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Airbnb City Guide: The Best Places To Invest in Lahaina, Hawaii

Lahaina, Hawaii

Airbnb Rules and Regulations in Lahaina, Hawaii

As of 2024, the County of Maui has implemented a comprehensive set of regulations for short-term rentals in the historic town of Lahaina. Property owners must obtain a valid Short-Term Rental Home Permit from the county before advertising or operating a rental unit. The permit application requires proof of liability insurance, a fire safety inspection, and adherence to occupancy limits based on the property's size. Rentals are subject to a 10.25% Transient Accommodations Tax, collected by the host and remitted to the county quarterly.

Quiet hours are enforced from 9:00 PM to 8:00 AM, and all parking must be accommodated on-site. Additionally, hosts must designate a local contact person, such as a property manager or co-host, available 24/7 to address any guest concerns or issues that may arise. Violations of these regulations may result in fines, permit revocation, and removal from the Airbnb platform. By complying with these rules, hosts can ensure a safe and enjoyable experience for their guests while contributing to the responsible growth of the short-term rental market in Lahaina.

Lahaina Airbnb Market Data:

  • Average Revenue – $K per year
  • Average Daily Rate – $ per night
  • Average Occupancy Rate – %
  • Average RevPAR – $
  • Average Home Prices – $1,143,202

1. Top Place to Invest in Lahaina, Hawaii - Kaanapali

Kaanapali, a world-renowned resort destination nestled along the western coast of Maui, has emerged as a prime location for Airbnb investors seeking a profitable venture in a tropical paradise. With its stunning beaches, luxurious amenities, and year-round demand from travelers, Kaanapali offers a unique opportunity for short-term rental success.

Kaanapali Airbnb Market Data:

  • Average Revenue – $325.5K per year
  • Average Daily Rate – $1.7K per night
  • Average Occupancy Rate – 75%
  • Average RevPAR – $1.2K

Convenience - 8/10

Kaanapali's location provides a balance of convenience and seclusion. The area is home to a variety of high-end resorts, restaurants, and shops, ensuring that guests have easy access to essential amenities. However, the sprawling nature of the resort area may require some walking or short drives to reach certain destinations.

Tourist Attractions - 9/10

Kaanapali boasts a wealth of tourist attractions that draw visitors from around the globe. The iconic Kaanapali Beach, with its soft white sand and crystal-clear waters, is a major highlight. Guests can also enjoy the daily cliff-diving ceremony at Puu Kekaa (Black Rock), explore the vibrant Whalers Village shopping complex, or tee off at one of the area's championship golf courses.

Things to Do - 9/10

From water sports to cultural experiences, Kaanapali offers a wide array of activities for visitors. Snorkeling, surfing, and stand-up paddleboarding are popular pastimes along the beach. Guests can also embark on whale-watching tours, take a sunset catamaran cruise, or indulge in a traditional Hawaiian luau. The nearby historic town of Lahaina provides additional options for dining, shopping, and exploring.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home price in Kaanapali is a staggering $2.5 million, representing a 4.5% appreciation from the previous year. While these prices may seem daunting, the high demand for luxury vacation rentals in the area can justify the investment for Airbnb entrepreneurs with the means to acquire property in this exclusive market.

Proximity to Work-Related Travel - 5/10

Kaanapali's location may not be the most convenient for guests traveling for work-related purposes. The nearest major hospital, Maui Memorial Medical Center, is approximately a 40-minute drive away. The Maui Arts & Cultural Center, which hosts some conferences and events, is about a 30-minute drive. However, most visitors to Kaanapali are likely traveling for leisure rather than work.

X-Factor - 10/10

Kaanapali's unparalleled combination of natural beauty, luxury amenities, and world-class hospitality sets it apart. The area's stunning beaches, lush landscapes, and year-round sunshine create an idyllic setting for travelers seeking a tropical escape. With its diverse range of activities, top-notch resorts, and proximity to other Maui attractions, Kaanapali offers an unforgettable experience that keeps visitors coming back year after year, making it a prime location for Airbnb investment.

