Maui Real Estate & Lifestyle News

Wailea Condominium Market Update: Q1 2024

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 11 Apr 2024 11:11:00 -1000

WAILEA CONDOMINIUM MARKET UPDATE: Q1 2024 Wailea Resort Condominiums Wailea Condominiums Wailea is home to several different condominium resorts, including the Andaz, Grand Champions, Ho'olei, Kai Malu, Kanani Wailea, Keala O Wailea, Palms at Wailea, Wailea Palms, Makalii, Papali, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi, Wailea Ekolu, Wailea Elua, Wailea Fairway Villas, Wailea Point, and Wailea Town Center. Makena is home to the Makena Golf & Beach Club, Makena Surf, Na Hale O Makena WAILEA & MAKENA CONDO SALES Q1 2024 2023 2022 2021 2020 2019 Number of Sales 43 112 130 315 144 140 Volume $138,202,749 $424,827,928 $359,939,459 $673,905,402 $321,397,970 $268,736,001 Low Sales Price $999,999 $1,050,000 $650,000 $375,000* $683,550 $599,000 High Sales Price $10,000,000 $13,000,000 $12,000,000 $16,000,000 $15,400,000 $10,866,000 Median $2,690,000 $2,427,050 $1,757,500 $1,550,000 $1,420,000 $1,282,500 Average SP $3,214,017 $3,793,107 $2,768,765 $2,139,382 $2,231,930 $1,919,543 Average SP/Sq. Ft. $1,840 $1,851 $1,719 $1,269 $1,176 $1,119 Average DOM 453 463 92 350 347 211 Average SP/LP 99 99 99 99 97 97 How does the market through the first quarter of 2024 stack up for each community as compared with prior years? A FIVE-YEAR OVERVIEW Andaz Wailea Andaz Wailea Condos for Sale Andaz Residences Q1 2024 2023 2022 2021 2020 2019 Sales 0 1 1 1 0 0 Volume NA $11,750,000 $11,900,000 6,950,000 $0 $0 Low SP NA $11,750,000 $11,900,000 6,950,000 NA NA High SP NA $11,750,000 $11,900,000 6,950,000 NA NA Median SP NA $11,750,000 $11,900,000 6,950,000 NA NA Average SP NA $11,750,000 $11,900,000 6,950,000 NA NA Average SP/Sq. Ft NA $4,176 $4,229 2,470 NA NA Average DOM NA 63 132 267 NA NA Average SP/LP NA 98 100 96 NA NA Grand Champions Grand Champions Condos for Sale Grand Champions Q1 2024 2023 2022 2021 2020 2019 Sales 0 5 10 29 12 13 Volume NA $7,365,000 $13,135,000 $26,155,500 $10,102,550 $10,298,900 Low SP NA $1,150,000 $850,000 $659,000 $683,550 $685,000 High SP NA $1,700,000 $1,595,000 $1,295,000 $1,200,000 $1,199,000 Median SP NA $1,515,000 $1,350,000 $799,000 $795,000 $760,000 Average SP NA $1,473,000 $1,313,500 $901,914 $841,879 $792,223 Average SP/Sq. Ft NA $1,407 $1,216 $825 $738 $732 Average DOM NA 111 92 150 98 144 Average SP/LP NA 95 99 99 97 97 Ho'olei Hoolei Condos for Sale Ho'olei 2024 2023 2022 2021 2020 2019 Sales 3 0 7 13 8 9 Volume $18,450,000 $0 $36,800,000 $45,151,000 $25,180,000 $27,155,000 Low SP $5,850,000 NA $4,325,000 $2,899,000 $2,250,000 $2,535,000 High SP $6,500,000 NA $6,225,000 $4,350,000 $3,500,000 $3,450,000 Median SP $6,100,000 NA $5,000,000 $3,500,000 $3,452,500 $3,050,000 Average SP $6,150,000 NA $5,257,143 $3,473,154 $3,147,500 $3,017,222 Average SP/Sq. Ft $2,225 NA $1,935 $1,322 $1,156 $1,108 Average DOM 35 NA 51 83 144 131 Average SP/LP 99 NA 101 96 94 96 Kai Malu at Wailea Kai Malu at Wailea Condos for Sale Kai Malu Q1 2024 2023 2022 2021 2020 2019 Sales 4 5 7 21 5 17 Volume $11,450,000 $12,645,000 $15,919,000 $33,969,100 $8,155,000 $25,244,000 Low SP $1,950,000 $2,095,000 $1,999,000 $1,300,000 $1,495,000 $1,245,000 High SP $3,300,000 $2,750,000 $2,615,000 $1,940,000 $1,750,000 $1,942,500 Median SP $3,100,000 $2,600,000 $2,200,000 $1,610,000 $1,685,000 $1,375,000 Average SP $2,862,500 $2,529,000 $2,274,143 $1,617,576 $1,631,000 $1,438,765 Average SP/Sq. Ft $1,567 $1,399 $1,243 $898 $902 $819 Average DOM 104 77 62 80 137 196 Average SP/LP 99 97 99 100 98 96 Kanani Wailea Kanani Wailea Condos for Sale Kanani Wailea Q1 2024 2023 2022 2021 2020 2019 Sales 0 2 3 6 1 2 Volume NA $4,050,000 $5,780,000 $8,617,000 $1,188,000 $2,398,000 Low SP NA $1,750,000 $1,680,000 $1,150,000 $1,188,000 $998,000 High SP NA $2,300,000 $1,900,000 $1,900,000 $1,188,000 $1,400,000 Median SP NA $2,025,000 $1,900,000 $1,321,000 $1,188,000 $1,999,000 Average SP NA $2,025,000 $1,926,667 $1,436,167 $1,188,000 $1,999,000 Average SP/Sq. Ft NA $981 $865 $658 $573 $573 Average DOM NA 77 72 163 310 310 Average SP/LP NA 94 99 100 99 94 Keala O Wailea Keala O Wailea Condos for Sale Keala O Wailea Q1 2024 2023 2022 2021 2020 2019 Sales 3 2 4 12 9 13 Volume $7,695,000 $5,225,000 $847,000 $23,053,000 $12,695,000 $18,859,000 Low SP $2,400,000 $2,400,000 $1,445,000 $1,280,000 $1,225,000 $1,060,000 High SP $2,800,000 $2,825,000 $2,727,000 $2,550,000 $1,670,000 $2,450,000 Median SP $2,495,000 $2,612,500 $2,162,500 $1,762,500 $1,415,000 $1,349,000 Average SP $2,565,000 $2,612,500 $2,124,250 $1,921,083 $1,410,556 $1,450,692 Average SP/Sq. Ft $1,917 $1,587 $1,593 $1,278 $1,094 $1,050 Average DOM 122 41 65 128 155 121 Average SP/LP 97 102 103 98 97 98 La'i Loa Lai Loa Condos for Sale Lai Loa Q1 2024 2023 Sales 18 31 Volume $45,538,750 $77,555,500 Low SP $1,519,250 $1,525,250 High SP $3,820,000 $3,803,500 Median SP $2,452,275 $2,449,550 Average SP $2,529,931 $2,501,790 Average SP/Sq. Ft $1,462 $1,407 Average DOM 956 1021 Average SP/LP 100 102 Makali'i Makalii Condos for sale Makalii Q1 2024 2023 2022 2021 2020 2019 Sales 1 3 5 71 14 0 Volume $3,250,000 $9,195,000 $14,110,000 $132,792,000 $21,094,000 $0 Low SP $3,250,000 $2,700,000 $1,750,000 $1,015,000 $1,250,000 NA High SP $3,250,000 $3,400,000 $3,300,000 $3,200,000 $1,950,000 NA Median SP $3,250,000 $3,095,000 $2,990,000 $1,812,000 $1,498,000 NA Average SP $3,250,000 $3,065,000 $2,822,000 $1,870,310 $1,506,714 NA Average SP/Sq. Ft $2,065 $1,784 $1,647 $1,113 $923 NA Average DOM 40 116 327 1170 1283 