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SOLD
MLS: 652645
Condo: Plantation At Princeville #311 (Fractional Ownership)

 
Asking Price: $165,000 Fee Simple
Sold Price: $171,000
Sold Date: 09/23/2021
Type: Fractional/Timeshare
District: Hanalei
Street: 4771 Pepelani Lp
Neighborhood: Princeville
Monthly Association Fee: $360
Beds: 2   Baths: 2
Living Area: 1,153 SF

Ownership: Fractional

Parking: Covered
Days on Market: 974
Year Built: 2004
Zoning: R-15
Roads: Paved
Land Recorded: Regular
Property Taxes: $3,377
Assessed Value: $558,200
Assessed Ratio: 29.56%
Listing Courtesy: RE/MAX Kauai - Princeville Office
Terms Acceptable: Cash,Conventional
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56 Days (28 days twice a year) at Princeville Plantation Condominium

28 days twice a year Kauai Condo for sale. This is a 16.6% share of an LLC for sale at the PLANTATION at PRINCEVILLE, Unit 311. Each year a partner member of the LLC receives two 28-day periods to stay at the Condo.

Layout:
Open concept Kitchen, Living room and Lanai area.
Master Bedroom includes ensuite bathroom.
2nd bedroom and 2nd bathroom off the main living area.

Amenities:
Air conditioning, Pool, Hot Tub, BBQ area, Fitness Center, Pet Free, and Beautifully Landscaped Grounds.

Maintenance Fee:
$360 per month, which includes Housekeeping, Taxes, Utilities, Ca/Vehicle, HOA, etc. Refer to operating documents for more specifics.
A vehicle is part of the LLC and can be used by owners when visiting. 2006 Toyota Highlander is the current vehicle.
The portion of the LLC listed for sale is for partner #6. It is 28 days, 2 times per year on an established calendar and a rotating schedule. (Table Attached)
On the following year the dates move counterclockwise.

Upcoming Dates for partner #6 are:
• 2022 - Feb 8 - Mar 8 and Jul 26 - Aug 23
• 2023 - Jan 10 - Feb 7, Jun 27 - Jul 25 and Dec 12 - Jan 9 *
• 2024 - May 28 - Jun 25 and Nov 12 - Dec 10

Each period comprises 4 weeks rather than one month which is why there is an extra 4-week period each year.
Every year one owner gets an additional 4-week slot making a total of three 4-week periods in one year. The buyer will get the benefit of this in their 2nd year of ownership
The dates change each year (in reverse) so that each owner has the opportunity to be there at different times of the year.
The dates continue to move counter-clockwise for the following years.
This is not a registered timeshare or fractional interest and vacation rentals are not permitted within the LLC.


 
This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
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