Maui Real Estate Info and News

   2021-11-16       38        Business
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Channel Description : Get the latest information about Maui and the real estate market on the island. Informative articles about things to do and what's happening on happening on Maui in the real estate world and beyond.
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Title : Relax + Unwind At These 5 Best Resort Spas on Maui
Description : Treat Yourself To A Spa Day on Maui Maui celebrates the perfect balance of vibrancy and energy combined with relaxation, and these are the feelings that you'll certainly want to indulge in during your time here on the island. You can ease your worries and soothe your soul as you enjoy the pampering that comes with specialized spa experiences at a variety of world-class resort spas. Maui is known for its world-class, luxury resorts and your time on the island would not be complete without an amazing day at one of the best resort spas on Maui. While there are numerous spas throughout the island that offer basic massages and other treatments, these incredible spas are as much about the experience as the treatment. Creating an atmosphere and space for healing and relaxation with an extensive array of treatment options and services. So, what are some of the best spas on the island for you to visit during your stay? Keep reading to help you narrow down where you should spend your next spa day on Maui. Spa Montage at the Montage Resort Situated on beautiful Kapalua Bay, the Montage Resort offers a full array of indulgent experiences for you to treat yourself to at Spa Montage. The oceanfront venue sits amidst lush, tropical vegetation that spreads impressively across five acres. You can enjoy the magnificent beauty of the Hawaiian landscape with water views in the distance from many vantage points in the spa. The spa has both indoor and outdoor treatment spaces as it opens up to a contemporary water feature overlooking the bay complete with fire urns for a total sensory experience.  Spa Montage offers all of the treatments that you need to feel relaxed and well during your stay in Kapalua. Your hair, nails, and makeup can be elevated through time at the spa’s salon with one of the venue's highly-rated specialists. At the fitness center, you can get reinvigorated through a solo workout or by joining a specialized fitness class. There are also a number of facial and massage therapy packages, body treatments, and more for you to enjoy. These elite options include everything from hydrating facials to detoxifying baths and more. The spa uses prestigious, high-quality products in all of its treatments. You are invited to shop at the spa’s boutique shop to purchase these products for home use. A variety of high-end clothing and accessories are also offered at the boutique. ‘Awili Spa & Salon at the Andaz Wailea The Andaz Wailea Resort sits directly on 15 beachfront acres in Wailea, and it offers an unforgettable vacation experience to its guests. One of the many amenities available to you during your stay at the resort is the ‘Awili Spa & Salon at the Andaz Wailea. This spa has been recognized by Organic Spa Magazine as one of the Top 10 Green Spas and by Town & Country Magazine as One of the Most Transformational Wellness Destinations Worldwide.  At the sophisticated 'Awili Spa & Salon at the Andraz Wailea, you will be treated to an organic experience complete with hand-crafted products made on-site in the venue’s apothecary. Many locally-sourced products are used in the treatments to give you a truly Hawaiian experience. The products that have been custom-made specifically for you are available to purchase and use at home. The spa facility is both prestigious and relaxing with individualized styling across most rooms. The ‘Awili Spa & Salon has services and amenities to meet all needs. In addition to facials, massages, body treatments, and more available through the spa, you can spend time focusing on self-care in the salon and fitness center. The Spa at Four Seasons Situated next to one of the best beaches in South Maui, Wailea Beach, the Four Seasons Resort Maui offers spectacular accommodations and a full array of amenities and services for you to enjoy. The Spa at Four Seasons offers both indoor and oceanside treatment spaces for you to enjoy. The indoor space is opulent with soothing hues, grand ceilings, marble finishes, and other sublime touches. If you prefer to enjoy your treatment in the fresh air, you may treat yourself to an individual or couples’ massage on the lawn overlooking the ocean. For a unique experience, enjoy a massage in a private, thatched hut that also offers ocean views. A variety of spa, wellness, and massage services are available at The Spa at the Four Seasons. Spa services include a full array of facials with your choice of luxurious enhancements. Both traditional and specialty massages are available at the spa as well, and enhancements can be added to your massage treatment for a unique experience. Nail and beauty services are offered in the spa's contemporary salon. Numerous wellness options are also available through respected practitioners that can be customized to meet your needs, and they focus on energy, healing, acupuncture, and overall mind-body health.  Mohalu by Spa Grande at the Grand Wailea The Grand Wailea Resort is located in Wailea just steps from the water, and one of its most coveted amenities is the Mohalu by Spa Grande. This venue was named one of the Top U.S. Spas by both Travel & Leisure Magazine and by Conde Nast Traveler. Notably, this spa spans 50,000 square feet of exclusive space. If you have been before, it's not the same spa you visited anymore. They have undergone extensive remodeling and will have the new Spa Grande experience open later in 2022.  With 40 treatment rooms, a sauna, a Roman tub, numerous specialty baths, Swiss jet showers, and more, it is the largest luxury spa in the state. However, size is only one of its endearing qualities. Mohalu by Spa Grande is spectacularly decorated to inspire relaxation while also immersing you in a decadent, pampering environment. Both indoor and outdoor facilities are offered throughout the spa grounds, and this enables you to enjoy the ultimate spa experience to your specifications. At Mohalu by Spa Grande at the Grand Wailea, you can request a package of treatments for complete rejuvenation for one or two people. There are also a number of massage options that focus on giving you a head-to-toe experience. Some of the many massage options optimize the use of volcanic stones, locally-sourced ingredients, and other elements to create a truly Hawaiian experience. Aromatherapy, salon services, and a variety of other specialty services are also available for you to indulge in. Marilyn Monroe Spa Maui at the Hyatt Ka’anapali If you are looking for a spa experience unlike any other on the island, consider scheduling a treatment at the Marilyn Monroe Spa Maui. This is only one of two spas of its kind in the world. It celebrates the unique combination of girl-next-door charm and Hollywood glamour that Marilyn Monroe is known for. The spa is conveniently located at the Hyatt Ka’anapali overlooking Ka’anapali Beach and the Pacific Ocean. From many of the well-designed treatment rooms throughout the facility, you will find unspoiled views of the water and towering palm trees. Some treatments are also available in an open-air environment overlooking the water. Ka'anapali is known for having the ultimate Hawaiian beach resort experience and Ka'anapali Beach is certainly one of the best on the island.  The Marilyn Monroe Spa Maui is the place to go for a complete beauty experience that leaves you feeling and looking great. In the Glamour Room, you can treat yourself to manicures, pedicures, hair styling, and makeup services. Traditional and luxury massage treatments are available for individuals and couples. Reflexology, foot scrubs, masks, body treatments, facials, and more are also offered. Schedule Your Maui Spa Reservation Today  You'll certainly want to plan ahead when visiting any of these highly booked spas. We recommend calling at least 3 weeks ahead of time to make sure you can get the treatment and time you're looking for.   
