If you enjoy a benefit with amazing food, then you might as well attend the one for the Maui Culinary Academy that is coming up on October 17th. Many benefits provide amazing cuisine, but this one will take it a step further, since the funds raised will go to Maui's brilliant young chefs of tomorrow. If you'd like to support this new wave of local talent, get your tickets and prepare your taste buds for an adventure through the flavors of Latin America.
The 19th Annual Noble Chef benefit is the premiere event for supporting culinary education on Maui. Considering that many of its students will go on to fill Maui's restaurants, you might even look at it as an investment. As Maui real estate specialists, we can say with confidence that good food matters a great deal to existing and prospective residents. So does supporting the dreams of our new generations.
The benefit theme is "The World on a Plate – Latin America," presented with the help of Maui No Ka 'Oi Magazine and the Fairmont Kea Lani Maui, where the event will be hosted. Seeing as you can get Hawaiian food any time here, a change in flavors sounds exciting. Restaurants that serve Latin American food often opt for the safest and most predictable recipes. With a host of creative chefs whipping up unique creations, it's safe to expect something completely different.
Speaking of those chefs, here is this year's lineup:
• Craig Dryhurst, Four Seasons Resort Maui at Wailea
• Mark Ellman, Frida’s Beach House
• Lyndon Honda, Laulima Catering & Events
• Matteo Mistura, Matteo’s Osteria
• Travis Morrin, Three’s Bar & Grill
• Paris Nabavi, Sangrita Grill + Cantina
• Geno Sarmiento, Nick’s Fish Market
• Sheldon Simeon, Migrant
• Ryan Urig, Grand Wailea
The benefit will kick off with a festive reception in the Kea Lani courtyard at 5:30pm, which will be followed by an elegant gourmet dinner featuring live entertainment and an auction at 7pm. There will be an after-party at 8:30pm in the Lobby Mezzanine, which will feature Cuban tastings from MCA Alumni Chef Travis Morrin of Three’s Bar & Grill.
The coveted Tylun Pang Aspiring Chef Scholarship will be awarded at the benefit. One talented and hard working student will earn the chance to complete an 8-week summer internship working under Tylun Pang, the Executive Chef of the Fairmont Kea Lani. The student will earn an hourly wage in addition to a financial scholarship after finishing the program.
Tickets for this benefit are $195 for general seating and $250 for preferred seats. Table sponsorships begin at $3,500. To purchase your tickets, call (808) 984-3261 or visit noblechef.maui.hawaii.edu. As for any assistance you might need with West Maui real estate, you'll find our contact information at the bottom of the page. Mahalo!
A new West Maui residential development is in the works via Makila Land Co., one of the island's largest landowners. They propose a 150-home community on 271 acres along the coast, with each lot ranging from one to one-half acre. At least 50 of these will be single-family workforce housing units.
The project will include a "village core" with a park, a community center, commercial space, and possibly a fire and ambulance substation. Up to 75 of the project's homes would be clustered around this core. This is an ambitious project, but the current demand for West Maui real estate is strong, so it's likely that Makila Land is going into this with a lot of confidence.
Around seven acres of the project will be set aside for the state Department of Transportation for the construction of the Lahaina Bypass. Makila Land intends to change around 40 acres from agricultural zoning to urban, and 231 acres from agricultural zoning to rural. Of course, the project needs to go through the process of environmental review because of the land use change request.
According to some recent news reports, Makila Land is Maui's 19th largest landowner, with 4,069 acres. That also makes it the 47th largest landowner in the state.
With the project in its early stages, there are still a lot of details we don't know yet, but if and when things progress, we're sure to hear more. These projects often take several years to complete, so we have plenty of time to keep an eye on this one. In the meantime, if you have any questions about West Maui real estate, our contact info is at the bottom of the page. We'd be happy to assist you. Mahalo!
The numbers are in from the Realtors Association of Maui for the month of August. Their reports help paint a clear picture of the Maui real estate market whether you're buying or selling. Following the trends revealed by this monthly report can help you decide the best time to make a move.
