106 Kaanapali Shores Pl Unit 707, Lahaina, HI 96761

Property Description

Unrivaled position meets unmatched performance at Maui Kai, legendary for being the absolute closest condominium to the ocean on Maui—a title it has proudly held since 1970. This seventh-floor, direct oceanfront studio maximizes its rare geographic advantage to deliver a true powerhouse real estate asset with five-figure rental income potential. Even during recent broader market shifts, this property maintained an incredible occupancy rate of nearly 80%. As West Maui tourism firmly rebounds, this unit is perfectly positioned to capitalize on rising demand, higher average nightly rates, and accelerating revenue. Offering a flawless, fully furnished, "no touch" turnkey setup, it is primed for a savvy investor to take over and start generating exceptional cash flow from day one. Step inside to a masterfully updated space, completely renovated with $75,000 in premium upgrades. Live, sleep, and wake up to the rhythm of the waves, sipping your morning coffee with front-row views of surfers working the Rainbows break, taking in the dramatic twin-island vistas of Lanai and Molokai, and watching whales breaching in season all from your private sanctuary. The interior features a well-equipped full kitchen with a brand-new dishwasher installed in June, a new central air conditioning system, and a comfortable living area with a TV and sound dock. A convenient sofa bed provides essential second sleeping space to maximize booking capacity. Framing the ultimate ocean view is a high-end sliding glass door that was just replaced at a cost of $17,000, and buyers can enjoy complete peace of mind knowing that the $7,500 special assessment for this front door has already been fully paid out by the current owner. The Maui Kai complex is meticulously maintained, boasting several major capital improvements completed recently with no current or pending assessments in place. Recent upgrades to the property include a comprehensive building spalling project, fresh exterior and pool area painting, brand-new elevators, and a central A/C replacement completed at zero cost to the owners. The resort amenities deliver everything a high-end guest expects, featuring an inviting lobby, two elevators, a large heated pool and spa, a spacious pool deck with a cabana, gas BBQs, and a clubhouse with a full kitchen and ping-pong table built for entertaining. Free WiFi and basic cable are also included in the maintenance fees. Situated oceanfront in North Kaanapali, the location places guests just steps away from world-famous beaches, premium dining with Duke’s just two doors down, and endless recreation. Owners and visitors can play 18 holes of PGA-level golf at the nearby Plantation Course or the Ka’anapali Courses, head to Honokowai Beach Park less than a mile away, or spend the afternoon shopping and dining at Whaler’s Village. Warm ocean swimming and world-class snorkeling are literally right out your front door. Whether you are looking for a proven income producer, an elite asset for a 1031 exchange, or the perfect personal second-home getaway, this unit delivers on every front. The property is heavily booked and consistently occupied by happy guests, so please call ahead to schedule showings between stays.