Post Date : 06/29/2022
Title : How Pacaso is Making It Easier to Buy a Second Home on Maui
Description : Co-Own a Second Home on Maui  A luxury second-home or condo on Maui is becoming more attainable with a new co-ownership model introduced recently by Pacaso. Pacaso, created by a group of former Zillow execs, is a tech-based marketplace that connects luxury real estate buyers and sellers to facilitate affordable co-ownership of second homes in the most desirable locations around the world. They have initially brought co-ownership opportunities for homes and condos in Kapalua and Wailea, but are expected to acquire other luxury residences around Maui soon. This co-ownership model essentially breaks the ownership of the property into quarters, with each owner being given three months. 2 months are selected throughout the year and one month each for the most desirable months in the winter.  So, if you are really only able to spend 2-3 months in your Maui vacation home and you’re not looking to rent your property for rental income when you are away, it could be an attractive and convenient alternative to a traditional purchase. What Pacaso on Maui Does for Buyers Pacaso has a very interesting co-ownership model that enables buyers to purchase a quarter to a half of a condo or home instead of paying for the entire property. These may be contemporary homes or luxury condos for sale in Wailea or in other prestigious locations across Maui. The condos and homes that are listed for sale are high-end with a sales price that equals or exceeds four times the median value of homes on Maui. Thanks to the co-ownership structure the homes sold through Pacaso on Maui have occupancy for close to 90 of the year. Pacaso purchases the homes initially, and they are resold in fractional ownerships. Through Pacaso, up to four separate buyers may purchase fractional ownership in a property. Innovative Financing Pacaso also has an innovative financing model that currently offers a very attractive rate sheet. At 50 down, a buyer can capitalize on a loan 3.5 interest on the other 50, even while national second home interest rates are above 6. They offer a 10-year ARM with no prepayment penalty. You could also choose to work with a local Maui lender to finance the deal too. The Impact on the Community Thanks to Pacaso’s innovative system, many people who may not have been able to enjoy a luxurious lifestyle in their own Maui home or condo can now live that experience. In the process, they can positively contribute to the local economy. However, Pacaso will do more than bolster Maui’s economy. Pacaso has graciously supported Puko’a hina’ole, which is the island’s exclusive water quality lab. Its support was initiated with a $10,000 donation. This will grow with additional donations made for each home that is purchased through the Pacaso system. The lab, which was established in 2020, focuses on research, education, and community health, and it is affiliated with the University of Hawaii.  Its objectives are to promote great water quality for Maui’s residents and to protect the coral reefs throughout the state.   The Benefits of Co-Ownership  Furthermore, Pacaso on Maui may minimize waste and ensure optimized use of condos and homes on Maui. Specifically, many second homes around the world are only occupied for a few months of the year. Some of these homes are used as short-term rentals for the remainder of the year. However, many of Maui’s elite communities specifically forbid the use of homes as rentals. This means that these second homes would sit idle for months of the year when they otherwise could be enjoyed fully by multiple owners. Through Pacaso’s fractional ownership structure, real estate use on the island is optimized. This is true for many other luxury communities throughout the United States, and Pacaso is also active in some of these other markets.  Generally, fractional ownership of homes and condos is not permitted on the island. However, Pacaso’s unique system enables it to bypass the established, related laws for the benefit of potential homebuyers. Some local residents have expressed concern about the impact that Pacaso’s activities may have on the affordability of homes in the area. After all, the real estate market is tight across all price points. However, Pacaso states that its activities will not impact housing affordability because it exclusively operates with high-end homes that are offered for sale far above the median home price on the island. How Pacaso Works Many real estate agents like myself have clients with high standards as they search for luxury homes or condos in Wailea and other luxury areas of Maui. However, some of these clients have been priced out of the homes that live up to their expectations because of Maui’s extraordinary housing market. Pacaso on Maui enables us to help our clients find a second home that they will love.  Luxury homes and condos are initially purchased by Pacaso and are placed in an LLC. Buyers can search through a range of premium listing options. Once they find something that they are interested in, they can purchase a share of ownership for the LLC that owns that particular home. Specific details, such as access dates are predetermined in the LLC documents. Pacaso will not have any ownership interest in the property after the transaction has been completely finalized. Pacaso’s innovative app, Pacaso Access, enables buyers to conveniently shop for a home through a mobile device. For taking advantage of this convenience, buyers may receive up to a $10,000 credit that is applied toward closing costs. Expect More Inventory At first, Pacaso hasn't had a lot of different properties to choose from. The first Maui listing through Pacaso was located in the prestigious, gated resort community of the Ironwoods on the Kapalua Bay Golf Course, overlooking Ironwoods Beach. Currently, there are shares available at Ho’olei in Wailea, one of the most sought-after luxury condo communities in Hawaii. Three other listings have also sold, but we expect this to gain some traction and open up possibilities for buyers looking for a second home for just a few months of the year. Learn More Today Pacaso is a relative newcomer to Maui’s real estate scene, but it is already making an impact with its offerings. You can conveniently view the current listings on my site and keep up with future listings as they become available. For more information about the second-home possibilities available to you through Pacaso and how the fractional ownership system works, please give me a call at 808-214-4799 or send an email to evan@mauieliteproperty.com.    
Post Date : 06/24/2022
Title : 5 of the Best Oceanfront AirBnB Homes on Maui
Description : Five Amazing Oceanfront Airbnb Homes on Maui Finding that perfect oceanfront vacation retreat on Maui can be challenging. There are several options out there and it can be hard to sort through them all. So, I've put together my favorite 5 Airbnb listings in this category. From smaller homes to expansive estates, this list has a little bit of everything.  The Napili Cove Tropical Retreat  View On AirbnbNapili Cove This oceanfront oasis on West Maui is an excellent alternative to staying at a crowded resort. Find solitude, serenity, and sunshine in this 2 bedroom, 2 bathroom modern island home right on Napili Cove. You can literally take 5 steps and snorkel in a secluded cove with sea turtles and then return to your spacious lanai. Enjoy massive ocean views from virtually everywhere in this picturesque retreat.  West Maui has everything you could want. Four of Maui’s best golf courses are located close by and world-class beaches like Kapalua Bay and Ka’anapali Beach are only minutes away. This is an extremely popular listing, so, consider booking 5-6 months in advance if you want to find yourself unwinding on island time at your own Maui beach retreat Airbnb in Napili. Wailea Sunset Estate View On AirbnbSELECT SUMMER DATES SPECIAL PRICING BEAUTIFUL OCEANFRONT WAILEA SUNSET ESTATE If you need some space for the whole family, and possibly some other families too, the Wailea Sunset Escape in Makena is the perfect private oceanfront. Nestled on a little over 3/4 of an acre, the expansive 4,832 square foot residence is equipped with 4 bedrooms and 5.5 bathrooms. They allow for groups of 14 and have extra beds to accommodate everyone comfortably. When not swimming in the ocean directly in front of the home, enjoy a large pool and hot tub.  Every last detail was painstakingly considered in the construction of the Wailea Sunset Estate. Dark mahogany and rosewood floors/cabinetry accent the green sea foam marble countertops and are complemented by luxury furnishings. A large lanai is at your disposal to enjoy the beautiful sunsets and for those late-night card games. Being located on Old Makena Road, you're also within walking distance to many of the best restaurants in Wailea. Enjoy the royal treatment when staying at this luxury estate with additional personal concierge service at your disposal.  Villa Moana Maui View On AirbnbPrivate Beachfront Luxury Villa The residence known as Villa Moana Maui is located on Ulunui Street in North Kihei. Located in an extremely private, oceanfront neighborhood, this luxury residence has been recently remodeled to provide the highest level of accommodations for its guests. Spacious enough to accommodate 16 guests, the 8 bedrooms and 6.5 baths ensure that everyone has their own private areas. The natural finishes of this luxurious home create a wonderful ambiance for soaking in the relaxing Hawaiian weather.  Not many consider this part of Maui when looking for luxury residences, it's kind of a hidden gem. It's nestled away on the beach but is also within walking distance to one of Maui's most popular restaurants at Nalu's. It certainly helps that the owner is a former Ritz-Carlton manager who takes extreme pride in providing the ultimate oceanfront experience at this remarkable Airbnb.  Nalu House View On AirbnbDesigner oceanfront home in the heart of Paia The Nalu House is situated directly on the ocean in the Northshore community of Paia. The residence is a 2,100 square foot 2 bedroom, 3 bath luxurious getaway in one of Maui's most charming areas. With all of the elegance you would expect from Four Season in Wailea, Nalu House house has impeccable interior design and all of the amenities you'll need for your Maui getaway.  Paia Bay is only steps away and so are all of the fun things to do in Paia. For water sports lovers, you're close to Baldwin Beach, Spreckelsville, and Kanaha as well as a short drive from Ho'okipa. After reading the reviews you'll notice there is definitely a consensus on how amazing this beach house truly is.  West Maui Oceanfront Mansion That Sleeps 32 View On Airbnb1 Rated Luxury OCEAN FRONT Mansion Sleeps 32 So, let's say you need some space...like, a lot of space This luxury oceanfront residence comes in with 9,990 square feet of living space. It's massive It's basically its own boutique hotel lending itself the perfect choice for large groups for weddings, corporate events, family reunions, and anything requiring 11 bedrooms and 11 baths. The remodel that was done in 2020 was absolutely amazing and with rates around 5,000 a night, it's actually a great deal if you have a huge group and do the math on per person cost.  This retreat has its own gym, several different dining and living areas, incredible ocean views, and is in a really cool area of West Maui known as Honokowai. As you'll see in the photos on the Airbnb listing, it has its own little sandy beach and it's only a 2-minute drive to Ka'anapali Beach or a 5-minute drive to the beaches of Kapalua. You can also walk to the farmer's market and Honokowai Beach Park.  Choosing An Airbnb on Maui There are a huge variety of amazing vacation rentals on Maui. The best way to find yourself at that dream location is to plan well in advance as the best places always book out ahead of time. I specialize in helping buyers and sellers of these amazing properties. I also have connections with property management companies on Maui. If you would ever like to discuss the market or need guidance in any way, I'm always here to help.   
Post Date : 06/10/2022
Title : Market Perspective: Is The National and Local Real Estate Market Shifting?
