What is it that makes the Honua Kai and Luana Gardens Resort so special?
The answer is simple.
It is the most “world-class” and recently built fee-simple condo complex in all of Maui. Not to mention, it also offers some of the most significant returns on investment of any complex in Hawaii as well.
The reason is because discerning vacationers from all over the world are willing to pay a premium for these types of digs.
What does that mean for you, a potential future Honua Kai unit owner?
It means higher returns, more occupancy, and a very good upside on your equity return.
Looking for a Maui Realtor to List your Maui Condo For Sale at Honua Kai? Call Eric West Maui Listing Agent to get on this website for first page search results on Google & Youtube. Exposure to thousands of buyers on day one.
A True Indoor/outdoor Living Experience Is What Honua Kai 241 Has To Offer With Its Spacious Lanai Area Nestled Into The Courtyard Of Hokulani. View And Convenience Are Optimum With This Location. The Condo Includes 1320 Sq. Ft. Of Living Space, G...
Listed by: Sullivan Properties IncOffice Contact:
130 Kai Malina Pkwy Nr421, Kaanapali, Hawaii - $1,445,000Fee Simple
Rarely Does A Studio Become Available For Sale At Honua Kai. And Better Yet, The Location On The 4th Floor Facing The North Provides Great Unobstructed Views Of The Pacific Ocean. Imagine Sipping Your Morning Coffee And Whale Watching From Your L...
Listed by: Susan Jackson Real EstateOffice Contact: Cell: 865-206-1234
130 Kai Malina Pkwy Sr520, Kaanapali, Hawaii - $2,695,000Fee Simple
This Beautiful Oversized Corner Unit With Extra Large Lanai Is Perfect For Entertaining Or Just Watching The Whales Swim By. Great Ocean Views From Inside The Unit. Enjoy Both The Sunrise And Sunset From This Very Private Corner Unit. This Unit Bo...
Listed by: KBM HawaiiOffice Contact:
130 Kai Malina Pkwy 13a, Kaanapali, Hawaii - $4,388,000Fee Simple
Luana Garden Villas Is The Final Phase Of Honua Kai Resort & Spa Finished In 2020 And Located On Stunning Kaanapali Beach On Maui's Western Shores, Ten Minutes North O Historic Lahaina And Steps From Everything West Maui Has To Offer. Part Of 38 F...
Listed by: Magnum PropertiesOffice Contact: Havekorst@alumni.usc.edu
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130 Kai Malina Pkwy Sr930, Kaanapali, Hawaii - $1,525,000Fee Simple
Honua Kai's Suite 930 Is The Best Mountain View 1 Bed Unit Located High Above The Hustle And Bustle On The 9th Floor Of The Hokulani Tower. It Offers The Largest Floor Plan (765sf), The Bigger And More Private Lanai (200sf) And Hands Down The Best...
Listed by: Keller Williams Realty Maui-KaOffice Contact: 808-270-1046
130 Kai Malina Pkwy Nr620, Kaanapali, Hawaii - $2,599,000Fee Simple
Honua Kai's Unit 620 In The Konea Tower Has Everything You Are Looking For In A Beach Front Resort. This Well Cared For 2 Bedroom Unit Boasts Gorgeous Views Of The West Maui Mountains, An Open Floor Plan With Granite Counter Tops, Stainless Steel ...
Listed by: Magnum PropertiesOffice Contact: Havekorst@alumni.usc.edu
The Honua Kai Condos are located 130 Kai Malina Parkway, Lahaina Maui Hawaii 96761. This spectacular property was built in 2008 and consists of 39 world-class beachfront acres. The TMK is 2-4-4-014-006. The two concrete structures have ten floors and consist of 629 studio, one, two and three bedroom suites (318 in Hokulani Tower, 311 in Konea Tower) with one to three baths ranging from 555 square feet to 2280 square feet. Please watch this short video review of the Honua Kai that I created with aerial drone footage of the property.
