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Kaanapali Golf Estates
February 2020
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Aloha Fellow Kaanapali Golf Estates Owners,
 Okay foodies, you've been feeling a little left out lately ... so here's the latest tummy teasers on the island. See that mouthwatering picture of Banana Macadamia Pancakes to the left? You used to have to drive to Kihei Caffe to get it, but now they have a 2nd spot Kihei Caffe Lahaina in the Lahaina Gateway! No worries, I've got everybody covered ... "OPIHI" will be opening in Wailea Village. Chef Troy Guard has been recognized as one of the "Great Regional Chefs of America" by the James Beard Foundation. * You had some great options for Valentine's this month too. "Open Table" announced that "Lahaina Grill" and "Mama's Fish House" were among the most romantic restaurants in the U.S."
Into the Classics?
Food and Wine Magazine
noted "Mama's Fish House" and "Sam Sato's" in their best
of. * Now fix your gaze to the photo on the right. This may change the way you think of going grocery shopping forever. Foodland on Oahu is definitely not your grandmother's grocery store. They now offer cocktails and small plates. So I'm thinkin' ... we have 3 Foodlands on Maui and I can see more guys offering to go to the market with their wives ... if they can make a night of it!
Forget Silicon Valley... we are master techies! Who'd guess that Maui is setting the standard as a place for scientific innovation! Maui's own "HNu Photonics" just sent their Scorpio-V Mobile SpaceLab to the International Space Station to develop and manufacture future medical cures, where there is not gravity to distort DNA and protein molecules. Their first study: cell functions of neuroblastoma cells - a type of nerve-cell cancer. These therapeutic interventions may be used to treat neurodegenerative diseases or general cognitive decline for us mere mortal terrestrial human population.
From above the skies to below the seas ... The
National Oceanic & Atmospheric
Administration will be adding a new research vessel "The Oceanographer" to be homeported in Hawaii. According to the NOAA, "The Science missions aboard these vessels promise to push the boundaries of what is known about our still largely undiscovered ocean."
State lawmakers are looking to take a federal ban on flavored vaping cartridges one step further. In a bipartisan bill, Hawaii could mark another first in the nation by increasing the minimum age to 25 to purchase tobacco and electronic smoking devices. * From cleaning your lungs - to cleaning the ocean: An innovative pilot project has begun in Maalaea Harbor. Hundreds of Pacific Oysters (not the kind with pearls, or for consumption since they filter impurities) have been placed in the harbor to make it cleaner and healthier for fishing, swimming, paddling and surfing.
 Using Census Bureau data, Zippia listed the top 10 states for population loss ranked by the percentage that moved to another state. Hawaii ranked #5, with 7,047 who left ... amounting to 0.5% of the population between 2017 to 2018. Where did they go? Mostly California, Texas, Nevada, Washington and North Carolina. * My guess is someone is NOT going to leave, but instead plop down some serious money for the house pictured on the left. It looks nice enough for a modest little home ... but the asking price is $2.2 million and if you click here, you'll see some pix of a not so grand backyard etc. So why the steep listing price? It's all in the name ... you see this was President Barack Obama's Hawaii boyhood home from 1964-1967 starting when he was just 3 years old.
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The Magic of Koholas
If getting up close and personal with whales is on your bucket list, this is where you need to be. This is their peak mating season, so now and next month give you the best chance of witnessing this miracle.
We consider Pacific Humpback Whales (Koholas), "Kamaaina" or locals. You see, they've been coming to Hawaii from as far back as the ancient Polynesian Era 1 - 600 AD.
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If you're at a point in life where you're considering buying a home, today is a better time to buy than 10 years ago. A strong economy, low unemployment, and low mortgage rates make it a great time to buy. The amount of income that buyers spent on their mortgage payments also dropped from 2010 through 2019, despite higher home prices. Homeowners are also sitting on more equity. In 2012, nationwide equity reached a low of $8.2 trillion. In 2019, it grew to about $18.7 trillion.
Here on Maui, the median price of homes and condominiums rose by more than 7% in January. There were 84 single-family homes sold in January, a 33.3% increase from 63 homes sold in January 2019. The median price of those homes was $782,438 ... an increase of 7.2% from $730,000.
The median price of a condo on Maui in January was $569,000 which was an increase of 7.7% from $528,450 during the same month last year. Meanwhile the number of sales declined by 2.3% to 127 units sold, from 130 sold in January 2019. Tight inventory had something to do with that, as the number of new listings for condos dropped by 19%.
