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* Second home allowed on either a residential or an agricultural zoned property.
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Kalama Terrace condos for sale | Kalama | Maui

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$575k
Kalama - Kalama Terrace
35 Walaka St unit P203, Kihei
Condo
2 bd
1 ba
685 sqft
$575,000
2
bd
1
ba
685
sqft
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!
Condo
1 bd
1 ba
514 sqft
$275,000
1
bd
1
ba
514
sqft
Welcome to Kalama Terrace L-102! This ground-floor, pet-friendly 1-bedroom, 1-bathroom condo features a beautifully remodeled kitchen and bathroom (2023). Step out onto your private lanai—perfect for a furry friend—offering direct access to a lush grassy area and a quick trip to Kamaole Beach I. Mature shrubbery provides an excellent natural barrier for added privacy. Ideally located moments from Cove Park and Charley Young Beach, the complex boasts fantastic recent upgrades: new stucco finish and paint, new rain gutters, a resurfaced pool, and a brand-new BBQ area. Enjoy unbeatable value with a monthly maintenance fee inclusive of Electricity, Water, Sewer, Trash, Cable, and CAM. Features include an on-demand tankless hot water system, a cost-saving PV system, and 2 tandem parking spaces (Rare). Don’t miss this turn-key, affordable South Maui lifestyle opportunity! More pictures to come. Note: While some owners vacation rent, this has been an owner-occupied home. Located in A1/A2 zoning; subject to Maui County’s future short-term rental ordinances. Buyers to do due diligence; no future rental income is guaranteed. (Short-term rental defined as <180 days).
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$340k  $5,000
Kalama - Kalama Terrace
35 Walaka St unit L211, Kihei
Condo
1 bd
1 ba
538 sqft
$340,000  $5,000
1
bd
1
ba
538
sqft
Price adjusted to $340K plus a $5K Credit at closing. Kalama Terrace is a prime Kihei condo a block from Charley Young Beach and Cove Park! The condo is spacious with lots of natural light & cool breezes, which creates a welcoming atmosphere. The covered lanai is perfect for unwinding after a day at the beach. A portable A/C keeps the space cool during those warm evenings. Residents have easy access to stunning shorelines & a variety of recreational activities, including swimming, stand-up paddleboarding, and surfing. The vibrant neighborhood is rich with dining options and shopping, enhancing your island lifestyle. With Piilani Village Shopping Center & Azeka Shopping Center minutes away, convenience is at your fingertips. Don’t miss out on this island gem! Embrace the opportunity to own this beautiful property in a sought-after location. The building currently allows short-term rentals, providing excellent investment potential, although this will be phased out by January 1, 2031. Monthly HOA fee cover Electricity/Gas/Water/Sewer/Trash/CAM This condo is sold furnished, including all contents (excluding the TV, staging bedding, and staging kitchen linens) and is sold “as is.”
$299.9k  $9,100
Kalama Terrace
35 Walaka St unit L209, Kihei
Condo
1 bd
1 ba
535 sqft
$299,900  $9,100
1
bd
1
ba
535
sqft
Experience the inviting charm of Kalama Terrace L-209, a beach-inspired island retreat in the heart of South Maui, ideally located just minutes from Charley Young Beach, The Cove (a popular beginner surf spot), and Kamaole Beach Parks I, II, and III. This condo places you right in the center of Kihei’s most vibrant area, with easy access to some of Maui’s best restaurants, bars, and shops, making it a prime spot for both lifestyle and vacation rental appeal. Unit L-209 also offers a peek-a-boo ocean view, adding a touch of coastal serenity to this already desirable location. Offered fully furnished and turnkey, this unit is perfect for effortless ownership—whether you’re seeking a high-performing short-term rental investment or your own personal getaway. The well-maintained grounds feature a resort-style pool, lush tropical landscaping, and a communal BBQ area, while the unit sits on the second floor closer to the ocean, and the complex includes an elevator and on-site laundry facilities. Inside, the bright and airy interior is filled with natural light and features a convenient breakfast bar pass-through to the kitchen, all within a pet-friendly community. Kalama Terrace allows for self-management or the option to hire a professional vacation rental company, and the seller has upgraded the electrical breakers; the unit is also highly rated on VRBO and Airbnb. One assigned parking stall #16 is included along with additional guest parking, and the monthly maintenance fee covers electric, water, basic cable, landscaping, common areas, and the community pool. Notably, Kalama Terrace is not located in a flood zone or sea level rise area, making this an exceptional opportunity to embrace easy coastal living in one of South Maui’s most desirable locations.
$299.5k  $35,500
Kalama - Kalama Terrace
35 Walaka St unit L208, Kihei
Condo
1 bd
1 ba
535 sqft
$299,500  $35,500
1
bd
1
ba
535
sqft
Best front row location in the complex with a partial ocean view. Near Charley Young Beach and the Cove Beach Park. Complex amenities include a beautiful swimming pool, BBQ, covered patio with tables and chairs near the BBQ and pool, lush tropical landscaping and community laundry. Maintenance fee includes electricity, propane gas for the range, water and refuse collection. Gorgeous grounds with tropical landscaping. Unit has tiled flooring, ceiling fans, bedroom shutters. 1 assigned parking stall.
Virtual Tour
$499.9k  $49,100
Kalama - Kalama Terrace
35 Walaka St unit L306, Kihei
Condo
1 bd
1 ba
535 sqft
$499,900  $49,100
1
bd
1
ba
535
sqft
Modern Island Living at Kalama Terrace L306. Sophisticated. Fresh. Steps from the shore. Experience a refined take on Kihei living in this meticulously renovated one bedroom one bath residence at Kalama Terrace. Situated at 35 Walaka Street, this unit offers a perfect blend of modern luxury and effortless Island accessibility. The residence; Step inside a bright, sun-drenched space where every detail has been thoughtfully updated. The 535-square-foot interior feels remarkably expansive thanks to a crisp, clean palette and a cohesive design language. Renovated kitchen, featuring sleek new cabinetry, premium counter tops, and a suite of new appliances. Modern flooring through out every room, designer bath includes tile, new vanities and contemporary finishes. Turnkey ready: offered with a sophisticated local aesthetic- ideal as a streamline primary home or a high-end vacation retreat. The lifestyle Kalama Terrace isn't just a complex; the well maintained grounds ave recently seen beautiful upgrades to the pool side BBQ area, creating an inviting space for evening gatherings after a day at the beach. The location- Leave the car behind. From your front door you are three minuets to the golden sand of Charlie Young Beach and the legendary surf breaks at the Cove. The vibrant energy of Kalama Park and the electric dining and shopping of Kihei Town. Centrally located for easy access tot he world-class golf and resorts of Wailea! This is a rare opportunity to own a "LKE NEW" property in one of Kihei's most convenient and beloved corridors.
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35 Walaka St condos

