Overview of Honua Kai
Honua Kai, a premier resort in Kaanapali, features two towers – the Hokulani and Konea. With over 600 units, the property ranges from studios to 3-bedroom villas, offering a luxurious oceanfront experience. On-site amenities include Duke’s, large lawn areas for activities, and convenience stores, complemented by multiple pools, slide, and a lazy river. The diverse floor plans cater to various preferences, ensuring a tailored and well-planned living experience in this beachfront haven on North Ka’anapali Beach.
Unit Configurations
Honua Kai consists of two towers, Hokulani on the south and Konea on the north. It offers a diverse range of condominium sizes, from studios and 1-bedroom units to 2-bedroom condos and lavish 3-bedroom villas.
Click on the links below to view the complete site plans for both towers and all floor plans for the Konea and Hokulani towers:
What We Love
Since the late ’70s development on Maui has been rare, that is what makes Maui, Maui. That being said, it is nice to have newer products when it comes to condition and aesthetics. Honua Kai is one of the newest short-term rental condo complexes on Maui. The grounds and architecture feel more like a hotel resort than a low-rise condo.
What We Could Do Without
If I had to search for something to do without, the only note is that the beach out front is not the best swimming beach. It’s fairly rocky with coral and urchins, however, if you walk down a hundred yards or so, it’s just fine.
Onsite Amenities
- BBQ Area
- Swimming Pool
- Hot tub/Spa
- Recreation Area
- Cabana/Clubhouse
- Fitness Center
- Beach Access
- Shops/Restaurants
- Elevator
- Gated Community
- Security Guard
Nearby Amenities
Honua Kai Sales Statistics
Please feel free to reach out directly for active listings, pending sales, specific sales data, current price opinions, or any other data.
The report below is real-time data sourced from the Realtors Association of Maui. The statistics include Honua Kai’s average sales price and average price per square foot. These graphs will update automatically with the most recent data.
Studio
1 Bedroom
2 Bedroom
3 Bedroom
Association information
For up-to-date information on Homeowner Association (HOA) fees and related matters, don’t hesitate to reach out via call or email.
Here are the association rules and information.
Primary Uses
Short-Term Vacation Rental
Maui vacation rental demand has consistently performed well throughout the years due to the desirability of being in a tropical setting yet still within the United States. During the peak winter season, Maui’s population can shift from the baseline resident population of 165K or so to over 300K people.
Historically, the typical vacation rental condo averages 75-80% occupancy; we have some clients and property managers that consistently keep their units 90%+ booked. High-end units may see lower occupancy than mid to low-end vacation rental units.
As a guide for our clients, we apply the 10% rule to help them identify properties with a gross annual income of 10%+ than their acquisition cost. An example would be a $1M property grossing $100k or more yearly. The net income to the seller would be based on how they operate the unit and the work they’re willing to do. Self-managed units net the highest income but also require the most work. Front desk management usually has the lowest income but less involvement and flexibility. Independent property managers are often the happy medium between excellent service and solid revenue. Please reach out if you’d like a proforma or rental projection for a particular unit. We’d love to help.
Long-Term Rental
Long-term rentals are considered six months or longer here in Maui. You avoid some operations costs such as cleaning, higher management fees, and higher tax rates; however, you are likely to get more income running your unit as a short-term vacation rental. Long-term rentals also offer less flexibility for owner stays.
Second Home
If your goal is not to maximize your ROI but to simply use the unit as you please, you can do so. You would pay the highest and best use for real property tax, but you would not be subject to the TAT and GET taxes (see below) associated with income-producing short-term units.
Owner Occupant
If Maui is where you want to call home, the owner-occupant is the one for you. If you spend 270 days out of the year on Maui and your unit is your primary residence, then you can apply for the Owner Occupant exemption (frequently asked questions)
Zoning
The zoning for Honua Kai is H-2,H-M,R-3. As per Maui County Rules, long-term and vacation rentals are allowed.
Taxes
Taxes to consider when owning at Honua Kai:
- Transient Accommodations Tax
- General Excise Tax
- Real Property Tax (This rate will change depending on your use. You may fall under short-term vacation rental, long-term rental, or the base zoning if your unit is an empty second home or owner-occupied.)
Weather
Helpful Weather Resources:
Why Tim Stice?
I love what I do and I’m here to offer my clients outstanding service. My team and I have seen almost every scenario imaginable (at least, we’d like to think). Through solution-based problem-solving, transparent communication, and unrivaled market knowledge, we have successfully navigated over a half billion in closed transactions. We care about our clients and are eager to earn the title of your real estate representative.
Give me a call or shoot me an email.
Tim Stice | 808.268.8511 | timstice@hawaiilife.com
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