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Kaanapali Golf Estate Update
September 2019
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Aloha Fellow Kaanapali Golf Estate Owners,
The pictures of the Shaka sign above and the hula girls to the left are symbols of our latest accolade. Hawaii was named the "Happiest State in America" for the 2nd year in a row. It's also our 5th time in at least the top 10 on the list. Wallethub, who conducted the report, also noted that Hawaii came in dead last in only 1 category - adequate sleep. I'd try to explain that rating , but I'm just too tired. * Can't believe Autumn actually started this week. According to the National Weather Service, Hawaii's broken 68 summer temperature records, and tied another 74!
So I've come across a couple of things you might want to check out. I know a lot of people take helicopter tours when they come to Maui. But if you'd like to check flying a helicopter off your bucket list, here's the place you can do it, no experience necessary. Go Fly Maui offers "Discovery" tours where they'll put you through your paces on the ground, then take you up where you get to take the controls at times and turn it into a flightseeing tour instead of a regular sightseeing tour. * Now if you're a foodie, I have a couple of ideas for you: Bon Appetit Magazine just released their list of America's Best New Restaurants 2019. Lineage in Wailea, created by Sheldon Simeon of Top Chef Fame, made that list. If you're looking for a different experience, check out the Grand Wailea signature restaurant "Humuhumu". It's a floating restaurant, under award-winning chef Alvin Savella - the "Kitchen Assasin".
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The median price of a single-family home on Maui reached a new record of $837,500 last month, as unit sales of single-family homes declined by 10%. There were 98 single-family homes sold in August, which was 10.1% fewer than the 109 homes sold in August 2018. However, the median price of $837,500 was a 19.6% increase from the $700,000 in August of last year. * The median price of a condo on Maui declined 0.6% to $496,950 in August, from $500,000 during the same month last year. The number of sales declined 21.5% to 117 units, from 149 sold in August 2018.
Looking at activity for the first 8 months of the year, the number of single-family homes was 722, 9.8% fewer than 800 sold during the same period last year. The median price of those homes was $755,000 - an increase of 7.9% from $700,000 last year. * Looking at condominium activity for the first 8 months of the year, the number of units sold declined by 6% to 1,088 units sold this year compared to 1,158 sold in the first 8 months of last year. However, the price of those units increase by 3.5% from $497,500 last year to $515,000 this year.
Now l
et's take a look at the Kaanapali Golf Estates
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VACANT LAND
Status
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Address
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List $
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Sq Ft
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Sold $
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Close
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GENERAL
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no listings
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KAHUA KAI
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no listings
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SUMMIT
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Active
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411 Wekiu Pl
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419,000
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11,112
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Active
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195 Welau Way
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375,000
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10,790
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Escrow
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165 Welau Way
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395,000
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10,574
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Escrow
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166 Welau Way
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599,000
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12,867
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PINNACLE
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Active
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45 E. Mahi Pua Pl
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625,900
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19,651
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LANIKEHA
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Active
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70 Lewa lani Pl
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375,000
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11,800
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Active
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647 Anapuni Lp
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399,500
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12,081
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Active
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627 Anapuni Lp
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410,000
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12,117
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Active
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607 Anapuni Lp
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420,000
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12,630
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Active
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704 Anapuni Lp
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435,000
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11,927
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Active
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995 Anapuni Pl
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460,000
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20,299
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Active
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27 Kaulele Pl
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475,000
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12,071
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Active
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110 Lewa Lani Pl
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475,000
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13,072
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Active
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65 Lolii Pl
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550,000
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20,617
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Active
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447 Anapuni Lp
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550,000
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30,880
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Active
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167 Anapuni Lp
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575,000
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21,780
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Active
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377 Anapuni Lp
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599,000
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21,192
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Active
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955 Anapuni Pl
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639,000
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20,611
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Active
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484 Anapuni Lp
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785,000
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41,048
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Active
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25 Lolii Pl
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849,000
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20,219
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Active
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584 Anapuni Lp
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875,000
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54,280
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Active
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344 Anapuni Lp
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875,000
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56,192
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Active
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564 Anapuni Lp
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895,000
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43,643
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Active
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224 Anapuni Lp
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995,000
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40,816
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Active
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184 Anapuni Lp
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995,000
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43,342
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Escrow *
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444 Anapuni Lp
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749,000
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41,166
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Sold
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68 Keahilili Pl
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435,000
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26,266
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435,000
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08/08/19
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Sold
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45 Lolii Pl
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425,000
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20,417
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400,000
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06/28/19
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Sold
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404 Anapuni Lp
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715,000
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40,862
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695,000
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02/22/19
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*
Escrow cancelling
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RESIDENTIAL
Status
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Address
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List $
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Bd
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Ba
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Sold $
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Close
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Active
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318 Aalii Way
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2,100,000
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3
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2.5
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Active
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324 Aalii Way
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2,225,000
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3
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3.5
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Active
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365 Kului Way
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1,999,000
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4
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3.5
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Active
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300 Aalii Way
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2,290,000
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4
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3.5
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Active
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180 Kalaihi Pl
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2,595,000
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4
