2 Bd 2 Ba 1,137 sf
$89K Market $62K
This property has fractional or shared ownership. One-sixth ownership in the LLC where each owner has eight consecutive weeks of usage each year. Owners select their time usage on a rotation. This top floor unit has over 1100 square feet plus two covered lanais. Enjoy breakfast or dinner on the covered lanai off the main living/dining area. Yes, there is even a small peak at the ocean. The large master suite (bedroom and bath) is on the main floor and has a king size bed and its own private lanai. Also, located on this main floor is the kitchen, open living and dining area, second bath and laundry closet. The second floor loft bedroom has two queen beds.
The Cliffs of Princeville amenities might be considered the best in Princeville with two swimming pools including a waterfall pool, two spas, two tennis courts, children's playground, recreation room, volleyball court, two shuffleboard courts, half-court basketball court, a putting green and barbeque grills.
All costs of operating the condominium are shared equally by the six share owners. Operating costs are $825 per quarter.
Operating costs include all Homeowners Association Dues, Taxes, Reserve Funds, Utilities & Insurance.
Share #5 is currently offered for sale. No vacation rentals.
Share Selection Rotation
For example, the owners selected the flowing for 2021:
Dec 29, 2020 – Feb 23, 2021 Share 2
Feb 23 – March 09 Manager Maintenance
March 09 – May 04 Share 6
May 04 – June 29 Share 5
June 29 – July 13 Manager Maintenance
July 13 – Sept 7 Share 4
Sept 7 – Nov 02 Share 1
Share #5 has selected September 6 to November 1 for 2022.