We are proud to offer Kihei Akahi Unit D113 as the newest listing to the Kihei Akahi market. It represents a great value in the complex because of its ability to be rented as a short term vacation rental. Having undergone a full remodel just this year, the unit feels brand new as the subtle grey tones throughout the unit offer a modern and contemporary feel. With 1 bedroom, 1 bathroom, 655 sqft, and an outdoor lanai, it is the ideal 2nd home or rental property.
The flexibility of the unit is a huge plus because it offers the owners the ability to own, vacation, or rent. Another bonus is the low monthly maintenance of $541 which is a great deal considering it covers the maintenance of the landscaping, pools, bbq areas, and tennis courts. The attention detail during the remodel is evident as the level of finishes is superb. Don’t miss out on this opportunity to own your perfect piece of paradise!
Listed at $489,000
The one you’ve been waiting for, a prime unit nestled in the back of the community with relaxing garden views. Secure 2nd floor location in the D building nearby the pool and recreational area. You’ve never seen a home like this before at Kihei Akahi. From the moment you walk through the front door, you’ll immediately see the pride of ownership and notice that the home has been completely remodeled. Top to bottom! Furnished by a prestigious interior decorator, this villa is both tasteful and comfortable. Brand new appliances featured throughout the kitchen.
3D Floor Plan of Kihei Akahi Unit D113
2017 Kihei Akahi Market Update
The Kihei Akahi market has developed a reputation in the Kihei condo market for its impressive turnover rate, desirable proximity to the beach, and increasing rental demand. All 3 key points are key factors contributing to the decision of buyers looking to rent out their unit while it’s not in use or for buyers purely looking to use it as an investment property. Through the first 5 months of the year, the complex saw a fair amount of transactions, however, the majority of the sales occurred during the summer where June and August were extremely productive with 43% of the units sold.
Another reason Kihei Akahi is popular among buyers is because of it allows buyers to purchase in an affordable price point while getting across the street access to Kamaole Beach Park II. The $300k price range is by far the most popular with more than 70% of the transaction falling within that range. One buyer was able to pull off an immense steal as they were able to close for well under $300k; although it was a studio unit, the buy was still a great deal because of the renovations done to the unit.
One the upper end of the market, 2 units were sold over $400k and one was sold for over $500k. These 3 units represent what top dollar can get you at the complex as all 3 were 2 bedrooms and came fully upgraded with recent remodels. 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
Highest Priced Unit Sold
Lowest Priced Unit Sold
At this time, there are only 5 Kihei Akahi condos for sale on the market representing a projected sales volume of $2,365,000. The market is a 60/40 split of 1 bedroom and 2 bedroom units with no studio units available. The 2 bedroom units come at premium because they are more than 200+ sqft of interior living and are also able offer a slightly bigger lanai; the 2 bedroom units can also command steeper rental rates because of the 2nd bedroom which means it can accommodate a larger vacationing party.
The asking prices breakdown as follows: 2 listings in $300k range, 2 listings in $400k price point, and 1 listing in the mid $600’s. The $600k listing is interesting because it’s priced close $200k more than the next closest priced listing because it is in the coveted B building with the closest access to the beach.
- Number of Kihei Akahi condos for sale: 5
- Average asking price: $473,000
- Highest priced listing: $649,000
- Lowest priced listing: $379,000
Contact a South Maui Real Estate Specialist
Our team has been blessed to have been part of this extraordinary community since its creation in 2005. Our real estate information office is located on site and is open 7 days a week. It truly brings a smile to my face meeting first time guests, return visitors, and full-time residences that love and embrace the Maui lifestyle.
We’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM – 5:00PM.