In addition, a large lanai just off of the main living area perfectly creates a seamless blend of an outdoor/indoor living arrangement. Upgraded over the years, the unit is in excellent condition and the perfect vacation rental opportunity.
Listed at $749,000
Luana Kai Market Update 2019
The Luana Kai market had a good year in 2019 with 9 units sold for a total sales volume of $6.5 million, good enough for an average sold price just under $725k with an average days on market of 3 months. With close to $500k separating the highest priced unit sold and the lowest priced unit sold, sold prices here can vary widely based on things like view, location in the complex, rental income, and the level of upgrades.
The perimeter units facing the ocean are valued the highest because of their ocean view capabilities. On the low end, a buyer can pay as low as $400k and it can come with a variety of upgrades. While on the opposite end, another buyer can pay just a little under $900k for a premium unit with upgrades comparable to that of Wailea condos for sale.
If you’d like a deeper dive into the market to do your own research, check out our Luana Kai sold data.
- Number of Luana Kai condos sold: 9
- Average sold price: $725,762
- Median sold price: $749,000
- Highest priced unit sold: $935,000
- Lowest priced unit sold: $445,000
Luana Kai currently has 3 units for sale with 66% of them being listed in 2019. The units are concentrated in the upper price point with all three listings in the $700k ranges. If you’re looking to snag a deal, one unit has been on the market for close to a year and a half.
Many favor the complex for its beachfront location in Kihei and close proximity to dining options and the grocery store. The community is primarily used as a vacation rental complex with an onsite property management in charge of running and maintaining the common the areas.
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- Number of Luana Kai condos for sale: 3
- Average asking price: $746,333
- Median list price: $749,000
- Highest priced unit for sale: $775,000
- Lowest priced unit for sale: $715,000
Contact a South Maui Real Estate and Lifestyle Specialist
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)