Maui is a place where many people go throughout the year to get away from day to day life. Relaxation and beauty abound in this natural oasis. Conde Nast Traveler Magazine has voted Maui the best island in the world over sixteen times. Fair and pleasant weather all year in addition to the culinary availability and things you cannot see in other parts of the world, like regular Humpback whale sightings, bring people to this destination each and every year.
While Maui is a gem in Hawaii and the world for vacation and tourism, at the same time, Maui is a place of commerce and opportunity.
One of the main businesses in Hawaii in general and especially in Maui is the hospitality sector. While resort options are endless, some stand above others. Many visitors to Maui may look to rent from private owners or through Airbnb as opposed to going through a major rental company. This creates a unique ownership opportunity that could allow yearlong access to one of the best tourist destinations in the world, but also create steady passive income through vacation rentals. In addition to the passive income created from vacation rentals, Maui is one of the most steadily appreciating real estate markets in the United States according to Zillow, creating long term equity and wealth creation.
Why Condos? Why Maui?
We have attained that Maui is a great place to own, now what makes one condo better than another? Many different factors can be examined when it comes to determining if a particular condo is for you. Most of the major residential properties in Maui operate as condo associations because it allows all the owners to maintain a level of maintenance and management that lends itself to increased property values. The congruent nature of the properties allows one image to be presented, rather than each unit having its own flair and level of maintenance. This ensures that an investment property will continue to hold value. When looking for a condo, there are different building types. High rise buildings that go vertical can be a unique purchase in that units typically will have excellent views and have more common area amenities within the building such as shared fitness centers, pools, and saunas. Villa style condos are popular as well that may involve a sprawling campus atmosphere with individual or duplex style units. These may have more walkability to natural features like beaches or rock formations. The choice depends upon individual preference and location. A location that is considered Class “A” but with a Class “B” building will command higher rents than the reverse in almost every real estate market. However, individual preference remains key and finding a condo with a good blend of access to amenities, an active maintenance plan, access to natural features, and with good neighbors will be key.
Considering those things, below are a few good options for those looking at condominiums in Maui.
Wailea Point Condominiums
A high rise looking above resorts, this condominium project blends an incredibly luxurious high rise boasting multiple amenities with some of the best views in Maui. Wailea Point Condominiums offer the dream Maui lifestyle.
Hokulani Golf Villas
Hokulani Golf Villas boasts an infinity pool, mountain views, and access to Maui Nui Golf Course. This gated community offers the luxuries of your own custom home, but with the convenience of a condo structure.
Montage Residences Kapalua Bay
Montage Residences along Kapalua Bay offer a lifestyle resort level amenity center along with the ideal location along Kapalua Bay. Laguna style pools and golf discounts are just some of the benefits including 24-hour concierge service.
Coconut Grove Condominiums
While operating as a condominium project, Coconut Grove is a unique site of thirty-six different homes in an enclave of beach views. A quick five-minute walk will take residents to world-class golf, tennis, fitness, and restaurants in the area. For a truly private feeling beach front residence, Coconut Grove hits the mark.
Honua Kai Condominiums
A more value buy on this list, these condos still feature over five swimming pools, multiple hot tubs, and easy beach access. The Home Owners Association owns multiple amenities, allowing for common areas that allow a carefree lifestyle.
While all these condos have different features and price points, the point is that there is something for everyone in Maui. Ownership of a condo within the island can create opportunities to live, relax, and invest in one of the most beautiful places the world has to offer. For further information on Maui real estate, contact your local Maui market expert, Evan Harlow, at 808-214-4799 or email at firstname.lastname@example.org.