Description : Broader US Market Conditions And How They Affect Maui It’s no secret that property values and prices on Maui have increased at an astronomical rate since interest rates were slashed in 2020 during the pandemic. While properties on Maui typically appreciate slightly faster than most other markets, a similar vertical pricing trajectory has been happening across the country. Even today, we are still in one of the hottest seller’s markets in history. Fortunately for buyers, there are some indicators at the national and local levels that the market is shifting slightly and should begin to level out. The clickbait stories in the national media want us to believe that we are in a housing bubble, but how likely is it that home prices could actually be lower in the next year than they are today? Has The Market Peaked? While major indicators are showing signs of a real estate market slowdown, many experts are not expecting a decline in home values. In fact, you may expect a more modest level of continued growth in home values. Keep in mind that home prices are still soaring. In fact, as of April 2022, the year-over-year median sales price was up 14.8 nationally, according to the National Association of Realtors. The median sales price of existing homes in the US topped $391,000 at that time, which was an all-time high. On Maui, our median residential single-family home price is 1.2M, 3 times the national average, and a 27.4 increase from the previous year and our median price of all properties was 872k in May of 2022. Low supply and high demand are still driving the market. Until there is approximately two to three times the number of properties for sale at any given time, prices will continue to rise and we can't foresee any event that would create this scenario in the short term. Rising Interest Rates Are Designed to Cool The Market As you know, the Federal Reserve is responsible for steering monetary policy in the United States. One of its primary tools for doing so is adjusting the federal funds rate. This is the interest rate for credit unions and banks when they lend money to each other. By raising the interest rate, the Federal Reserve essentially clamps down on the free flow of money. The banks and local lenders, in turn, increase their interest rates for consumers. Recently, the Federal Reserve’s interest rate has been bumped up to 1. It was at 0 as recently as March 16, 2020. Several more rate increases are projected throughout the remainder of 2022. These increases are in direct response to inflation. The inflation rate in the U.S. hit 8.3 in April 2022, which is close to a 40-year high. The hot housing market has been one of the many driving factors for the increase in inflation. Where Will Rates End Up? As a result of the Federal Reserve’s recent change in monetary policy, the average interest rate for a 30-year mortgage is now higher than 5.3. It was below 3 for much of 2020. When interest rates are low, homebuyers can more easily afford higher-priced homes. While home prices have been escalating rapidly in recent years, the lower interest rates enabled buyers to absorb those increases. Now that interest rates are higher and are projected to increase further, however, affordability is increasingly a concern for buyers. This is magnified by the fact that real estate prices have continued to rise thus far. The Fed has indicated at least a couple of more quarter-point increases are on the way over the next year, but they seem intent on balancing the needs of the economy by doing this slowly and based on broader economic news, especially from retail sectors.  Balancing Affordability With Demand Home affordability is an increasing concern in many real estate markets across the country. When buyers simply cannot afford the mortgage on a new home, sales slow. As a result, the median sales price of existing homes will gradually even out. Essentially, the rising interest rates will flatten sales prices to keep affordability in check. If interest rates rise too much, however, sales prices in some markets may decline. The Federal Reserve strives to maintain a reasonable level of economic growth, so it keeps a close eye on the real estate market. If home prices decline, you can expect the Federal Reserve to adjust its monetary policy accordingly to promote economic health. With this in mind, rising interest rates will serve to stabilize home prices. However, growth, albeit more modestly than in the last two years, in real estate prices is expected to continue.     (Slightly) Slowing Real Estate Sales There are many factors that drive real estate sales. For example, home prices in many markets have risen so sharply over the last few years that wages have not kept pace. The net effect is that housing affordability has actually declined in markets across the country. When people cannot afford the sales price of a new home, sales will naturally decline. Essentially, home prices cannot continue their breakneck pace upward indefinitely.  Interest rates also impact affordability. When interest rates rise, the upper sales price limit that a buyer could afford declines. In this way, interest rates can rein in sales prices so that they are more aligned with what buyers can afford. It is important to note that affordability is also affected by the cost of living. Rising inflation has been spurred by rising food and gas prices as well as price increases for cars and other goods. Inflation has hit all markets across the country. In some cases, it has added a few hundred dollars or more to a person’s monthly expenses. This impacts the amount of money that is available for housing each month. Some of those who may have otherwise been planning to buy a home in the near future may no longer be able to afford to do so. A Slight Increase in Listings is a Great Sign These effects on home sales are already evident. In fact, as of April 2022, home sales have declined, even if slightly,  for four straight months. Many homeowners have continued to list their homes for sale over the last few months. Because there is a general fear among some homeowners that they could miss out on the opportunities presented through the hot real estate market, many have decided to jump into the market. A positive indicator for buyers is that, as of May 26, 2022, listings jumped 9 in one week compared to the same time last year. At the same time, however, the number of signed sales contracts has declined. In April 2022, pending home sales were 4 lower than the previous month and 9 lower from a year ago. Be aware that this increase in listings may be short-lived as the market continues to cool. Months Supply of Homes Going Up Nationally, Not Yet Locally The key metric and major indicator that the market is leveling out will be 'months supply of homes'. This basically says that in any given real estate market, if no new inventory were to become available, the existing inventory would sell in this number of months. Prior to the pandemic that number was around 6 months, at its low, this number was around 1 month. The supply of homes on the national market has recently increased overall. This is a product of buyers being a little more discerning about what they offer and how aggressive they go. In January 2022, the supply of homes for sale was 1.6 months. However, this is now increased to 2.2 months. As interest rates rise and affordability increasingly becomes a concern, the supply of homes available is expected to increase further. This is a sign of a more balanced real estate marketplace, it does not indicate that a housing market bubble is about to burst or that there was ever a bubble, to begin with. It is important to note that the supply of homes describes both existing homes and new construction homes. In many areas, rental rates have increased dramatically as well. This means that both buying and renting are increasingly unaffordable for many people. To combat this problem, some areas have tried to increase the supply of new homes. One way that they have tried to do this is by easing building restrictions. While this does not apply to all markets, it has a direct impact on supply in specific areas. Supply Chain Issues Supply chain issues that have been directly caused by the COVID-19 pandemic have impacted construction as well. In fact, in some markets, builders struggled to keep up with demand over the last year. Some builders had waiting lists for their homes. While supply chain issues continue today, they have eased slightly. This has resulted in a more reasonable supply of new-construction homes in some markets. As the demand for homes continues to wane, this supply is expected to increase. When the supply of homes in a market increases, prices will naturally level off. There may be fewer bidding wars, and many homes may sell for the asking price. If supply continues to outpace demand, buyers may be in the position to offer less than the asking price. Homes may also remain on the market for a longer period of time, and this may drive some sellers to consider making seller concessions. If the housing market becomes extraordinarily saturated with listings of new and existing homes, there is the potential for listing prices to decline overall. However, there are many factors in place that may make this highly unlikely. For example, the Federal Reserve can respond to oversaturation in the market by adjusting interest rates. In addition, as prices level out, the demand among buyers may stabilize. The Future of the US Real Estate Market The housing market crash that started with the Great Recession of 2008 had harsh impacts on millions of people, such as through foreclosures and short sales. As a result, today’s homeowners understandably are concerned about the possibility of a repeat event. While there is always a chance that home prices could plummet in the near future, the reality is that this is unlikely. Consider, for example, that the previous housing market crash was the result of extremely lax lending standards along with regulatory oversight. Many homeowners were granted mortgages that they could not comfortably afford. Others were given adjustable-rate mortgages that became unaffordable as interest rates increased. Since that time, lending standards have dramatically improved. For example, there are stricter debt-to-income ratio requirements in place, and zero-down mortgages are generally only available through the USDA and VA loan programs today. The Influence of the Federal Reserve  In addition, the Federal Reserve meets eight times each year. Prior to each meeting, it carefully analyzes all aspects of the national economy. The housing market is influenced by other sectors of the economy, including inflation, unemployment, and more. With this in mind, the Fed’s well-rounded approach to making interest rate adjustment decisions will help the housing market to come in for a soft landing. If signs of a pending crash are identified, the Fed will undoubtedly make rapid adjustments as a preventive measure.  Interest rates and lending policies undoubtedly play a major role in the future of the US real estate market. This is because they impact demand. Supply is also a key factor that impacts the market. When supply far outpaces demand, housing prices may level off and eventually decline. However, a sharp increase in supply is unlikely. As housing prices cool off, some sellers may be less inclined to list their homes for sale.  However, the availability of new-construction homes may increase in the near future. This is because of expected easing in the supply chain for building materials and the increase in interest rates. With this in mind, supply and demand are expected to become more aligned. As a result, the health of the market may improve overall. What We Can Expect Whether you plan to buy or sell a home in the months ahead, you understandably need to know what to expect. Many buyers are rate-sensitive. If you are buying a home, you may be inclined to make an offer sooner rather than later in order to lock in a great interest rate. If you are selling a home, you may be inclined to list your home for sale soon before the market cools off and still have a chance at inciting a bidding war. While these are reasonable motivations, it is important to note that the market is expected to find a level of equilibrium in the near future as all of these various factors leave their mark. With so many factors at play and with notable uncertainties in many aspects of the global economy, you should also be aware that it is not possible to accurately predict what the market will do at any given time. Nonetheless, experts tend to agree that the market will improve for buyers over the next 12 months and we are most likely going to return to a pre-pandemic level of yearly price appreciation. If you or anyone you know would like to discuss the current market and how you can be successful in it, please feel free to call, text, or email me anytime.     
