Hotel Studio with Ocean
New
For Sale
Contact for pricing
461-u-2481 Kaanapali Pkwy, Lahaina, HI 96761
Annual occupancy is scheduled for September 30 through October 14, with hotel zoning and on-site amenities.
Property Size542 SF
Price / SF$45.57
Days on Market4
Property Features for 461-u-2481 Kaanapali Pkwy
General Information
Standard status
Active
Size
542 SF
Property subtype
Residential Income
Amenities
ocean view pool
workout facility
underground parking
tennis courts
business center
beachside BBQs
concierge services
beach activity kiosk
lush courtyard
Koi fish pond
Listing Agency:
Keller Williams Realty Maui-L
Listed By:
Katie Zimmerman RS-75832
(808) 280-8986
Source:
Exprealty
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:50PM
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 542-square-foot studio suite has one bathroom and sits on the south side of Tower II. Interior finishes include tile floors, hardwood cabinetry, granite countertops, and stainless steel appliances, with views toward Lanai and the Pacific Ocean. The annual occupancy period runs from September 30 to October 14.
The Whaler on Kaanapali Beach offers an ocean-view pool, fitness facility, tennis courts, underground parking, business center, beachside BBQs, concierge services, and a beach activity kiosk. The grounds include tropical landscaping and a koi pond. The property is in the heart of Kaanapali Beach, within a short distance of Black Rock, shopping, dining, and golf courses. Hotel zoning applies.
Annual maintenance fees cover property taxes, grounds, building and unit maintenance, reserves, and housekeeping; billing is divided between February and late summer or early fall.
The Whaler on Kaanapali Beach offers an ocean-view pool, fitness facility, tennis courts, underground parking, business center, beachside BBQs, concierge services, and a beach activity kiosk. The grounds include tropical landscaping and a koi pond. The property is in the heart of Kaanapali Beach, within a short distance of Black Rock, shopping, dining, and golf courses. Hotel zoning applies.
Annual maintenance fees cover property taxes, grounds, building and unit maintenance, reserves, and housekeeping; billing is divided between February and late summer or early fall.
Key Highlights
- 542‑square‑foot studio suite with one bathroom
- Annual occupancy period: September 30 to October 14
- Hotel zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,244
Suggested Prices Based on Cap Rates
Cap Rate 5%
$64,880
$64.9K
Cap Rate 7%
$46,343
$46.3K
Cap Rate 9%
$36,044
$36.0K
Market Conditions
NOI Build-Up for 542 SF
Gross rent
$11.4K $21.00/SF
− Vacancy
−$4.6K −$8.40/SF
EGI
$6.8K $12.60/SF
− OpEx
−$3.6K −$6.62/SF
NOI
$3.2K $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%
$64,880
Cap Rate 7%
$46,343
Cap Rate 9%
$36,044
Alternative Uses
Best Use
Hotel Hospitality
$46.3K
$40.6K – $54.1K
NOI $3,244 @ 7.0% cap · market cap 13.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$219.3K
$191.9K – $255.8K
NOI $15,348 @ 7.0% cap · market cap 62.14%
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?
Hotel - Annual occupancy is scheduled for September 30 through October 14, with hotel zoning and on-site amenities.
Where is this hotel located?
The property is located at 461-u-2481 Kaanapali Pkwy Lahaina, HI.
What are key features of this property?
This property features: 542‑square‑foot studio suite with one bathroom; Annual occupancy period: September 30 to October 14; Hotel zoning
