| Photo: Exotic Estates. Sullivan Properties Inc. is a family (now 3 generations) owned and operated Firm since 1979. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! As this market emerges, it is still the wild wild west with unresolved issues on title, zoning, liability, taxation, local government regulation, condominium association and homeowner association regulation, and issues as of yet unknown. It is important to have the documents reviewed by an attorney who is experienced in fractional ownership and can guide you through the paperwork. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Lets take a look in a little more detail. surfing WINTER Time period is finally available for purchase 01/15 to 03/16 every year ocean and Molokai await you every day during your time in this magnificent 3 Bedroom, 3 1/2 Bath residence. May 18, 2018 The owner of a fractional share will also be a member of the Association. A fractionally owned property can be rented out either as a short-term or long-term rental if the ownership agreement allows it. of Maui and should not be relied upon without independent verification. wildlifeif(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'mauihacks_com-banner-2','ezslot_1',137,'0','0'])};__ez_fad_position('div-gpt-ad-mauihacks_com-banner-2-0');report this ad, Copyright 2023 Mauihacks |Privacy Policy, Affiliate Disclaimer: Your support helps keep the site running! Fractional ownership has a lot in common with buying a house together, but there are extra steps involved when it is a private residence, and the owners do not know each other. Posted on Equal Housing Opportunity. Fractional ownership is deeded ownership in a property and the usage time is much longer. culture Platform fee is $500 for any vacation ownership interest which sells for a price between $0 to $5,000. This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. Fraction-Partial-Interval 1 Bay Dr 4506, Kapalua, Hawaii MLS #396815 Listed By: Keller Williams Realty Maui-L View Listing SOLD $370,000 Sold Fee Simple 3 Beds 3 Baths 21 Acres 2,065 ft Fraction-Partial-Interval 1 Bay Dr 3506, Kapalua, Hawaii MLS #396998 Listed By: Keller Williams Realty Maui-L View Listing SOLD $219,000 Sold Fee Simple 3 Beds More info. Your fixed time is two consecutive weeks in Early July each year (weeks 27 & 28) plus one float week (in January,February or Thanksgiving week). This 2 bedroom, 2 1/2 bath fractional ownership interest is truly one of a kind. The resort developer sells fractional shares in the resort. Similarly, determine if you will be financially secure if the property depreciates. in Buying Advice, Education, Hawaii, Kauai, Tips, fractional ownership, Note: Numbering at Residences starts with the building number (1-6), the second number is the floor elevation level (1-6), and the last two numbers are the stack/column (01-08). Copyright, 1995-2015, REALTORS Association of Maui, Inc. All Rights Reserved. A great spot if you are looking to live for part of the year somewhere with history and culture. This deeded, one-twelfth fractional Get notified when we have new listings available for fractional ownership hawaii. Keller Williams Realty Maui-L Active 3-D Tour 1 Bay Dr 4604, Kapalua $259,000 - 2 Beds, 2.50 Baths, 1,776 Sf MLS # 374148 Fee Simple Keller Williams Realty Maui-L View 20 Listings The above consists of all fractionals/time-intervals for sale at the Montage Kapalua. This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. With hundreds of destinations in resorts, villas, and members-only properties, this vacation club offers, Share ownership in $2M $4M vacation properties with one low investment. Pacaso calls its business model co-ownership. Pacaso buys a home using a limited liability company, then sells shares of that LLC to its clients, meaning each buyer gets the equivalent of a few months to use the home each year. Most people are aware of Fee Simple ownership, which is most common. Fractional Ownership. The 3D tour is an actual video of the view from 3605's lanai. WINTER Time period is finally available for purchase 0115 to 0316 every year. Many condo properties also run their own, direct service, so shop around! Bills about converting cesspools and reclassifying agricultural land have been sidelined, but other real estate legislation is either still alive or has been sent to the governor. You can email me at JillCaisey@HawaiiLife.com or via phone at (808) 634-8062. Be clear on exactly what your expectations are. While it is being heralded as a new big thing in real estate, it is also a type of ownership that has seen little government regulation or scrutiny. So 3406 would be building 3, 4th floor elevation, in the 06 stack. 2650 Sq.Ft. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! 