Overview of the Wailea Palms
Wailea Palms is a premium gated condo community in Wailea, Maui, offering 120 residences spread across 15 buildings. The concrete buildings are strategically positioned for stunning views and privacy. The complex is conveniently located near Keawakapu Beach, The Shops at Wailea, and Wailea Village Center. Golfers and tennis players have access to championship-grade courses and courts. Wailea Palms is long-term rentable, it is not zoned for short-term rentals (less than 6 months).
What We Love
Wailea Palms is a great spot for part-time residents and full-time residents alike. The size of the project and the configuration of the buildings make these condos feel more like townhomes than high-density condominiums.
What We Could Do Without
Wailea Palms has a Mediterranean feel to it that feels a little out of place for Maui. Some people love the aesthetic and some people look elsewhere for their needs. Either way, it’s a consideration for resale.
Unit Configurations
Wailea Palms offers five spacious floor plans, with options ranging from one-bedroom, two-bathroom units at 1,022 to 1,032 square feet, two-bedroom, two-bathroom units spanning 1,194 to 1,299 square feet, and two-bedroom, three-bathroom units ranging from 1,559 to 1,699 square feet, all featuring large lanais for a distinctive living experience.
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.
Onsite Amenities
- BBQ Area
- Swimming Pool
- Spa
- Recreation Area
- Club House
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).
Wailea Palms Sales Statistics
Please feel free to reach out directly for active listings, pending sales, specific sales data, or current price opinions.
The report below is real-time data sourced from the Realtors Association of Maui. The statistics include Wailea Palms’ average sales price and average price per square foot. These graphs will update automatically with the most recent data.
1 Bedroom
2 Bedroom
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. (This information is prone to regular updates and changes.)
Click here for the Association information.
Primary Uses
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)
South Maui Map
Zoning
The zoning for Wailea Palms is A-1 apartment. As per Maui County Rules, vacation rentals are not allowed.
Taxes
Taxes to consider when owning at Wailea Palms:
- 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. Resident owner occupants that spend 270 days or more here a year also receives the home exemption tax break.
Weather
Helpful Weather Resources:
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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