5315 Lower Honoapiilani Rd Unit E138, Lahaina, HI 96761

$699,000
1
BD
1
BA
602
SqFt

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List Price
$699,000
MLS#
409600
Status
ACTIVE
Type
Condo
Bedrooms
1
Bathrooms
1
Living Area
602
Land Tenure
Fee Simple
Neighborhood
Napili

Property Description

Welcome to Napili Shores E138, a hotel-zoned vacation rental resort just steps from Napili Bay. The H-1 zoning allows for short-term rentals, making this an exceptional investment or personal retreat. This unit participates in the Napili Shores Rental Pool, LLC, a unique 50-plus year partnership of units that operate together under common on-site management, pooling all revenues, expenses, and resources to function like a true hotel. On-site management covers all rental operations and expenses, offering members completely worry-free ownership with participation being optional. The private lanai overlooks lush tropical gardens, serene and private while remaining close to the pool. Split AC keeps the unit perfectly comfortable year-round. The seller has paid off all loans from the resort-wide drain line replacement project in full (a roughly $40,000 value). That savings transfers directly to you at closing. Sitting elevated above the shoreline, the property enjoys natural protection from coastal flooding and sea level concerns that affect many beachfront properties. Inside, enjoy a king-size bed, updated bathroom, and fully equipped kitchen. Napili Shores spans 6 acres with two pools including an oceanfront pool, a hot tub, and BBQ areas. There is a beach gear rental office and two restaurants on the property (including Maui's famous Gazebo). Step outside and Napili Bay is yours for snorkeling, swimming, breathtaking sunsets, and world-class whale watching in season. Turnkey ownership, hotel zoning, and one of Maui's most coveted bay addresses, this is West Maui done right.

Additional Information

Monthly Fee
1945.08
Pool
Yes
Year Built
1973
View
Garden
Frontage
Ocean
Sewer
Public Sewer

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Courtesy of eXp Realty, Scott Catton RS-85460.

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