055 571430 - 339 3425995 sportsnutrition@libero.it . Your fixed time is THREE consecutive weeks from late March to mid April each year (weeks 12 - 14). Your fixed time is two consecutive weeks in early June each year (weeks 23 & 24) plus one float week (rotating in January-early February or Thnksgiving week). The ground floor residences' patio extends out onto a small private lawn, with easy access to the pool and other common areas. west maui =Each member offers a time when their property is available, and in exchange, they receive keys they can use to stay at other properties. Every day on property you will be pampered by the Montage staff, the twice daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. Find individual Honua Kai properties on VRBO and Honua Kai. Napili is an area known for its old-fashioned charm and picturesque beach (i.e. The Montage Kapalua is Maui's most exclusive residence club. Contact me with any questions or for additional information on listings, the Kapalua real estate market, and the resort. Contact | Sell Your Fractional |Consulting, Copyright 2020 LuxuryFractionalGuide.com | Privacy Policy | Terms & Conditions | Disclaimer, Resources for Hawaii Fractional Ownership, Hawaii Fractional Ownership Options are Still Limited, Fractional Life Announces Its Second Fractional Ownership Expo, New Fractional Residences in Princeville Hawaii, Destination M Mauna Lani Resort Home Hawaii, Exclusive Resorts An Elite Vacation Club, Equity Residences: Private Home Kauai, Hawaii, Equity Residences: Golf Villa Kapalua Maui, Hawaii, Equity Residences: Home with Ocean View Big Island, Hawaii, Equity Residences: Mauna Lani Resort Big Island, Hawaii, Timbers Kiawah Residences Nearing Completion, Orlando, FL New Pre-Construction Condo Hotel, Condo Hotel Tower: Downtown Miami, Florida. This deeded, one-twelfth fractional residences patio extends out onto a small private lawn, with easy access to the pool and other common areas. Leave your opinion here. Views of the ocean and Lanai await you every day, during your time in this very very rare ground floor 3 Bedroom, 3 1/2 Bath residence. natural wonders Future fractional time periods: 2022: May 28 - June 18 2023: June 3 - June 24 2024: June 1 - June 22, Breathtaking views of the ocean and Molokai await you every day, during your time in this 3 Bedroom, 3 1/2 Bath residence. The 3D tour is an actual video of this units views, as it was taken from 3602's lanai. Required fields are marked *. Being directly beachfront on Kahana Beach, residents and guests enjoy one of the most pristine, picturesque settings on Maui Sands of Kahana Map Highlights 196 Units on 4 buildings. A Fractional Single-Family Residence can feel more like a home away from home and is likely to be in a residential area. Specify all contingencies, including home inspection and any repairs to the property. Your chance to own FIVE (5) WEEKS per YEAR of vacation ownership at The Beach House at Lake Street! Starting at $1,125,000. Your fixed time is two consecutive weeks in mid April each year (weeks 14 & 15) plus one float week (in late August through early October). Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! With 5-star service, 5-star amenities, and a 5-star location Montage fractional ownership, Located inside the Mauna Lani resort, this private home has views of the Kohala mountains, a private lagoon style pool, a built-in bbq and wet, Exclusive Resorts is an elite vacation club for affluent travelers. Your fixed time is two consecutive weeks at the end of August each year (weeks 33 & 34) pus one float week (encompassing the 1st five weeks of the year or Thanksgiving week). The Stice Team of Hawaii Life Vacations is stoked to share our newest high-end vacation rental offering in Wailea, Maui:Hoolei , There are different kinds of ownership in Hawaii. The 3D tour is an actual video of this units views, as it was taken from 3705's lanai. Fractional ownership is deeded ownership in a property and the usage time is much longer. Montage Fractional Ownership The Montage Kapalua is Maui's most exclusive residence club. Whenever you want to see it again, you can find it in the menu. Fractional ownership has long been a way for multiple buyers to share in owning a home in Hawaii most often a pricey vacation property on a Neighbor Island. Pacasos second Hawaii home is a three-bedroom, 3.5-bath unit at the Hoolei Villas at Grand Wailea, which is available for quarter-share ownership at $1,886,000. In this page not only will you see properties represented by , but also properties represented by other members of Hawaii Information Service. Check out this guide for timeshare rentals by owner on Maui. This deeded, one-twelfth fractional ocean and Molokai await you every day during your time in this magnificent 2 Bedroom, 2 12 Bath residence. This property has fractional or shared ownership. They create exclusive real-estate partnership offerings, where families can more affordably own distinctive properties in exceptional destinations. ownership, Offering one, two, and three bedroom properties between Kaanapali and Kapalua, the Sands of Kahana is a versatile condo resort that takes a step back from the crowds. Children will adore the aquatic playground, a pool complex that includes waterslides and waterfalls, while couples can relax in one of five hot tubs, or the on-site spa. This deeded, one-twelfth fractional ownership interest gives you 21 consecutive deeded days a year plus access to additional days on a per diem basis. VRBO operates extensively on Maui, and you can find many timeshare properties cared for by the timeshare owner. Fractional Ownership may seem like a foreign term, but it could make the possibility of owning luxury real estate in Maui much more real for some buyers. Each exchange service operates differently. It has been provided by sources other