45 Kai Malina Pkwy 311381, Kaanapali, Hawaii

$26,500

2

Beds

2

Baths

600

Square feet

10.00

Acres

$ 2454.34

HOA Fee

About 45 Kai Malina Pkwy 311381

THIS IS A DISTRESSED SALE. The $26,500 List Price is far below the Developer's current sales price of $57,000+. 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 148,100 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 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. 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 $2,454.34 per year.

Facts & Features

MLS® # 389332
Price $26,500
Bedrooms 2
Bathrooms 2.00
Square Footage 600
Land Tenure Fee Simple
Acres 10.00
Year Built 2015
Type Fraction-Partial-Interval
Sub-Type Fractional
Status Active

Community Information

Address 45 Kai Malina Pkwy 311381
Area Kaanapali
City Kaanapali
Building Name Westin Nanea
State Hawaii
Zip Code 96761

Amenities

Parking Spaces 1
Garages Yes
View Mountain/Ocean
Is Waterfront Yes
Waterfront OceanFront
Has Pool Yes
Pool In-Ground

Interior

Cooling Central AC
Has Basement No

Additional Information

Date Listed November 18th, 2020
Days on Market 341
Short Sale Yes
RE / Bank Owned No
HOA Fees Freq. Annually
Monthly Maintenance Fees 2454.34

Listing Details

OfficeTimeshare Resales Hawaii

Listing Map

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