$26,500

45 Kai Malina Pkwy #311381

Lahaina HI, 96761

Description

THIS IS A DISTRESSED SALE. The $26,500 List Price is far below the Developer's current sales price of $57,000+. This will 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 lock-off unit for 7 nights each year. This ownership comes with 148,100 StarOptions points 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. 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 Westin Nanea Ocean Resort Villas 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. MAINTENANCE FEE AND TAXES: 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 for this property is $2,454.34 per year.

Details

MLS#389332
Listing TypeFor Sale
StyleHouse
Building NameWestin Nanea
Sub-TypeTime Share
StatusActive
Year2015
Days On Site10

Features

Bed(s)2
Bath(s) 2 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:
$26,500
low | high
Med:
$732,525
100% of Average
SqFt:
600
low | high
Med:
1,008
17.916666666667% of Average
$ / SqFt:
$44
low | high
Med:
$736
100% of Average
On Site:
10
low | high
Med:
43
23.255813953488% of Average
Listing Updated: November 27, 2020 8:03:47 PM PST
Sean L. Combs LogoMLS Number: 389332
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.