A SUPPLEMENT OF THE MAUI NEWS | FRIDAY, MARCH 25, 2016
Makali‘i A new vision for Wailea Resort living Glimpse the latest in luxury, style and design
Inside: Who’s buying Maui’s homes? RAM expert: The answer may surprise you
+ A path to affordable housing Na Hale O Maui making it possible
REAL ESTATE GUIDE | MARCH 2016
On trend:Green’s a go for spring decor
Photo via AP
Adding pops of green to your home can bring nature indoors.
By KIM COOK The Associated Press
hen we start thinking “spring,� one color comes to mind. Tender pea shoots, that soft fuzziness on budding trees, a new lawn — there’s a palette of greens that herald nature’s shift to the warmer seasons. And there are many fresh ways to bring green indoors with paint and furnishings. “Green is Mother Nature’s favorite color. It’s so abundant in the world around us that we’re accustomed to seeing it as a background color,� says Lee Eiseman, head of the Eiseman Center for Color Information and Training near Seattle.
W
She also points out the “good-for-you� connotations of green — eating fruits and vegetables, juicing and so on — and the generally calming nature of the hue. “We’re looking for that restful shade to bring the outside in, and provide balance in our lives,� she says. Dee Schlotter, the spokeswoman for PPG Brands, design and color marketers and makers of PPG Paints, says, “Green is restorative, rejuvenating and fresh. Being in nature brings an ease or a relaxation that’s almost immediate. Recreating that feeling in the home is very popular right now.� The company has chosen
Paradise Found as their 2016 color of the year. It’s a soothing gray-green with a hint of blue. Greens like this play well with others. Combining gray-green with matte black modernizes a traditional space. Paired with white, the color becomes more mineral and organic. Farrow & Ball has a new, leafy, verdant hue with historic provenance to help commemorate the paint maker’s 70th anniversary. “Yeabridge Green was originally found in an 18thcentury Georgian farmhouse in the (United Kingdom)
See GREEN DECOR on Page 11
“A Commitment to Excellence�
244-7142
331 Ho’okahi St., Suite 202 Wailuku, HI 96793
Property Management Services • Real Estate Sales
How to make older homes more efficient lder properties tend to have a sense of charm that newly built homes may lack. Perhaps it’s their lived-in feel or design elements that remind homeowners of yesteryear that make older homes so popular among homebuyers. What older homes have in character they may lack in modern amenities. For example, whereas many homes are now built with energy efficiency in mind, older homes may not be so eco-friendly. Fortunately, there are many ways for homeowners who love their older homes to keep that love going strong while making their homes more energy efficient at the same time. • Check for leaks and
O
See EFFICIENT on Page 15
shoretoshorerealty.net
Come check out our new Showroom in Wailuku!
775A Lower Main St. Wailuku, HI 96793
Call me. I’ll always find a way! As you embark on your own Real Estate Adventure, make sure your guide knows the terrain and isn’t afraid to roll up his sleeves and get the job done.
The Real Estate Store Maui Mall
Alan J. Craig
70 E. Kaahumanu Ave. A6 Kahului, HI 96732-2113 Attitude is a little thing that makes a BIG DIFFERENCE!!!!
808.446.1300 | www.adr-hi.com
REALTORÂŽ (S)GRI
STACEY T. SLY Realtor R(S) 74310
Direct: 808-283-9709 Alan@alanjcraig.com • www.AlanJCraig.com
808.280.7591 808.871.8807 ssly@slypropertiesofmaui.com www.slypropertiesofmaui.com I Take the Stress out of Buying & Selling
Coldwell Banker Island Properties 100 Wailea Ike Dr., Ste. #6 Wailea, South Maui, HI 96753
!
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T2
REAL ESTATE GUIDE | MARCH 2016
Makali‘i at Wailea
New project beckons with unique design By CHELSEA DUNCAN Special Sections Editor
hose seeking a Wailea property with a fresh feel, one that takes its cues from the lay of the land, offers stellar ocean views and combines the essence of old Hawaii with the latest in luxury living, are finding themselves drawn to Makali‘i. The new residential community project, presented by Armstrong Development and the Burrard Group, is set to break ground in late summer and is scheduled to be complete by the end of 2018. But Maui residents and off-island buyers alike have already taken notice since sales launched in January, with 25 percent of the 68 units already under binding contract, said Realtor-broker Nancy J. Callahan, project sales director of The Wailea Group, which was selected to exclusively represent the project. “The interest in Makali‘i at Wailea has been extraordinary, which is not surprising given the location, the archi-
T
tecture, the views and the amenities,” she said. “People who know Wailea are paying attention.” The community of townhomes is located at the gateway to Makena, across the street from the Fairmont Kea Lani and a stroll away from Polo Beach and the Wailea beachwalk. Offering unobstructed ocean and island views, the hillside community will feature two- and three-bedroom condominiums starting at $1.2 million, fee simple, Callahan said. Ranging from 1,562 to 1,802 square feet, Makali‘i’s open-plan homes are located within 17 four-plex buildings that step down gently along the hillside. Three floor plans are offered, featuring generous living spaces and soaring floor-to-ceiling glass windows. Integrating energy-efficient and renewable energy technology, the homes have been designed to capture prevailing winds for natural cooling, while expansive glass and skylights flood the
Images courtesy The Wailea Group
Artists renderings of the planned Makali‘i project in Wailea, also pictured on the cover, reveal a style inspired in part by midcentury modern style and old Hawaii. The project is expected to break ground in late summer.
MAKALI‘I AT WAILEA For more information, visit The Wailea Group in The Shops at Wailea, call 875-6911 or visit www.makalii atwailea.com. interior of homes with natural lighting. The townhomes are oriented to take advantage of views, with Molokini as the centerpiece. “We’re really excited about this project, as it offers something completely new and different for Wailea,”
said Robert Armstrong, president of Armstrong Companies. “The architecture, concept, views, limited number of units and location make this property the only one of its kind in Wailea.” The design reflects midcentury modern styles while
incorporating Hawaiian themes. “The architectural design proposes a new character and style inspired in part by the midcentury modern and early Hawaii statehood style, a period rooted in hope, confidence and belief in a better
future with boundless potential,” said project architect Stephen Yuen, principal at Group 70 International Inc. Indeed, Armstrong Development’s priorities lie in
See MAKALI‘I on Page 12
HAWAII’S PREMIER RESIDENTIAL MORTGAGE LENDER.
` * >Ã - Ì
`> , L> >} iÀ
>V>`> }`> }
-> > Ì
VP, Mortgage Loan Manager NMLS #525983 808-283-8371
Sr. Mortgage Loan Officer NMLS #378758 808-281-7446
Mortgage Loan Officer NMLS #543070 808-281-5861
Mortgage Loan Officer NMLS #609932 808-268-4705
Phone: 808-356-4000 Toll-Free: 1-800-342-8422 ÎÎ Ûi Õi] -Õ Ìi {ää U > Õ Õ ] ÈÇÎÓ
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T3
centralpacificbank.com/homeloans
REAL ESTATE GUIDE | MARCH 2016
Who’s buying Maui homes? It depends on how you define a ‘home’ COMMENTARY By DAVID DELEON Realtors Association of Maui Government Affairs Director
2015 state report on who is buying Hawaii’s homes suggests that buyers from places other than Hawaii are having a big impact on our local housing market. In fact, the report said that Maui had the distinction of being the only major Hawaiian island where sales to off-shore buyers outnumbered local buyers. That report surprised, and in some cases upset, local residents, and especially
A
folks who are being heavily impacted by the current housing crisis. Echoes of DeLeon that 2015 report keep coming up in public discussions about the need to increase the development of housing to meet the demand. The argument being made goes like this: Why build more homes if they are only going to be bought by non-residents? The answer to that is the report is not just about “new homes” and to a large extent is not about dwellings most of us would consider “homes.”
We are truly in a housing crisis. Prices for homes and rents for basic accommodations are off the chart again. I say “again” because this is a cycle Maui goes through just about every 10 years. But this particular cycle has been tough on anyone who does not already own their home. So it is natural to look for the “bad guys” that are causing this to happen. As much as the study appears to point to off-shore buyers as the culprits, a closer look shows a different story. The study was the work of the state Department of Business and Economic Development & Tourism, the agency that does the state’s economic analyses. It stud-
ied the housing market for the period between 2008 and September 2015. The report combined both condominiums and single-family residential properties sold during that period, with a focus on how much was paid and who bought them, but, unfortunately, was silent on who sold them. Luckily, this study is not a stand-alone. Another report, put out by Title Guaranty of Hawaii, takes a similar, annual snapshot of the same information. The Title Guaranty report collaborates the pattern suggested in the statewide DBEDT report and gives more clarity to the Maui numbers. So, do off-shore buyers
outnumber local buyers in the local housing market? Sort of, depending on what you consider as “housing.” A large percentage of the off-shore sales were in the leeward resort markets — South and West Maui, according to both reports. Anyone associated with the Maui resort real estate market knows that most of those sales are of resort condominiums — which are really more like hotel suites than “homes.” The study was correct to characterize condominiums as “homes” because that is what they mostly are on Oahu. But that is not necessarily true on the Neighbor Islands. In fact, the DBEDT study shows the
Pyramid Insurance Centre, Ltd.
