Built during the years 1987 and 1988, is this complex with 104 townhouses. Each of the homes are located on the marina and range from a single story 2-bedroom and 2-bath to a two-story 3-bedroom and 2-bath townhouses Sizes range from 1,01201,146 sq ft for the 2-bedroom and 1,406 for the 3-bedroom. 2nd floor units have lanais overlooking the marina while first floor units have lanais right at the waters edge, many of which have boat docks. Many of the homes are in leasehold which are fixed until 2019 and expire in 2044, which make this location very desirable in the area. A gated entrance and extra storage are two of the amenities in this complex. The 10 sales in 2007 ranged from $440,000 (FA) to $590,000 (FA) and $795,000 (fee simple). Of the 8 sales in 2008, 6 of them were leasehold, ranging from $430,000 for a 2-bedroom to $523,000 for a 3-bedroom which included a boat dock on the upper level. The fee purchase is about $250,000. 3 homes were sold in 2009 for $585,000 and $627,000 (fee simple) as well as $340,000 (LH).
$88,000 Price reduction!!! Extremely-coveted waterfront property at the highly-desired Mawaena Kai. This particular line has not been available for nearly 10 years! Enjoy...
Listing courtesy of Island, REALTORS.
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