5-7130 Kuhio Hwy Unit L1, PRINCEVILLE, HI 96722

Property Description

This property has fractional or shared ownership. Most fractional listings are only 8 weeks of time, however, this is a very rare and sought after 10 week fractional segment in mainland winter months! Time period is Feb 8th thru April 18th. Escape from the mainland winter freeze for 2.5 months out of every year and enjoy the gorgeous north shore of Kauai Hawaii for 10 weeks every year for just $135 a night in expenses after your initial $230K investment. $135 a night includes all property taxes, all fees, all maintenance, and all utilities. The published nightly rental rate on these condos is approximately $350 a night and there are 18% taxes and cleaning fees on top so over $400 a night to rent in this prestigious oceanfront project. Hanalei Colony Resort is a small luxury boutique beach resort located next to some of the best beaches in the world. Only 100 steps to the water so you can roam on pristine gold sand beaches for miles including Lumihai Beach, Tunnels Beach, and Ke'e Beach during some of the best months of the year on Kauai. This gorgeous condo has a lovely ocean view and a beachfront restaurant and bar on the grounds. There's also a coffee bar, health spa, art and fine jewelry gallery shop and front desk concierge as well. The pool and BBQ area was recently completely renovated and includes a large hot tub. Ownership is shared with 3 other owners. This is a fee simple fractional listing, not a timeshare, with ownership held in an LLC. Unit comes fully furnished with everything to make your Kauai beach vacation amazing and comfortable. All cash purchase only as there is no financing available for fractional listings. Get out of the winter chill and thaw out on Kauai's north shore for 10 weeks a year with this amazing beachfront fractional ownership condo!