Cell: 357-5773 email: mauiexec@hotmail.com
buyer patterns for Maui, Hawaii and Kauai to be remarkably similar. Maui just happens to be the only one with more than 50 percent off-shore buyers. The DBEDT study shows out-of-state buyers on Maui outnumbering local buyers between 2008 and 2015: 48 percent local, 44.9 percent Mainland residents and 7.1 percent foreign (52 percent total off-shore.) Maui also had the highest percentage of foreign buyers in the state. Oahu had the largest local buyer percentage, 84.7 percent. Off-shore buyers have
See BUYERS on the next page
“Selling the Maui lifestyle and building trusting relationships that last a lifetime”
George Nunes, Realtor, Broker
Blaine Bernades
CRS, ABR, GRI, e-PRO, CIPS, CNE
Agent
Cell: (808) 385-4665
Emmett Rodrigues
331 Ho‘okahi St., Suite 202 Wailuku, Hawaii 96793 Property Management/Real Estate Sales www.shoretoshorerealty.net
Email: keokimaui11@gmail.com
Dri: 808.442.8361 Off: 808.242.4789 Maui Office – Maui Market Place Cel: 808.357.5657 270 Dairy Road, Unit 160 Fax: 808.244.0856 Kahului, Hawaii 96732-2986 blaine.bernades@pyramidins.com www.pyramidins.com
444 Hana Highway, Suite A1 Kahului, Hawaii Each office is independently owned and operated.
VIC FCU New Year’s Loan Special!
Homes, Lives, Dreams. • Property Management • Residential Sales • First-time Home Buyers • Short Sale and Foreclosures • New Developments
Rates as low as Rae S. Yoshida, R
Eric K. Yoshida, R
Principal Broker / Property Manager 808-281-9949
Broker in Charge, ABR, e-Pro 808-344-4500
Serving all of your Real Estate needs
808 986-8118 Sales: 344-4500 20 Central Ave., Wailuku, HI 96793
4.75%
APR* with automatic payments
Finally! A resolution you can keep! Apply online or at any of our three branch locations today! www.vicfcu.org Kahului Branch 160 Pa‘ahana St. Kahului, HI 96732
Wailuku Branch 240 Lepoko Place Wailuku, HI 96793
Lahaina Branch 40 Kupuohi St. #102 Lahaina, HI 96767
*Annual Percentage Rate (APR). The Loan Rate advertised is an “A+” Tier loan rate in our Reflective Loan Pricing Program. Advertised Rate includes a 0.25% loan rate
Contact Us Today For Property Analysis
discount for automatic loan payments paid through a VICFCU checking or savings account. As an example, a $1,000.00 loan will require 59 payments of $18.76 with a www.YoshidaRealtyGroup.com final payment of $18.50. Personal Loan amounts up to $10,000.00, term up to 60 months. Other terms, conditions, and restrictions may apply. Offer expires 04/30/16. A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T4
REAL ESTATE GUIDE | MARCH 2016 BUYERS Continued from Page 4 definitely penetrated every element of the Hawaii real estate market and that was particularly true between 2008 to 2010. Those years are generally known as the great real estate meltdown, a massive market correction during which millions of Americans lost their homes to foreclosure. Because of that, the period is a statistical outlier, a market anomaly during which thousands of Hawaii foreclosures were picked up by off-shore investors looking for a good deal. Both the state and the Title Guaranty reports were meant as snapshots of housing sales. They lack detailed statistical analysis, leaving them open to a wide range of interpretations. The bottomline problem is we have an acute housing shortage and most economists tell us that this is a problem of supply and demand. The way to fix that problem is to build enough housing to meet the demand, they say. Using the DBEDT report to argue that we should stop building because those homes will just be sold to outsiders is self-defeating. It
is important to understand what the reports actually say. Neither report distinguishes between sales of new homes and re-sales. The DBEDT report groups the Maui sales in five general geographic districts, and those numbers clearly show non-resident buyers are most active along the South and West Maui coasts. They bought leeward coast condominiums that can be rented short term. These properties sell like commodities and a number of these units probably sold more than once during the DBEDT report’s seven-year period. Off-shore buyers are less present Upcountry and are not a major factor in the Central Maui market. The reports appeared to some to demonstrate a trend toward greatly increased offshore acquisition of Maui homes. Actually, taken together, what the two reports show is the continuation of an economic pattern that Maui consciously chose to follow in the 1960s and 70s. Unlike Oahu, which protected most of its shoreline outside of Waikiki from resort development, Maui actively encouraged the resort development of its leeward coast.
That development proved to be a great economic engine and tax generator. It resulted in perhaps as many as 8,000 condominium units that can be short-term rented and which are frequently bought and sold by those seeking a “piece of paradise.” Those sales show up in these studies as sales of “homes,” when they are actually sales of resort units. While they are not usually the first choice of local families seeking a home, technically, for the purposes of these studies, they count as “housing units.” Most of these properties are between 30 and 50 years old. We are not talking about new homes. While Maui had the lowest local buyer participation rate in the DBEDT study at 48 percent, Kauai (54.6 percent) and the Big Island (56.9 percent) shared the same pattern, just not to the same extent. Off-shore buyers dominated the resort communities in Hanalei and Kona, just like they did in West and South Maui. Honolulu actually had the most buyers from the Mainland (5,327) in the state. But because those sales happened in the context of Oahu’s
WANT YOUR REAL ESTATE LICENSE? Live Sales License Class April 25th - May 6th For all your real estate education Pre Licensing • Continuing Education • Training Register Today! carolballrealestateschool.com Carol Ball, M.Ed
Keone Ball
Realtor, ABRM, CRB, CRS, GRI
Principal Broker, Realtor, ABR, CRS, CRB
carol@carolball.com
keone@carolball.com
much larger local population, the percentage of transactions with local buyers was much larger (84.7 percent.) The Title Guaranty report shows local buyers of Maui homes to be at 53 percent for 2014. It showed that offshore buyers dominated West Maui housing sales, 338 to 177, and locals just about broke even with the off-shore buyers in South Maui, with 284 off-shore to 264 local. Just like the DBEDT report, the Title Guaranty report shows that local buyers dominated on the rest of the Maui housing market in 2014. Other factors to take into consideration: • The Neighbor Islands are similar in their demographics. Their de facto populations show that on any
given day, about 20 percent of the people on the three main Neighbor Islands are from somewhere else. That number is only about 5 percent on Oahu. • Off-shore investors have definitely penetrated just about every segment of our housing market. And that was particularly true during the “meltdown” period (2008-10), which provided great investment opportunities. • It is unfortunate that the two studies do not have more detail. If they identified the sellers, it would be easier to take foreclosures into account and recognize how many of these transactions were between off-shore buyers and sellers on both sides of the transaction. • Maui also had the distinction of having the
largest percentage of foreign buyers at 7.1 percent. That seems odd, until you recognize that Canadians are, technically, “foreigners.” Canadians made up the largest group (44.1 percent) of foreign buyers in the state and they have always had a preference for South and West Maui. The DBEDT report said that Canadian buyers were particularly active in the 201012 period, when condo prices shrank and the Canadian-to-U.S. dollar exchange rate favored the Canadian buyer. The Title Guaranty report shows that Canadian buyers still represented 4 percent of the total sales on Maui in 2014. • The DBEDT study shows an unusual statewide See BUYERS on Page 10