2. Top Place to Invest in Lahaina, Hawaii - Kapalua

Kapalua, a luxurious resort community situated on the northwest coast of Maui, has emerged as a promising investment opportunity for those seeking to start a short-term rental business with a slice of paradise. Boasting world-class golf courses, pristine beaches, and a tranquil atmosphere, Kapalua offers a unique and rewarding rental market for discerning travelers.

Kapalua Airbnb Market Data:

  • Average Revenue – $175.8K per year
  • Average Daily Rate – $1K per night
  • Average Occupancy Rate – 67%
  • Average RevPAR – $651

Convenience - 7/10

While Kapalua's secluded location adds to its allure, it may present some challenges in terms of convenience. The resort area has a handful of high-end restaurants and shops, but guests may need to venture to nearby towns for more extensive dining and shopping options. However, the resort does offer shuttle services to help visitors navigate the area.

Tourist Attractions - 8/10

Kapalua's main attractions revolve around its stunning natural beauty and world-class golf courses. The Kapalua Resort is home to two championship golf courses, the Plantation Course and the Bay Course, which offer breathtaking views of the Pacific Ocean. Visitors can also explore the Kapalua Coastal Trail, a scenic hiking path that winds along the resort's rugged coastline.

Things to Do - 8/10

In addition to golf and hiking, Kapalua offers a range of activities for visitors to enjoy. The resort's beautiful beaches, such as Kapalua Bay and Oneloa Bay, are perfect for swimming, snorkeling, and sunbathing. Guests can also participate in tennis, zip-lining, or spa treatments at the luxurious Kapalua Spa. The nearby town of Lahaina provides additional options for dining, shopping, and cultural experiences.

Average Home Prices - 5/10

According to Zillow data for 2024, the median home price in Kapalua is an impressive $3.2 million, representing a 3.8% appreciation from the previous year. These high prices reflect the exclusive nature of the resort community and may be a barrier for some Airbnb investors. However, the potential for high-end vacation rental income may justify the investment for those with the necessary capital.

Proximity to Work-Related Travel - 4/10

Kapalua's remote location may not be the most convenient for guests traveling for work-related purposes. The nearest major hospital, Maui Memorial Medical Center, is approximately a 50-minute drive away. The resort area has no major convention centers or sports venues, making it less suitable for business travelers or event attendees.

X-Factor - 9/10

Its unrivaled combination of natural beauty, luxury amenities, and serene ambiance sets Kapalua apart. The resort's stunning beaches, lush landscapes, and world-class golf courses create an idyllic setting for travelers seeking a refined and relaxing escape. With its commitment to environmental stewardship and sustainable practices, Kapalua offers a unique and responsible vacation experience that appeals to discerning guests, making it a promising location for Airbnb investment.

3. Top Place to Invest in Lahaina, Hawaii - Napili

Napili, a charming coastal community nestled along the western shores of Maui, has emerged as a hidden gem for Airbnb investors seeking a tranquil and authentic Hawaiian experience. With its pristine beaches, laid-back atmosphere, and proximity to world-class attractions, Napili offers a unique and rewarding short-term rental market.

Napali Airbnb Market Data:

  • Average Revenue – $657K per year
  • Average Daily Rate – $2.5K per night
  • Average Occupancy Rate – 72%
  • Average RevPAR – $1.8K

Convenience - 7/10

While Napili itself has limited dining and shopping options, its location provides a balance of seclusion and accessibility. Lahaina's vibrant restaurants, shops, and cultural attractions are just a short drive away, opening the potential to form local partnerships. Additionally, the nearby resort areas of Kaanapali and Kapalua offer a wider range of amenities for guests to enjoy.

Tourist Attractions - 8/10

Napili's main draw is its stunning natural beauty. The area boasts two beautiful beaches, Napili Bay and Napili Beach, known for their crystal-clear waters and excellent snorkeling opportunities. Visitors can also explore the Kapalua Coastal Trail, a scenic hiking path that winds along the rugged coastline, offering breathtaking ocean views.

