- Region South Maui
- Vacation Rentable Yes
Introduction to Maui Banyan
Sitting directly across from Kamaole Beach Park II, Maui Banyan couldn't have more of a convenient and pristine access to the beach. The complex sits across the street from the beach and not actually on it, which in fact is actually a benefit because the complex isn't directly hit with salty sea breezes that over time damage the exteriors of buildings and could force condo associations into leveling special assessments. A variety of activities await as you can watch the play of clouds around Haleakala mountain, take a snorkel trip to Molokini, or test your skills at some of South Maui's world class golf courses just down the road in Wailea or Makena.
Maui Banyan condo sales in 2016
- Number of units sold: 13 (up from 10 sales in 2015)
- Average sales price: $542,923 (up from $479,705 in 2015)
- Average sales price per square foot: $604.01 (up from $601.81 in 2015)
Maui Banyan condo sales in 2015
- Number of units sold: 10 (on par with 10 sales in 2014)
- Average sales price: $479,705 (down from $489,300 in 2014)
- Average sales price per square foot: $601.81 (down from $648.37 in 2014)
Maui Banyan maintenance fees
The monthly maintenance fees (called Strata fees by Canadians) for Maui Banyan condos vary depending on the size of the unit. Although there are distinctly four different floor plan options, they range in size across each floor plan so its hard to accurately set ranges for each floor plan.
Approximate Maintenance Fees:
1BR/2BA units - $450 to $645 per month
2BR/2BA units - $645 to $700 per month
3BR/3BA units - $730 per month
Can I vacation rent a Maui Banyan condo?
Maui Banyan condominiums can be rented on a short term basis (officially called a "transient vacation rental" by Maui County). The condo has an on-site manager office to help facilitate running the complex and assure the complex is in tip top shape. The complex has a little over 10% owner occupancy rate, so we could say the complex is mostly designed to cater to visiting guests.
How many units are there at Maui Banyan?
Set on on 8 lush acres of tropical like grounds are the 256 condo units making up the entire complex. They are dispersed evenly throughout eight separate buildings, the A, B, and F building sit directly across from South Kihei Road with many of these units enjoying remarkable ocean views, particularly during the late afternoon around sunset time.
How large are Maui Banyan units?
Many of the units have gone through upgrades over time as owners have gone on to build equity in their units. The smallest units available are 1 bed, two bath units with just about 650 square feet. Now once we start looking at the 2 bed, 2 bath floor plans, there are two different living area sizes: 890 and 930 square feet. Finally the 3 bed, 3 bath units boast sizes of about 1200 square feet.
Maui Banyan vacation rentals
There are about 100 units available for rent on VRBO sites and prices vary depending on location in the resort, floor level and quality of the unit.
Rental rates for Maui Banyan:
Studio/1BA units - starting from $100/night up to $150/night
1BR/2BA units - starting from $130/night up to $170/night
2BR/2BA units - starting from $175/night up to $285/night
3BR/3BA units - starting from $285/night up to $320/night
New condos listed in Maui Banyan and recently updated listings are below, you can also see all Maui Banyan condos for sale.
Land Tenure: Fee Simple
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 theron. Featured properties may or may not be listed by the office/agent presenting this brochure.
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