45 Kai Malina Pkwy 300313, Kaanapali

$9,700

1 Beds
1 Baths
600 Sqft
10 Acres
0 Garages

THIS IS A DISTRESSED SALE. The $9,700 List Price is far below the Developer's current sales price of $43,000+. This will 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 lock-off unit for 7 nights each year. This ownership comes with 110,000 StarOptions points 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. 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 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. 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.

Essential Information
MLS® #389322
Price$9,700
Bedrooms1
Bathrooms1.00
Square Footage600
Land TenureFee Simple
Acres10.00
Year Built2015
TypeFraction-Partial-Interval
Sub-TypeFractional
StatusActive
Community Information
Address45 Kai Malina Pkwy 300313
AreaKaanapali
StateHawaii
Zip Code96761
Amenities
Parking Spaces1
GaragesYes
ViewMountain/Ocean
Is WaterfrontYes
WaterfrontOceanFront
Has PoolYes
PoolIn-Ground
Interior
CoolingCentral AC
Additional Information
Date ListedNovember 18th, 2020
Days on Market12
Short SaleYes
HOA Fees Freq.Annually
Listing Details
OfficeBay Realty
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