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        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/what-is-a-cpr/</link>
        <description>Courtney M. Brown, Realtor (S) Blog: information on the Maui real estate market, trends, and listings. Homes, condos and land for sale.</description>
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    <guid>http://www.luxuryrealestatemaui.com/blog/spotlight-launiupoko-home-listings-sales-market-report-november-2023.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/spotlight-launiupoko-home-listings-sales-market-report-november-2023.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Spotlight: Launiupoko Home Listings &amp; Sales | Market Report November, 2023</title>
    <description> <![CDATA[ 
Discover Launiupoko


Nestled on the picturesque slopes of West Maui, Launiupoko is a hidden gem that offers a serene escape. This idyllic community is known for its sprawling acreage, stunning ocean views, and a tranquil lifestyle that blends open space with the charm of island living. The area is zoned agricultural, providing a perfect blend of natural beauty and rural living, making it one of Maui's most sought-after locations. 


In Launiupoko, you will note the presense of many CPR &quot;Condominium Property Regime&quot; Properties.  The CPR process allows a property owner to create a minimum of two separate condominiums (most typically a main home lot and an ohana lot).  There can be additional &quot;condominiums&quot; which are for ag use only.  Read More about CPRs





View Current Listings: Launiupoko Homes for Sale


Launiupoko Homes Active Listings






Launiupoko Homes


All


No CPR*


Main Home Lot CPR


Ohana Lot CPR




Active Listings


11


2


 5


4 




Volume


$65,768,000


$15,249,000


$36,095,000


$14,424,000




Low LP


$3,375,000


$4,249,000


$4,700,000


$3,375,000 




High LP


$11,000,000 


$11,000,000


$8,595,000


$4,100,000 




Average LP


$5,978,909 


$7,624,500


$7,219,000


$3,606,000




Average LP/Sq. Ft


$2,324


$2,206


$1725


$1786 




Average Sq. Ft.


3128


4157


4259 


1201




Average Beds/Baths


3/4


4/4


4/5


2/2 




Average DOM


106


81


139


77






Launiupoko Homes Pending Sales 






Launiupoko Homes


All


No CPR


Main Home Lot CPR


Ohana Lot CPR




Pending Listings


3 


0


1 


2




Volume


$8,700,000


$0


$4,200,000


$4,500,000




Low LP


$1,500,000


$0


$4,200,000


$1,500,000  




High LP


$4,200,000


$0


$4,200,000  


$3,000,000  




Average LP


$2,900,000


$0


$4,200,000  


$2,250,000  




Average LP/Sq. Ft


$1892


$0


$1,429


$2,124




Average Beds/Baths


3/3


NA


4/4.5


2/2.5




Average DOM


196


NA


141


224






Launiupoko Home Sales (Since January 2023)






Launiupoko Homes


All


No CPR


Main Home Lot CPR


Ohana Lot CPR




Sales


13


5


4


4




Volume


$76,453,758


$38,480,000


$28,123,758


$9,850,000




Low SP


$2,100,000


$3,900,000


$5,950,000


$2,100,000




High SP


$9,750,000


$9,750,000


$8,023,758


$3,200,000




Average SP


$5,881,058


$7,696,000


$7,030,939


$2,462,500




Average SP/Sq. Ft


$2,227


$2,545


$1,599


$2456




Average Beds/Baths


3/4


4/4


 4/5


2/2 




Average DOM


132


164


125


99






Launiupoko's real estate market showcases a dynamic environment. The diversity in property types and pricing caters to a wide range of buyers, from those seeking farm properties to smaller homes to larger estates.  The location at the South end of West Maui is close to Launiupoko beach park.  It has some of the largest homesites in West Maui, yet is one of the closest communities to Central and South Maui. 


This comprehensive snapshot of the Launiupoko real estate market highlights the area's allure and the variety of opportunities it offers. Whether seeking an area to farm, large acreage for a peaceful retreat or a luxurious estate, Launiupoko has a variety of options in its picturesque setting.



*When looking at properties in Launiupoko it is important to look at whether the property being offered is for a main home plus an ohana (No CPR), or if it is for a main home only, ohana only, or farm land only.     


**While the Maui County guidelines may dictate an Ohana CPR building should be no more than 1000 sq. ft. some as builts vary and some listings include other structures that may or may not be permitted, such as a barn.
 ]]> </description>
    <pubDate>Sat, 11 Nov 2023 16:48:00 -1000</pubDate>
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    <guid>http://www.luxuryrealestatemaui.com/blog/faqs-what-is-a-cpr.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/faqs-what-is-a-cpr.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>FAQs: What is a CPR?</title>
    <description> <![CDATA[ 
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 &quot;So You want to go Condo&quot; that a CPR or Condominium Property Regime is a &quot;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 property.&quot;  Essentially, a Condominium Property Regime (CPR) is a legal framework used to divide a single property into two or more separate units of ownership. 


Here are some key points about CPRs:






Division of Property: A CPR allows a single property to be legally divided into multiple units of ownership, each with its own separate ownership and TMK (Tax Map Key) number. These units can be independently sold or leased. CPRs can apply to a range of property types, from offices, single family homes and agricultural plots. (1)






Legal Mechanism: The process of creating a CPR is governed by the Hawaii Revised Statutes. It may involve the creation of &quot;appurtenant exclusive-use limited common elements&quot; like yard areas, which are areas exclusively used by the unit owner.  Maintenance may be the responsibility of the owner or maintained by the CPR association​​.






Ownership and Governing Process: CPRs establish a specific form of ownership and a governing process when real property is converted into a condominium. This conversion is recognized as the ownership of an apartment (or unit) along with a percentage of undivided interest in the common elements of the property​​​​.  In the case of a residential CPR, you may see common elements such as shared driveways or fences, and limited common elements such as yard spaces that are exclusively for the use of the condominium owner.  






Requirements: For a property to be submitted under a CPR, it must contain two or more units as defined by Hawaiian statute. This means that the process is not just limited to high-rise buildings or traditional condominiums but can also apply to various types of real estate, including detached homes and townhouses.  The CPR must be registered with the DCCA before being offered for sale, and file the Developer's PUblic Report, which is a disclosure statement for prospective purchasers.  This will include a description of the condominium project, including the permitted uses, restrictions, warranties and encumbrances. (1)




Considerations: Interested parties should have an attorney review the CPR documentation to verify permitted uses and to understand their liability and responsibility for any common areas.  This can be important should a buyer wish to make changes to the structure or use of the property.  As with any purchase, it is recommended the Buyer verify all permits have been finalized by the County.




Overall, the CPR concept in Hawaii provides a unique and flexible way to manage and own property, reflecting the state's specific needs and conditions.  It can allow financial flexibility for a land owner to develop their parcel, sell off the main home or ohana, and keep the remainder.  


Interested parties should consult the appropriate county agency to determine applicable land use and zoning requirements.  This information is provided using the following resources which are subject to change:


1. So You Want to Go Condo2. 514A-Condominium Property Regimes 20193. 514B Hawaii Revised Statutes 
 ]]> </description>
    <pubDate>Sat, 11 Nov 2023 16:42:00 -1000</pubDate>
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