Post Date : 06/01/2022
Title : Self-Managing a Short-Term Rentable Property on Maui | The Vacation Rental Guide
Description : An Owner's Guide To Self-Managing Your Own Airbnb Managing a short-term rentable condo on Maui is a great way to earn passive income on a property and have a second home in paradise at the same time. Most of our clients that purchase these types of properties are from the US mainland or Canada and use a local property management company to ensure everything runs smoothly. While there are many benefits to using a property management company, there are some who elect to manage the unit themselves with great results. However, managing an Airbnb when you can't consistently visit the property to make sure it's in good shape can be difficult, but it can be incredibly profitable once you have a system in place. Here are some useful tips I’ve discovered from my experience in the business for managing your short-term vacation rentable unit remotely.  1. Marketing and Monitoring Prices For this investment to work out for you, it’s critical that you ensure that you’re getting the highest possible occupancy rate while charging current market prices. Many self-managers don’t monitor market prices of comparable units and will still be advertising rates well below what they could be getting. Staying on top of prices is one half of the equation, the other half is making sure you’re listing is turning heads online.  Get Professional Photos and Videos There are thousands of available properties for rent in any given market, especially the Maui rental market. Make sure your listing speaks of professional management and shows why your unit is the one to book. Get professional photos of all main parts of the unit, showcase the view if it has one, and make sure you include pictures of the amenities at the complex. Many go as far to make a video with a virtual walkthrough to really give guests an inside look into what it would be like to spend a week in your unit.  Reviews Drive Sales From the beginning, be committed to providing outstanding service and always request reviews for your unit from every client. If you’ve purchased a home or condo from me, you know I always request reviews. You can even read mine here. Reviews are the social proof of the 21st century and let other possible clients know what your previous clients think about you. You don’t need to pester your clients. All you need to do is provide service that is above and beyond and when they check out, send them a thank you note for staying along with a couple of links to make the process easy for them. We’ve all decided against or for a purchase based on reviews and in a competitive landscape like Airbnb, you’ll want to get those great reviews 2. Use Tech to Manage Access You can't be everywhere at one time, so you need to get your guests a key to the house somehow. Ideally, you could hire someone to handle this for you, but you'd be responsible for paying for their travel, which could get expensive. Instead, you can offer a self-check-in or key management service by using smart locks or smart key safes.  With a smart lock, you can put a pin padlock on the door and make it accessible by app only so only you can create a pin for guests. Additionally, you can put a key safe on the door lock and control it with an app. This option is not a lock itself, it's a safe that contains the key to the property.  Nothing is worse than a guest getting locked out without a backup key readily available. With a keypad or app-based entry, you’ll be able to make sure your guests are taken care of and this contingency never happens. 3. Management and Accounting Software You'll want some management software to automate as many of your recurring tasks and communications as you can. Keeping everything organized is paramount to keeping guests happy and making sure the county and state get their taxes paid on time. Management software can offer guest communication, availability calendars, reservation management, and online payments to allow guests to book their own stays easily and keep your involvement at a minimum. Lodgify offers a nice solution.  There are a variety of expenses and associated taxes with owning a short-term rentable condo on Maui. Beyond paying property taxes, you’ll be paying GE tax as well as Transient Accommodation Tax. You’ll need to pay your monthly HOA, the electric company, and other service providers.  4. Cleaning Services After every guest checks out, you'll need to clean the unit and prepare for your next guest. However, you can't clean the property yourself when you're managing remotely. Instead, you can hire a professional cleaning service that will handle routine tasks after your guests leave, including cleaning and organizing, disinfection, and refilling toiletries. Many cleaning services specialize in short-let rentals, such as AirBnbs. If you would like a referral for this task, just give me a call at 808-214-4799 and I’m happy to share my list with you. Your cleaner will also most likely be your required on-island point of contact on the island, required by the county for off-island owners. That will be a pivotal relationship in your success.  5. Repairs and Maintenance You'll need to have repair and maintenance contacts available any time of day to take care of emergencies. All properties require some level of maintenance, so it's important to be able to serve your guests to provide them with a quality experience even when something goes wrong. As a landlord, you must ensure that problems are resolved timely, and your guests expect this of you. Anything less than the best service will result in a negative review that hurts your bottom line. Hiring a professional maintenance team that's able to respond to issues any time of day is imperative. Your maintenance team should consist of: Electrician Plumber Handyman  Pest control service You can also invest in a service that will take care of maintenance and problems pertaining to the property for you. Instead of dealing with coordinating multiple people, a company will take care of hiring professionals and ensuring your AirBnb is properly taken care of.  6. Security Cameras As a host, you must tell guests if you have any security cameras in the home. Having cameras in the home may prevent your property from getting booked, so it's typically best to keep them outside so you can monitor guests coming and going instead of what they're doing inside the home. While it might not sound useful to watch guests come and go, it can be helpful to ensure guests and checking in and out on time. Plus, as a great host you should respect your guest’s privacy.  7. Provide a Welcome Package Airbnb is all about providing a quality service that's better than anything guests could get at a boring hotel. Providing a welcome package is a great way to introduce yourself without the need to be there to hand your guests the key. Your welcome pack should provide: A nice welcome note House rules Trash disposal instructions Information about local attractions  Emergency contact numbers Information about the property, such as WiFi password, how to use the appliances, etc. 8. Be Available Even though you can't pop in whenever your guests need something, you should remain available. You can expect a few late-night messages or calls from guests with emergencies, so it's important to pick up the phone or give them information on who to contact via your voicemail recording. During the day, guests will expect to be able to contact you directly and not have to call anyone else. By being available, you can provide them with a quality experience to get good reviews and start booking more guests.  A Successful STR Investment Should Pay Your Bills (And Then Some) There are many ways to reduce your mortgage costs, but vacation renting can typically cover all of your payments. We find that with 30-40 down, you should be at break-even or above based on historical data and current clients' data. As rates begin to tick upwards after the historical lows of the last couple of years, you’ll certainly want to stay in tune with home loan interest rates. Many mortgage lenders on the mainland will not finance short-term rentable properties on Maui, also known as condotels. You really do need to work with a local Maui lender to get the loan approved and I can provide a list of my top lenders easily upon request. Maui recently banned renting single-family residences on a short-term basis and the consequences for breaking this law are pretty severe. Many markets on the US mainland and in Canada still allow for this practice though. If you’d like to discuss any of these aspects of self-managing an STR, feel free to give me a call to discuss. Choosing the right unit to begin with is one of the most important steps to a successful investment and I specialize in helping investors like yourself do just that. Final Thoughts Managing AirBnbs by yourself without being physically present can sound overwhelming, but with these tips, you can allow guests to check themselves in and learn about the property and your rules on their own. Additionally, by finding 24/7 maintenance vendors, you can rest assured the property can be properly maintained and cared for even though you're not there.  If you’re thinking that self-managing isn’t for you, which it isn’t for most, check out this article on property management companies on Maui for more information on that.    