Wailea Point Realty Live Live unlike unlike you’ve you’ve ever ever lived lived before before
Wailea Point Hawaii’s Finest Condominium
Every Every time time aa new new property property comes comes along, along, the the
excellence excellence of of Wailea Wailea Point Point is is revealed revealed anew. anew. An An owner owner said, said, “I “I live live in in aa beautiful beautiful garden.” garden.” Wailea Wailea Point Point is is that, that, and and so so much much more. more. If If you you want want to to live live in in the the finest finest environment environment in in Hawaii, Hawaii, come come see see how how unique unique and and special special Wailea Wailea Point Point is. is. Current listings from $2.225 – $25M
Dave Wagner – Principal Broker
Judy Gray – Broker in Charge
Direct: 808-283-8660
Direct: 808-283-2666
www.WaileaPoint.com
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T5
Completion of Commercial Row warehouses draws closer New condominium warehouse units at Maui Lani Village Center designed for smaller businesses can acquire a brand-new, architecturally designed warehouse with the site work and the building shell already done, and take advantage of Maui Lani Village Center’s space planning services to design the interior to suit their individual needs.â€? Commercial Properties of Maui’s Ben Walin, CCIM R(B), added that the Small Business Administration’s 504 loan program can be a big plus for smaller businesses. Those who meet the SURJUDPÂśV TXDOLÂżFDWLRQV FDQ VHFXUH ÂżQDQFLQJ ZLWK as little as 10% down. Construction of the Commercial Row building shell is expected to be completed by June 1, 2016. Other companies that presently have, or are planning to build, warehouses of varying sizes at the Maui Lani Village Center include Group Slated for completion this summer, Maui Lani Village Center’s new Commercial Row offers new options Builders, Oceanic Time Warner Cable, Paradise for buyers seeking warehouse facilities in a low-inventory market. Beverages and Kula Produce. A major commercial hub for Central Maui, the Maui Lani Village Center is strategically located Whereas Professional Row was created with As construction draws closer to completion on at the nexus of Wailuku and Kahului, supported its brand-new Commercial Row warehouse project, physicians and professional services in mind, by new roadways that provide access to key areas the Maui Lani Village Center is drawing interest Commercial Row is designed for contractors, including medical facilities, the airport and harbor, from smaller businesses looking for a “right-sizedâ€? retailers and small businesses with warehouse and highways that connect to other destinations needs. Each unit in the condominium project can warehouse facility in Central Maui. across the island. Approximately 400,000 square “The warehouse market on Maui is experiencing be purchased individually, or combined to create feet of commercial space have been completed or one of its lowest vacancy rates in years, which larger size options up to a total of 18,000 square are currently in progress. means opportunities for warehouses are very feet. The high-cube free-span warehouse includes a Elsewhere in Maui Lani, a new regional park limited,â€? said Grant Howe, CCIM R(B), of SULYDWH GULYHZD\ IRU HDFK XQLW RQ VLWH SDUNLQJ ÂżUH near Pomaikai Elementary is nearing completion, Commercial Properties of Maui. “Commercial Row sprinklers, container loading zone, and multiple and plans for additional residential neighborhoods is offering brand-new warehouse facilities that can roll-up and personnel door options. Owners can are in progress. accommodate businesses that need anywhere from RSW WR DGG D VHFRQG Ă€RRU VWRUDJH PH]]DQLQH LI For more information about the Maui Lani just 4,500 square feet up to 18,000 square feet in desired. Village Center or Commercial Row, contact Grant Howe acknowledged that interest in Commercial space.â€? Howe, CCIM R(B), or Ben Walinn, CCIM R(B), /RFDWHG QHDU *UDFH 3DFLÂżF DQG &RPPHUFLDO Row is strong, and at least one local business has Commercial Properties of Maui. Plumbing, Commercial Row is a fee simple already submitted an offer to buy. “Beyond the island’s limited warehouse condominium warehouse project encompassing four units of approximately 4,500 square feet each. availability, Maui Lani Village Center’s central It’s one of two special neighborhoods located location with easy access to the rest of the island within the Maui Lani Village Center complex, the via regional roadways is attractive to many other being Professional Row, home to a number of businesses,â€? he said. “Commercial Row makes it PHGLFDO SUDFWLFHV DQG RWKHU VPDOO EXVLQHVV RIÂżFHV easier for companies to get in and get going – they 808-244-2200 www.mauilanivillagecenter.com
A D V E R T I S E M E N T A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T6
REAL ESTATE GUIDE | MARCH 2016
A new leaf FOR NA HALE O MAUI
Wells and Market St.
244-2000
Wailuku
• Bayliner Deck Boats • RIB Inflatables • Kayaks • Safety Packages
Safe Boating: “A Good Investment” Always wear a personal flotation device while boating and read your owner’s manual.
^WZ/E' > E/E'͍ ŽŶĂƚĞ Θ ^ŚŽƉ͘͘͘
ĂŶ͛ƚ ĐŽŵĞ ƚŽ ƵƐ͍ tĞ ĚŽ ƉŝĐŬ ƵƉƐ͊ >> ;ϴϬϴͿ ϵϴϲͲϴϬϱϬ Photo courtesy Na Hale O Maui
Na Hale O Maui’s first home built to be affordable in perpetuity as a community land trust home is located on Kama Street in Waikapu.
hard work, they had saved Solomons for $325,000. $11,000 for their down payTheir NHOM home is a ment. two-story, three-bedroom, With a positive decision three-bath home in the Legby the NHOM selection ends at Maui Lani with the committee, which makes its potential to add one more decisions based on specific bedroom. Their monthly Before buying the NHOM criteria using the NHOM payment is $1,700. As the Solomons were enhome, the Solomon family Homebuyer Selection Polihad lived in a two-bedroom cies & Procedures, and a joying their home, NHOM apartment with six people contribution from NHOM’s was turning over a new leaf Knowing your Maui Real Estate is and were paying $1,200 a Down Payment Assistance at the beginning of spring. managed by experienced professionals! month in rent. Utilities were Program of $5,000, the Cassandra Abdul, Na Hale O not included, and their total Solomons were able to move Maui’s new executive direcmonthly housing cost rose to into their home that had been tor, has announced that 26 years of Property Management $1,700. experience on Maui. purchased at auction by NHOM has constructed its For more than three years, NHOM for $425,250 and first new home that will be the family worked to save then renovated at a cost of affordable in perpetuity and will never be sold at market Sandra A. Albrecht the money for the down pay- $45,869. ment. Jason caught octopus RB-16686 There were closing costs price. “This was always our goal and fish. of $1,804. The total cost to 808-283-7080 or 808-891-2723 “Sometimes we had to sell NHOM was $472,923. — the building of new fish,” said Jason with a touch NHOM contributed a sub- homes affordable in perpetuof an apology in his voice. sidy of $154,099 to buy ity through use of a sustainSheena made home special- down the price of the home. able lease agreement that can 1993 S. Kihei Road, #209 See AFFORDABLE Kihei, HI 96753 ties and sold them as well. The home was appraised at on Page 10 Finally, after 42 months of $530,000 and sold to the A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T7
Organization builds first affordable home as pilot of planned development By TOM BLACKBURNRODRIGUEZ For The Maui News
ason and Sheena Solomon had a dream of owning their own home. Both have good jobs and one day, Sheena, who works in insurance saw the name “Na Hale O Maui” as an additional insured on a home that a client was buying. Asking about the organization, and after attending a NHOMsponsored homebuyer seminar, she and her husband decided that they were going to qualify for a NHOM affordable home no matter what it took.
