Property Description

A rare opportunity to own an AFFORDABLE Maui condo and enjoy up to 10 weeks per year of personal use and/or rental income. This listing is for a 20% ownership of a studio condo with a partial ocean view. The annual operating cost is $2,700 and covers all expenses ($38 per day of use or rental). Enjoy a shared interest in this established, well-managed, long term partnership. This remodeled unit is right across the street from the ocean and a State park with a white sandy beach. The fortunate owner will receive 10 weeks (5 consecutive weeks twice per year) on a rotating schedule (see attached Use Schedule). You can also rent it out for income when you can't occupy it, and the current occupancy rate is over 90% on VRBO at rates from $75-$110 per night. This is completely HASSLE-FREE ownership as everything is managed by one of the other owner/partners. A high quality remodel from top to bottom features new kitchen & bathroom cabinets, new appliances, new flooring, paint and furniture throughout! Kihei Bay Surf offers a large pool with a hot tub, a tennis court & a BBQ area. This ownership share is owner share #1, but shares 3 and 4 are also available. See also MLS #376141 which is ownership share #3, and MLS #376142 which is ownership share #4. Current owner is only selling their ownership shares because they purchased a larger Maui vacation condo. Clean, remodeled, affordable, well-managed...what more could you want from your Maui vacation home?