Maui Real Estate & Lifestyle News

Maui Travel Information, June 25, 2020

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 25 Jun 2020 14:30:00 -1000

Updated July 13, 2020 In response to COVID-19, the State of Hawaii implemented a 14-day quarantine for travelers which remains in effect until July 31, 2020. June 16, 2020: As Hawaii flattened the curve, the state lifted the quarantine for interisland travel for residents and visitors who have completed the 14 day quarantine. The state implemented thermal screening and a stronger contact-tracing program. Travelers are required to complete a new interisland travel form, which must be provided prior to travel--anyone who has not submitted the form or has a temperature above 100.4 degrees will not be allowed to fly. For the forms and more information visit:https://health.hawaii.gov/travel/ September 1, 2020: In the wake of growing concerns about the economic impact of reduced tourism, Governor Ige announced new travel protocols that will take effect on September 1, 2020. Travelers who are coming from out of state who receive a valid negative PRC diagnostic test within 72 hours of their trip to Hawaii will not be subject to the 14-day mandatory quarantine. Travelers who do not obtain the test will be subject to the quarantine. Read More Watch Lt. Governor Josh Green's Facebook Video FAQ Short Term Rentals & Transient Accommodation Rentals (TVR's): TVRs are allowed to take reservations now TVRs may potentially rent to inter-island travelers, residents and guests not subject to the 14-day quarantine, such as out of state visitors who have completed their quarantine at a hotel/motel. Host Liability: TVR owners who rent to individuals subject to the 14-day quarantine may be subject enforcement, and, if convicted, could face up to one year of jail time and a fine of up to $5,000. Hotels and motels will continue to be allowed to house out of state visitors subject to the 14-day quarantine. This also includes certain condo-hotels and timeshares, which operate similarly to hotels and have the ability to effectively monitor quarantine requirements (i.e. front desk, housekeeping and other full-time staff, etc.). The State is compiling a list of hotels and hotel-like properties. The State continues to ask that visitors to the islands be thoughtful and make an effort to keep our island community safe. Practicing social distancing and wearing facial coverings are a few of the ways you can help our island community. The information above is subject to change. For those planning a trip to the islands, the following resources may be helpful to you: Travel Information and Interisland Travel Forms: https://health.hawaii.gov/travel/ Safe Travels: https://safetravels.hawaii.gov/ Hawaii Department of Transportation: https://hidot.hawaii.gov/coronavirus/ Maui County Covid-19 Updates: https://www.mauicounty.gov/2370/COVID-19-Coronavirus-Information Maui Now News Network: https://mauinow.com/category/coronavirus/ State of Hawaii Covid-19 Website: https://hawaiicovid19.com/

