$499,000

SELLER FINANCING: Seller will carry a first mortgage at 7.5% with 30% down for a 3-to-5 year term to qualified buyers. Unit L-202 at the Maui Eldorado is a bright and spacious fully tiled second floor location with a view of the ocean and the island of Molokai in the distance. Enjoy shady mornings on the fully covered 28 foot wide lanai. Lots of storage with two owners closets, side by side washer dryer and great full sized kitchen. Both Bathrooms were recently remodeled in 2020 with walk in showers and tile throughout. Raised ceilings that accommodate fans in each room give extra height for a visual appeal. Maui Eldorado is known for their spacious interior's; large covered lanai's, wonderful walking paths; private beach cabana and close proximity to Whalers Village for shopping and restaurants. Other amenities include 3 pools, exercise room, spa and covered parking. The maintenance fees include all utilities, e.g. electricity (central air conditioned), water, sewer, trash, wi-fi internet access, cable television, local telephone service, storm & flood and general liability insurance as well as security. The maintenance fees also includes a monthly contribution to the capital reserve fund for major components of the building, e.g. roofs- (just replaced this year), painting, pools, spas and other amenities. You only have to write one check to pay all of your bills. Excluded in the sale are the two metal pictures of Lahaina in living room and whale carving on desk. Please note this is a Leasehold property, so there is a leasehold rent paid monthly to the Ralph Hoyle estate. Lease will renegotiate 2029 and expires end of 2043. The property includes 10% fee simple interest in the land. Maui Eldorado is officially moving forward in Maui's council-initiated hotel rezoning process under Resolution 26-111.