Kapalua Bay Villas: An investment opportunity
KAPALUA – With direct frontage to beautiful Oneloa Bay in Kapalua, it is no wonder that so many guests return year after year to the Kapalua Bay Villas. Being located within walking distance to world-class restaurants, the Kapalua Spa and the Bay Golf Course makes this property an obvious choice for a dream vacation!
While several areas in Kapalua have seen their inventory reduce, for those buyers that desire a direct oceanfront condominium, the Bay Villas still offer many options, ranging from a one-bedroom unit listed for $660,000 to a two-bedroom unit listed for $2,195,000. The price difference is determined by ocean views, proximity and access to the ocean, interior dcor and size of the living space.
Turnkey units are particularly targeted by investors looking for rental income properties, since this is the only direct oceanfront condominium property in Kapalua where vacation rentals are allowed. For those relocating to Maui or wanting to simplify their lifestyle, Kapalua Bay Villas is a must-see with its spacious and diverse floor plans: one-bedroom units are over 980 square feet (this is the size of a three-bedroom unit at The Villas at Kahana Ridge), and two-bedroom units start at 1,500 square feet.
Historically, prices at Kapalua Bay Villas dropped significantly from $2.4 million, the all-time high for a two-bedroom/three-bath unit in 2005. The highest recorded price for a one-bedroom unit was $1,875,000 in 2008. Today’s prices are closer to 2003-04 levels.
Maui Estates International is proudly listing some of the most beautiful two-bedroom units at Kapalua Bay Villas.
Unit 24G345 has one of the best locations in the complex, with uninterrupted ocean views and easy access to the bay. With two full suites, a spacious living room and fully equipped kitchen, this unit can easily accommodate and entertain. This unit is currently listed at $1,895,000.
Unit 31G345 has been recently upgraded and remodeled with granite countertop, ceramic tile, hardwood cabinetry, stainless steel appliances, recessed lighting and built-in speakers. It is listed at $1,539,000. This unit is in a successful rental program and will be available to view, upon availability.
For more information regarding Kapalua Bay Villas or any other properties in Kapalua, please contact Mihaela Stoops, Realtor Broker with Maui Estates International. Mihaela Stoops can be reached at (808) 357-4000 or “mailto:firstname.lastname@example.org”>email@example.com.