than the Realtors Assoc. hana kaanapali The 3D tour is an actual video of this units views, as it was taken from 3604's lanai. Its somebody who doesnt want a $6 million or $7 million home on Maui, even if they can afford it, because they wouldnt use it, and they cant rent it out because of the laws here, Coons says. A trend of "fractional ownership" allows almost anyone to purchase or invest in real estate. Fractional Ownership is a term that you will begin to hear more frequently on Maui. Dues include annual operating funds, a reserve account for refurbishment, utilities, and property taxes. Check out this guide for timeshare rentals by owner on Maui. Current FractionalListingsBrowse Kapalua NeighborhoodsGet Newest Listings by EmailContact Courtney, Listed By: Keller Williams Realty Maui-L. Breathtaking Views Of The Ocean And Molokai Await You Every Day, During Your Time In This Exquiste 6th Floor 3 Bedroom, 3 1/2 Bath Residence. This 2 BR upper floor residence was the ONLY 2BR ever sold at the property with this time period. With fewer fees, less maintenance, and being able to stay for 60 days, this might be the best way to get away to the islands of Hawaii. MONTAGE KAPALUA BAY/FACEBOOK. Find individual Pohailani properties on VRBO and West Maui Condos. This information is believed to be accurate. oahu Facebook Profile. The company is likely looking for more properties on Maui, and perhaps other islands, Coons says, but since the homes it targets start at over $4 million, its unlikely to compete with many local buyers. Being the oldest of the islands, you are sure to experience a lot here, and there is always plenty of adventure and sightseeing here. Future deeded dates: 2023 January 21-28, June 10 - 24 2024 January 27 - Feb. 3, June 8 - 22, Breathtaking views of the ocean and Molokai await you every day, during your time in this exquisite 4th floor 3 Bedroom, 3 1/2 Bath residence. wailea This deeded, one-twelfth fractional ownership for income if desired. Makena Surf properties are ideal for immersing yourself in the tropical Maui location. Every day on property you will be pampered by the Montage staff, the twice daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. 1995-2016 Honolulu Board of REALTORS. Fractional Ownership at its Best! The two-to-four-bedroom accommodations are uber serene . Maui Fractional Ownership Fractional Ownership is a term that you will begin to hear more frequently on Maui. Elegant and sophisticated, WorldMark Kihei condos are steps away from the ever popular Kamaole Beach Park. Today at least one national company has made more fractional properties available in the Islands, and another could soon join them. The beauty of a private beach, pools, and large residences is unparalleled. From Kaua'i to Tuscany, Aspen to Cabo San Lucas, Scottsdale to Sonomaour luxurious resorts, private residence clubs, and boutique hotel residences are exclusively located in the world's most desirable destinations. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'mauihacks_com-box-1','ezslot_7',136,'0','0'])};__ez_fad_position('div-gpt-ad-mauihacks_com-box-1-0');report this adairport This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. hiking If you have ever been interested in living in Oahu, this might be the best way to make that dream come true. There is no membership fee, only a modest exchange fee each time you choose to stay in a home. Booking directly with the owner can often get you a better deal, and you can learn all about the property along the way. Contact your favorite agent to make an appointment to view. With 5-star service, 5-star amenities, and a 5-star location Montage fractional ownership will meet all your expectations of a fabulous vacation. Our company has built a solid reputation of trust and satisfaction with the West Maui community . We and our partners use cookies to Store and/or access information on a device. Kamaole Sands is only a short walk from the Kamaole Beach Park, and located in lushly landscaped gardens with an excellent swimming pool, you shouldnt miss direct oceanfront access! kapalua Every day on property you will be pampered by the Montage staff, the twice daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. Upcoming deeded time periods: 2024: August 3 - 24 2025: August 2 - 23, Breathtaking views of the ocean and Molokai await you every day during your time in this magnificent 3 Bedroom, 3 1/2 Bath residence. Bi-level condo layout. There are three main exchange services for fractional properties. These are notoriously hard to navigate and resell. This Deeded, One-twelfth Fractional Ownership Interest Gives You 21 Deeded Days A Year Plus Access To Additional D Breathtaking Views Of The Ocean And Molokai Await You Every Day During Your Time In This Magnificent 3 Bedroom, 3 1/2 Bath Residence. A Great Priced Resale With Excellent Views Of Lanai With Sunsets Witnessed Throughout The Winter Months In This Ideally Located 2 Bedroom, 2 1/2 Bath Residence At Montage Kapalua Bay. Typical exit strategies are to hold the property for 10-12 years and sell the home as whole ownership so that all owners can participate in the home appreciation. Golf fans should definitely consider this property: some of the worlds best golf courses are nearby.