J
ϵϳϬ >ŽǁĞƌ DĂŝŶ ^ƚƌĞĞƚ tĂŝůƵŬƵ͕ ,/ ϵϲϳϵϯ
Island Oasis Realty Don’t Worry, Be Happy & Relax
1
2
3
4
5
6
7
A
2016 Kapalua 30
B ALAELOA B2
West Maui
C a Kaan pali
HOYOCHI NIKKO C2
LEINANI APARTMENTS C2
NOHONANI C2
20 Alaeloa #8
3901 L. Honoapiilani Rd.
3750 L. Honoapiilani Rd.
3723 L. Honoapiilani Rd.
ASTON KAANAPALI SHORES C2
HYATT REGENCY MAUI D2
LOKELANI C2
OPUKEA D2
3445 L. Honoapiilani Hwy.
Nohea Kai Drive at Kaanapali
3833 L. Honoapiilani Rd.
1001 Keawe St.
ASTON MAUI ISLANDER E2
INTERNATIONAL COLONY CLUB C2
MAHANA C2
PAKI MAUI C2
660 Wainee Street
2750 Kalapu Drive
110 Kaanapali Shores Pl.
3615 L. Honoapiilani Rd.
ASTON SANDS OF KAHANA C2
KAANAPALI ALII D1
MAHINA SURF C2
PAPAKEA BEACH RESORT C2
4299 L. Honoapiilani Hwy.
50 Nohea Kai Dr. at Kaanapali
4057 L. Honoapiilani Rd.
3543 L. Honoapiilani Rd.
CHANNEL HOUSE E2
KAANAPALI BEACH HOTEL D1
MAHINAHINA BEACH C2
PIKAKE C2
1010 Front Street
2525 Kaanapali Parkway
4007 L. Honoapiilani Rd.
3701 L. Honoapiilani Rd.
COCONUT INN B3
KAANAPALI PLANTATION C2
MAKANI SANDS C2
PIONEER INN HOTEL E2
181 Hui Road F
150 Puukolii Road
3765 L. Honoapiilani Rd.
EMBASSY VACATION RESORTS C2
KAANAPALI ROYALE D2
THE MAUIAN B2
658 Wharf St., at Lahaina Harbor
104 Kaanapali Shores Pl.
2560 Kekaa Drive
5441 L. Honoapiilani Rd.
PLANTATION INN E2
THE GARDENS AT WEST MAUI B3
KAHANA BEACH RESORT C2
MAUI BREAKERS C2
174 Lahainaluna Road
369 L. Honoapiilani Hwy.
4221 L. Honoapiilani Rd.
3702 L. Honoapiilani Rd.
POHAILANI MAUI C2
HALE MAHINA C2
KAHANA FALLS B2
4435 L. Honoapiilani Rd.
3875 L. Honoapiilani Hwy.
4260 L. Honoapiilani Rd.
HALE MAUI HOTEL C2
KAHANA GATEWAY APTS B2
MAUI ELDORADO D2 2661 Kekaa Dr. at Kaanapali MAUI ISLANDER E2
3711 L. Honoapiilani Hwy.
4465 Honoapiilani Hwy.
y. Pkw
D
Front St.
POLYNESIAN SHORES C2
660 Wainee Street
PUAMANA E2
KAHANA MANOR B2
MAUI KAANAPALI VILLAS C2
34 Puailima Place
4310 L. Honoapiilani Rd.
2805 Honoapiilani Hwy.
PUNA POINT B2
HALE ONO LOA C2
KAHANA OUTRIGGER B2
MAUI KAI C2
5900 L. Honoapiilani Rd.
3823 L. Honoapiilani Rd.
4521 L. Honoapiilani Rd.
106 Kaanapali Shores Place
PUUNOA BEACH ESTATES D2
KAHANA REEF B2
MAUI MARRIOTT HOTEL D2
3788 L. Honoapiilani Rd.
4471 L. Honoapiilani Rd.
Nohea Kai Drive at Kaanapali
RITZ CARLTON KAPALUA A3
HOLOLANI C2
KAHANA SUNSET B2
SUNSET TERRACE C2
One Ritz Carlton Drive
4401 L. Honoapiilani Rd.
4909 L. Honoapiilani Rd.
3626 L. Honoapiilani Rd.
ROYAL HALE C2
HONO KOA C2
KAHANA VILLAS B2
MAUI SANDS C2
2780 Kekaa Drive at Kaanapali
3801 L. Honoapiilani Rd.
4242 L. Honoapiilani Rd.
3559 L. Honoapiilani Rd.
ROYAL KAHANA C2
HONOKEANA COVE B2
KALEIALOHA C2
NAPILI BAY HOTEL B2
4365 L. Honoapiilani Rd.
5255 L. Honoapiilani Rd.
3785 L. Honoapiilani Rd.
33 Hui Road
ROYAL LAHAINA RESORT C2
HONOKOWAI EAST C2
KAPALUA BAY VILLAS A3
NAPILI GARDENS B2
2780 Kekaa Drive at Kaanapali
3660 L. Honoapiilani Rd.
500 Bay Drive, Kapalua
5432 L. Honoapiilani Rd.
SHERATON MAUI C2
HONOKOWAI PALMS C2
KAPALUA GOLF VILLAS B3
NAPILI KAI BEACH RESORT B2
2605 Kaanapali Parkway
3666 L. Honoapiilani Rd.
100 Kapalua Drive
5900 L. Honoapiilani Rd.
THE COCONUT GROVE A3
HONOKOWAI SUNRISE C2
KAPALUA RIDGE VILLAS B3
NAPILI LANI B2
On Kapalua Drive
3676 L. Honoapiilani Rd.
100 Ridge Drive
5900 L. Honoapiilani Rd.
THE RITZ-CARLTON RESIDENCES A3
HONUA KAI RESORT & SPA C2
KULAKANE C2
NAPILI PUAMALA B2
1234 Kapalua Bay Drive
130 Kai Malina Parkway
3741 L. Honoapiilani Rd.
50 Napili Place
THE SPINNAKER E2
KULEANA I & II C2
NAPILI POINT B2
760 Wainee Street
3959 L. Honoapiilani Rd.
5295 L. Honoapiilani Rd.
LAHAINA INN E2
NAPILI RIDGE B3
THE WESTIN KAANAPALI OCEAN RESORT VILLAS C2
127 Lahainaluna Road
120 Hui Road F
6 Kai Ala Drive
LAHAINA RESIDENTIAL E2
NAPILI SHORES B2
VALLEY ISLE RESORT C2
1034 Front Street
5315 L. Honoapiilani Rd.
4327 L. Honoapiilani Rd.
LAHAINA ROADS E2
NAPILI SURF B2
WESTIN MAUI D2
1403 Front Street
50 Napili Place
2365 Kaanapali Parkway
NAPILI SUNSET B2
THE WHALER D1
E
HALE ROYALE C2
45 Kai Pali Place
Lahaina 30
46 Hui Road
Wailuku
3975 L. Honoapiilani Rd.
65 Hui Drive
Kaanapali HALE NAPILI B2 30
Condominium & Resort Directory
Kahului 36 37 37
380
2481 Kaanapali Parkway
NAPILI VILLAGE HOTEL B2 48 Hui Road F
F
LAHAINA SHORES E2 475 Front Street
350 31
NOELANI C2 4095 L. Honoapiilani Rd.
Maalaea
Kihei G 31
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T8
F
475 Front Street
4095 L. Honoapiilani Rd.
Maalaea
Kihei G 31
MAUI H
Map Detail
I
South Maui
J K L
ALOHA PUALANI G6
KAMAOLE BEACH CLUB H7
KIHEI KAI RESORT F6
MAKANI A KAI G5
NANI KAI HALE F6
15 Wailana Place, Kihei
2381 S. Kihei Road, Kihei
61 N. Kihei Road, Kihei
300 Haouli St., Maalaea Village
73 N. Kihei Road, Kihei
AUHANA HALE H7
KAMAOLE BEACH ROYALE H7
KIHEI KAI NANI I7
MAKENA BEACH & GOLF RESORT J6 NONA LANI COTTAGES G6
90 Auhana Road, Kihei
2385 S. Kihei Road, Kihei
2495 S. Kihei Road, Kihei
5400 Makena Alanui, Kihei
455 S. Kihei Road, Kihei
AWIHI TOWNHOUSE H6
KAMAOLE NALU I7
KIHEI MANOR H7
MAKENA SURF J6
ONE KOUNOU PLACE H7
2141 Awihi Place, Kihei
2450 S. Kihei Road., Kihei
2136 Konou Place, Kihei
96 Makena Rd., Kihei
2152 Kounou Place, Kihei
BAY VISTA APARTMENTS H7
KAMAOLE ONE H7
KIHEI PARKSHORES H6
MALUHIA AT WAILEA I7
OUTRIGGER MARRIOTT I7
2140 Awihi Place, Kihei
2230 S. Kihei Road, Kihei
2037 S. Kihei Road, Kihei
3400 Wailea Alanui, Kihei
3700 Wailea Alanui Drive, Kihei
HOTEL WAILEA I7
KAMAOLE PARK H7
KIHEI REGENCY H7
MANA KAI MAUI I7
PACIFIC SHORES APARTMENTS H7
555 Kaukahi, Kihei
Keonekai Street, Kihei
2441 S. Kihei Road, Kihei
2960 S. Kihei Road, Kihei
2219 S. Kihei Road, Kihei
FOUR SEASONS WAILEA J7
KAMAOLE SANDS I7
KIHEI RESORT H7
MAUI BANYANS I7
THE PALMS AT WAILEA I7
3900 Wailea Alanui Dr., Kihei
2695 S. Kihei Road., Kihei
777 S. Kihei Roads, Kihei
2575 S. Kihei Road, Kihei
3150 Wailea Alanui, Wailea
GRAND CHAMPION GOLF & TENNIS VILLAS I7
KAMOA VIEWS H7
KIHEI SANDS F6
MAUI BEACHFRONT RESORT H6
POLO BEACH CLUB J6
2124 Awihi Place, Kihei
115 N. Kihei Road, Kihei
1312 Uluniu Road, Kihei
20 Makena Road, Kihei
KIHEI SHORES I6
MAUI COAST HOTEL H7
PUNAHOA BEACH I7
2747 S. Kihei Road, Kihei
2259 S. Kihei Road, Kihei
2142 Iliili Road, Kihei
KIHEI SURFSIDE I7
MAUI COURT I7
ANDAZ MAUI AT WAILEA I7
2936 S. Kihei Road, Kihei
2747 S. Kihei Road, Kihei
3550 Wailea Alanui Drive, Kihei
KIHEI VIEW H7
MAUI GARDENS H6
ROYAL MAUIAN I7
Keonekai Street, Kihei
1450 S. Kihei Road, Kihei
2430 S. Kihei Road, Kihei
KIHEI VILLA H7
MAUI HILL I7
ROYAL MENEHUNE H6
