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KAHANA OUTRIGGER

September 12, 2019
BY ELIZABETH R. QUAYLE • Sakamoto Properties Ltd. , Lahaina News

KAHANA - Located on one of the most beautiful coves in Kahana, this low-density, Direct Ocean-Fronting Resort is quite sought-after, as there are only 16 units placed on 1.168 acres.

Legal Vacation Rentals make this tropical destination a wonderful place to visit, while offsetting your costs with wonderful income potential.

There are only three-bedroom units on-site. Half of them have two baths, and the remaining eight units have three baths.

Article Photos

Kahana Outrigger features impeccable pool areas and grounds, and spectacular ocean views.

The four wooden buildings are two stories, with four units per building. At this time, the association is completely renovating the property by replacing the roofs, skylights and all of the cement board on the exterior of the buildings.

Building 2 has been completed, and work is being done on Building 3 at this time.

The pool areas and the grounds are impeccable, and are enhanced by the phenomenal Ocean Views, draped with a backdrop of the Magical Islands of Lanai and Molokai.

This is one of the two best Leasehold properties in West Maui. The lease is in place until 2051, and currently, the association has purchased 20 percent of the fee interest from the landowners.

What does that mean? At the end of the term of the lease, the buildings can't be removed, as the association owns a portion of the land and improvements. The lease is renegotiated every ten years, at which time it goes up 30 percent. Next re-negotiation is in 2021.

We are proud to announce our new Lower Level three-bed/three-bath unit 4A1, which has come on the market for $989,500 (Leasehold).

The sellers have taken great care in the decor and care of their Maui home. It is tiled throughout, granite counters in the kitchen, with Koa accents on the cabinets, beautiful tongue and groove cedar ceiling in the living area, and each bedroom has its own En-Suite bath.

The sellers have Self-Managed their unit and enjoyed a high occupancy and wonderful income for many years.

There is an assessment in place for the construction of the project, and these sellers are willing to pay that off at the successful conclusion of escrow to benefit the buyers.

They have replaced the cast iron pipes for the unit above theirs, as well as their own.

This is a Must-See Property, which is seldom available to show due to the high occupancy.

Questions???? Don't hesitate to ask.

Come to Kahana Outrigger, where your three-bedroom dream unit awaits you!!

 
 

 

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