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Maui Sands Of Kahana Owners?

Lets Get Going

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I found this seemingly "incredible" deal on ebay, but I would like advise... along with the MF of $1105, they are quoting taxes and an additional $318 fee. Is this normal? I don't believe I've noticed it on any other listings for this resort. Here's how it's worded...

"$1105.00 annually beginning Jan 2009.
Taxes run about $506.30 per year. There is also a $318.64 per week loan that they got for 10 years to buy the property out past the 2036 date that it was due to expire. It now is owned and not leased! This is passed along to all of the owners and it is a good thing! The $318.64 has 9 years left on it."

What are they talking about? I don't want to ask the seller, I'm sure he'll tell me it's legit.
 

helen

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That is probably true. It sounds like it is for the three-bedroom. The real estate taxes were separated out from the maintenance fees a few years ago because Maui real estate taxes had skyrocketed. There was a land lease attached to the property. The landlease was recently purchased with a loan. The extra amount for ten years is the amount to purchase the landlease. However, the current landlease still has to be paid. For detailed information, contact Consolidated Resorts (the manager of the resort). They should be able to verify the numbers for you.
Consolidated Resorts Management - Maui Office
10 Hoohui Rd. Suite 108 Lahaina HI, 96761
Direct: 808-665-0204
Fax:808-665-0304
 

janapur

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That is probably true. It sounds like it is for the three-bedroom. The real estate taxes were separated out from the maintenance fees a few years ago because Maui real estate taxes had skyrocketed. There was a land lease attached to the property. The landlease was recently purchased with a loan. The extra amount for ten years is the amount to purchase the landlease. However, the current landlease still has to be paid. For detailed information, contact Consolidated Resorts (the manager of the resort). They should be able to verify the numbers for you.
Consolidated Resorts Management - Maui Office
10 Hoohui Rd. Suite 108 Lahaina HI, 96761
Direct: 808-665-0204
Fax:808-665-0304
Perfectly stated and absolutely correct. I would also guess that this is for a 3BR unit. These units are huge.
 
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