2135 S. Kihei Road, Kihei
2881 S. Kihei Road, Kihei
2061 S. Kihei Road, Kihei
KIHEI VILLAGES F7
MAUI ISANA RESORT G6
SLEEPY HOLLOW H6
140 Uwapo Road, Kihei
515 S. Kihei Road, Kihei
1667 S. Kihei Road, Kihei
KIMO KE APARTMENTS I7
MAUI KAMAOLE I7
SHORES OF MAUI H6
10 Walaka Street, Kihei
2777 S. Kihei Road, Kihei
2075 S. Kihei Road, Kihei
KOA KAI APARTMENTS H7
MAUI LU RESORT G6
SUGAR BEACH RESORT F6
99 Walaka Street, Kihei
575 S. Kihei Road, Kihei
145 N. Kihei Road, Kihei
KOA LAGOON G6
MAUI OCEANFRONT HOTEL I7
VILLAGE BY THE SEA G6
800 S. Kihei Road, Kihei
2980 S. Kihei Road, Kihei
4327 S. Kihei Road., Kihei
KOA RESORT H7
MAUI PALISADES H7
WAILANA SANDS G6
811 S. Kihei Road, Kihei
Kilohana Street, Kihei
25 Wailana Place, Kihei
LAULOA G5
MAUI PARKSHORE I7
WAILEA EKAHI I7
100 Hauoli St./Maalaea Village
2653 S. Kihei Road, Kihei
3300 Alanui Drive, Kihei
LEILANI KAI H6
MAUI SCHOONER RESORT H6
WAILEA EKOLU VILLAGE J7
1226 Uluniu, Kihei
980 S. Kihei Road, Kihei
10 Wailea Ekolu Place, Kihei
LEINAALA H6
MAUI SUNSET H6
WAILEA ELUA VILLAGE I7
998 S. Kihei Road, Kihei
1032 S. Kihei Road, Kihei
600 Alanui Drive, Kihei
LIHI KAI COTTAGES I7
MAUI VIEW APARTMENTS H7
WAILEA GOLF VISTAS I7
2121 Iliili Street, Kihei
76 Walaka, Kihei
Above the Blue Course, Wailea
LUANA KAI H6
MAUI VISTA H7
WAILEA POINT J7
940 S. Kihei Road, Kihei
2191 S. Kihei Road, Kihei
4000 Wailea Alanui, Kihei
MAALAEA BANYANS G5
MENEHUNE SHORES G6
WAIOHULI BEACH HALE H6
190 Hauoli St./Maalaea Village
760 S. Kihei Road, Kihei
49 Lipoa Street, Kihei
MAALAEA KAI G5
MILOWAI G5
WAIPUILAN H6
70 Hauoli St./Maalaea Village
50 Hauoli St./Maalaea Village
1002 S. Kihei Road, Kihei
MAALAEA MERMAID G5
NA HALE KAI G6
20 Hauoli St./Maalaea Village
34 Wailana Place, Kihei
MAALAEA SURF RESORT F6
NA HALE O MAKENA J6
12 S. Kihei Road, Kihei
4955 Makena Road, Kihei
MAALAEA YACHT MARINA G5
NA HOLOKA I G6
30 Haouli St., Maalaea Village
34 Wailana Place, Kihei
Above Wailea Alanui Dr., Wailea KANA'I A NALU G5 GRAND WAILEA RESORT J7 250 Hauoli St./Maalaea Village 3850 Wailea Alanui Dr., Wailea KANOE RESORT H7 HALE HUI KAI I7 2050 Kanoe Street, Kihei 2994 S. Kihei Road, Kihei KANOELANI APARTMENTS H7 HALE ILI ILI J7 2065 Kanoe Street, Kihei 2172 Iliili Road, Kihei KAPULANI KAI H6 HALE KAI O'KIHEI H6 73 Kapu Place, Kihei 1310 Uluniu Road, Kihei KAU HALE MAKAI H6 HALE KAMAOLE I7 930-938 S. Kihei Road, Kihei 2737 S. Kihei Road, Kihei KE ALII OCEAN VILLAS H7 HALE MAHIALANI H7 28 Hauwahine Lane, Kihei 21 Kaiau Place, Kihei FAIRMONT KEALANI J6 HALE PAU HANA I7 4100 Wailea Alanui Drive, Kihei 2480 S. Kihei Road, Kihei KEALIA F6 HALEAKALA GARDENS H7 191 N. Kihei Road, Kihei 15 Kulanihakoi, Kihei KEAWEKAPU I7 HALEAKALA SHORES I7 2895 S. Kihei Road, Kihei 2619 S. Kihei Road, Kihei KEONEKAI VILLAGES H7 HO‘OLEI AT GRAND WAILEA J7 160 Keonekai Road, Kihei 146 Ho‘olei Circle, Wailea KIAWE TERRACE G6 HONO KAI G5 851 S. Kihei Road, Kihei 280 Hauoli St./Maalaea Village KIHEI AKAHI I7 ISLAND SANDS G5 2531 S. Kihei Road, Kihei 150 Hauoli St./Maalaea Village KIHEI ALII KAI I7 ISLAND SURF H6 2387 S. Kihei Road, Kihei 1993 S. Kihei Road, Kihei KIHEI BAY SURF G7 KAI MAKANI BEACH VILLAS G6 715 S. Kihei Road, Kihei Kai Makani Loop, Kihei KIHEI BAY VILLAS G7 KAI MALU AT WAILEA J6 775 S. Kihei Road, Kihei 3550 Wailea Alanui Drive, Kihei KIHEI BEACH RESORT G6 KALAMA GARDENS H7 36 S. Kihei Road, Kihei 36 Walaka Street, Kihei KIHEI COVE I7 KAIAMA TERRACE H7 2181 Iliili Road, Kihei 35 Walaka Street, Kihei KIHEI GARDEN ESTATES H6 KALAMA TOWNHOUSE H7 1299 Uluniu Road, Kihei 46 Walaka Street, Kihei KIHEI HOLIDAY G6 KALAMA VILLA H7 483 S. Kihei Road, Kihei 2144 Konou Place, Kihei
1
2
3
4
Wailea
Makena
How To Use This Map The condominiums & hotels in West Maui and South Maui are listed here in alphabetical order according to region. A grid letter and number coordinate is listed with each property for map location. Be advised that street addresses are not necessarily the correct mailing address. (Example: Addresses in the Maalaea area are served by Rural Route Delivery from the Wailuku Post Office.)
5
6
7
In Today’s Real Estate Market There’s No Substitute For Experience Joseph Hogin, Broker RB-19018 Jodi Hogin, Broker RB-19011 Direct: 808-870-2775 Next Home Pacific Properties BuyaHomeOnMaui.com
Steve Hogin, Principal Broker RB-12320 Rosie Poree-Hogin, R(S) RS-24773 Direct: 808-879-1511 Next Home Pacific Properties nexthomepacificproperties.com
Serving the Islands for over 30 Years 1279 S. Kihei Rd., #119, Azeka Mauka, Kihei, HI 96753 A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T9
REAL ESTATE GUIDE | MARCH 2016 BUYERS Continued from Page 5 spike in home sales in 2010. This was during the heart of the meltdown, when thousands of local folks lost their homes to foreclosure. As the “good deals” hit the market, they got scooped up, especially by non-resident investors. That unusual circumstance caused the scale to bend quite a bit more toward off-shore investors than usual during the DBEDT study’s period. These reports show that Maui “residential” sales have continued a 40-year pattern of off-shore investor dominance in the South and West Maui resort communities. And what they are buying are essentially 30- to 40year old hotel suites in shoreline condominiums. Those sales have little im-
pact on the regular residential market — homes where families live and raise their kids. And those sale especially do not affect the newhome market. Ultimately, the problem is one of supply and demand. Hawaii is renowned for having the tightest land use regulations in the nation. Those regulations protect the land from development. But they do that at the cost of crippling the supply of housing our population requires. Less supply means higher values, in an environment in which income growth has been stagnate. So the cost of housing increases as our incomes remain pretty much the same. The end result is our population can no longer afford the shelter our market is producing. The Realtor Association
of Maui has been focused on this issue for over a year. Our chief finding is that government needs to get out of the way. Both Gov. David Ige and Maui Mayor Alan Arakawa have echoed that realization: Government needs to facilitate the development of housing that our local residents can afford and quit being the impediment. The only way to get over the chronic lack of housing is to build more homes.
