Newest End of Summer Kihei Akahi Listings
Just brought to market last week, Kihei Akahi B105 unit is in a great location on the ground floor which offers an extended common green area off of the back lanai. The lanai boasts an 100 sqft of added outdoor living area that is perfect for utilizing during the cool evening hours. Located in the B building, the unit is a short distance to both pools as well as just 75 yards or so to the Kamaole Beach II. The unit is valued so highly because of the future bookings guaranteed with the sale of the unit as there are only 11 open nights from now until March of next year.
Listed at $649,000
Totally move in ready, Kihei Akahi C204 is an incredibly clean and well cared for unit. Walking into the unit, it feels like it is in brand new condition with a fantastic remodel adding to the subtle stateliness of the unit. Sitting in the C building, the unit is in the middle of the complex and just a 1 minute walk to the community tennis court and pool area. With a 2nd floor lanai, it captures a nice breeze and provides a soothing area to relax and enjoy the Kihei lifestyle. While only a short walk to Kamaole Beach II, buyers can enjoy outstanding access to all of Kihei and its amenities.
Listed at $379,000
Easily one of the best units in the complex, Kihei Akahi DG04 underwent a head to toe remodel just a few years ago and the attention to detail is evident throughout the entire space. With just under 700 sqft, 1 bed, and 1 bath, the living area can be extended through the back lanai and onto a common green area that is the perfect place to entertain overflow guests. The unit is being sold completely furnished and represents an awesome deal because of the added privacy of being at the back of the complex. Because of the unit’s reputation as being a stellar vacation rental, the unit is heavily booked as the seller asks that all booked reservations be honored.
Listed at $379,000
Kihei Akahi End of Summer Surge
Impressively maintained over the years, the unit has only been rented on long term leases so the unit has not been subject to the wear and tear that short term rentals are more susceptible to. With great views from the lanai, it is able to offer mountain and ocean views that most units at Kihei Akahi are not able to do. The unit was sold completely furnished making it truly move in ready for the buyers. Brought to market in late May, the unit underwent a $20k price reduction before it was able to enter escrow in late August. The unit closed within two weeks after receiving an all cash offer of $340,000.
Another beautiful unit that has been maintained over the years, the open floor plan allows for easy living with tile floors and easy clean up. The tiles are a shade of blue which provide a nice contrast to the walls and is reminiscent of the ocean which gives the unit a beachy vibe that play nicely off some of the word furnishings. With 2 bedrooms, 2 bathrooms, and 879 sqft of interior living, the unit is large enough to accommodate large parties. First listed in late June, the unit was in escrow less than a month later and closed for $20k under asking at $435,000.
Located in the coveted D building, this building is extremely prized for its private location away from 75% of the other units. From its 5th story location, the lanai is able to offer views over the entire complex and beyond to the ocean where soothing views out towards West Maui mountains provide the perfect back drop for a relaxing sunset view. The unit is rather plain and could benefit from a fresh coat of paint. The unit was first put on the market in July and it only took 10 days before it received an acceptable offer. The unit was sold for over asking at $378,000.
Easily one of the best remodels in the complex, this beautiful condo offers two great bedrooms with a spacious feel that is perfect for a 2nd home or vacation rental property. Upgraded within the last few years, the dark tiled floor offers a nice contrast and different feel than some of the other units. With a clean lanai off the back of the unit, it boasts garden views and a private atmosphere to enjoy the setting. Brought to market in March, the unit underwent a $20k price reduction before entering escrow in late July. After a few months in escrow, the unit closed for $519,ooo.
Kihei Akahi Market Update 2017
The Kihei Akahi market is typically known for it’s high turnover, awesome location, and strong rental demand, all of which make the complex extremely desirable to buyers who are looking to rent out their unit while they are not using it. While the complex saw a fair amount of business in through the first 5 months, a bulk of the sales have occurred since June, with June and August being the most productive months with 3 units sold.
The $300k price range is by far the most popular with more than 70% of the transaction falling within that range. One unit was an absolute steal as it closed for well under $300k, although it was a studio unit, it was still a great value because of its upgraded features. There were 3 units that sold for well above $400k where they represent some of the best units on the Kihei Akahi market because they were 2 bedrooms and completely upgraded.
If you price your unit accordingly, it will sell; more than 90% of the units sold this year were able to close within 6 months of coming to market.
- Number of Kihei Akahi condos sold: 14
- Average sold price: $375,456
- Highest priced unit sold: $519,000
- Lowest priced unit sold: $260,000
Wit the exception of 1 unit, all of the Kihei Akahi condos for sale have come to market within the last two months or so. Now that summer is about finished, some buyers will need to take time to review a buyer decision as they head home. 60% of the units for sale are priced within the sweet spot of $300k, while 1 unit is in $400k and another in the $500k range.
Considering the complex’s amenities, location, and overall complex acreage, Kihei Akahi commands modest maintenance fees. Low maintenance fees are attractive to buyers because it helps the bottom line when they are rented as short term rentals.
- Number of Kihei Akahi condos for sale: 5
- Average asking price: $454,950
- Highest priced unit for sale: $649,000 (Unit featured above, Kihei Akahi B105)
- Lowest priced unit for sale: $379,000 (2 units also featured above: C204 & DG04)
Contact a South Maui Real Estate Specialist
Please consider me to be your trusted Maui real estate and lifestyle adviser. I was born and raised on the island, and spend a considerable amount of time to inform my clients about the best deals currently on the market. Don’t hesitate to call me for your any of your Maui real estate needs as I would be honored to assist you in your home search.
Aloha,Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com