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«MLS# 389564 - Potential Short Sale
Marriott Maui Ocean Club   7116
»
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MOTIVATED SELLER! The $15,000 List Price is far below the Developer's current sales price of $57,000 . This may be a multiple offer situation. THIS IS A FRACTIONAL OWNERSHIP PROPERTY. Owners receive a fee-simple undivided interest in a condominium with use rights for the one-bedroom one-bath unit for 7 nights per year. This ownership comes with ClubPoints which can be used to reserve other units, outside their deeded season, residence type and home resort. THE PROPERTY IS ZONED AND APPROVED FOR NIGHTLY RENTALS. The nightly rental rates at the Marriott Maui Ocean Club vary by time of year. In 2019 the average rental rate for non-shoulder seasons was approximately $915/night for the two- bedroom, or $614/night for the one-bedroom unit. The studio was over $350/night. Past rental performance is no guarantee of future revenue. The Marriott Maui Ocean Club is the perfect island retreat. Located on Ka’anapali Beach, this spacious two-bedroom villa includes private lanais, full-sized kitchen, washers and dryer, generous living and dining room areas, and complimentary Wi-Fi. The beachfront resort includes on site amenities including multiple pools, spa, tennis, restaurant, gym, full concierge, security, spa and other services. PAYMENT IS MADE VIA CREDIT CARD OR PAYPAL. Due to the extremely low price, payment is accepted via Credit Card or PayPal. Financial may be available to buyers through outside sources such as personal loans or low-interest credit cards. Seller does not provide any financing options. The Maintenance Fee includes all property taxes, HOA fees, Common area fees, maintenance fees, housekeeping and a reserve to upgrade all furniture and fixtures and appliances at regular intervals, typically every 5 years. Maintenance fees are due on January 1 of each year. The total maintenance fee due is $2355.29 per year. Some buyers purchase these for their personal use, as the purchase price is about the same as renting 2 weeks. Other buyers find this an affordable way to add to their commercial rental portfolio with significantly above-market rental returns. It is rare to be able to purchase an ocean-front property in Maui. This is your chance. *Disclaimers: Prices quoted are deemed accurate, but may fluctuate according to developer marketing strategies, individual sales, or changes in developer and resale market conditions. Past rental performance is no guarantee of future revenue.
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Property Stats
Price:$15,000 Fee Simple
List Date: November 20, 2020 (DOM:97)
Type: Fractional
Status: ACTIVE
District: Kaanapali 
Building: Marriott Maui Ocean Club
Unit: 7116 
Address: 100 Nahea Kai Dr
Bed(s):
Bath: 3.00 
Living Area: 600 SF
Land Area: 10 Acres
View: Mountain/Ocean 
WaterFront: OceanFront 
Maintenance Fee: $2355.29 
Pool: Yes 
Residential Condo: Yes 
Potential Short Sale: Yes 
Maui County Tax Info
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«MLS# 389564 - Potential Short Sale
Marriott Maui Ocean Club   7116
»
This property is listed by Bay Realty
Michele M White R(S) may represent you as Buyer's Representative.
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, 1995-2021, REALTORS® Association of Maui, Inc. All Rights Reserved.


   

 

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