Ocean-View Residential Income
216-p-2481 Kaanapali Pkwy, Lahaina, HI 96761
For Sale
Contact for pricing
Second-floor studio interval residence with a lanai, full kitchen, and access to resort amenities.
Property Size542 SF
Price / SF$50.74
Days on Market69
Property Features for 216-p-2481 Kaanapali Pkwy
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Amenities
ocean view pool
sauna
workout facility
underground parking
tennis courts
business hub
Beachside BBQs
on-site concierge services
beach activity kiosk
center courtyard
tropical landscaping
Koi fish pond
Listing Agency:
Keller Williams Realty Maui-L
Listed By:
Gina M. Parola RB-17055
(808) 870-2525
Source:
Exprealty
Added: Sep 3
Changed: Oct 26
Last Checked: Nov 10 at 12:03PM
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 Keller Williams Realty Maui-L
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Investment Insights
Based on property information with market context.
This second-floor studio interval residence at The Whaler includes one bathroom, a lanai with ocean views, hardwood cabinetry, granite countertops, stainless steel appliances, and a fully equipped kitchen. The offering provides annual use from July 24 through August 7 and includes linens and towels. The property is identified as hotel zoned in County records.
The Whaler is located at 216-p-2481 Kaanapali Pkwy in Lahaina, with access to the beach, pool, boardwalk, and beachside BBQ areas. On-site amenities include an ocean-view pool, sauna, upgraded fitness facility, underground parking, two tennis courts, a business center, concierge services, a beach activity kiosk, tropical landscaping, and a koi pond. Black Rock, shopping, dining, and championship golf courses are nearby.
The Whaler is located at 216-p-2481 Kaanapali Pkwy in Lahaina, with access to the beach, pool, boardwalk, and beachside BBQ areas. On-site amenities include an ocean-view pool, sauna, upgraded fitness facility, underground parking, two tennis courts, a business center, concierge services, a beach activity kiosk, tropical landscaping, and a koi pond. Black Rock, shopping, dining, and championship golf courses are nearby.
Key Highlights
- 542‑square‑foot studio with one bathroom
- Annual interval: July 24 to August 7
- Second‑floor location with ocean views from the lanai
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,195
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,900
$203.9K
Cap Rate 7%
$145,643
$145.6K
Cap Rate 9%
$113,278
$113.3K
Market Conditions
NOI Build-Up for 542 SF
Gross rent
$19.5K $36.00/SF
− Vacancy
−$976 −$1.80/SF
EGI
$18.5K $34.20/SF
− OpEx
−$8.3K −$15.39/SF
NOI
$10.2K $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%
$203,900
Cap Rate 7%
$145,643
Cap Rate 9%
$113,278
Alternative Uses
Best Use
Apartment 5plus
$145.6K
$127.4K – $169.9K
NOI $10,195 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$219.3K
$191.9K – $255.8K
NOI $15,348 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
$905,800
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Maui County, HI
Properties on Market for Residential income properties in Maui County
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor studio interval residence with a lanai, full kitchen, and access to resort amenities.
Where is this residential income property located?
The property is located at 216-p-2481 Kaanapali Pkwy Lahaina, HI.
What are key features of this property?
This property features: 542‑square‑foot studio with one bathroom; Annual interval: July 24 to August 7; Second‑floor location with ocean views from the lanai
