Two-Bedroom Resort
1 Bay Dr Unit 3504, Lahaina, HI 96761
For Sale
$179,500
Deeded fractional ownership combines scheduled stays with ocean-facing resort amenities.
Property Size1,776 SF
Price / SF$101.07
Days on Market54
Property Features for 1 Bay Dr Unit 3504
General Information
Standard status
Size
Property subtype
Amenities
kitchen
laundry room
lanai with panoramic ocean views
direct elevator access
twice daily housekeeping
complimentary storage
Building Details
Year Built
Listing Agency:
Coldwell Banker Island Prop-KP
Listed By:
Chris Haigh RS-67890
(808) 283-5166
Source:
The808team
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Island Prop-KP
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Investment Insights
Based on property information with market context.
This 1,776 SF resort residence at The Resort at Kapalua Bay was built in 2008 and features two bedrooms, each with an en suite master bathroom, plus an additional half bath. The floor plan includes a complete kitchen, laundry room, direct elevator access, and a large lanai oriented toward panoramic ocean views. Twice-daily housekeeping, complimentary storage, and valet parking are included amenities.
The deeded one-twelfth fractional interest provides 21 deeded days each year. Fixed occupancy includes two consecutive weeks during late June or early July, identified as weeks 25 and 26, along with one float week covering specified winter or Thanksgiving periods. Owners may move weeks during the year and may access additional days on a per diem basis. Future deeded dates include June 20–July 4, 2026, and January 9–16 plus June 19–July 3, 2027.
The deeded one-twelfth fractional interest provides 21 deeded days each year. Fixed occupancy includes two consecutive weeks during late June or early July, identified as weeks 25 and 26, along with one float week covering specified winter or Thanksgiving periods. Owners may move weeks during the year and may access additional days on a per diem basis. Future deeded dates include June 20–July 4, 2026, and January 9–16 plus June 19–July 3, 2027.
Key Highlights
- 1,776 SF resort residence built in 2008
- Two bedrooms with separate en suite master bathrooms, plus a half bath
- Large lanai with panoramic ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,629
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,580
$212.6K
Cap Rate 7%
$151,843
$151.8K
Cap Rate 9%
$118,100
$118.1K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$37.3K $21.00/SF
− Vacancy
−$14.9K −$8.40/SF
EGI
$22.4K $12.60/SF
− OpEx
−$11.7K −$6.62/SF
NOI
$10.6K $5.98/SF
Area
Maui County, HI
Vacancy
40.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,580
Cap Rate 7%
$151,843
Cap Rate 9%
$118,100
Alternative Uses
Best Use
Hotel Hospitality
$151.8K
$132.9K – $177.2K
NOI $10,629 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$718.4K
$628.6K – $838.2K
NOI $50,291 @ 7.0% cap · market cap 28.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 96761, HI
23,167
Population
11,851
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
95.3 sq mi
ZIP Area
243
Density / Sq Mi
$94,229
Median Household Income
$45,107
Median Earnings
$2,099
Median Rent
$905,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Resort - Deeded fractional ownership combines scheduled stays with ocean-facing resort amenities.
Where is this resort located?
The property is located at 1 Bay Dr Unit 3504 Lahaina, HI.
What is the asking price?
The asking price for this property is $179,500.
What are key features of this property?
This property features: 1,776 SF resort residence built in 2008; Two bedrooms with separate en suite master bathrooms, plus a half bath; Large lanai with panoramic ocean views
