Fractional/Shared Ownership Listing. Old Price: $182,999 New Price: $175,500
Deeded fee simple ownership for Interval AUGUST 15 to OCTOBER 14 every year. Can be paid off free and clear for similar amount as down payment on a similar condo. Located in Princeville’s prestigious gated community of the Villas of Kamali’i, you will enjoy panoramic mountain views, heated swimming pool, spa and barbecue area, not to mention being minutes from some of the most beautiful beaches in the world. A Honda Pilot SUV is included and the garage plus dedicated outdoor parking area makes for convenient ease of use. This beautifully furnished turnkey townhouse style condo offering sits overlooking the Makai Golf Course with great views and cool trade winds. All costs for operating the condo are equally shared by the six fractional interval owners and include all utilities, internet, phone, TV, homeowners association dues, taxes, insurance, vehicle costs, and a reserve allowance for replacement of furniture, appliances, and vehicle. Cost savings from not having to rent a vehicle for 2 months compensate for a large part of each owner’s total annual costs. Each owner’s annual operating costs for 2019 is $4,962 (includes $800 reserve) billed quarterly at $1,241.