$699,000
SOLD JUN 12, 2020

2575 S Kihei Rd Unit A103 Kihei, HI 96753

2 Beds
2 Baths
378,101 Sq Ft
9 Acres

Recently Sold

$2 Per Sq Ft

6 Days on Market

Highlights

  • In Ground Pool
  • 8.68 Acre Lot
  • Furnished
  • Property is near an ocean
  • Garden View
  • Security Guard

About This Home

As of October 2024

This recently renovated ground floor unit, located in the coveted “A” building, is steps from the white sand of Kamaole Beach. The lock-off feature of this two-bedroom floor plan allows for the short-term rental of a studio unit and a 1-bedroom unit, simultaneously. Maui Banyan is an ideal and popular vacation getaway, conveniently located in South Kihei, just across the street from the beach and the nearby shops and restaurants. The grounds are impeccably landscaped and well-maintained, offering two swimming pools, two hot tubs, a tennis court and outdoor BBQ areas.

Last Agent to Sell the Property

Mino McLean

Island Sotheby's Int'l Rlty(M) License #RB-21623 Listed on: 04/09/2020

Island Sotheby's Int'l Rlty(M)

Co-Listed By

Sam Utley

Island Sotheby's Int'l Rlty(M) License #RB-23179

Last Buyer's Agent

Trisha Cruz

Maui Kama'aina Real Estate Inc License #RB-20801

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,042

Year Built

  • Built in 1990

Home Design

  • Slab Foundation
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Dining Area
  • Vinyl Flooring
  • Garden Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Halls are 36 inches wide or more

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Property is near an ocean
  • Outdoor Grill

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Assessor Parcel Number 2390040050003

Community Details

Overview

  • Low-Rise Condominium
  • Maui Banyan Community

Security

  • Security Guard
  • Fire and Smoke Detector

Recreation

  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,042

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Ada Enhanced Access: 1 Level, Wide Hall (min 36)
  • Class: Condominium
  • District: Kihei
  • Other Features: Bar-B-Que, Security Guard, Spa/Hot Tub, Tennis Court
  • Type: Condo
  • View: Garden View
  • Unit: A103
  • Unit Configuration: Attached (3 Or More Units In Building)
  • Year Built: 1990
  • Year Renovated: 2017
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Vinyl
  • Additional Rooms: Dining Area
  • Bathrooms: 2
  • Bedrooms: 2
  • Included: Ceiling Fan(s), Dishwasher, Disposal, Dryer, Drapes, Furnished, Kitchen Ware, Linens, Microwave, Range, Refrigerator, Smoke/Heat Detector, Tv Cable, Washing MacHine
  • Living Area Sq Ft: 890
  • Price Per Sq Ft: 785.39
  • Floor Level: 1

Exterior Features

  • Construction Data: Concrete
  • Design And Structure: Low-Rise 1-3 Stories
  • Exterior Finish: Stucco
  • Pool: Yes
  • Substructure: Concrete Slab
  • Waterfront: Across Street From Ocean
  • Pool Type: In-Ground

Utilities

  • Room AC Number: 3
  • Sewer: Sewer County
  • Utilities To Site: County Water, Telephone, Tv Cable, Underground Electricity

Condo/Co-op/Association

  • Other Monthly Fees: Maintenance Fees
  • Complex Name: Maui Banyan
  • Monthly Maintenance Fee: 873.77

Schools

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

Lot Info

  • County Zoning: H-1 Hotel District, H-M Hotel District, H-2 Hotel District
  • General Land Class: Hotel And Resort
  • Land Acres: 8.68
  • Land Sq Ft: 378101
  • State Zoning: Urban

Rental Info

  • Short Term Rental Allowed: Yes

Tax Info

  • Tax Database Id: 1
  • Taxes Per Month: 513.85
  • Assessor Parcel Number: 2390040050003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2024
Closed on
Sep 20, 2024
Sold by
Maui Banyon Llc
Bought by
La Perouse Llc
Seller's Agent
Trisha Cruz
Maui Kama'aina Real Estate Inc
Buyer's Agent
Leslie Smith
Hawaii Life (W)
List Price
$1,395,000
Sold Price
$1,375,000
Premium/Discount to List
-$20,000
-1.43%
Views
4
Current Estimated Value
$1,329,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,041
Avg. Annual Appreciation
-3.98%
Original Mortgage
$725,000
Outstanding Balance
$718,090
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$611,869

Purchase Details

Listed on
Apr 9, 2020
Closed on
Jun 5, 2020
Sold by
South Maui Sun Llc
Bought by
Maui Banyon Llc
Seller's Agent
Mino McLean
Island Sotheby's Int'l Rlty(M)
Buyer's Agent
Trisha Cruz
Maui Kama'aina Real Estate Inc
List Price
$699,000
Sold Price
$699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.91%
Original Mortgage
$524,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2016
Closed on
Sep 21, 2016
Sold by
Mirin Mehdy and Parto Mina
Bought by
South Maui Sun Llc
Seller's Agent
Jean Keating
Coldwell Banker Island Prop-Ku
Buyer's Agent
General Public
General Public
List Price
$499,950
Sold Price
$480,000
Premium/Discount to List
-$19,950
-3.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%
Original Mortgage
$336,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2004
Sold by
Honolulu Warehouse Co Ltd
Bought by
Miyasaki Ryan Matthew and Miyasaki Christine Rimi
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
Deed -- Fntic
Deed $1,375,000 Fntic
Deed $699,000 Fnt
Deed -- Or
Deed $200,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $725,000 New Conventional
Closed $725,000 New Conventional
Previous Owner $524,250 New Conventional
Previous Owner $336,000 New Conventional
Previous Owner $400,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2024 10/10/24 Sold $1,375,000 -1.4% $1,545 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/12/2024 08/12/24 For Sale $1,395,000 +99.6% $1,567 / Sq Ft
06/12/2020 06/12/20 Sold $699,000 0.0% $2 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $699,000 +45.6% $2 / Sq Ft
10/04/2016 10/04/16 Sold $480,000 -4.0% $1 / Sq Ft
07/31/2016 07/31/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $499,950 -- $1 / 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 $15,042 $1,298,500 $129,200 $1,169,300
2024 $15,042 $1,188,300 $129,200 $1,059,100
2023 $8,299 $936,100 $129,200 $806,900
2022 $8,299 $700,300 $41,000 $659,300
2021 $8,131 $731,900 $36,500 $695,400
2020 $6,878 $620,800 $36,500 $584,300
2019 $6,166 $573,600 $33,400 $540,200
2018 $4,679 $504,200 $30,400 $473,800
2017 $4,779 $0 $0 $0
2016 $4,766 $547,200 $29,000 $518,200
2015 $3,353 $483,500 $29,000 $454,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 386696

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-004-005-0003