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 apartments, and converted to condominiums the next year. They were constructed in the early 1970s, thus making this modest residential condominium a first-time homebuyer or West Maui Investor’s dream come true.
This is a low-density two-story property with 132 apartments. There are 88 1/1 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, 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 (as the crow flies).
You may purchase a one-bedroom unit as affordably as $350,000 (FS) and $185,000 (LH).
This spectacular property has undergone huge renovations in the past two years. They include new water pipes, painting and stuccoing, new rock walls, drainage and plantings. The rear bedroom windows have been replaced as well.
Approximately 50 of the 132 units are currently renting on short-term basis, and the remaining units are either long-term renters or owner-occupied.
FOR INFORMATION ON THIS AND ANY OTHER PROPERTIES, PLEASE FEEL FREE TO CONTACT ME DIRECTLY AT (808) 276-6061.