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Kalama Terrace unit P203, Kalama condo
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!
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Condo details
685 sqft interior area
- Condo building Kalama Terrace
- Year Built 1972
- Year Remodeled 2021
- Original list price $575,000
- Days on market 2
- Price per sqft $839/sqft
- Baths 1
- Beds 2
- Association fees $4,129
-
Address
35 Walaka St unit P203, Kihei, HI, 96753
- Total area 685 sqft
- Interior area 685 sqft
- Neighborhood Kalama | Kalama Terrace
- Land area 63,162 sqft / 1.45 acres
- City of Maui Kihei
- Region Kihei
- Island Maui
- View Garden
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$2,932
Taxes
$0
HOA dues
$4,129
Mortgage
Down payment
$115,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$2,932 / month
Neighborhood: Kalama
Nearby & commute
Walkability
Coffee shops
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Bus stop
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Supermarket
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Costco
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no data
Hospital
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Park
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Beach
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Elementary school
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Middle school
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High school
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Local airport
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9 / 20
Car dependent
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Building: Kalama Terrace
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Building community amenities and features
Unit features
Barbecue
Kalama prices
Average price $882.35k
Neighborhood average sales price*
$882.35k
Neighborhood median sales price*
$960k
Number or sales*
53
Street median sales price*
$1.08m
*last 6 months
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
Kamalii Elementary School
180 Kealii Alanui,
Kihei, HI 96753
Elementary School
|
0.603mi | |
|
Lokelani Intermediate School
1401 Liloa Dr,
Kihei, HI 96753
Middle School
|
1.338mi | |
|
Kahuahana Christian School
Po Box 532554,
Kihei, HI 96753
High School
|
2.318mi |
| School rating | Distance | |
|---|---|---|
|
Kamalii Elementary School
180 Kealii Alanui,
Kihei, HI 96753
|
0.603mi | |
|
Kihei Elementary School
250 East Lipoa St,
Kihei, HI 96753
|
1.444mi | |
|
Montessori Hale O Keiki
100 Kulanihakoi St,
Kihei, HI 96753
|
2.318mi | |
|
Kahuahana Christian School
Po Box 532554,
Kihei, HI 96753
|
2.318mi | |
|
Kihei Public Charter School
300 Ohukai Rd,
Kihei, HI 96753
|
3.173mi |
| School rating | Distance | |
|---|---|---|
|
Lokelani Intermediate School
1401 Liloa Dr,
Kihei, HI 96753
|
1.338mi | |
|
Montessori Hale O Keiki
100 Kulanihakoi St,
Kihei, HI 96753
|
2.318mi | |
|
Kahuahana Christian School
Po Box 532554,
Kihei, HI 96753
|
2.318mi | |
|
Kihei Public Charter School
300 Ohukai Rd,
Kihei, HI 96753
|
3.173mi | |
|
Haleakala Waldorf School
4160 Lower Kula Road,
Kula, HI 96790
|
8.238mi |
| School rating | Distance | |
|---|---|---|
|
Kahuahana Christian School
Po Box 532554,
Kihei, HI 96753
|
2.318mi | |
|
Kihei Public Charter School
300 Ohukai Rd,
Kihei, HI 96753
|
3.173mi | |
|
Kamehameha Schools Maui
270 Aapueo Parkway,
Makawao, HI 96768
|
9.851mi | |
|
Maui High School
660 South Lono Ave,
Kahului, HI 96732
|
10.267mi | |
|
Kaahumanu Hou Christian School
777 Mokulele Highway,
Kahului, HI 96732
|
10.341mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jan 29, 2021
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 29, 2021 | Sold | $431,000 -1.82% from last sold price | $629.20 | Public Record |
| Nov 30, 2020 | Pending | $439,000 | $640.88 | MLS #389239 |
| Nov 10, 2020 | New Listing | $439,000 | $640.88 | MLS #389239 |
Tax & MLS details 35 Walaka St unit P203, Kihei, HI, 96753
MLS #410104
TMK
2390160270042
Listed by
Coldwell Banker Island Prop-KP
Cell: 808-214-4799
Cell: 808-214-4799
MLS #
410104
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Frequently asked questions for 35 Walaka St unit P203
What is 35 Walaka St unit P203?
35 Walaka St unit P203 is a condo in the Kalama Terrace building located in Kihei, HI. This is a 2 beds, 1 bath condo in the Kalama neighborhood. This apartment has 685 sqft interior space with garden views.
When was this condo built and last sold?
This house was build in 1972.
What is the full address of this condo?
35 Walaka St unit P203, Kihei, HI, 96753.
Are there beaches near 35 Walaka St unit P203?
No, there aren't.
Based on information from the Realtors Assoc. of Maui. Copyright 2026 by REALTORS® Association of Maui, Inc. Listing courtesy of Coldwell Banker Island Prop-KP. 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.
Listings last updated on June 29, 2026.
Hawaii House Last checked 2 years ago.
35 Walaka St unit P203 is a condo in the Kalama Terrace building located in Kihei, HI. This is a 2 bed, 1 bath condo in the Kalama neighborhood. This apartment has 685 sqft interior space with Garden views. The neighborhood is Kalama and the full address is 35 Walaka St unit P203, Kihei, HI, 96753.
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