Honua Kai

Condos For Sale

Click to See Recent Sales and Market Statistics

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. 

Honua Kai Active Listings

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. 

 

         

Watch my YouTube channel https://www.youtube.com/hawaiirealestateorg

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.com Aloha

 

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

You may also be interested in these Ka'anapali Vacation Condos for Sale. Click to See

Luana Garden Villas at Honua Kai

Maui Kaanapali Villas (aka MKV)

International Colony Club (aka ICC)

The Alii

The Plantation

Kaanapali Royal

Kaanapali Shores

The Masters

Maui Eldorado

Maui Kai

Mahana

The Vintage

The Whaler