$2980000 2 BD 3 BA 1529 SQFT 16.45 ACRES

500 Bay, Lahaina, HI, 96761

Listing Number:  400433
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property description

Rarely does a single-level, ground floor, fully renovated property become available for purchase. With all of the hard work done, all you need to do is bring your beach chairs. Kapalua Bay Villas 15G123 is a two-bedroom, three-bathroom unit spaciously spread across 1,529 sq. ft. of single-level living. Breathtaking ocean, sunset & island views await you from this pristine tropical oasis. The property is perfect for an investor or for a 1031 exchange property. The unit has historically been a high-performance rental, with Q1 2024 projected gross rental revenue of $44k. A major renovation was completed in 2020. The extensive scope of work included custom Sapele wood cabinetry in kitchen, living room and bathrooms. All countertops in kitchen and bathrooms were upgraded to an exquisite blue fusion polished quartz and the kitchen was appointed with stainless steel GE appliances. In addition to new cabinetry, bathroom upgrades also included custom made LED lighted wall mirrors by Electric Mirror and stunning Spanish ceramic tile backsplashes by Porcelanosa. All windows and doors were replaced, including a new solid mahogany front door. Hunter Douglas plantation shutters were installed in both bedrooms to complement the existing room darkening woven wood shades. Electrical outlets and bulbs were replaced throughout the unit to maximize efficiency, and all ceiling fans were upgraded to Minka Aire Artemis ceiling fans. Last but certainly not least, the unit was fully repainted with incredible attention to detail. The property is sold furnished with the exception of Seller’s personal possessions and all artwork. A substantial selection of artwork is available on a separate Bill of Sale and pairs beautifully with the unit. The 2020 renovation included the purchase of all new, island-influenced furnishings and artwork. Much of the artwork came from Maui Hands Gallery and was made by local Hawaiian artists. Kapalua Bay Villas is an oceanfront condominium community of 141 apartments in twenty-seven 1-story and 2-story buildings. The community is spread across 16.451 acres and offers pools & tennis court. Beach front access to Kapalua Bay and Oneloa Bay is within walking distance from this oceanfront condominium community. The community allows transient vacation rentals. The Kapalua resort communities offers Maui’s finest dining and resort activities including snorkeling, hiking, golf, pickleball, tennis and Kapalua Zipline activities! Your Time Is Now.

Country:  Maui
Property Type:  Residential
Property Sub Type:  Condominium
property information
Primary Features
Price:  $2980000
Bedrooms:  2
Bathrooms:  3
Size in Square Feet:  1529
Size in Acres:  16.45
Location:  Bay, Lahaina, HI, 96761
Listing Number:  400433
zoning:  N/A
residential condominium:  no
year built:  1977
External Features
carport:  No
Carport Number of Cars House:  N/A
parking:  No
photo-voltaic installed:  Yes
pool:  N/A
waterfront:  None
Location Information
district:  Kapalua
plat:  001
street designation:  Dr
View:  Ocean
Financial Information
land tenure:  Fee Simple
potential short sale:  N/A
Tax Map Key:  2420010240018
Tax Year (Ending):  N/A
Taxes Per Month:  1601
Broker Contact info
Office Name:  Coldwell Banker Island Prop-KP
Office Phone:  808-875-7000
Office email:  steve.baker@islandproperties.com
Agent Name:  Raymond Chin
Agent email:  ray@raychin.com
Agent Cell Phone:  808-344-2677
Office Address:  500 Bay Dr
Contact:  Cell: 808-344-2677
Barry Brown
Barry Brown Owner R(B) 14581 (808) 870-8888 barry@barrybrownmaui.com
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