NAPILI RIDGE AN AFFORDABLE SLICE OF PARADISE
NAPILI – Located above Honokeana Cove and a short walk to crystal clear Napili Bay, THE NAPILI RIDGE offers affordable prices for a world-class location.
Prior to the development of the Kapalua Resort, Napili Ridge was originally built as “AFFORDABLE HOUSING” for the Kapalua Land employees. They were constructed in the early ’70s, thus making this modest residential condominium a first-time homebuyer 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, BBQ area, community laundry, and a FABULOUS LOCATION!!
Originally this was a leasehold property with a lease that expires in 2049. In 2009, the homeowners were successful in purchasing the lease, and now the majority of the units are Fee Simple. 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 four blocks from the 14th fairway of the world-famous Kapalua Bay Golf Course (as the crow flies).
You may purchase a one-bedroom unit as affordably as $275,000 (FS), and $175,000 (LH).
It’s still a good time to invest, as the market is still climbing!! If you are looking for great opportunities, you 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.