The Stice Team is very pleased to announce our latest listing at 164 Ulumalu Rd. (MLS# 352760) in Haiku, Maui. When my father and business partner, Tracy Stice, last had this property listed in 2005 when the current sellers bought it (about a year and a half before I got my real estate license), he had me trim a lot of the palm fronds off the coconut trees on the property, so it’s pretty cool to come full circle and now be listing this property with my dad.
This property has come a long way during the current seller’s tenure – they have improved the home and entire property drastically. It is now beautiful inside and out, the landscaping is lush and very attractive, and the property is turn-key and ready for a new owner. See for yourself in our video presentation of 164 Ulumalu Rd. and the Haiku Life.
There are three bedrooms (one is currently set up as an office) and two full bathrooms on the upper floor. The entire upstairs features bamboo flooring, ceramic tile in the bathrooms, and touches of travertine in the showers as well as gorgeous koa bathroom vanities.
Some of the more distinguishing aspects of the kitchen/dining/living area are certainly the high open beam ceilings, which make the room fill spacious and radiant with natural light, the open nature of the room, and the solid koa wood cabinetry, which the seller masterfully constructed.
I really like the windows above the granite tiled counters and kitchen sink, which allow you to look out into the garden/park like setting that are the grounds of this property. Also noteworthy about all of the windows is that there are many of them, this keeps the house at a very comfortable temperature with steady but not overwhelming trade winds.
Seen from eye level, you really get to experience the illusion that I reference below.
Something that I think is really unique about the office or 3rd bedroom, which backs up to the stairwell, is that there is a large framed opening that opens up over the stairwell and draws the eye outward towards the large exterior windows – this creates the fascinating
illusion of the beautiful outdoors coming into the home – photos and prose just don’t do this property justice and it just one of the many reasons to view this property in person.
This is the lower lanai easily accessed from the door at the bottom of the stairs on the interior staircase. Great for entertaining, dining, or playing in the yard.
As you embark down the stairwell, going left will take you to the laundry room and the 400 sq.ft. enclosed garage. At the end of the stairwell there is a door that leads you out to a beautiful covered lanai with a trellis, adding a nice country feeling to this outdoor dining and BBQ area.
Also downstairs is the 4th bedroom, which is really set up as its own living area with a full bathroom, its own covered exterior lanai, a small living area, and a full kitchen. This set up provides a lot of flexibility for extended family/guest living situations, or someone looking to derive rental income.
Beyond the shadow area in this photo above is a fantastic location to build a cottage; it would be very easy to branch out the driveway to the left to accommodate this additional living area and you can see that the landscaping provides a nice buffer to ensure privacy between the two.
There are several large surrounding trees
to provide shade, but also a large grassy area with a slight decline headed towards Ulumalu Rd. Refer to 0:41 on the above video as you will get a glimpse of this area and see what I am talking about.
What’s growing on this country property?
- Fruits – guava, bananas, papaya, mountain apple, lychee, avocado, mango, lilikoi, coconut, noni, star fruit, orange, lemon and lime.
- Gingers – white, yellow, red, pink, blue, and shell ginger.
- Flowers – many plumeria, 6 different haliconias, pikaki, crown flower, spider lilies, night blooming jasmine, bird of paradise, 3 different gardenia, moc heather, bromeliaids, yellow lilies, antheriums, impatience, and hibiscus
- Shrubs – snow bush, Christmas bush, monstera, many ti’s, ferns, taros, bamboo, rubber bush, and hala.
- Palms – coconut, triangle, rag leaf, queen, areca, travelers, and several others.
- Trees – ficus, octopus, monkey pod, kukui nut, penny tree, mango, guava, and royal poinciana.
One of the many different varieties of haliconias on the property.
As I mentioned at the beginning of the blog, this property has gone through quite through quite the improvement overhaul so calling it a remodel is certainly and understatement. Here is what the owner had to share about this process.
“The remodel has been progressive over the last 6 years. The upstairs: floors, kitchen cabinets, and all interior paint was done right after we moved in. The bathrooms were done 3+ years ago. The kitchen appliances were changed out this past year. The downstairs: totally redone 4+ years ago, tile floor put in 2 years ago. The outside: new roof, gutters, patio, and paint 2+ years ago. The yard has been a 6+ year process as you can imagine.”
The Haiku Life
I was born and raised in Haiku and I love sharing my passion for the area. In the property video you will note that we have included some scenic locations around Haiku and the north shore including:windsurfing at Hookipa Beach park which is arguably the best location in the world for this, the bluff overlooking Maliko Bay which is a really awesome spot to watch the huge winter swells coming in and the jet skis launching and heading towards Jaws or SUP and outrigger canoe paddlers heading down the coastline, Haiku School where I attended elementary school, the Haiku Community center where many soccer and baseball games are held at as well as serving host to the annual Haiku Ho’olaule’a and Flower Festival, and the 4th. Marine Division Park aka “Giggle Hill” park off Kokomo Rd. which was one of my favorite places to go play with my friends back in the day.
Haiku is still very much a small country town but it has changed a lot since I was a kid,I would say overall probably for the best. The Haiku Town Center (also shown in the video) has gone through quite the overhaul. Upcountry Fitness is a fantastic place to work out, there is the Haiku Grocery store which has basically all of the necessities, Fukashima store is still always a good pit stop for a “Fuki Dog” or their famous chow fun, and I love Colleens as a great sit down location for a meal.
The Hawaii Life value score grades 164 Ulumalu Rd. as a 91 out of a possible 100 points – anything above a 90 I consider to be a pretty strong buy, but I contend that the value of this property in today’s market is higher than this algorithmic score would indicate.
Why? One of the most elementary economic principles, supply and demand. The Haiku real estate market, just like many others in Maui and the state of Hawaii, are experiencing heavily diminished supply levels as inventory is being absorbed very quickly and international and domestic demand remains very strong, especially for well priced and well conditioned properties such as this.
This past Saturday, I held a 3 hour open house and I had 14 different parties in and around the property during this time frame – it was a bit of a mad house to keep up with all of this as many potential buyers expressed great interest in this property – market activity dictates value and I believe that the market will bring us an offer or offers soon. This is a good one and I doubt it will last long. Schedule your appointment today, or feel free to reach out to me with questions about anything here. Aloha.Jeremy Stice, R(S) 808.281.2178 Stice@HawaiiLife.com