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Listed by Coldwell Banker Island Prop-KP, Evan Harlow. Cell: 808-214-4799

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35 Walaka St P203Kihei, HI 96753

ACTIVE
$575,000
2
1
685 Square Feet

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!


FACTS & FEATURES

  • Property Type:
    Residential
  • Architectural Style:
    Low-Rise 1-3 Stories
  • Bedrooms:
    2
  • Bathrooms:
    1
  • Dwelling Size:
    685 Square Feet
  • Lot Size:
    1.45 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1972
  • Interior Features:
    Chandelier, Furnished, Inventory, Kitchen Ware, Linens, TV Cable
  • Exterior Features:
    Barbecue
  • Parking:

    Garage or Parking Spaces:
    Features:
  • Area:
    Kihei
  • Views:
    Garden
  • Schools:
  • HOA:
  • Senior Community:
  • Heating:
  • Cooling:
  • Appliances:
    Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Fireplace:
    Fireplace(s):
    Features:
  • Accessibility:
  • Security Features:
    Smoke Detector(s)
  • Foundation:
  • Roof:

LOCATION


REQUEST INFORMATION

Listing Office: Coldwell Banker Island Prop-KP. Listing Agent: Evan Harlow. Listing ID: 410104

Last Updated June 30, 2026 12:14 AM
Data last checked against RAM on July 18, 2026 4:02 AM

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.

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