For hundreds of informative videos about Hawaii and Real Estate
This is a fee simple property. Both short term and long term rentals are allowed. Amenities include recreation areas, bbq area, 3 pools Beach acess right next to "Duke's Beach House" Restaurant, A Gourmet Market, Kid's Camp, State of the Art Fitness Center, Cabanas, Hot Tubs, Outdoor BBQ, Resort Hotel Services. Pets are not allowed. Click here to read more..
The HOA Fees are $1.42 PSQ (per square feet of interior space) and pays for your sewer, landscaping, cable, insurance, maintenance, and management.
Do you have questions about the Honua Kai or other properties in West Maui? Contact me directly - I have nearly a decade of experience buying and selling properties in the West Maui market and would be happy to be of assistance. Call or Text 808-298-2030 or hawaiisbest1@gmail.comAloha
What is it that makes the Honua Kai condominium complex so special?
The answer is simple.
It is the most “world-class” condo complex in all of Maui. Not to mention, it also offers some of the most significant returns on investment of any complex in Hawaii as well.
The reason is because discerning vacationers from all over the world are willing to pay a premium for these types of digs.
What does that mean for you, a potential future Honua Kai unit owner?
It means higher returns, more occupancy, and a very good upside on your equity return.
With the developer almost out of inventory on two bedroom units, you will be pleasantly surprised how the market will respond when the supply and demand curve changes. (Since right now the developer is basically controlling the market)
If what happened with the one-bedrooms happens with the two bedrooms, you can expect a significant equity growth.
(That is of course of you purchase a two-bedroom while the developer was still selling that inventory)
Since the inception of this property it has been an absolute favorite among over 600 individual investors around the world.
So what's the inside story with this complex? I’ve been asked by buyers “Why are some of the sales figures from 2010 higher than those selling in 2015?”
The reason is simple. Pre-sales were made at this complex PRIOR to the crash.
And it was an astounding fast sell out! This was of course way back in 2006 (when the market was booming) and before the units were even built! And as a result many of those people that went under contract (with big deposits) decided to (read HAD to) pull out due to financial inability. And the ones that didn't, ended up purchasing units at much higher than market rate values due to the commitment they made in 2006.
Then the developer hired a new fantastic on-site sales team and they actually **lowered** prices from the initial offering.
So most of the sales in 2010 are not truly indicative of the market conditions, rather the contracts committed to prior to the crash.
The good news for the post crash buyer was a massive equity growth once the developer ran out of inventory. A great example is the one-bedrooms. Many were sold after the crash and then once developer inventory ran out, prices soared on the open market.
The same scenario is likely to unfold with the two bedrooms.
So here are some of the most common questions I get from people shopping at Honua Kai.
What do the monthly maintenance fees cover?
These fees cover the cost of water, sewer, garbage removal, landscaping, elevator maintenance, insurance, pool, property taxes for the common areas.
Another common question is what are the taxes?
If you don’t live in the unit as a full time resident (and use it for short-term vacation rental) the taxes are $9.11 per $1000 of assessed value (subject to change or should I say increase!)
How much do these one and two bedroom units gross in annual revenue?
A good one bedroom unit can do close to $100K. And an average two bedroom from $120- $150,000!
With interest rates as low as they are today, it would be possible to still make a very good return with just 30% down.
Another common question is, “Who should I use to manage my Honua Kai rental property?”
You have two options in this area.
One is to using the on-site management company, and the other is to use an off-site management company.
(Or you could do it yourself on VRBO, but that I don't recommend doing. People come to this resort and expect a very high level of service. That’s pretty tough to deliver with a VRBO type value proposition.)
I'm actually very impressed with the on-site company! They only charge 35% and they are ready to handle any problems instantly. They clean the rooms every other day. Your guests can use the facilities in the resort and charge to the room, use the on-site Wi-Fi, and also have access to a special concierge desk (same place they are greeted and checked in.)
I think this is the type of experience people expect when paying big dollars for a nightly rate.
And if a guest “dings” or scratches one of your interior walls…the on-site company will re-paint the whole wall!
Another question I get a lot is which tower is better?
Hokulani, or the Konea tower?
They are both actually awesome!!
