35 Walaka St, Unit P203

Kihei, HI 96753

$575,000
Price
2
Beds
1
Bath
685 Sq. Ft.
$839 / Sq. Ft.
685
Sq. Ft.
$839
per Sq. Ft.
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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...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!
  1. Listed by Evan Harlow • License #RS-82003 • Coldwell Banker Island Prop-KP
    P: (808)-214-4799 evan-harlow@hotmail.com

Property Details for 35 Walaka Street, Unit P203

Subdivision Name
Kalama Terrace
View
Garden
Waterfront Features
None
Waterfront
No
Zoning Description
Apartment District
LISTING UPDATED: 06/29/2026 02:14 PM

Property Details for 35 Walaka Street, Unit P203

StatusActive
MLS #410104
Days on Market3
Pet PolicyAllowed
Taxes-
HOA Fees-
Condo/Co-op Fees$1,429 / month
Property TypeCondo
MLS TypeResidential / Condominium
Year Built1972
CountyMaui County
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Location

Listing Courtesy of Coldwell Banker Island Prop-KP, Evan Harlow, License #RS-82003
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Building Information for 35 Walaka Street, Unit P203

Building/ComplexKalama TerraceFloor-Stories-Residences-Pet PolicyAllowedPet Policy DetailsPets AllowedYear Built1972

Payment Calculator

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$5,023 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,865

Property Taxes

$729

HOA Dues

$1,429

The Payment Calculator is for illustrative purposes only.

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Property Information for 35 Walaka Street, Unit P203

Summary
Location and General Information
  • Coordinates: -156.447574, 20.726885
  • Latitude: 20.726885
  • Longitude: -156.447574
  • Pets Allowed: Yes
  • View YN: Yes
  • Waterfront Unit: false
  • FIPS Code: 15009
  • Flood Zone: No
  • Multiple Address: 35 Walaka St
Taxes and HOA Information
  • Tax Other Annual Assessment Amount: 0.0
  • Maintenance Fee: 1429.23
Parking
  • Carport: No
  • Garage: No
  • Open Parking: Yes
School Information
  • Elementary School: Kamalii Elementary
  • High School: Maui High
  • Middle School: Lokelani Intermediate
Property Information
Lot Information
  • Building Area Units: Square Feet
  • Building Name: Kalama Terrace
  • Living Area: 685.0
  • Lot Size Units: Acres
  • MLS Area Major: Kihei
  • Structure Type: Low-Rise 1-3 Stories
  • Zoning Code: A-1
  • Complex Name: Kalama Terrace
  • CPR: 0042
Property and Assessments
  • Public Report #: 408.0
  • Home Warranty: No
  • Property Attached: Yes
  • Security Features: Smoke Detector(s)
  • Year Built Effective: 2021
Green Features
  • Green Energy Generation: Solar
Utilities
  • Electric: Overhead Electricity
  • Water: Public
Interior and Exterior Features
Exterior Features
  • Exterior Finish: Stucco, Concrete
  • Exterior Features: Barbecue
  • Pool Features: In Ground
  • Window Features: Blinds, Drapes
  • Passenger Elevator: None
Interior Features
  • Ohana Beds: 3.0
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Bathrooms: 1
  • Fireplace: No
  • Flooring: Vinyl
  • Heating: Room
  • Heating YN: Yes
  • Interior Features: Chandelier, Furnished, Inventory, Kitchen Ware, Linens, TV Cable
  • Laundry Features: Community Laundry
  • Floor Level: 2
Rental
Rental Information
  • Lease Term: Short Term Lease
  • Occupant Type: Tenant

Property History for 35 Walaka Street, Unit P203

DateEvent & SourcePriceAppreciation
Jun 28, 2026

Listed (Active)

MAUIMLS #410104

$575,000—
Jan 28, 2021

Sold

MAUIMLS #389239

$431,000—
Nov 27, 2020

Contract Signed

MAUIMLS #389239

—
DateEvent & SourcePrice
06/28/2026

Listed (Active)

MAUIMLS #410104

$575,000
01/28/2021

Sold

MAUIMLS #389239

$431,000
11/27/2020

Contract Signed

MAUIMLS #389239

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 35 Walaka Street, Unit P203

Taxable ValueLand$78,400Additions$621,600Total$700,000
Tax Record2025$8,750 ($729 / month)
Home Facts
Beds2Baths1Total Finished SqFt685 SqFtAbove Grade Finished SqFt685 SqFtStories1StyleCondominiumYear Built1972ZoningA-2CountyMAUIAPN3-9-016-027-0042

Schools near 35 Walaka Street, Unit P203

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Kamalii Elementary School
Public - PK to 5
Lokelani Intermediate School
Public - 6 to 8
Maui High School
Public - 9 to 12
Kihei Public Charter School
Charter - K to 12
Rating
School
Distance
Kamalii Elementary School
PublicPK to 5

Lokelani Intermediate School
Public6 to 8

Maui High School
Public9 to 12

Kihei Public Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 35 Walaka Street, Unit P203, Kihei, HI 96753

35 Walaka Street, Unit P203 is a condo for sale in Kihei, HI 96753. This property was listed for sale on June 29, 2026 by Coldwell Banker Island Prop-KP, it's currently listed at $575,000. It has been on the market for a total of 3 days and was last sold on January 29, 2021. This listing's school district is Hawaii Department Of Education. Nearby schools include Kamalii Elementary School, Lokelani Intermediate School and Maui High School. 35 Walaka Street, Unit P203 is a 2-bed, 1-bath, 685 sqft condo built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Island Prop-KP, Evan Harlow, License #RS-82003

Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.