Post Date : 05/21/2022
Title : Enjoying the Best Coffee On Maui By Area | Maui's Best Coffee Shops
Description : The Best Coffee On Maui By Area The 'magic bean', as one of my former chiropractors used to lovingly refer to coffee, is a ubiquitous part of many of our daily lives. And for those of us that live on Maui and for the millions that visit every year, knowing where to find the good stuff is all part of being a connoisseur. Sure, Maui has many Starbucks locations conveniently located around the island and I'm not above the occasional Nitro Cold Brew from the coffee giant. But, Maui is blessed with so many great locally-owned coffee spots that it's almost a crime not to check them out.  I've narrowed down several of my personal favorite local coffee shops to drop into when I'm in these different parts of the island and the next time you're in the area, you should too The Best Coffee Shops of West Maui Bad Ass Coffee Situated in Lahaina, Bad Ass Coffee has been offering a range of hot, cold, and blended coffee beverages to its customers since 1989. Located right on Front Street close to Lahaina Harbor, all of the beverages are made with the finest Hawaiian coffee beans. Some of its signature lattes include Coconut Mocha, Caramel Vanilla, Monkey Mocha, and more. If you want to enjoy Bad Ass Coffee at home, you can pick up your favorite varieties in the shop or through the website. You can also read my blog on the best restaurants in Lahaina. Island Vintage Coffee  Island Vintage Coffee has been a popular spot in West Maui since 1996. It boasts a chic yet distinctly Hawaiian vibe while serving the Ka'anapali area in the Shops at Keka'a and specializes in serving Kona coffee that is perfectly roasted each day. When you stop by Island Vintage Coffee, you can also enjoy shaved ice, wine, pastries, salads, and other options. The Coffee Store in Napili The Coffee Store in Napili offers a quaint, inviting café experience in the Napili Plaza and specializes in both espresso and Kona coffee beverages. Some of its most popular coffee options are Kahlua and Cream, Mainline Mocha, and Dulce de Leche. Smoothies, pastries, sandwiches, and other notable options are also on the menu at The Coffee Store in Napili for you to enjoy. If you're going to be in the area, check out the best restaurants in Kapalua. Where To Go When You're in South Maui Akamai Coffee  Akamai Coffee has locations in Kihei and Wailea, and it sells coffee and beans in its shop and online. The Wailea location sits just below the Wailea Ekolu condo complex. With a venue that is both industrial and island-inspired, Akamai Coffee creates an idyllic coffee shop experience. Look for its specialties like Maui Mokka, Akamai Signature Roast, Makawao Avenue, Peppermint Mocha, Thea Perouse Latte, and more. Akamai is known for not having a Wi-Fi connection for its clients in order to inspire a more social and conversational atmosphere. Check out the best 5 restaurants in Wailea. Kraken Coffee  Kraken Coffee offers its full menu from a food truck located just off of South Kihei Road. It is well-known for its energetic, lively baristas, easy drive-thru convenience, and its great mix of drinks. Some of its more popular options are the Kihei Kicker, the Dirty Kraken Chai, the Mocha Frappe, and the Mocha Wao. Picnic tables are available nearby for you to enjoy an open-air experience. Kihei has many great restaurants, you can read my guide here.  Central Maui's Best Coffee Shops Maui Coffee Roasters  Maui Coffee Roasters has been a mainstay in the heart of the island since 1982. The Kahului café is decorated with fun artwork and painted tables, which creates an inviting place to enjoy coffee beverages and other treats. Drinks include the Sledge Hammer, the Espresso Ristretto, the Honey Latte, and more. Maui Coffee Roasters also serves egg wraps, sandwiches, salads, and other menu options for breakfast and lunch. It also happens to be located next to one of our Coldwell Banker offices which makes it very hard not to go back for seconds.  Wailuku Coffee Company  Wailuku Coffee Company is uniquely located in an old-fashioned gas station along Market Street in downtown Wailuku, which brings a touch of nostalgia to your experience. Try popular coffee beverages like Coconut Buttered Coffee, Café Au Lait, Carmilla Latte, and others during your visit. There are also breakfast and lunch menu options like the Breakfast Wrap and the Turkey Cranberry Wrap that you can enjoy with your beverage. The Nest Time You Find Yourself in Paia Town Paia Bay Coffee Paia Bay Coffee serves exceptional coffee beverages as well as beer, wine, and delicious meals in a relaxed, garden-style café. Coffee drinks include Iced Lavender Latte, Iced Vegan Coconut Caramel Latte, and others. Banana pastries, Breakfast Quesadillas and Avocado Toast are a few of the dishes on the food menu at Paia Bay Coffee. Better Things  Better Things is a boutique coffee shop that focuses on providing patrons with healthy food options and high-quality coffee. It offers an impressive selection of coffee beverages, including lattes, mochas, cappuccinos, cold brews, and more. Cinnamon rolls, banana bread, and Banana Power Waffles are some of the options included on the food menu. Where to Go When You're Upcountry Grandma’s Coffee House Grandma’s Coffee House is a charming café with a laid-back atmosphere in Ulupalakua past Kula. It's one of Maui's most venerable coffee shops that radiates the charm of Old Hawaii. You can enjoy your beverage inside the classic café or on a patio while you take in tropical views. The venue offers traditional coffee and tea beverages, including mochas, lattes, chai lattes, and more. It also has a robust sandwich menu with options like Egg Salad Sandwich, Vegan Burger, I’m Hungry, and others. Espresso Mafia Espresso Mafia was a modern yet rustic food truck located in the heart of Makawao. They have recently taken over the location where Sip Me was on Baldwin Ave in Makawao Town. This family-owned coffee shop specializes in beverages like Italian Espresso, Coconut Cold Brew, Matcha Latte, and others. You can also enjoy options from the food menu, including the Caprese Sandwich, donuts, and banana bread. Picnic tables are available on-site, or you can grab your food and drink to go. Crema at Marlow Crema at Marlow is a modern coffeehouse with an upscale yet relaxed vibe. It offers both indoor and outdoor dining areas in a convenient location in Pukalani. Crema at Marlow brews a variety of specialty drinks, including Honey Lavender Latte, Crème de la Crema, Cold Brew, and others. Pastries and sweet treats are also available for you to enjoy with your beverage. In the evening, the space is also one of Maui’s very best pizza restaurants with a variety of specialty items. Located next to the Mahalo Aleworks brewery, its become the new hot spot of Pukalani. Coffee Shops in Hana Hana Harvest Hana Harvest offers a beautiful setting for you to enjoy coffee on Maui. The venue has a farm-like feel with umbrella-covered tables on a lovely deck. From its perch in the hills, Hana Harvest delivers lovely views of the ocean. This restaurant offers espresso shots, Americano coffee, lattes, mochas, and more. In addition, its menu includes fruit smoothies, wood-fired pizzas, ice cream, sandwiches, and other types of cafe fare. Jaws Country Store Jaws Country Store has a surfer shop vibe with both indoor and outdoor dining areas. Surrounded by a lush, tropical landscape, the venue is known for its dishes made with fresh, organic ingredients. Jaws Country Store specializes in select coffee drinks, including lattes, cappuccinos, and Americano coffee. Both breakfast and lunch dishes are available as well. Some of these are Feta Avocado Toast, Bondiola Port Sandwich, Smoked Salmon Sandwich, and other items. It Feels Good To Support Local Businesses I love supporting local businesses and I hope you do too. These coffee shops are local businesses that help make up the backbone of our community here on Maui, so when you're enjoying their delicious coffee and treats it tastes just a little better knowing that you're supporting the local community. If you'd ever like to meet up to discuss the market over coffee, shoot me a message below and I'm happy to make it happen.
Post Date : 05/20/2022
Title : The 8 Most Delicious Restaurants and Eateries in Lahaina
Description : Situated on Maui’s western coast, Lahaina has been a melting pot of cultures over the last few hundred years. Today, this fascinating range of cultures is on full display through the eclectic cuisine available in some of the area's most popular restaurants. Whether you are planning a trip to Lahaina soon or you are a local resident, the best restaurants in Lahaina will undoubtedly delight your tastebuds. In no particular order, these are some of the popular restaurants that are rightfully known for their delicious dishes. Mala Tavern View this profile on Instagram MĀLA (@malatavern) • Instagram photos and videos I start with Mala Tavern because I recently had an amazing brunch there and nothing says vacation mode like a killer brunch. They have certainly nailed the brunch menu and atmosphere. Sitting oceanfront and enjoying a specialty mimosa along with an assortment of great dishes is the best way to enjoy a Saturday afternoon. Mala Tavern is a gourmet restaurant moonlighting as a casual oceanside beach house that offers an intimate dining experience near the beach. While you enjoy its Mediterranean and Pacific Rim dishes, you can take in water views from the outdoor patio or dine indoors in a modern yet distinctly Hawaiian dining room. The brunch and lunch menu features everything from Spicy Ahi Poke Salad and a Greek Pita Wrap to Mala Cristo(ridiculous by the way), Crab Frittata, and more. For dinner, you can sample dishes like the Huli Huli Chicken, the Seafood Brodo, and the Braised Pork Shank. Mala Tavern also has a full range of wines and cocktails to pair with your entrée. Cocktails include delights like the Honey Badger, the Ube Bang Bang, and the Front Street Swizzle. Lahaina Grill View this profile on Instagram Lahaina Grill (@lahainagrill) • Instagram photos and videos Lahaina Grill is a fine-dining bistro located right off of Front Street, within walking distance from the Aina Nalu, with an impressive range of menu options. It has been rated among the top restaurants in the United States by Tripadvisor and Open Table. White tablecloths and fine art decorate the dining room to elevate your dining experience. On the menu, this contemporary bistro offers a range of both Hawaiian and seafood dishes. Some of the notable dishes to try during your next visit are the Kona Coffee Roasted Colorado Rack of Lamb, the Maui Onion and Sesame Seed Crusted Seared Ahi, and the Sauteed New Zealand Ora King Salmon Fillet. In addition to offering a variety of wines to pair with your meal, Lahaina Grille has many signature cocktails. Some of these are the Paloma, the Pho Cocktail, the Maui Mule, and the Black Manhattan. Star Noodle View this profile on Instagram Star Noodle, Lahaina, Maui (@star.noodle) • Instagram photos and videos When you are in the mood for delicious Asian cuisine in Lahaina, Star Noodle will not disappoint you. It boasts a contemporary dining room with wood accents for a natural touch as well as an open-air patio overlooking the water. Celebrating the Hawaiian spirit, Star Noodle offers shared dishes for lunch and dinner, including options like Steamed Clams with Black Beans, Nuoc Cham Chicken, and Adobo Ribs. The restaurant also specializes in noodle dishes like Hapa Ramen, Star Udon, and Garlic Noodles. The drink menu features specialty cocktails like the Asian Pear and a full range of wine and sake options that can elevate your dining experience. This is just a really fun place with a really fun menu. With their new location on Front Street, just a short bike ride from Puamana, where Aloha Mixed Plate used to be, now you can enjoy ocean views at one of Maui's best restaurants.  