NOT LISTED FOR SALE

3543 Lower Honoapiilani Rd Unit K-301 Lahaina, HI 96761

Estimated Value: $597,000 - $954,000

1 Bed
1 Bath
534,917 Sq Ft
12.28 Acres

Last Sold December 01, 2021

Last sale price $780,000 $1 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,011/month

8 Days on Market

Highlights

  • Ocean Front
  • 12.28 Acre Lot
  • Furnished
  • Heated In Ground Pool
  • Clubhouse
  • Putting Green

About This Home

As of December 2021

Papakea K301 is one of the best locations at Papakea. This prime corner suite has a new modern kitchen with stainless appliances, all new high-end furniture and tasteful decor. Papakea K301 has stunning views from this spacious, open corner end unit closet to the ocean. Located less than 50 yards from the ocean, makes this beautifully decorated and remodeled unit almost oceanfront. As one of the closer units to the ocean, you can hear the waves crashing, and enjoy the endless view. The location has wonderful cross breezes and tons of light as it is a corner suite with the extra window. The kitchen, living room, and lanai all have beautiful views of the resort and ocean. The K building is very desirable because it shelters the lanai and living room from the afternoon sun. The kitchen has stainless steel appliances, up-graded cabinets and the condo has tile through-out. The bathroom has a walk-in shower. Situated on 13 tropical acres the amenities include 2 ocean-side swimming pools, 2 whirlpool spas, 2 tennis courts, 2 oceanside cabanas, 2 pickleball courts, 2 twelve-hole putting greens, 24-hour front desk service, and ample parking. Within minutes to Duke's restaurants, shopping center, Farmers Market, coffee shops, sandy beaches, snorkeling and surf. Papakea is conveniently located between the Kaanapali and Kapalua world-class golf resorts, just minutes away from shops, restaurants galleries in nearby Lahaina and Whaler's Village. This condo comes fully furnished, turnkey with strong rental income that can transfer to the new owner.

Last Agent to Sell the Property

Kristen Kingwell

Coldwell Banker Island Prop-KP License #RS-68401 Listed on: 10/11/2021

Coldwell Banker Island Prop-KP

Last Buyer's Agent

Todd Hudson

Keller Williams Realty Maui-Ki License #RB-21913

Keller Williams Realty Maui-Ki

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,761

Year Built

  • Built in 1977

Lot Details

  • 12.28

Parking

  • 1 Car Parking Space

Home Design

  • Entry on the 3rd floor
  • Slab Foundation
  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Tile Flooring
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Spa

Utilities

  • Cable TV Available
  • TV Antenna

Additional Features

  • Outdoor Grill
  • Ocean Front

Listing and Financial Details

  • Short Term Rentals Allowed
  • Assessor Parcel Number 2440010550000

Community Details

Overview

  • High-Rise Condominium
  • Papakea Resort Community

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Putting Green
  • Tennis Courts

Security

  • Security Guard
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,761

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Napili/Kahana/Honokowai
  • Other Features: Tennis Court, Club House, Bar-B-Que, Putting Green, Security Guard, Spa/Hot Tub
  • Type: Condo
  • View: Ocean
  • Unit: K301
  • Unit Configuration: Attached (3 Or More Units In Building)
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile
  • Bathrooms: 1
  • Bedrooms: 1
  • Included: Ceiling Fan(s), Dishwasher, Disposal, Dryer, Drapes, Furnished, Inventory, Microwave, Range, Refrigerator, Smoke/Heat Detector, Tv Cable, Washing MacHine, Tv Antenna
  • Living Area Sq Ft: 597
  • Price Per Sq Ft: 1306.53
  • Floor Level: 3
  • Passenger Elevator: One

Exterior Features

  • Construction Data: Concrete
  • Design And Structure: High-Rise 4+ Stories
  • Exterior Finish: Stucco
  • Pool: Yes
  • Roofing: Monier Tile/Tile
  • Substructure: Concrete Slab
  • Waterfront: Oceanfront
  • Pool Type: Heated, In-Ground
  • Waterfront Unit: Yes

Garage/Parking

  • Uncovered Number Of Cars: 1

Utilities

  • Room AC Number: 1
  • Sewer: Sewer County
  • Utilities To Site: County Water

Condo/Co-op/Association

  • Complex Name: Papakea Resort
  • Monthly Maintenance Fee: 844.35

Lot Info

  • County Zoning: A-2 Apartment District
  • General Land Class: Hotel And Resort
  • Land Acres: 12.28
  • Land Sq Ft: 534917

Rental Info

  • Short Term Rental Allowed: Yes

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 2440010550000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 29, 2021
Sold by
Eagleton Alan Charles and Eagleton Christine Mary
Bought by
Yan Zhiwei and Xiang Liqin
Seller's Agent
Kristen Kingwell
Coldwell Banker Island Prop-KP
Buyer's Agent
Todd Hudson
Keller Williams Realty Maui-Ki
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%
Current Estimated Value
$754,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,730
Avg. Annual Appreciation
-0.85%

Purchase Details

Listed on
Jan 19, 2018
Closed on
Oct 3, 2018
Sold by
Draeger James Paul and Draeger Mary Ellen
Bought by
Eagleton Alan Charles and Eagleton Christine Mary
Seller's Agent
Frederick Burgart
Frederick V Burgart REALTOR
Buyer's Agent
Frederick Burgart
Frederick V Burgart REALTOR
List Price
$549,000
Sold Price
$549,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%
Original Mortgage
$382,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 7, 2005
Sold by
Lusa Steven William and Lusa Susan Jeanne
Bought by
Draeger James Paul and Draeger Mary Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 14, 2003
Sold by
Brown Jared Frederic and Brown Margie Lynne Mcrae
Bought by
Lusa Steven William and Lusa Susan Jeanne

Purchase Details

Closed on
Feb 7, 2002
Sold by
Brown Jared Frederic
Bought by
Brown Jared Frederic and Brown Margie Lynne Mcrae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.04%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yan Zhiwei -- Or
Yan Zhiwei -- Or
Eagleton Alan Charles $549,000 Tg
Draeger James Paul $605,000 --
Lusa Steven William $345,000 --
Brown Jared Frederic -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eagleton Alan Charles $382,000
Previous Owner Draeger James Paul $484,000
Previous Owner Brown Jared Frederic $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2021 12/01/21 Sold $780,000 -2.4% $1 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $799,000 +45.5% $1 / Sq Ft
10/16/2018 10/16/18 Sold $549,000 0.0% $1 / Sq Ft View Prior Sale
07/30/2018 07/30/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $549,000 0.0% $1 / Sq Ft
07/12/2018 07/12/18 Price Changed $549,000 0.0% $1 / Sq Ft
04/13/2018 04/13/18 Off Market $549,000 -- --
01/19/2018 01/19/18 For Sale $629,000 -- $1 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,761 $897,500 $135,200 $762,300
2024 $12,761 $1,019,300 $135,200 $884,100
2023 $9,042 $763,000 $135,200 $627,800
2022 $6,696 $565,100 $68,100 $497,000
2021 $6,312 $568,100 $61,900 $506,200
2020 $5,611 $506,400 $61,900 $444,500
2019 $6,002 $558,300 $56,200 $502,100
2018 $4,155 $447,700 $51,100 $396,600
2017 $3,892 $0 $0 $0
2016 $3,788 $434,900 $48,600 $386,300
2015 $3,204 $400,600 $48,600 $352,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 393292

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-4-001-055-0319