Penthouse Resort
For Sale
$239,000
1 Bay Dr Unit 4704, Lahaina, HI 96761
Two-bedroom fractional ownership includes annual reserved time and access to additional stays.
Property Size1,776 SF
Price / SF$134.57
Days on Market57
Property Features for 1 Bay Dr Unit 4704
General Information
Standard status
Active
Size
1,776 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 24
Changed: Oct 15
Last Checked: Oct 16 at 11:08AM
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 penthouse resort residence offers 1,776 square feet in a two-bedroom configuration with views toward Lanai. The ownership interest is deeded and fractional, providing 21 designated days each year. Reserved time includes two consecutive weeks in early August, identified as weeks 31 and 32, along with one floating week scheduled in January or around Thanksgiving.
Residence services include twice-daily housekeeping, concierge assistance, in-residence dining, a signature restaurant, children’s programs, and lagoon pools. The property was built in 2008 and is located at 1 Bay Dr Unit 4704 in Lahaina, Hawaii. The 2026 floating period is listed for January 24–31, with additional deeded dates available.
Residence services include twice-daily housekeeping, concierge assistance, in-residence dining, a signature restaurant, children’s programs, and lagoon pools. The property was built in 2008 and is located at 1 Bay Dr Unit 4704 in Lahaina, Hawaii. The 2026 floating period is listed for January 24–31, with additional deeded dates available.
Key Highlights
- Deeded one‑twelfth fractional ownership interest
- 1,776‑square‑foot penthouse with two bedrooms
- 21 deeded days available each year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,629
Cap Rate
4.45%
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 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$718.4K
$628.6K – $838.2K
NOI $50,291 @ 7.0% cap · market cap 21.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Two-bedroom fractional ownership includes annual reserved time and access to additional stays.
Where is this resort located?
The property is located at 1 Bay Dr Unit 4704 Lahaina, HI.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Deeded one‑twelfth fractional ownership interest; 1,776‑square‑foot penthouse with two bedrooms; 21 deeded days available each year
