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The Coconut Chronicles

The MauiRealEstate.com Newsletter

Volume 4, featuring Kihei Condos for Sale and Wailea

Aloha! Welcome to the fourth edition of "The Coconut Chronicles" presented by Billy and Pete Jalbert, Realtors for the Maui Real Estate Team in Paia, Maui. Winter time has arrived in Maui. That means the air feels a little more crisp, Kihei may experience a little rain, and the big surf has returned to the Maui's North Shore.

Speaking of big surf, Billy and I had to take a break today to watch the big surf that hit Maui. Many of you may have heard about our waves on the news. While I am sure the photos were impressive, nothing can match the experience of watching the giant waves at Jaws first hand. It is a pretty amazing sight to watch people surf waves that reached heights of up to fifty feet on their faces. The energy and excitement from the surfers and the power of the ocean is breathtaking.

Winter time also means that we are starting to hit our peak season for visitors. If you are planning a trip to Maui sometime in the next couple of months, let us know when you will be coming to town. We would love to hear from you! Mahalo for taking the time to read this month's newsletter and Mele Kelikimaka and Hauoli Makahiki Hou!

Billy & Pete's Picks: Vacation Rental Condos for Sale in Kihei

Each month The Coconut Chronicles will present some properties that may be intriguing to you. There are literally hundreds of active listings to choose from. Our goal is to provide you with a snapshot of some properties that may be right for you! This month we are focused on condos for sale in Kihei that allow vacation rentals.

Many or most of those who purchase condos on Maui are not year round residents. The average off island condo owner may spend anywhere from a week to a couple of months a year in their Maui condo. Rather than leaving the condo vacant, many owners will use their condo for vacation rental when they are not on Maui. Vacation rentals provide income that can be applied towards mortgage payments and maintenance fees. We frequently get inquiries asking about condos that are cash flow positive. Today, it is increasingly difficult to identify cash flow positive based on a 25% down payment. It often takes a down payment of at least 50% of purchase price to be cash flow positive. In other words, the majority of the current condo purchases on Maui are made as quality of life purchases and /or for anticipated appreciation more than as a means to bolster one's current income.

It is worth noting that not every condo in Kihei allows vacation rentals, and there is considerable variability in demand for the condos that do allow rentals. Rental demand is driven by amenities, location or a combination of both. Two high demand areas in Kihei are the area near the Kamaole Beach parks and Sugar Beach.

Amenities that may make a condo complex more desirable include things like an onsite convenience store, restaurants, putting greens, central A/C and of course standard amenities like a pool and a spa. Central A/C can be a big help with occupancy during the warmer summer months. The following condos are brief sample of the more desirable condos in Kihei due to amenities and location.

Kamaole Sands
This is one of the largest and most popular condo complexes for vacation rentals on the island. There are 440 apartments in this complex spread over ten buildings. There are a variety of floor plans ranging from 1bedroom/2 bath units to a limited number of 3 bedroom/3bath units. The popularity of Kamaole Sands stems from its great location across from the Kamaole Beach Parks and park like grounds. The property is also very well managed as one of the few complexes that has seen maintenance fees go down over the last couple of years.

Maui Banyan
Maui Banyan has a great location across from the Kamaole Beach Parks. Modern construction and well maintained grounds add to the appeal of this complex. The complex has 8 buildings with a total of 256 apartments. Floor plans are mostly 1 bedroom/2bath or 2 bedroom/2 bath with a very limited number of 3 bedroom/ 3bath units.

Kauhale Makai
Used to be something of a sleeper, but it has been recognized due to its tremendous amenities and beachfront location. Amenities include central AC, putting greens, a nice pool and Jacuzzi and recreation areas. The central A/C is a big help with summer occupancy. Strong management adds to this complex's appeal. There are 168 apartments in Kauhale Makai's two 6 story buildings. There are a variety of floor plans ranging from studios to 2bedroom/2bath units.

Sugar Beach
This complex is right on Sugar beach and it has great amenities. The actual beach is a big draw due to its length and conduciveness to long walks and nice sunsets. Amenities include central A/C. A great pool area, tennis courts, a convenience store, restaurant and bar. There are 203 1Bedroom/ 1bathroom units and 12 2Bedroom/2 Bath units located in Sugar Beach's two six story buildings.

While these are some of the most in-demand complexes in Kihei, there are a number of other nice complexes that allow vacation rentals. Contact Billy and Pete today and we will do our best to find a condo in Kihei that best fits your needs!

Walaka Maui
In addition to the vacation rental condos, we wanted to spotlight one condo complex in Kihei that does not allow vacation rentals. The Walaka Maui complex is a new complex in central Kihei that is currently undergoing construction. While the complex will not be complete until fall of 2005, units are now on the market as of the last week of November.

