Karen DeGasperis REALTOR

OFF MARKET Distressed Assets

Your Inside Track to Bank-Direct Deals and Properties.

Available for Principals Only. Contact for more details.

Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs. 

To obtain financials and more details, Proof of Funds (POF), Letter of Interest (LOI) and NDA will be required.

Photo
Property TypeSingle Family
LocationMaui North Shore, Hawaii
TitleDefaulted Luxury Oceanfront Estate Compound Located on Desirable Area of Maui North Shore
Summary

Located in vibrant Paia Town, this .64-acre estate offers 145' of private beach frontage, a remodeled 5-bed main home, a 3-bed cottage, sweeping Pacific views, and direct beach access blending historic charm with coastal luxury.

Details

Features 145' of Private Beach Frontage with 3 Car Garage - Built in 1986
Property is a beachfront estate that captures tranquility of coastal living in the heart of
Maui's vibrant Paia Town with historic charm and contemporary sophistication on a
sprawling .64-acre compound with grassy expanses leading directly to a pristine
sandy beach and a coveted surf spot with breathtaking panoramic views of
the Pacific Ocean. The main residence is a remodeled plantation-style
home boasting 5 bedrooms and 3 baths, and the detached cottage,
with historic plantation charm, offers 3 bedrooms and 1.5 baths.
~~~~
Outdoors, the expansive covered lanai invites you to unwind with sweeping
views of the ocean serving as your backdrop. The expansive backyard is
an idyllic setting for gatherings, play, or quiet reflection or for morning
surf sessions, invigorating beach runs, or leisurely shoreline strolls
at your convenience. And the area offers an eclectic mix of local
businesses plus great restaurants on Maui's north shore,

Note Details

NOTE DETAILS
Original Loan Amount $5,500,000
Original Interest Rate 9.99%
Default Rate 18%
Loan Matured
Notice of Default to be Filed
Appraised Value $12,000,000 as of 1/2025

Current Unpaid Balance$6,300,000.00
Date UpdatedApril 27, 2025