reproduction could be done at even close to these prices. The rarity of this important factor of value is a vital consideration for future price appreciation.

2. Unobstructed Ocean and Outer Island Views: View plays a huge factor of value in Maui real estate values, and with these unobstructed views, this unit will be enjoyed by owners, family/guests of owners, and vacation renters for many years to come.

3. Historical Values: The numbers really speak for themselves as to why Mahana #608 is a tremendous value at $689,000. Peak values for one-bedroom units at the Mahana were at $1,100,000 as recently as 2008. Mahana #608 is positioned $40,000 less than the last one-bedroom sale in the complex earlier this year.

Will it be a while before we reach values seen in 2006? Yes, of course it will, but there is no question that this particular unit has the right mix of high-quality ingredients to make a $1 million dollar cake again someday. Ask yourself this, where will the values be in 10 years from now?

4. Rated “A” by the Aston Program: Mahana #608 is rated as the top tier vacation rental by the in-house Aston program. Vacation rental occupancy rates average around 75% for the year. After the Aston takes their percentage and all costs are paid—property taxes, maintenance fees, and utility costs—the Mahana #608 averages about $1,500-$2,000 per month in net income (assuming that there is no mortgage).

At the current listing price, this represents a 2.6%-3.5% return on cash—certainly better than any U.S. cd will get you, plus you have a place to stay in Maui and build equity in your future and your generations to come. (Exact historical rental income to be provided upon request.)

5. Financially Sound Condominium Complex: The board at the Mahana prides itself on responsibly operating and running the complex. There are healthy financial reserves, the building is in excellent condition and very attractive physical condition, and the grounds are well groomed and beautiful.

Amenities at the Mahana include:

  • Tennis courts
  • Pool
  • Spa
  • BBQ area
  • Oceanfront shuffleboard

It’s time to leave your slippahs on Ka’anpali North Beach, let the silky Maui sand run through your toes, and plant your roots at the Mahana. This is the Mahana life, the Maui life, the Hawaii life.

Please let me know how I can be of service to you in any way.

Aloha,

Jeremy Stice, R(S)
Hawaii Life Real Estate Brokers
808.281.2178
Stice@HawaiiLife.com

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Alex C.

December 3, 2011

Kudos, well written post, Jeremy. With high season coming, it’s just a matter of time before your listing is sold. Best of luck.

Alex C.

December 3, 2011

Kudos, well written post, Jeremy. With high season coming, it’s just a matter of time before your listing is sold. Best of luck.

Jeremy Stice

December 3, 2011

@ Alex

Mahalo for the kind words, I’m glad you liked the post. Things are heating up on this property and I am optimistic that we will have it under contract here shortly.

Jeremy Stice

December 3, 2011

@ Alex

Mahalo for the kind words, I’m glad you liked the post. Things are heating up on this property and I am optimistic that we will have it under contract here shortly.

Garry Wolf

December 31, 2011

I am looking for this type of unit.

Unit 904 at Maui Kai is listed at $450,000.00. Mahana is a little nicer, and has lower m/f, but $239,000.00 nicer? I don’t see that. The market will tell us, though.

Your presentation is excellent.

Garry Wolf

December 31, 2011

I am looking for this type of unit.

Unit 904 at Maui Kai is listed at $450,000.00. Mahana is a little nicer, and has lower m/f, but $239,000.00 nicer? I don’t see that. The market will tell us, though.

Your presentation is excellent.

Jeremy Stice

January 2, 2012

Aloha Garry,

Mahalo for your input and kind words- I greatly appreciate it.

I am familiar with Unit #904 at the Maui Kai at $450k- I too feel that this is a strong value and I also agree that the Mahana is a step up from the Maui Kai. I think that the market activity on unit #608 at the Mahana demonstrated the value for this unit- we received 3 offers on the property in a 2 week period. We have the unit in contract with an all cash buyer who I feel very confident will close on this transaction. Furthermore, there has been increased activity at the Mahana where there are two other pending sales- Unit #1005 is a one bedroom/2 bath currently pending at $899,000 and unit #1018 pending at $789,000. It will be interesting to see what both of these properties close at- the good sign is that we are seeing increased liquidity in the market which is certainly needed at the Mahana where there is a substantial amount of stagnant inventory actively for sale.

