Maui Property Taxes 2023-24Changes: Classifications & Rates Each year, Maui County does two things: assesses the value of the property AND sets new rates for the upcoming fiscal year, which runs from July 1st-June 30th.  Below is a snapshot of the new Maui County Property Tax Rates for 2023-2024as well as a summary of how they've changed over the years. How do you calculate your property taxes given the new tiered system? Fidelity National Title put together this helpful video when the new tiered system was introduced in 2020.  Note the tier amounts have changed in 2022 from ..read more

FAQ: Vacation Homes & 1031 Exchanges 1031 exchanges are common here on Maui, where many properties are second homes.  The following is a summary of the guidelines for Exchanging a Vacation Home as part of a 1031 tax deferred exchange.  The information outlined below is courtesy of Julie Bratton, of Old Republic Exchange Company. IRS Guidance on Exchanging Vacation Homes:Revenue Procedure 2008-16 Provides Safe Harbor  Revenue Procedure (“Rev. Proc.”) 2008-16 provides a safe harbor for exchanges of vacation homes (defined as “dwelling unit” in the Rev. Proc.). This r ..read more

KAPALUA MARKET UPDATE: First Quarter 2023 The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua Kapalua Condominiums:  2018-Q1 2023 Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are lo ..read more

Maui Real Estate Market Overview and Buyer Statistics: 2022 Many Sellers want to know where buyers of Maui County real estate call home (in this case, their legal residence).  Historically, buyers originate largely from the state of Hawaii.  In total, there were just 38 sales to foreign nationals out of 2067 in 2022, accounting for just 2 of the sales volume (number of sales) and 4 of the dollar volume ($).   Buyers from the US represented 98 of the sales volume and 96 of the dollar volume. The majority of Maui's buyers are Hawaiian residents, representing 67 ..read more

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.  The report notes: "Nationally, existing home sales jumped 14.5 month-over-month as of last measure, the first monthly gain in 12 months, and representing the largest monthly increase since July 2020, according to the National Association of REALTORS® (NAR). The sudden uptick in sales activity stems from contracts signed toward the beginning of the year, when mortgage rates dipped to the low 6 range, causing a surge in homebuyer activity. Pending sales have continued to improve heading into ..read more

Introducing 330 Cook Pine Drive: elevated living in Kapalua's Pineapple Hill Community Sunset at Pineapple Hill from 330 Cook Pine Drive This is a rare offering of of one of only six homes on an oversized lot in Pineapple Hill.  This gracious estate is nestled on a hill overlooking the Pacific Ocean framed by the neighboring islands of Molokai and Lanai.   This private ocean view estate is situated on approximately a half-acre in one of Kapalua’s most popular neighborhoods, Pineapple Hill. Remodeled in 2018 with a contemporary, elegant island inspired design, this home ..read more

Introducing Kapalua Bay Villas 35B2: oceanfront living in Kapalua This is a rare offering of an oceanfront Kapalua Bay Villa located along the spectacular Kapalua coast.  This spacious one bedroom, two bathroom townhouse floor plan is situated overlooking Hāwea Point.  It has been beautifully renovated with thoughtful attention to detail. At the Kapalua Bay Villas, the bridge-level townhouse floor plan is coveted as it offers ocean views from both the upstairs and downstairs living spaces.  Downstairs the kitchen, living room and lanai are oriented to the view.  Upstai ..read more

KAPALUA MARKET UPDATE: 2022 Year in Review Kapalua Condominiums:  2017-2022 Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views. Ke ..read more

Sotheby's International Realty has released its Luxury Real Estate Outlook Report for 2023, which provides insights into luxury real estate markets around the globe, issues with the supply chain, inventory, and guidance such as How to Sell a High End Home During Any Type of Market.  The report provides valuable observations for Maui's real estate market, particularly in the resort areas, where there was a significant change over in ownership in 2021.  There were fewer sales in 2022, which was not unexpected, as available inventory decreased dramatically. Here is a snapshot ..read more

KAPALUA MARKET UPDATE: December 6, 2022 Featured Listing: 322 Cook Pine Drive is a lot listed in Pineapple Hill Kapalua Condominiums, Homes and Land Kapalua Condominiums Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapal ..read more