be passed on to one’s heirs and takes the cost of land out of the pricing and still provides all the benefits of traditional homeownership, including the development of home equity,” said former Executive Director John Andersen, in a press release announcing the home’s completion. “But the same recession that led to mortgage credit drying up and high unemployment rates made us turn ■ David DeLeon, the gov- to rehabilitating foreclosed ernment affairs director of homes that had been abanthe Realtors Association of doned and were becoming Maui, is a former Maui neighborhood eyesores,” he Photos courtesy Na Hale O Maui News reporter and served as said. Added Abdul, “Now we Photos from top: Jason Solomon (back row from left) an executive assistant to Mayors Linda Lingle and are back to our original busi- and his wife, Sheena Solomon, are all smiles with their Alan Arakawa. He can be ness model and our first af- children, Kahinau Solomon (from left), Ramsey Hillen reached at gad@ramaui. fordable-in-perpetuity new and Kala Hillen, at the Na Hale O Maui affordable home is located on Kama home they have lived in since October 2014. The com. Street in Waikapu. It is a home was appraised at $530,000 and purchased by four-bedroom, two-and-half- the Solomons for $325,000. Not pictured is their fourth bath home that has 1,600 child, daughter Shania Duarte-Solomon. Expect to see square feet of living area more Na Hale O Maui signs popping up on Maui as the with an additional 350-plus organization embarks on a program of building comsquare feet when the garage munity land trust homes that will remain affordable in and lanai are included.” perpetuity and never go to market price. The home, which on the open market would sell in the $200,000 price range. on its land with a resale price low $600,000s, is already in Na Hale O Maui is a com- set by a formula that is deescrow at $360,000 and will munity land trust and an in- signed to give present homeremain affordable in perpetu- dependent 501(c)(3) tax-ex- owners a fair return on their ity. empt membership organiza- investment, while giving fuIt is a pilot project for 12 tion. The mission of the or- ture homebuyers fair access NHOM land trust homes that ganization is to provide af- to housing at an affordable Local Experts. are projected to be built in a fordable housing for low- price. Global Exposure. residential project in Lahaina and moderate-income resi“Our home has given us that is being developed by dents of Maui, one home at a stability,” said Sheena WAILEA West Maui Land Co. NHOM time. The Institute for Com- Solomon. “It has been a The Shops at Wailea, Suite B-34 plans to build affordable munity Economics devel- blessing. We always strived 808.879.8880 homes for families earning oped the first CLT in the to meet that goal of owning a from 80 percent to 120 per- 1960s. There are more than home, to make it happen. WEST MAUI cent of the area median in- 200 CLTs operating in 38 The NHOM program made 5095 Napilihau Street, Suite 113A come. states around the country. it happen.” 808.665.1166 Homes are kept affordable Sheena, who is now a Despite the worst recession since the Great Depres- because the CLT acquires member of the NHOM UPCOUNTRY sion, NHOM was able to and retains ownership of the board of directors, added, 3628 Baldwin Avenue place more than 30 families land and sells the homes to “The important thing to re808.572.8600 homeowners member is that we did not do in three- and four-bedroom individual affordable homes over the through long-term renew- this just for ourselves. We past few years. Most homes able ground leases. The did it for our kids and our have sold for under terms of the ground lease grandkids. This home will $300,000 and many were give the CLT the right to re- always be affordable for fusold in the mid- to upper- purchase the home located ture generations as well.” A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T10
WE ARE. REAL LUXURY ESTATE
islandsothebysrealty.com EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED
AFFORDABLE Continued from Page 7
REAL ESTATE GUIDE | MARCH 2016
Factors to consider before buying an investment property eal estate can be an incredibly fruitful investment. Buying a property at the right time can provide investors with a substantial return when they decide to sell, and that opportunity compels many men and women to consider investing in real estate. While there’s no denying real estate can yield a great return on buyers’ initial investments, there’s more to making money in real estate than simply buying a property and waiting for its value to rise. Buyers who are thinking of investing in real estate should consider a host of factors before purchasing an investment property.
R
GREEN DECOR Continued from Page 2 county of Somerset,” creative director Charlie Cosby recalls. During renovation, an original gun cupboard was removed, revealing the paint color. Rich and earthy, it’s a green in the family of avocado, olive and evergreen. Crate & Barrel’s Marin collection of artisan-made stoneware comes in a relaxed yet sophisticated lemongrass shade. There’s a soft wool rug named Baxter in the hue as well.
Investment properties are not eligible for as many tax benefits as primary residences. However, landlords
can write off repairs, management costs and other fees associated with rental properties. But it’s not just their own tax bill prospective investors should consider before buying a property. Many potential buyers down the road may prefer a property in an area where property taxes are relatively low, so even if you can afford the tax on the investment property, you may find buyers are unwilling to assume that burden when you put the property up for sale in the future. Price trends, taxes, location and school systems LOCATION are all things to consider Prospective real estate in- when purchasing an investors no doubt know the vestment property. value of location with regard to real estate, but if you neighborhood that’s currentcan’t afford to buy in a ly hot, that does not neces-
If you’re trying green for the first time, Eiseman advises looking at the bluegreens. “They’re the most universally pleasant and least risky,” she says. “Particularly teals and deep turquoise.” West Elm has a little midcentury-style desk and wooden counter stools in a gentle blue-green they’re calling “oregano.” CB2 has a sleek, low-profile dresser done in highgloss mint lacquer. They also have a mint, powder-coated steel filing cabinet, and an
“pop” to walls and home accessories. At All Modern, find bold, zigzag-printed throws and slipper chairs from Amity Home, Deny Designs and Handy Living. Kitchenaid’s mixers and tools come in a fresh apple green. Looking for other colors with which to pair green? “Reach across the color wheel and choose the complementary colors,” Eiseman says. “It’s the rose tones, wines and warm purples that are very effective with shades of green.”
PRICE TRENDS
Recent sale activity in a given town or neighborhood is something prospective real estate investors should study before buying an investment property. Wouldbe real estate investors can explore real estate websites such as Zillow.com for recent sale information, which may also be available through local government agencies. Such data can be invaluable, showing potential investors which neighborhoods are in demand and which may be in decline. TAXES
Photo via AP
Crisp and contemporary green-and-white chevrons make a bold statement. array of minty trays, vases and napery. Saturated shades like chartreuse, citron and lime give a
sarily mean you can’t still capitalize on that area’s popularity. When a town becomes popular, its property values rise, and many buyers find themselves just barely priced out. When that happens, the surrounding towns tend to become the next hot neighborhood, as these areas are nearly as close to the attractions that make the initial neighborhood so desirable. Buying on the outskirts of a hot neighborhood can set you up to benefit nicely when that area gets too pricey. SCHOOLS
School systems should be examined even if you do not have children. In a recent Trulia.com survey of Ameri-
can home buyers, 35 percent of respondents with children under age 18 indicated they want to live in great school districts. GreatSchools.org has profiles of 200,000 public, public charter and private pre-K-12 schools. Investors can use the www.Great Schools.org search engine to find information about local schools and school systems so they can better position themselves to buy properties in areas that will appeal to buyers down the road. Real estate can be a fruitful investment, and investors who want to benefit the most from their properties will explore various factors before purchasing a home or homes.
