500 Bay Dr, Unit 15g123, Kapalua, HI

$2,950,000

2

Beds

3

Baths

1,529

Square feet

16.45

Acres

$ 2243.00

HOA Fee

About 500 Bay Dr, Unit 15g123

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 Seller’s 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 Maui’s finest dining and resort activities including snorkeling, hiking, golf, pickleball, tennis and Kapalua Zipline activities! Your Time Is Now.

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Facts & Features

MLS® # 400433
Sold Price $2,950,000
Listing Price $2,980,000
Bedrooms 2
Bathrooms 3.00
Square Footage 1,529
Acres 16.45
Year Built 1977
Type Residential
Sub-Type Condominium
Style Low-Rise 1-3 Stories
Status Closed

Community Information

Address 500 Bay Dr, Unit 15g123
Area Kapalua
Subdivision Kapalua Bay Villas
City Kapalua
Building Name Kapalua Bay Villas I
State HI
Zip Code 96761

Amenities

View Ocean
Is Waterfront No
Waterfront None
Has Pool Yes
Pool In Ground

Interior

Interior Features Ceiling Fan(s), Chandelier/Swag Lamp, Furnished, Kitchen Ware, TV Cable
Appliances Trash Compactor, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Fireplace No

Exterior

Exterior Features Tennis Court(s)
Windows Blinds
Foundation Concrete Slab

Additional Information

Date Listed December 4th, 2023
Date Sold February 26th, 2024
Days on Market 139
Short Sale No
RE / Bank Owned No
Monthly Maintenance Fees 2243.00

Listing Details

OfficeColdwell Banker Island Prop-KP
Office ContactCell: 808-344-2677

Listing Map

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