Ka’anapali Shores, located on Ka’anapali North Beach, is a very popular complex for visitors and owners alike. The beachfront location is outstanding, there are nice amenities, and this property represents one of the stronger cash-on-cash returns that you will see in the Maui market.
This can be attributed to the very high year-round occupancy rates which average about 80% albeit they are booked at about 98% right now, an excellent management company in the Aston, and the fact this is a very inviting resort that properly takes care of its guests, which encourages repeat visits.
Unit #904 (MLS# 345141) is a 2 bed/2 bath unit that is one stack back from beingÂ beachfrontÂ and has fantastic ocean and outer island views. This unit was originally listed at $995,000 and is now down to $849,000.
Unit #209 (MLS# 342657) is a large 1 bed/1 bath unit of approximately 806 sq. ft. and is now down to $495,000 after being originally listed at $625,000. This unit is considered a “partial ocean view” unit by the Aston.
Unit #421 (MLS# 345692) is currently the lowest priced fee simple unit in the complex with an asking price of $300,000. This unit is considered a “garden view,” but as you see in the photo, there isÂ definitelyÂ some ocean blue afforded here.
Kaanapali Shores features swimming pools,Â hot tubs, saunas, a fitness and massage center, a putting green, a wedding gazebo, and three lighted tennis courts. Camp Ka’anapali is the very popular year-round on-site children’s program.Â There are convenience shops, a food pantry store, and a beauty salon located off the lobby.
Activity and guest services are located in the well-staffed lobby. You will take pleasure in the sheltered tropical gardens featuring waterfalls and fish ponds.Â There is also a small shopping mall right across the street from the complex with a full serviceÂ groceryÂ store and various restaurants.
One can relax at the very reasonably priced poolside restaurant for breakfast, lunch, or dinner. Care to make it a little more intimate? Prepare and enjoy your own private meals in the fully equipped kitchen of your apartment.
If you would like detailed rental history including occupancy rates for specific units, average daily rates, and/or pro forma cash flow statements on any unit available in Ka’anapali Shores please let me know and I will be happy to provide you with these. Furthermore, if you want more photos, or a video of the complex, the amenities, or the beach, feel free to reach out to me.