1
Bed
1
Bath
655
Sq Ft
7
Acres
Highlights
- Ocean View
- Property is near an ocean
- 6.69 Acre Lot
- In Ground Pool
- Solar Power System
- Lanai
About This Home
As of October 2024Recent price adjustment on this CASH COW makes this THE ONE to jump on ($95k in revenue for 2023 and plenty of future bookings too). This beautiful air-conditioned, 1BR/1BA condo is just steps to the beach and HOTEL-ZONED to help ensure continued operations as a successful short-term vacation rental. It is located across the street from Kamaole II, one of the most well-known lifeguard-monitored beaches in all of Maui, boasting great snorkeling and swimming. This unit sits back on the property in building D where it is protected from road noise. It is fully air-conditioned with a quiet, dual system in the living room and bedroom; though you may find you don't need it thanks to the gentle flow of the trade winds. You and your guests will enjoy a fully stocked and upgraded chef's kitchen, comfortable queen-sized bed in the bedroom, a new queen-sized pull-out sofa in the living room, and an in-unit washer/dryer. The hard-to-find gas range pleases every chef in the family, and recent upgrades to the unit include the new sleeper sofa, television, dishwasher, and refrigerator. Also included are plenty of beach toys ensuring a fun day in the sun, like snorkeling gear, boogie boards, and beach chairs. After returning from the beach, you can relax on the lanai looking across the 6.9-acre tropical grounds to the crystal blue ocean as you sip your favorite beverage and reflect upon your day’s adventures. Kihei Akahi has all the resort amenities you’ll love, including a front office with 24-hour security, two pools, tennis/pickleball court, and gas BBQ grilling areas. It is close to shopping, restaurants, surfing, local food trucks; and within a short drive to the beauty and opulence of Wailea. This turnkey unit comes fully furnished, is attractively priced, and has everything you need for you and your guests to create treasured memories for a lifetime! Call your REALTOR® today for a private showing.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,117
Year Built
- Built in 1977
Parking
- 1 Open Parking Space
Interior Spaces
- 655 Sq Ft Home
- Furnished
- Ceiling Fan
- Drapes & Rods
- Blinds
- Storage
- Ocean Views
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- In Ground Pool
- Property is near an ocean
- Lanai
- Outdoor Grill
Schools
- Kamalii Elementary School
- Lokelani Intermediate
- Maui High School
Additional Features
- Stair Lift
- Solar Power System
- No Heating
Listing and Financial Details
- Assessor Parcel Number 2390200010165
Community Details
Overview
- Kihei Akahi Community
- Kihei Akahi Subdivision
Pet Policy
- No Pets Allowed
Security
- Security Guard
- Fire and Smoke Detector
Recreation
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2024
Closed on
Oct 1, 2024
Sold by
Walz James Thomas and Wal Laurie
Bought by
Patel Shilpan and Patel Charleskumar Bhikhabhai
Seller's Agent
Scott Catton
eXp Realty
Buyer's Agent
Michael Mulski
Pacific Image Properties
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%
Total Days on Market
70
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,830
Avg. Annual Appreciation
2.88%
Original Mortgage
$490,000
Outstanding Balance
$487,227
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$224,603
Purchase Details
Listed on
Apr 5, 2019
Closed on
Jul 9, 2019
Sold by
Rivera Marcelo R and Marcelo Rivera Revocable Trust
Bought by
Walz James Thomas and Walz Laurie Lynn
Seller's Agent
Michael Blaz
Maui Realty Associates
Buyer's Agent
Karen Williamson
Maui Earth Realty LLC
List Price
$459,000
Sold Price
$459,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%
Original Mortgage
$321,300
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 11, 2013
Sold by
Rivera Marcelo R and Rivera Luan B
Bought by
Rivera Marcelo R and The Marcelo Rivera Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.36%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 2004
Sold by
Shymanski Victor and Shymanski Delores Mae
Bought by
Rivera Marcelo R and Rivera Luan B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.35%
Mortgage Type
Unknown
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Fnt | |
| Deed | $459,000 | Or | |
| Deed | $1,000 | Or | |
| Deed | $280,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $490,000 | New Conventional | |
| Previous Owner | $310,500 | Credit Line Revolving | |
| Previous Owner | $321,300 | New Conventional | |
| Previous Owner | $195,000 | New Conventional | |
| Previous Owner | $224,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2024 10/17/24 | Sold | $700,000 | -7.8% | $1,069 / Sq Ft |
| 08/24/2024 08/24/24 | Pending | -- | -- | -- |
| 08/08/2024 08/08/24 | Price Changed | $759,000 | -2.6% | $1,159 / Sq Ft |
| 07/25/2024 07/25/24 | Price Changed | $779,000 | -2.5% | $1,189 / Sq Ft |
| 06/14/2024 06/14/24 | For Sale | $799,000 | +74.1% | $1,220 / Sq Ft |
| 08/06/2019 08/06/19 | Sold | $459,000 | 0.0% | $2 / Sq Ft |
| 06/16/2019 06/16/19 | Pending | -- | -- | -- |
| 06/12/2019 06/12/19 | For Sale | $459,000 | 0.0% | $2 / Sq Ft |
| 06/01/2019 06/01/19 | Pending | -- | -- | -- |
| 04/05/2019 04/05/19 | For Sale | $459,000 | -- | $2 / Sq Ft |
Source: Maui MLS (REALTORS® Association of Maui)
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 |
|---|---|---|---|---|
| 2024 | $9,484 | $758,700 | $96,300 | $662,400 |
| 2023 | $8,117 | $685,000 | $96,300 | $588,700 |
| 2022 | $5,259 | $443,800 | $30,600 | $413,200 |
| 2021 | $4,633 | $417,000 | $27,200 | $389,800 |
| 2020 | $4,715 | $425,500 | $27,200 | $398,300 |
| 2019 | $4,319 | $401,800 | $24,900 | $376,900 |
| 2018 | $3,182 | $342,900 | $22,700 | $320,200 |
| 2017 | $3,056 | $0 | $0 | $0 |
| 2016 | $3,030 | $347,900 | $21,600 | $326,300 |
| 2015 | $2,603 | $295,300 | $21,600 | $273,700 |
Source: Public Records
Source: Maui MLS (REALTORS® Association of Maui)
MLS Number: 402578
APN: 2-3-9-020-001-0165
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