Property known as Hotel Molokai. Fully furnished Condo Units on Molokai's South Shore. The properties’ coastal area has views of Lanai, Maui and Kahoolawe plus spectacular sunsets. The amenities include Pool and ATM machine, and each owner is entitled to the use of one parking stall per unit on a first come first served basis. The property is currently used both as a retail hotel and as weekly lodging fon TAN's guests. There is a total of 57 residential and 2 commercial condos on the premises. The seller intends to sell 12 residential units at this time. A unique opportunity to own an affordable property on Molokai with Hotel amenities. Seller retains the right to evaluate the suitability of any prospective Buyer in light of Seller's continued operation of the property as a hotel, and conduct other background checks regarding any prospective buyer, and approve or disapprove any prospective Buyer based on such evaluations and investigations Maintenance fees will increase 2016 to $374, 2017 to $390 2018 to $407, 2019 $426
Past Activity
Jul 29, 2024 Listed at $115,000
Dec 07, 2015 Sold for $79,000
Nov 07, 2015 Under Contract
Sep 25, 2014 Listed at $81,000
More Details
HOA Fees / ft²: $1.11
Price / ft²: $265
Zoning: H-1
View: Other
TMK: 2540020010002
Courtesy: Tropical Island Properties LLC / 808-336-0085
MLS: 362167
The MLS properties are based on information from the Multiple Listing Service of REALTORS® Association of Maui. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
Sold 12/7/15 at $79,000 (List Price: $81,000)
Description
Property known as Hotel Molokai. Fully furnished Condo Units on Molokai's South Shore. The properties’ coastal area has views of Lanai, Maui and Kahoolawe plus spectacular sunsets. The amenities include Pool and ATM machine, and each owner is entitled to the use of one parking stall per unit on a first come first served basis. The property is currently used both as a retail hotel and as weekly lodging fon TAN's guests. There is a total of 57 residential and 2 commercial condos on the premises. The seller intends to sell 12 residential units at this time. A unique opportunity to own an affordable property on Molokai with Hotel amenities. Seller retains the right to evaluate the suitability of any prospective Buyer in light of Seller's continued operation of the property as a hotel, and conduct other background checks regarding any prospective buyer, and approve or disapprove any prospective Buyer based on such evaluations and investigations Maintenance fees will increase 2016 to $374, 2017 to $390 2018 to $407, 2019 $426
The MLS properties are based on information from the Multiple Listing Service of REALTORS® Association of Maui. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