Frida's Beach House View this profile on Instagram Fridas beach house (@fridasmaui) • Instagram photos and videos Frida's Beach House is a waterfront cantina that specializes in gourmet Mexican dishes. The dining room has a distinctly coastal feel with wood floors and exposed-beam ceilings. In the evenings, a local musician is often featured on the patio. For a delicious lunch or dinner treat, select entrees like the Mala Burrito, the Grilled Spanish Octopus, or the House-Made Chile Relleno. Tequila-based cocktails are also on the menu at Frida's Beach House, including the Desert Blossom, the Mexican Old-Fashioned, and La Familia Margarita. This restaurant is a really fun blend of gourmet dining along with Mexican and Hawaiian culture. Perfect location and a seriously incredible collection of hand-crafted margaritas.  Ono Tacos Food Truck View this profile on Instagram Ono Tacos Lahaina (@onotacoslahaina) • Instagram photos and videos If you are looking for a fast yet delicious dining option, Ono Tacos Food Truck will not disappoint you. In Hawaiian, the word Ono means "very good" and Ono Tacos is just that.  This walk-up Mexican food truck is situated conveniently on Honoapiilani Highway in a small shopping outlet at the end of Papalaua Street. Whether you make a to-go order or you dine at one of the outdoor tables nearby, you can enjoy taco options featuring steak, chicken, fish, shrimp, and more. There are also plenty of varieties of quesadillas, burritos, and tortas for you to try during your next visit to Ono Tacos Food Truck. They make all of their own salsa and toppings and have a bar where you can style up your tacos however you like. My personal favorite is the salad actually, you can get a salad with rice and beans on the bottom and two different types of taco meats on top. It's so Ono Moku Roots View this profile on Instagram MokuRoots (@mokuroots) • Instagram photos and videos Moku Roots offers a casual dining experience with a focus on vegetarian and vegan dishes. The dining room is dressed up with wood tables, bar-top seating, and a chalkboard full of menu options. A few patio tables are available as well. This farm-to-table, zero-waste restaurant has won numerous awards since it opened in 2018. The food at Moku Roots is inventive, creative, healthy, and fun.  This includes recognition from Eater’s Magazine, Yelp, Hawaii Magazine, and others. Moku Roots is open for lunch and dinner. Its vegetarian and vegan menu options include the Taro Burger, the Falafel Wrap, the Sushi-Rito, and the Blat. Paia Fish Market on Front Street Paia Fish Market on Front Street is a casual eatery that offers both patio dining directly on the main thoroughfare and a contemporary, laid-back interior space. Meals can also be ordered to go and picked up through the drive-thru window. Specializing in seafood, this restaurant features a range of locally-sourced fish varieties. These include Mahi Mahi, Opah, Snapper, Ahi, Ono, and others. Charbroiled fish varieties can be served on a plate or a burger. Some of the plate prep specialty options are blackened, Cajun-style, and sauteed. Other menu options available for you to sample at Paia Fish Market on Front Street are soft tacos and quesadillas featuring shrimp, fish, or other delicious options. There is usually a very long line at any of the three Paia Fish Market locations. You can also visit them in Paia or Kihei.  Teddy's Bigger Burgers View this profile on Instagram Teddy's Bigger Burgers ???????? (@teddysburgers) • Instagram photos and videos Teddy's Bigger Burgers is the place to go when you crave a home-cooked burger in Lahaina. This is a casual restaurant that uniquely combines the ambiance of a 1950’s dinner with a Hawaiian surf shop. All burgers are hand-crafted using fresh-chilled ground chuck with no fillers. The restaurant is known for its Super Sauce and Teddy’s Teriyaki Sauce. All burgers can be customized to the diner’s specifications. Some of the options are the Biggest Burger, the SOB, the Grilled Chicken Sandwich, the Mahi Sandwich, and others. Teddy's Bigger Burgers is also known for its milkshakes and soda floats. This is a chain burger joint that has sister locations in Honolulu, Kailua, Kaneohe, and beyond. Be on the lookout for their Cajun Tater Tots and a delicious off-menu item known as the Crossfit Burger, a bunless burger with avocado, bacon, and a side of their famous Teddy's sauce.  How Many Of These Restaurants in Lahaina Have You Tried? These 8 of the best restaurants in Lahaina each offer unique dishes that highlight the area’s culture in delicious ways. Whether you are planning an amazing trip to the area and want to sample local cuisine or you are simply interested in visiting some of the recognized restaurants in Lahaina, these are 8 places that I've tested many times and I'm sure you won't be disappointed. 
Post Date : 04/25/2022
Title : Kapalua Wine and Food Festival | The Event of the Summer on Maui
Description : The Annual Gourmet Event Returns to Kapalua From June 9th through June 12th, 2022, Maui’s food lovers and wine enthusiasts will join together at the 41st Annual Kapalua Wine and Food Festival. This exciting event will take you on a savory journey through the island’s culinary culture while delighting your taste buds at every turn. This four-day event will be held at the beautiful Kapalua Resort with special events and seminars held at popular venues in the area. From wine tastings and seminars to prepared meals and walk-up tastings, this spectacular 4-day foodie event offers something for everyone. Whether you are coming from your home in the nearby Pineapple Hill neighborhood or you’re visiting from much farther away, you can also explore the offerings from local, national, and international vendors alike during your visit to the festival. Celebrating Local Flavors in Kapalua Since 1981 The Kapalua Wine and Food Festival traces its roots back to 1981. Since that time, this special event has been hosted by the Kapalua Wine Society. The non-profit’s mission is to promote a higher level of appreciation among locals and visitors for fine food and wine. Notably, this festival is one of the oldest events of its kind throughout the country, and it brings together hospitality industry professionals, the media, food and wine lovers, and many others.  Previously, the event has included golf tournaments, cooking demonstrations, evening galas, and other festivities. For 2022, the festival promises to be just as enjoyable with special gatherings and events with a very special gala held on Saturday night at the Plantation House below the Kapalua Plantation Estates.   The Headliners of the Kapalua Wine and Food Festival for 2022 The Kapalua Wine and Food Festival is known for attracting talented winemakers and chefs from across the world. In fact, this year’s event will be attended by respected winemakers like Jackson Family Fine Wines, Brewer-Clifton, Joseph Swan Vineyards, David Arthur Vineyards, Penner-Ash, Peju Winery, Scherrer Vineyards, Kaena Wines, Hartford Court, and Amuse Bouche and Au Sommet. Several of the best restaurants in Kapalua will be hosting special dining events including Cane & Canoe Restaurant, Sansei Seafood Restaurant & Sushi Bar, The Plantation House Restaurant, and Taverna Restaurant. Throughout various events, attendees are offered wonderful opportunities to meet with the Master Sommeliers, winemakers, and respected chefs in attendance. The festival this year is sponsored by The Ritz Carlton Kapalua, Maui Visitors Bureau, Southwest Airlines, Kapalua Resort, Kapalua Golf, Kona Brewing Company, Fiji Water, and The House of Suntory. Schedule of Events For 2022 This year’s Kapalua wine and food festival will feature four days of tastings, education, and more. The festivities kick off on Thursday evening, and they run through a special farewell event on Sunday evening. Reservations may be required for some events, and tickets may need to be purchased individually for others. Because attendance throughout the event is limited to 3,500 participants, those who plan to attend are encouraged to make arrangements soon. Thursday, June 9, 2022 Hartford Court Winery Winemaker Dinner The Hartford Court Winery Winemaker Dinner will be hosted at Montage Kapalua Bay near the Montage Residences. At this event, you can enjoy special pairings from the winery’s most delightful vintages. These wines will be paired with dishes prepared by Executive Chef Eric Faivre from the Cane & Canoe restaurant. The event starts at 5:30 p.m. Several packages are available with a cost starting at $275 per person. Reservations are required to attend the Hartford Court Winery Winemaker Dinner. Call (808) 662-6681 to learn more and to reserve your space at this event. An Evening with Winemaker Fred Scherrer An Evening with Winemaker Fred Scherrer offers you another food and wine tasting event to enjoy on Thursday evening. This event will be held at Merriman’s Kapalua at 5:30 p.m. Packages are available starting at $250 per person. At this event, you will have the opportunity to learn from sommelier Fred Scherrer of Scherrer Vineyards while enjoying exceptional views overlooking one of Kapalua’s most pristine beaches.  Wines that have been hand-selected by Fred Scherrer will be paired with fine dishes to tantalize your palate. The multi-course menu will feature prepared dishes from Merriman’s own culinary artists. Merriman’s is known for celebrating Hawaiian cuisine and for pioneering the farm-to-table dining concept. Reservations are required for An Evening with Winemaker Fred Scherrer. Call (808) 669-6400 to make arrangements for your attendance at this event. Food & Wine Pairing with Rod Burgland of Joseph Swan Wines Thursday evening also provides you with an opportunity to enjoy a delectable dining treat prepared by Sansei Seafood Restaurant & Sushi Bar. The curated menu from this notable Maui restaurant will be accompanied by flavorful pairings that have been hand-selected by two well-known and respected wine experts.  