Built in 1979, the Kapalua Golf Villas are situated overlooking the Kapalua Bay course in the heart of the resort. Situated on over 15 acres, the Golf Villas is comprised of 186 villas in 16 buildings.
At the time of this posting, there are 19 active listings (approximately 10%), with 4 pending sales, and 8 sales since January 1, 2012. The sales have ranged from a low of $410,000 for a one bedroom villa in original condition, to $780,000 for a beautifully upgraded two bedroom villa.
|Villa||List Price||Sold Price||Close Date|
|Kapalua Golf Villa 18V4||$575,000||$575,000||1/27/2012|
|Kapalua Golf Villa 18 P 5 6||$559,900||$515,000||1/30/2012|
|Kapalua Golf Villa 12T1||$430,000||$410,000||2/28/2012|
|Kapalua Golf Villa 24P5,6||$568,500||$485,000||3/15/2012|
|Kapalua Golf Villa 14P3,4||$839,000||$780,000||3/28/2012|
|Kapalua Golf Villa 23V1||$484,000||$425,000||4/9/2012|
|Kapalua Golf Villa 15P 7,8||$539,000||$485,000||4/17/2012|
|Kapalua Golf Villa 20P5-6||$474,500||$482,500||4/23/2012|
In 2012, 40% of the sales year to date in the Kapalua Resort have occurred at the Golf Villas. In part, this activity may be attributed to a large scale remediation project and assessment that was just approved by the AOAO.
The scope of the much needed remediation work includes, but is not limited to: new roofs, installation of copper gutters, replacement of wood siding, repainting, drainage and landscaping work, and pool cabana and carport repairs. The work is anticipated to be completed in summer of 2014, and assessments are scheduled through to 2015.
The following is the most recent assessment schedule for fiscal year 2013, which began April 1, 2012*:
|Floorplan||% Interest||Reserve Contribution||Monthly Maintenance||KRA Dues||Remediation Assessment||Monthly Total|
|1B/1.5B (1 Story)||0.46||$222.72||$512.30||$33.13||$659.14||$1,427.29|
|1B-2B (1 Story)||0.5||$242.08||$556.85||$33.13||$716.45||$1,548.51|
|2B/2B (1 Story)||0.59||$285.66||$657.09||$33.13||$845.41||$1,821.29|
* The assessment is set for fiscal year 2013. Assessments are subject to change depending on the scope of work that is needed as individual buildings are completed. When purchasing a Golf Villa, you would have the opportunity to review the latest information as supplied by the Board of Directors.
Please feel free to contact me with any questions or for information regarding the Golf Villas, or any other property in the Kapalua resort.