Kapalua Ridge Villas: An Incredible Offering

Perched overlooking the Pacific Ocean and Oneloa Bay, the Kapalua Ridge Villas are known for their incredible views. Uniquely positioned in the heart of the resort, the Bay Course wraps around the Ridge Villas, providing a feeling of open space and enhancing the views. These spacious one and two bedroom condominium residences are sought after for both primary residents and second homeowners who wish to rent when not in residence.

Kapalua Ridge Villas 1521: New Price

One Bedroom/Two Baths, now offered at $920,000

Kapalua Ridge Villa 1521: the view 

The owners of this stunning one bedroom villa spared no expense in it's renovation.  As the Ridge Villas were built in 1981, the owners worked

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Alaeloa: Short Term Rental Update

Alaeloa is one of Maui's best kept secrets.  This secluded, gated community of just 42 residences is nestled along West Maui's shore complete with a mango grove and oceanfront pool. Built in 1964, this charming enclave of cottages and duplexes in a residential community, has been called the "Pebble Beach of the Pacific" and has been a much loved vacation destination over the years.  

Maui County defines anything under 180 days as a short term or a transient vacation rental, which is typically not permitted in Residential Districts. Enter the recent question of vacation rentals at Alaeloa:

Maui County Code allows for TVR's in residentially zoned planned developments consisting solely of duplexes or

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Maui County Vacation Rentals

Many prospective buyers of Maui real estate as a second home or residence often will ask about Short Term Rentals. After all, Maui is an idyllic spot and while most owners would like to spend all of their time here, obligations at home often limit their use of the property.

WHAT IS A SHORT TERM OR VACATION RENTAL?*

Maui County defines short term or what are commonly known as "vacation" rentals as anything less than 180 days, with rentals under 180 days allowed on properties located within what is defined as the Hotel District.

Many condominiums and subdivisions zoned in the Apartment, Agricultural or Residential districts, had rules and guidelines allowing short term rentals in their governing CC&R's

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The Kaanapali Alii: New Listing and Market Update

The Kaanapali Alii has long been one of Kaanapali's most sought after spots: these spacious condominium residences are situated on the beach in the heart of Kaanapali, close to shops and dining at Whaler's Village and golf at Kaanapali, along with onsite amenities including tennis, a beachfront BBQ pavilion, fitness center, spa and new pool gardens.

Kaanapali Alii 4-1002

Kaanapali Alii 4-1002 Lanai

This one bedroom two bath floor plan features a den, which is utilized as a second sleeping area.  Located on the 10th floor overlooking the tropically landscaped courtyard, 4-1002 is perfectly situated to take advantage of incredible beach and outer island views.  

Kaanapali Alii 4-1002

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The Ritz-Carlton, Kapalua has sold to a joint venture between Ares Management, SMW Hospitality (Square Mile Capital Management and Wafra Investment Advisory Group) and Trinity Investments.

A BRIEF HISTORICAL OVERVIEW OF THE RITZ-CARLTON, KAPALUA

The Ritz-Carlton Kapalua property is comprised of 297 hotel guest rooms and 107 private condominium residences, situated on approximately 49 acres in the heart of the Kapalua Resort in West Maui.  

Back in 2007, the Ritz-Carlton, Kapalua underwent an extensive renovation.  As a part of the renovation, the North (Honolua Side) Wing was converted from hotel rooms to one and two bedroom condominiums known as the Residential Suites at the Ritz-Carlton, Kapalua.  Sales began in 2008, and 34 condominiums

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As many of the buyers of Maui real estate purchasing the property as a second home, the way property taxes are assessed here may differ from how properties are assessed in their home state or county.  

Each Year, Maui County will assess both property values and establish new rates.  The 2016-2017 rates follow below:

 

While the county assess rates on a /$1000 basis, when coming up with figures, I find it easiest to use $1M.  For example, if buying a condominium that will be rented as a vacation rental, it would fall under the Hotel & Resort category, which is $8.71/$1000.  If you are buying a property assessed by the county at $1,000,000, it would be $8,710/year.  If the property is $500,000, it would be half that, or $4,355.  The following

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Kapalua Golf Villa 26T8

This spectacular one-bedroom townhouse villa is situated overlooking Kapalua's Bay Course with views to the Pacific Ocean and the channel between the islands of Lanai and Molokai.

Owners in Kapalua may apply for membership in the Kapalua Club, which offers an array of benefits to its members.  Currently, a club membership allows use of the Spa Montage, the Beach Club at Montage Residences Kapalua Bay, and special rates for golf and tennis.

The Kapalua Golf Villas are centrally located within the Kapalua Resort, close to shops, restaurants and beaches.  For more information on any Kapalua properties, contact Courtney.

Maui Real Estate Market Spotlight |  West Maui Oceanfront Homes
Olowalu to Kapalua

West Maui, which stretches from Olowalu to Kapalua, naturally has a very limited number of oceanfront homes unlike other coastal areas of the island.  A majority of the oceanfront homes here are on rocky beaches or points, and only a handful are located on the beaches in Olowalu, Lahaina, Kaanapali, Kahana, Napili and Kapalua.  

Maui Oceanfront Homes:

West Maui Oceanfront and Beachfront Homes | Market Overview
Active Listings: 4
Price Range: $9,895,000 to $20,000,000  
Average List Price: $15,646,250
Average Days on Market: 393
Average LP $/Sq. Ft.: $2,807

Pending Sales: 2
Price Range: $5,850,000 to $12,800,000
Average List Price: $9,325,000
Average Days on

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The Montage Residences Kapalua Bay

Since opening to the public in 2014, the Montage Kapalua Bay Hotel and Residences has been gathering some of the hospitality industry's most coveted awards and accolades.  In 2016 it was awarded 5-stars by Forbes, and named the #1 Best Resort Hotels in Hawaii and #4 Best Hotels in the World by Travel and Leisure.  The Spa Montage (Conde Nasté Reader's Choice Awards, 2015 20 Best Spas) and its flagship restaurant, Cane & Canoe (Maui No Ka Oi Magazine, Best Innovative Menu, 2016 and Best New Restaurant, 2015) have also been recognized.

With a focus on five star service and amenities, and its incredible setting, it's no surprise the private residences are also proving to be very desirable purchases, setting record

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Kapalua Residential Real Estate Market Update

The Kapalua Resort offers many real estate ownership options to prospective buyers--everything from condos to homes, and even fractional ownership Residences at Kapalua Bay.  The following is a market overview for each market segment during the time period through today's posting.

Kapalua Homes:

Pineapple Hill and Pineapple Hill Estates
Active Listings: 12
Price Range: $2,150,000 to $6,300,000
Average List Price: $3,537,791
Average LP/Sq. Ft.: $821
Average DOM: 258
Size Range: 3,522 sq. ft. to 8,172 sq. ft.

Pending Sales: 0

Sales 2016 YTD: 6
Price Range: $2,150,000 to $2,700,000
Average Sales Price: $2,353,333
Average SP/Sq. Ft.: $670
Average DOM: 275

Sales 2015 YTD: 7
Price Range: $1,975,000 to

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