But there are differences.
Hokulani was built first (and as such is a little less “new”…but not much) It has a more “developed” lobby with the gourmet store, real estate office, and concierge/activities desk. A lively energy so to speak.
Whereas the Konea tower (which by the way is also a VERY nice lobby) does not have all those services happening. So that tower feels much quieter and with less perceived amenities available on that lower level.
The good news for Konea is the rooms have been improved over Hokulani prior to construction, based on the experience of building the first tower. So rooms have more options, larger feel and more creative layouts.
I believe the views are similar at both properties (but now with the construction at the Westin to the South of Hokulani, some of views to the south will be negatively affected. (For example you used to be able to see Black Rock from many of the rooms….not so anymore) You can also expect a 25% reduction in your vacation rental income during construction, and plenty of dirt and dust blowing onto your lanai on the South side of Hokulani.
Not something you have to “deal with” at the Konea tower.
Overall though, views at the Honua Kai are downright killer.
I find most people really like the ocean views of the two bedrooms down the center or side of the courtyard (vs. the views out to the north and south)
And of course most of the one-bedrooms have direct west Maui mountain views. With the exception of ONE stack that faces the courtyard (call me to find out which ONE, and when the next one comes on the market!)
Here are just some of the aspects of this Maui Real Estate offering that make the Honua Kai such a special place.
Number one is the fact that it's right on the North Kaanapali sandy beach! It does not get any better in terms of calm, swimmable water, soft sand and very good snorkeling and scuba diving. BTW, I go there all the time to wind down after hectic day of real estate showings and contract writing!
Next, in my opinion are the views of the ocean and mountains, the Hoola spa, the luxurious pools, Dukes restaurant, on-site deluxe gourmet convenient store. I also love the gourmet outdoor barbecues! My favorite place to gather round, drink a beer (or two ;-) and grill my favorite piece of meat or local caught Hawaiian fish.
(Don't forget the fact that this is NOT a leasehold property, rather a fee simple. That means no EXTRA monthly leasehold payment every month and no looming lease re-negotiation every 10 years!)
But if I REALLY had to put my finger on “IT” there are two things that REALLY make this property stand apart from the rest.
#1 The rooms really are WORLD CLASS! These are EPIC fines finishes throughout.
#2 The on-site management company. I realize many owners have flocked to outside companies to pay a 10% reduction in fee, but I think that has really forced the on-site to *step up* their game in a big way. Not only did they reduce the fee from the initial 50% with a 5 year contract, but now they are at 35% with only a two year contract.
And they really do such a meticulous job of maintaining these units (keeping them in absolute pristine condition.) And that to me is something that protects your investment more than anything else. There's nothing worse than a condo that starts to show the signs of wear and tear and heavy use from constant influx of vacation rental use. The management company is doing a great job worthy of such a world-class destination.
In a nutshell....Honua Kai rocks.
It’s that simple.
You really have to see it to understand the depth of the value proposition this represents in the market today. As a matter fact, more second home vacation investment dollars have been invested into this project than any other on Maui in the last 5 years. And there is a good reason. It’s plain worth it as an investment. And one of the few investments you and your family will thoroughly enjoy, year in and year out.
Call Eric West today for more details.
Recent Sales of Condos at Honua Kai
SOLD
130 Kai Malina Pkwy 746, Kaanapali, Hawaii - $1,750,000
Beautiful Views From This Top Floor One Bedroom. This Was A Developer Purchase In 2011 That Has Never Been Rented And Rarely Used By The Owners - Absolutely Pristine Condition!
Maui Paradise Properties LLC
SOLD
130 Kai Malina Pkwy Sr348, Kaanapali, Hawaii - $2,699,000
Konea 930 Is A Luxurious 9th Floor One Bedroom Residence That Offers Expansive Vistas Of The West Maui Mountains And Even Has A Side And Horizon View Of The Ocean From The Lanai, And Its Excellent Rental History Speaks For Itself.....pride Of Own...