These include Master Sommelier Michael Jordan and Rod “The Rodfather” Burgland of Joseph Swan Wines. Specific details related to the event’s time and cost are not yet available. Check back for more information about reservations as well. Friday, June 10, 2022  Taste Like a Master Taste Like a Master is an informative tasting seminar that both beginners and seasoned wine lovers can learn from. It will be hosted by Master Sommelier Michael Jordan. The host will explore the fine details of wine tasting and will help you to discover the advantages and nuances of the tasting grid. Taste Like a Master will be held at The Ritz Carlton Kapalua at 11 a.m. The event cost is $100. However, if you purchase a Seminar Package that gives you access to all four of this year’s seminars by April 30, you can save money. You can purchase seminar tickets directly through the festival’s website. West Coast Is the Best Coast West Coast Is the Best Coast is the second of four tasting seminars offered at the 2022 Kapalua Wine and Food Festival. This event will take place following the first seminar at the Ritz-Carlton Maui. The seminar runs from 2 p.m to 3:30 p.m. It will be hosted by three respected winemakers from the West Coast and will feature selections specifically from this region.  One of the hosts is Greg Brewer of Brewer-Clifton, and he is a 2020 Winemaker of the Year. Other hosts include Lynn Penner-Ash of Penner-Ash and Mikael Sigoun of Kaena Wines. An individual ticket to West Coast Is the Best Coast can be purchased for $100 through the festival’s website, or you can purchase the Seminar Package to save money on attendance to all four seminars. The Ritz-Carlton Maui, Kapalua Winemaker Dinner Friday evening is your chance to attend a magical dinner and wine tasting opportunity at the Ritz-Carlton Maui. The dinner will be hosted on the stunning Ulana Terrace overlooking the Pacific Ocean at 6 p.m. Featured winemakers for this event include Scherrer Vineyards, David Arthur Vineyards, Brewer-Clifton, and Penner-Ash.  The wineries featured are from the Kapalua Wine & Food Ohana. Carefully selected vintages from these winemakers will be paired exclusively with fine dishes in a multi-course dinner. To learn more about the cost of the dinner and to make reservations for your attendance at this premium event, contact the restaurant today. Saturday, June 11, 2022 Brotherhood of Eternal Pinot Noir Saturday’s festivities kick off with the Brotherhood of Eternal Pinot Noir tasting seminar. This special event will be held at the Ritz-Carlton Maui and is the third of four such seminars for the festival in 2022. The Brotherhood of Eternal Pinot Noir begins at 11 a.m and features interesting stories from three close friends in the winemaking industry.  These include Jeff Stewart of Hartford Court Winery, Fred Scherrer of Scherrer Vineyards, and Rod “The Rodfather” Burgland of Joseph Swan Vineyards. The trio will also present some of their most prestigious wines for attendees to enjoy. Individual tickets to the Brotherhood of Eternal Pinot Noir are $100 and can be purchased today through the festival’s website. Tickets to this and other tasting events are also included with discount pricing through the Seminar Package. Napa Valley Originals Napa Valley Originals is the final tasting seminar at the 2022 Kapalua Food and Wine Festival. It will be hosted at the Ritz-Carlton Maui from 2 p.m to 3:30 p.m. At Napa Valley Originals, you will have the incredible opportunity to delight in premium vintages and varietals from the celebrated Napa Valley region. This wine tasting event will feature three notable winemakers from Napa Valley.  These include David Long of Pritchard Hill’s David Arther Vineyards, John Schwartz of Amuse Bouche and Au Sommet, and Lisa Peju of Peju Winery. You can purchase individual tickets to this seminar through the festival’s web page for $100. Attendance at this and the festival’s other three tasting seminars is also available by purchasing the Seminar Package. Walkabout Tasting Gala at the Plantation House You are invited to cap off an amazing day of tasting at the Walkabout Tasting Gala. This event, which is hosted by the Kapalua Golf Course, will take place at the prestigious The Plantation House Restaurant at the Kapalua Plantation Golf Course. Running from 6 p.m. to 9 p.m., the Walkabout Tasting Gala gives you the opportunity to enjoy stunning sunset views while you mingle with fellow culinary and wine enthusiasts.  The event will also feature live entertainment from Nuff Said, a popular local band. Maui-inspired culinary creations will be presented by The Plantation House’s own Chef Jared. Exquisite wines from Justin & Landmark Wineries, Jackson Family Wines, and Peju Vineyards will be featured. Other creations from Kona Brew and Beam Suntory will be on-hand for you to enjoy as well. The cost of attendance at the Walkabout Tasting Gala is $252.33. Space is limited, and more information about attendance is available directly through the restaurant. Sunday, June 12, 2022 Aloha Brunch Sunday’s special events begin with a delicious Aloha Brunch at the beautiful Taverna Restaurant from 11 a.m. to 2 p.m. You can enjoy spectacular natural views while you sample fare off of Taverna’s well-crafted brunch menu. In addition to ordering off of the menu, you can enjoy buffet-style brunch treats prepared by Executive Chef Roger Stettler. The cuisine will be served with your choice of champagne, rose or hand-crafted cocktails prepared by Mixologist Grace. The cost of attendance is $125 per person. Reservations for the Aloha Brunch are available by contacting the restaurant directly at (808) 667-2426. Wine Down The festival concludes with Wine Down, which is held at The Hideaway near the Montage Residences. This event begins at 7 p.m. and will feature several tasting stations hosted by notable establishments. Wine stations will be hosted by Brewer-Clifton and Kaena wineries. Additional cocktails stations will be hosted by Kona Brew and Beam Suntory. This will be a fun “a hui hou,” which means “until we meet again” in Hawaiian. Tickets are available for $80 per person, and reservations can be made by contacting the restaurant at (808) 662-6681. Plan Your Visit To Kapalua Today The 2022 Kapalua Wine and Food Festival is a must-attend event for food and wine enthusiasts who will be on Maui this June.  To create an amazing experience for all attendees, participation is limited to 3,500 attendees. To ensure your place at the events that you are interested in now is the time to purchase advance tickets to the seminars and to make reservations for dining opportunities. I'll personally be at as many of these events as I have time for, but will definitely be coming for the Gala at the Plantation House on Saturday, June 11th, it would be great to see you there too
Post Date : 04/10/2022
Title : What's Going On With Wailea 670 | The Honua'ula Project
Description : Where Are Things with Wailea 670? Originally referred to as Wailea 670, the development that is now known as Honua'ula is more than three decades in the making. This is a mixed-use development that would span across 670 acres in South Maui. This area, which is located just south of Maui Meadows and across the highway from the existing Wailea community, is both culturally and environmentally sensitive. While opponents of the development say that the project is not advantageous for the communities, others say that it will provide much-needed affordable housing to the area. Recently, a major agreement has been reached as a result of years of stressful negotiations, but more negotiations are underway. Balancing The Environment with Housing Needs Previously, the development plans included approximately 1,400 units of single-family homes and multi-family units. In addition, the development included plans for commercial spaces and a golf course. The environmental and cultural impacts of such a large development in this strategic area were introduced by notable groups like Maui Unite and Sierra Club. Negotiations have been between these organizations, the County of Maui and Honua'ula Partners, LLC. While the initial development plans provided accommodations for culturally and environmentally sensitive areas, the claim introduced by Maui Unite and Sierra Club contended that the accommodations did not go far enough to fully address the situation. After the claim was made, the developer agreed to complete more archaeological and environmental studies in the area. Among other relevant factors, the findings of these studies indicated that this 670-acre parcel of land had several hundred important historic features and sites. The archaeological findings included the identification of ancient farming terraces, living quarters, stepping stone trails, and ceremonial sites. Notably, many of the sites that were identified through the developer’s studies are now covered by perpetual protection. Affordable Housing A Necessary Consideration Another aspect of the claim was tied to affordable housing units. The claim specifically contended that the 250 affordable housing units that were initially required did not take into account environmental concerns. These units were projected to be built inside the Kaonoulu Light Industrial Subdivision, which is located in North Kihei. The settlement between these parties is encompassing. It includes an agreed-upon protected area of 160 acres. This area preserves both endangered and rare animal and plant species that are native to the area. It also safeguards historic lands that have been home to ancient Hawaiian villages and cultural sites. The extensive settlement agreement also reaches some areas of the historic Kanaio-Kalama Road. The eighteen-hole golf course that was originally proposed was dramatically reduced in size and has most recently been eliminated from design plans. Maintaining What We Love About Maui In addition, the Hawaiian Islands Land Trust will place a conservation easement on the protected lands. Both the general public and cultural practitioners will have specific rights to select areas. A large deer fence will be installed to protect wildlife from encroachment. This is in combination with a small public park located near a 116-foot-wide buffer boundary near Maui Meadows. There are now also height restrictions for structures that will be constructed near the buffer boundary. The history of this land's development is extensive. In the 1990s, zoning for this land was altered to accommodate the project. Wailea 670 was originally approved in 2008 by the Maui County Council with District Phase I Developmental Approval. At that time, the Maui County Council placed several development conditions on the project. These included preservation areas for both environmentally and culturally sensitive areas. One of the specific conditions was a native plant preservation area that was to be between 18 and 130 acres in size. In 2012, the EIS and the EA were accepted by the Maui Planning Commission. However, this initial approval was challenged by a claim that was filed in 2012. A Litany of Hurdles Left To Overcome During the negotiations surrounding this claim, the developers stated that Low Impact Design principles would be used. For example, the design includes the continued presence of existing gulches. An extensive network of bikeways and sidewalks would be incorporated into the design. This includes the placement of bike lanes in both directions on Pi’ilani Highway. This road will grow from a two-lane road to a four-lane road, but it will have roundabouts rather than turn signals at intersections. Additional negotiations included special requests for other streets throughout the development. The homes for sale in Wailea as well as the mixed-use commercial spaces would remain in place. Initially, affordable housing was to be located in North Kihei. Through negotiations, at least some of the affordable homes for sale in Wailea will now be located within the Wailea 670 development. However, others may still be located in North Kihei.  