Lahaina, condo

#84578

$1.315.300-

In lahaina, a 2 bedroom condo is for sale.
Direct Ocean Front, 50 feet from the water. You can hear the ocean from any room. Best view in the two buildings, 19th stack. Trees.
$1,442,152 = true net cost for this A rated LH unit versus A rated,fs, unit, at $1,950,000 after cash flow savings. Lease expires 2048. In 100 months buyer saves $143,383 on the land lease, as it is $1,433/month less than principal and interest to buy it.
In 100 months buyer saves $136,465.00 principal and interest for this "A" rated unit, versus "go remodel one" lost rents. (7.25% x $200,000 cost of full remodel, amortized for 30 years =$1,364/month.) Total cash flow savings in 100 months = $279,848. Analysis: $142/MONTH FOR LAND LEASE VERSUS $1,575.83/MONTH AT 7.25% FOR FS PURCHASE, at $231,000 = $1,433.83/month savings for 100 months @ $6 MILLION/ACRE now VERSUS 2 MILLION/ACRE when association bought fee. Current appraised land value under appeal. Better view and ocean sound than $4,000,000 time share property under construction next door. All written offers considered.

Condo/Townhome/Coop Property, Area: Kaanapali, Subdivision: Kahana-Honokowai, Lot is 1418 sq. ft., Year Built: 1975, Four or more stories, Swimming pool(s), Den, Laundry room
Condo/Townhome/Coop Property. Area: Kaanapali. Subdivision: Kahana-Honokowai. Year Built: 1975. 2 total bedroom(s). 2 total bath(s). Approximately 1418 sq. ft..
Four or more stories. Family room. Den. Laundry room. Swimming pool(s). Interior features: Clothes dryer, Dishwasher, Disposal, Eat-in kitchen, Furnished, Laundry rm/area, Tile flrs, Vinyl flrs. Community recreation facilities.
Community tennis court(s). Approximate lot is 0.031. Lot is 1418 sq. ft.. Elementary School: King Kamehameha III Elementary. Middle School: Lahaina Intermediate. High School: Lahainaluna High.


ZIP code: 96761

rooms: 2 bathrooms: 2

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		Please contact us by phone at: Nathalie C Mullinix (808) 261-0350 or click on the request showing link.