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Kung Hee Fat Choy 2015!

By Staff | Feb 12, 2015

Maui Eldorado C201 has an asking price of $275,000 leasehold.

Kung Hee Fat Choy!! Happy Year of the Ram. According to Pacific Business News, “Hawaii is the 10th most popular state in the U.S. with Chinese investors, who rank Honolulu, Kailua, Kapolei, Lahaina and Kapalua as their top five destinations to buy real estate, according to a new report by Juwai.com, an international real estate website for Chinese buyers.” If you are thinking of selling, it may be time to list your property up for sale? Today’s buyer is very discriminating; be sure to prepare your property for potential buyers.

Located in the heart of the Kaanapali Resort, Maui Eldorado Studio C201 is currently available for sale. A large furnished studio of approximately 590 square feet, this corner studio has a bright open feeling. There is a wraparound lanai of approximately 210 square feet that is perfect for outdoor living. Maui Eldorado is a low-rise condominium on 10.2 acres of land. There are two pools, BBQs, covered parking, lush grounds and ocean front access via an ocean front cabana. There is central air conditioning and washer/dryers in the units. There is a recreation area. Maui Eldorado has a very active vacation rental program onsite.

Maui Eldorado is leasehold. Most owners have purchased a 10 percent fee simple interest in the property. The seller is including the 10 percent fee simple with the sale of C201. The current lease rent is set at $388 per month until Dec. 31, 2018, and the lease does not expire until 2043. Maintenance fees on the studio are $910 per month and include electricity. For further information or to schedule a showing, please contact Joline Dorner, R(S), at (808) 276-9015 with Lowson & Associates. You may also check out the listing at www.Lowson.com (MLS #363836).

SCHOLARSHIP APPLICATION ALERT: Since 1989, the Realtors Association of Maui has awarded $478,000 in scholarships to Maui County students! This scholarship is open to all 2015 Maui County high school graduates and past recipients of the Realtors Presidential Scholarship. Applications must be received by Friday, Feb. 27, 2015. Students may pick up the applications at their high school guidance office.

For your real estate needs, please contact Laurie S. Lowson, Realtor (B), at Laurie@Lowson.com or (808) 276-8001.