Market Spotlight: Lahaina Shores

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 15 Jun 2020 13:49:00 -1000

Market Spotlight and New Listing: Lahaina Shores by Heidi Dollinger, R(S) Lahaina Shores is a distinctive architectural landmark on the West Maui shoreline. This elegant seven-story building with a double colonnade entrance is the only directly beachfront condo resort in Lahaina. Situated between the Pacific Ocean and the verdant backdrop of the West Maui mountains, Lahaina Shores consists of 199 units made up of studios, 1-bedroom units, and penthouse units. Amenities include an oceanfront pool, whirlpool spa, and front desk. Condominium units are individually owned, and owners can be a part of the onsite vacation rental management program operated by Destination Hotels, or vacation-rent their units through a private management program of their choice. With close proximity to Front Street and access to shopping, art galleries, dining, Lahaina Harbor, and Lahaina’s central visitor and business hub, Lahaina Shores is also ideal for a full-time residence or a Maui pied-a-terre. Lahaina Shores Property Features Beachfront Central Air-Conditioning Swimming Pool Whirlpool Spa Garage Parking Lahaina Shores is Great For: Swimming Snorkeling Shopping & Dining Whale-watching Watching sunsets Sales in the last twelve months at Lahaina Shores have ranged from $380,000 for a mountain-view studio to $1,150,000 for a penthouse unit. The most recent closing was Unit 313, a direct ocean view studio with 483 square feet, which closed at $685,000 on May 12, 2020. Iconic Beachfront – Featuring Lahaina Shores Unit 202 listing Courtesy of Heidi Dollinger, R(S)Lahaina Shores 202 Video Lahaina Shores 202 is a large 1-bedroom unit located on the south corner of the building. It features 923 square feet, has ocean and mountain views, and two lanais. Being a corner unit, there is added natural light, and there is lots of storage space including a walk-in closet. Offered at $645,000, this the very best price per square foot offering at Lahaina Shores and offers exceptional value for the next owner. Watch the moon rising over the West Maui mountains, or boats sailing into the harbor and relax in your Maui retreat. More information at www.LahainaShores202.com Lahaina Shores: Recent Condo Sales Unit List Price Status Sold Price Beds Baths Liv A SF View Closing Date 312 $360,000 ACTIVE 0 1.00 483 Mountain 520 $370,000 ACTIVE 0 1.00 483 Mountain 226 $390,000 ACTIVE 0 1.00 483 Mountain 224 $395,000 ACTIVE 0 1.00 483 Mountain 222 $395,000 ACTIVE 0 1.00 483 Mountain 406 $405,000 ACTIVE 0 1.00 483 Mountain 508 $415,000 ACTIVE 0 1.00 483 Mountain 202 $645,000 ACTIVE 1 1.00 923 Mountain/Ocean 525 $650,000 ACTIVE 0 1.00 483 Ocean 302 $795,000 ACTIVE 1 1.00 923 Mountain/Ocean 121 $950,000 ACTIVE 1 2.00 910 Ocean 428 $350,000 PENDING 0 1.00 483 Mountain 419 $689,000 SOLD $680,000 0 1.00 483 Ocean 9/20/2019 228 $385,000 SOLD $380,000 0 1.00 483 Mountain 12/19/2019 416 $417,500 SOLD $397,000 0 1.00 483 Mountain 1/31/2020 528 $429,000 SOLD $415,000 0 1.00 483 Mountain 2/7/2020 PH5 $1,250,000 SOLD $1,150,000 1 2.00 1,050 Ocean 3/27/2020 313 $689,000 SOLD $685,000 0 1.00 483 Ocean 5/12/2020

