Time-Interval
New
For Sale
$90,000
2481 Kaanapali Pkwy 1120/E, Lahaina, HI 96761
Annual two-week ownership includes a one-bedroom residence with a private washer and dryer.
Property Size901 SF
Price / SF$99.89
Days on Market7
Property Features for 2481 Kaanapali Pkwy 1120/E
General Information
Standard status
Active
Size
901 SF
Property subtype
Multi-Family
Building Details
Year Built
1975
Listing Agency:
Keith Eugene Paulsen
Listed By:
Debbie Rasar RS-62830
(808) 298-1225
Source:
The808team
Added: Sep 29
Last Checked: Oct 4 at 3:27PM
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 Keith Eugene Paulsen
Investment Insights
Based on property information with market context.
This 11th-floor, one-bedroom, one-bath condominium in Tower 1 measures 901 square feet. Interior features include a dual-sink vanity, dressing area, private washer and dryer, granite countertops, stainless steel appliances, and a glass walk-in shower. The time-interval ownership program provides use for two weeks each year.
The residence faces Black Rock, with views across the channel to Molokai and toward Kahana and the West Maui Mountains. The property is at 2481 Kaanapali Pkwy in Lahaina.
The residence faces Black Rock, with views across the channel to Molokai and toward Kahana and the West Maui Mountains. The property is at 2481 Kaanapali Pkwy in Lahaina.
Key Highlights
- 901‑square‑foot, one‑bedroom, one‑bath condominium
- 11th‑floor residence in Tower 1, facing Black Rock
- Annual time‑interval use for two weeks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,392
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$107,840
$107.8K
Cap Rate 7%
$77,029
$77.0K
Cap Rate 9%
$59,911
$59.9K
Market Conditions
NOI Build-Up for 901 SF
Gross rent
$18.9K $21.00/SF
− Vacancy
−$7.6K −$8.40/SF
EGI
$11.4K $12.60/SF
− OpEx
−$6.0K −$6.62/SF
NOI
$5.4K $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%
$107,840
Cap Rate 7%
$77,029
Cap Rate 9%
$59,911
Alternative Uses
Best Use
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 18.83%
Second Best
Hotel Hospitality
$77.0K
$67.4K – $89.9K
NOI $5,392 @ 7.0% cap · market cap 5.99%
Theoretical Best
Specialty Retail
$364.5K
$318.9K – $425.2K
NOI $25,514 @ 7.0% cap · market cap 28.35%
Zoning and permitted uses should be independently verified with authorities.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Annual two-week ownership includes a one-bedroom residence with a private washer and dryer.
Where is this short term rental property located?
The property is located at 2481 Kaanapali Pkwy 1120/E Lahaina, HI.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: 901‑square‑foot, one‑bedroom, one‑bath condominium; 11th‑floor residence in Tower 1, facing Black Rock; Annual time‑interval use for two weeks
