Maui Real Estate Blog
1031 of the Week-Sugar Beach Condo
As with last week’s 1031 of the week, we are profiling a vacation rental property. Sugar Beach is one of the more popular vacation rental condos in Kihei. This complex boasts a great location and first class amenities. Step from the beautiful grounds of the resort on to Maui’s best walking beach. Residents and visitors enjoy being able to stroll all the way to Ma’alaea and back taking in the beautiful ocean views and winter whales. Sugar Beach Resort amenities include a pool, spa, tennis court, putting green, and convenience store. It is this combination of location and amenities that makes this complex so desirable for vacation renters.
As with most vacation rental condos on Maui, it is difficult to cash flow condos at Sugar Beach without a significant down payment. However, a new listing came on the market today in Sugar Cove with the lowest price we have seen in this complex since 2004. This new listing allows you the opportunity to purchase into one of Maui’s more popular vacation rentals at a price well below recent comps. This unit is listed through Equity One for $495,000. This condo sold! Contact The Maui Real Estate Team for assistance finding properties to complete a 1031 exchange.