FAQs: What is a CPR?
Most people are familiar with a condominium, yet many may not be aware that a Residential Condominium can be created on a lot whereby there are two or more residences that are part of a condominium. You may see this in areas are where there is larger acreage and the HOA allows CPRS, such as Launiupoko in West Maui.
In the MLS you will see a Main Home (call it Condo A), an Ohana (call it Condo B), and sometimes a designated area for Ag use only (call it Condo C).
The DCCA Hawaii notes in "So You want to go Condo" that a CPR or Condominium Property Regime is a "specific form of ownership and governing process created when real property is submitted to the condominium property regime, a process often referred to as CPRing a
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The latest statistics from the Realtors® Association of Maui for October 2023 paint a dynamic picture of the real estate landscape in Maui County. Here's a breakdown of what's happening in the homes, condos, and land markets.
Wailea Resort Condominiums