Overview of Wailea Beach Villas
Wailea Beach Villas is situated on 10.7 acres of prime oceanfront land, creating one of the best condo experiences on Maui. Wailea Beach Villas sits directly in front of the Shops at Wailea making it convenient for dining, shopping, and groceries. The private infinity pool offers a tranquil retreat, and the famous Wailea Beach is located out front, ideal for sunbathing and water activities. Scenic beachfront trails are perfect for walks with ocean views. In the evening, you can explore neighboring resorts and dining options and return to the torch-lit exclusivity of your villa.
Unit Configurations
There are 99 units in Wailea Beach Villas. Here, you can choose from a 2-bedroom, 2-bathroom layout with interiors spanning 1,899 to 2,375 square feet or a 3-bedroom, 3-bathroom layout ranging from 1,961 to 2,934 square feet. Moreover, the spacious lanais come fully furnished and include a built-in Viking barbecue grill, perfect for entertaining.
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 About Wailea Beach Villas
Wailea Beach Villas is a top 10 condo resort on the island. It really checks all of the boxes, from finishes to location, Beach Villas is a top-tier option.
What We Could Do Without
This is not truly an “issue”, however, the complex is sandwiched between two of the largest hotels on island, so you do have noise and congestion on the beaches from that.
Onsite Amenities
- Beachfront infinity pool
- Jacuzzi
- Children’s pool
- Fitness center
- Business center
- 24-hour gated security
Nearby Amenities
The Wailea Beach Villas Sales Statistics
Please feel free to reach out directly for active listings, pending sales, specific sales data, or current price opinions.
The report below is real-time data sourced from the Realtors Association of Maui. The statistics include Wailea Beach Villas’ average sales price and average price per square foot. These graphs will update automatically with the most recent data.
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. (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 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)
South Maui Map
Zoning
The zoning for The Wailea Beach Villas is H, H-1 , H-2, BR. As per Maui County Rules, short-term and long-term rentals are allowed.
Taxes
Taxes to consider when owning at the Wailea Beach Villas:
- 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 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:
Molokini Crater
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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