Kealia is a beachfront condominium complex hidden away from the crowds in North Kihei. Every unit offers beautiful ocean views. The property sits directly on Sugar Beach, with crystal clear water and soft sand. Just to the north is the Kealia Wildlife Refuge, offering miles of undeveloped shoreline to enjoy.
It is a leasehold property with expiry in 2036, and features a six-story building with elevators and 51 units, ranging from studios to two-bedrooms. It mainly comprises one-bedroom units ranging between 550 and 556 square feet. All studios are 420 square feet while the few two-bedrooms are 730 square feet. Every unit includes a lanai. Some have been upgraded with air conditioning units as well as ensuite washers and dryers.
Kealia’s grounds are meticulously landscaped, adorned with tropical flowers and palm trees. Set oceanfront is a small grassy lawn with loungers and an enclosed outdoor pool. Nearby is a barbecue area with gas grills and tables.
Units get an assigned parking stall for one car, with some in the covered secure garage.
Kealia Kihei is a leasehold property and the value of leasehold properties tend to decline as the lease expiration nears. Due to this, a graph of Kealia Kihei performance is less relevant. Instead, the graph above depicts the fee simple performance of Kihei condos, offering a more meaningful representation of the surrounding market.
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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.
