Maui Real Estate Best Deals: A Deep Dive into a 20% Off Oceanfront Condo

Maui Real Estate Best Deals are surfacing right now, and if you are actively looking for value on the island this is the moment to pay attention. I want to show you a concrete example that illustrates what I mean: an oceanfront, hotel-zoned condo listed at $1.695 million that is nearly 20 percent below a very recent, nearly identical comparable sale. In this post I will walk you through location, zoning, unit specifics, the comparable sales that prove the discount, projected rental income, and how I compiled a broader list of Maui Real Estate Best Deals for serious buyers.

Where the value starts: Location and zoning matter for Maui Real Estate Best Deals

The property I am highlighting sits directly on the same stretch of sand that many Wailea luxury resorts call home, but technically it is in Kihei. That location creates a powerful pricing mismatch: you get a Wailea-adjacent address while paying Kihei pricing. That alone is a major reason why this falls into the Maui Real Estate Best Deals bucket.

A second advantage is zoning. This development is hotel slash resort zoned, which protects its ability to operate as short-term rentals. Given the ongoing legislation discussions around short-term rentals in apartment-zoned properties, that zoning protection adds meaningful value. If you are hunting Maui Real Estate Best Deals and your plan is to generate vacation rental income, hotel zoning reduces regulatory risk.

The building is eight stories tall with 98 total units. All are identical two bedroom, two bath floor plans, each with 767 square feet of interior living space. The uniform floor plans make it easy to compare sales and identify outliers — an important factor when compiling Maui Real Estate Best Deals.

Mana Kai Unit 209

This particular listing is unit 209. As you step in, you notice ocean and beach views that are typical for units at this development. The kitchen and living areas have been remodeled and the unit shows tile floors throughout. In a market where many comparables are dated on the interior, a nicely updated unit that is priced below recent sales is especially attractive.

Listed at $1,695,000, unit 209 is being marketed as a hot buy. The unit condition, ocean views, and resort zoning combine to create a property that is both turnkey and positioned to generate rental income. Those are three critical checkboxes I use when compiling Maui Real Estate Best Deals.

Interior specifics that matter

• Floor plan: 2 bed, 2 bath
• Interior size: 767 square feet
• Condition: remodeled kitchen and tile throughout
• Views: ocean and beach views from the second floor
• Building: 98 units, 8 stories

Comparable sales and the math behind this Maui Real Estate Best Deals example

Comparables are the backbone of identifying Maui Real Estate Best Deals. Because every unit in this building is the same layout and size, comparison is straightforward. I pulled every sale in this development dating back to 2022 and laid them out in a spreadsheet to make the differences obvious.

The most recent comparable to unit 209 is unit 202, another second-floor ocean view two-bedroom that closed escrow in July of 2024 for $2,100,000. When you compare the listing price of $1,695,000 to the $2.1 million sale, unit 209 is listed at approximately 19.28 percent less than that recent comparable sale.

Here is the simple math for clarity: take the comparable sale of $2,100,000, subtract the listing price of $1,695,000, divide the difference by the comparable sale, and you get the percentage discount. That discount is nearly 20 percent on an oceanfront, hotel-zoned, remodeled unit — a clear reason to include it among Maui Real Estate Best Deals.

Projected rental income and why hotel zoning matters for investors

I reviewed multiple pro forma rental projections from several local property managers for this unit. The expected gross rental income averages around $175,000 per year. That figure assumes active marketing as a short-term vacation rental, which this unit can continue to do because of its hotel zoning.

If you are evaluating Maui Real Estate Best Deals with an investment lens, pay close attention to:

• Zoning and long-term regulatory risk
• Gross rental estimates and seasonality factors
• Occupancy assumptions in pro formas
• HOA dues, management fees, and maintenance reserves

Hotel zoning significantly reduces the chance that short-term rental rights are phased out due to legislation like the proposals targeting apartment-zoned properties. For investors looking for Maui Real Estate Best Deals that can produce predictable vacation rental income, that zoning is a major plus.

Is this the absolute best deal on the Maui Real Estate Best Deals list?

It depends on your goals. If you want turnkey rental income, oceanfront views, and zoning that supports short-term rentals, unit 209 is a compelling option. If you are purely seeking the largest percentage discount from comps, there are other properties on the island listed at even larger discounts. I have tracked almost 50 properties on Maui that are listed for more than 20 percent below verified comparable sales. Several of those are over 30 percent below recent sales, and a few approach 40 percent below.

When deciding if a property is among the Maui Real Estate Best Deals for you, ask these questions:

1. What is the zoning and how does it affect rental use and regulatory risk?
2. Are the comps truly comparable in floor plan, views, and condition?
3. What are the expected gross and net rental incomes after fees?
4. How will maintenance, HOA dues, and potential assessments affect cashflow?
5. Does the property require immediate capital expenditures, or is it turnkey?

How I compiled the Maui Real Estate Best Deals list

Because identifying Maui Real Estate Best Deals requires careful verification, I organized findings into two spreadsheets: one with hotel-zoned condos and another with non-hotel-zoned condos. The separation helps filter prospects for buyers who need short-term rental capability versus those who do not.

I cross-checked each listing against verified comparable sales, ensuring the comparison used units with the same bedroom/bath configuration, square footage, and similar views where possible. I also examined sale dates to control for market shifts. That diligence revealed nearly 50 properties that meet the threshold of being priced 20 percent or more below recent verified comps.

Several of the entries on that list would interest investors focused on short-term rentals, while others may suit buyers who prioritize raw discount percentage over immediate rental upside. If you are actively working with me or one of my associates, I share the full spreadsheets and we review the entries together to narrow the best match for your objectives.

What to do next if you want access to the Maui Real Estate Best Deals list

If you are serious about finding value on Maui, the most productive next step is a short consultation to clarify your goals. Tell me whether you want hotel-zoned properties, whether you plan to owner-occupy or rent, what price range you prefer, and any other priorities like floor level or specific subareas of Maui. From there I can share tailored picks from the Maui Real Estate Best Deals spreadsheets and set up showings for the most promising properties.

Remember, finding one of the Maui Real Estate Best Deals is rarely a passive experience. The good listings move quickly when the numbers are clear and the risk profile is well understood.

Final thoughts: why this type of opportunity is worth your attention

Opportunity in real estate often comes down to timing and information. Right now the market has inventory priced below recent comparable transactions in several pockets across Maui. The example of unit 209 shows how location, zoning, and a cleaner interior can combine to create a near-term opportunity that is significantly below what the market paid a year ago for a nearly identical unit.

If your metrics prioritize vacation rental income, regulatory certainty, and turnkey condition, an oceanfront, hotel-zoned two-bedroom like this is exactly the kind of name that shows up on a Maui Real Estate Best Deals list. If you want the full spreadsheet of nearly 50 discounted properties, reach out and we can schedule a quick consultation so I can share only the most relevant entries that match your criteria.

Mahalo for taking the time to read.  Aloha and I look forward to helping you discover more of the Maui Real Estate Best Deals that make sense for your goals.