The Ritz Carlton Residences Condo Complex in Lahaina
1 Ritz Carlton Dr 1512 Lahaina HI 96761
$2,895,000 The Ritz Carlton Residences
- 2 BEDS
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- 3 BATHS
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- 1646 SQFT
OCEANFRONT AND GROUND FLOOR DIRECT BEACH ACCESS! This is the only oceanfront unit providing direct barefoot access to the beachand 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. 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 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, thats an institutional quality 3.7% CAP rate, including a few weeks of owner useand 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.)
Hapuna Realty
$2,395,000 The Ritz Carlton Residences
- 2 BEDS
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- 2 BATHS
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- 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 5.3% 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.)
Hapuna Realty
$1,850,000 The Ritz Carlton Residences
- 2 BEDS
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- 2 BATHS
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- 1323 SQFT
This Residence... At The Ritz Carlton Residences at Kapalua afford a perfect Lifestyle of Casual Elegance--Kapalua Style. Located on The Lobby Level which translates to the 7th Floor of this prestigious property. Two Bedrooms and Two Bathrooms with sweet and wonderful indoor and outdoor places to entertain or to enjoy your privacy. The Kapalua Resort boasts ten tennis courts in a garden setting adjacent to The Kapalua Bay Golf Course. The Plantation Golf Course is home to The Sentry Tournament of Champions which provides the Season Opener for the PGA Tour. Amenities at The Ritz Carlton are available to take care of all that you might need as you enjoy your Kapalua Home. Beautiful beaches and fabulous restaurants are here to complete this amazing package.
Coldwell Banker Island Prop-KP
$999,000 The Ritz Carlton Residences
- 1 BED
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- 1 BATH
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- 872 SQFT
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. Now equipped with full kitchen and top of the line appliances. 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.
Coldwell Banker Island Prop-Ku
$965,000 The Ritz Carlton Residences
- 1 BED
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- 1 BATH
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- 878 SQFT
Currently the only one bedroom on the market! Here is a wonderful opportunity to own a spacious 1 bedroom, 1 bath Residential Suite condominium in the world class Kapalua Resort Ritz Carlton Hotel! Located on the fifth floor, this location offers stunning views of the pool, plus some ocean views. Relax and enjoy your private and separate bedroom and living room lanais. Kitchen appliances including Wolf cooktop, convection/microwave oven, Subzero refrigerator/freezer/wine refrigerator, and Bosch dishwasher. Featuring dark wood floors, travertine marble bathrooms, flat-screen LCD televisions, the furnishings and accessories are contemporary and casually elegant . Amenities associated with ownership at the Ritz Hotel are numerous: The Ritz Spa features treatment rooms with private garden showers, volcanic stone grottos, steam rooms, saunas and movement studio with spectacular ocean views. The Jean-Michel Cousteau Ambassadors of the Environment program offers a variety of outdoor activities with trained naturalists. The Hotel also features several restaurants, meeting spaces, a children`s pool and luxury cabanas. The Resort is located on 54 acres in the midst of the 23,000 acre Kapalua Resort, featuring The Montage Kapalua Bay Hotel and Spa, two championship golf courses, over 80 miles of hiking and walking paths, zip lines and challenge courses, Kapalua Golf Academy, Tennis Center, award winning restaurants, 12 residential communities. Enjoy outstanding natural beauty, luxury resort services and Hawaiian aloha spirit!
Maui Paradise Properties LLC
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