Built: 1981, 53 1 - 3BR Units in 2 4-Story Buildings on 1.6 Acres.
Amenities: Pool, Hot Tub, Cabana, BBQs.
Short-term Vacation Renting: Allowed.
Developer: Inland Marine Builders.
Hale Mahina is a beachfront condominium in Honokowai, the residences within 30 yards of the water.
The one to three bedroom condos’ interiors measure from 690 to 1,783 Sq Ft with one lanai exterior. All of the two bedrooms have a loft that contains one of the bedrooms and a bathroom. On the main level the master bedroom is on the entrance side of the residence and there’s a sunken living/dining area on the ocean side. There are about forty of the one bedroom units, twelve two bedrooms and just one three bedroom.
Please note that this is a Leasehold property, the lease expiring in 2046.
Each unit has one unassigned, uncovered parking stall to use. Throughout the interiors there are built-in ceiling fans for cooling on the hotter days. Washer/Dryer is inside every condo. There is an elevator in both buildings for residents on the upper floors.
Most of the residences have ocean views that range from partial to almost unobstructed, bar a few palm trees.
Amenities & Things To Do The sand of the beach off of your property begins right where the green lawn ends. It’s your choice to sit in a lounge chair on the raised land of your condominium or sink into the soft sands only a little in front of that. It’s the same view from them both. That sand extends into the bed of the ocean near the shoreline, making it a pleasure to wade around in the water. It’s also ideal for swimming or paddle boarding, since you don’t have the worries about hitting rocks as you go.
There’s more coastline to enjoy outside your home, the nearest being less than ½ mile south at Honokowai Beach Park. This beach shares the calmer conditions and sandy bed that you have off your back yard, so you’ll see swimmers here, along with both kids and adults wading around, too. The reef off this shore is closer in, though, so you have a snorkeling spot that’s easy to get out to and enjoy. Float around and watch the tropical fish go by and maybe even a sea turtle or two as well.
Hale Mahina is a leasehold property and the value of leasehold properties tend to decline as the lease expiration nears. Due to this, a graph of Hale Mahina performance is less relevant. Instead, the graph above depicts the fee simple performance of Napili & Kahana 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.
