Overview of the Whaler
Situated on Ka’anapali Beach, The Whaler is a recently renovated premier condominium resort with exclusive amenities, including an oceanfront pool, a fitness center, and covered parking. Golfers have access to nearby championship courses, and shopping at Whalers Village caters to diverse preferences. Constructed in 1975, The Whaler features two 12-story towers with individually owned units offering picturesque views of the Pacific. From 543-square-foot studios to 1,444-square-foot two-bedroom residences, each unit includes a spacious lanai. With its enduring legacy, The Whaler provides a timeless escape on one of the world’s top-rated beaches.
Unit Configurations
The Whaler offers 360 luxurious units, including 120 studios ranging from 523-542 square feet, 48 one-bedroom, one-bathroom residences at 901 square feet, 192 one-bedroom, two-bath units sized between 901-941 square feet, and 48 two-bedroom, two-bath retreats measuring 1444 square feet. This expansive selection of residences caters to a variety of preferences, providing a range of spacious and well-designed options for those seeking the perfect beachfront living experience at The Whaler.
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
The location. It really doesn’t get any better than front-row Kaanapali Beach. You have a world-class sandy beach, clear blue water, and amenities all around you.
What We Could Do Without
I would say the only downfall which isn’t a huge deal would be the ceiling height. It would be nice to have a little more headroom.
North Kaanapali Beach
Onsite Amenities
- BBQ Area
- Swimming Pool
- Hot tub/Spa
- Recreation Area
- Cabana/Clubhouse
- Event/Meeting Room
- Fitness Center
- Tennis Courts
- Beach Access
- Shops/Restaurants
- Elevator
- Gated Community
- Security Building
- Security Guard
Nearby Amenities
The Whaler 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 The Whaler’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
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 the Whaler is H-2. As per Maui County Rules, long-term and vacation rentals are allowed.
Taxes
Taxes to consider when owning at the Whaler:
- 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:
Napili Bay
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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