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$575,000
Est. payment /mo
2 Beds
1 Bath
685 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 685 sqft
Price per Sqft $839
Subdivision Kalama Terrace
MLS Listing ID 410104
Bedrooms 2
HOA Fees $1,429/mo
HOA Y/N Yes
Year Built 1972
Lot Size 1.450 Acres
Acres 1.45
Property Sub-Type Condominium
Property Description
Welcome to this top-to-bottom remodeled 2-bedroom, 1-bath corner unit at Kalama Terrace in the heart of Kihei. Sitting on the second floor with garden and sunset views, this 685-square-foot condo is a top-performing vacation rental in South Maui - featuring a near-perfect 4.96-star rating, grossing $100,000 in 2025, and occupancy rates increasing year-over-year. A long-term owner or short-term guest will appreciate the clean, modern vibe and thoughtful details in every room: the professionally designed ocean- and mountain-themed bedrooms, a TV and silent split AC in every room, as well as a fully stocked kitchen like it's your home away from home. The primary bedroom features a motorized lift king bed, the second bedroom another motorized queen bed, and the pull-out sofa in the living room means the unit comfortably sleeps up to six. Adorned with string lights, the private lanai is the perfect spot for morning coffee or a sunset glass of wine. Kalama Terrace is a pet-friendly complex, a rare and valuable feature in the Kihei condo market, making it an exceptional choice for buyers whose guests or tenants travel with their furry friends. The location is unbeatable. Just steps from South Kihei Road, you can walk to Kalama Park, Cove Beach, The Cove surf break, beach volleyball courts, restaurants, bars, grocery stores, and some of the best people-watching sunsets on the island. The three Kamaole beaches are a short walk or quick drive and the Wailea Resort is just minutes away. The unit comes fully furnished and equipped with everything you need, including beach gear, snorkels, chairs, and more, making it great for a truly turnkey short-term rental investment. Community amenities include a pool, BBQ area, cabana, and on-site laundry. One assigned parking space plus guest parking is included. With exceptional rental revenue, several years of short-term rental ability, and an HOA motivated to keep it so, this could be the perfect transition property for a 1031 exchange and also makes a great place to call home. Call your REALTOR® today to schedule a showing!
Location
State HI
County Us
Area Kihei
Building/Complex Name Kalama Terrace
Zoning A-1
Interior
Interior Features Chandelier, Furnished, Inventory, Kitchen Ware, Linens, TV Cable
Fireplace No
Window Features Blinds,Drapes
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator
Exterior
Exterior Feature Barbecue
Pool In Ground
Waterfront Description None
View Y/N Yes
View Garden
Garage No
Building
Water Public
Others
Pets Allowed Yes
Security Features Smoke Detector(s)
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Listed by Coldwell Banker Island Prop-KP • Cell: 808-214-4799
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