3543 Lower Honoapiilani Rd Unit E 109, Lahaina, HI 96761

$499,000
1
BD
1
BA
597
SqFt
List Price
$499,000
Price Change
▼ $70,000 1707871608
MLS#
401056
Days on Market
21
Status
ACTIVE
Type
Condo
Building
Papakea Resort I Ii
Bedrooms
1
Bathrooms
1
Living Area
597
Land Area Sq. Ft.
535,047
Acreage Area
12.283
Land Tenure
Leasehold-FA
Neighborhood
Honokowai

Property Description

Clean and comfortable ground floor leasehold one-bedroom, just steps away beach and pool. Tenant under contract through end of February. Seller has applied for MAUI WILDFIRES 6-MONTH LONG-TERM RENTAL EXEMPTION. Upcoming improvements to the property include an INTERIOR RENOVATION PROJECT, which is scheduled to begin in June 2024 and is currently expected within E-109 sometime between April 2025 and May 2025. Please see Associated Docs. Buyer to cooperate with seller’s 1031 exchange. Current maintenance fee includes the water, sewer, trash, basic cable WIFI, phone, building insurance, landscaping, care of pools, and a reserve. This is a leasehold unit and the Leased Fee interest is currently available to purchase for $500,000 from Medusky & Co., Inc. Profit Sharing Plan, if sale closes by May 31, 2024 and would close simultaneously with the purchase of the leasehold interest, if desired. Unit has a Split-System AC.

Additional Information

Monthly Maint Fee
$1238.11
Lease Price
667
Expire Date Lease
2041-01-31
Reneg Date
2031-02-01
View
Garden
Land Area Sq. Ft.
535,047
Acreage Area
12.283
Frontage
Ocean
Unit
E 109
District
Napili/Kahana/Honokowai
Pool
Yes

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of A Million Or More Corp.

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.

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