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4
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Escrow
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229 Amakihi Way
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1,690,000
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4
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4
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Sold
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361 Aalii Way
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1,539,800
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4
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4
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1,236,922
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09/16/19
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Sold
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346 Aalii Way
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1,400,000
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3
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2.5
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1,380,000
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07/02/19
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Sold
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241 Amakihi Way
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1,835,000
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4
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3.5
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1,835,000
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02/07/19
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KAHUA KAI
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Escrow
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50 Kahua Kai Pl
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3,495,000
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3
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4
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Sold
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18 Kahua Kai Way
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3,299,000
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3
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3.5
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3,100,000
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06/26/19
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SUMMIT
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Active
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211 Wahi Oli Way
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1,550,000
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3
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3
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Active
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215 Wahi Oli Way
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1,795,000
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3
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3
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Active
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407 Wekiu Pl
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2,495,000
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3
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4
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Sold
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211 Welau Way
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2,395,000
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3
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3.5
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2,200,000
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04/15/19
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PINNACLE
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Active
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98 W. Mahi Pua Pl
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2,850,000
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3
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5
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Active
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56 W. Mahi Pua Pl
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5,750,000
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5
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5
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Sold
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94 W. Mahi Pua Pl
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3,895,000
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5
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4.5
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3,750,000
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05/03/19
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Sold
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23 W. Mahi Pua Pl
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3,595,000
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5
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5.5
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3,428,000
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02/28/19
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LANIKEHA
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Active
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30 Lewa Lani Pl
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2,100,000
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3
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3.5
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Active
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49 Keahilele Pl
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3,987,000
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4
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3.5
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Active
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297 Anapuni Lp
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3,995,000
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4
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4.5
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Active
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227 Anapuni Lp
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3,995,000
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4
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4.5
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Active
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204 Anapuni Lp
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4,600,000
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4
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4.5
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Escrow
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970 Anapuni Pl
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3,500,000
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4
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3.5
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Sold
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577 Anapuni Lp
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2,600,000
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3
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3.5
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2,400,000
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08/26/19
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Sold
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267 Anapuni Lp
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4,975,000
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5
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4.5
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4,500,000
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08/15/19
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THE VINTAGE
Status
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Unit
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Bd
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Ba
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List $
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Sold $
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Close
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Active
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57
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3
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2.5
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1,099,000
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Active
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61
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2
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2.5
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1,125,000
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Active
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19
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3
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2.5
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1,150,000
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Active
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28
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3
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3
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1,446,000
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Escrow
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44
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3
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3
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1,100,000
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Escrow
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130
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3
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2.5
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1,200,000
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Escrow
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29
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3
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3
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1,449,999
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Sold
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141
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3
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2.5
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995,000
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950,000
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09/10/19
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Sold
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21
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3
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2.5
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999,999
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890,999
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08/30/19
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Sold
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124
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3
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2.5
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1,300,000
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1,200,000
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04/18/19
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Sold
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139
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3
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2.5
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1,325,000
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1,325,000
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06/05/19
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Figures from Realtors Association of Maui
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FEATURED LISTINGS
The Summit
Vacant Lot
165 Welau Way
$395,000
Parcel A-9 at 165 Welau Way is located at the end of the quiet Welau cul-de-sac within the exclusive double gated subdivision of The Summit at Kaanapali Golf Estates. This pacific ocean and West Maui Mountain view lot is ready to be built on. The level ground topography makes this parcel near shovel ready. The home site allows for a large residence up to two stories to be built including landscaping, pool and Jacuzzi. The parcel is approximately 10,574 square feet and one of the few remaining buildable parcels available in the community. The Summit is a relaxing and carefree golf-cart friendly neighborhood a short ride from the world famous Kaanapali Beach and Resort. This neighborhood is great for both full time residents and vacation home owners. Kaanapali is where the world comes to play.
