Old Wailuku Real Estate

Old Wailuku Real Estate

Welcome to Old Wailuku, a charming gem nestled in the heart of Maui County, Hawaii. This vibrant neighborhood is steeped in rich history, showcasing the unique blend of Hawaiian culture and the spirit of the islands. As you stroll through the streets of Old Wailuku, you'll be captivated by the well-preserved architecture that tells the story of a bygone era, with colorful storefronts and historic buildings that transport you back in time.

Old Wailuku is not just about its picturesque scenery; it is also a thriving community that boasts a variety of local businesses, artisan shops, and delightful eateries. Here, you can savor the flavors of traditional Hawaiian cuisine or enjoy a refreshing acai bowl as you soak in the warm island sun. The neighborhood is home to the famous Iao Valley State Park, where lush greenery and stunning landscapes create a tranquil escape for nature lovers and outdoor enthusiasts alike.

Cultural events and festivals are a regular occurrence in Old Wailuku, providing residents and visitors alike with a chance to experience the rich traditions of Hawaiian music, dance, and art. The community is tight-knit and welcoming, making it an ideal place for families and individuals seeking a sense of belonging.

With its stunning natural beauty, historical significance, and vibrant community spirit, Old Wailuku is more than just a neighborhood; it’s a lifestyle. Whether you’re looking to buy a home, invest in property, or simply explore, Old Wailuku offers an enchanting experience that captures the essence of island living. Come discover the magic of Old Wailuku, where every corner tells a story and every sunset paints the sky with breathtaking hues.

Newest Listings in Old Wailuku

461-465 Palani Pl, Wailuku
$1,285,000
2 Beds ⋅ 1 Baths ⋅ 410923 MLS ⋅ Fee Simple Tenure
Spectacular ocean, Central Maui and Haleakala views from this unique income-producing property on a private flag lot along a quiet cul-de-sac in desirable Old Wailuku Heights. Set on approximately 10,485 SF with R-3 Residential zoning, the property features two separate homes and a private setting with mature fruit trees. 461 Palani is a 500 SF 2BR/1BA cottage built in 1982 and extensively remodeled in 2018 with an updated kitchen, granite countertops, stainless appliances, flooring, windows and bath. Features include a spacious 256 SF wraparound deck, 12 owned PV panels, storage, yard, separate laundry and tuck-under parking. 465 Palani is an 871 SF main home built in 2022 and currently configured as two furnished 1BR/1BA rental units, each with excellent views, solar hot water panels, privacy and parking. The home was designed with potential for future second-story expansion. Buyer to verify feasibility and permitting. See Documents. Gross rental income is approximately $7,700/month or $92,400/year, with estimated NOI of approximately $60,000 and a projected 4.7% cap rate at $1,285,000. One vacant unit now. Offered turnkey furnished. Income and expense figures are provided by Seller, are not independently verified and are subject to change. Conveniently located near UH Maui College, MACC, Maui Memorial Medical Center, downtown Wailuku, shopping, parks and other Central Maui amenities. Property is tenant occupied, do not disturb tenants. Be respectful of our neighbors in front and on street by not blocking driveways. Please allow adequate notice for showings. Some County Records and property details are inconsistent. Do your due diligence. Contact your preferred agent. Property is offered turnkey furnished.

461-465 Palani Pl, Wailuku

Listing courtesy of Compass-W.

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