Here is a brief overview of the features of Walaka Maui:

  • Seventeen one bedroom units, one two bedroom penthouse unit
  • Each unit has two baths
  • Square footage of one bedroom is 840 square feet including tiled lanai
  • Each unit has two separate parking stalls with select units having a stall and a garage
  • Air conditioning
  • Granite counters
  • Private tiled lanais
  • Tiled kitchen and bathroom floors
  • 9 foot ceilings
  • Ocean and mountain views
  • Tiled walk-in shower

The units are priced between $349,000-$469,000 for the one bedrooms and $745,000 for the two bedroom penthouse. If you are interested in this property, contact us ASAP. Three of the 17 units have been reserved in the first two days on the market.

Note this was published in December of 2004. Walaka Maui is sold out.

Maui Moments: Life as a Maui Sports Fan

When I lived in Colorado, I was a pretty big sports fan. I was a season ticket holder for the University of Colorado football team, and I made it to my share of Rockies, Avalanche and Nuggets games. I was also known to spend the occasional Sunday afternoon at the local sports bar taking in NFL games. With no professional or collegiate teams based on island, one might think that Maui is something of a sports fan's exile. That could not be further from the truth. Maui hosts a number of sporting events including some that I would never get a chance to see on the Mainland.

I spent a recent Friday night taking in a playoff game in the Hawaii State football championship. This year, Lahainaluna won the Maui County title earning the right to take on Oahu powerhouse Mililani. I made it to the Friday night game shortly after kickoff to find an electric atmosphere at War Memorial Stadium. A couple thousand fans made it from the west side to Wailuku for the big game. They were in for quite a treat. The underdog Lunas upset Mililani in front of the raucous crowd. The game was about as entertaining and exciting as any I have seen at any level. Big hits, trick plays, big plays, huge momentum swings and a down to the wire finish kept the crowd on the edge of their seat. Lahaina and Maui pride swelled when the Lunas ran in a fake field goal to win the game with less than ten seconds to spare.

Maui Hula BowlHigh school football is not the only game in town for fans of the gridiron. NCAA Division I football fans have the chance to watch some of the best senior football players in the country at the Maui Hula Bowl. This annual event held in Maui during January is critical to seniors looking to impress NFL scouts. This year's match up features coaches Mark Richt of Georgia and Mike Belotti of Oregon. The game will be held the 22nd of January at War Memorial Stadium. For tickets and additional information, visit hulabowlmaui.com.

Basketball fans get their fill on island through the EA Sports Maui Invitational held every year at the Lahaina Civic Center. This event draws some of the best NCAA Men's basketball programs in the country. This year's tournament was held the week of Thanksgiving at the Lahaina Civic Center. The University of North Carolina Tar Heels were crowned champions of a field that included other NCAA powers such as Iowa, Texas, Stanford and other great teams. The tournament is growing in stature and number of fans every year.

Fans of professional golf are able to watch one of the most scenic and exciting stops on the PGA tour at the Mercedes Championship held on Kapalua's Plantation course. Held in the first week of January, the course has a spectacular setting with dramatic views of the Pacific, Honolua Bay, Molokai and the west Maui mountains. Recent champions read like a who's who of professional golf including greats like Phil Mickelson, Tiger Woods, Sergio Garcia, Ernie Els, David Duval and more. The Senior Men's PGA holds their Championship skins game at the Wailea Gold Course. Last years event included some of the most legendary names in golf such as Nicklaus, Watson, Palmer and Trevino.

Mercedes Championship held on Kapalua's Plantation course

While Maui hosts a number of mainstream sporting events, there are also a number of events held each year unique to Maui. Maui's wind and waves make it an ideal site for kite boarding, wind surfing and surfing. Kite boarders compete every fall at Ho'okipa Beach park in the Red Bull King of the Air Competition. Your jaw is bound to drop when you watch daring men and women launch 50+ feet in the air pulling off incredible acrobatic feats. Maui has long been the windsurfing capital of the world. This year saw the resumption of the Aloha Classic at Ho'okipa. It is always thrilling to watch the competitors' wave riding and high flying aerials. The women's World Championship Tour of surfing holds its crowning event every year in early December at Honolua Bay. The Billabong Pro features 16 of the top female surfers in the world going head to head at arguably the best wave on Maui. The ladies push the performance level of women's surfing to new highs with each successive year. In addition to these bigger surf events, there are a number of smaller junior events and long board events that allow you to watch great surfing action.

Surfing in MauiThe Nissan Xterra World Championship provides exciting action in the water, on mountain bikes and on foot as contestants take to the area around Wailea for the world championship of off road triathlon. This grueling event features amazingly conditioned athletes on a brutal course. It is hard not to be humbled watching this annual event.

I have found that Maui has plenty to satisfy the appetite of all but the most ravenous sports junky. However, I have also noticed that I am less inclined to turn on the tube for the big game now that I am living in Maui. Maui is the type of place that encourages you to stop watching and start participating. With college football starting at roughly 6:00 AM and pro football starting at 8:00 AM, the opportunity is there to start watching sports from the moment you roll out of bed. Instead, I have found myself far more likely to want to get out and enjoy Maui whether it is surfing or snorkeling or going out for a hike on Haleakala or the West Maui mountains. It is hard to stay a spectator when Maui offers you so many opportunities to play.

 

Next ... Coconut Community Spotlight: Wailea