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SOLD
MLS: 632987
Condo: Villas Of Kamalii #6 (Fractional Ownership)

 
Asking Price: $179,500 Fee Simple
Sold Price: $179,500
Sold Date: 07/16/2021
Type: Fractional/Timeshare
District: Hanalei
Street: 4141 Lei O Papa Rd
Neighborhood: Princeville
Beds: 3   Baths: 3
Living Area: 1,761 SF

Ownership: Fractional

Parking: Assigned
Days on Market: 1667
Year Built: 2002
Zoning: R-15
Roads: Private,Paved
Property Taxes: $4,393
Assessed Value: $733,200
Assessed Ratio: 24.48%
Listing Courtesy: Steven D. Moody, Broker
Terms Acceptable: 1031 Exchange,Cash
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Villas of Kamalii # 6 Fractional

Fractional/Shared Ownership Listing - Deeded fee simple ownership for Interval APRIL 16 to JUNE 14 every year. Can be paid off free and clear for similar amount as down payment on a similar condo. Located in Princeville’s prestigious gated community of the Villas of Kamali'i, you will enjoy panoramic mountain views, heated swimming pool, spa and barbecue area, not to mention being minutes from some of the most beautiful beaches in the world. A Honda Pilot SUV is included and the garage plus dedicated outdoor parking area makes for convenient ease of use. This beautifully furnished turnkey townhouse style condo offering sits overlooking the Makai Golf Course with great views and cool trade winds. All costs for operating the condo are equally shared by the six fractional interval owners and include all utilities, internet, phone, TV, homeowners association dues, taxes, insurance, vehicle costs, and a reserve allowance for replacement of furniture, appliances, and vehicle. Cost savings from not having to rent a vehicle for 2 months compensate for a large part of each owner’s total annual costs. Each owner’s annual operating costs for 2021 $5,208 (includes $800 reserve) billed quarterly at $1,302.


 
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