Median price changes are one of the important categories. For example, the median price of a single family home was $550,000 in August, as opposed to $570,000 in the same month last year. Median condominium prices were down to $355,000 in August, compared to $410,000 in the same month last year.
Despite the decline in median home prices in August, prices have gone over $600,000 three times this year, while prices only reached that level once last year. That tells us a story of overall growth.
As for the number of sales in August, we saw a tremendous increase with 96 single-family homes sold, compared to 68 in the same month last year. Condominium sales totaled 99 units, as opposed to the 94 units sold in August of last year.
Median condominium prices were down to $355,000 in August, compared to $410,000 in the same month last year. There were 99 units sold, as opposed to the 94 units sold in August of last year.
The report revealed that the number of single-family home sales tallied up at 720 year to date, versus 626 in the same period last year, which is a 15 percent increase. The year to date median price of a Maui home increased by 4 percent from $570,000 to $590,000, year-over-year. Sales volume was up 14 percent from $576,394,900 to $657,747,643.
As for year to date condo sales, we saw a 3 percent decline from 835 to 807 year-over-year. Year to date sales prices were down 2 percent from $414,750 to $407,500 compared to the same period last year. Sales volume was also down 5 percent from $547,909,311 to $520,434,623.
If you need assistance navigating this information, and the Maui real estate market as a whole, you'll find our contact information at the bottom of the page. We also answer questions on our Sakamoto Properties Maui Video Blog page, so be sure to check it out.
Maui seems to be swept up in a flurry of real estate transactions over the past few months, and most of the big stories are commercial real estate sales. That is, with the exception of the record breaking Makena home that sold for $41.7 million last month. Here in the West Maui real estate circle, another big sale story came up just last week. According to the Real Estate Alert weekly newsletter, the Safeway-anchored Lahaina Cannery Mall is up for sale.
The mall is a popular attraction for visitors, and its 130,599 square feet are situated on a 12-acre Lahaina property at the corner of Honoapiilani Highway and Kapunakea Street. The current owner is Terramar Retail Centers, a California-based shopping center owner. The newsletter estimated that the mall could sell for around $70 million, which is around $10 million more than Terramar bought it for.
The mall houses numerous stores, aside from Safeway, which recently renewed with a 20-year lease. Longs Drugs is also located at the mall, along with a Starbucks, Na Hoku, ABC Stores, Serendipity along with many other shops and several restaurants.
The prior owner of Lahaina Cannery Mall was Property Development Centers, a subsidiary of Safeway. They paid $58.5 million for the property in a deal that began in 2012 and closed in late 2014. It's amazing how quickly Maui's commercial properties can be turned over for a profit, and those are trends that tell you quite a bit about the strength of the economy, especially with visitor arrivals and spending on the rise.
As for residential Maui real estate, if you are in the market and need any assistance with your search, you'll find our contact info at the bottom of the page. We'd be happy to help you find the property you're looking for. Mahalo for reading this week!
Ask us! Since we know and love Maui, we frequently get asked great questions about this beautiful island, such as, real estate on Maui, restaurants at Kapula, top things to do and see while visiting, golf at Kapalua, Maui non-profits and more. So, we have added a new video blog where you can send us your questions about Maui and we will gladly answer them.
Send us your Maui questions, whether you're looking for a non-profit to volunteer with, homes for sale on Maui, restaurant recommendations, lifestyle at Kapalua, top beaches in Lahaina, or planning to visit Maui and looking for luxury accommodations. Filmed against the breathtaking Maui scenery, we will be answering mailbag questions that have been asked and post them to our new webpage, "Ask Us" page, where you can view all of our questions and answers.
Have questions about Maui? Send us your questions and stay tuned for your answers!
If you enjoy a benefit with amazing food, then you might as well attend the one for the Maui Culinary Academy that is coming up on October 17th. Many benefits provide amazing cuisine, but this one will take it a step further, since the funds… Continue Reading