As the newest and only listing, Kihei Garden Estates G202 provides some much needed inventory to the barren Kihei Estates market. As a 2nd floor unit, there are 2 bedrooms and 2 bathrooms in this 851 sqft condo. The lofted area makes excellent use space and serves as the master bedroom. This unit’s loft area has been closed off to add an extra sense of privacy whereas some units are left complete open. The extra high ceilings add a touch of class to the unit and makes it feel extremely spacious.
The unit received renovations last year and is perfectly move in ready. The floor plan was intentionally designed to facilitate easy living and to create a relaxed open concept feel. Bring the outdoors inside, with floor to ceiling windows that allow for plenty of a natural light and trade winds. This property has a very successful vacation rental history and is being offered turn-key.
Listed for $440,000
Kihei Garden Estates 2018 Market Update
The Kihei Garden Estates market has turned it around after a very slow 2017. Through 8.5 months, the 2018 sales data has already outpaced 2017 by 350% which is equal to 7 more transactions than last year. Although 1 unit sold per month is ver respectable, the complex has seen a low amount of activity compared to some of the Kihei condos for sale where particular complexes like Kamaole Sands, Maui Kamaole, and Hale Kamole see sales in excess of 20 condos sold per year. On average, the units for sale spent less than 3 months on the market with none needing longer than 6 months to find a buyer.
The Kihei Garden Estates community is popular among buyers because it is short term rentable, 1 block from the beach, and priced considerably well for only being a 1 minute walk from the beach and the allure of South Kihei Road.
For the most part, the $400k price point dominated sales where it has made of 66% of all sales in 2018. The $300k was the 2nd most productive with just 2 sales, while the $200k price point rounds the remaining sales. In terms of price/sqft, buyers should expect to pay anywhere from $450-$650.
To get a complete grasp of the market, check out our Kihei Garden Estates sold data.
- Number of Kihei Garden Estates sold: 9
- Average sold price: $402,444
- Highest priced unit sold: $475,000
- Lowest priced unit sold: $285,000
- Number of units in escrow: 0
With only 1 unit for sale at the moment and considering the strong activity Kihei Garden Estates has seen in 2018, don’t expect inventory to last long.
While there is currently only 1 unit for sale, we do anticipate for supply to pick up as the winter visiting season approaches. Interested parties can stay up to date with our Kihei Garden estates New Listing Email Alert.
- Number of Kihei Garden Estates for sale: 1 (as of 9/13/18)
Contact a South Maui Real Estate and Lifestyle Specialist
Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. 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. Please do not hesitate to call me for your Maui real estate needs. I am more than happy to assist you in your home search.
Aloha,Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com