$2,950,000
MORTGAGE CALCULATOR
Fee Simple LAND TENURE
2 BEDROOMS
3 BATHROOMS
Condo
CLASS
Kapalua Bay Villas
COMPLEX
500 Bay Dr Unit 15G123
PRICE: $2,980,000 Fee Simple
BEDROOMS: 2
BATHROOMS: 3
CLASS: Condo
COMPLEX: Kapalua Bay Villas
| MORTGAGE AMOUNT | $0 |
| DOWN PAYMENT AMOUNT | $447,000 |
| MONTHLY MORTGAGE PAYMENT | $0 |
| TOTAL MONTHLY PAYMENT | $0 |
Days on Market: 84
Status: SOLD
Closing Date: 02-26-2024
MLS#: 400433
Bedrooms: 2
Bathrooms: 3
Living Area: 1529
Floor Level: 1
Type: Condominium
Complex: Kapalua Bay Villas
HOA Fees(monthly): 2243
Minatoya List: Yes
Offer Price: $2,980,000
Sold Price: $2,950,000
Address: 500 Bay Dr Unit 15G123, Lahaina, HI 96761
MLS#: 400433
Vacation Rental: Yes
Bank Owned: No
Posting Date: 12-04-2023 10:58pm
Last Update: 02-26-2024 7:35pm
LISTING PROVIDED BY
Raymond S Chin RB-20642
808-344-2677
ray@raychin.com
www.RayChin.com
Coldwell Banker Island Prop-KP
808-875-7000
steve.baker@islandproperties.com
https://www.islandproperties.com
808-344-2677
ray@raychin.com
www.RayChin.com
Coldwell Banker Island Prop-KP
808-875-7000
steve.baker@islandproperties.com
https://www.islandproperties.com
PROPERTY DESCRIPTION
Rarely does a single-level, ground floor, fully renovated property become available for purchase. With all of the hard work done, all you need to do is bring your beach chairs. Kapalua Bay Villas 15G123 is a two-bedroom, three-bathroom unit spaciously spread across 1,529 sq. ft. of single-level living. Breathtaking ocean, sunset island views await you from this pristine tropical oasis. The property is perfect for an investor or for a 1031 exchange property. The unit has historically been a high-performance rental, with Q1 2024 projected gross rental revenue of $44k. A major renovation was completed in 2020. The extensive scope of work included custom Sapele wood cabinetry in kitchen, living room and bathrooms. All countertops in kitchen and bathrooms were upgraded to an exquisite blue fusion polished quartz and the kitchen was appointed with stainless steel GE appliances. In addition to new cabinetry, bathroom upgrades also included custom made LED lighted wall mirrors by Electric Mirror and stunning Spanish ceramic tile backsplashes by Porcelanosa. All windows and doors were replaced, including a new solid mahogany front door. Hunter Douglas plantation shutters were installed in both bedrooms to complement the existing room darkening woven wood shades. Electrical outlets and bulbs were replaced throughout the unit to maximize efficiency, and all ceiling fans were upgraded to Minka Aire Artemis ceiling fans. Last but certainly not least, the unit was fully repainted with incredible attention to detail. The property is sold furnished with the exception of Sellers personal possessions and all artwork. A substantial selection of artwork is available on a separate Bill of Sale and pairs beautifully with the unit. The 2020 renovation included the purchase of all new, island-influenced furnishings and artwork. Much of the artwork came from Maui Hands Gallery and was made by local Hawaiian artists. Kapalua Bay Villas is an oceanfront condominium community of 141 apartments in twenty-seven 1-story and 2-story buildings. The community is spread across 16.451 acres and offers pools tennis court. Beach front access to Kapalua Bay and Oneloa Bay is within walking distance from this oceanfront condominium community. The community allows transient vacation rentals. The Kapalua resort communities offers Mauis finest dining and resort activities including snorkeling, hiking, golf, pickleball, tennis and Kapalua Zipline activities! Your Time Is Now.
PRICE HISTORY
| Date | Days Ago | Event | Price | Status |
|---|---|---|---|---|
Last update: 7:35pm 2/26/2024
Disclaimer - 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.