(click on pictures for more information)
324 Aalii Way
3 Bedroom 3.5 Bath
$2,225,000
324 Aalii Way is located behind the gates of the highly sought after Kaanapali Golf Estates. Year round ocean, sunset, and outer island views can be enjoyed at this nearly 5,000 sf estate, The main living area allows for single level living with the master bedroom, kitchen, living and dining rooms, pantry, and laundry all on the same floor. An elegant curved stairway takes you down to a family room, second master, and guest bedrooms. The downstairs provides direct access to the outdoor covered lanais, waterfalls, pool, raised hot tub, and seated grotto.
(click on pictures for more information)
The Summit
215 Wahi Oli Way
Single Level 3 Bedroom
$1,795,000
215 Wahi Oli Place is located behind the double gates of the Kaanapali Golf Estates and The Summit. This home boasts direct west views to Molokai and Lanai with year round sunsets and winter whale watching. Lot 17 is a single level home with two master suites and a third guest bedroom. Experience ocean and island views from the formal master bedroom, living room, dining room, and kitchen. The home features a pool, spa, outdoor kitchen with direct gas, bonus workout room, Subzero stainless steel appliances with gas stove, refrigerator drawers, Subzero wine cooler and much more. Surrounded by grass lawns and resort style landscaping, Summit 17 feels bright and inviting. Homes in The Summit Phase I are rarely available and the association dues cover the exterior paint and pressure washing, roof, all landscaping, insurance, pest control, and pool and spa maintenance. Secure, safe and located in the Kaanapali Resort, The Summit is a short golf cart ride to all that Kaanapali has to offer. Home is being sold fully furnished.
(click on pictures for more information)
The Pinnacle
56 W Mahi Pua Pl
5 Bedrooms, 5 Baths
$5,750,000
The Pinnacle Residence 27 offers the best of the highly sought after Ka'anapali Lifestyle' including golf cart routes to the white sand beaches below. West facing, gated, fully landscaped, over 8,000 Sq Ft under roof and perched high above the 8th fairway of the Ka'anapali Kai Golf Course, this estate experiences both dynamic year round sunsets and complete privacy. All of the main living space is on the upper level including the garage and main entry. Stunning panoramas of outer islands Molokai and Lanai can be enjoyed from the master bedroom wing, living room, kitchen, great room and pool deck. Smooth sliding large glass pocket doors line the West wall of the upper level opening up to the outdoor covered pool deck, infinite pool, spa, kitchen and bar. An outdoor shower, Jacuzzi bath tub, generous walk-in closet and a multi shower-head indoor shower make for a master bathroom worth envying. The lower level acts as the guest quarters and entertainment zone boasting an over-sized movie theater, large grass lawn, outdoor covered deck, workout room, tasting room and more. Built in 2009 with the finest finishes and materials along with complete solar panels, five air conditioning zones and a Lutron 'Smart Home' system, Residence 27 cannot be compared.