Things to Do - 8/10

In addition to beach activities and hiking, Napili offers a variety of outdoor adventures for visitors. Guests can embark on whale-watching tours, take a sunset catamaran cruise, or try their hand at stand-up paddleboarding or surfing. The nearby Kapalua Resort also provides access to world-class golf courses and tennis facilities.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in Napili is $1.8 million, representing a modest 2.9% appreciation from the previous year. While these prices are still on the higher end, they are more accessible compared to some of the more exclusive resort areas on Maui, making Napili an attractive option for Airbnb investors seeking to purchase properties to list on Airbnb.

Proximity to Work-Related Travel - 5/10

Napili's location may not be the most convenient for guests traveling for work-related purposes. The nearest major hospital, Maui Memorial Medical Center, is approximately a 45-minute drive away. The area does not have any major convention centers or sports venues, making it less suitable for business travelers or event attendees.

X-Factor - 9/10

What sets Napili apart is its authentic Hawaiian charm and laid-back vibe. The community's small-town atmosphere, friendly locals, and stunning natural surroundings create a truly unique and immersive experience for guests seeking a taste of the real Hawaii. With its proximity to world-class attractions and amenities, Napili offers the best of both worlds – a tranquil escape and easy access to the island's top destinations, making it a promising location for Airbnb investment.

4. Top Place to Invest in Lahaina, Hawaii - Downtown

Downtown Lahaina, the vibrant heart of Maui's historic whaling village, offers a unique blend of cultural charm and modern amenities, making it an attractive investment opportunity for Airbnb entrepreneurs seeking a prime location in a world-renowned destination.

Downtown Airbnb Market Data:

  • Average Revenue – $440.2K per year
  • Average Daily Rate – $1.8K per night
  • Average Occupancy Rate – 67%
  • Average RevPAR – $1.2K

Convenience - 9/10

Convenience is a standout feature of Downtown Lahaina. The area boasts a pedestrian-friendly layout, with a plethora of restaurants, shops, galleries, and attractions within walking distance. Guests can easily explore the town's offerings without needing a car, enhancing the neighborhood's overall appeal for short-term rentals.

Tourist Attractions - 9/10

Downtown Lahaina is a veritable hub of tourist attractions. The iconic Banyan Tree, spanning an entire city block, is a must-see for visitors. The historic Front Street, lined with art galleries, boutiques, and restaurants, offers a glimpse into the town's rich cultural heritage. Additionally, the Lahaina Harbor serves as a departure point for various water activities, including whale-watching tours and sunset cruises.

Things to Do - 10/10

From cultural experiences to outdoor adventures, Downtown Lahaina offers a wealth of activities for visitors. Guests can immerse themselves in the town's history by visiting museums and attending traditional luaus. Water sports enthusiasts can indulge in snorkeling, surfing, and stand-up paddleboarding. The area also hosts numerous festivals and events throughout the year, adding to the vibrant atmosphere.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in Downtown Lahaina is $1,250,000, reflecting a modest 2.5% appreciation from the previous year. While these prices are on the higher end, the strong demand for vacation rentals and the potential for high occupancy rates justify the investment for Airbnb entrepreneurs seeking a prime location.

Proximity to Work-Related Travel - 8/10

Downtown Lahaina's location is relatively convenient for work-related travel. The Maui Memorial Medical Center is approximately a 25-minute drive away, making it suitable for guests visiting for medical purposes. The Maui Arts & Cultural Center, which hosts conferences and events, is also within a reasonable 30-minute drive.

X-Factor - 10/10

What sets Downtown Lahaina apart is its unparalleled blend of history, culture, and modern amenities. The area's rich whaling heritage, preserved in its architecture and museums, creates a unique and immersive experience for guests. Coupled with the town's vibrant dining and entertainment scene, Downtown Lahaina offers a truly one-of-a-kind destination that appeals to a wide range of travelers, making it a prime location for Airbnb investment.

⚡️
Reveal your property’s rental profitability

Buy this property and list it on Airbnb.