Spotlight on Aina Nalu: Market Update

Posted by Courtney Brown on Thursday, October 3rd, 2019 at 1:28pm.

Spotlight on Aina Nalu:

Market Update through September 30, 2019

Aina Nalu

The Pool at Aina Nalu is a calm oasis in the heart of historic Lahaina town

by Heidi Dollinger, R(S)

Located on 8.63 acres, Aina-Nalu is one of the few Airbnb vacation rentable communities right in Lahaina town, close to all the shopping and restaurants on Front St. in Lahaina, and close to Lahaina Harbor for whale-watching boat excursions, fishing, and sunset sails.  Aina-Nalu is located just a few blocks from the ocean, and a short drive to many of the most popular West Maui beaches. There is an infinity-edge saltwater pool and hot tub spa, and another smaller kidney-shaped pool, and several bbq areas with gas grills.  Amenities include a large open-air pavilion, and numerous cabanas and lounge chairs for relaxing and enjoying the tranquil grounds. Views of the West Maui mountains can be enjoyed from the pool area.

Completed in 2005, Aina-Nalu consists of 190 fee simple condominium residences. There are studios, 1-bedroom units, 2-bedroom 1 bath units, and 2-bedroom 2 bath units. In the last six months, there have been 15 total sales at Aina-Nalu, with prices ranging from $300,000 for a studio to $575,000 for a 2-bedroom, and sales in this time period have closed at a median price of $535,000.  There are currently 2 active listings at Aina-Nalu: I-101, a 2-bedroom 2 bath home on the first floor, listed at $575,000, and I-208, a 2-bedroom 2 bath second-floor unit, listed at $569,000.

Newly listed at the time of writing, is our listing, Aina-Nalu I-208.  This is a 2-bedroom 2-bath upper floor unit with 832 square feet, featuring high ceilings, and a private lanai.  I-208 is tastefully furnished with contemporary island-style décor and warm finishes and is being sold completely furnished and turn-key.  It has been managed by iTrip Maui and has received many excellent reviews.  Outrigger is the onsite rental management company at Aina-Nalu, and is an option for owners who are interested in being a part of the rental pool.

Aina Nalu Condominium Market Overview

Aina Nalu Condos for Sale: Active Listing

Active Listings 2
Low Price $569,000
High Price $575,000
Average List Price $572,000
Average LP/Sq. Ft. $682
Average DOM 18

Aina Nalu: Pending Sales

There are no pending listings at the time of this posting.

Aina Nalu: Sold Listings 2019 YTD 

Sold Listings 18
Volum YTD $8,643,500
Low Sales Price $285,000
High Sales Price $575,000
Average Sales Price $480,194
Average SP/Sq. Ft. $740
Average Days on Market 56

For more information about this listing, or other opportunities at Aina-Nalu in Lahaina, contact Heidi E Dollinger, R(S) 

Courtney M. Brown, R(S)
Vice President
Island Sotheby's International Realty

 

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