Nov. 27, 2011

Kaanapali Royal Condo Price Reduction

"Great investment opportunity in Kaanapali Royal for $499,000."

Kaanapali Royal condos are well known to anyone who has stayed in Kaanapali. There are many repeat customers once they get a taste of the comfort these spacious condos in Kaanapali have to offer. Based on their price per square foot, the Kaanapali Royal condos for sale are the best value on the island. At around 1,500 square feet for the 2 bedroom model, you are very comfortable on a short stay or when used as a second home.

This third floor condo for sale in Kaanapali Royal (MLS #344484) was priced at $595,000 when originally listed and has now been reduced to $499,000. Kaanapali Royal started out as leasehold condos, but many of the owners have paid the fee to convert them to fee simple and that can be reflected in the sales price. The average difference in price between a fee simple and leasehold condo in Kaanapali Royal is around $150,000. Some of the sold comps reflect the leasehold status and were much cheaper.

Kaanapali Royal Condos for sale

Kaanapali Royal Sales History

  • Kaanapali Royal #P102 - sold for $375,000 on 7/18/2011, DOM 213.
  • Kaanapali Royal #K302 - sold for $519,000 on 4/26/2011, DOM 111.
  • Kaanapali Royal #D302 - sold for $550,000 on 8/24/2011, DOM 179.
  • Kaanapali Royal #L202 - sold for $605,000 on 3/29/2011, DOM 48.

In their hay-day a few years ago, the condos for sale at Kaanapali Royal were selling around $1,000,000. The only down side I see to these great condos is the fact the third floor does not offer any elevators. They have great views, but you will have to get used to a few steps. Kaanapali Royal is located right on the golf course at 2560 Kekaa Drive, across the street from Whalers Village and Kaanapali Beach.

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