Kihei Condos By The Numbers
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Condos in Kihei For Sale
What Makes Kihei a Great Place to Own a Condo?
Most searches for condos on Maui begin with choosing a community that you prefer. Kihei and Ka'anapali have the most condo complexes by area because of their proximity to some of Maui's best beaches. The beaches in Kihei are certainly one of the big reasons that many choose to buy a condo in the area.
South Kihei Condos For Sale
Kihei is also a popular vacation destination making it a great place to own a short-term rentable condo as an investment that you also get to enjoy. With average occupancy rates in the 80 and 90 percent ranges, most owners see sizeable returns on their investments from vacation rentals. In addition to the investment income, owners get to enjoy the condo anytime they want!
The coastal community of Kihei overlooks impressive Pacific Ocean vistas. In the Hawaiian language, the name "Kihei" refers to a cape or a cloak. Once the site of a royal retreat centuries ago, this locale remained a quiet fishing village for many years.
North Kihei Condos For Sale
The Development Of Kihei As a Tourist Destination
Kihei blossomed into a popular tourist destination during the 1960s and 1970s. At that time, television productions like Hawaii 5-0 raised public awareness about Hawaii's scenic beauty and its remarkable beaches.
Breathtaking oceanfront complexes like the Mana Kai and Menehune Shores, along with long term rentable complexes preferred by Maui residents such as Kamalani and Kai Ani Villages, make the Kihei condo market one of the hottest places to buy on Maui.
Kihei implemented a Civic Development Plan in 1970, allowing the community to control many aspects of its growth. In 2013, the Maui Times Weekly voted it the best residential community in Maui County.
Today, Kihei supports a permanent population of more than 20,000. It extends across a nearly 12 square mile area. South Kihei developed into a busy center served by numerous resorts and hotels.
It supports an active nightlife. North Kihei begins where the coastline angles abruptly to proceed in the direction of Ma'alaea. It provides a slightly quieter milieu and includes a higher percentage of long-term residential properties. Both sections of town adjoin stunning beach fronts. Maui real estate buyers can discover appealing Kihei condos for sale in both the northern and southern parts of town.
Kihei Condos Market Statistics
How To Choose The Right Kihei Condo For You
Now that you've decided Kihei is the place for you, you'll want to narrow down your search by price. Long term rentable complexes start in the $300,000's and short term rentable complexes start in the $500,000's. The easiest way to find the perfect condo complex for you is to reach out to us and have a Kihei condo expert keep you updated with the best condos in your price range currently on the market.
We offer virtual showings for all of the available units and regularly keep the pulse of the market to get you the best deals.
Condominium developments in Kihei frequently form components of resorts and hotels. Hotels guests, time shareowners, and long term residents may share many of the recreational opportunities supplied by condo communities, for example. Maui condo purchasers discover they sometimes receive in-demand vacation amenities, such as available housekeeping and concierge services.
South Kihei Condos
In South Kihei, one popular choice includes the elegant Maui Kamaole Sands managed by Castle Resorts and Hotels. It offers an eye-catching landscape, supplying some 15 acres of carefully tended grounds and gardens. The furnished one-bedroom condos stand directly across from the Kamaole Beach Park III.
Several other condominium communities attract savvy home buyers in South Kihei, too. Other quality complexes close to the beach in Kihei are Maui Parkshore, Maui Banyon, Kihei Akahi, Pacific Shores, Royal Mauian, Maui Hill, Kamaole Beach Royale, Maui Vista, Kihei Alii Kai, Maui Kamaole, and Shores of Maui. The availability of vacation attractions makes this location ideal for condo owners.
North Kihei Condos
Of course, North Kihei also boasts lovely condominium communities.
Menehune Shores was built in 1976 and offers 154 stylish condo units. It includes some 3-bedroom floor plans. This beautifully landscaped property maintains an oceanfront site providing panoramic sparkling blue Pacific Ocean views. Residents enjoy exceptional outdoor recreational opportunities.
Some other locations which may feature condominiums in North Kihei include Kauhale Makai, Maalaea Surf Resort, Kihei Bay Vista, Koa Lagoon, Leinaala Ocean Front, Kihei Garden Estates, Sugar Beach Resort, Kihei Bay Surf, and Maui Sunset (to name just a few). Properties often don't reach the realty resales marketplace frequently here. Maui condo buyers gain advantages by considering every listing in detail.
Enjoy Happy Leisure Hours in Kihei
As an oceanfront community, Kihei provides close proximity to a variety of fun-filled outdoor recreational activities. It offers both fine sand beaches and waterfronts noted as excellent sites for beginning surfers. Residents pursue a variety of maritime hobbies. These activities ranging from boating and fishing to deep-sea diving, snorkeling, kayaking, canoeing, and riding standup paddleboards.
Additionally, Kihei boasts museums, outstanding shops, and fine restaurants. Condo communities don't even need to adjoin the shoreline to supply a rich array of available activities in this location. Kamaole Beach Parks I, II, and III, Kalama Park, and Cove Park offer a variety of opportunities for people here to enjoy outdoor beachfront recreation.
One of the newest condominium developments in Kihei, the Flats at Kamalani, reached the realty marketplace in 2017. These two and three-bedroom pet-friendly condo units began selling in a modest $400,000 price range. They offer close proximity to a rich selection of popular leisure outdoor activities.
Short Term Condo Rentals
Numerous restrictions apply to short term vacation condo rentals in Maui. Maui County implements stringent zoning rules. Since this region appeals to large numbers of vacation seekers, important distinctions exist between different types of realty and among permitted rental uses.
For example, Maui County requires rental permits for three types of homes: bed and breakfast establishments, transient vacation rentals, and short term rental homes. The County reportedly issues the latter type of permit comparatively infrequently.
Both the current community plan and applicable zoning regulations help determine available realty uses. Whether a condo buyer selects a property in a well-established development like Kamaole Sands or in a comparatively new site, like Kamalani, it proves important to conduct careful research before making a condo available for short term rental purposes.
Long Term Condo Rentals
Some condo owners obtain revenue by renting their properties to long term tenants. Experts caution prospective investors to anticipate a variety of costs associated with owning and renting realty in Kihei. Condominium rentals typically require the payment of hefty acquisition expenses in this premiere vacation destination.
Additionally, long term condo owners may incur a variety of other expenses. Maintenance fees and condo association dues constitute a significant sum in some developments. Owners must also budget for utilities, applicable permits, resort rental program, and activity fees, cleaning fees, repair services, insurance, and property taxes.
Some locations charge additional sums for security, also. It usually makes sense to evaluate every potential condo purchase with care. Requesting expert advice also holds benefits.
Obtain Further Information About Kihei Condos For Sale
Investing in real estate on Maui involves some finesse. Most Maui real estate buyers discover advantages in working closely with a knowledgeable local real estate brokerage firm. While these Kihei condos for sale often require a significant financial investment, in many cases, these properties also hold the potential to yield lucrative returns.
The popularity of Maui as a vacation destination contributes to the allure of real estate here.
Discover the benefits of owning luxurious residential accommodations in one of the most in-demand vacation hot spots in the world. A condo in Kihei allows property owners to enjoy access to an array of fun outdoor recreational activities not available in many other places. The incredible natural beauty of this part of Maui entices residents and visitors alike. Consider learning more about Kihei condos for sale soon!
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