NOT LISTED FOR SALE

500 Bay Dr Unit 26B1 Lahaina, HI 96761

Estimated Value: $1,437,000 - $1,795,000

1 Bed
1 Bath
716,562 Sq Ft
16.45 Acres

Last Sold June 24, 2021

Last sale price $1,498,000 $2 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,329/month

58 Days on Market

Highlights

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

About This Home

As of June 2021

Amongst the best Oceanfront locations at the Kapalua Bay Villas this property has Superlative Ocean and Molokai views. Building 26 is the closest to the ocean in this private gated community. This unit is on the leeward side offering protection from the Trade Winds and enjoys its own private walkway entrance that is not shared with another condo. Located on a Cul De Sac with easy parking and no steps to climb, just roll in your suitcases. This location is close to yet out of direct sight from swimming pools. Sleep to the lulling sounds of the ocean and watch whales breach. A great location for the discerning buyer.

Last Agent to Sell the Property

Baldave Singh

Coldwell Banker Island Prop-KP License #RB-16580 Listed on: 03/16/2021

Coldwell Banker Island Prop-KP

Last Buyer's Agent

Sherrie Stinger

Coldwell Banker Island Prop(S) License #RS-74750

Coldwell Banker Island Prop(S)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,361

Year Built

  • Built in 1977

Lot Details

  • Ocean Front

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Chandelier
  • Drapes & Rods
  • Blinds
  • Dining Area

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Outdoor Grill

Utilities

  • Central Air
  • Underground Utilities
  • Private Water Source
  • Cable TV Available

Community Details

  • Kapalua Bay Villas Community
  • Fire and Smoke Detector

Listing and Financial Details

  • Short Term Rentals Allowed
  • Assessor Parcel Number 2420010240000

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,361

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Kapalua
  • Other Features: Bar-B-Que
  • Type: Condo
  • Unit: 26B1
  • Unit Configuration: Attached (3 Or More Units In Building)
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Additional Rooms: Dining Area
  • Bathrooms: 1
  • Bedrooms: 1
  • Included: Blinds, Ceiling Fan(s), Chandelier/Swag Lamp, Dishwasher, Disposal, Dryer, Drapes, Furnished, Inventory, Microwave, Range, Refrigerator, Smoke/Heat Detector, Tv Cable, Washing MacHine
  • Living Area Sq Ft: 1006
  • Price Per Sq Ft: 1489.07
  • Floor Level: 2

Exterior Features

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

Utilities

  • Central Air Conditioning: Y
  • Utilities To Site: Private Water, Underground Electricity, Tv Cable

Condo/Co-op/Association

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

Schools

  • Elementary School: Princess Nahienaena Elementary
  • Middle School: Lahaina Intermediate
  • High School: Lahainaluna High

Lot Info

  • Land Acres: 16.45
  • Land Sq Ft: 716562

Rental Info

  • Short Term Rental Allowed: Yes

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 2420010240000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Jun 21, 2021
Sold by
Wylie Mark William and Wylie Kristen Ann
Bought by
Vierhus David
Seller's Agent
Baldave Singh
Coldwell Banker Island Prop-KP
Buyer's Agent
Sherrie Stinger
Coldwell Banker Island Prop(S)
List Price
$1,498,000
Sold Price
$1,498,000
Current Estimated Value
$1,618,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,746
Avg. Annual Appreciation
1.85%
Original Mortgage
$700,000
Outstanding Balance
$636,230
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$982,516

Purchase Details

Listed on
Nov 19, 2014
Closed on
Jun 8, 2015
Sold by
Kuehn Roger W and Kuehn Summer Joy
Bought by
Wylie Mark William and Wylie Kristen Ann
Seller's Agent
Baldave Singh
Coldwell Banker Island Prop-KP
Buyer's Agent
Baldave Singh
Coldwell Banker Island Prop-KP
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$800,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 14, 2012
Sold by
Wellman Margie A
Bought by
Wellman Margie A and The Margie A Wellman Revocable Trust

Purchase Details

Closed on
Feb 20, 2007
Sold by
Yanai Shozo
Bought by
Wellman Margie A
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
Vierhus David $1,498,000 Fnt
Wylie Mark William $1,000,000 Tg
Wellman Margie A -- None Available
Wellman Margie A $1,350,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vierhus David $700,000
Previous Owner Wylie Mark William $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $1,498,000 0.0% $2 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $1,498,000 0.0% $2 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $1,498,000 +49.8% $2 / Sq Ft
06/17/2015 06/17/15 Sold $1,000,000 -20.0% $1 / Sq Ft
04/30/2015 04/30/15 Pending -- -- --
11/19/2014 11/19/14 For Sale $1,250,000 -- $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 $21,361 $1,620,500 $310,900 $1,309,600
2024 $21,361 $1,656,400 $310,900 $1,345,500
2023 $14,834 $1,279,100 $310,900 $968,200
2022 $14,834 $1,251,800 $330,400 $921,400
2021 $14,089 $1,266,500 $300,300 $966,200
2020 $12,421 $1,121,000 $300,300 $820,700
2019 $11,355 $1,056,300 $273,000 $783,300
2018 $11,500 $1,239,200 $248,200 $991,000
2017 $8,803 $0 $0 $0
2016 $9,607 $1,103,000 $235,800 $867,200
2015 $3,485 $1,394,500 $429,200 $965,300
2014 $3,485 $1,124,300 $411,300 $713,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 390768

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-2-001-024-0078