Fractional Resort
3604-1 Bay Dr, Lahaina, HI 96761
For Sale
$149,500
Two-bedroom ownership interest includes scheduled stays, resort services, and access to additional days based on availability.
Property Size1,776 SF
Price / SF$84.18
Days on Market1129
Property Features for 3604-1 Bay Dr
General Information
Standard status
Size
Property subtype
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: Oct 9, 2023
Changed: Nov 10
Last Checked: Nov 8 at 9:03AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This resort residence at 3604-1 Bay Dr offers 1,776 SF with two bedrooms and two-and-a-half baths. The ownership interest is deeded as a one-twelfth fractional share, providing 21 deeded days annually. Usage includes two consecutive fixed weeks in late March and early April, along with one rotating week scheduled between late August and early October.
Residence owners have access to twice-daily housekeeping, an assigned concierge, in-residence dining, a signature restaurant, children’s programs, and lagoon pools. Additional days may be obtained on a per diem basis. Future scheduled dates include March 21–April 4 and September 26–October 3 in 2026, followed by March 20–April 3 and October 2–October 9 in 2027.
Residence owners have access to twice-daily housekeeping, an assigned concierge, in-residence dining, a signature restaurant, children’s programs, and lagoon pools. Additional days may be obtained on a per diem basis. Future scheduled dates include March 21–April 4 and September 26–October 3 in 2026, followed by March 20–April 3 and October 2–October 9 in 2027.
Key Highlights
- 1,776 SF resort residence with 2 bedrooms and 2 1/2 baths
- Deeded 1/12 fractional ownership interest
- 21 deeded days each year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,629
Cap Rate
7.11%
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 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$718.4K
$628.6K – $838.2K
NOI $50,291 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Resort - Two-bedroom ownership interest includes scheduled stays, resort services, and access to additional days based on availability.
Where is this resort located?
The property is located at 3604-1 Bay Dr Lahaina, HI.
What is the asking price?
The asking price for this property is $149,500.
What are key features of this property?
This property features: 1,776 SF resort residence with 2 bedrooms and 2 1/2 baths; Deeded 1/12 fractional ownership interest; 21 deeded days each year
