Oceanfront Residential Income
For Sale
$334,000
211-3823 Lower Honoapiilani Rd, Lahaina, HI 96761
Furnished island unit with pool and Pacific views in an oceanfront complex near shopping, dining, entertainment, and transit.
Property Size566 SF
Price / SF$590.11
Days on Market98
Property Features for 211-3823 Lower Honoapiilani Rd
General Information
Standard status
Active
Size
566 SF
Property subtype
Residential Income
Listing Agency:
MegaVega Properties LLC
Listed By:
Robin L. Vega RB-18883
(808) 264-4753
Source:
Exprealty
Added: Jul 1
Changed: Oct 4
Last Checked: Oct 5 at 8:14PM
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 MegaVega Properties LLC
Investment Insights
Based on property information with market context.
This 566-square-foot residential income property is a furnished 1-bedroom, 1-bathroom unit on the second floor of Hale Ono Loa. Interior features include tile flooring, stainless steel appliances, and granite countertops. The unit overlooks the complex pool and the Pacific Ocean, combining a practical layout with coastal views.
Hale Ono Loa is an oceanfront property in Honokowai, with shopping, dining, and entertainment nearby. A bus route at the property provides access to surrounding Maui destinations. Ownership is offered for either 3 or 6 months each year, with the available periods running from August 1 through October 31 or May 1 through October 31.
Hale Ono Loa is an oceanfront property in Honokowai, with shopping, dining, and entertainment nearby. A bus route at the property provides access to surrounding Maui destinations. Ownership is offered for either 3 or 6 months each year, with the available periods running from August 1 through October 31 or May 1 through October 31.
Key Highlights
- 566 SF 1‑bedroom, 1‑bathroom unit
- Second‑floor position with pool and Pacific Ocean views
- Furnished interior with tile floors, stainless steel appliances, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,646
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,920
$212.9K
Cap Rate 7%
$152,086
$152.1K
Cap Rate 9%
$118,289
$118.3K
Market Conditions
NOI Build-Up for 566 SF
Gross rent
$20.4K $36.00/SF
− Vacancy
−$1.0K −$1.80/SF
EGI
$19.4K $34.20/SF
− OpEx
−$8.7K −$15.39/SF
NOI
$10.6K $18.81/SF
Area
Maui County, HI
Vacancy
5.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,920
Cap Rate 7%
$152,086
Cap Rate 9%
$118,289
Alternative Uses
Best Use
Apartment 5plus
$152.1K
$133.1K – $177.4K
NOI $10,646 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$229.0K
$200.4K – $267.1K
NOI $16,028 @ 7.0% cap · market cap 4.80%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Furnished island unit with pool and Pacific views in an oceanfront complex near shopping, dining, entertainment, and transit.
Where is this residential income property located?
The property is located at 211-3823 Lower Honoapiilani Rd Lahaina, HI.
What is the asking price?
The asking price for this property is $334,000.
What are key features of this property?
This property features: 566 SF 1‑bedroom, 1‑bathroom unit; Second‑floor position with pool and Pacific Ocean views; Furnished interior with tile floors, stainless steel appliances, and granite countertops
