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Luxury Maui Real Estate Condos – Kapalua Edition

Posted by benjamen.harper@gmail.com on March 22, 2021
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1 Bay Dr # 2101

$8,500,000

Welcome home to oceanfront resort living at it’s finest. This spectacular 4-bedroom, 4.5 Bathroom residence offers a prime front row location and unobstructed views of Maui’s world famous sunsets all year round. Never before offered for sale, the Montage Presidential Suite is one of the finest residences in the resort and offers over 4,000 sf of interior living space including 4 spacious bedrooms, private office, separate dining room, and an expansive great room that connects seamlessly with a private outdoor lanai complete with outdoor kitchen and ample room for outdoor dining. Located on the garden level, this home is perfect for entertaining and ideal for families with direct access to the great lawn and all of the resort amenities.

1 Bay Dr # 5304

$5,600,000

Welcome home to Residence 5304. This breathtaking corner location with additional windows throughout brings in the incredible natural lighting throughout the day. Enjoy the sweeping views from the West Maui Mountains to the Pacific Ocean with the island of Lanai on the horizon. This residence is loaded with upgrades including a custom electric Lutron shade system, Control 4 Entertainment System with Apple TV and Sonos Sound System, dimable accent lighting, built-in outdoor grill, private parking for 2 vehicles and lockable owner’s storage closets throughout. Montage 5304 offers a luxury lifestyle with a highly sought-after location within the resort just steps from your front door to the iconic shores of Kapalua Bay. The spacious, open concept kitchen and living room areas open out to an expansive covered lanai ideal for entertaining looking directly out to the ocean. A truly one-of-a-kind opportunity to own along the West Maui shoreline, overlooking the white sandy crescent of Kapalua Bay, with panoramic ocean views framed by the neighboring islands of Molokai and Lanai and year-round sunsets. Located within the renowned Kapalua Resort, home to two championship golf courses, miles of hiking trails and an array of ocean activities. Montage Residences Kapalua Bay offers a rare opportunity to fully embrace the Montage lifestyle. The combination of unparalleled location, an expansive floor plan and Montage services make for true hassle-free resort living. Click here to see our other Featured Residences.

8 Coconut Grove Ln # 8

$4,449,000

If you crave Ocean, Island, Kapalua Resort & Sunset views, WAIT NO MORE! The luxury residence at Coconut Grove #8 offers 3 bedrooms and 3.5 bathrooms and it is spread across 2,638 living sq. ft. This 2-level resident is a corner unit that is both private and spacious. For the utmost in convenience, the residence includes an elevator and 1-vehicle garage. Kapalua Bay, Napili Bay, Merriman’s Kapalua Restaurant & the Sea House Restaurant, Kapalua Tennis Garden; these iconic Kapalua attractions are within a simple walking distance to the property. Originally built & completed in 2001, Coconut Grove consists of 36 apartments in nine oceanfront buildings, each housing four luxury residences. This exclusive gated condominium community is directly located on a pristine portion of the coastline known as Kapalua Bay. Amenities include a community pool, club house, exercise room and site manager services. Sold furnished with a selection of exclusions. Your Time Is Now.

1 Ritz Carlton Dr # 7-1129

$2,895,000

OCEANFRONT AND GROUND FLOOR DIRECT BEACH ACCESS! This is the only oceanfront unit providing direct barefoot access to the beach…and the closest residence to the beach. One of only eleven total oceanfront residences, and these are the largest units in the project. Although many Ritz Carlton Residences offer identical floor plans and furnishings, the incomes of each unit vary greatly. Here’s the secret code…the income is dependent upon the ROOM CATEGORY of each bedroom, as set by Ritz Carlton. It does not matter that the entire project is considered oceanfront; it matters how Ritz Carlton places EACH BEDROOM into their reservation system. There are 5 room categories…Garden View, Resort View, Partial Ocean View, Ocean View and Ocean Front. The impact of the room categories creates dramatic income differentials, which creates significantly variant real estate values, despite physical similarities. Residence 1127/1129 offers a HUGE bedroom suite in the Ocean Front category (commanding the highest nightly rates of any room category), plus a second bedroom in the Garden View category. With a total of 1646 air-conditioned square feet (plus two lanais totaling 364 square feet), this Ocean Front residence is significantly larger than the non-oceanfront 2-bedroom units (which average 1333 square feet). This residence also offers the ONLY private lawn in front of the residence in the entire Ritz Carlton Resort, with NO RAILINGS to obscure the beachfront views. This is a very unique residence! Ocean Front Residences are rarely offered, and rarely trade hands. The income on this unit has been extremely reliable and extraordinary (2020 excepted!) This Seller can provide 12 years of income history on this residence, and can also share 12 years of income history on his other unit, an Ocean View category residence. In the 12 months prior to the pandemic (February 2019 – January 2020), this residence produced $107,806 in NET operating income (after paying property taxes!). Based upon the $2,895,000 asking price, that’s an institutional quality 3.7% CAP rate, including a few weeks of owner use…and the Seller never lifted a finger to produce this income! Residence 1127/1129 is perfect for the discriminating buyer who wants to spend less than 60-days per year in the finest residence in one of the finest 5-star beach front resort properties in the world, and receive institutional-quality income during the rest of the year. Owners are treated like royalty when “in residence”, and receive a long list of special and valuable privileges when they are on property! However, many owners own these units solely for the income. As of December 19, 2020, this residence is the only available Ocean Front category residence in the resort. Seller paid $2,945,000 for this unit in 2008! Income history available upon request. (The above information was provided by the Seller. Past financial performance is no guarantee of future financial performance.)

500 Kapalua Dr # 26P3,4

$1,175,000

If you are looking for a grand trifecta with views of the beautiful Pacific Ocean, Kapalua Bay golf course frontage paired with nightly sunsets, then look no further than Kapalua Golf Villas 26P3,4. From the moment you enter you will be impressed by the impeccable style and “A plus” condition of this gorgeously remodeled two-bedroom, two bath “P” level condominium. Greeted by travertine plank flooring throughout the main areas and lush carpet in both bedrooms. This property features white cabinetry throughout and quartz countertops adding a modern flair to the kitchen equipped with stainless steel appliances. The exquisite furnishings add to the comfort of 26P3,4. Pride of ownership is evident and attention to detail in every room, this condo is in superior condition. One you most certainly will want to consider for ownership. The new 410A air conditioning system was completed by Done Right Air Conditioning. Property is sold completely furnished as viewed in person or as shown on the official multiple listing.

Find Your Kapalua Luxury Condo on Maui Now

Contact Ben Harper and the team at Hawaii Elite Real Estate to schedule a showing for one of these properties, one any of hundreds currently available on the tropical paradise that is Maui.

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