Co-Ownership Sharing Opportunities
Choose from 1/6, 1/3, or 1/2 ownership. Connect with our team to explore your path to effortless vacation home co-ownership.
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Papaua Paradise
$1,250,000
1/6 ownershipFull home value: $7,500,000 • Multiple ownership options available
43 Papaua Pl, Lahaina, HI 96761
5
Bedrooms
4
Bathrooms
4,000
Sq Ft
1981
Year Built
0.25 acres
Lot Size
Stunning 5-bedroom oceanfront home on private peninsula in Napili, Maui with 200+ degrees of water views.
Property Amenities
Experience luxury living with world-class amenities designed for comfort and entertainment
Outdoor Living
Private Oceanfront
Oceanfront Deck
Snorkeling Access
Tide Pools
Surfing
Indoor Features
Koa Wood Interior
Modern Kitchen
Loft Office
Louvered Windows
High Beam Ceilings
Community & Security
Private Gated Street
Near Golf Courses
Exclusive Features
Whale Watching
Sunset Views
Fully Furnished
Location
Discover the perfect setting for your coastal retreat
Property Address
43 Papaua Pl
Lahaina, HI 96761
USA
Nearby Highlights
Minutes to Napili Bay
Near Kapalua Golf Courses
Close to restaurants & shopping
Direct ocean access
Private gated community
Co-Ownership Options
Own a piece of paradise with our flexible co-ownership sharing options
How It Works
This co-ownership model means you own a real asset, not just a block of time, through a managed LLC.
A 1/6 share provides approximately 2 months of use annually. Our professional management company handles all scheduling, maintenance, and property care, ensuring your home is always ready for your arrival.
Unlike timeshares, co-ownership provides real equity in the property. You can sell your share, pass it to heirs, or benefit from property appreciation over time.
Co-Ownership Sale from the Barber Family Trust includes Trustees who are CA Licensed Broker/Realtors.
Available Ownership Options
1/6 ownership
$1,250,000
One-time purchase
Approximately
2 months per year
of exclusive access
1/3 ownership
$2,500,000
One-time purchase
Approximately
4 months per year
of exclusive access
1/2 ownership
$3,750,000
One-time purchase
Approximately
6 months per year
of exclusive access
Ownership Benefits
Real Asset Ownership
Own a real asset through a managed LLC, not just a block of time.
Fully Furnished
All cash purchase includes fully furnished luxury home.
Prime Location
Minutes to golf, beaches, restaurants, and shopping in Napili.
Equity Ownership
Build equity in a luxury oceanfront property at a fraction of the cost.
Complete Guide to Co-Ownership in Maui
Everything you need to know about owning a piece of paradise through shared co-ownership
Affordable Luxury
Own premium property for a fraction of the cost
Flexible Access
Multiple months of exclusive use per year
Real Ownership
Deeded share with true equity
Hassle-Free
Professional management included
What Exactly Is Co-Ownership?
Co-ownership means you buy a share of a property - typically 1/6 to 1/2 - giving you a deed and true equity in the asset. Think of it as teaming up with a few other families to buy a dream home together, but with a clear legal structure that handles all the details.
Key Difference from Timeshares:
With co-ownership, you own a deeded share of the actual property - a real asset you can sell, transfer, or leave to your family. Timeshares typically only give you usage rights without actual ownership.
This model makes it possible to own a stunning Maui property for a share of the cost, giving you a dedicated place to make memories year after year.
How Does Co-Ownership Work?
Common Share Structures:
1/6 Share: ~2 months per year
1/3 Share: ~4 months per year
1/2 Share: ~6 months per year
Legal Structure:
Property held in LLC
You own shares in the LLC
Clear ownership agreement
Professional management
Unlike a timeshare that might give you a single fixed week, co-ownership provides generous and flexible access. When you're there, the home is exclusively yours, allowing you to settle in and treat it like a true second home.
Financial Benefits & Costs
Benefits:
Real equity that can appreciate
Shared operating costs
Ability to sell your share
Rent unused months for income
Ongoing Costs (Shared):
Property taxes
Insurance premiums
Maintenance & repairs
Management fees
Investment Potential:
Your ownership share has the potential to appreciate in value along with the real estate market. When you're ready to sell, you have the freedom to sell your share on the open market, just as you would with a traditional home.
How Scheduling & Usage Works
Fair and flexible scheduling is at the heart of the co-ownership experience. The amount of time you get to use the home each year is based on the size of the share you own. For example, a 1/6 share grants you 2 months of use annually.
How Selection Priority Works:
Usage dates are determined during the setup of the LLC and based on initial co-ownership acquisition order. The first to acquire gets priority selection in year one, and the selection order rotates each year.
Example with 6 Shares:
Year 1: First group selects their preferred first month first, second group selects next, and so on
Year 2: First group moves to last in selection order, second group now selects first
This rotation continues each year, ensuring everyone gets fair access to peak seasons and holidays
The scheduling system is designed to be equitable, allowing owners to book stays in advance and ensuring everyone gets a chance to enjoy the home during peak seasons and holidays.
Best Locations & Property Types in Maui
Maui offers diverse locations, each with unique charm. Choose based on your vacation style and preferences.
Kapalua
Lush landscapes, upscale atmosphere, world-class golf
Luxury resorts
Golf courses
Serene setting
Ka'anapali
Beautiful beaches, resort amenities, family-friendly
Beach access
Resort facilities
Activities
Wailea
Pristine beaches, high-end shopping, fine dining
Premium beaches
Shopping
Restaurants
Property Types:
Luxury Condos
High-end finishes, resort amenities, professional management
Beachfront Properties
Direct beach access, ocean views, immediate water activities
Frequently Asked Questions
Is this just a different name for a timeshare?
Not at all. With co-ownership, you buy a deeded share of the actual property - a real estate asset you own, can sell, or pass down. Timeshares typically only give you usage rights without ownership.
What other costs are involved besides the purchase price?
You'll contribute to annual operating costs including property taxes, insurance, utilities, and management fees. These are split equitably among all co-owners, making them far more manageable.
How do I book my stays, and is it fair for everyone?
Scheduling is handled through an our management team with an equitable system that ensures everyone gets fair access to holidays and peak season dates on a rotating schedule.
Who handles maintenance and repairs?
A professional management company takes care of everything - cleaning, maintenance, repairs, and upkeep. You simply arrive and enjoy your perfectly maintained home.
Get In Touch
Interested in learning more about Papaua Paradise? Fill out the form below and our team will reach out.
Contact Information