Maui Real Estate Blog
1031 of the Week-Maui Bed and Breakfast
Our Bed and Breakfast property for sale in West Maui might be an interesting opportunity for someone looking to complete a 1031 exchange. This successful B and B has four guest suites, 2 owner bedrooms, a pool, great views, spacious lanais and a convenient West Maui location close to beaches, golf and Lahaina town. The property is being sold turnkey including all business assets, furnishings and even the company van.
This property does require some due diligence on the part of the buyer. Maui county prohibits the transfer of bed and breakfast licenses, concerned parties should contact the listing agents and the county for additional information. Maui County regulations also require that bed and breakfasts be owner occupied and operated. Based on that requirement, potential buyers should consult with their 1031 exchange coordinator to verify the eligibility of the property for 1031 exchange.
If the prospect of running a bed and breakfast does not hold as much appeal, the long term rental potential of this property should be considered. Homes of this size are a relative rarity in the market. A flexible floor plan, ample parking and a desirable location make this appealing for extended families. This property sold. Contact The Maui Real Estate Team for assistance with other properties.