There is a new listing in Haiku that just came on the market that can be traced back to Maui County’s ramped up enforcement of illegal vacation rentals. At the time that the county announced that they would start enforcing the vacation rental policies, we wondered if we might see some fall out. There are some property owners on the island who depend on vacation rental income to help pay their mortgage. The owners live on the property and rent studios or ohanas. This property was previously run as a non permitted bed and breakfast. It has since been shut down by the county and the owner is in a position where they would like to sell. This home has eight bedrooms and five baths as well as a separate studio. The home is situated on just over two beautiful acres filled with tropical flowers, fruit trees and a running brook. This home could be ideal for an extended family, or someone who might want to do some long term rentals. This property is listed through Coldwell Banker Island Properties. The Jalbert brothers may represent you as buyer’s agents.
We will continue to monitor the market and give updates on additional properties that are coming on the market as a result of the new vacation rental enforcement procedures.
