Category: 1031 of the week
This week’s 1031 property of the week is located in the always popular Kamaole Sands Condominiums in Kihei. This complex has a loyal following due to its beautiful grounds and great location across from the popular Kamaole Beach Parks. This one bedroom, two bath condo is located in the desirable “inner circle”. The inner circle consists of the buildings in the complex that face towards the interior courtyard. The area is valued for its lush grounds and access to pools and other amenities. Units in the inner circle tend to be more desired by vacation renters. This condo is listed through Simon Properties for $455,000. The Jalbert brothers may represent you as buyer’s agents. Compare to recent comparable sales in this building and this listing stands out.
This listing sold! Contact The Maui Real Estate Team for assistance with other Kamaole Sands Condos for Sale.
Today’s 1031 of the week features a motivated seller looking for creative buyers. This Haiku property on 2.8 acres has a number of structures. There is a three bedroom/2 bath 1,000 square foot main home, a 2 bedroom/1 bath cottage, an additional non permitted structure and two 200 square foot sheds. The property is served by a recently upgraded well system with an 800 gallon stainless steel tank and two catchment tanks. There are lots of beautiful ornamental trees and fruit bearing trees including poinciana, triangle palms, sago palms, Hala, avocado, bananas and coconut palms. The property has good potential for long term rentals. This home is listed through Jim Sanders Realty for $999,000. The Jalbert brothers may represent you via dual agency.
This property sold. Contact us for other opportunities.
Maui offers a tremendous variety of condos including a large number that permit vacation rentals. Not all vacation rental condos are created equal. Location and amenities serve to distinguish the more popular vacation rental condos on Maui. The following are a few condos on the market in complexes that have high rental demand. If you are looking to 1031 into a South Maui condo, these properties deserve consideration.
Kamaole Sands is distinguished due to its location and amenities. This unit in Kamaole Sands has a strong rental history. It is the lowest priced condo in the desirable “inner circle” of Kamaole Sands. The so called “inner circle” consists of the building that face onto Kamaole Sands beautiful interior court yard. This area is more popular for rentals and resale. This one bedroom/2 bath unit is listed through Coldwell Banker Island Properties for $549,000. This property is sold. Contact us for assistance with other Kamaole Sands Condos for Sale.
Maui Banyan is another popular vacation rental complex that boasts well kept grounds, a good location, tennis courts and pools. Two bedroom units in the complex are desirable for their flexible floor plans. You can use it as a two bedroom or you can lock the condo off into two separate units with one bedroom and a studio. This is the lowest priced two bedroom, ocean view condo currently available. This property is listed through Lowson and Associates for $587,000. This condo sold. Contact The Maui Real Estate Team for assistance with other Maui Banyan Condos.
Maui Kamaole is a popular complex due to its proximity to Kamaole III and Keawakapu beaches, low density and beautiful grounds. This is the lowest priced whole ownership condo for sale at this time. This turnkey, garden view unit has a strong rentla history. The condo is listed through Coldwell Banker Island Properties for $639,900. This condo sold. Contact The Maui Real Estate Team for assistance with other Maui Kamaole Condos for Sale.
This unique and beautiful estate is located on a lush and tropical 16 acres in Haiku. With ten guest rooms, a commercial quality kitchen and a number of large rooms able to accommodate groups, it is easy to see why this property has been operated as a retreat center for a number of years. Other amenities include a bath house, beautiful koi pond, a large swimming pool with associated showers, changing and massage rooms. A screened gazebo, potting studio and terraced raised veggie gardens add to the property. The property has undergone extension renovation and improvements over the last year making it move in ready. Building improvements include a new roof, well, drywall, ceilings, doors, electric and lighting. Potential buyers interested interested in retreat center properties are strongly encouraged to do their own due diligence. There is no county zoning that allows for retreats, nor does the county provide special use permits for retreats in agricultural areas. This property is listed through Landmark Maui Properties.
This property sold! Contact us for assistance with other properties.
Maui Real Estate Blog
1031 of the Week-Haiku Multiple Structures and a Flexible Floor plans
This potential 1031 property in Haiku packs a lot into 1.5 acres. It has four separate structures with the two main structures offering flexible floor plans. The owner reports the rental configuration and income as follows: 3bed/2bath (2nd floor house #1)$2250 and on first floor of house #1 2b/1bath $1400, 1bed/1bath $1350, studio owner occupied . House #2 second floor 3bed/2bath $2250, first floor large 1bed/1bath $1300 and a studio $1000. Structure #3 studio $1000, and Structure #4 small 2 story 1bed/1bath $1200. Square footage and structures on the property do not match county records. Buyers are to do their own due diligence. This property is listed through Assist to Sell Buyers and Sellers for $1,399,000. This property sold!
Contact The Maui Real Estate Team for assistance with other potential 1031 properties.
This week’s 1031 of the week property was just reduced in price. Located in Haiku, this two acre property includes a spacious 2985 square foot home. The home is 5 beds and 3 baths. It has a flexible floor plan that allows the home to be partitioned into 3 bed/2 bath and 2 bedroom/1 bath living areas. The home features quality amenities like granite counters, vaulted ceilings and a covered wrap around lanai. In addition to the main house there is a also a 2 bedroom/1 bath cottage. This property has plenty of long term rental potential.
This property sold! Contact us for assistance with other potential 1031 properties.