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Compare these "lodging units" with those at the nearby Kauai Beach Resort.
Islander on the Beach is a low-rise resort condominium complex on Kauai's East Side in an area called the Coconut Coast. It's an oceanfront complex with 8 buildings and 203 units, most all with 372 square feet of living space. It's located within a short stroll to the Coconut Marketplace with restaurants, night clubs, gift shops, clothing boutiques, jewelry, and art galleries. A nice sandy beach is in front of the complex and many sights and attractions are just a short drive away.
These are converted hotel units that were gutted, very nicely refurbished with tropical decor, and sold to individual owners in 2005, a renovation of approximately $10 million. Most lenders classify these units as "lodging units" because they don't have a full kitchen and have quit making loans on these types of condos. Fortunately the price point is much more affordable compared to Kauai's luxury resorts so an all-cash purchase is within reach of many. Price history for this project is shown below.
AOAO Management is by Aston Hotels & Resorts (formerly ResortQuest). Their number is 808-931-1400.
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The floor plan for all units but two is available for your review
The Islander on the Beach website is available, much of the content requires owner login.
NOTICE: Listings are from the Maui Multiple List Service. Listing descriptions & photos have not been reviewed, approved, or endorsed by this REALTOR.
|Disclaimer: Information herein is deemed reliable at time of publication but due to extensive content is likely to contain some inaccuracies; information deemed important to a decision to buy or sell must be independently verified.|
Richard Dolbeare, R(B), ABR, CRS, e-PRO, RSPS, BS/MS (808) 651-4550 Aloha@eXp808.com | HI Lic. # RB-20941
eXp Realty, 500 Ala Moana Blvd., #7-400, Honolulu, HI 96813