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100 Nahea Kai Dr , #7116

Lahaina, HI 96761
  • $15,000
  • STATUS: Active
  • ON SITE: 313 Days
  • MLS #: 389564
Short Sale
UPDATED: 45 min ago
$15,000
  • 2
    BEDS
  • 10
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 600
    SQFT
  • $25
    $/SQFT
Neighborhood:
Type:
Shared Interest
Built:
2015
Area:
Land Tenure:
Fee Simple

School Ratings & Info

Listing courtesy of Timeshare Resales Hawaii.





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.

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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, 1995-2021, REALTORS® Association of Maui, Inc. All Rights Reserved. Data last updated: 2021-10-19T18:06:18.033.
www.cliffjordan.com/homes/112494254
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100 Nahea Kai Dr , #7116 Lahaina, HI 96761

  • Price: $15,000
  • Status: Active
  • Updated: 45 min ago
  • MLS #: 389564
2
Beds
3
Baths
0
½ Baths
10
Acres
600
SQFT
$25
$/SQFT
2015
Built
Neighborhood:
Kaanapali
Area:
Kaanapali
Property 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.
Exterior Features

Garage Yes Garage Spaces 1 Lanai Sq Ft Covered 150 Pool Yes Pool Description In-Ground View Mountain/Ocean Waterfront Oceanfront

Property Features

Complex Name Marriott Ocean Club Hoa Dues 0 Hoa Dues Frequency Annually Hoa Manager Marriott Land Tenure Fee Simple Maintenance Fee 2355.29 Nights Floating 7 Partial Ownership No Percent Ownership 2 Pets Allowed Yes Potential Short Sale Yes Property Type Fractional REO No Residential Condo Yes Short Term Rental Allowed Yes Taxes Monthly 0

Listing information © 2021 REALTORS® Association of Maui, Inc.
Listing provided courtesy of Timeshare Resales Hawaii.

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, 1995-2021, REALTORS® Association of Maui, Inc. All Rights Reserved. Data last updated: 2021-10-19T18:06:18.033.
 
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Coldwell Banker Island Properties
3750 Wailea Alanui Dr., Suite B-35
Kihei HI, 96753
Listing courtesy of Timeshare Resales Hawaii.