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'mauihacks_com-large-mobile-banner-1','ezslot_6',158,'0','0'])};__ez_fad_position('div-gpt-ad-mauihacks_com-large-mobile-banner-1-0'); Find individual Kapalua Ridge properties on VRBO, Maui Resorts, and Kapalua Vacations. Upcoming deeded time periods: 2024: January 20 - February 10 2025: January 18 - February 8, Breathtaking views of the ocean and Molokai await you every day, during your time in this very rare top floor 3 Bedroom, 3 1/2 Bath residence. It has been provided by sources other than the Realtors Assoc. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! kula One problem is usage - most people that visit Hawaii can only afford to go for 1-2 weeks. Every day on property you will be pampered by the Montage staff, the daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. Creative Design Hawaii Thrives Making Branded Merch for Local and Mainland Companies, Missing Home, the Chefs of Istanbul Hawaii Recreate the Flavors of Turkey, As House Prices Fall, Condo Prices Are Up in Seven Regions of Oahu, Only in Hawaii: You Own the Home But Not the Land, The Downtown Honolulu Parking Guide is Back, This Nonprofit Helps Kauais Farmers Start Up and Grow, Update on Real Estate Bills Alive or Stalled at State Legislature, My Job Is Preparing Students for Careers in the Music Industry. Get started on your dream home search today! The Amazon founder is not new to Hawaii. Future deeded dates: 2022 Jan 1 - Jan 8, Aug 13 - Aug 27 2023 Jan 14 21 & Aug 19 - Sept 2, This Penthouse 3BR residence has the highest fractional location on property, the views are breathtaking and the lanai offers greater privacy than all other lanai's. Ownership dues have been the same for three years. If they are not clear, it can lead to trouble. Kapalua is a registered trademark of the Kapalua Land Company, LTD. Every day on property you will be pampered by the Montage staff, the twice daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. Built in 1982. 3D Tour was taken from 4705's lanai. These 1/12th ownership residences offer fixed or floating weeks for those looking to own at the Montage Residences at a fraction of the cost. Many of todays fractional owners could afford to buy $6 million condos or homes in Hawaii on their own, but choose not to, often because they dont plan to spend that much time on the island, says Realtor Tyler Coons of Keller Williams Realty Maui, who also owns a luxury vacation rental website called Exotic Estates and a property management company called Welcome Hawaii Properties. The biggest new fractional player in Hawaii is Pacaso, which announced in March that it had entered the local market with its purchase of a luxury three-bedroom condominium at the Kapalua Resort on Maui. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! All information is subject to change and should be independently verified. Site is Managed/Operated by Alex Cortez, of, Alex Cortez - Island Sotheby's International Realty, https://www.hawaiirealestatesearch.com/thumbs/200x200/uploads/agents/2043998399.jpg. of Maui and should not be relied upon without independent verification. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! The Association Dues are paid quarterly. Every day on property you will be pampered by the Montage staff, the twice daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. It happens to be one of the more popular locations among the Hawaii islands, and yet this is not always reflected in the cost of real estate. If you like natural greenery, then Kauai could be a perfect choice. Copyright 2016, Hawaii Information Service. This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. A fractional share consists of: A 1/6 th ownership share of an apartment in the plan under an apartment deed and ground lease; the right to use that unit, its furnishings, and the amenities of the condominium project for about sixty days each year. Fractional owners usually have 6 weeks or up to 3 months of usage. beaches lahaina Besides getting to know your future partners, this gives you the chance to ask the current owners how they like it, and if ownership is working well for them. Fractional Ownership at its Best! At the time of the release in 2009,177 fractional interests were sold. The View Recent Montage Residences Kapalua Bay Sales. How it Works. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! There are three types of fractional ownership plans available at the Montage resort. Enjoy the convenience of annual occupancy in your unit with a smooth check-in procedure at the Front Desk. Hawaii shared ownership is spearheaded by Lifestyle Asset Group, the pioneer in luxury vacation-home partnerships. This deeded, one-twelfth fractional ownership interest gives you 21 consecutive deeded days a year plus access to additional days on a per diem basis. Hi, Grat article! South of Wailea, and bordering the Makena State Park, these rental units sprawl across the pristine Makena coastline, which is largely free from development. 3D Tour was taken from 4404's lanai, the Video/Virtual Tour depicts the interior floor plan/ furnishings of an identical 3BR (ignore the rear BR with 2 beds). Like Whole Ownership, the Fractional Ownership in the Private Residence Club is a true real estate asset deeded into perpetuity.
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