Ritz Carlton Residence 1614-1616 is a two bedroom three bath condominium, including a den and kitchen, with premium ocean views from every room. The air-conditioned space is 1333 square feet, plus an additional 317 square feet of lanai space. The property is fully furnished and maintained to Ritz Carlton's exacting standards and includes everything down to linens and kitchen utensils. The unit was completely updated with new finishes and all new furniture in late 2016 at a cost of $125,192. This condominium is in the Ritz Carlton Hotel rental program which allows owners up to 60 days of usage annually as a personal vacation home, with many exclusive benefits. The property generated Gross Revenues of $328,296 in the 12 months from August 1, 2017 to July 31, 2018 with approximately 30 days of owner usage. After paying splits to Ritz Carlton, all HOA dues, all Furniture Reserves, all utilities, all maid services, ALL other expenses (except property taxes and property insurance), net revenues to owner for this period were $108,873. This property is classified as Ocean View (the highest occupancy category) by the Ritz Carlton Hotel Rental program and as such generates good revenues. This is a fully turnkey property providing owners and guests with superb accommodations and world class services, within the splendor of Kapalua Resort with its unmatched Golf Courses, pristine beaches and scenic hiking. Contact listing agents for further details and a list owner of benefits.
Underground Electricity, Private Water
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