Introducing the Montage Residences Kapalua Bay: Residence 5202
Posted
by Courtney M. Brown
on Friday, February 26th, 2016 at 11:06am.
Introducing the Montage Residences, Kapalua Bay: Residence 5202
This past week, the Montage Residences Kapalua Bay was awarded five stars by the prestigious Forbes Travel Guide. Spa Montage was also awarded four stars, joining the ranks of 180 spas worldwide in the revered travel guide.
The Montage Residences Kapalua Bay presents an incredible opportunity to own a luxurious private residence with the amenities and services of a five star hotel.
Montage Residences 5202 enjoys a westward orientation, perfect for watching sunsets while overlooking the world famous Kapalua Bay. The generous outdoor lanai offers ample room to entertain or just relax. Top of the line appliances and finishes throughout, this home has the added benefit of an additional lanai off of the guest bedroom with lush green surroundings. Amenities include private elevator access, 2 underground parking spaces, valet service, on-site restaurants and bars, room service, concierge, two swimming pools, and beach access at Kapalua Bay Beach.
Built in 2009, it is one of the Kapalua Resort's newest oceanfront properties and allows vacation rentals, as a function of it's hotel zoning.
Managed by Montage Hotels and Resorts, the luxury hotelier has revived the property and added many wonderful features along with impeccable service and amenities. All current Montage Residences Kapalua Bay listings follow at the end of this post.
Since the new ownership began sales under the Montage hotel brand in July, 2014, there have been 18 sales:
15 three-bedroom residence sales (two of which were resales), ranging from $3,125,000 to $4,900,000, with an Average Sales Price of $4,478,666 and $1576/sq. ft.
The oceanfront three-bedroom residence sales have ranged from $4,300,000 to $4,800,000, with an Average Sales Price of $4,655,454 and $1633/sq. ft. The ocean view three-bedroom residence sales have ranged from $3,125,000 to $4,900,000, with an Average Sales Price of $3,992,500 and $1420/sq. ft. It should be noted the low sale had a very limited ocean view and the high sale was for a Penthouse with kitchen and lighting upgrades.
3 oceanfront four-bedroom residence sales ranging from $7,500,000 to $8,250,000, with an Average Sales Price of $7,833,33 and $1932/sq. ft.
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-250-0210
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