2 GENERATIONS of SATISFIED CLIENTS
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Kapalua Foreclosure
Up for sale this past Monday at the Foreclosure Auction was the Kapalua Bay holdings which included 56 residential condominiums, 5 commercial apartments and 567 fractional-ownership interests in 62 time-share units at the Ritz-Carlton Club and Residences. It also includes leasehold interest in The Shops at Kapalua.
The winning bid came from Island Acquisitions Kapalua LLC for $55 million. It still needs to be approved by a judge at a court confirmation hearing, so there still is a possibility of someone outbidding the highest bidder. Contact Us if interested in more details on the overbidding process.
The assessed value of the land and buildings are supposedly worth $284.4 million for tax purposes.