Central Homes under $2.5 million

Central Homes under $2.5 million

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Newest Central Homes under $2.5 million

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.

190 Hauoli Rd Unit 408, Wailuku
$899,000
2 Beds ⋅ 2 Baths ⋅ 410914 MLS ⋅ Fee Simple Tenure ⋅ Maalaea Banyans BLDG.
Welcome to Maalaea Banyans #408, a charming top-floor retreat at 190 Hauoli Street—your ideal Maui getaway and a flexible vacation-rental investment opportunity. Enjoy the freedom to escape to paradise whenever you choose, then offer the residence as a sought-after rental while you are away. This inviting 2-bedroom, 2-bath suite showcases panoramic ocean and island views, vaulted ceilings, elegant wood flooring, custom cabinetry, built-in bookshelves, and beautifully crafted tile showers. The full kitchen and in-unit washer/dryer provide everyday convenience, whether you are here for a weekend, an extended stay, or welcoming guests. Start the day with peaceful ocean views and end it with memorable Maui sunsets. During whale season, watch for humpback whales breaching offshore, while sea turtles can often be spotted cruising the waters year-round. The top-floor setting offers an elevated perspective of Maalaea’s stunning coastline and the ever-changing blue Pacific. Ideally located near Maalaea Harbor, Harbor Shops, restaurants, ocean excursions, and nearby beaches, this well-positioned condominium provides easy access to South Maui, Central Maui, and all the island’s amenities. Enjoy the comfort of a personal island home combined with the potential for vacation-rental income in one of Maui’s most scenic coastal settings. This is a highly booked suite, so please schedule your private showing today!

190 Hauoli Rd Unit 408, Wailuku

Listing courtesy of Compass-W.

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