4521 Lower Honoapiilani Unit 4A1, Lahaina, HI 96761

$989,500
3
BD
3
BA
1,448
SqFt
List Price
$989,500
Lease Price
1134
Days on Market
12
MLS#
384179
Status
ACTIVE
Type
Condo
Building
Kahana Outrigger
Bedrooms
3
Bathrooms
3
Living Area
1,448
Land Area
50,965
Land Tenure
Leasehold
Neighborhood
Kahana
Year Built
1981

Property Description

The crystal clear Pacific Ocean lapping on the shore, and outer-island views, are your first sensory delight as you walk through the front door of this lovely tropical retreat. The sellers have taken great care in the Décor and care of their Maui home. It is tiled throughout, enhanced with quality cabinetry, granite counters in the kitchen, beautiful vaulted tongue and also feature tongue and groove cedar ceilings in the bedrooms and living area. There are skylights in some of the bathrooms, each bedroom has its own En- Suite bath. The sellers have enjoyed a high occupancy, and wonderful income for years. Located on one of the most beautiful coves in Kahana, this low density, Direct Ocean-Fronting Resort is quite sought after, as there are only 16 units placed on 1.168 acres. Legal Vacation Rentals makes this tropical destination a wonderful place to visit, while offsetting your costs with wonderful income potential. There are only 3-bedroom units on site. Half of them have 2 baths, and the remaining 8 units have 3 baths. The wooden buildings are two stories, with 4 units per building. At this time the association is completely renovating the property by replacing the roofs, sky lights, and all of the cement board on the exterior of the buildings. Construction on building 1 has been completed, and work is being done on building 3 at this time. The pool areas and the grounds are impeccable, and are enhanced by the phenomenal Ocean Views, with a back drop of the Magical Islands of Lanai and Molokai. This is one of the best Leasehold properties in West Maui. The lease is in place until 2071, and currently, the association has purchased 20% of the fee interest from the land owners. There are very few 3 bedroom 3 bath ocean-fronting, vacation rental properties in West Maui. You must see Kahana Outrigger to appreciate it!! Income figures for 2018 and projected 2019 attached under documents.

Additional Information

Monthly Maint Fee
1916
Short Term Rental Allowed
Yes
Pool Description
In-Ground
View
Ocean
Water Front
OceanFront

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Sakamoto Properties Limited.

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.