$575,000
 $3,087 est/mo Sourced by Back At You

35 Walaka St,Kihei, HI 96753

Kihei, HI 96753

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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!

Details

MLS #410104
Listing TypeFor Sale
StyleCondominium
Building NameKalama Terrace
Sub-TypeResale
StatusActive
Year1972
Days On Site52
Listing Provided ByColdwell Banker Island Prop-KP | Evan Harlow
Buyer Agent Compensation2.50
TypeCondominium

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet685
PoolYes
ZoningA-1
Acreage1.45
Property ViewYes

Interior

Interior FeaturesChandelier, Furnished, Inventory, Kitchen Ware, Linens, TV Cable
AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator
Fireplace Yes / NoNo
Window FeaturesBlinds, Drapes

Exterior

Exterior FeaturesBarbecue
Security FeaturesSmoke Detector(s)

Parking

Garage Yes / NoNo

Utilities

ElectricOverhead Electricity

Area Information

StateHI
CityKihei
Zip Code96753
AreaMaui
SubareaKihei
Community NameKalama Terrace
School DistrictMaui High
Elementary SchoolKamalii Elementary
High SchoolMaui High
Listing VS Median (in Kalama Terrace)
Price:
$575,000
low | high
Med:
$345,000
90% of Average
sqft:
685
low | high
Med:
685
50% of Average
$ / sqft:
$839
low | high
Med:
$504
90% of Average
On site:
52
low | high
Med:
189
27.513227513228% of Average
Sourced by Back At You

Market Activity 96753

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Additional Information

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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. The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction. Copyright, 2026, REALTORS® Association of Maui, Inc. All Rights Reserved.

Contact

Learn More About This Property

Mateo Manzari

Mateo Manzari

Coldwell Banker Island Properties

RB-24388MBA (808) 280-6880[email protected]
StateHI
CityKihei
Zip Code96753
AreaMaui
SubareaKihei
Community NameKalama Terrace
School DistrictMaui High
Elementary SchoolKamalii Elementary
High SchoolMaui High
Listing VS Median (in Kalama Terrace)
Price:
$575,000
low | high
Med:
$345,000
90% of Average
sqft:
685
low | high
Med:
685
50% of Average
$ / sqft:
$839
low | high
Med:
$504
90% of Average
On site:
52
low | high
Med:
189
27.513227513228% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $431K - $718K
sqft: 514 - 856
Nearby Listings Property ImageNearby Listings Details
2191 S Kihei Rd Property Photo 1
$525,000
2191 S Kihei Rd
Kihei, HI 96753
35 Walaka St Property Photo 1
$345,000
35 Walaka St
Kihei, HI 96753
35 Walaka St Property Photo 1
$449,900
35 Walaka St
Kihei, HI 96753
35 Walaka St Property Photo 1
$340,000
35 Walaka St
Kihei, HI 96753
35 Walaka St Property Photo 1
$299,500
35 Walaka St
Kihei, HI 96753
Listing Updated: July 10, 2026 at 9:56:39 AM PDT
Mateo Manzari
MBA
License #: RB-24388
(808) 280-6880
Kukui Mall - 1819 South Kihei Rd Suite D111.
Kihei, Hi 96753

Mateo Manzari - Coldwell Banker Island Properties