(click on pictures for more information)
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Hawaiian Airlines
saw a 4% increase last month compared to August 2018, when it carried more than one million passengers! And for those of you who love Hawaii's 9th island (Las Vegas), Hawaiian is going to make things a little easier for you. Beginning December 15th Hawaiian will begin 4 times a week service ... just in time for the holidays. And if your travels are taking you farther East, Hawaiian Airlines will begin nonstop service between Honolulu and Fukuoka, Japan November 26th with 4 weekly flights. This new connection marks continued expansion for Hawaiian's Japan service, which includes 31 weekly nonstop flights between Hawaii and Japan. Routes include connections to Osaka, Sapporo, and Tokyo's Haneda and Narita airports.
Alaska Airlines is increasing its flights to popular sun spots this winter to provide rain-addled folks from the Pacific Northwest with more options to Hawaii. Alaska will add a third daily flight between Seattle and Maui starting November 21st. That's in addition to a recently added third daily flight between Seattle and Honolulu. A little side note, Alaska Airlines has launched a new initiative ... #FillBeforeYouFly ... encouraging passengers to fill their own water bottles up before boarding. All part of the airline's effort to reduce its in-flight waste by 70% by 2020.
TOURISM
The number of guests staying at hotels across the state increased last month compared to August of last year. Occupancy was up 5.5% to more than 84%. * The Hawaii Tourism Authority and Hawaii Visitors and Convention Bureau have begun rolling out a statewide video campaign aimed at educating visitors to our islands. The short videos are called the "Kuleana Campaign", and cover topics like outdoor safety, ocean conservation, and cultural concerns. Shown in hotels and airlines, they'll also appear on Instagram and Facebook. It'll include things like using reef-safe sunscreen, and researching potential vacation rentals to ensure they're legal.
And speaking of illegal vacation rentals, the Maui County Planning and Sustainable land Use Committee voted unanimously to recommend approval of a bill that would increase the initial civil fine from the current $1,000 to $20,000, and the daily civil fine from the current $1,000 to $10,000 for unpermitted bed-and-breakfasts, and short-term rentals.
On the other hand, the owners of legit vacation rentals are enjoying a steady stream of income for their property when they're not using it. I do it with my rental properties. At first I tried renting them out myself - what a headache. Now I have all my rental properties being handled by
M
aui Beachfront Rentals
.
Do what I do now and check out
MBR
. They take all the hassle out of it for you like taking care of the taxes so you don't have to worry.
And they market the heck out of your place with extra advertising on sites like VRBO, HomeAway, Flip Key and others ... all at no additional cost.
GREEN
Solar is great! But there are a lot of folks who don't own their roof ... like renters and apartment dwellers. Well Hawaiian Electric has begun phase 1 of a community solar program broken down by approved solar PV megawatt capacity by island. Maui is approved for 1MW capacity at $0.165 per kWh. Small companies and nonprofits are moving into Phase 1 now. But hopefully be next year residents will be able to subscribe. * Maui Electric is taking over 4 electric vehicle charging stations that were previously located at the Queen Kaahumanu Center, Piilani Village Shopping Center, Lahaina Aquatic Center, and Pukalani Terrace. They will offer plans to lower the charging rate, and incentivize driver to charge during the daylight hours when solar energy is abundant. * And last but not least, Hawaii is introducing a new form of concrete that reduces greenhouse gas emissions! Concrete is the second-most used material on the planet after water. The new material is "carbon-sequestering concrete", carbon-injected concrete or carbon dioxide mineralized concrete. Whatever you call it, this CO2 mineralization takes waste carbon dioxide from say a gas company or power plant, injects it into a concrete mix ... badda-bing, badda-boom, and you've got a product stronger than concrete that gets rid of what would otherwise be pollution and turn it into a mineral permanently embedded in concrete! Okay, it's a little more complicated than that ... but it's happening right here on Maui with CarbonCure, Island Ready-Mix, and HC&D. CarbonCure will be working with Oahu concrete producers next.
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Dean Rathbun
of
Avis Mortgage
has a couple of mortgage notes to share with you this month. First, The Federal Reserve cut interest rates by a quarter of a percentage point last week, its second move since late July. The vote was 7-3 in favor of the move, with the majority of dissenters demonstrating a more hawkish bias. Kansas Fed President Esther George and Boston Fed President Eric Rosengren favored leaving rates unchanged. St. Louis President James Bullard favored cutting rates more deeply by 50 basis points. While the median Fed official expects rates to stay at the current level through the end of this year, 7 of 17 expect another rate cut - compared with zero in June. That suggests momentum is shifting toward additional accommodation before the end of the year.
