190 Hauoli St #220 · Maalaea, HI 96793-9535

$55,000

1 bd · 1.0 ba · 558 sqft · Condo public records · 324 Days on market

Built 1978 $99/sqft · 91% below area ↓ 42% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +5.0/10.0
• Schools +5.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of August each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

Key facts

• Beachfront condo
• Maui maalaea harbor
• Pool

Tags

• BEACHFRONT CONDO
• MAUI MAALAEA HARBOR

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $55k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#111 in HI) — a working-class tenant base; expect higher turnover. Strengths: crime A, employment A; Watch: health & safety C-, amenities F, commute F.
• Zoned schools: Puu Kukui Elementary School (math 39% / reading 56%, grade D, #60 of 183 statewide, top 34%, 696 students, 33% FRL); Maui Waena Intermediate School (math 24% / reading 49%, grade F, #19 of 42 statewide, top 46%, 1,044 students, 45% FRL); Maui High School (math 24% / reading 75%, grade D+, #11 of 43 statewide, top 24%, 1,999 students, 36% FRL).
• Market conditions: 2 comparable units currently listed for rent nearby; 906 units permitted in Maui County in 2024 (289 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($380 loan paydown + $2k appreciation (3.0% local appreciation)).
• Maui County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 324 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago; this cycle's ask has dropped $4k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 26% of rent.

Recommended offer $48,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 324 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 4.77% ✓
• Cap rate: 28.41%
• Cash-on-cash: 78.98%
• DSCR: 4.51
• GRM: 1.7

CMA / ARV

• ARV (median comp): $631,576
• List price: $55,000
• Delta: -91.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 83.7%
• Equity multiple: 5.65×
• Total profit: $71,641
• Equity at exit: $24,730

10-year hold

• IRR: 83.3%
• Equity multiple: 11.73×
• Total profit: $165,197
• Equity at exit: $38,112

Cash invested: $15,400 (down + closing). Projections, not guarantees.

Monthly cashflow live

• Estimated rent: $2,625 medium
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $825/yr
• Insurance: −$23
• HOA est. from 3 same-building comps: −$680
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $1,014

Break-even live

Break-even rent $1,342

Max offer price $55,000

Occupancy floor 56%

Sensitivity live

Price	-10% $1,052	-5% $1,033	+0% $1,014	+5% $995	+10% $976
Rent	-10% $806	-5% $910	+0% $1,014	+5% $1,117	+10% $1,221
Rate	-1.0pp $1,041	-0.5pp $1,028	base $1,014	+0.5pp $999	+1.0pp $985

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150 Hauoli St #314 Wailuku, HI	—	1.0	440	$3,000	$6.82	45d	1	0.07mi
280 Hauoli St Unit A6 Wailuku, HI	1.0	1.0	555	$2,100	$3.78	25d	1	0.18mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 37 events

1. 2026-06-21
   days on market $55,000 Active 324 DOM
2. 2026-06-18
   days on market $55,000 Active 321 DOM
3. 2026-06-17
   days on market $55,000 Active 320 DOM
4. 2026-06-15
   days on market $55,000 Active 318 DOM
5. 2026-06-13
   days on market $55,000 Active 316 DOM
6. 2026-06-13
   days on market $55,000 Active 315 DOM
7. 2026-06-10
   days on market $55,000 Active 313 DOM
8. 2026-06-09
   days on market $55,000 Active 312 DOM
9. 2026-06-08
   days on market $55,000 Active 311 DOM
10. 2026-06-07
    days on market $55,000 Active 310 DOM
11. 2026-06-05
    days on market $55,000 Active 307 DOM
12. 2026-06-03
    days on market $55,000 Active 306 DOM
13. 2026-06-02
    days on market $55,000 Active 305 DOM
14. 2026-06-01
    days on market $55,000 Active 304 DOM
15. 2026-05-31
    days on market $55,000 Active 303 DOM
16. 2025-12-05
    price $55,000 683-char remark

    Show marketing remark (683 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of August each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

17. 2025-08-07
    soldstatus $59,000 Sold 681-char remark

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

18. 2025-08-02
    historical Pending - Continue to Show 681-char remark

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

19. 2025-08-01
    listed $59,000 Active 683-char remark

    Show marketing remark (683 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of August each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

