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6 Beds
4 Baths
2,538 sqft

$1,500,000

4038 Mahinahina Pl, Lahaina HI, 96761

Price per sqft$591.02
Built in1985
Property size2,538 sqft
Property typeResidential

Overview

Sold

Listed Sep 1, 2025

Updated Jun 5

Nestled in the vibrant heart of Honokowai within the Mahinahina neighborhood, lies a remarkable property that blends the tranquility of island living with the practical allure of income generation. This unique residence, featuring a main house and a detached cottage, offers four independent sources of income, making it a compelling choice for investors and multi-generational homeowners seeking both comfort and returns in one of Maui’s most sought-after locales. In this pocket of paradise, the property stands out not only for its residential appeal but also for its potential as a lucrative investment. PVL panels for lower electricity bills have been prepaid for the next 10 years, so no lease payments. Coin laundry on property for additional income. This home and detached cottage in Mahinahina’s Honokowai neighborhood provides a unique opportunity to combine island living with solid investment returns. With four sources of income, it stands as a testament to thoughtful ownership and future-oriented planning. This property’s strategic location, versatile layout, and commitment to sustainability make it not just a place to live, but a foundation for long-term prosperity. The cottage is a 1/1. The main house is configured as 3/2, 2/1, 1/1. The tenants have been here for many years. The home has been maintained, however needs some TLC. Please pre-qualify your Buyers before scheduling showings. The cottage rent is $1900, 3 BR $3200, 2 BR $2700 and 1 BR $1700. All pay their own utilities except for water.

Additional information

MLS® ID
406995

Interior Features

Bedrooms
6
Bathrooms
4
Basement
No

Exterior Features

Lot Size
0.2 Acres

Other Property Details

Taxes
$3,300
Tax Frequency
Annually
View
Yes

Courtesy of MegaVega Properties LLC

Listing Contact: [email protected] 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Mark Janes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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