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Kapalua Golf Villas: Maui Real Estate Update

By
Real Estate Agent with Island Sotheby's International Realty R(S): 56519

Kapalua Golf Villas

Built in 1979, the Kapalua Golf Villas are situated overlooking the Kapalua Bay course in the heart of the resort. Situated on over 15 acres, the Golf Villas is comprised of 186 villas in 16 buildings.

At the time of this posting, there are 19 active listings (approximately 10%), with 4 pending sales, and 8 sales since January 1, 2012. The sales have ranged from a low of $410,000 for a one bedroom villa in original condition, to $780,000 for a beautifully upgraded two bedroom villa.

Villa List Price Sold Price Close Date
Kapalua Golf Villa 18V4 $575,000 $575,000 1/27/2012
Kapalua Golf Villa 18 P 5 6 $559,900 $515,000 1/30/2012
Kapalua Golf Villa 12T1 $430,000 $410,000 2/28/2012
Kapalua Golf Villa 24P5,6 $568,500 $485,000 3/15/2012
Kapalua Golf Villa 14P3,4 $839,000 $780,000 3/28/2012
Kapalua Golf Villa 23V1 $484,000 $425,000 4/9/2012
Kapalua Golf Villa 15P 7,8 $539,000 $485,000 4/17/2012
Kapalua Golf Villa 20P5-6 $474,500 $482,500 4/23/2012



In 2012, 40% of the sales year to date in the Kapalua Resort have occurred at the Golf Villas. In part, this activity may be attributed to a large scale remediation project and assessment that was just approved by the AOAO.

The scope of the much needed remediation work includes, but is not limited to: new roofs, installation of copper gutters, replacement of wood siding, repainting, drainage and landscaping work, and pool cabana and carport repairs. The work is anticipated to be completed in summer of 2014, and assessments are scheduled through to 2015.

The following is the most recent assessment schedule for fiscal year 2013, which began April 1, 2012*:

Floorplan % Interest Reserve Contribution Monthly Maintenance KRA Dues Remediation Assessment Monthly Total
1B/1.5B (1 Story) 0.46 $222.72 $512.30 $33.13 $659.14 $1,427.29
1B-2B (1 Story) 0.5 $242.08 $556.85 $33.13 $716.45 $1,548.51
1B/1.5B (Loft) 0.5 $242.08 $556.85 $33.13 $716.45 $1,548.51
2B/2B (1 Story) 0.59 $285.66 $657.09 $33.13 $845.41 $1,821.29
2B/2B (Loft) 0.59 $285.66 $657.09 $33.13 $845.41 $1,821.29



* The assessment is set for 2012. Assessments are subject to change depending on the scope of work that is needed as individual buildings are completed. When purchasing a Golf Villa, you would have the opportunity to review the latest information as supplied by the Board of Directors.


Please feel free to contact me with any questions or for information regarding the Golf Villas, or any other property in the Kapalua resort.

Comments(2)

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Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Courtney,

Looks like a nice place....anytime I can be near a golf course is a good day, LOL.

Jun 20, 2012 12:29 AM
Courtney Brown, Realtor (S) Vice President
Island Sotheby's International Realty - Lahaina, HI
Live a Maui Life!

It's a fantastic place--hope you can make it out to enjoy it someday!

Aloha~

Jun 20, 2012 10:21 AM