1440 Front St in Front Street - $1,799,000

BIG PRICE IMPROVEMENT! REDUCED BY $200K! MUST SEE UNIQUE 5BD/6BA HOME, approx 2,200 sqft with DETACHED GARAGE, and OVER 900 SQFT of COVERED LANAI AREA...LOTS OF OPTIONS TO EXPAND AND CUSTOMIZE TO YOUR LIVING STYLE AND NEEDS! Currently being used as a permitted B&B....The Moana Lani ("Heavenly Ocean") B&B is a licensed and highly successful lodging accommodations with over 930+, 5-star reviews on AirBnB. Its location is a classic beach community, with the bustling vibe of downtown Front St just a bike ride or stroll away, fantastic dining/shopping choices, chillax at Baby Beach and Canoe Beach, watch the turtles play along the shoreline just across the street, and watch the boats sail along the harbor...all these activities and more make up the Lahaina beach life surrounding The Moana Lani B&B! You'll love the 2-level Plantation/Victorian inspired custom designed home with open air covered lanais (approx 987sqft) on both levels, and ocean, sunset and island views are free of charge! Income approx $277k and $291k in 2016/17, with approx. $201k in 2018 bookings already in place, and Average Monthly Occupancy is approx 97% to 100% in last 12 months! Truly an EXCEPTIONAL value for LOCATION, PRICE, and POTENTIAL! (Property is priced below recent appraisal of $2.06mill in Aug 2017). This unique offering also offers many flexible living options for extended families, vacation home, corporate retreat, or duplex-style living, etc. Upstairs you will find 4 bedrooms each with own private bathroom and own wall AC units, an expansive wrap-around covered lanai for lounging and entertaining, and the front bedroom offers french doors leading to deck and ocean views. The downstairs space features living room with ocean views, kitchen area with stainless steel appliances, master bedroom with en-suite bath, AC, and private outside entrance, an office space (currently used as sleeping quarters), and hallway bathroom with vintage claw-foot tub. The living room has french doors leading to the covered wrap around lanai area as well. Truly a great design for living and entertaining year round! The property also boasts mature fruit (mango and banana) and flowering trees, a grassy area in the backyard with ample shade from the towering trees, a little pond with fountain, and ample storage space in the steel framed 2-car detached garage (which was built in 2008). Lots of ample parking for up to 10 cars too! Don't miss out on this incredible opportunity today! Some seller financing available at full price offer. Note: New Buyer must apply for new license if they intend to continue B&B operations.

This property is listed by:
KW Island Living (Ka).

Listing data provided by:
The Maui Multiple Listing Service