Maui Real Estate Listings
2481 Kaanapali, Lahaina, HI, 96761
One bedroom two bath, plus a murphy wall bed, time interval unit on the 12th floor located on the North side of Tower 2. Spacious floor plan sleeps 4 people comfortably. This unit has had a full renovation to the kitchen including counter tops and new appliances, along with the bathroom area. The Whaler on Kaanapali Beach offers amenities that include an ocean front pool and hot tub, spa, sauna, workout gym, salon, concierge service and underground parking. Occupancy dates are 5/14 thru 5/28.
1 Ritz Carlton, Lahaina, HI, 96761
INCOME! INCOME! INCOME! Although many Ritz Carlton Residences offer identical floor plans and furnishings, the incomes of each unit vary greatly. Here’s the secret code…the income is dependent upon the ROOM CATEGORY of each bedroom, as set by Ritz Carlton. It does not matter that the entire project is considered oceanfront; it matters how Ritz Carlton places EACH BEDROOM into their reservation system. There are 5 room categories…Garden View, Resort View, Partial Ocean View, Ocean View and Ocean Front. The impact of the room categories creates dramatic income differentials, which creates significantly variant real estate values, despite physical similarities. Residence 1614/1616 has both bedrooms in the Ocean View category. The Ocean View category has provided the highest net income to the owner every year since 2008! This Seller knows, because he owns two units…one is Ocean View and one is Ocean Front…and in 12 out of 12 years, the Ocean View residence has outperformed the Ocean Front category residence in terms of net income. This Seller can provide 12 years of income history on both units! Residence 1614/1616 is perfect for a buyer who wants to spend less than 60-days per year in one of the finest 5-star beach front resort properties in the world, and receive institutional-quality income during the rest of the year. Owners are treated like royalty when “in residence”, and receive a long list of special and valuable privileges when they are on property! However, many owners own these units solely for the income. In the 12 months prior to the pandemic (February 2019 - January 2020), this residence produced $126,728 in NET operating income (after paying property taxes!). Based upon the $2,395,000 asking price, that’s an institutional quality 5.2% CAP rate, including a few weeks of owner use…and the Seller never lifted a finger to produce this income! As of December 19, 2020, this residence is the only available Ocean View category residence. Seller paid $2,430,000 for this unit in 2008! Income history available upon request. (The above information was provided by the Seller. Past financial performance is no guarantee of future financial performance.)
3445 Lower Honoapiilani, Lahaina, HI, 96761
Kaanapali Shores 920. Top floor location "C" Floor plan 1B/1B unit at Kaanapali Shores. Terrific ocean and mountain views from the living room and master bedroom. This unit features granite counter tops and custom cabinets as well as in room washer/dryer and central A/C. If you are looking for incredible location and value on Maui's West Side, chose the Aston Kaanapali Shores. This popular 10-acre condominium hotel boasts two swimming pools, two spa pools, saunas, fitness center and two tennis courts and a Pickle Ball Court. You can relax at the pool-side restaurant for breakfast, lunch or dinner. There are convenient gift shops, a food pantry store, and beauty salon located on the premises. World class location with high vacation rental possibilities. Lay back and make Kaanapali Shores your Hawaiian getaway! This property has a history of high rental occupancy and income for the owners who want to participant in vacation rentals. Maintenance fees include all utilities, e.g electric (central A/C), water, sewer, trash, wi-fi access, cable TV. local phone service, storm, flood & general liability insurance. The maintenance fees also include a monthly contribution to the Capital Reserve Fund for major components of the building, e.g. roofs, painting, pools, spa and other amenities.