Ritz Carlton Club And Residences
Luxury Condos in Kapalua
Ritz Carlton Club and Residences was a luxury condominium and timeshare, at the location formerly occupied by the Kapalua Bay Hotel. But it has since been turned into the Montage Kapalua Bay hotel and residences. The rest of this page is about this property when it was still the Ritz Carlton Club before it turned into the Montage Kapalua Bay. The entrance is from the Lower Honoapiilani Road at the north end of Kapalua Bay. Phone 800-527-2582.
About The Ritz Carlton Club Residences
This large property opened in 2009. It has 84 full-ownership condos, each with three or four bedrooms, plus 62 fractional-ownership (timeshare) condos, each with two or three bedrooms. The timeshare units are sold as 1/12 ownership, but you only get to use your unit for three weeks per year. The large full-ownership condos have about 3000 to 4200 square feet and sell for about $3.5 – 8 million, plus about $46,000 per year maintenance fees and about $40,000 per year taxes (as of 2010). The timeshare condos have about 1900 to 2200 square feet, and each 3-week fractional ownership sells for about $400,000 to $650,000, plus about $18,000 per year maintenance fees (as of 2010). Prices change constantly so call the above phone number for the latest information.
In my opinion, timeshares are not a good investment. For more information click this link about Maui Timeshares