$15,000

100 Nahea Kai Dr #7116

Lahaina HI, 96761

Description

MOTIVATED SELLER! The $15,000 List Price is far below the Developer's current sales price of $57,000+. This may be a multiple offer situation. THIS IS A FRACTIONAL OWNERSHIP PROPERTY. Owners receive a fee-simple undivided interest in a condominium with use rights for the one-bedroom one-bath unit for 7 nights per year. This ownership comes with ClubPoints which can be used to reserve other units, outside their deeded season, residence type and home resort. THE PROPERTY IS ZONED AND APPROVED FOR NIGHTLY RENTALS. The nightly rental rates at the Marriott Maui Ocean Club vary by time of year. In 2019 the average rental rate for non-shoulder seasons was approximately $915/night for the two- bedroom, or $614/night for the one-bedroom unit. The studio was over $350/night. Past rental performance is no guarantee of future revenue. The Marriott Maui Ocean Club is the perfect island retreat. Located on Kaanapali Beach, this spacious two-bedroom villa includes private lanais, full-sized kitchen, washers and dryer, generous living and dining room areas, and complimentary Wi-Fi. The beachfront resort includes on site amenities including multiple pools, spa, tennis, restaurant, gym, full concierge, security, spa and other services. PAYMENT IS MADE VIA CREDIT CARD OR PAYPAL. Due to the extremely low price, payment is accepted via Credit Card or PayPal. Financial may be available to buyers through outside sources such as personal loans or low-interest credit cards. Seller does not provide any financing options. The Maintenance Fee includes all property taxes, HOA fees, Common area fees, maintenance fees, housekeeping and a reserve to upgrade all furniture and fixtures and appliances at regular intervals, typically every 5 years. Maintenance fees are due on January 1 of each year. The total maintenance fee due is $2355.29 per year. Some buyers purchase these for their personal use, as the purchase price is about the same as renting 2 weeks. Other buyers find this an affordable way to add to their commercial rental portfolio with significantly above-market rental returns. It is rare to be able to purchase an ocean-front property in Maui. This is your chance. *Disclaimers: Prices quoted are deemed accurate, but may fluctuate according to developer marketing strategies, individual sales, or changes in developer and resale market conditions. Past rental performance is no guarantee of future revenue.

Details

MLS#389564
Listing TypeFor Sale
StyleHouse
Building NameMarriott Maui Ocean Club
Sub-TypeTime Share
StatusActive
Year2015
Days On Site48

Features

Bed(s)2
Bath(s) 3 Total
SQ Feet600
Garage1
PoolYes
Acreage10.00
Water FrontYes
Property ViewYes

Market Activity 96761

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Area Information
StateHI
CityLahaina
Zip Code96761
AreaKaanapali
Listing VS Median (in 96761)
Price:
$15,000
low | high
Med:
$739,000
100% of Average
SqFt:
600
low | high
Med:
1,545
100% of Average
$ / SqFt:
$25
low | high
Med:
$478
100% of Average
On Site:
48
low | high
Med:
165
29.090909090909% of Average
Listing Updated: January 25, 2021 8:03:45 PM PST
Sean L. Combs LogoMLS Number: 389564
Listing Provided By:
Sean L. Combs  of  Bay Realty

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Realtors Association of Maui MLS.