Remodeled Studio Condo Direct Beachfront The Mahana at Kaanapaali

By
Real Estate Agent with Maui Resort Realty RB#21286

The Mahana at Ka'anapali #1102 an eleventh floor direct beachfront studio/one bath that has been extensively remodeled just came on the market today at $625,000- this one will sell quick! Back in 2013, I sold the penthouse studio one floor above this one. Link to Mahana 1202 video blog. 

The Mahana is an incredible location unlike just about any other high-rise building in all of West Maui, you simply can't get any closer to the water. All of the units in the resort are direct oceanfront, have incredible views, and you are so close that you feel like you are going to fall in with the large glass windows that they all have. 

Mahana at Kaanapali #1102

Studio/1 ba.    456 Sq.Ft. Living Area   84 Sq.Ft. Covered Lanai     $625K

Aerial view of  Honua Kai, The Mahana, and Ka'anapali Beach Club

The Mahana is just north of Honua Kai (teal roof buildings) and consists of the tan colored buildings with the white roofs that are directly on the water. Compare how close to the water the Mahana is to Honua Kai which has a much larger setback. 

Sitting on the second from the top floor, this unit has a very dramatic penthouse feeling to it – but rather than looking out at other buildings and city lights, you experience an obstructed 180 degree panoramic of the vast Pacific Ocean, humpback whales breaching, sounds of the gentle waves lapping the white sandy beach below, the romantic silhouettes of Lana’i and Moloka’i in the distance, the taste of sweet cool and pure air coming off the ocean, the scent of teriyaki chicken cooking on the grills below, and sunsets that make you want to grow roots and anchor yourself at the Mahana forever.

Full HD Video of Mahana #1202 and The Mahana at Ka’anapali Life

Please enjoy the video here of Mahana 1202, the property I sold in 2013 and is very similar to the one below it Mahana #1102. 

What Makes The Mahana So Special and Unique?

The Mahana, meaning “Twins” in Hawaiian, was constructed in 1975 and has truly developed it into a special place that is defined as much by the incredible warmth of the sense of Ohana and Aloha amongst the owner community as its stunning natural beauty.

The Mahana has a very private and serene feeling, and the owner demographic is mature and enjoys the serenity and relative privacy of the location rather than say the neighboring Honua Kai, Papakea, and Ka’anapali Shores resorts, which are more oriented towards younger individuals and those with young children.

The Mahana is so close to the water that it sometimes feel like you are going to fall in. With current zoning regulations increasing shoreline setbacks on building – The Mahana is simply irreplaceable. We are not making any more beachfront property here on Maui and this is as good as it gets.

The Mahana

With the Moloka’i Tower (background) and the Lana’i Tower (foreground) you can see why this timeless classic is called The Mahana or “Twins” in Hawaiian

Mahana #1102 Complete Remodel 

The sellers of Mahana #1102 have completely overhauled the unit they purchased including removing walls and the popcorn ceiling. The unit was completed mirrored, new carpet and tile flooring installed, granite counters and bathroom vanities, travertine in the shower, new kitchen cabinetry, custom lighting, and new appliances.

You really have to ask yourself: Do I want to spend an additional $100,000 cash remodeling a unit and dealing with contractors, or would I rather watch the humpbacks and play shuffleboard along the ocean side with my grandkids?

Dukes

Enjoy the beach walk between The Mahana in background and Dukes Beach House restaurant in the foreground. This beach walk continues for miles in the southern direction past black rock and towards South Ka’anapali beach making it a very popular route for morning and evening walkers and runners.

Convenient Location w/Immaculate Grounds

Chris Curtis’s landscaping company has done an amazing job bringing up and maintaining the grounds to the highest level. The parking lot for the Mahana feels much more like a park than anything else under the shade of large trees with tropical flowers and shrubs abound.

Directly across the street from the Mahana is Times Supermarket, which is a full service grocery store, as well as some nice local restaurants my favorite of which is Pizza Pardiso, a Mediterranean grill that has a Chicken Parmesan sandwich that is simply amazing.

A short walk down the beach walk in the southern direction of Mahana at the Honua Kai Resort is Dukes Beach House which prides itself of excellent food using fresh local ingredients and service with Aloha. There are several different beach parks, restaurants, and boutique shops in the Honokowai area that are all within short walking distance of the Mahana.

Very Strong Monthly Rental Income

Mahana #1102 is currently in the A rated top classification for studio units through the front desk program. 

We are currently onboarding another studio unit into our top performing Maui Reality powered by Maui Resort Realty vacation rental portfolio. We have done extensive market studies on what the upper echelon of attainable gross rental income figures are at the Mahana. Please reach out for a specific analysis on this property as I know you will be pleased in what we have found. 

The Mahana is a very popular destination for new and many repeat visitors which keeps the average occupancy rate over 80% during the course of the year. There is really nothing like it in the West Maui marketplace. 

Mahan View

It’s views like these taken from the lanai of unit #1102 that are going to keep owners and guests returning to the Mahana for as long as they can. You can very commonly see turtles munching on algae on the reef below, year round sunsets, and amazing whale watching. 

Financially Sound Condominium Complex in Solid Physical Condition

The board at the Mahana prides itself on responsibly operating and running the complex. There are healthy financial reserves, the building is in excellent condition and very attractive physical condition, and the grounds are well groomed and beautiful. There is constant vigilance exercised keeping the building secure and no pending assessments in the current or foreseeable future.

The Mahana’s physical building and the upgrades to unit #1102 have already been paid for, it has gone through all of the extensive renovations with great expense to the owners for everything from the lobby and pool area to structurally reinforcement of the buildings.  The Mahana is in the sweet spot now.

Enjoy the sweet spot of the Mahana and call Mahana #1102 Home Today 

I have represented numerous buyers and sellers at the Mahana throughout the years I am passionate about its unique value propositions. I know the rental market very well and would love to share what we are currently in the process of doing to optimize our owner client's Mahana investments. 

 

Aloha from Maui,

 

Jeremy Stice REALTOR (Broker #21286) Maui, Hawaii

Top 100 Realtor recipient in State of Hawaii 2014 & Top 50 in '15 

(808)281.2178 Direct

JStice@MauiResortRealty.com

10 Halawai Dr. Suite #A-3 Lahaina 96761

Maui Resort Realty lives in Lahaina, Maui Hawaii

 

Subscribe to my blog feed here: Subscribe to Maui Resort Realty » Jeremy Stice, R(B) by Email.

Enter your email address here:

Delivered by FeedBurner

 

 

Comments (3)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Jeremy, great  opportuity for buyers interested in Condos.

Apr 28, 2016 04:09 AM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coastal Living

A well maintained condo unit with incredible views and well priced should most definitely attract a buyer quickly. All the best selling this one!

Apr 28, 2016 08:51 PM
Jeremy Stice
Maui Resort Realty - Lahaina, HI
3rd Generation born and raised Maui REALTOR

Aloha Ronald and Joyce,

Mahalo for your positive input on this one, I appreciate it and you are spot on with your commentary. Aloha and take care. 

May 03, 2016 02:06 PM