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