Cathy Pellazar REALTOR (S)- RS #13566
Cell: (808) 276-2666 FAX: (808) 442-9000 Email: islandmauiproperties808@gmail.com Wailea Office 100 Wailea Ike Drive, Suite #6 Wailea, Hawaii 96753
Two Generations of our Family Dedicated to Your Real Estate Goals
“Quality isn’t Expensive, it is Priceless.” Joanne Foxxe, Realtor (S), CRS, GRL, RSPS
(808) 385-2918
Thomas G. Delmore Principal Broker cell 283-2438 tom@delmore.net
Brian K. Delmore Realtor Salesperson cell 212-7707 brian@delmore.net
Kimberly Delmore R(B), ABR, CRS cell 298-6655 kim@delmore.net
www.delmore.net 700 Office Road, Lahaina, HI 96761 jofoxxe@aol.com www.kapalua.com www.joannefoxxe.com
1877 Wili Pa Lp #2, Wailuku
242-1467 A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T11
When you want the best, call a CRS 667-7748
www.MindsEyeInterior.com Lahaina
REAL ESTATE GUIDE | MARCH 2016
L et S pring inspire you and your D ecor! C reate a fresh look at
HOME LOANS FROM AMERICAN SAVINGS BANK
Al Alfonzo NMLS #477498 (808) 344-8439
Virgie Barbero Kisha Kawakami NMLS #477417 (808) 385-4558
NMLS #470759 (808) 281-8099
Byron Yap
Eric Miyajima
NMLS #860092 (808) 280-3491
VP / Loan Manager NMLS #470761 (808) 280-6444
NMLS #423168
MAKALI‘I Continued from Page 3
location. Each Realtor has a biography and contact information on the webFoxxe site. I usually contact two to three Realtors and see which would be the best fit for my clients. When you refer to a CRS agent, you know that person has sold a certain dollar volume of sales and has completed a certain amount of educational courses to obtain the designation. Your clients will be in good hands. CRS and all Realtors can take CRS educational courses in the areas where buyers may move from. In this instance, Realtors who live, let’s say, on the West Coast. I would take courses in those areas, and meet Realtors of like mind. We all exchange business cards. Real estate is all about the connections and relationships developed over the years. Many of our large real estate offices, which have newer agents, will ask the more experienced agents for advice. This expands the
CRS network even more. When I moved to the Hawaiian Islands, I was receiving referrals for other islands. The Mainland agents don’t realize where the cities and towns are located, or that we are separated by an ocean. The Aloha CRS Chapter is active on all the islands. We are a large group that refers interisland. We advertise in publications. We have educational courses on all the islands, which create those networking opportunities. Our courses are top-of-the-line, bringing in instructors from all over the country. Last month, at our Realtors Association of Maui general membership meeting, tax expert Chris Bird taught course on taxes. It was well received and informational. I am the Maui director for the Aloha Chapter. I would love to help agents achieve their designation. Remember, if you are buying or selling your largest investment, you want to call the PH.D. of real estate, a CRS. — Joanne Foxxe of Kapalua Realty is the Maui CRS director
appointed barbecue area and pavilion, exercise room, terrace, spa and infinity pool. Walking paths will traverse the property and connect with micro parks filled with native plants, trees and flowers.
vas of the land. She said the design, combined with the limited number of townhomes being built, will provide the ultimate Wailea lifestyle. “It’s going to be a great community,” she said. For more information on the project, visit the Makali‘i showroom at The Wailea Group in The Shops at Wailea, call 875-6911 or visit www.makaliiatwailea. com.
developing communities where there is a need and a market that fits with Hawaii’s unique culture. Project leaders foresee Makali‘i as a new way of livCallahan said she has ing in Wailea, mingling the been working in real estate indoors with the outdoors. A Residents Club, which on Maui for many years, and Callahan said will be a said Makali‘i is unique, es“show-stopper,” will be pecially in the way the NMLS #423168 perched high above the entry homes gently step down the to Makali‘i, offering a well- hillside, respecting the canA Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T12
Ask about our current first-time home buyer promotion that can help you save on closing costs!
Member FDIC asbhawaii.com
ertified Residential Specialist is a special designation of Realtors, under the National Association of Realtors. CRS agents have completed hours of education and continual training to stay on top of this changing industry. We have educational courses for all agents, with top-of-the industry teachers and educators. CRS agents are like the PH.D.s of Realtors, at the top 3 percent of Realtors nationwide. The benefits of working with a CRS are many. One of which is the networking capability that comes into play frequently in the islands. For example, if I have a client selling on Maui, wanting to move anywhere in the U.S., I have a directory and network of agents from which to choose. I used to live in California, and was president of the CRS northern California chapter in 2006. Having that experience, I know many California agents personally with whom I could refer. If my clients were moving somewhere that I was not familiar with, I would go to the CRS.com website and search the database by
C
REAL ESTATE GUIDE | MARCH 2016
Super kitchens: Stove, sink, fridge . . . and wifi countertop By MELISSA RAYWORTH The Associated Press
merican kitchens have always served as more than cooking and eating spaces. Generations of kids have done homework at kitchen tables. Parents claim counter space to organize family miscellany, tap out work emails on laptops or install a television. But now those work and entertainment uses are part of kitchen design from the get-go. The era of the “super kitchen” has arrived. “Our findings show that homeowners expect kitchen renovations to go far beyond improving flow, storage or aesthetics,” said Nino Sitchinava, principal economist at Houzz.com, in announcing the site’s 2016 Kitchen Trends Survey. “The ‘super kitchen’ has literally become a living room, family room and office, with finishes, layouts and decor that challenge us to define where the kitchen ends and the rest of the home begins.” Interior designer Mikel Welch calls the kitchen “the new epicenter of the house.” “Everybody’s working from home,” and they often prefer doing that in an open kitchen rather than a sequestered home office. What are the features of a
A
true “super kitchen”? HIGH-TECH STATIONS
Designer Tiffany Brooks, host of HGTV’s “Most Embarrassing Rooms in America,” says homeowners want technology within easy reach, but protected from food and drink spills. Some add a built-in iPad docking area or laptop station on a counter, while others choose the less expensive option of adding a tablet dock mounted under a cabinet, with an arm that swings out. People also want power. Pop-up outlets are being installed directly into countertops, says Sarah Fishburne, director of trend and design for the Home Depot. Wireless “charging countertops” are also available, including LG’s Tech Top and Dupont Corian. And homeowners are adding extra power outlets throughout the kitchen, and designing dedicated charging areas with power strips. The goal, says Fishburne, is to have “many outlets readily available for anything you might need to plug in, from computer to glue gun.” Another tech choice: Dishwashers that run almost silently, so they won’t distract you while you’re working in the kitchen. And fullsize televisions are being
Photo via AP
Two islands offer plenty of space in this kitchen. The era of the “super kitchen” has arrived, say interior designers and trend-watchers: People are building or remodeling kitchens that include work and entertainment space, too. added to the main cooking area so you can do your binge-watching in the same place where you try to avoid binge-eating. The traditional focus of kitchen planning — a stovesink-refrigerator triangle — has become a square, Welch says, with the TV added as a core necessity.
Occasionally, new kitchen technology does involve food: “Warming drawers are huge,” Brooks says. Because many people work nontraditional hours, “somebody is cooking at 2,” she says, “but then somebody is eating at 5, and somebody is coming home at 9.” And some people, Welch
says, “want to essentially bring Starbucks to them.” Restaurant-quality drink facilities are being added to home kitchens, including elaborate built-in tea and coffee stations, built-in soda systems, faucets with a sparkling water spigot and temperature-controlled wine refrigerators.
Pyramid Insurance Centre, Ltd.
April J. Kaneshiro Agent
RS-71240
Maui Office – Maui Market Place Dir: 808.442.8357 270 Dairy Road, Unit 160 Off: 808.242.4789 Kahului, Hawaii 96732-2986 Fax: 808.244.0856 www.pyramidins.com april.kaneshiro@pyramidins.com
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T13
MORE SURFACES, MORE SEATING, MORE STORAGE
“An emerging trend is two islands being incorporated into a kitchen, if there is space,” says Fishburne. “This allows for a prep island and an island to
See SUPER KITCHEN on the next page
REAL ESTATE GUIDE | MARCH 2016 up the kitchen to the rest of the house, many homeowners are decorating the accommodate other family kitchen to match other functions like work or homerooms. work while you are prepar“The kitchen is becoming ing dinner.” a lot prettier,” Brooks says. Several of Welch’s design “It is what the living room clients have requested overwas” years ago. size countertops that “allow The kitchen backsplash six to eight people to comarea can be a creative showfortably sit with barstools,” case, the designers say, using he says. Lounging-friendly seating And along with opening custom-made tiles or even antique mirrored glass. Kitchen storage, too, is becoming more stylish and Lena M. Taberna R(S) more organized. Closet-de“The Complete Package of Aloha” sign systems originally con“Selling you the Maui lifestyle ceived for bedroom closets based on trust, market are now being used to organknowledge, and lasting ize kitchen cabinets and relationships.” pantries, Brooks says. And rather than cramming Lic. #73734 Cell: (808) 281-4240 work papers or family files Email: Lena@LenaTaberna.com Website: www.LenaTaberna.com into a cabinet designed for dishes, designers are building office and crafts storage into
SUPER KITCHEN Continued from Page 13
is a priority, whether or not guests will be eating. If a kitchen doesn’t have space for a sectional sofa or other large seating, some homeowners are knocking down walls to merge the kitchen with other rooms. Houzz says half of its survey respondents reported making their kitchens more open to other indoor spaces.
