The Maui real estate market is plugging along nicely. There are still great values to be had in the current market. While short sales and bank owned homes are on the decline, Hawaii is still working through its shadow inventory.
151 Mele Komo Pl (MLS# 368944) is located in the prestigious gated Pu’unoa subdivision, next to the highly desirable Launiopoko area on the west side of Maui. The 1 bed/1.5 bath cottage is 999 sq.ft. and located on 5 acres, allowing ample room to build a main house, yet still maintain a sense of privacy.
The 1 bed/ 1.5 bed cottage was built in 2005 and has an upgraded kitchen. It is currently listed at $1,699,900.
The ocean and island views of Lanai are incredible from the cottage’s lanai
For a bank-owned (REO) home, it’s very clean inside and out
The home has an upgraded kitchen and includes appliances
18 Hulumanu Pl (MLS# 366073) is located in Kahakuloa, on Maui’s west side, just on the outskirts of Wailuku. Located within the gated community of Maluhia Country Ranches this 5 bed /4 bath country home sits on over 2.7 acres. There is also plenty of room for a horse or a garden. Originally priced at $1,099,000, it’s now offered at $855,500.
The home as viewed from the front yard. Horse not included.
Ocean and north shore views of Maui can be seen from the home and yard
This 5 bed/4 bath 3,889 sq.ft. home boasts a fireplace and 25 foot ceilings in the main room. All bedrooms are large with the master bedroom located on the main floor. There is also a bonus room located over the 2-car garage. As with most bank owned homes, some areas may need some attention.
Vaulted ceilings and hardwood floors make the home feel large and airy
The master bathroom has a large soaking tub and double sink
3788 Lower Honoapi’ilani Rd, A-109, (MLS# 368540) is a 0 bed/1 bath at the Hale Royale complex. This is a 486 sq.ft. studio and is great as an investment or for a first-time homebuyer.
The Hale Royale complex is located directly across the street from the ocean and comes complete with a tennis court, hot tub, and 2 pools on the lushly landscaped grounds. The maintenance fees for A-109 are $391/month.
The ground floor unit also boasts a small private lanai
The unit is in original condition and is listed at just $236,250
All of the featured homes are vacant and are easy to see on short notice. Please remember that most distressed properties are sold in “As-Is” condition. This includes bank owned as well as short sales.