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35 Walaka St , P203

Kihei, HI 96753
  • $575,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 410104
UPDATED: 52 min ago
$575,000
  • 2
    BEDS
  • 1.45
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 685
    SQFT
  • $839
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1972
Area:
Land Tenure:
Fee Simple

School Ratings & Info

Listing provided courtesy of Coldwell Banker Island Prop-KP: Cell: 808-214-4799.





Description

Welcome to this top-to-bottom remodeled 2-bedroom, 1-bath corner unit at Kalama Terrace in the heart of Kihei. Sitting on the second floor with garden and sunset views, this 685-square-foot condo is a top-performing vacation rental in South Maui - featuring a near-perfect 4.96-star rating, grossing $100,000 in 2025, and occupancy rates increasing year-over-year. A long-term owner or short-term guest will appreciate the clean, modern vibe and thoughtful details in every room: the professionally designed ocean- and mountain-themed bedrooms, a TV and silent split AC in every room, as well as a fully stocked kitchen like it's your home away from home. The primary bedroom features a motorized lift king bed, the second bedroom another motorized queen bed, and the pull-out sofa in the living room means the unit comfortably sleeps up to six. Adorned with string lights, the private lanai is the perfect spot for morning coffee or a sunset glass of wine. Kalama Terrace is a pet-friendly complex, a rare and valuable feature in the Kihei condo market, making it an exceptional choice for buyers whose guests or tenants travel with their furry friends. The location is unbeatable. Just steps from South Kihei Road, you can walk to Kalama Park, Cove Beach, The Cove surf break, beach volleyball courts, restaurants, bars, grocery stores, and some of the best people-watching sunsets on the island. The three Kamaole beaches are a short walk or quick drive and the Wailea Resort is just minutes away. The unit comes fully furnished and equipped with everything you need, including beach gear, snorkels, chairs, and more, making it great for a truly turnkey short-term rental investment. Community amenities include a pool, BBQ area, cabana, and on-site laundry. One assigned parking space plus guest parking is included. With exceptional rental revenue, several years of short-term rental ability, and an HOA motivated to keep it so, this could be the perfect transition property for a 1031 exchange and also makes a great place to call home. Call your REALTOR® today to schedule a showing!

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This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2026, REALTORS® Association of Maui, Inc. All Rights Reserved. Data last updated: 2026-07-13T11:06:09.71.
www.lifeinhawaiirealestate.com/homes/178277283
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35 Walaka St , P203 Kihei, HI 96753

  • Price: $575,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 52 min ago
  • MLS #: 410104
2
Beds
1
Baths
0
½ Baths
1.45
Acres
685
SQFT
$839
$/SQFT
1972
Built
Neighborhood:
Kalama Terrace
Area:
Kihei
Property Description
Welcome to this top-to-bottom remodeled 2-bedroom, 1-bath corner unit at Kalama Terrace in the heart of Kihei. Sitting on the second floor with garden and sunset views, this 685-square-foot condo is a top-performing vacation rental in South Maui - featuring a near-perfect 4.96-star rating, grossing $100,000 in 2025, and occupancy rates increasing year-over-year. A long-term owner or short-term guest will appreciate the clean, modern vibe and thoughtful details in every room: the professionally designed ocean- and mountain-themed bedrooms, a TV and silent split AC in every room, as well as a fully stocked kitchen like it's your home away from home. The primary bedroom features a motorized lift king bed, the second bedroom another motorized queen bed, and the pull-out sofa in the living room means the unit comfortably sleeps up to six. Adorned with string lights, the private lanai is the perfect spot for morning coffee or a sunset glass of wine. Kalama Terrace is a pet-friendly complex, a rare and valuable feature in the Kihei condo market, making it an exceptional choice for buyers whose guests or tenants travel with their furry friends. The location is unbeatable. Just steps from South Kihei Road, you can walk to Kalama Park, Cove Beach, The Cove surf break, beach volleyball courts, restaurants, bars, grocery stores, and some of the best people-watching sunsets on the island. The three Kamaole beaches are a short walk or quick drive and the Wailea Resort is just minutes away. The unit comes fully furnished and equipped with everything you need, including beach gear, snorkels, chairs, and more, making it great for a truly turnkey short-term rental investment. Community amenities include a pool, BBQ area, cabana, and on-site laundry. One assigned parking space plus guest parking is included. With exceptional rental revenue, several years of short-term rental ability, and an HOA motivated to keep it so, this could be the perfect transition property for a 1031 exchange and also makes a great place to call home. Call your REALTOR® today to schedule a showing!
Exterior Features

Carport YN No Exterior Features Barbecue Garage YN No Pool Yes Pool Features In Ground View Garden View YN Yes Waterfront Features None Waterfront YN No Window Features BlindsDrapes

Interior Features

Appliances DishwasherDisposalMicrowaveRangeRefrigerator Fireplace YN No Interior Features ChandelierFurnishedInventoryKitchen WareLinensTV Cable

Property Features

Association Fee Frequency Monthly Electric Overhead Electricity Green Energy Generation Solar Home Warranty YN No Land Tenure Fee Simple Lease Term Short Term Lease Maintenance Fees 1429.23 Pets Allowed Yes Possession Subject to Rental LeaseImmediate Potential Short Sale No Property Attached YN Yes Property Sub Type Condominium Security Features Smoke Detector(s) Structure Type Low-Rise 1-3 Stories Unit Level 2 Water Source Public Zone 3 Zoning A-1 Zoning Description Apartment District

Listing provided courtesy of Coldwell Banker Island Prop-KP: Cell: 808-214-4799.
Listing information © 2026 REALTORS® Association of Maui, Inc.
This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2026, REALTORS® Association of Maui, Inc. All Rights Reserved. Data last updated: 2026-07-13T11:06:09.71.
 
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EXP Realty
145 N Kihei Suite 5
Kihei HI, 96753
Listing provided courtesy of Coldwell Banker Island Prop-KP: Cell: 808-214-4799.