NOT LISTED FOR SALE

3543 Lower Honoapiilani Rd Unit L-206 Lahaina, HI 96761

Estimated Value: $967,000 - $1,329,000

2 Beds
2 Baths
534,917 Sq Ft
12.28 Acres

Last Sold December 24, 2018

Last sale price $920,500 $2 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,581/month

287 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • 12.28 Acre Lot
  • Ocean View

About This Home

As of December 2018

Watch the whales and sea turtles right on your lanai! This private two bedroom two bath prime second floor location is direct oceanfront and faces due west with fabulous sunsets and views of the islands of Molokai and Lanai. Twenty-four hours of waves to listen to and lull you to sleep. These unique two bedroom oceanfront units rarely come on the market. Papakea is a peaceful Hawaiian Style low rise resort situated on 13 acres right on the ocean just a short walk distance to three mile long N. Kaanapali Beach. The lushly landscaped grounds are immaculately maintained and adorned with red ginger and red palms. At dusk every evening the magical twinkling tiki lights are lit and reflect on the Koi ponds through-out the property. This turnkey condo is fully equipped, beautifully furnished with quality art throughout and ready to rent at a premium…or have as your second home island getaway. Recently the condo was completely re-modeled by top-of-the-line Maui contractor Bob Marshall. There is designer tile, and granite counter-tops throughout, maple custom cabinetry, under counter lighting, and designer fixtures. Bosh washer and dryer. The location of this unit is very private yet it's within close proximity to the ocean, pool, jacuzzi and outdoor covered cabana. The amenities include two ocean side swimming pools, two tennis courts, putting greens, 24 hour front desk service, poolside barbecues, two hot tubs and shuffle board court. Papakea's location is as good as it gets!...within minutes, easy walk to Duke's restaurant shopping center, Farmers Market, coffee shops, sandy beaches, snorkeling and surf.

Last Agent to Sell the Property

Kristen Kingwell

Coldwell Banker Island Prop-KP License #RS-68401 Listed on: 01/10/2018

Coldwell Banker Island Prop-KP

Last Buyer's Agent

Barry Ware

Maui Life Realty License #RB-22866

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,228

Year Built

  • Built in 1977

Lot Details

  • 12.28

Home Design

  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Ocean Views
  • In Ground Pool
  • Beach Front

Community Details

  • Papakea Resort Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,228

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Napili/Kahana/Honokowai
  • Type: Condo
  • View: Ocean
  • Unit: L-206
  • Unit Configuration: Attached (3 Or More Units In Building)
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Bathrooms: 2
  • Bedrooms: 2
  • Living Area Sq Ft: 861
  • Floor Level: 2

Exterior Features

  • Pool: Yes
  • Waterfront: Beachfront
  • Pool Type: In-Ground

Utilities

  • Sewer: Sewer County
  • Utilities To Site: County Water

Condo/Co-op/Association

  • Complex Name: Papakea Resort
  • Monthly Maintenance Fee: 1226.06

Lot Info

  • County Zoning: A-2 Apartment District
  • Land Acres: 12.28
  • Land Sq Ft: 534917
  • State Zoning: Urban

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2018
Closed on
Dec 11, 2018
Sold by
Cheney Michael Scott
Bought by
Rainbow Rentals Llc
Seller's Agent
Kristen Kingwell
Coldwell Banker Island Prop-KP
Buyer's Agent
Barry Ware
Maui Life Realty
List Price
$1,089,000
Sold Price
$920,500
Premium/Discount to List
-$168,500
-15.47%
Current Estimated Value
$1,146,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,360
Avg. Annual Appreciation
3.27%

Purchase Details

Closed on
Sep 22, 2011
Sold by
Association Of Apartment Owners Of Papak
Bought by
Cheney Michael Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,600
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2004
Sold by
Schuler James K
Bought by
Cheney M Scott and Cheney Viviane C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.57%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rainbow Rentals Llc $920,500 Fidelity National Title & Es
Cheney Michael Scott $120,544 Tg
Cheney M Scott $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheney Michael Scott $286,600
Previous Owner Cheney M Scott $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2018 12/24/18 Sold $920,500 -5.0% $2 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
06/26/2018 06/26/18 Price Changed $969,000 -2.6% $2 / Sq Ft
03/05/2018 03/05/18 Price Changed $995,000 -8.6% $2 / Sq Ft
01/10/2018 01/10/18 For Sale $1,089,000 -- $2 / 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 $18,228 $1,436,200 $186,300 $1,249,900
2024 $18,228 $1,424,300 $186,300 $1,238,000
2023 $14,106 $1,190,400 $186,300 $1,004,100
2022 $10,766 $908,500 $93,800 $814,700
2021 $11,001 $989,500 $85,200 $904,300
2020 $11,379 $1,027,000 $85,200 $941,800
2019 $9,261 $861,500 $77,500 $784,000
2018 $6,965 $750,500 $70,400 $680,100
2017 $6,337 $0 $0 $0
2016 $444 $740,100 $66,900 $673,200
2015 $3,921 $765,400 $66,900 $698,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 376996

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-4-001-055-0346