Maui County: Are short term rentals allowed to operate during the 14 day Quarantine?

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 15 Jun 2020 11:38:00 -1000

In response to COVID-19, the State of Hawaii implemented a 14-day quarantine for travelers. Initially, this included those traveling interisland, as well as those arriving to the state both internationally and from the mainland US. As the number of cases has dropped within the state, the government lifted the interisland quarantine starting on June 16, 2020. The quarantine remains in effect for mainland/international travelers to the state until July 31, 2020. The state requires intersisland travelers to complete and submit a has a new travel form. This must be provided prior to travel--anyone who has not submitted the form or has a temperature above 100.4 degrees will not be allowed to fly. For the forms and more information visit:https://health.hawaii.gov/travel/ Q: "Are short term rentals allowed to operate?" A: Transient Vacation Rentals (TVRs, which include B&B's, condo units that are zoned hotel or are on the short term occupancy list, and Short Term Rental Homes) will be allowed to operate starting Tuesday, June 16, 2020, but can only accommodate persons not subject to the 14-day quarantine. TVRs are allowed to take reservations now, but renters will not be able to begin their stay until June 16, 2020. TVRs may potentially rent to inter-island travelers, residents and guests not subject to the 14-day quarantine, such as out of state visitors who have completed their quarantine at a hotel/motel. Host Liability: TVR owners who rent to individuals subject to the 14-day quarantine may be subject enforcement, and, if convicted, could face up to one year of jail time and a fine of up to $5,000. Hotels and motels will continue to be allowed to house out of state visitors subject to the 14-day quarantine. This also includes certain condo-hotels and timeshares, which operate similarly to hotels and have the ability to effectively monitor quarantine requirements (i.e. front desk, housekeeping and other full-time staff, etc.). The State is compiling a list of hotels and hotel-like properties. The State continues to ask that visitors to the islands be thoughtful and vigilant in keeping our island community safe. Practicing social distancing and wearing facial coverings are a few of the ways you can help our island community. For those planning a trip to the islands, the following resources may be helpful to you: Travel Information and Interisland Travel Forms: https://health.hawaii.gov/travel/ Safe Travels: https://safetravels.hawaii.gov/ Hawaii Department of Transportation: https://hidot.hawaii.gov/coronavirus/ Maui County Covid-19 Updates: https://www.mauicounty.gov/2370/COVID-19-Coronavirus-Information Maui Now News Network: https://mauinow.com/category/coronavirus/ State of Hawaii Covid-19 Website: https://hawaiicovid19.com/ The information above comes from the Maui County Press Conference and COVID-19 Update June 12, 2020 and is subject to change.

