Kalama Terrace is a well-maintained condominium complex located in the heart of Kihei. Many units at the charming property boast stunning ocean views. Residents and guests at Kalama Terrace get their choice of Maui’s beautiful beaches as it’s within minutes of Cove Beach, Charley Young Beach and Kamaole Beach Park I. Stores and restaurants are also in close proximity.
The 61 one- and two-bedroom units are divided into two three-story concrete buildings with elevators, named Building L and P. The complex also has solar panels to lower utility costs. Units range between 514 and 685 square feet, each with a lanai. Some feature air conditioning, a mix of window units and split systems. There is a community laundry room on-site and just a small number of units have in-unit washer and dryer.
The grounds are beautifully maintained, with green lawns complemented by palm trees and vibrant tropical flowers. In the center, the gated pool terrace offers a pool and barbecue pavilion with two gas grills and seating.
Units get one assigned parking stall, some of which are covered.
Over the past 3 years, an average of 2.7 fee simple condos sold per year in Kalama Terrace. With so few sales, this graph may not fully reflect market trends.
The Kalama Terrace graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.