I will be sending you a private email with more detailed analysis and some of my personal recommendations on where to focus your energy. In the event that you do not receive my email- please feel free to reach out to me at Stice@HawaiiLife.com as we do occasionally encounter email issues with our email server being blocked or marked as “SPAM.”

Aloha and Happy New Year Garry!

Jeremy Stice

January 2, 2012

Aloha Garry,

Mahalo for your input and kind words- I greatly appreciate it.

I am familiar with Unit #904 at the Maui Kai at $450k- I too feel that this is a strong value and I also agree that the Mahana is a step up from the Maui Kai. I think that the market activity on unit #608 at the Mahana demonstrated the value for this unit- we received 3 offers on the property in a 2 week period. We have the unit in contract with an all cash buyer who I feel very confident will close on this transaction. Furthermore, there has been increased activity at the Mahana where there are two other pending sales- Unit #1005 is a one bedroom/2 bath currently pending at $899,000 and unit #1018 pending at $789,000. It will be interesting to see what both of these properties close at- the good sign is that we are seeing increased liquidity in the market which is certainly needed at the Mahana where there is a substantial amount of stagnant inventory actively for sale.

I will be sending you a private email with more detailed analysis and some of my personal recommendations on where to focus your energy. In the event that you do not receive my email- please feel free to reach out to me at Stice@HawaiiLife.com as we do occasionally encounter email issues with our email server being blocked or marked as “SPAM.”

Aloha and Happy New Year Garry!

Jay T.

January 15, 2012

Hi Jeremy. We’re planning on visiting at the Mahana during the third week of August. Can you send me a list of inventory at the Mahana and nearby of the condos for sale? Thanks.

Jay

Jeremy Stice

January 15, 2012

Aloha JT,

Glad to hear that you will be making a trip to the Mahana this summer- I feel confident that you will really enjoy your experience. We are thinking about heading down to Ka’anapali North Beach today to enjoy a little sun in between the football games.

I will be sending you an email with information on your request, in the event that you don’t receive it please check your SPAM box and if you still don’t have it, please send me an email at Stice@HawaiiLife.com as we occasionally experience issues with SPAM filters and other issues that may prevent you from receiving my email.

Mahalo!

Jay T.

January 15, 2012

Hi Jeremy. We’re planning on visiting at the Mahana during the third week of August. Can you send me a list of inventory at the Mahana and nearby of the condos for sale? Thanks.

Jay

Jeremy Stice

January 15, 2012

Aloha JT,

Glad to hear that you will be making a trip to the Mahana this summer- I feel confident that you will really enjoy your experience. We are thinking about heading down to Ka’anapali North Beach today to enjoy a little sun in between the football games.

I will be sending you an email with information on your request, in the event that you don’t receive it please check your SPAM box and if you still don’t have it, please send me an email at Stice@HawaiiLife.com as we occasionally experience issues with SPAM filters and other issues that may prevent you from receiving my email.

Mahalo!

Katie

January 21, 2013

Will be visiting the Aston Mahana for the first time this week. Would like to know what is available for sale there and nearby for $500K. Thanks,
Katie

Katie

January 21, 2013

Will be visiting the Aston Mahana for the first time this week. Would like to know what is available for sale there and nearby for $500K. Thanks,
Katie

Jeremy Stice

February 8, 2013

Aloha Katie,

Thank you for reaching out to me. I will shoot a private email right now so that we can start the conversation.

Jeremy Stice

February 8, 2013

Aloha Katie,

Thank you for reaching out to me. I will shoot a private email right now so that we can start the conversation.

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