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4141 Lei O Papa Rd , #6

Princeville, HI 96722
  • $260,000
  • STATUS: Closed
  • ON SITE: 629 Days
  • MLS #: 665534
Sold - 11/28/2023
$260,000
SOLD - 11/28/2023
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,761
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2002
Area:

School Ratings & Info

Description

Enjoy Affordable Fractional Ownership - Deeded fee simple ownership for Interval OCTOBER 15 to DECEMBER 14 every year. Can be paid off free and clear for similar amount as down payment on a similar condo. Located in Princevilles prestigious gated community of the Villas of Kamali'i, you will enjoy panoramic mountain views, heated swimming pool, spa and barbecue area, not to mention being minutes from some of the most beautiful beaches in the world. A 2021 Honda Pilot SUV, seating 8, is included in the ownership and the garage plus dedicated outdoor parking area makes for convenient ease of use. This beautifully furnished turnkey townhouse style condo sits overlooking the Makai Golf Course with great views and cool trade winds. While most units are surrounded by other buildings or busy roads, the entire side fronting the golf course gives a spacious, open feeling for this home. The upstairs bedroom even has mountain views. All costs for operating the condo are equally shared by the six fractional interval owners and include all utilities, internet, phone, TV, homeowners association dues, taxes, insurance, vehicle costs, and a reserve allowance for replacement of furniture, appliances, and vehicle. Cost savings from not having to rent a vehicle for 2 months each year compensate for a large part of each owners total annual costs. For 2023 each owners annual operating cost is billed quarterly at $1,500 plus a $200 reserve allowance. This cost comes out to approx. $113 per night which should be contrasted to vacation rentals of similar units of $500+ (plus taxes and fees) per night. This unit cannot be used as a vacation rental.

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© 2024 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawaii Life Real Estate Brokers. Data last updated: 2024-06-19T04:34:33.13.
www.searchhawaii.net/homes/133495453
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4141 Lei O Papa Rd , #6 Princeville, HI 96722

  • Price: $264,000
  • Status: Closed
  • On Site: 629 Days
  • Updated: 76 min ago
  • MLS #: 665534
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,761
SQFT
$0
$/SQFT
2002
Built
Neighborhood:
Princeville
Area:
Hanalei
Property Description
Enjoy Affordable Fractional Ownership - Deeded fee simple ownership for Interval OCTOBER 15 to DECEMBER 14 every year. Can be paid off free and clear for similar amount as down payment on a similar condo. Located in Princevilles prestigious gated community of the Villas of Kamali'i, you will enjoy panoramic mountain views, heated swimming pool, spa and barbecue area, not to mention being minutes from some of the most beautiful beaches in the world. A 2021 Honda Pilot SUV, seating 8, is included in the ownership and the garage plus dedicated outdoor parking area makes for convenient ease of use. This beautifully furnished turnkey townhouse style condo sits overlooking the Makai Golf Course with great views and cool trade winds. While most units are surrounded by other buildings or busy roads, the entire side fronting the golf course gives a spacious, open feeling for this home. The upstairs bedroom even has mountain views. All costs for operating the condo are equally shared by the six fractional interval owners and include all utilities, internet, phone, TV, homeowners association dues, taxes, insurance, vehicle costs, and a reserve allowance for replacement of furniture, appliances, and vehicle. Cost savings from not having to rent a vehicle for 2 months each year compensate for a large part of each owners total annual costs. For 2023 each owners annual operating cost is billed quarterly at $1,500 plus a $200 reserve allowance. This cost comes out to approx. $113 per night which should be contrasted to vacation rentals of similar units of $500+ (plus taxes and fees) per night. This unit cannot be used as a vacation rental.
Exterior Features

Land Tenure Fee Simple Ocean Front No Pool No Roads PrivatePaved

Interior Features

Appliances DisposalDishwasherMicrowaveRefrigeratorRange/Oven Floors Ceramic Tile

Property Features

Assessed Value 908000 Assessment Year 2022 Distressed Standard Sale Monthly Association Fees 0.00 Oceanfront Unit N Power Underground Project Name VILLAS OF KAMALII Property Type Condo Sewer Septic Solid Waste Disposal Included with Maintenance Fees Tax Key 454006001 Taxes 8762.00 Terms 1031 ExchangeCash Total Monthly Fees 916.00 Vehicle Parking CoveredAttached Water Private Zoning R-15

Listing information © 2024 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Steven D. Moody, Broker.


© 2024 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawaii Life Real Estate Brokers. Data last updated: 2024-06-19T04:34:33.13.
 
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Hawaii Life Real Estate Brokers
75-5919 Walua Road
Kailua Kona HI, 96740