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Seller: anastasia477 (135) 100%, Location: Kihei, Maui, Hawaii, Ships to: CA, US, Item: 161833758051 2017 maintenance fees now included. Tired of timeshares in large, over-crowded developments where you have to get up at the crack of dawn just to reserve a lounger by the pool? Want to get more value for your money, and have a say in how it's spent? Consider buying a stake in this amazing oceanfront 12 unit, 2 storey condo building in Kihei, Maui. This is a rare and exciting opportunity to own an affordable piece of paradise, with rights to 2 WEEKS ANNUALLY of SUMMER time (rotating mid-June to mid-Sept) in one of these beautiful condos. THE PROPERTY The property is collectively owned by a non-profit holding company, registered in Hawaii and in Canada. Shareholders enjoy the benefits of shared ownership. Each share is 1/312th stake of the entire property, including the building, parking lot and common areas. THE BUILDING/CONDO UNITS/GROUNDS The building is located in a small, gated community. It has 6 units on the ground floor (one is handicap-accessible) and 6 units on the top floor. Units sleep a maximum of 4. Top floor units have beautiful wood-beamed/wood-clad cathedral ceilings and private balconies. Ground floor units have private lanais/patios. All units have ceiling fans in the dining/living rooms and bedrooms**. Stainless steel appliances. In-room safes. The property also has a heated, salt-water swimming pool, tiki torches to make evenings bright and authentically "Hawaiian", two large barbecues, two front-load washers/dryers, ample parking for 1 vehicle for each unit, tropical plants including banana, lime and mango trees (fruit can be picked fresh from the tree). There is also a very large state-owned adjacent lawn, equipped with loungers - perfect for morning yoga, reading a good book under the shady banyan trees, watching sunsets, or for star-gazing at night. Beyond the lawn is the ocean/beach - perfect for long morning walks searching for seashells and beach glass. **Air conditioning is not offered at this property. Trade winds help to cool the units. THE COMPANY The holding company, Caloha Holdings Inc (Hawaii) and Caloha Recreation Company (Alberta), is non-profit and managed by a board of directors in Calgary, Alberta, Canada. Caloha is in good financial shape with a solid reserve fund. Caloha was formed when the property was built 40 years ago, and has owned it since. Kapulanikai is the sole property and exclusive holding of Caloha Holdings, Inc. OWNERSHIP Owners have voting privileges, and the opportunity to serve on the board, if desired. Upon purchase, you will be issued with a Share Certificate that has a unique number, entitling you to shareholder benefits, including 2 weeks annually in one of the condos. Shares are fully transferrable - you can sell, give or will your ownership to another. RCI AFFILIATION The property is associated with RCI (Resort Condominiums International), which allows owners the option to join RCI (for a fee) and trade their Hawaii time for red (peak) time anywhere worldwide at over 7,700 different properties. Membership in RCI is not a requirement, however. These shares are considered RED (prime/premium) time for trading, even though they are summer shares. All Hawaii time for RCI is RED time. COSTS As an owner, you will also share in the ongoing expenses by way of maintenance fees (payable October 1st annually). There are no hidden costs - no closing costs, no title transfer fees, no administration fees, no lawyers' fees, no resort fees, and taxes are included in the maintenance fees. ***NOTE that this years' current fees (period from Oct 2016 - Oct 2017) of $1,450 CDN are included in the sale price.*** This means you can stay for two weeks in summer, 2017 and not have to pay any maintenance fees until October 1st, 2017, for your stay in summer, 2018. (Fiscal period is from October 1 - September 30th, annually.)METHODS OF PAYMENT - personal cheque written on a Canadian bank account, bank draft, cashiers' cheque, bank direct transfer, credit card (through "Associations Plus", our administrator), or Paypal.Please contact lister for more details, a schedule of 2017 & 2018 summer share time available, and how you can "check it out" risk-free.Please note that this share is for summer (June to September) time only. Winter time is a separate auction. Condition: Two weeks annual rotational time June-Sept. NO CLOSING COSTS WHATSOEVER, Seller State of Residence: Alberta, Property Address: 73 West Kapu Place, Kihei, MAUI, Zip/Postal Code: 96753, Resort Name: Kapulanikai, Type: Beach/Ocean, Demand Color Code: Red - High, Number of Bedrooms: 1, Number of Bathrooms: 1, Square Footage: 600, Maintenance Fees (dollars): 1400, State//Province: Hawaii, Washer/Dryers: On-site laundry

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