Overview of Mana Kai Maui
Set between South Kihei and Wailea, Mana Kai Maui Resort mixes oceanfront living with massive views. The 98-unit building is strategically located with direct access to Keawakapu Beach for swimming and snorkeling, as well as nearby Kamaole Beaches I, II, and III. Golf courses are also close by, and Kihei and Wailea offer plenty of dining, shopping, and entertainment options.
Unit Configurations
Constructed in 1973, Mana Kai Maui comprises 98 two-bedroom units, each featuring a versatile layout with the option to lock off one bedroom separately. The floor plan below provides insight into its configuration. With living spaces offering panoramic ocean vistas, residents are treated to unparalleled views, showcasing some of Hawaii’s most breathtaking scenery.
The floor plan below is not to scale or guaranteed. Individual owner modifications may result in differences. For unit-specific confirmation, please feel free to reach out.
What We Love
- The location of Manakai is fairly unrivaled. With views directly down to Makena, you can enjoy sunsets from your lanai. Additionally, the lanais are set on the leeward side, which in this area (known for being windy) is crucial.
What We Could Do Without
- I wouldn’t say this is a big issue, but there is a beach parking directly next to the complex, which does create more foot traffic back and forth.
Sunset over South Maui
Onsite Amenities
- Swimming Pool
- BBQ Area
- Recreation Area
- Fitness / Yoga Center
- Elevator
- Beach Access
Nearby Amenities
Some of the most well-known Maui golf courses are only around the corner. If shopping is your favorite pastime, The Shops at Wailea offers extensive options. Not to mention the proximity to some of the world’s most magnificent beaches (Big Beach, Little Beach, and Keawakapu Beach).
Mana Kai Maui Sales Statistics
Please feel free to reach out directly for active listings, pending sales, specific sales data, current price opinions, or any other data.
The report below is real-time data sourced from the Realtors Association of Maui. The statistics include Mana Kai Maui’s average sales price and average price per square foot. These graphs will update automatically with the most recent data.
Association information
For up-to-date information on Homeowner Association (HOA) fees and related matters, don’t hesitate to reach out via call or email.
Here are the Association rules and information.
Primary Uses
Short-Term Vacation Rental
Maui vacation rental demand has consistently performed well throughout the years due to the desirability of being in a tropical setting yet still within the United States. During the peak winter season, Maui’s population can shift from the baseline resident population of 165K or so to over 300K people.
Historically, the typical vacation rental condo averages 75-80% occupancy; we have some clients and property managers that consistently keep their units 90%+ booked. High-end units may see lower occupancy than mid to low-end vacation rental units.
As a guide for our clients, we apply the 10% rule to help them identify properties with a gross annual income of 10%+ than their acquisition cost. An example would be a $1M property grossing $100k or more yearly. The net income to the seller would be based on how they operate the unit and the work they’re willing to do. Self-managed units net the highest income but also require the most work. Front desk management usually has the lowest income but less involvement and flexibility. Independent property managers are often the happy medium between excellent service and solid revenue. Please reach out if you’d like a proforma or rental projection for a particular unit. We’d love to help.
Long-Term Rental
Long-term rentals are considered six months or longer here in Maui. You avoid some operations costs such as cleaning, higher management fees, and higher tax rates; however, you are likely to get more income running your unit as a short-term vacation rental. Long-term rentals also offer you less flexibility for owner stays.
Second Home
If your goal is not to maximize your ROI but to simply use the unit as you please, you can do so. You would pay the highest and best use for real property tax, but you would not be subject to the TAT and GET taxes (see below) associated with income-producing short-term units.
Owner Occupant
If Maui is where you want to call home, the owner-occupant is the one for you. If you spend 270 days out of the year on Maui and your unit is your primary residence, then you can apply for the Owner Occupant exemption (frequently asked questions)
Zoning
The zoning for Mana Kai Maui is Hotel. As per Maui County Rules, long-term and vacation rentals are allowed.
Taxes
Taxes to consider when owning at Mana Kai Maui:
- Transient Accommodations Tax
- General Excise Tax
- Real Property Tax (This rate will change depending on your use. You may fall under short-term vacation rental, long-term rental, or the base zoning if your unit is an empty second home or owner-occupied.)
Weather
Helpful Weather Resources:
Keawakapu Beach at Sunrise (photo by Just Pended Hawaii)
Why Tim Stice?
I love what I do and I’m here to offer my clients outstanding service. My team and I have seen almost every scenario imaginable (at least, we’d like to think). Through solution-based problem-solving, transparent communication, and unrivaled market knowledge, we have successfully navigated over a half billion in closed transactions. We care about our clients and are eager to earn the title of your real estate representative.
Give me a call or shoot me an email.
Tim Stice | 808.268.8511 | timstice@hawaiilife.com
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