Brought to market just a few days ago, Kihei Bay Surf B219 stands out as an optimal choice for cost conscious investors who are looking for an ideal investment vehicle. Priced in the bottom half of the Kihei condos for sale market, we don’t expect to see this property on the market for much longer. Given this beautifully renovated studio is less than 200 steps from Kalepolepo Beach Park with resort and local amenities, interested buyers should move sooner than later.
With the unit’s proximity to the beach standing out as a strong feature, the unit also boasts a neat outdoor lanai to compliment and extended the interior living area. As a 2nd floor unit, it offers nice courtyard views and the slight elevation is just enough to take advantage of the breezy trade winds.
This unit and the rest of the Kihei Bay Surf complex can be rented out on a short term basis. The extra rental income sure comes in handy when it is not in user by the owners. The current seller kindly asks that the buyer honors future reservations up until April 15, 2019.
Listed at $320,000
Kihei Bay Surf Market Update 2018
The Kihei Bay Surf saw a strong 2018 with 8 units sold for just over $2 million completed in total sales volume. Because of the very attractive prices, units don’t last long; only 1 of the 8 units sold needed more than 6 months to sell. 63% of the units sold in 2018 were sold within 2 months of coming to market. All 8 of the units sold were studio units because every single unit here is a studio unit, some may just be configured differently than others.
As far sold prices go, everything has been in a $40k price range of one another. Some units have been beautifully renovated, to the point of possibly being over built for the complex, but are still none the less top of the line. Other units are a neat blend of upgraded and original finishes, while some are totally original.
- Number of Kihei Bay Surf condos sold: 8
- Average sold price: $259,562
- Median sold price: $261,250
- Highest priced unit sold: $270,000
- Lowest priced condo sold: $242,000
- Number of units in escrow: 3
At of 2/28/19, there is only one unit for sale in the Kihei Bay Surf market.
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- Number of Kihei condos for sale: 105
- Average asking price: $677,366
- Median list price: $550,000
- Highest priced unit sold: $1,895,000
- Lowest priced condo sold: $306,000
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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.