Photo via AP
An oversized island provides ample seating the kitchen. Many kitchens now have desks or computer workstations, and the days of bringing in “horrible, chunky rolling cabinets” to store files is over, says
Welch. Non-kitchen items are stored in “built-ins that match the rest of the kitchen.” Whether they’re asking for the most flattering light-
Homeowner Happiness begins here...
VW QG 0RUWJDJHV s +RPH (TXLW\ /LQH RI &UHGLW )LUVW 7LPH +RPHEX\HU s $QG 0RUH $SSO\ WRGD\ DW RXU .DKXOXL DQG .LKHL EUDQFKHV
KDZDLLXVDIFX FRP
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T14
ing or details like high-end brass cabinet pulls, clients want everything to be beautiful, Welch says. More than ever, they want “that visual ‘wow’ factor.”
REAL ESTATE GUIDE | MARCH 2016
Learn how to make an offer that sellers can’t refuse
uying a home can be very competitive. A well-maintained property with all of the bells and whistles that today’s buyers demand figures to attract many offers, and buyers who have found their dream homes must be prepared to make an offer that sellers can’t refuse. Standing out in a sea of other potential homebuyers is not always so easy, but there are steps buyers can take to ensure their offer is the one sellers ultimately accept. • Get preapproved for a
B
EFFICIENT Continued from Page 2 plug any you find. Homes may develop air leaks over time, and such leaks allow air to infiltrate the home. When that occurs, homeowners instinctively turn up the thermostat in winter to combat the cold air getting in. Come summertime, those same homeowners will run their air conditioners on a higher setting in an effort to stay comfortable when hot air is creeping through the cracks. Rather than adjusting the temperature inside, fix any sources of air infiltration you find. Run your hand along doorways and windows to determine if any drafts are coming through. Older homes may also develop cracks in bricks, around the foundation and in siding or stucco. Seal any areas where you feel air infiltrating your home, which will save money, reduce your energy consumption and make your older home more efficient.
mortgage. Sellers’ patience may wear thin with buyers who are not preapproved for a mortgage when making their offers. Preapproval can speed up the selling process, as buyers won’t need to secure financing afterward. When sellers receive multiple offers on their homes, they are more likely to sell their homes to buyers whose financing is already lined up as opposed to buyers who have to scramble to secure loans. • Establish a strong rapport with the sellers. It’s not uncommon for homeown-
ers to develop emotional attachments to their homes, and buyers should keep that in mind when viewing a home and negotiating their purchase. Sellers won’t want to hear about how ugly a home is or how much money buyers will have to spend to bring the home up to their standards. While buyers must weigh such variables when making their offers, keep it as cordial as possible and avoid any inflammatory remarks during the negotiation process. Sellers may be more likely to accept a low-
• Add insulation. Many older homes are poorly insulated. But according to the United States Environmental Protection Agency, adding insulation can reduce energy costs by as much as 50 percent. Installing insulation can be tricky, especially if insulation was not originally included in your home, as is sometimes the case with older homes. Insulation can become damp and prove ineffective if installed improperly. Damp insulation also may contribute to mold growth and rot in the home’s framing. Older homes may be lacking adequate insulation around attics, crawl spaces, basements, heating and cooling ducts, and water pipes. Cover your water heater with an insulated water heater blanket so the heater retains more heat and consumes less energy to heat the water. • Stay on top of your home. Much like older vehicles, older homes require a little extra TLC on the part of homeowners. Don’t
allow your home to fall into disrepair. Even if your energy bills are not on the rise, inspect windows and doors to make sure they are closing tightly, as over time such seemingly minor problems can add up to substantial energy loss. Don’t forget to clean gutters and downspouts, removing debris that can add up and lead to water damage that may ultimately compromise the effectiveness of your home’s insulation. • Book an energy audit. Energy audits, which may be offered free of charge by your utility company, can help detect any additional areas where a home may be using energy inefficiently. Even if you have to pay for an audit, the cost savings if any additional inefficiencies are discovered will likely add up to more than the cost of the audit. Older homes are attractive to many homeowners, who can take several steps to make sure their homes are operating as efficiently as possible.
er offer from a buyer they like than a higher offer from someone they don’t like. • Don’t delay an inspection. When a property is drawing significant interest, buyers can set their offers apart from the rest by arranging for a near-immediate inspection. Some buyers may want sellers to give them a couple of weeks to arrange for an inspection, and that may irritate sellers who want to sell their homes as quickly as possible. Have an inspector
ready to perform an inspection within days of making your offer. • Include an escalation clause. When making an offer on a home, prospective buyers can include an escalation clause. Such a clause acknowledges that a potential buyer is willing to increase his or her initial offer by a predetermined amount to exceed any bids that are higher than that initial offer. When sellers trigger such clauses, they are often required to show the other of-
fers they received that triggered the escalation clause. Escalation clauses show the sellers you really want the house while keeping potential buyers’ hopes of buying the home alive when the bids are competitive. Prospective homebuyers may find themselves in some stiff competition upon finding their dream homes. But a few simple strategies can make their offers stand out and increase their chances of buying their ideal homes.
M aui T ropical R ealty Business (808) 891-0785 Fax (808) 891-0788 1325 S. Kihei Road, Suite 221 Kihei, Maui, Hawaii 96753 website: www.mauitropicalrealty.com
Wesley J. Barut
Valerie Ann Abac
Principal Broker Call (808) 870-5821 email: mauitrop@aol.com
Realtor Broker / Property Manager Call (808) 870-5830 email: vamilion@aol.com
EXCEPTIONAL OPPORTUNITY – KAANAPALI GOLF ESTATES
332 Aalii Way, 3 bedroom, 3.5 bath, pool/spa. Appraisal priced at $1.950M. MLS #365794. Owner financing is available. pluta@maui.net • mauidestination.com
Joseph D. Pluta, Realty, LLC Joseph D. Pluta (R) (PB)
REAL ESTATE SERVICES & VACATION RENTALS 181 Lahainaluna Rd. #I, Lahaina, HI 96761 808.283.4533 cell 808.661.7990 ph 808.661.7992 fax
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T15
Wailea’s newest and most exciting community.
Located at the gateway to Makena and just a short stroll to Polo Beach and the Wailea beachwalk, this hillside residential community across from the Fairmont Kea Lani Resort introduces a fresh new approach to life in Wailea. The designers of Makali‘i’s 68 luxury 2 and 3 bedroom townhomes (in 17, 4 plex buildings) take their inspiration from the island architecture of the mid-1950’à V> i` `iÀ >Ü> > ° / Àii y À« > à ranging from 1562 to 1802 sq.ft. offer generous, open Û } ë>ViÃ Ü Ì Ã >À } y À Ì Vi } } >ÃÃ Ü ` Üà that create unsurpassed indoor-outdoor living.
Visit the Makali ‘i Shoroom
The Wailea Group, LLC The Shops of Wailea, 3750 Wailea Alanui, Suite 5EW Wailea, Hawaii 96753 "vwVi°nän°nÇx°È ££
You’ll enjoy luxurious maintenance free island style living at Makali‘i, surrounded by Wailea and Makena’s spectacular views of the slopes of Haleakala, dramatic ocean, island and sunset views with Molokini as its centerpiece. Makali‘ ° ° ° Àià ÀÌ Û } >Ì Ìà w iÃÌ Ü Ì endless ways to pamper and indulge yourself.
Now Selling
808.875.6911 • makaliiatwailea.com
The hand drawn and computer renderings shown and included in this ad are for illustrative purposes only and are not intended as a warranty or representation by the developer. The developer hereby disclaims any representation, warranty or assurance to a prospective buyer regarding the size, height, location or composition of any improvement to be constructed on the project as depicted in this ad, or the views to be enjoyed from any particular location on the project. The landscaping and certain portions of the surrounding areas which are shown in the computer or artists renderings in this ad include a depiction which shows mature landscaping and the neighboring areas for illustrative purposes only and does not necessarily reflect how the actual project landscaping will look when it has gained maturity or the appearance of the neighboring area from the locations depicted. None of the appurtenances and furnishings shown or depicted in the unit in this ad is included with a unit unless expressly provided under the sales contract with a prospective buyer. This is not intended to be an offering or solicitation of sale in any jurisdiction where the project is not registered in accordance with applicable law or where such offering or solicitation would otherwise be prohibited by law. You are advised to obtain and read the Developer’s Public Report for the project required by the laws of the State of Hawaii.
A Supplement of THE MAUI NEWS – Friday, March 25, 2016 – Page T16