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$2,250,000
1 Ritz Carlton 1614-1616
Lahaina, HI 96761
2 Beds   2 Baths
1,333 SqFt
28.0350 Acres
Townhome or Condo


Status:Active
Ritz carlton residence 1614-1616 is a two bedroom two bath condominium, including a den and kitchen, with premium ocean views from every room. The air-conditioned space is 1333 square feet, plus an additional 317 square feet of lanai space. The property is fully furnished and maintained to ritz carlton's exacting standards and includes everything down to linens and kitchen utensils. The unit was completely updated with new finishes and all new furniture in late 2016 at a cost of $125,192. This condominium is in the ritz carlton hotel rental program which allows owners up to 60 days of usage annually as a personal vacation home, with many exclusive benefits. The property generated gross revenues of $328,296 in the 12 months from august 1, 2017 to july 31, 2018 with approximately 30 days of owner usage. After paying splits to ritz carlton, all hoa dues, all furniture reserves, all utilities, all maid services, all other expenses (except property taxes and property insurance), net revenues to owner for this period were $108,873. This property is classified as ocean view (the highest occupancy category) by the ritz carlton hotel rental program and as such generates good revenues. This is a fully turnkey property providing owners and guests with superb accommodations and world class services, within the splendor of kapalua resort with its unmatched golf courses, pristine beaches and scenic hiking. Contact listing agents for further details and a list owner of benefits.
Basics
Property Type:   Townhome or Condo
Bedrooms:   2
Baths:   2
Living Space:   1,333 SqFt
Lot Acres:   28.0350 Acres
Neighborhood:   The Ritz Carlton Residences
Mls Area Code:   Kapalua
MLS#:   380100
Land Tenure:   Fee Simple
     
Home Features
Beach Front
Ocean View
Community Features
Spa
Swimming Pool
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Listing Broker: Kapalua Realty Co Ltd   
Co-Listing Agent: Courtney Brown    Co-Listing Office: Island Sotheby's Int'l Rlty(L)   

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, 1995-2014, REALTORS® Association of Maui, Inc. All Rights Reserved.
      
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