2881 S Kihei Rd Unit 116 Kihei, HI 96753
Wailea-Makena Neighborhood
3
Beds
3
Baths
1,395
Sq Ft
12
Acres
Highlights
- Ocean View
- Solar Power System
- Furnished
- In Ground Pool
- 12.25 Acre Lot
- Ceiling Fan
About This Home
As of July 2024This contemporary, split-level 3-bedroom is a high-revenue vacation rental, but at 1,395 square feet affords the option of residential living on an ocean view hillside adjacent to Wailea. Leasehold property with a lease extending until 2068, so easily lendable. A close walk to Maui's crown jewel Keawakapu Beach, Maui Hill is a low-density retreat, a mix of vacation rentals, second homes, and full-time residents. The uncommonly spacious footprint is enhanced with vaulted ceilings. A short flight of stairs leads to a private, second-story bedroom with its own lanai (one of three). Expansive windows throughout flood the unit with natural light and invite floral and ocean views. A recently-installed, hyper-efficient split AC system chills the space. Local art and higher-end furnishings are frequently mentioned in more than 75 5-star reviews on VR platforms. Washer-dryer in unit. Maui Hill's legendary onsite maintenance creates the high-end tone appreciated by residents and guests, and oversee a nicely-sized pool, tennis courts, hot tub, and convenient barbeque areas. Managed by Vacation-Maui, with rental data available to qualified buyers.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,116
Year Built
- Built in 1981
Interior Spaces
- 1,395 Sq Ft Home
- Furnished
- Ceiling Fan
- Drapes & Rods
- Blinds
- Ocean Views
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Dryer
- Washer
Home Security
Pool
- In Ground Pool
- Spa
Schools
- Kamalii Elementary School
- Lokelani Intermediate
- Maui High School
Utilities
- No Heating
- Cable TV Available
Additional Features
- Solar Power System
- Land Lease expires 11/15/64
Listing and Financial Details
- Assessor Parcel Number 2390040810116
Community Details
Overview
- Maui Hill Community
- Maui Hill Subdivision
Recreation
- Tennis Courts
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2024
Closed on
Jun 28, 2024
Sold by
Scholl Donald W
Bought by
Campbell Walter Lawrence and Campbell Emma Lee
Seller's Agent
Kevin Spaise
Keller Williams Realty Maui-Ki
Buyer's Agent
Kevin Spaise
Keller Williams Realty Maui-Ki
List Price
$1,350,000
Sold Price
$1,150,000
Premium/Discount to List
-$200,000
-14.81%
Total Days on Market
15
Views
9
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
$147,973
Avg. Annual Appreciation
18.70%
Original Mortgage
$805,000
Outstanding Balance
$800,179
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$518,898
Purchase Details
Closed on
Sep 13, 2000
Sold by
Ryan Charles Allan and Ryan Patricia Ann
Bought by
Ryan C A and Ryan Patricia A
Map
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Similar Homes in Kihei, HI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Tge |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $805,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $1,150,000 | -14.8% | $824 / Sq Ft |
| 06/02/2024 06/02/24 | Pending | -- | -- | -- |
| 05/17/2024 05/17/24 | For Sale | $1,350,000 | +119.5% | $968 / Sq Ft |
| 10/17/2017 10/17/17 | Sold | $615,000 | -5.2% | $1 / Sq Ft |
| 09/29/2017 09/29/17 | Pending | -- | -- | -- |
| 06/24/2017 06/24/17 | For Sale | $649,000 | -- | $1 / 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 | $11,116 | $889,300 | $146,000 | $743,300 |
| 2023 | $14,008 | $1,182,100 | $146,000 | $1,036,100 |
| 2022 | $10,528 | $888,400 | $115,300 | $773,100 |
| 2021 | $9,325 | $839,200 | $115,300 | $723,900 |
| 2020 | $9,222 | $832,300 | $115,300 | $717,000 |
| 2019 | $7,746 | $720,600 | $88,400 | $632,200 |
| 2018 | $6,481 | $698,400 | $88,400 | $610,000 |
| 2017 | $5,546 | $0 | $0 | $0 |
| 2016 | $6,616 | $759,600 | $88,400 | $671,200 |
| 2015 | $5,615 | $658,100 | $76,800 | $581,300 |
Source: Public Records
Source: Maui MLS (REALTORS® Association of Maui)
MLS Number: 402218
APN: 2-3-9-004-081-0116
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