Overview of The Polo Beach Club
The Polo Beach Club was built in 1981 with a total land area of 2.35 acres. It has 71 units spread over an 8-story condo complex with direct access to Polo Beach. This hidden treasure of Maui is nestled on one end of the stunning Wailea Coastal Walk and is known for its prime beachfront location on breathtaking Polo Beach. Top-notch ocean views are assured from any of these villas due to the buildings well-planned configuration.
All of the units at Polo Beach are 2 bedroom / 2 bath. Owners may have improved their apartments throughout the years, which may have affected the floor layout. Feel free to reach out if you have any questions about a specific unit.
What We Love About Polo Beach Club
Location, location, location. The complex is at the south end of Wailea’s luxury hotels and the north end of Maui’s most expensive real estate in Makena. The ability to hit the beach walk for a sunset cruise, or jump over to a multitude of world-class beaches, dining, and shopping, makes this complex a rare gem on Maui.
What We Could Do Without
The architecture and amenities leave something to be desired at Polo Beach, but the building configuration and natural resources around it more than makeup for those shortcomings. The fact that each unit has an ocean view was very well thought out in the initial planning phase.
- BBQ Area
- Swimming Pool
- Beach Access
- On-site Security
Some of the most well-known Maui golf courses are only around the corner. If shopping is your favorite pastime, The Shops at Wailea offers extensive options. Not to mention the proximity to some of the world’s most magnificent beaches (Big Beach, Little Beach, and Keawakapu Beach).
The Polo Beach Club Sales Statistics
Please feel free to reach out directly for active listings, pending sales, specific sales data, or current price opinions.
The report below is real-time data sourced from the Realtors Association of Maui. The statistics include the Polo Beach Club’s average sales price and average price per square foot. These graphs will update automatically with the most recent data.
For up-to-date information on Homeowner Association (HOA) fees and related matters, don’t hesitate to reach out via call or email. (This information is prone to regular updates and changes.)
Short Term Vacation Rental
Maui vacation rental demand has consistently performed well throughout the years due to the desirability of being in a tropical setting yet still within the United States. During the peak winter season, Maui’s population can shift from the baseline resident population of 165K or so to over 300K people.
Historically, the typical vacation rental condo averages 75-80% occupancy; we have some clients and property managers that consistently keep their units 90%+ booked. High-end units may see lower occupancy than mid to low-end vacation rental units.
As a guide for our clients, we apply the 10% rule to help them identify properties with a gross annual income of 10%+ than their acquisition cost. An example would be a $1M property grossing $100k or more yearly. The net income to the seller would be based on how they operate the unit and the work they’re willing to put in. Self-managed units net the highest income but also require the most work. Front desk management usually has the lowest income but less involvement and flexibility. Independent property managers are often the happy medium between excellent service and solid revenue. Please reach out if you’d like a proforma or rental projection for a particular unit. We’d love to help.
Long-term rentals are considered six months or longer here in Maui. You avoid some operations costs such as cleaning, higher management fees, and higher tax rates; however, you are likely to get more income running your unit as a short-term vacation rental. Long-term rentals also offer you less flexibility for owner stays.
If your goal is not to maximize your ROI and simply use the unit as you please, you can do so. You would pay the highest and best use for real property tax, but you would not be subject to the TAT and GET taxes (see below) associated with income-producing short-term units.
If Maui is where you want to call home, the owner-occupant is the one for you. If you spend 270 days out of the year on Maui and your unit is your primary residence, then you can apply for the Owner Occupant exemption (frequently asked questions).
The zoning for The Polo Beach Club is H-M Hotel. As per Maui County Rules, short-term rentals are allowed.
Taxes to consider when owning at The Polo Beach Club:
- Transient Accommodations Tax
- General Excise Tax
- Real Property Tax This rate will change depending on your use. You may fall under short-term vacation rental, long-term rental, or base zoning if your unit is an empty second home or owner-occupied. Resident owner occupants that spend 270 days or more here a year also
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Tim Stice | 808.268.8511 | firstname.lastname@example.org