Nohonani Condos For Sale
Nohonani Condos for Sale is one of my favorite Vacation Rental complexes in all of Honokowai- namely because there is a beautiful yet quaint golden sand beach right out front of this complex (rare for Honokowai). This beach makes it very easy to get in and out of the water here which is fantastic considering that this is a great placing for: swimming, diving, snorkeling, stand up paddling, kayaking, and surfing during some of the winter swells. Nohonani is a well kept complex that has a very mellow and quiet vibe to it and is in walking distance to the Honokowai Farmer’s Market, Bad Ass Coffee Company, and Honokowai Beach Park. Nohonani condos experience panoramic ocean, year round sunset, exceptional seasonal whale watching, Hawaiian green sea turtle, and unobstructed Lanai and Molokai island views- it is a good as it gets here for a view property in Hawaii.
Current Nohonani Condos Listings:
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More Information About Nohonani
Nohonani Vacation Rentals
Nohonani is a 4 story, 28 unit, concrete Vacation Rental condo complex that is located directly on a small yet beautiful beach. There is a small on site vacation rental office on site where owners and guest can utilize the front desk rental program. Additionally, many owners rent their properties out on their own here or utilize the services of independent rental management companies. The amenities are limited at Nohonani but there is an oceanfront pool and bbq area.
Nohonani is not zoned Hotel but the county of Maui does recognize it as a legal vacation rental building despite it’s apartment zoning. Buyers will find this property on the following list- Maui County Publishes Short Term Vacation Rental List.
The vast majority of the ownership contingent at Nohonani rents their properties when they are not on island. There may be only a few units that are owner occupied or not rented at all.
The seasonal beach and new seawall at Nohonani.
Direct Beachfront and Panoramic Views
The beach does have seasonal aspects to it (smaller in the winter and larger in the summer) and is located more in the middle towards the northern (towards Kapalua) end of the complex. All of the residences in the complex are beachfront and have spectacular views. The covered lanai areas are spacious and perfect for enjoying our ideal outdoor weather.
- On-site office
- Full kitchens and Washer/Dryers if most if not all units.
- BBQ area
- Un-assigned parking (no garage or covered areas)
Nohonani Pool looking towards Molokai Island. The pool also has fantastic views of Lanai and is a great spot to enjoy all the sunshine and sunsets.
Nohonani Condo HOA Fees
As of the fall of 2018, there is currently a special assessment at Nohonani to pay off the 2015 installation of a new seawall which protects the grounds of this oceanfront complex. The current one bedroom fees including the special assessment, condo reserves, and customary HOA fees (does include electric) are about $800 per month. The same costs for the two bedroom units are currently about $1,150 and the three bedrooms about $1,350 per month.
The seawall was completely rebuilt in 2015 and is very thick and in great condition.
All HOA fees are based on interior square footage.
Nohanani Vacation Rental Income
All income will depend on a variety of different factors including but not limited to: owner usage (duration and seasonality), management and marketing, views, and condition of the property. One bedroom units will customarily do in the $45-$65K annual gross income range, two bedrooms $60-$85K, and three bedrooms $100K+. With this, it is important that you request actual rental income figures and realize that these are current and historical rental figures. No projections for future rents should be made or relied upon.
Nohonani Recent Sales
Since Nohonani is a smaller complex, I have included all of the sales data that is in our MLS. Please keep in mind that occasionally there are off market sales that don’t get registered in our MLS albeit this is rare. Markets are dynamic so for an expert opinion on current pricing opinions, please feel free to contact me.