Could it be the BEST Oceanfront Condo on Maui?
A few months ago I had one of my clients from San Francisco call to say they were coming to Maui in search of a very high quality two bedroom, two bath oceanfront condo. They had some very specific requests about the type of property, returns on investment, and location. (By the way, I was very glad they chose me as their buyers agent to represent them on this Maui Real Estate transaction) More on that later. The interesting thing is that they were open to any part of Maui, it just had to be on a sandy beach with a big ocean view. It also needed to have a solid history of 4 and 5 star reviews on VRBO, HomeAway, AirBNB and Trip Advisor. I found it very compelling, that in this day and age, you don't have to "guess" or wonder what a vacation rental property is like....you have an historical encyclopedia of real, factual, no holds barred customer feedback. Their budget was anything under $1.5 million, but more important than the price point was the return on the investment. This was going to be THE driving factor along with the most quality craftsmanship and quality visitor experience (as they were going to also rent this as a vacation rental) So after reviewing every two bedroom two bath oceanfront condo on Maui, it was determined that the Honua Kai (solidly back by Honua Kai Reviews) presented not only the best return on investment but also the best 'finish' along with a proven world-class quality customer experience. The on-site property management company provided a vast array of financials from very similar units...with an astounding gross annual income, higher than average nightly rental rates and super high occupancy rates. It really goes to show that world travelers will pay more, and pay consistently for quality that is far above the norm.
Please watch this short video with more information about the Honua Kai.
PS - the reason I was glad they chose me to represent them as a buyers agent, is simply because that is in their own best interest. You see, the developer has an on-site real estate agency. But their sales staff works directly for the developer and as such cannot provide "agency" representation for buyers. I have always been a firm believer that buyers need to have their best interest represented in a deal in order to negotiate the best price and terms.