Napili Ridge — An affordable slice of paradise
NAPILI — Located above Honokeana Cove and a short walk to crystal clear Napili Bay, Napili Ridge offers affordable prices for a world-class location.
Prior to the development of Kapalua Resort, Napili Ridge was originally built as “affordable housing” for the Kapalua Land Employees. They were constructed in the early 1970s, thus making this modest residential condominium a first-time home buyer or West Maui investors’ dream come true.
This is a low-density, two-story property with 132 apartments. There are 88 one-bedroom/one-bath and 42 studio apartments. Amenities include a pool, barbecue area, community laundry and a FABULOUS LOCATION!!
Originally, this was a leasehold property with a lease that expires in 2049. In 2009, the homeowners successfully purchased the lease. Now, the majority of the units are fee simple, with the option of the remaining units converting.
Don’t know what this means? I am happy to go over the particulars with you and be of assistance in any way possible.
The views from most of the second story units are as spectacular as anything in Kapalua. As a matter of fact, the property is less than two blocks from the 14th fairway of the world-famous Kapalua Bay Golf Course.
You may purchase a one-bedroom unit as affordably as $250,000 (FS) and $160,000 (LH).
It’s officially 1998 again, and those looking for great opportunities should definitely consider this lovely spot in our part of paradise.
For information on this and any other properties, please feel free to contact me directly at (808) 276-6061.