Three-Bedroom Resort
For Sale
$150,000
1 Bay Dr Unit 4401, Lahaina, HI 96761
Deeded fractional interest includes annual fixed and floating stays with resort services and coastal views.
Property Size2,065 SF
Price / SF$72.64
Days on Market67
Property Features for 1 Bay Dr Unit 4401
General Information
Standard status
Active
Size
2,065 SF
Property subtype
Multi-Family
Amenities
twice daily housekeeping
assigned concierge
in-residence dining
signature restaurant
kids programs
lagoon pools
Building Details
Year Built
2008
Listing Agency:
Coldwell Banker Island Prop-KP
Listed By:
Chris Haigh RS-67890
(808) 283-5166
Source:
The808team
Added: Aug 14
Changed: Oct 14
Last Checked: Oct 7 at 3:41PM
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 2,065-square-foot resort residence offers three bedrooms and three-and-a-half baths within a fractional ownership structure. The deeded one-twelfth interest provides 21 deeded days annually, including two consecutive fixed weeks in mid-April and one floating week scheduled between late August and early October. The residence is identified as Unit 4401 and was built in 2008.
The property overlooks Lanai and the west Maui coastline toward Lahaina. Resort services include twice-daily housekeeping, an assigned concierge, in-residence dining, a signature restaurant, children’s programs, and lagoon pools. The ownership also allows access to additional days on a per diem basis, subject to availability and the applicable resort arrangements.
Upcoming deeded periods include April 4–25, 2026; April 3–17, 2027; and August 28–September 4, 2027.
The property overlooks Lanai and the west Maui coastline toward Lahaina. Resort services include twice-daily housekeeping, an assigned concierge, in-residence dining, a signature restaurant, children’s programs, and lagoon pools. The ownership also allows access to additional days on a per diem basis, subject to availability and the applicable resort arrangements.
Upcoming deeded periods include April 4–25, 2026; April 3–17, 2027; and August 28–September 4, 2027.
Key Highlights
- 2,065‑square‑foot residence with 3 bedrooms and 3 1/2 baths
- Deeded one‑twelfth fractional ownership interest
- 21 deeded days annually, including fixed and floating time periods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,359
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,180
$247.2K
Cap Rate 7%
$176,557
$176.6K
Cap Rate 9%
$137,322
$137.3K
Market Conditions
NOI Build-Up for 2,065 SF
Gross rent
$43.4K $21.00/SF
− Vacancy
−$17.3K −$8.40/SF
EGI
$26.0K $12.60/SF
− OpEx
−$13.7K −$6.62/SF
NOI
$12.4K $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%
$247,180
Cap Rate 7%
$176,557
Cap Rate 9%
$137,322
Alternative Uses
Best Use
Hotel Hospitality
$176.6K
$154.5K – $206.0K
NOI $12,359 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$835.4K
$730.9K – $974.6K
NOI $58,475 @ 7.0% cap · market cap 38.98%
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 interest includes annual fixed and floating stays with resort services and coastal views.
Where is this resort located?
The property is located at 1 Bay Dr Unit 4401 Lahaina, HI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,065‑square‑foot residence with 3 bedrooms and 3 1/2 baths; Deeded one‑twelfth fractional ownership interest; 21 deeded days annually, including fixed and floating time periods
