Pacific Shores A204 just hit the market early this week and is earmarked as a neatly upgraded unit with easy maintenance at the heart of the remodel. With vacation rentals, easy maintenance is a high priority since they can turn over pretty quickly if used as a short term rental to generate income.
Offering two bedrooms, 2 bathrooms, and 745 sqft of interior living the unit can easily be used as a 2nd home, investment property, or a combination of both. Pacific Shores is a desirable Kihei condo for sale because of the quick access to three separate beaches. Monthly maintenance fees are at around $540 and can be offset by utilizing the vacation rental option.
Listed at $575,000
Pacific Shores Market Update 2019
Pacific Shores has seen a steady year 7 units sold, however the market has slowed down since the end of June with no sales across the last 7 weeks. With $3.3 million in running sales volume, expect this number to climb a little higher with 1 unit in escrow and another visitor busy season coming up as winter approaches. Six of the seven units sold were able to find a buyer within 2.5 months of being listed, while the remaining unit needed a little over 4 months.
In terms of purchase prices, buyers like Pacific Shores because of the low barrier to entry, convenient Kihei location, and the strong rental demand among visitors. The ability to generate cashflow when the unit is not in use gives owners a ton of flexibility to what they want with their unit. The $400k price range has seen the bulk of the sales with more than 50%. The $500k’s has also seen strong production with 3 units sold.
Pacific Shores is a happy medium price range for buyers because they aren’t able to command higher prices like some of the upper tier Kihei condos like Kamaole Sands, Maui Kamaole, and Sugar Beach Resort.
For a complete breakdown of Pacific Shores sales history, check out our data set of all sales at Pacific Shores over the lat 10 years.
- Number of Pacific Shores condos sold: 7
- Average sold price: $483,000
- Highest priced listing sold: $540,000
- Lowest priced condo sold: $399,000
- Number of units in escrow: 1
At the moment, buyers only have 1 active unit to choose from in Pacific Shores. Usually, we will see listing activity pick up as sellers are getting their units ready for the winter visitors.
In a market where buyers are writing offers on units within days of coming to market, interested parties must stay on top of new listings. The best way to stay up to date is by signing up for our Pacific Shores new listing email alert.
- Number of Pacific Shores condos for sale: 1 (as of 8/14/19)
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.
Anthony Sayles R(S)