Sold

500 Bay Dr Unit: 15G123

Lahaina HI, 96761

$2,950,000


$1,929.37 per sqft

Sold

2 Beds

3 Baths

1,529 sqft

Condos

Built in 1977

Rarely does a single-level, ground floor, fully renovated property become available for purchase. With all of the hard work done, all you need to do is bring your beach chairs. Kapalua Bay Villas 15G123 is a two-bedroom, three-bathroom unit spaciously spread across 1,529 sq. ft. of single-level living. Breathtaking ocean, sunset & island views await you from this pristine tropical oasis. The property is perfect for an investor or for a 1031 exchange property. The unit has historically been a high-performance rental, with Q1 2024 projected gross rental revenue of $44k. A major renovation was completed in 2020. The extensive scope of work included custom Sapele wood cabinetry in kitchen, living room and bathrooms. All countertops in kitchen and bathrooms were upgraded to an exquisite blue fusion polished quartz and the kitchen was appointed with stainless steel GE appliances. In addition to new cabinetry, bathroom upgrades also included custom made LED lighted wall mirrors by Electric Mirror and stunning Spanish ceramic tile backsplashes by Porcelanosa. All windows and doors were replaced, including a new solid mahogany front door. Hunter Douglas plantation shutters were installed in both bedrooms to complement the existing room darkening woven wood shades. Electrical outlets and bulbs were replaced throughout the unit to maximize efficiency, and all ceiling fans were upgraded to Minka Aire Artemis ceiling fans. Last but certainly not least, the unit was fully repainted with incredible attention to detail. The property is sold furnished with the exception of Seller's personal possessions and all artwork. A substantial selection of artwork is available on a separate Bill of Sale and pairs beautifully with the unit. The 2020 renovation included the purchase of all new, island-influenced furnishings and artwork. Much of the artwork came from Maui Hands Gallery and was made by local Hawaiian artists. Kapalua Bay Villas is an oceanfront condominium community of 141 apartments in twenty-seven 1-story and 2-story buildings. The community is spread across 16.451 acres and offers pools & tennis court. Beach front access to Kapalua Bay and Oneloa Bay is within walking distance from this oceanfront condominium community. The community allows transient vacation rentals. The Kapalua resort communities offers Maui's finest dining and resort activities including snorkeling, hiking, golf, pickleball, tennis and Kapalua Zipline activities! Your Time Is Now.

400433

MLS ID

December 4, 2023

Listed

November 22, 2024

Updated

Map

500 Bay Dr Unit: 15G123
Lahaina HI, 96761

Interior Features

Bedrooms

2


Total Bathrooms

3


Interior Features

Ceiling Fan(s), Chandelier/Swag Lamp, Furnished, Kitchen Ware, TV Cable


Appliances

Trash Compactor, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

16.45 Acres


Exterior Features

Tennis Court(s)


Sewer

Public Sewer

Other Property Details

Area Name

Kapalua


Taxes

$19,212


Tax Frequency

Annually


Association Fee Frequency

Monthly


Garage

No


View

Yes


View Description

Ocean


Water Source

Private


Pool

Yes


Pool Features

In Ground

Listing History

Date

Event

Price

2/26/2024

Sold

$2,950,000

Courtesy of Coldwell Banker Island Prop-KP

Listing Contact: Cell: 808-344-2677 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Scott Jordan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 REALTORS Association of Maui, Inc. All rights reserved.

Data last updated 10:35 AM UTC, 11/22/2024

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