Maui Property Tax Rates 2020-2021

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 08 Jun 2020 19:08:00 -1000

Maui Property Tax Rates 2020-2021 Note: This article was updated on July 1, 2020 The Maui County Council approved the new property tax rates for the July 1, 2020-June 30, 2021 Fiscal Year. Traditionally, the lowest tax rate is for Homeowner, where this is their declared primary residence. The highest tax rate remains the Time Share Classification. Maui County assesses taxes based on the tax rate (usage/zoning) multiplied by the assessed value of the property. The county assesses values each year based on the sales in the prior fiscal year. Therefore, the assessed value will seldom line up with current market conditions. For example, the 2020 rates were based on sales of similar properties from July 1, 2018 to June 30, 2019. This is the first year the county has implemented Tiers for Owner Occupied Properties, Non-Owner Occupied Residential and Commercial Properties. This also marks the second year the county has added the category of Short Term Rental for those condominiums that are rented for a period of time less than 180 days. Read More on Maui Short Term Rentals. Maui County Property Tax Rates 2020-2021 vs Prior Years Rates are per $1000 of assessed value Classification 2020 2019 2018 2017 2016 2015 Owner Occupied $2.510-2.61 $2.90 $2.85 $2.86 $2.70 $2.78 Tier 1 (<$800,000) $2.51 Tier 2 ($800,001-$1,500,000) $2.56 Tier 3 ($1,500,001>) $2.61 Non-Owner Occupied $5.45-6.90 $5.60 $5.52 $5.54 $5.30 $5.40 Tier 1 (<$800,000) $5.45 Tier 2 ($800,001-$1,500,000) $6.05 Tier 3 ($1,500,001>) $6.90 Commercialized Residential $4.40 $4.60 $4.55 $4.56 $4.35 $4.35 Apartment $5.55 $6.31 $6.31 $6.32 $6.00 $6.00 Short Term Rental $11.08 $10.75 $9.28 NA NA NA Hotel & Resort $10.70 $11.00 $9.37 $9.37 $8.71 $8.85 Commercial (all three tiers) $6.29 $7.39 $7.25 $7.28 $6.60 $6.60 Agricultural $5.94 $5.94 $6.00 $6.01 $5.80 $5.90 Industrial $7.20 $7.48 $7.45 $7.49 $6.69 $6.85 Conservation $6.43 $6.43 $6.35 $6.37 $5.80 $5.90 Timeshare $14.40 $14.40 $15.41 $15.43 $14.31 $14.55 How do you calculate your property taxes given the new tiered system? Fidelity National Title put together this helpful video. If you'd like the excel worksheet that they created, please contact me. Maui Property Taxes: how have they changed? 2020 vs. 2019 Owner Occupied. The rates went down across all three tiers. Tier 1 (-13), Tier 2 (-12), Tier 3 (-10) Non Owner Occupied. The rate decreased for Tier 1 (-3), but increased for Tier 2 (+8) and Tier 3 (+23) Commercialized Residential: -4 Apartment: -2 Short Term Rental: +3 Hotel & Resort: -3 Commercial (all three Tiers): -15 Industrial:-4 Agriculture, Conservation and Timeshare: No Change 0 Keep in mind that the rate is just part of the equation. While the rate may have gone down, the assessed value may have gone up. In this scenario, there may be little change to the total amount of property taxes due from 2019. Looking back over the past 5 years, the county has decreased the property tax rates for homeowners and apartment owners. The largest increases have been to Short Term Rentals, Hotels & Resorts, and second homeowners. What do Maui County Classifications mean? Per the county website County of Maui details the classifications as follows: Owner-occupied – properties owned and occupied as a principal home and for which a home exemption was filed and granted. Non-owner-occupied - real property improved with a dwelling, as defined in the comprehensive zoning ordinance, that would not be classified as “owner-occupied”, “hotel and resort”, “timeshare”, “short-term rental”, “commercial”, “industrial” or “commercialized residential”. Commercialized Residential – real property that serves as the owner’s principal residence and has been granted bed and breakfast home permit, a short-term rental home permit, or a conditional permit allowing a transient vacation rental use. Apartment – multi-dwelling-unit improvements containing five or more dwellings that would not be classified as “short-term rental”. Short Term Rental – lodging or dwelling units occupied by transient tenants for periods of less than six consecutive months, including real property that does not serve as the owner’s principal residence and has been granted a short-term rental home permit or a conditional permit allowing transient vacation rental use without regard to its highest and best use and cannot qualify for a home exemption. Hotel and Resort – properties occupied by transient tenants for a period of less than six consecutive months, have eight or more lodging or dwelling units and employ more than twenty full-time persons. Time Share – real property that is subject to a timeshare plan as defined in section 514E-1, Hawaii Revised Statutes. No definitions were given for Commercial, Agricultural, Industrial, Conservation Important Dates DECEMBER 1: Condominium AOAO use declaration. It is important to fill this out, especially if you are NOT renting your unit out short term, otherwise, it will be assessed at the highest and best use. DECEMBER 31: Deadline for filing exemption claims and ownership documents that affect the tax year. FEBRUARY 20: Second half-year tax payment due. MARCH 15: Assessment notices mailed. APRIL 9: Deadline for filing appeals. AUGUST 20: First half-year tax payment due. Property is classified based upon its highest and best use. Properties receiving home exemptions, condominiums, permitted bed and breakfasts and permitted transient vacation rentals are exceptions. Condominiums are classified upon consideration of their actual use (Non-owner-occupied, Commercial, Short-term rental, Timeshare, Owner-occupied). For additional information, all dates to remember, and appeals information visit the Maui County website

