NOT LISTED FOR SALE

2531 S Kihei Rd Unit D205 Kihei, HI 96753

Estimated Value: $628,911 - $696,000

1 Bed
1 Bath
655 Sq Ft
6.69 Acres

Last Sold October 17, 2024

Last sale price $700,000 $1,069 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,275/month

70 Days on Market

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 2024

Recent 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.

Last Agent to Sell the Property

Scott Catton

eXp Realty License #RS-85460 Listed on: 06/13/2024

eXp Realty

Last Buyer's Agent

Michael Mulski

Pacific Image Properties License #RS-84281

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,117

Year Built

  • Built in 1977

Lot Details

  • 6.69

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,117

Year Built

Built in 1977

Lot Details

0

Listing Details

  • View: Ocean
  • Year Built: 1977
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • PoolFeatures: In Ground
  • SecurityFeatures: Smoke/Heat Detector, Security Guard
  • Subdivision Name: Kihei Akahi
  • Accessibility Features: Stair Lift or Elevator
  • Carport Y N: No
  • Fireplace: No
  • Garage Yn: No
  • Interior Features: Ceiling Fan(s), Furnished, Kitchen Ware, Linens, Extra Storage
  • LivingArea: 655
  • Green Power: Solar
  • Property Attached Yn: Yes
  • WindowFeatures: Blinds, Drapes
  • Tax Year: 2023
  • Master Plan Zoning: H-1
  • Financial Info Electric: Overhead Electricity
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 1

Exterior Features

  • Acres: 6.69
  • View: Yes
  • Waterfront Features: Across Street from Ocean
  • Waterfront: No
  • Home Warranty: No
  • Exterior Features: Barbecue, Tennis Court(s)
  • Patio And Porch Features: Covered Lanai/Deck

Garage/Parking

  • Open Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Sewer: Public Sewer
  • HeatingYN: No
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Size Sq Ft: 291416
  • ResoLotSizeUnits: Acres
  • Parcel #: 2390200010165
  • 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

  • Tax Annual Amount: 8117.28

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%
Views
6
Current Estimated Value
$664,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,522
Avg. Annual Appreciation
-5.07%
Original Mortgage
$490,000
Outstanding Balance
$484,849
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$179,629

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
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patel Shilpan -- Fnt
Walz James Thomas $459,000 Or
Rivera Marcelo R $1,000 Or
Rivera Marcelo R $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Shilpan $490,000
Previous Owner Walz James Thomas $321,300
Previous Owner Rivera Marcelo R $195,000
Previous Owner Rivera Marcelo R $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 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 $9,484 $767,400 $96,300 $671,100
2024 $9,484 $758,700 $96,300 $662,400
2023 $5,259 $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

Agents Affiliated with this Home

  • Scott Catton

    Seller's Agent in 2024

    Scott Catton

    eXp Realty

    (808) 269-8633

    9 in this area

    15 Total Sales

    Scott Catton
    Section Image
  • Michael Mulski

    Buyer's Agent in 2024

    Michael Mulski

    Pacific Image Properties

    (808) 758-9200

    15 in this area

    21 Total Sales

    Michael Mulski
    Section Image

  • M

    Seller's Agent in 2019

    Michael Blaz

    Maui Realty Associates

    Section Image
  • Karen Williamson

    Buyer's Agent in 2019

    Karen Williamson

    Maui Earth Realty LLC

    (808) 281-5253

    11 in this area

    16 Total Sales

    Karen Williamson
    Section Image
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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 402578

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-020-001-0165

Hawaii Maui County Kihei 96753

2531 S Kihei Rd Unit D205, Kihei, HI

This home is located at 2531 S Kihei Rd Unit D205, Kihei, HI 96753 since 13 June 2024 and is currently estimated at $664,478, approximately $1,014 per square foot. This property was built in 1977. 2531 S Kihei Rd Unit D205 is a home located in Maui County with nearby schools including Kamali'i Elementary School, Lokelani Intermediate School, and Maui High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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