Dean also wanted to bring to your attention a plan that the Trump administration unveiled this month to end federal control of two mortgage giants (Fannie Mae and Freddie Mac), that had been bailed out by taxpayers during the 2008 financial crisis and return them to the private sector. The latest plan, put forth by the Treasury and Housing and Urban Development departments, includes recommendations meant to limit the federal government's role in the mortgage market and inject more private competition, which they say will bring down mortgage rates. Officials say it would promote affordable housing and protect taxpayers from bailing out Fannie and Freddie in the event of another housing crash.
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MAUI HAPPENINGS
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Kris Kristofferson |
Every Sunday: Maui Gift & Craft Fair Lahaina Gateway Center 9-2
Every Monday: Maui Cruise n' Crafts Fair Maui Mall 10-3
10/3-6: 97th Annual Maui Fair
info
10/12: 24th Annual Maui Wedding Expo
schedule
10/12: Aloha Maui Pride Festival
events
10/12: 2019 Maui Fil-Am Heritage Festival 10-3 Queen Kaahumanu Center
10/13: Maui Marathon, Half, and Relay
info
10/19: Hope Fest Maui for the American Cancer Society
details
10/19: Annual Chili Festival
info
10/26: 2019 Walk to End Alzheimer's
schedule
10/27: Xterra World Championship
details
10/31: Lahaina Halloween (more details next month)
10/18: Roys 22nd Annual Golf Classic
10/19: Wicked Cocktails, Wicked Plates
10/20: Keiki in the Kitchen
10/20: Pasta la Vista
Maui Arts & Cultural Center
tickets
10/05: "One Little Finger" concert & film
10/06: Richard Thompson Electric Trio
10/10: Christian Sands Trio
10/10: Artist to Artist: Henry Kapono & Jerry Santos
10/12: R. Carlos Nakai Quartet
10/12: MAMo Wearable Art Show
10/13: Pualani Kanaka'ole-Kanahele in the Green Room
10/16-17: Art & Activism
10/18: Starry Night Cinema "Aladdin"
10/19: Kris Kristofferson & The Strangers in concert
10/20: Trio con Brio Copenhagen
10/25: Okaidja Afroso West African music Dance Floor
9/13-29: Strangers On A Train
It's evident that more and more visitors continue to flock to Maui. While they're here they inevitably fall in love with it. I can't tell you how many of those visitors end up wanting to own a piece of paradise themselves. One they know they can keep coming back to. That's where we come in.
If you'd like to see what your property is worth in this market, we
'd be more than happy to provide you with a free, no obligation, confidential assessment of your property. Conversely, if you're looking to add to your real estate portfolio while the rates are low, let us know.
As owner of Berkshire Hathaway Maui Properties I have over 30 years experience in the Maui market with sales approaching $2 billion! We a
re the
only
Berkshire Hathaway Real Estate Brokerages on Maui. Our offices are located in Lahaina-Kapalua and Wailea-Makena. We're available to you 7 days a week.
We hope you're enjoying our monthly updates. Feel free to share them with your friends and neighbors. If they like, we'll add them to our update list. Completely private and never any junk mail.
Alex, Leslee, and John
Your Kaanapali Specialists
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If you are currently listed with another Broker, this is not intended to disturb that relationship
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Low Fixed & Adjustable Rates
Condo-tel Lender for over 23 Years
DEAN RATHBUN
Toll Free (888) 455-AVIS (2847
)
|
Increased Income Reduced Expenses
Never Pay For Guest Damages
Guest Travel Insurance Eliminates Guest Refunds
MAUI BEACHFRONT RENTALS
Toll Free (888) 661-7200
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Berkshire Hathaway
HomeServices
Maui Properties
Copyright 2017. All Rights Reserved.
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