20. 2025-08-01
    historical

    Show marketing remark (683 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of August each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

21. 2025-05-02
    price $115,000

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

22. 2025-05-02
    price $59,000 681-char remark

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

23. 2025-05-02
    historical

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

24. 2025-05-02
    historical

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

25. 2024-09-16
    price $69,000 681-char remark

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

26. 2024-09-16
    price $69,000

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

27. 2024-09-16
    price $69,000

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

28. 2024-09-16
    price $199,000

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

29. 2024-08-12
    listed $209,997 Active
30. 2024-08-08
    listed $69,999 Active 681-char remark

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

31. 2024-08-08
    listed $69,999 Active

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

32. 2024-08-08
    listed $69,999 Active

    Show marketing remark (681 chars)

    This is a unique opportunity that makes owning a vacation home in Hawaii affordable! Own the month of July each year in a beachfront condo on Maui’s Maalaea Harbor. Why buy an entire condo that you will only use for a fraction of the year when you can just own a fraction of a condo instead? This beautiful one bed, one bath until is jointly owned by seven partners each of whom use it for designated months each year. It cannot be used as a rental property - this unit is for the exclusive use of its seven owner/partners and friends. You will only be responsible for utilities, maintenance and HOA fees for August each year! This is a great way to own a piece of paradise.

33. 2022-11-10
    soldstatus $167,500 Sold
34. 2022-10-08
    historical Pending - Continue to Show
35. 2022-08-10
    listed $180,000 Active
36. 1986-08-01
    soldstatus $95,000
37. 1986-08-01
    soldstatus $95,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $31,500
• − Mortgage interest: −$3,081
• − Property taxes: −$825
• − Insurance: −$275
• − Repairs & maintenance: −$2,520
• − Management: −$2,520
• − HOA: −$8,160
• − Depreciation: −$1,600
• Taxable income: $12,519
• Est. tax owed @ 24.0%: −$3,004
• After-tax cash flow: $9,159/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — Maalaea

• Score: 58/100
• State rank: #111
• US rank: #21489

Category grades

Amenities F Commute F Cost of living F Crime A Employment A Housing C+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maalaea, HI

Population outlook (Maui County) Hauer SSP2

• Today (2025): 185,013 people
• By 2030: 194,315 · +5.0%
• By 2040: 210,917 · +14.0%
• By 2050: 226,396 · +22.4%
• By 2075: 270,475 · +46.2%
• By 2100: 316,825 · +71.2%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-42.1% since first listed

22 events — show timeline

• 2025-12-05 Price Changed $55,000 RAM MLS
• 2025-08-07 Sold (MLS) $59,000 RAM MLS
• 2025-08-02 Contingent — RAM MLS
• 2025-08-01 Listing Removed — RAM MLS
• 2025-08-01 Listed $59,000 RAM MLS
• 2025-05-02 Price Changed $115,000 RAM MLS
• 2025-05-02 Price Changed $59,000 RAM MLS
• 2025-05-02 Listing Removed — RAM MLS
• 2025-05-02 Listing Removed — RAM MLS
• 2024-09-16 Price Changed $69,000 RAM MLS
• 2024-09-16 Price Changed $69,000 RAM MLS
• 2024-09-16 Price Changed $69,000 RAM MLS
• 2024-09-16 Price Changed $199,000 RAM MLS
• 2024-08-12 Listed $209,997 RAM MLS
• 2024-08-08 Listed $69,999 RAM MLS
• 2024-08-08 Listed $69,999 RAM MLS
• 2024-08-08 Listed $69,999 RAM MLS
• 2022-11-10 Sold (MLS) $167,500 RAM MLS
• 2022-10-08 Contingent — RAM MLS
• 2022-08-10 Listed $180,000 RAM MLS
• 1986-08-01 Sold (Public Records) $95,000 Public Records
• 1986-08-01 Sold (Public Records) $95,000 Public Records

Property tax history

+15.8%/yr

Latest (2025): $11,598 · +14.4% YoY. Source: county tax records.