The Ritz Carlton Residences Condo Complex in Lahaina
$995,000 The Ritz Carlton Residences
- 1 BED
- |
- 1 BATH
- |
- 872 SQFT
This beautiful, ground-level, ocean view, 1 bedroom, 1 bath unit at the Ritz-Carlton, Kapalua, was renovated in 2016. Its 1-bedroom location is the closest to the ocean on the private side of the north wing of the hotel. It offers a full kitchen, easy access to Fleming Beach and is in walking distance to some of the finest restaurants on Maui: Banyan Tree and The Burger Shack on site, as well as Sansei, Merrimans, Cane and Canoe and Pour House. The Ritz-Carlton Spa, Kapalua offers a variety of treatments and therapies, based on native Hawaiian healing and the potent plants, flowers, fruits and herbs abundant in the islands. Live the full Ritz Carlton experience and feel at home. A private secure owner`s closet is also be included. The Kapalua Resort amenities include world class golf, tennis, hiking trails, many beaches, shopping, dining, membership opportunities in the Kapalua Club, and shuttle service throughout the Resort.
$999,000 The Ritz Carlton Residences
- 1 BED
- |
- 1 BATH
- |
- 872 SQFT
This is your rare opportunity to own this one Bedroom one Bath Residential Suite at the prestigious Ritz Carlton Kapalua. Located on the lobby level. End corner unit. Take full advantage of the fabulous spa and fitness center, 24 hour room service, 24 hours security, pools and tennis courts. Steps away to amazing beaches and hiking trails. Currently in the Ritz Hotel Program.
$2,435,000 The Ritz Carlton Residences
- 2 BEDS
- |
- 2 BATHS
- |
- 1333 SQFT
INCOME! INCOME! INCOME! Although many Ritz Carlton Residences offer identical floor plans and furnishings, the incomes of each unit vary greatly. Heres the secret codethe 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 categoriesGarden 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 1614/1616 has both bedrooms in the Ocean View category. The Ocean View category has provided the highest net income to the owner every year since 2008! This Seller knows, because he owns two unitsone is Ocean View and one is Ocean Frontand in 12 out of 12 years, the Ocean View residence has outperformed the Ocean Front category residence in terms of net income. This Seller can provide 12 years of income history on both units! Residence 1614/1616 is perfect for a buyer who wants to spend less than 60-days per year 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. In the 12 months prior to the pandemic (February 2019 - January 2020), this residence produced $126,728 in NET operating income (after paying property taxes!). Based upon the $2,395,000 asking price, thats an institutional quality 5.2% CAP rate, including a few weeks of owner useand the Seller never lifted a finger to produce this income! As of December 19, 2020, this residence is the only available Ocean View category residence. Seller paid $2,430,000 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.)
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