Aina Nalu Condos For Sale
Located on a well thought out and lushly landscaped 9 acres, Aina Nalu is located in the heart of Lahaina town, just one block mauka side of the famed Front St. Aina Nalu has stunning mountain views of Mauna Kahalawai and the “L” which marks her slopes in honor of our local Lahainaluna High School.
Residents and guests flock to Aina Nalu for its relatively affordable ownership and transient accommodations in a very well kept complex that is surrounded with a variety of lush landscaping, two lounge pools (both saline, yes!), and its location within walking distance for all that Lahaina has to offer. The larger pool area property (larger pool closer to the highway) has a sweet hot tub that is surrounded by private cabanas and two barbecue areas.
The weather in Lahaina along with Kihei in South Maui is the most consistently warm and sunny weather you will find in all of Maui. Lahaina is dry and temperatures can get pretty hot in the summertime especially if the tradewinds are not blowing so it’s nice that all of the units at Aina Nalu do have A/C.
Aina Nalu real estate investors are attracted to the project for its entry-level vacation rental price point, lower HOA fees, and that all of the units whether they are: studio, one bedroom, or two bedroom residences rent extremely well throughout the course of the year with seasonal fluctuations in pricing just like any other condo in Maui. Savvy investors will also note that there are very few studios and one bedrooms in this complex relative to the two bedrooms which do make them the strongest for cash on cash returns.
Aina Nalu is one of only a handful of vacation rental condo complexes in Lahaina town which make it especially appealing from a supply and demand standpoint. I believe that Aina Nalu is the only non-oceanfront such complex in town which makes it especially attractive.
Aina Nalu has installed solar PV on all of its rooftops which have really helped its ownership community keep utility costs in check while also utilizing Hawaii’s largest energy asset, our mighty Sun. Recycling is also strongly encouraged at the complex with several areas to so so throughout the complex.
Upstairs units feature vaulted ceilings which enhance the views and natural light. Only the upstairs 2bd./2ba residences feature outdoor lanai areas.
I just recently represented a buyer on the purchase of a one bedroom/ one bath residence at Aina Nalu and we are now offering it for short-term vacation rentals through our portfolio. Aina Nalu C-205 link here.
Growing up on Maui, I remember staying at Aina Nalu back in the day when we made the long trek from Haiku and wanted to stay on the west side to enjoy all that the west side has to offer. You are within close walking distance to excellent restaurants, bars, shopping, the myriad of aquatic activities that launch from Lahaina Harbor, and some great surf spots in Lahaina town.
Aina Nalu does back up to the Honoapiilani Hwy and despite the large concrete/rock wall that sits between the complex and the highway, there can be some noise transfer here. Thus, those units that are closer to the interior of the complex between the highway and Wainee St. usually command a bit of a premium in acquisition as well as rental prices.
The condos of the Aina Nalu are low rise two-story wood frame buildings that are surrounded by serene gardens and immaculate grounds, my favorite touch is the abundance of the bright pink wax tail (lipstick palm trees. The units are boutique-style vacation condos that feature open-beamed ceilings, an Asian-inspired décor, and full kitchens.
Aina Nalu Location: 660 Waine'e St, Lahaina, HI 96761, USA
Current Aina Nalu Condos Listings:
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More Information About Aina Nalu
Aina Nalu® is an entirely fee simple whole ownership vacation rental condominium property. The front desk rental management company Outrigger Hotels & Resorts but there are many independent vacation rental companies including our own, Hawaii Life Vacation Rentals, that offer properties for rent here. All owners have the option to rent with whatever management company that they chose to if they are interested in doing so. There are also a number of individual owners who use to manage their own vacation rental properties in this complex.
The condos and grounds themselves went through a major overhaul in 2005 and were offered for sale by a developer. I believe that Aina Nalu was a boutique one entity owned hotel previously.
Developer sales were launched in 2005 with peak prices approaching $600k+ in 2006. As the market shifted, there were many distressed sales (short sales, foreclosures, bank owned REO sales) at Aina Nalu. Current market prices have come up about 100% since the bottom of the market in 2010-2012.
Aina Nalu real estate offering include studios, one bedroom, and two bedroom condos that range in size from 252 sq. ft. to 876 sq. ft. Each condo is designed with contemporary Hawaiian plantation styles in mind. The studio condos contain microwaves and under-counter refrigerators. The one and two bedroom units have full kitchens with all the expected necessities. The units are well-appointed and invite you to personalize them even further with your own unique style.
The 190 condo units range in size:
- 8, Studio, 252 sq. ft.
- 29, 1 bedroom, 1 bath, 515-535 sq. ft.
- 12, 2 bedroom, 1 bath, 772 sq. ft.
- 141, 2 bedroom, 2 bath, 832-876 sq. ft.
The property is well-landscaped and ornamented with lush Zen garden features. Other amenities include an on-site activities desk, a lounge, and free Wi-Fi in public spaces.
Lahaina Town Location & Amenities
Lahaina was once the capital of the Hawaiian Kingdom and was a busy whaling port in the 19th century. Nowadays, Lahaina is a colorful center of tourism and commerce with elegant shopping and dining. Aina Nalu is just a short walk from the bustling front street and Lahaina’s historic harbor. From the harbor, many different boating and activities excursions depart. Front street houses many different vendors providing plentiful shopping opportunities. And for a night out, Lahaina also has a myriad of different dining options to choose from. One of the many perks of living in Lahaina town are the many free events which include Lahaina’s town party and many different musical events. Just two blocks away, you will find yourself at a sandy beach in the middle of town. A renowned beginner surf break (most of the time but occasional large southern swells will change this very quickly) called ‘Breakwall’ is also very close if you are looking to sharpen your surfing abilities.
Real Estate Property Investment
Owning at one of only a few condo communities in historic Lahaina town has many perks including the unbeatable location.
With flexible ownership options, Aina Nalu has a mix of full-time residents, second homeowners, and vacation rentals. Aina Nalu is a reputable and licensed vacation rental property which provides owners with consistent income, if they choose, making this investment even sweeter. Contact us today to get more information on purchasing a vacation rental condo at Aina Nalu.