Top-Floor Resort
For Sale
$209,000
4603-1 Bay Dr, Lahaina, HI 96761
Fractional resort residence with ocean and Lanai views, dedicated concierge service, and access to on-site hospitality amenities.
Property Size2,065 SF
Price / SF$101.21
Days on Market833
Property Features for 4603-1 Bay Dr
General Information
Standard status
Active
Size
2,065 SF
Property subtype
Residential Income
Amenities
twice daily housekeeping
assigned concierge
in-residence dining
signature restaurant
kids programs
lagoon pools
Listing Agency:
Coldwell Banker Island Prop-KP
Listed By:
Chris Haigh RS-67890
(808) 283-5166
Source:
Exprealty
Added: Jun 25, 2024
Changed: Sep 13
Last Checked: Oct 4 at 6:22PM
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
Investment Insights
Based on property information with market context.
This top-floor resort residence offers three bedrooms, three full baths, and one half bath across 2,065 square feet. The ownership interest is deeded and fractional, with one-twelfth ownership providing 21 deeded days annually. The schedule includes two consecutive weeks during weeks 8 and 9, along with one floating week between late August and early October.
Residence owners receive twice-daily housekeeping and assigned concierge service during their stays. On-site amenities include in-residence dining, a signature restaurant, children’s programs, and lagoon pools. The residence also provides views toward the ocean and Lanai. Additional stay days may be obtained on a per diem basis, subject to availability and applicable arrangements.
Residence owners receive twice-daily housekeeping and assigned concierge service during their stays. On-site amenities include in-residence dining, a signature restaurant, children’s programs, and lagoon pools. The residence also provides views toward the ocean and Lanai. Additional stay days may be obtained on a per diem basis, subject to availability and applicable arrangements.
Key Highlights
- Deeded one‑twelfth fractional ownership interest
- 21 deeded days per year, including weeks 8 and 9 plus one floating week
- Top‑floor residence with 3 bedrooms, 3 1/2 baths, and 2,065 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,359
Cap Rate
5.91%
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 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$835.4K
$730.9K – $974.6K
NOI $58,475 @ 7.0% cap · market cap 27.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Resort - Fractional resort residence with ocean and Lanai views, dedicated concierge service, and access to on-site hospitality amenities.
Where is this resort located?
The property is located at 4603-1 Bay Dr Lahaina, HI.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Deeded one‑twelfth fractional ownership interest; 21 deeded days per year, including weeks 8 and 9 plus one floating week; Top‑floor residence with 3 bedrooms, 3 1/2 baths, and 2,065 SF