The specific price range of the homes and condos will be determined at a future date and will be based on affordable housing statistics. Both rental units and fee simple properties for sale will be included in the development. Approval for the units must be granted by the Maui County Council. While the two parties have come to many agreements through intense negotiations, it is important to note that the Maui Planning Commission must grant final approval for the settlements. Recent Developments For Wailea 670/Honua'ula In February 2022, the development group went in front of the Maui County Council once again to seek approval for the next phase of the Wailea 670 development. This time, two different groups stepped up to challenge the project. These groups are Maui Tomorrow Foundation and Hoʻoponopono O Mākena. The project has evolved substantially over the years. Currently, the proposed development includes 288 workforce housing units and an additional 861 residential units. Approximately one-quarter of the 670 acres would be permanently preserved by a conservation easement. Both of the groups that are currently requesting intervention with the development have stated that their interests near Wailea 670 would be directly impacted by the development. Maui Tomorrow also went a step further by claiming an insufficient number of affordable housing units and negative cultural and environmental impacts. A Tough Test for the Maui Planning Commission The Maui Planning Commission saw no opposition from the Honua'ula attorney. The attorney stated that the issues presented were straightforward and that he welcomed a closer examination of the facts. Contesting parties are required to present supporting evidence in front of the Maui Planning Commission. The developer’s attorney stated that they are forthright with all aspects of the development. The developer welcomes all questions that these groups have raised, and it has appropriate and comprehensive answers to those questions. During the session, supporters of the development stated that the project struck an appropriate balance between creating much-needed affordable housing in the area and preserving sensitive cultural and environmental areas. One group supporting the development is the Hawaii Community Foundation. On the other hand, opponents of the project stated that there are not enough workforce homes and affordable Wailea condos for sale in the current proposal. Opponents also believe that the project does not go far enough to address the potential impacts on sensitive areas. One individual opponent, who is a lineal descendent of the island’s native population, stated that simply following procedures was not the same as doing the right thing. We Are Still Years Away  Immediately after the conclusion of the commission’s session, mediation steps began. A contested case hearing got underway on March 22. If the parties can come to an agreement, the developer must then request District Phase II Development approval from the commission. Additional permits and approvals must also be obtained before the developer can break ground on the Honua'ula project. The extensive design and development of the Wailea 670 project have been revised many times over the years as different parties have raised their concerns related to affordable housing as well as sensitive areas. The project has progressively obtained approvals from different organizations and departments, including the Office of Hawaiian Affairs, the State Historic Preservation, the Maui County Council, and others. However, with another dispute pending, it is clear that more work needs to be done before the future of this project can be solidified. If you're interested in learning more about this project or any of the other projects on Maui, feel free to reach out to me for more information.
Post Date : 04/05/2022
Title : Fee Simple Vs. Leasehold Properties on Maui: A Brief Explanation
Description : What's the Difference Between Fee Simple and Leasehold Properties? In most areas of the United States, when you purchase property, you are buying the land and all of its improvements in perpetuity. However, this is not always the case in select states and vicinities. Before you buy real estate on Maui or in any other area, it is important to know exactly what your purchase includes and how long you will have access to that property. With this in mind, a closer look at the differences between fee simple vs. leasehold ownership is in order. Understanding Fee Simple Ownership Fee simple ownership, which may also be referred to as a freehold, is the type of real estate ownership that most people are familiar with. With fee simple ownership, you are buying the land and its improvements in their entirety. More than that, you will have direct ownership of the property until you decide to sell it. This is real estate that may be passed down to your heirs after your passing. The property owner may also execute a lease and grant the temporary use of the land and its improvements to another person or legal entity. Essentially, the owner can do as he or she wishes with the property with only a few exceptions. These exceptions are tied to local zoning ordinances, subdivision restrictions, and other such exceptions that are specifically linked to the land and that are known before the purchase takes place. How Leasehold Ownership Is Different Leasehold ownership stands far apart from fee simple ownership. Essentially, a fee simple owner enters into a leasehold agreement with another person. This agreement is generally far longer than a typical residential lease that you may be familiar with. It is common to find leaseholds that extend for 15, 30, or more years. The fee simple owner retains full rights to the land. The leaseholder buys rights to the improvements on the land, but he or she is leasing the land underneath those improvements. For this right, the leaseholder must pay the fee simple owner a monthly rent payment. Because of the extended length of a leasehold agreement, the rental payment amount usually is escalatory over time. The specific terms, however, can vary dramatically based on the terms of the agreement. In addition, the leaseholder must purchase the improvements on the land, such as through a mortgage. At the end of a leasehold, the fee simple owner has full control over the land and its improvements once again. Keep in mind that the leaseholder is not bound to the property for the entire length of the agreement. The leaseholder has the ability to sell his or her leasehold rights to another party. Regardless of who owns the property at the end of the leasehold term, however, the property will revert back to the fee simple owner. The Benefits of a Leasehold At first glance, the limited access to property rights with a leasehold may make this type of ownership unattractive. However, there are several important benefits of a leasehold that you should be aware of. For example, when you compare the cost of a fee simple vs. leasehold property, you may discover that the purchase price is far more affordable. A lower sales price generally equates to more affordable monthly payments. This means that the affordability benefit may continue for the length of your leasehold term. There is also a possibility that the fee simple owner will sell his or her fee simple ownership to you. If this happens, you will then have fee simple ownership of the property. The Drawbacks of a Leasehold Likewise, there are a few drawbacks to a leasehold that you should be aware of. The length of a leasehold is usually so long that the leaseholder will sell his or her interests in it well before the leasehold term expires. However, if you plan to hang onto the property, you will eventually be required to return the land to the fee simple owner. A leasehold agreement typically has a surrender clause. This means that all of the improvements to the land revert to the fee simple owner. It is also important to note that it can be increasingly difficult to sell a leasehold property as the end of the lease term approaches. One reason for this is because of a lack of available financing for a buyer. The Impact on Taxes and Mortgage Options Unless you plan to pay for your new property outright with cash, you need to know how your ownership interest in the property will affect your mortgage options. Many Maui lenders require the mortgage term to be shorter than the remaining length on a leasehold term. This means that if your leasehold term has 21 years remaining, you may only be able to qualify for a 20-year mortgage. If your leasehold term has 10 years remaining on it, you likely will not be able to refinance your mortgage. You also may only be able to sell to a cash buyer. In addition, your interest in real estate can impact your tax liability. Regardless of your ownership interest in the property, you may have access to several lucrative tax credits through depreciation. However, the IRS only views leaseholds with a term of 30 years or longer in the same light as a fee simple property. If the leasehold term is less than 30 years long, the property is considered personal property rather than real estate for tax purposes. Maui’s Leasehold Properties Now that you have a better understanding of fee simple vs. leasehold properties, you may be wondering how this will impact your property search. Several notable condominium communities throughout Maui are leasehold properties. For example, Ma'alaea is an area where leasehold properties are common. This includes the beautiful Ma'alaea Yacht Marina community. In addition, there are several leasehold properties in Ka'anapali, including Ka'anapali Shores and Maui Eldorado. Kihei is also home to several leasehold properties, such as Kamaole Nalu. The nuances of fee simple and leasehold properties can be complex, and they can have far-reaching impacts on everything from your usage of the property and its future salability to taxation, mortgage options, and more. With this in mind, consider discussing the purchase of any leasehold property with an experienced real estate attorney as a first step. If you're interested in learning more about the differences or want to start searching for a home or condo for yourself, please feel free to reach out to me anytime.
Post Date : 03/22/2022


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