Oceanfront Short-Term Rental
For Sale
Contact for pricing
A308-3543 Lower Honoapiilani Rd, Lahaina, HI 96761
One-bedroom, one-bath interval with split-system air conditioning and access to resort pools, clubhouses, jacuzzis, and security.
Property Size597 SF
Price / SF$20.10
Days on Market93
Property Features for A308-3543 Lower Honoapiilani Rd
General Information
Standard status
Active
Size
597 SF
Property subtype
Residential Income
Zoning
A1 or A2
Amenities
pool
BBQ area
clubhouse
jacuzzi
putting green
on-site security
tropical landscaping
Koi fish ponds
Listing Agency:
Keller Williams Realty Maui-L
Listed By:
Katie Zimmerman RS-75832
(808) 280-8986
Source:
Exprealty
Added: Jul 19
Changed: Oct 3
Last Checked: Oct 19 at 8:02AM
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
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 597-square-foot short-term rental time interval occupies the third floor of Papakea Resort’s A building, identified as directly oceanfront. The one-bedroom, one-bath condominium includes a split air-conditioning system serving the entire unit. The interval is available from October 3, 2026 to October 17, 2026.
Resort amenities include two pool areas with BBQs, covered clubhouses, two large jacuzzis, a putting green, on-site security, tropical landscaping, and koi ponds. The property is located north of Kaanapali Beach, with shopping, beaches, and restaurants nearby. The condominium complex is in A1 or A2 zoning, and future short-term rental regulations may affect permitted use. The interior plumbing project began in June 2024, and the A building has been completed. Buyer due diligence is advised regarding future use and rental income.
Resort amenities include two pool areas with BBQs, covered clubhouses, two large jacuzzis, a putting green, on-site security, tropical landscaping, and koi ponds. The property is located north of Kaanapali Beach, with shopping, beaches, and restaurants nearby. The condominium complex is in A1 or A2 zoning, and future short-term rental regulations may affect permitted use. The interior plumbing project began in June 2024, and the A building has been completed. Buyer due diligence is advised regarding future use and rental income.
Key Highlights
- 597‑square‑foot, one‑bedroom, one‑bath time interval
- Oceanfront A building location on the third floor
- Use period runs from October 3, 2026 to October 17, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,230
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,600
$224.6K
Cap Rate 7%
$160,429
$160.4K
Cap Rate 9%
$124,778
$124.8K
Market Conditions
NOI Build-Up for 597 SF
Gross rent
$21.5K $36.00/SF
− Vacancy
−$1.1K −$1.80/SF
EGI
$20.4K $34.20/SF
− OpEx
−$9.2K −$15.39/SF
NOI
$11.2K $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%
$224,600
Cap Rate 7%
$160,429
Cap Rate 9%
$124,778
Alternative Uses
Best Use
Apartment 5plus
$160.4K
$140.4K – $187.2K
NOI $11,230 @ 7.0% cap · market cap 93.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$241.5K
$211.3K – $281.8K
NOI $16,905 @ 7.0% cap · market cap 140.88%
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, one-bath interval with split-system air conditioning and access to resort pools, clubhouses, jacuzzis, and security.
Where is this short term rental property located?
The property is located at A308-3543 Lower Honoapiilani Rd Lahaina, HI.
What are key features of this property?
This property features: 597‑square‑foot, one‑bedroom, one‑bath time interval; Oceanfront A building location on the third floor; Use period runs from October 3, 2026 to October 17, 2026
