Short-Term Rental Suite with
For Sale
$83,000
620h-2481 Kaanapali Pkwy, Lahaina, HI 96761
One-bedroom interval suite with granite finishes, stainless steel appliances, and access to extensive resort amenities.
Property Size901 SF
Price / SF$92.12
Days on Market151
Property Features for 620h-2481 Kaanapali Pkwy
General Information
Standard status
Active
Size
901 SF
Property subtype
Residential Income
Zoning
hotel
Amenities
ocean view pool
workout facility
underground parking
tennis courts
business center
Beachside BBQs
on-site concierge services
beach activity kiosk
courtyard
Koi fish pond
Listing Agency:
Keller Williams Realty Maui-L
Listed By:
Katie Zimmerman RS-75832
(808) 280-8986
Source:
Exprealty
Added: May 19
Changed: Oct 1
Last Checked: Oct 16 at 1:23PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Whaler Time Interval 620H provides occupancy from April 5 through April 19 in a one-bedroom, one-bathroom suite at The Whaler. Unit 620 includes tile flooring, hardwood cabinetry, granite countertops, stainless steel appliances, and a lanai with views toward Molokai. The property is zoned hotel.
Resort amenities include an ocean-view pool, fitness facility, tennis courts, underground parking, business center, beachside BBQs, concierge services, and a beach activity kiosk. Tropical landscaping, a koi pond, and access to the Kaanapali Beach walk are also part of the property setting. The Whaler is near Black Rock, shopping and dining, and championship golf courses. Annual maintenance fees cover property taxes, grounds and building maintenance, unit maintenance, reserve funding, and housekeeping.
Resort amenities include an ocean-view pool, fitness facility, tennis courts, underground parking, business center, beachside BBQs, concierge services, and a beach activity kiosk. Tropical landscaping, a koi pond, and access to the Kaanapali Beach walk are also part of the property setting. The Whaler is near Black Rock, shopping and dining, and championship golf courses. Annual maintenance fees cover property taxes, grounds and building maintenance, unit maintenance, reserve funding, and housekeeping.
Key Highlights
- April 5 to April 19 occupancy period for Whaler Time Interval 620H
- Unit 620 is a 1 bedroom, 1 bathroom suite with a lanai and views toward Molokai
- Tile flooring, hardwood cabinetry, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,392
Cap Rate
6.50%
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 20.42%
Second Best
Hotel Hospitality
$77.0K
$67.4K – $89.9K
NOI $5,392 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$364.5K
$318.9K – $425.2K
NOI $25,514 @ 7.0% cap · market cap 30.74%
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - One-bedroom interval suite with granite finishes, stainless steel appliances, and access to extensive resort amenities.
Where is this short term rental property located?
The property is located at 620h-2481 Kaanapali Pkwy Lahaina, HI.
What is the asking price?
The asking price for this property is $83,000.
What are key features of this property?
This property features: April 5 to April 19 occupancy period for Whaler Time Interval 620H; Unit 620 is a 1 bedroom, 1 bathroom suite with a lanai and views toward Molokai; Tile flooring, hardwood cabinetry, granite countertops, and stainless steel appliances
