Elegant Wailea Ekahi 24D cash cow remodel, positive cash flow, ornate teak carved furniture and pacific rim decorations give the unit an Asian-Hawaiian feel

Elegant upstairs end-unit condo with high-end furnishings and decorations. Completely remodeled with top of the line appliances and immaculately furnished down to the luxurious sheets. Oversized Master Bedroom has King size bed with study and sitting area. Large living/dining room area that harbors a hidden Queen size Murphy bed. Extra dressing room and bathroom for accompanying family or guests. Ornate teak carved furniture and pacific rim decorations give the unit an Asian-Hawaiian feel. Fully Air conditioned with new split system and ceiling fans throughout. Lanai has patio furniture.

The owners report the following financial information: 1) Occupancy rates: Current year (2013) occupancy is running at 75% with several weeks still not booked. 2012 we had a 79% occupancy, and in 2011 it was 68%. 2) Gross revenue 2011 was $69,717 with net income of $31,067. (Net income excludes financing/mortgage costs if any.) Gross revenue 2012 was $73,366 with net income of $35,823. Gross revenue for 2013 first 7 months (thru 7/31/13) was $41,754 with net income of $17,278. (All figures from owners.)

The Wailea Ekahi Oceanfront Village is located along the beautiful half-mile long Keawakapu Beach. At the ocean is the main pool (1 of 4 Ekahi pools) which has a beautiful beachfront pavilion complete with kitchen and BBQ grill for hosting family events and parties. The 3 other quiet pools are interspersed throughout the complex. One is a short walk from this condo.

A 2 minute walk down the tropical greenbelt takes you to the beach and oceanfront pool. There is also a oceanfront walkway along the Wailea beaches which meanders to all other oceanfront Wailea condos and hotels. Ekahi has 35 acres of beautiful, lush, tropical grounds.   Call Peter Gelsey for a private showing (808) 344-8000 or email peter@petergelsey.com .   Listed exclusively by Wailea Makena Real Estate Inc, Peter Gelsey Realtor