Now l
et's take a look at the Kaanapali Golf Estates
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VACANT LAND
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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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165 Welau Way
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395,000
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10,574
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Escrow
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411 Wekiu Pl
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419,000
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11,112
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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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Active
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28 W Mahi Pua Pl
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690,000
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20,586
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Active
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10 W Mahi Pua Pl
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799,000
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18,012
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Active
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84 W Mahi Pua Pl
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925,000
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18,977
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LANIKEHA
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Active
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704 Anapuni Lp
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389,000
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11,927
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Active
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627 Anapuni Lp
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395,000
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12,117
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Active
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607 Anapuni Lp
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395,000
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12,630
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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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955 Anapuni Pl
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449,000
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20,325
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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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27 Kaulele PL
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475,000
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12,071
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Active
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6 Kaulele Pl
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495,000
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13,699
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Active
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477 Anapuni Lp
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525,000
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30,880
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Active
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167 Anapuni Lp
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545,000
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21,780
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Active
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955 Anapuni Pl
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548,000
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20,611
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Active
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1015 Anapuni Lp
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585,000
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21,192
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Active
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85 Lolii Pl
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585,000
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29,316
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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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975 Anapuni Pl
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599,000
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20,315
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Active
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564 Anapuni Lp
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749,000
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43,643
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Active
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444 Anapuni Lp
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749,000
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41,166
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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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464 Anapuni Lp
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795,000
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41,147
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Active
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374 Anapuni Lp
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829,000
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40,829
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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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184 Anapuni Lp
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899,000
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43,358
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Active
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224 Anapuni Lp
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949,000
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40,846
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Escrow
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65 Lolii Pl
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525,000
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20,617
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Sold
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50 Lewa Lani Pl
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395,000
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10,907
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370,000
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02/21/20
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Sold
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70 Lewa Lani Pl
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375,000
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11,800
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350,000
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01/21/20
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RESIDENTIAL
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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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365 Kului Way
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1,950,000
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4
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3
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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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312 Aalii Way
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2,450,000
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4
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3.5
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Active
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249 Amakihi Way
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2,695,000
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4
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3.5
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Escrow
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180 Kalaihi Pl
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2,570,000
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4
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3.5
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Escrow
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320 S Ulukoa Pl
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2,995,000
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4
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5.5
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Sold
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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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2,100,000
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01/07/20
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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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211 Wahi Oli Way
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1,525,000
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3
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3
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Active
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404 Wekiu Pl
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2,290,000
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4
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5.5
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Active
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384 Wekiu Pl
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2,375,000
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3
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3.5
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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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Escrow
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412 Wekiu Pl
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1,950,000
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3
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3
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PINNACLE
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Active
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60 E. Maui Pua Pl
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1,300,000
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4
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4.5
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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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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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2,700,000
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01/21/20
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LANIKEHA
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Active
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697 Anapuni Lp
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1,999,997
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3
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3
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Active
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30 Lewa Lano Pl
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2,000,000
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3
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3.5
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Active
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784 Anapuni Lp
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3,695,000
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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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3,795,000
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4
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4.5
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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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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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Escrow
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204 Anapuni Lp
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4,395,000
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4
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4.5
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THE VINTAGE
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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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1,059,000
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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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1,425,000
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Sold
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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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950,000
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01/15/20
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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)
320 S Ulukoa Place
4 Bedroom 5.5 Bath
$2,995,000
In Escrow
320 South Ulukoa is a Premium Resort Home located at the top of South Ulukoa and at the end of the private cul-de-sac inside the secure gates of Kaanapali Golf Estates. Each of the 4 bedrooms have their own full bathroom; the large master suite has a private lanai, sitting area, and walk-in closet. The private pool and spa patio was designed to include a 65-foot lap pool and be accessed from the kitchen, living room and dining room. The lush landscaping appears to flow seamlessly into the golf course. Additional amenities include a 3-car garage, PV Solar System, and an Outdoor pool shower and bath. The home is being sold fully furnished.
(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 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 Kaanapali 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 Kaanapali 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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TOURISM
A recently released report from the Hawaii Tourism Authority shows the Aloha State pushed past the
10 million mark with 10,424,995 visitors to Hawaii last year.
Maui led all the Neighbor Islands. Maui surpassed the
3 million mark for the first time since record keeping began three decades ago. The 3,071,596 visitors in 2019 was a 5.4% increase from the year prior, and the highest amount since tracking began in 1990. Arrivals weren't the only increase for Maui. Visitor spending also hit a new high last year of $5.12 billion, a 2.4% increase over 2018. For the month of December 2019, Maui visitor spending hiked up 15.4% to $513.1 million, visitor arrivals went up 8.5% to 275,959, and daily visitor spending increased 9.7% to $218 per person.
