Fractional Share for Sale Cliffs at Princeville #3304

By
Real Estate Agent with HomeSmart Island Homes RB 20260

Fractional Share at Cliffs at Princeville 3304

Offered for $83,900               

            

One-sixth ownership in the LLC where each owner has eight consecutive weeks of usage each year. Owners select their time usage on a rotation. This top floor unit has over 1100 square feet and two lanais. Enjoy the covered lanai off the main living/dining area. Yes, there is even a small peak at the ocean. The large master suite (bedroom and bath) is on the main floor and has a king size bed and its own private lanai. Also, located on this main floor is the kitchen, living and dining area, second bath and laundry closet. The second floor loft bedroom has two queen beds.

The Cliffs of Princeville amenities might be considered the best in Princeville with two swimming pools including a waterfall pool, two spas, two tennis courts, children's playground, recreation room, Volleyball Court, two shuffleboard courts, half-court Basketball Court, a putting green and Barbeque Grills.

All costs of operating the condominium are shared equally by the six share owners. Operating costs are $3175 per share in 2017 – $700 for first quarter and $825 for second, third and fourth quarters. Billed quarterly. Operating costs include all Homeowners Association Dues, Taxes, Reserve Funds, Utilities & Insurance.  This is Share #4 that is currently offered for sale.

Share Selection Rotation:

2017 1,2,3,4,5,6

2018 2,3,4,5,6,1

2019 3,4,5,6,1,2

2020 4,5,6,1,2,3

2021 5,6,1,2,3,4

 

For example, the owners selected 2017 dates as follows:

Dec 27 (2016) – Feb 21 Share #6

Feb 21 – March 7 Manager

March 7 – May 2 Share #2

May 2 – June 27 Share #4

June 27 – July 11 Manager

July 11 – Sep 5 Share #1

Sep 5 - Oct 31 Share #5

Oct 31 – Dec 26 Share #3

 

And for 2018: Dec 26 (2017) – Feb 20 

Share # 4 Feb 20 - March 6 Manager

March 6 – May 1 Share #2

May 1 – June 26 TBD

June 26 - July 10 Manager

July 10 – Sep 4 TBD

Sep 4 – Oct 30 TBD

October 30 - Jan 1, 2019 Share #3

 

 If you want to enjoy a fractional ownership of a Kauai condo for 2 months a year, contact me. 

 

Posted by

 

Carol L Skon, Realtor Broker, GRI, e-Pro  

HomeSmart Island Homes Kauai, Hawaii

Main office: 1888 Kalakaua Avenue Suite C312, Honolulu, HI 96815  

808.634.2945         www.carolskon.com    

Kauaihawaiirealestateblog.com

Comments (4)

Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Congratulations and best of luck to you on your new listing!

May 05, 2017 02:51 PM
Carol Skon
HomeSmart Island Homes - Princeville, HI
RB, Kauai, Hawaii Real Estate

Thank you, Ryan.  It is a very nice Fractional Share condo.

May 05, 2017 04:21 PM
Sean Casey
Patterson-Schwartz Real Estate - Newark, DE
Greenville, Hockessin, Newark & Bear Homes

Nice listing and great presentation!  I hope you get a quick sale!

May 12, 2017 12:35 PM
Carol Skon
HomeSmart Island Homes - Princeville, HI
RB, Kauai, Hawaii Real Estate

Thanks so much, Sean.  Have a good weekend.

May 12, 2017 04:13 PM