NOT LISTED FOR SALE

500 Bay Dr Unit 12B3 Lahaina, HI 96761

Estimated Value: $1,350,000 - $1,503,000

1 Bed
2 Baths
716,562 Sq Ft
16.45 Acres

Last Sold April 01, 2019

Last sale price $850,000 $1 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $9,357/month

70 Days on Market

Highlights

  • Ocean Front
  • 16.45 Acre Lot
  • Outdoor Grill
  • In Ground Pool
  • Security Guard
  • Central Air

About This Home

As of April 2019

Jaw dropping ocean vistas are the first features you can't help but notice when stepping through the front door of this beautifully located town home. The northern exposure allows for magnificent views of world famous Honolua Bay, the friendly isle of Molokai, and the crystal clear waters of the Pacific. You're either being welcomed back home, or invited to enjoy your new favorite place on the planet. The Master Suite is located above the living room. Both floors have floor to ceiling windows which overlook the spectacular ocean vistas that only Kapalua has to offer. The northern exposure of this unit allows for wide open views, including breathtaking sunrises, and rainbows galore. The floor plan allows for a full bath downstairs, so your guests could have the convenience of that lower bath. The upgrades in the kitchen and the bathrooms are contemporary, and meet the standard for the Outrigger Rental Program. Most valuable 1 bedroom floor plan. Directly entering on the parking lot level, makes unloading groceries, surfboards, and family luggage is convenient. The upper floor features the Master Suite and bath, including the washer and dryer on the second level. There is a unit below you, but no one above you!! The elevation of this building allows for a perched view above the front row of buildings. You float above the beautiful vegetation, and see the best of views and natural beauty that your Kapalua dream has to offer. Heavily booked unit is available to show between guests. Income figures attached under the document portion of this Listing.

Last Agent to Sell the Property

Elizabeth Quayle

Coldwell Banker Island Prop-KP License #RB-17818 Listed on: 11/23/2018

Coldwell Banker Island Prop-KP

Last Buyer's Agent

Eric West

Real Broker LLC License #RB-20968

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,005

Year Built

  • Built in 1977

Lot Details

  • 16.45

Home Design

  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Outdoor Grill
  • Ocean Front
  • Central Air

Community Details

Recreation

  • Tennis Courts

Additional Features

  • Kapalua Bay Villas Community
  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,005

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Kapalua
  • Other Features: Tennis Court, Bar-B-Que, Security Guard, Spa/Hot Tub
  • Type: Condo
  • Unit: 12B3
  • Unit Configuration: Attached (3 Or More Units In Building)
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Bathrooms: 2
  • Bedrooms: 1
  • Living Area Sq Ft: 995
  • Floor Level: 1

Exterior Features

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

Utilities

  • Central Air Conditioning: Y

Condo/Co-op/Association

  • Association Fees Frequency: Monthly
  • Complex Name: Kapalua Bay Villas
  • Monthly Maintenance Fee: 947

Lot Info

  • Land Acres: 16.45
  • Land Sq Ft: 716562

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2018
Closed on
Mar 22, 2019
Sold by
Mcfarland Jeffery David and Mcfarland Melanie Bautista
Bought by
Callies Richard Wayne and Callies Tonya Danielle
Seller's Agent
Elizabeth Quayle
Coldwell Banker Island Prop-KP
Buyer's Agent
Eric West
Real Broker LLC
List Price
$879,500
Sold Price
$850,000
Premium/Discount to List
-$29,500
-3.35%
Current Estimated Value
$1,443,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,343
Avg. Annual Appreciation
8.56%
Original Mortgage
$300,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2004
Sold by
Kaneko Kentaro
Bought by
Mcfarland Jeffery David and Mcfarland Melanie Bautista

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 28, 2003
Sold by
Fuse Yasukazu and Fuse Yuko
Bought by
Kaneko Kentaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.13%
Mortgage Type
Unknown

Purchase Details

Closed on
May 11, 1999
Sold by
Desert Star Partners Ltd
Bought by
Fuse Yasukazu and Fuse Yuko
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
Callies Richard Wayne $850,000 Or
Mcfarland Jeffery David $743,000 --
Kaneko Kentaro $485,000 --
Fuse Yasukazu $1,000 --
Fuse Yasukazu $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Callies Richard Wayne $250,000
Closed Callies Richard Wayne $300,000
Closed Callies Richard Wayne $300,000
Previous Owner Mcfarland Jeffery David $725,000
Previous Owner Mcfarland Jeffery David $600,000
Previous Owner Kaneko Kentaro $340,000
Closed Mcfarland Jeffery David $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2019 04/01/19 Sold $850,000 -3.4% $1 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
11/23/2018 11/23/18 For Sale $879,500 -- $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 $20,005 $1,516,800 $310,900 $1,205,900
2024 $20,005 $1,555,900 $310,900 $1,245,000
2023 $16,417 $1,385,400 $310,900 $1,074,500
2022 $10,481 $884,500 $330,400 $554,100
2021 $8,822 $794,100 $300,300 $493,800
2020 $9,672 $872,900 $300,300 $572,600
2019 $7,161 $666,100 $273,000 $393,100
2018 $7,420 $799,600 $248,200 $551,400
2017 $8,296 $0 $0 $0
2016 $5,337 $612,800 $235,800 $377,000
2015 $6,664 $837,300 $429,200 $408,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 380716

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-2-001-024-0010