Spinnaker

Rare opportunity to acquire an ownership interest at Spinnaker in Lahaina. The condominium improvements, including the structure formerly identified as Unit D222, were destroyed in the August 2023 Lahaina wildfire. No habitable dwelling or physical condominium unit presently exists on the property. This sale is for the seller's current legal interest associated with Unit D222, including the appurtenant interest in the condominium project and common elements, subject to the condominium declaration, bylaws, association decisions, governmental approvals, existing encumbrances and the terms of the purchase contract. The Spinnaker's potential reconstruction remains subject to numerous uncertainties, including association approval, insurance proceeds, available financing, special assessments, permitting, zoning, building requirements, infrastructure, construction costs and governmental approvals. Seller and seller's agents make no representation or guarantee regarding whether the project or unit will be rebuilt, the design or size of any future unit, the cost of reconstruction, the amount of any future assessments, or the timing or completion of reconstruction. Buyer must independently investigate all matters affecting the property and proposed reconstruction, including title, condominium documents, association records and meeting minutes, insurance matters, assessments, litigation, governmental requirements, utilities, financing, tax consequences and the transferability of any rights or benefits associated with the unit. Buyer is strongly encouraged to consult independent legal, tax, insurance, title and construction professionals before purchasing. Sale is strictly “AS IS,” with no representations or warranties except those expressly stated in the purchase contract and disclosures required by law. This is not the sale of a currently existing or habitable condominium residence.