Market Spotlight: Haleakala Gardens

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 08 Jun 2020 17:26:00 -1000

by Heidi Dollinger, R(S) Haleakala Gardens is one of the most popular residential condominium complexes in North Kihei. Located on Kulanihakoi St., its just a block from Kalepolepo Beach, You'll find the Pacific Whale Sanctuary, local canoe clubs, the Ko’ie’ie Loki I’a Fishpond, Safeway and Azeka Shopping Center close-by. It’s perfect for a long-term rental property, or a full-time or part-time residence. Haleakala Gardens was built in 1989 and has 164 units total on nearly nine acres of land spread throughout twenty separate 2-story buildings. There are studios, two-bedroom, and three-bedroom floor plans. Second-floor units feature vaulted ceilings. Sold prices in the last six months from the time of this post have been ranged from $292,500 for a studio to $455,000 for a three bedroom. Property Features A block to Kalepolepo Beach Pet Friendly Low HOA’s – range from approximately $289 - $485 a month depending on size of unit Clubhouse for use by owners Storage for SUP, surfboards, and kayaks available onsite through the HOA Owners are allowed to have BBQ’s NEW LISTINGS Newly listed, Haleakala Gardens 12G is an upper floor two-bedroom, two-bath unit with 883 square feet and comes with two parking spaces. It is offered at $390,000 and is a fee simple, full ownership property. There are garden views are overlooking the greenspace and grounds. Tour Haleakala Gardens 12G Virtually: Watch the Video Haleakala Gardens Listing Courtesy of Heidi Dollinger, R(S). Contact Heidi HALEAKALA GARDENS: CONDOS FOR SALE & RECENT SALES Unit List Price Status Sold Price Beds Baths Liv A SF Closing Date 7I $290,000 ACTIVE 0 1.00 528 12G $390,000 ACTIVE 2 2.00 883 20G $395,000 PENDING 2 2.00 883 2E $430,000 PENDING 3 2.00 932 3D $440,000 PENDING 3 2.00 932 14D $415,000 SOLD $410,000 3 2.00 932 6/21/2019 2E $387,000 SOLD $383,000 3 2.00 932 6/28/2019 20F $375,000 SOLD $375,000 2 2.00 886 7/18/2019 7A $325,000 SOLD $320,000 0 1.00 528 8/5/2019 12E $465,000 SOLD $450,000 3 2.00 932 8/30/2019 3F $415,000 SOLD $412,500 2 2.00 883 10/18/2019 7B $299,000 SOLD $299,500 0 1.00 707 10/21/2019 7L $315,000 SOLD $315,000 0 1.00 528 10/25/2019 4E $449,000 SOLD $447,000 3 2.00 932 12/5/2019 14B $325,000 SOLD $335,000 2 2.00 883 12/13/2019 15E $435,000 SOLD $429,000 3 2.00 932 12/30/2019 11H $439,000 SOLD $439,000 3 2.00 932 1/24/2020 7F $344,900 SOLD $332,500 0 1.00 528 1/31/2020 7K $299,900 SOLD $292,500 0 1.00 528 2/13/2020 16D $465,000 SOLD $455,000 3 2.00 932 4/16/2020 14F $332,500 SOLD $335,000 2 2.00 883 4/23/2020

Maui Market Spotlight: the Kulakane

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 04 Jun 2020 16:03:00 -1000

Market Spotlight: The Kulakane by Heidi Dollinger, R(S) The Kulakane is an oceanfront resort with 42 units, located at 3741 Lower Honoapiilani Rd. on the border of the Honokowai and Mahinahina neighborhoods, close the Honokowai Farmer’s Market and shopping, just north of Kaanapali, about 5 miles north of Lahaina town. The distinctive shingle style architecture and twinkling curbside appeal evokes an exotic and quaint, yet warm hospitality as you rewind time and step into an easier way of being, embraced by the temperate air and gentle trade winds. Amenities include a “half-moon” plunge pool, barbeque grills, and onsite laundry. Long-time owners and visitors gather at sunset for the traditional conch shell ritual, and can participate in “Pupu Parties” on Friday nights. On-site vacation rental management is available and is managed by Debbie Reynolds, who has been at The Kulakane for the past nine years. Owners have the option of renting their units for short-term vacation rentals through the on-site office, or through a rental management program of their choice. Owners and guests comment that “staying at The Kulakane feels like coming home.” Area Beaches Honokowai Beach Park Ka’anapali Beach S-Turns (Pohaku Park) Napili Bay Beach Kapalua Bay Great For Viewing sea turtles Whale-watching in the winter months Watching Sunsets Ocean activities – snorkeling, surfing, paddling, kayaking, sunbathing Climate The temperature in the area typically varies from 65°F to 87°F and is rarely below 60°F or above 89°F (weatherspark.com) The Kulakane Condos for Sale: Active Listings Kulakane 106 (NEW) is a direct oceanfront fee simple first floor 1-bedroom unit, and is the most attractively priced offering in this complex in many years. It has slate tile flooring and designer paint colors, and is being sold furnished and move-in ready. Offered at $435,000. Kulakane 207, a 1-bedroom, offered at $575,000 Kulakane 301, a large south-facing corner 2-bedroom unit, offered at $850,000. Kulakane 106: Oceanfront Living on Maui listed by Heidi Dollinger, R(S) The Kulakane: Recent Sales There have been two sales at the Kulakane in 2020 – Kulakane 303, which closed at $670,000, and Kulakane 202, which closed at $445,000. Unit Status Sold Price Beds Baths Liv A SF Closing Date 303 SOLD $670,000.00 2 2.00 858 2/3/2020 202 SOLD $445,000.00 1 1.00 568 4/6/2020