THIS IS A DISTRESSED SALE. Current developer purchase price is reported to be $43,000. The Westin Nanea Ocean Resort Villas the perfect island retreat. Located on Ka’anapali Beach, this spacious one-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. 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 EVERY OTHER EVEN YEAR. THE PROPERTY IS ZONED AND APPROVED FOR NIGHTLY RENTALS. In 2019 the average rental rate for non-shoulder seasons was approximately $614/night for the one-bedroom unit. Past rental performance is no guarantee of future rental performance. 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 $1,822.94 per year.
Listings provided courtesy of the REALTORS® Association of Maui.
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