Some units can have Mountain/Ocean views.
* information deemed reliable, but not guaranteed

Overview of Kalama Terrace

Building name
Kalama Terrace
Neighborhood
Kalama
Views
Mountain/Ocean (*depending on the unit)

Lifestyle & outdoors In Kalama Terrace

2 surf spots in this area

Kama'ole Beach I
Type: body-surfing
Kama'ole, Wailuku 1-5
The Cove
Type: surfing

2 parks in this area

Kalama Park

Kamaole Beach Park No. 1

2 beaches in this area

Kamaole I Beach

Unnamed beach

1 golf course in this area

Maui Nui Golf Club

Essentials in Kalama Terrace

Supermarket is about 13 min walk
Airport is about 25 min drive
Hospital is about 25 min drive
Costco is about 20 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials

Walkability in Kalama Terrace

9 / 20
Car dependent
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Living in Kalama Terrace Kalama Terrace is a condo

Supermarkets are about 13 min walk, the nearest Hospital is about 25 min drive and the airport is about 25 min drive.

Kalama Terrace is car dependent.

There are 2 parks in this area, and 2 public beaches. Nearby lifestyles include surfing, body surfing and golf.

* information deemed reliable, but not guaranteed

Kalama Terrace condo values & housing market

Avg. days condo listed for sale in this building.
50
Average listings price current listings for sale
$381.55k
Kalama Terrace condos sold last 6 months
2
Price range sold units (last 6 month)
$283.04k - $283.04k
Median sales price - 3 months
$283.04k
Kalama Terrace listings for sale
6
* information deemed reliable, but not guaranteed
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