Wailea Inn

WAILEA INN MAUIH A W A I I

WAILEA INN MAUI

Wailea Inn is legally operated as a turnkey Vacation Rental of four unique accommodations with exceptional strong cash f low. Recent renovations include new electrical, plumbing and f looring, new bathrooms and bedrooms, and new roof and stainless steel appliances. The renovation and redesign was led by renowned designer, Xorin Balbes, known for his remarkable restorations of several architecturally signif icant properties such as the Sowden House and Talmadge Villa in L.A., the award winning restoration of the 1929 Art Deco Security-First Pacif ic Bank, and the Lumeria Maui retreat center.

Property features peaceful and tranquil surroundings across the street from the beach, a private gated entrance, lush tropical landscaping, pool deck with two spas, indoor yoga studio and large trellis-covered deck great for outdoor dining, lounging and entertainment. This property is priced for sale at a 6.2% CAP rate based on 12-month projected numbers from 2015 bookings to date. The property has exceptional upside potential and benef its from strong revenues and occupancy. With limited competition in the market for this type of product, this property is an exceptional investment opportunity.

Conveniently located in South Kihei, Wailea Inn is steps away from the beach, restaurants, shops and Kalama Park. Situated directly across from the Cove, visitors can walk across the street to surf, stand up paddle, canoe and snorkel in calm consistent conditions ideal for learning.

This luxury, gated, private estate offers four separate luxury accommodations ranging from a two-bedroom unit to a six-bedroom unit. The Inn can sleep up to 30 and has thrived as a destination for family holidays, retreats, reunions, weddings and special events.

LELE PENTHOUSE

This luxurious penthouse includes: 6 bedrooms, loft area, 5 full baths, 2 half baths and is tastefully decorated with upscale furniture and exquisite modern simplicity. The Penthouse can sleep up to 14 comfortably. Enjoy ocean views from all three lanai’s, barbecue on the dining room’s outside deck, and relax in the elegant living rooms while watching a movie on the large f lat screen TV. The penthouse boasts all of the amenities including air conditioning and a private entrance to the heated pool area in the backyard.

6 BEDROOMS5 BATHROOMS

4,279 SQUARE FEETSLEEPS UP TO 16 PEOPLE

POOLSIDE BUNGALOW

A three-bedroom bungalow with two baths, comfortable living room with upscale furniture throughout and full kitchen, f lat screen TV and air conditioning, a private entrance to the pool and a charming seated lanai with double-dutch doors opening to the gardens with a private lanai. This unit is at ground level, easy in and out and will sleep up to 6.



LELE HIDEAWAY

3 bedroom hideaway with two baths and two private entrances to the pool, upscale furniture throughout, large f lat screen TV, air conditioning, and a full kitchen. This unit is at ground level and can sleep up to 6.



OHANA HALE

2 bedroom with all new decor, large f lat screen TV, air conditioning and two private entrances to the pool as well. Newly remodeled kitchen with bar seating and a dining table. This unit is at ground level and can sleep up to 4.


900 SQUARE FEETSLEEPS UP TO 4 PEOPLE

GENERAL PROPERTY INFORMATION

11 full bathrooms plus two half baths

14 bedrooms

Dining Rooms with seating up to 22 and more and 4 full kitchens

Lots of lit tle nooks for privacy

Private pool, 2 spas, 2 outdoor showers and BBQ area

Indoor Yoga studio

Walk around deck facing the ocean

Whale watch deck

Private gated entrances

Close proximity to shopping, restaurants, park, movies and the beaches

Private bamboo retreat and garden meditation areas

Tropical Landscape

Accommodations up to 30 people

Legally operated as a Vacation Rental in the State of Hawaii

Zoned for transient vacation rentals per the County of Maui

FINANCIAL INFORMATION

PRICE: $7,995,000

NUMBER OF UNITS: 4RENTABLE SQ. FT: 10,000

YEAR BUILT: 1984CONSTRUCTION: Steel and concrete

CAP RATE (2015): 6.2%GROSS INCOME (2015): $763,712

EXPENSES (2015): 267,035NET OPERATING INCOME (2015): 496,667

A GLOBAL MARKETING & SALES ORGANIZATIONwith of f ices in Beverly Hills, Beach Cities, Brentwood, and Los Cabos An international associate of Savills

ALEX [email protected]

310.405.5666

BILLY [email protected]

424.230.3702

THE AGENCY331 Foothil Road Suite 100

Beverly Hills CA 90210

THEAGENCYRE.COM

Wailea Inn

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