Maui Resort Realty
SOLD
130 Kai Malina Pkwy Nr929, Kaanapali, Hawaii - $4,350,000
Suite 929 Is Located In The Konea Tower On The Ninth Floor And Perched High Above The Roof-line Allowing For An Unobstructed Ocean And Island Views. There Are Just A Handful Of These Rare And Exceptional Suites Located At The Honua Kai, And They A...
Maui Life Realty
SOLD
130 Kai Malina Pkwy Nr330, Kaanapali, Hawaii - $1,200,000
The Best Priced Home In Prestigious Honua Kai Situated On Famed Ka'anapali Beach. Rarely Available Mountain View. Konea 330 Is A 1bedroom/1bath Suite With Expansive Views Of The West Maui Mountain Range From Throughout The Home. Granite Countertop...
Coldwell Banker Island Prop-KP
SOLD
130 Kai Malina Pkwy Nr348, Kaanapali, Hawaii - $1,700,000
Gorgeous Ocean View Home Just One Stack From The Oceanfront In Prestigious Honua Kai Resort Situated On Famed Ka'anapali Beach. Konea 348 Is A Spacious 1bedroom/1bath Suite With Ocean Views And Overlooking Peaceful Banyan Tree Canopies. Granite Co...
Coldwell Banker Island Prop-KP
SOLD
130 Kai Malina Pkwy Sr109, Kaanapali, Hawaii - $2,695,000
Hokulani 733 Is A High Floor Studio That Has Beautiful Ocean Views. Overlooking The Hokulani Pool You Get The Evening Views And All The Tiki Torches At Night. The Prime Location Of The Unit Is Such That On Those Days The Tradewinds Are Active Yo...
Kai Malina Properties, LLC
SOLD
130 Kai Malina Pkwy Sr409, Kaanapali, Hawaii - $3,600,000
Welcome Home To Hokulani #409, The Most Desirable Inner Courtyard Location And Floorplan Of All Two Bedroom Residences At The Renowned Honua Kai Resort And Spa. The '09 Stack Is The Closest To The Ocean Of All 2 Bedroom Locations In The Resort, Ov...
Hawaii Life (L)
SOLD
130 Kai Malina Pkwy Sr626, Kaanapali, Hawaii - $1,150,000
A Rare Smaller One-bedroom Condo At Honua Kai Is Now Available For Sale. This Home Is The Lowest Priced Resale Offering At The Resort (and By Quite A Bit!). Sitting High In The Hokulani Tower, The Views Of The Majestic West Mountains Are Simply ...
Susan Jackson Real Estate
SOLD
130 Kai Malina Pkwy Nr932, Kaanapali, Hawaii - $2,000,000
Konea 932 Is A Luxurious 9th Floor, 1215 Sqft, Two Bedroom Residence That Offers The Best Of Both Worlds With Views Of The Tranquil Blue Pacific Ocean As Well As The Majestic West Maui Mountains.....pride Of Ownership Is Evident With Upgraded Floo...
Maui Resort Realty
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130 Kai Malina Pkwy Sr742, Kaanapali, Hawaii - $1,975,000
H742 Is Available For Sale. This Top Floor One-bedroom Plus Den Home Offers 950 Sq Ft Of Luxurious Living Area. It's Upgraded Throughout With Wood Look Tile Flooring. The Converted Den Provides A 2nd Bedroom For Additional Family Or Guests' Slee...
Susan Jackson Real Estate
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"Went Beyond What Any Other Realtor I Know Of Would Do"
Eric was outstanding from the start in our home- buying process in Hawaii. From the beginning and throughout, Eric was always at our service with prompt, knowledgable advise and communication during the process. He helped us find the perfect home for our family with some personal video he sent us and then expertly moved us into a good position to buy the home. He also helped us during the inspection periods and with our negotiations to improve our buying confidence. We couldn't be more pleased with Eric's quality, knowledge, personality and negotiation skills. He was truly excellent.
- Paul and Juliet Holocher
Listings provided courtesy of the REALTORS® Association of Maui.
This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.
Listings provided courtesy of the REALTORS® Association of Maui.
This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.