Overview of Maui Kamaole
Set on a hilltop on the picturesque south end of Kihei, Maui Kamaole Resort is located across from Kamaole Beach III and the Kihei Boat Ramp. The one-bedroom units are conveniently situated on the ground floor, opening up to nicely landscaped grounds, while the two-bedroom units are located on the second floor, offering an overlook of the property.
Though nestled in South Kihei, Maui Kamaole is strategically set back from the daily hustle, giving a feel of a remote resort where relaxation takes center stage. A short stroll leads to the Kihei boat ramp and Kamaole Beach III, and a brief drive connects you to the shopping and dining delights in Kihei and Wailea. Nearby, you’ll find restaurants, beach volleyball, shopping, and four of Maui’s best beaches. Maui Kamaole caters to condo buyers looking for quiet relaxation without compromising on convenience and luxury.
Unit Configurations
The one- and two-bedroom condos in Maui Kamaole are spread over 23 acres of tropical grounds, with most offering close-in ocean views. There are 158 units with one-bedroom and two-baths ranging from 849 to 1,053 square feet and 158 units with two-bedrooms and two-baths ranging from 1,039 to 1,244 square feet.
The floor plan below is not to scale or guaranteed. Individual owner modifications may result in differences. For unit-specific confirmation, please feel free to reach out.
What We Love
Maui Kamaolie offers a sense of space. With the building height topping out at 2 floors, you don’t have the high-rise resort feel that many complexes have. The sprawling 23-acre property gives you room to meander the property and enjoy the tropical grounds.
What We Could Do Without
Maui Kamaole is really well done, so it’s hard to find a negative. If there was one thing (this could go for many Maui condos), it would be that the exterior of the building would be hard (and very costly) to update and modernize.
Onsite Amenities
- Pool
- Spa
- Tennis Courts
- BBQ Area
- Beach Access
Nearby Amenities
Some of the most well-known Maui golf courses are only around the corner. If shopping is your favorite pastime, The Shops at Wailea’s offers extensive options. Not to mention the proximity to some of the world’s most magnificent beaches (Big Beach, Little Beach, and Keawakapu Beach).
Maui Kamaole 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 Maui Kamaole’s average sales price and average price per square foot. These graphs will update automatically with the most recent data.
1 Bedroom
2 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. (This information is prone to regular updates and changes.)
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 you 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 Maui Kamaole is A-1. As per Maui County Rules, both long-term and vacation rentals are allowed.
Taxes
Taxes to consider when owning at Maui Kamaole:
- 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. Resident owner occupants that spend 270 days or more here a year also receives the home exemption tax break.
Weather
Helpful Weather Resources:
Sunset in Kihei
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
Ric Ferry
September 14, 2023
Budget 500k