$900,000
SOLD APR 11, 2025

Kihei Ali'i Kai 2387 S Kihei Rd Unit B402 Kihei, HI 96753

1 Bed
1 Bath
700 Sq Ft
3.78 Acres

Recently Sold

$1,286 Per Sq Ft

12 Days on Market

Highlights

  • Heated In Ground Pool
  • Property is near an ocean
  • 3.78 Acre Lot
  • Sauna
  • Solar Power System
  • Mountain View

About This Home

As of April 2025

This Hotel-Zoned vacation rental is a highly sought-after penthouse loft-style unit in the rare front-row quadrant—one of only four in the Kihei Alii Kai Condo Complex in South Kihei, Maui. Adding to its convenience, the closest elevator from the parking lot is steps from your front door. Recently upgraded, the unit features a 2024 totally remodeled kitchen with new appliances, remodeled bathroom, professionally installed UV protection on floor-to-ceiling windows and on the lanai an electronic retractable awning with wind sensors. Fully furnished, it’s move-in or rental-ready. The expansive 150 sq. ft. lanai offers breathtaking ocean and mountain views, perfect for sunset watching, whale spotting, or simply enjoying the ocean breeze. The complex offers resort-style amenities, including a large heated pool, sauna, hot tub, pickleball courts, barbecue area, and paddleboard storage, making it an ideal getaway for both investors and those seeking a laidback island lifestyle. Located in the heart of South Kihei, this unit is just steps from Kamaole Beach I, top restaurants, and shopping. The unit’s plumbing upgrade is complete, and the complex is in the final stages of a major plumbing project, ensuring peace of mind. Don’t miss out on this rare opportunity—schedule your showing today! Easy to show anytime. Not on the Minatoya list.

Last Agent to Sell the Property

Sara Romvari

Romvari Realty Ltd License #RS-58685 Listed on: 02/17/2025

Last Buyer's Agent

Leslie Smith

Hawaii Life (W) License #RS-42147

Hawaii Life (W)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,833

Year Built

  • Built in 1979

Home Design

  • Slab Foundation
  • Asphalt Shingled Roof
  • Concrete Block And Stucco Construction
  • Tile

Interior Spaces

  • 700 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Sauna

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Solar Power System

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Property is near an ocean
  • Lanai
  • Outdoor Grill

Schools

  • Kamalii Elementary School
  • Lokelani Intermediate
  • Maui High School

Utilities

  • No Heating
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2390200160058

Community Details

Overview

  • High-Rise Condominium
  • Kihei Alii Kai Community
  • Kihei Alii Kai Subdivision

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Recreation

  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,833

Year Built

Built in 1979

Lot Details

0

Listing Details

  • View: Mountain/Ocean
  • Year Built: 1979
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • PoolFeatures: Heated, In Ground
  • SecurityFeatures: Smoke/Heat Detector
  • Subdivision Name: Kihei Alii Kai
  • Carport Y N: No
  • Fireplace: No
  • Garage Yn: No
  • Interior Features: Ceiling Fan(s), Furnished, Inventory, TV Cable, Sauna
  • LivingArea: 700
  • Green Power: Solar
  • Property Attached Yn: Yes
  • Roof: Asphalt/Comp Shingle
  • Structure Type: High-Rise 4+ Stories
  • WindowFeatures: Blinds, Drapes
  • Master Plan Zoning: H-M
  • Financial Info Electric: Underground
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: Spa/Hot Tub
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 1

Exterior Features

  • Acres: 3.78
  • View: Yes
  • Waterfront Features: Across Street from Ocean
  • Waterfront: No
  • Disclosures: Non-Resident Alien Owner
  • Home Warranty: No
  • Construction Type: Hollow Tile, Concrete
  • Exterior Features: Barbecue, Tennis Court(s)
  • Foundation Details: Concrete Slab
  • Patio And Porch Features: Uncovered Lanai/Deck

Utilities

  • Sewer: Public Sewer
  • HeatingYN: No
  • Utilities: Sewer Connected, Phone Connected, Cable Connected
  • Water Source: Public

Schools

  • Elementary School: Kamalii Elementary
  • High School: Maui High
  • Middle Or Junior School: Lokelani Intermediate

Lot Info

  • Lot Size Sq Ft: 164657
  • ResoLotSizeUnits: Acres
  • Parcel #: 2390200160058
  • Zoning Description: Hotel District
  • ResoLotSizeUnits: Acres

Green Features

Rental Info

  • Pets Allowed: No
  • Lease Term: Short Term Lease

Multi Family

  • Building Area Units: Square Feet

Tax Info

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2025
Closed on
Apr 4, 2025
Sold by
Varcoe Terrence Brenton
Bought by
He And Koehler Revocable Living Trust and He
Seller's Agent
Sara Romvari
Romvari Realty Ltd
Buyer's Agent
Leslie Smith
Hawaii Life (W)
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Views
18
Current Estimated Value
$879,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,124
Avg. Annual Appreciation
-6.33%
Original Mortgage
$463,000
Outstanding Balance
$462,648
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$418,718
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fntic
Warranty Deed -- Fntic
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $463,000 New Conventional
Closed $463,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Sold $900,000 +0.1% $1,286 / Sq Ft
03/01/2025 03/01/25 Pending -- -- --
02/17/2025 02/17/25 For Sale $899,000 -- $1,284 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,833 $780,500 $93,500 $687,000
2024 $10,833 $866,600 $93,500 $773,100
2023 $8,205 $692,400 $93,500 $598,900
2022 $5,381 $454,100 $29,700 $424,400
2021 $5,346 $481,200 $26,400 $454,800
2020 $2,447 $449,000 $26,400 $422,600
2019 $2,511 $397,900 $24,200 $373,700
2018 $2,395 $379,500 $24,700 $354,800
2017 $2,386 $0 $0 $0
2016 $262 $436,700 $23,500 $413,200
2015 $2,335 $360,200 $23,500 $336,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 404991

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-020-016-0058