It's leasehold. The average sales price for all units over the last six months has been approx $150,142. There has been one sale of this size unit (1555 SF) @ $350,000 and one is in escrow that was listed at $85,000
The lease expires in 2027, so you can only get financing with a 13 year loan, which does not exist. You have to finance it yourself, get a private loan or get owner financing. The lease rent renegotiates in 2017 (can go up or down).
$958 maintenance fees + $2206 lease rent = $3164/month.
I'm not saying you should buy a different or more expensive property, but the lease rent and maintenance fee in this case could finance 100% of the price. You could buy a property 100% more expensive with the same payments and probably get a better interest rate with the same down.
On the other hand, this is one of the prime spots on the island. I know many people that would love to live here for $$4000-5000/month. That is the going rental rate there from September through March. Some of them go for more or less. It is 1-month minimum rental if you rent it out. You have the Kahala Hotel next door with world class food and a relaxing beach. Try the $18 hamburger. Not twice as good as a $9 Teddy's Bigger Burger, but it sure tastes good with plantation tea sitting on the lanai by the beach.
808 723 0900