Three-Bedroom Resort
4401-1 Bay Dr, Lahaina, HI 96761
For Sale
$150,000
Pending
Fractional resort ownership includes scheduled annual use and access to additional days on a per diem basis.
Property Size2,065 SF
Days on Market794
Property Features for 4401-1 Bay Dr
General Information
Standard status
Size
Property subtype
Listing Agency:
Coldwell Banker Island Prop-KP
Listed By:
Chris Haigh RS-67890
(808) 283-5166
Source:
Exprealty
Added: Sep 8, 2024
Changed: Nov 1
Last Checked: Nov 8 at 6:30AM
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 2,065-square-foot resort residence offers three bedrooms and three and one-half baths within The Resort at Kapalua Bay. The northernmost fractional residence is positioned for views toward Lanai and the west Maui coastline extending toward Lahaina. Ownership is structured as a deeded one-twelfth interest, providing 21 deeded days each year along with the ability to request additional days on a per diem basis.
Annual use includes two consecutive fixed weeks in mid-April and one floating week scheduled between late August and early October. Resort services and amenities described for the residence include twice-daily housekeeping, concierge service, in-residence dining, a signature restaurant, lagoon pools, and children’s programs. The property is located at 4401-1 Bay Dr, Lahaina, HI.
Annual use includes two consecutive fixed weeks in mid-April and one floating week scheduled between late August and early October. Resort services and amenities described for the residence include twice-daily housekeeping, concierge service, in-residence dining, a signature restaurant, lagoon pools, and children’s programs. The property is located at 4401-1 Bay Dr, Lahaina, HI.
Key Highlights
- 2,065 SF residence with 3 bedrooms and 3 1/2 baths
- Deeded 1/12 fractional ownership interest
- 21 deeded days annually plus additional days available per diem
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,359
Cap Rate
8.24%
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 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$835.4K
$730.9K – $974.6K
NOI $58,475 @ 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 - Fractional resort ownership includes scheduled annual use and access to additional days on a per diem basis.
Where is this resort located?
The property is located at 4401-1 Bay Dr Lahaina, HI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,065 SF residence with 3 bedrooms and 3 1/2 baths; Deeded 1/12 fractional ownership interest; 21 deeded days annually plus additional days available per diem