The island of Molokai, part of Maui County, is one step closer to having no short-term rentals. Maui County Council passed on first reading a bill to establish a zero permit cap. If the bill becomes law, when current permits for short-term rentals expire, there will be no opportunities for renewal.
Now Airbnb has begun restricting some bookings from under-25's in an effort to prevent so called "party houses" spiraling into violence.
And I've been telling you for a while about the new bills on Maui being sought to control illegal vacation rentals.
What you don't want to do, is get caught up in that mess. Listen, if you have guests coming into town, I recommend you check out
M
aui Beachfront Rentals
.
Don't have friends or family get stuck paying for a high priced hotel, or an illegal vacation rental, when t
hey can get a fully furnished condo or home complete with kitchen, laundry, and free parking ... all things you either can't get - or pay thru the nose for at hotels. And of course they'll enjoy all the amenities of a Resort!
If you own a property that you'd like to make income on when you're not using it, do what I do 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. And All Legal!
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Dean Rathbun
of
Avis Mortgage
reveals that the number of new mortgages originated in the last three months of 2019 topped all quarters since the 4th quarter of 2005. More than $750 billion in new mortgages originated in the 4th quarter of 2019. Compare that to the first quarter of 2019, when there were only $344 billion in mortgage originations. In total, mortgage origination volume topped approximately $2.1 trillion in 2019. Despite the increase in originations, credit standards did tighten in the 4th quarter. The median credit score of borrowers applying for a mortgage rose to 770 ... a 5 point increase over the previous quarter. The Fed suggested the increase was due to the hike in the number of refinancers.
Refinancing is big right now with mortgage rates hovering near a five-decade low. In fact refinance applications are surging, rising to the highest level in seven years. Federal Reserve Chairman Jerome Powell has signaled that the central bank is comfortable holding interest rates steady for now.
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MAUI HAPPENINGS
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Daryl Hall & John Oates |
(Swap Meet with music, food, crafts etc)
3/07: Volunteer Day at Hawaii Nature Center
info
3/14: West Maui Bike Ride & Brunch
schedule
3/28: The Great Whale Count (two opportunities for you)
Maui Arts & Cultural Center tickets
2/23: Maui Pops Orchestra Winter Pops
2/27: Goitse award winning Irish group
2/28: John Craigie Americana style singer/songwriter
3/01: HAPA Hawaiian music reuniting after 17 years
3/06: Mrs. Krishnan's Party interactive comedy - limited seating
3/06: Toby Walker guitarist, story teller
3/07: Theo Von: Dark Arts Tour comedy
3/08: Maui Pops Orchestra the Great American Songbook
3/12: Calder Quartet classical
3/13: Henry Kapono & Paula Fuga
3/14: Jake Shimabukuro inventive ukulele
3/18-19: Hawaii Energy Conference
3/20: Four Renowned Poets tribute to W.S. Merwin
3/21: Starr Kalahiki in concert
3/22: Simrit Neo-psychedelic world beat band
3/25: Devising Dance Theater Workshop
3/26: Lucky Plush Productions: Rink Life dance
3/28: "Proof of Loyalty" film about WWII Hawaiian Neisi Soldiers
3/29: Daryl Hall & John Oates in concert (#1 selling duo in music history)
2/28-3/15: Xanadu the Musical
3/7-15: The Ants & the Grasshoppers
3/22: Joan Osborne 7 time Grammy Nominee, tours with "The Dead" (grateful)
4/24-5/10: Cat on a Hot Tin Roof
5/16-17: Maui Chamber Orchestra Spring Concert
7/10-8/2: Priscilla Queen of the Desert musical
2/28: "Neither Wolf or Dog" film
3/06: "Out of Order" political comedy
3/07: 1st Annual Gutsy Women Showcase
3/26: An Evening with Andrea Razzauti guitarist
4/3-4: Cabaret & Cocktails presents "The naughty princess and the tease"
4/17-5/03: "The Odd Couple" (female version)
6/5-21: "Murder In The Nth Degree"
If you're enjoying my our updates and would like to pass it on to a friend, there's a button below you can click to forward it on. And never worry about junk mail. Unless requested otherwise, we only send out these monthly updates.
As you can see above, the real estate gods are smiling down on us.
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. Likewise, if you want to take advantage of these crazy low interest rates, and you're interested in adding to your real estate portfolio, let us know.
As owner of Berkshire Hathaway Maui Properties I have over 35 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. I'm available to you 7 days a week.
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
)
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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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