This particular unit is leasehold property, which means you own the condo but only lease the land for a pre-determined number of years, this particular lease being good until 2029 when it would renegotiate. The current lease is $209.00 a month and the maintenance fees are $402.00 a month. Many folks purchase a condo and rent it out to cover the mortgage payments until they can move here. This is a great time to buy because our prices have come down and interest rates are at an all time low. If you would like more information on purchasing a condo here please don't hesitate to contact me and I can send you listings to review.
Savannah Scott, R
ABR, CRS, CHMS,ePRO,GRI,SFR
Hawaii Paradise Properties, Inc.
75-5744 Alii Drive, Suite 168
Kailua Kona, HI 96740