The Ritz Carlton Residences 1614-1616

$2,250,000

  • MLS® #: 380100 Monthly Maintenance Fees $3,259
  • 1 Ritz Carlton Dr 1614-1616
  • Kapalua, Hawaii 96761

The Ritz Carlton Residences 1614-1616

$2,250,000

  • MLS® #: 380100 Monthly Maintenance Fees $3,259
  • 1 Ritz Carlton Dr 1614-1616
  • Kapalua, Hawaii 96761
2 Beds
3 Baths
1,333 Sqft
$3,259 Monthly
Condominium
  • HOA Fees $3,259
  • HOA Fees Freq. Monthly
  • Monthly Maintenance Fees $3,259
  • Overview 2 Beds, 3 Bath, 1333 SQ. Feet, 28.04 Acres
  • Listing Type Condo / Townhouse
  • Office: Kapalua Realty Co Ltd

Ritz Carlton Residence 1614-1616 is a two bedroom three bath condominium, including a den and kitchen, with premium ocean views from every room. The air-conditioned space is 1333 square feet, plus an additional 317 square feet of lanai space. The property is fully furnished and maintained to Ritz Carlton's exacting standards and includes everything down to linens and kitchen utensils. The unit was completely updated with new finishes and all new furniture in late 2016 at a cost of $125,192. This condominium is in the Ritz Carlton Hotel rental program which allows owners up to 60 days of usage annually as a personal vacation home, with many exclusive benefits. The property generated Gross Revenues of $328,296 in the 12 months from August 1, 2017 to July 31, 2018 with approximately 30 days of owner usage. After paying splits to Ritz Carlton, all HOA dues, all Furniture Reserves, all utilities, all maid services, ALL other expenses (except property taxes and property insurance), net revenues to owner for this period were $108,873. This property is classified as Ocean View (the highest occupancy category) by the Ritz Carlton Hotel Rental program and as such generates good revenues. This is a fully turnkey property providing owners and guests with superb accommodations and world class services, within the splendor of Kapalua Resort with its unmatched Golf Courses, pristine beaches and scenic hiking. Contact listing agents for further details and a list owner of benefits.

Essential Information

MLS® #380100
Price$2,250,000
Bedrooms2
Bathrooms3.00
Square Footage1,333
Acres28.04
TypeCondo / Townhouse
Sub-TypeCondo
Land TenureFee Simple
StatusActive

Community Information

Address1 Ritz Carlton Dr 1614-1616
AreaKapalua
SubdivisionThe Ritz Carlton Residenc
Building NameThe Ritz Carlton Residences
CityKapalua
StateHawaii
Zip Code96761

Amenities

FeaturesExercise Room, Spa/Hot Tub
ViewOcean
Is WaterfrontYes
WaterfrontBeachFront
Has PoolYes
PoolIn-Ground

Utilities

Private Water, Underground Electricity

Interior

CoolingCentral AC

Additional Information

Date ListedOctober 3rd, 2018
Days on Market69
ZoningH-1 Hotel District, Urban
HOA Fees3259.00
HOA Fees Freq.Monthly
Monthly Maintenance Fees3259.00
Description Land TenureFee Simple

Listing Details

OfficeKapalua Realty Co Ltd

Kapalua Statistics

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Quick Details

This condominium is located at 1 Ritz Carlton Dr 1614-1616, , it is currently priced $2,250,000 . This Condo / Townhouse has 2 Bedrooms and 3.00 Bathrooms, totaling 1333 Square feet. Built in , this Condo / Townhouse is Active. Represented by Baldave Singh of Kapalua Realty Co Ltd, our team of Realtors can represent you at no additional cost.

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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.

Listings provided courtesy of the REALTORS® Association of Maui.

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.

Hawaii Real Estate News.