May 18, 2026

In a historic meeting, the County of Maui announced that it signed a Memorandum of Understanding (MOU) with Maui Land & Pineapple Co. Inc. (MLP) to acquire its West Maui water infrastructure, which includes the water supply to the Kapalua Resort.  This acquisition is the latest in an effort to provide more security to West Maui residents an move one of the county's most valuable resources away from private companies and into the hands of the government. 

Maui County has many privately held water companies, which are a vestige of the old sugar and Pineapple Companies.  A lack of water has been cited as a barrier to building much-needed affordable housing for local residents in the wake of the Lahaina fire. 

In

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Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. 

The Maui Real Estate Market

The Maui real estate market in March 2026 is defined by increased selectivity and emerging opportunity. After several years of rapid appreciation during the covid era, the market is recalibrating—creating a more balanced environment across both Maui homes for sale and Maui condos for sale.

While pricing has softened in certain segments, underlying demand remains strong in Maui’s resort communities of Wailea and Makena.

Key Maui Real Estate Statistics – March 2026

• Median Price (Single-Family): $1,200,000 ↓ 7.3% (homes) ↓ 17.7% (condos)
• New Listings: ↓ 23.9% (homes), ↓ 18.5% (condos)
• Pending Sales: ↓ 8.1%

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The Resort at Kapalua Bay & The Residences at Kapalua Bay

The Resort at Kapalua Bay is one of Maui’s premier oceanfront luxury residential resorts, set on 21 acres overlooking Kapalua Bay, one of the most celebrated beaches in Hawaii. Originally opened on May 31, 2009, the property has evolved into a flagship offering within Kapalua Resort real estate, known for its spacious residences, panoramic views, and world-class amenities.

Luxury Oceanfront Residences in Kapalua

The Resort at Kapalua Bay Residences feature some of the largest condominium floor plans in Kapalua, with expansive two, three- and four-bedroom layouts designed to maximize ocean views and indoor-outdoor living.

Each residence offers:

• Sweeping views of Kapalua Bay, Namalu

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In the press release issued on November 17, 2025, Maui County Council has scheduled a special Council Meeting for the First Reading of Bill 9.

For Immediate Release: 

Press Release by:

Alice L. Lee, Chair
Maui County Council
media@mauicounty.us

First reading of Bill 9 on TVRs in apartment districts scheduled for Dec. 1

WAILUKU, Hawaiʻi (Nov. 17, 2025)—The bill that would phase out transient vacation rental uses in the apartment zoning districts is being scheduled for a special council meeting Dec. 1 at 9 a.m., Council Chair Alice L. Lee announced today.

The Housing and Land Use Committee received Bill 9, CD1 (2025) approved by the Department of the Corporation Counsel as to form and legality Oct. 8, Lee said. Subsequently, committee Chair

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The Maui County Council's Housing and Land Use Committee formed a Temporary Investigative Group (TIG) to assess the feasibility and economic impacts of Bill 9. 

Bill 9 was proposed by Maui's Mayor in 2024 and aims to create affordable housing by phasing out Short Term Rentals in the Apartment Zones.  If implemented as written, the Bill would phase out short-term rentals in more than 7000 properties across Maui County.

It's important to understand that the TIG is not tasked with making recommendations to alter Bill 9, but rather proposes other legislation, policy and zoning changes that the County should implement. 

Maui, like many places across the world, is facing a housing crisis, which was exacerbated by the tragic Lahaina Fires.  The Mayor

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Today, July 24th, the Maui County Council's Housing and Land Use Committee advanced Bill 9, CD-1.

Per the Council's Facebook page: "The Housing and Land Use Committee on Thursday recommended the council pass Bill 9, CD1 (2025) on first reading. The committee report will attach the updated version of the bill, incorporating the committee's amendments, for posting on a future council agenda. The amended bill would phase out transient vacation rentals in apartment-zoned districts over three years in West Maui and five years elsewhere. The committee's file on the bill is available online: tinyurl.com/Bill9file"

In final comments by Council Members, while the hope was it would provide affordable housing and prevent residents from moving to the mainland,

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Escape to Honolua Ridge: the privacy of the country with the amenities of the Kapalua Resort.

An aerial view of the 94 Keoawa overlooking the Plantation Course, across the Pacific to Moloka'i.  All listing photography by Archer Shoots

Honolua Ridge offers a rare opportunity to own a private estate with sweeping ocean vistas, world-class amenities, and unparalleled peace.  Located just three miles north of the town center of Kapalua, this gorgeous country estate strikes the ideal balance between a tranquil retreat and the activities and amenities of a world class resort.   Annexed into the gated Plantation Estates community, Honolua Ridge features home sites that range in size from two to thirty-plus acres. Rarely in West Maui do you find…

UPDATE ON THE PROPOSED BAN ON SHORT-TERM RENTALS IN MAUI'S APARTMENT DISTRICTS

Click to read Update as of July 24, 2026

The Maui County Council's Housing and Land Use Committee voted 6-3 in favor of passing Bill 9, which would serve to phase out Transient Vacation Rentals in Maui County's Apartment Districts.

>The Bill will now go to the council for a second reading and a final vote. That said, as all nine council members are committee members, in all likelihood, the vote will remain the same.

Update as of July 3, 2025

After hearing passionate testimony in favor and opposition of the ban on Short Term Rentals in Maui's apartment districts, the Maui County Council’s Housing and Land Use Committee began deliberations in a closed executive

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Each year, Maui County does two things: assesses the value of the property AND sets new rates for the upcoming fiscal year, which runs from July 1st-June 30th.  The Maui County Council has proposed the rates below for 2025-2026 as well as a summary of how they've changed over the years.

Maui County Property Tax Rates 2025 vs Prior Years

Rates are per $1000 of assessed value.  In 2020, the County introduced a new Tiered assessment.  Prior to that, there was a flat rate per the classification. 

Classification	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Owner Occupied	$1.65-$5.75	$1.80-$3.25	$1.90-2.75	$2.00-2.71	$2.41-2.71	$2.51-2.61	$2.90	$2.85	$2.86	$2.70

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Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. 

The Maui Real Estate Report for the month of May, 2025 notes:

U.S. existing-home sales dipped 0.5% month-over-month and 2.0% year-over-year to a seasonally adjusted annual rate of 4.00 million units, according to the National Association of REALTORS® (NAR). Sales increased in the Midwest, decreased in the West and Northeast, and were unchanged in the South. Year-over-year, sales were down in every region except the Northeast.

New Listings decreased 9.9 percent for Single Family homes and 33.9 percent for Condominium homes. Pending Sales decreased 16.7 percent for Single Family homes but increased 14.8 percent for Condominium homes. Inventory

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