WKORV question

Is there a difference between a "Deluxe" 1 BR ocean view unit and any other type of 1 BR ocean view unit? Or do they call them all "Deluxe" just to sound cool?

I recently asked the same question because we own a "deluxe" 1-bedroom unit and the consensus was that there is no difference.

Careful here - there is a difference between Deluxe and Premium units at WKORV. The floorplans are different (see villa types on website) - and certainly the MFs are higher for Deluxe units because they are larger.

There are no Deluxe 1Bd sold separately (deeded) at WKORV - only Deluxe 2Bd LOs. Whereas, you can buy a deed to a 1Bd Premium unit. So if what you own (deeded) is a 1Bd - it is a Premium unit.

I listed these deeded types and number at WKORV in a thread a while back - along with their MFs %-breakdown based on floorplan.

I don't know if I would buy a deluxe - the MF's are $400-$500 a year more for a little more space, but the same amenities. I think the only real difference (besides space) is that the studio lock-off has a real lanai, instead of just a sliding glass door and a "Juliet balcony."

Well, my deed says "Deluxe" 1BR, and my MF's were $1300 for 2007. With those clues, does anyone have an answer?

j4sharks said:

Well, my deed says "Deluxe" 1BR, and my MF's were $1300 for 2007. With those clues, does anyone have an answer?

Click to expand...

So the sale finally went through - hope it works well for you. Perhaps they changed the name for the 1Bd units to 'Deluxe', but they have the premium floorplan and the MFs are based on the size. Check out the Owners Manual - it states the breakdown of unit types and %-MFs based on the types.

There are only 3 deeded floorplans at WKORV (broken down to IV, OV, and OF) - check it out

As to Deluxe vs. Premium - we did not want a studio without a lanai for a few reasons - plus we wanted OF. At the time we assumed that the OF premium units did not have a lanai, but they do. I have never seen one for sale. The Deluxe studios are larger than the Premium studio, plus (imo) that have a nicer layout - with more light and, of course, and an ~100sqft lanai.

You are right - we paid a hefty premium for OF (but we knew that going in), and the MFs are a few hundred more. The MFs are based on purely on size.

DavidnRobin said:

So the sale finally went through - hope it works well for you. Perhaps they changed the name for the 1Bd units to 'Deluxe', but they have the premium floorplan and the MFs are based on the size. Check out the Owners Manual - it states the breakdown of unit types and %-MFs based on the types.

There are only 3 deeded floorplans at WKORV (broken down to IV, OV, and OF) - check it out

As to Deluxe vs. Premium - we did not want a studio without a lanai for a few reasons - plus we wanted OF. At the time we assumed that the OF premium units did not have a lanai, but they do. I have never seen one for sale. The Deluxe studios are larger than the Premium studio, plus (imo) that have a nicer layout - with more light and, of course, and an ~100sqft lanai.

You are right - we paid a hefty premium for OF (but we knew that going in), and the MFs are a few hundred more. The MFs are based on purely on size.

Click to expand...

Here - are excerpts from the thread.

From the Owners handbook -
The 1Bd OV units in B2 (for floors 2-6) are 2x01, 2x03, 2x24, and 2x25 (with 2124 and 2125 on the 1st Floor)
The 1Bd OV units in B3 (for floors 2-6) are 3x00, 3x02, 3x24, and 3x25 (with 3102, 3124 and 3125 on the 1st Floor)
The 1Bd OV units in B4 (for floors 2-6) are 4x11 and 4x13 (with none on the 1st floor)


There are 7 unit types (deeded) at WKORV with 3 different valuations (sizes) used to determine MFs:
1) 2Bd OF Deluxe (n=24 in B2/B3), 2Bd OV Deluxe (n=6 in B4), 2Bd IV Deluxe (n=18 in B4) :: ~1750sqft [Rel. Valuation per Unit = 71,653.10]

2) 2Bd OF (n=12 in B2/B3), 2Bd OV (n=129 in B2/B3, n=6 in B4), 2Bd IV (n=30 in B4) :: ~1400sqft [Rel. Valuation per Unit = 52,000.00]

3) 1Bd OV (n=45 in B2/B3, and n=10 in B4) :: ~900sqft [Rel. Valuation per Unit = 43,873.44]

Notes:
- This makes 280 total units by my count - almost 1/2 2Bd OV
- That is 14,560 deeded weeks. Amost $700 million (@ $45-$50K/week)!
- Deeded means that these are what can be sold and registered with Maui County.
- The MFs of one type of unit valuation can be used to calculate the MFs of the other types (w/o SVN fee and ARDA)
- OV can end up being PLV (parking lot view) - so reserve early...
- The 2Bd units are all LO (Lockoff/Lockout) and have a common foyer (~50sqft) with a common foyer door and seperate entrance doors to the 1Bd side and studio side.