NOT LISTED FOR SALE

500 Bay Dr Unit 14B2 Lahaina, HI 96761

Estimated Value: $1,437,000 - $1,802,000

1 Bed
1.5 Baths
716,562 Sq Ft
16.45 Acres

Last Sold May 28, 2021

Last sale price $1,058,000 $1 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $9,691/month

152 Days on Market

Highlights

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

About This Home

As of May 2021

Wide ocean views for daily enjoyment and Whale watching at its best in the winter months, from the downstairs or upstairs as unit looks right out to the ocean. 14 B 2 has a split system two zone A/C. Loft has been extended for more living area in the bedroom area. This unit has all been totally upgraded with all new granite counter tops in kitchen and baths and also has all new cabinets and appliances and tile floors. 14B 2 is protected from the wind so you can enjoy your lanai downstairs eating many of your meals out of doors. The bedroom has great sunsets part of the year and a great lanai with more views and enjoyment. Bay Villas have three pools, two tennis courts with a pickle ball court. This unit is a very short walk to Kapalua Beach and to Montage Resort next door which has been voted one of the top resorts. You are close to Napili beach and Napili kai resort with its restaurant and great sunset views. This unit is a very short distance from the sandy beaches of Oneloa Bay, Kapalua Bay and Napili Bay. Also close to fine dining restaurants and Honolua Store. Shuttle service is available to all owners and guest for transportation to any of the amenities in the Kapalua Resort.

Last Agent to Sell the Property

Joline Dorner

Coldwell Banker Island Prop-KP License #RS-29732 Listed on: 10/03/2020

Coldwell Banker Island Prop-KP

Co-Listed By

Mihaela Stoops

Coldwell Banker Island Prop-KP License #RB-20563

Last Buyer's Agent

Marcy Rhody

Coldwell Banker Island Prop-KP License #RB-19108

Coldwell Banker Island Prop-KP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,214

Year Built

  • Built in 1977

Lot Details

  • Ocean Front

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1.5 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Outdoor Grill

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Assessor Parcel Number 2420010240016

Community Details

Overview

  • Kapalua Bay Villas Community

Recreation

  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,214

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Kapalua
  • Other Features: Tennis Court, Bar-B-Que
  • Type: Condo
  • View: Ocean
  • Unit: 14-B2
  • Unit Configuration: Attached (3 Or More Units In Building)
  • Year Built: 1977
  • Year Renovated: 2008
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Bathrooms: 1.5
  • Bedrooms: 1
  • Included: Ceiling Fan(s), Dishwasher, Disposal, Dryer, Furnished, Microwave, Range, Refrigerator, Tv Cable, Washing MacHine
  • Living Area Sq Ft: 995
  • Price Per Sq Ft: 1063.32
  • Floor Level: 2

Exterior Features

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

Utilities

  • Central Air Conditioning: Y

Condo/Co-op/Association

  • Complex Name: Kapalua Bay Villas
  • Monthly Maintenance Fee: 947

Schools

  • Elementary School: King Kamehameha III Elementary
  • Middle School: Lahaina Intermediate
  • High School: Lahainaluna High

Lot Info

  • Land Acres: 16.45
  • Land Recorded: Regular
  • Land Sq Ft: 716562

Rental Info

  • Short Term Rental Allowed: Yes

Tax Info

  • Tax Database Id: 1
  • Taxes Per Month: 806
  • Assessor Parcel Number: 2420010240016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2023
Sold by
Fan-Palmer Yichun
Bought by
Fan-Palmer Yichun and Chow Isabelle
Current Estimated Value
$1,542,622

Purchase Details

Listed on
Oct 3, 2020
Closed on
May 14, 2021
Sold by
Cincor Llc
Bought by
Fan Palmer Yichun
Seller's Agent
Joline Dorner
Coldwell Banker Island Prop-KP
Buyer's Agent
Marcy Rhody
Coldwell Banker Island Prop-KP
List Price
$1,088,000
Sold Price
$1,058,000
Premium/Discount to List
-$30,000
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$543,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2010
Sold by
Petersen Barry R and Petersen Jan C
Bought by
Cincor Llc

Purchase Details

Closed on
Feb 28, 2006
Sold by
Petersen Barry R and Petersen Jan C
Bought by
Petersen Barry R and Petersen Jan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.04%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 25, 2005
Sold by
Petersen Barry R and Petersen Jan C
Bought by
Petersen Barry R and Petersen Jan C

Purchase Details

Closed on
Aug 8, 2003
Sold by
Maas Robert J and Maas Patricia A
Bought by
Petersen Barry R and Petersen Jan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.75%
Mortgage Type
Unknown
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
Fan-Palmer Yichun -- None Listed On Document
Fan Palmer Yichun $1,058,000 Fnt
Cincor Llc $840,000 Tg
Petersen Barry R -- First American Title Co Inc
Petersen Barry R -- --
Petersen Barry R $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fan-Palmer Yichun $543,000
Previous Owner Fan Palmer Yichun $543,000
Previous Owner Petersen Barry R $540,000
Previous Owner Petersen Barry R $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $1,058,000 -2.8% $1 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $1,088,000 0.0% $2 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
10/03/2020 10/03/20 For Sale $1,088,000 -- $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 $16,214 $1,516,800 $310,900 $1,205,900
2024 $16,214 $1,575,100 $310,900 $1,264,200
2023 $11,702 $1,415,900 $310,900 $1,105,000
2022 $11,702 $987,500 $330,400 $657,100
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: 388827

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-2-001-024-0016