Studio Residential Income
614-r-2481 Kaanapali Pkwy, Lahaina, HI 96761
For Sale
Contact for pricing
Interval ownership at The Whaler includes a private lanai with views toward Kaanapali Beach.
Property Size542 SF
Price / SF$51.66
Days on Market357
Property Features for 614-r-2481 Kaanapali Pkwy
General Information
Standard status
Size
Property subtype
Listing Agency:
Keith Eugene Paulsen
Listed By:
Debbie Rasar RS-62830
(808) 298-1225
Source:
Exprealty
Added: Nov 19, 2025
Changed: Nov 7
Last Checked: Nov 8 at 11:25AM
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
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Investment Insights
Based on property information with market context.
This studio interval ownership interest is located in Tower 1 at The Whaler, on the quieter north side of the property. The residence includes a private lanai positioned toward Kaanapali Beach, with views of the shoreline and sunset. Border foliage provides separation from nearby garden-view accommodations.
The interval runs from August 22 through September 5, covering a recurring late-summer stay. The interest can be paired with interval 361-S, which is also available, creating an overlapping transition night between the two stays. The Whaler staff assist owners and guests on site. Annual maintenance fees may be paid in two installments.
The interval runs from August 22 through September 5, covering a recurring late-summer stay. The interest can be paired with interval 361-S, which is also available, creating an overlapping transition night between the two stays. The Whaler staff assist owners and guests on site. Annual maintenance fees may be paid in two installments.
Key Highlights
- Studio interval ownership at The Whaler in Tower 1
- August 22 – September 5 annual interval
- Private lanai with views toward Kaanapali Beach
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
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 - Interval ownership at The Whaler includes a private lanai with views toward Kaanapali Beach.
Where is this residential income property located?
The property is located at 614-r-2481 Kaanapali Pkwy Lahaina, HI.
What are key features of this property?
This property features: Studio interval ownership at The Whaler in Tower 1; August 22 – September 5 annual interval; Private lanai with views toward Kaanapali Beach
