3811 Edward Rd

Description

MOTIVATED SELLER! The $17,000 List Price is far below the Developer's current sale price of $42,000+. This could be a multiple offer situation.THIS IS A FRACTIONAL OWNERSHIP PROPERTY. Owners receive a fee-simple undivided interest in a condominium with use rights for the four-bedroom unit for two-weeks each year, beginning 2021. This ownership comes with points which can be used to reserve other units, outside their deeded season, residence type and home resort.THE PROPERTY IS ZONED AND APPROVED FOR NIGHTLY RENTALS. In 2019 the average rental rate was approximately $500-$1,000/night. The Cliffs is the perfect island retreat. Located on adjacent to Hanalei Bay beaches, this spacious villa includes private lanais, full-sized kitchen, washer and dryer, generous living and dining areas, and Wi-Fi. The beachfront resort includes on site amenities including multiple pools, spa, tennis, restaurant, gym, full concierge, security, spa and other services.PAYMENT IS MADE VIA CREDIT CARD OR PAYPAL. Due to the extremely low price, payment is accepted via Credit Card or PayPal. Financial may be available to buyers through outside sources such as personal loans or low-interest credit cards. Seller does not provide any financing options. The Maintenance Fee includes all property taxes, HOA fees, common area fees, maintenance fees, housekeeping and a reserve to upgrade all furniture, fixtures and appliances, typically every 5 years. Maintenance fees are due on January 1 of each year. The total maintenance fee for this property is $4,818 per year ($2,409 per week). Some buyers purchase these for personal use. Others add this to their commercial rental portfolio with significantly above-market rental returns.*Disclaimers: Prices quoted are deemed accurate, but may fluctuate according to developer marketing strategies, individual sales, or changes in developer and resale market conditions. Past rental performance is no guarantee of future revenue.