NA Average SP/LP 97 95 100 100 100 NA Makalii is a new development that launched in 2020 with presales beginning years prior. As such, days on market include build time and developer sales sell at 100 of asking Makena Golf & Beach Club Makena Golf & Beach Club Condos for Sale Makena Golf & Beach Club Q1 2024 2023 2022 2021 2020 2019 Sales 2 17 3 2 13 8 Volume $20,000,000 $176,684,480 $26,806,000 $23,027,000 $91,931,000 $79,848,000 Low SP $10,000,000 $4,375,000 $6,350,000 $10,527,000 $4,950,000 $9,037,000 High SP $10,000,000 $13,000,000 $11,256,000 $12,500,000 $15,400,000 $10,886,000 Median SP $10,000,000 $10,800,000 $9,200,000 $11,513,500 $7,044,000 $9,651,000 Average SP $10,000,000 $10,393,205 $8,953,333 $11,513,500 $7,071,615 $9,981,000 Average SP/Sq. Ft $3,151 $2,604 $1,995 $3,175 $1,929 $2,921 Average DOM 33 810 160 84 1071 1096 Average SP/LP 100 100 100 98 100 100 Makena Surf Makena Surf Condos for Sale Makena Surf Q1 2024 2023 2022 2021 2020 2019 2018 Sales 0 0 5 8 5 2 6 Volume NA NA $24,000,000 $27,495,000 $16,724,990 $4,848,000 $15,110,000 Low SP NA NA $3,800,000 $2,735,000 $2,350,000 $2,298,000 $1,900,000 High SP NA NA $5,500,000 $4,000,000 $5,999,990 $2,550,000 $3,600,000 Median SP NA NA $5,200,000 $3,600,000 $2,850,000 $2,424,000 $2,450,000 Average SP NA NA $4,800,000 $3,436,875 $3,344,998 $2,424,000 $2,518,333 Average SP/Sq. Ft NA NA $3,538 $2,439 $1,878 $1,800 $1,963 Average DOM NA NA 117 114 190 53 161 Average SP/LP NA NA 95 97 95 101 93 Na Hale O Makena Na Hale O Makena Condos for Sale Na Hale O Makena Q1 2024 2023 2022 2021 2020 2019 Sales 0 1 4 6 1 2 Volume NA $2,550,000 $13,400,000 $11,627,790 $1,413,750 $2,975,000 Low SP NA $2,550,000 $2,600,000 $1,500,000 $1,413,750 $1,325,000 High SP NA $2,550,000 $3,550,000 $2,543,790 $1,413,750 $1,650,000 Median SP NA $2,550,000 $3,400,000 $1,867,000 $1,413,750 $1,487,500 Average SP NA $2,550,000 $3,350,000 $1,937,965 $1,413,750 $1,487,500 Average SP/Sq. Ft NA $1,205 $1,288 $914 $668 $708 Average DOM NA 36 129 136 107 250 Average SP/LP NA 94 96 98 98 87 Palms I at Wailea Palms I at Wailea Condos for Sale Palms at Wailea Q1 2024 2023 2022 2021 2020 2019 Sales 0 8 18 16 15 7 Volume NA $13,476,000 $24,834,000 $15,698,000 $12,349,350 $5,765,001 Low SP NA $1,381,000 $985,000 $720,000 $690,000 $686,000 High SP NA $1,950,000 $1,575,000 $1,230,000 $1,400,000 $950,000 Median SP NA $1,675,000 $1,400,000 $932,500 $795,000 $875,000 Average SP NA $1,684,500 $1,379,667 $981,125 $823,290 $823,572 Average SP/Sq. Ft NA $1,437 $1,197 $863 $731 $736 Average DOM NA 62 73 129 175 136 Average SP/LP NA 99 100 100 100 100 Palms II at Wailea (Wailea Palms) Wailea Palms Condos for Sale Wailea Palms 2024 2023 2022 2021 2020 2019 Sales 1 4 8 10 5 10 Volume $1,705,000 $7,977,500 $14,225,000 $11,567,000 $4,299,000 $10,639,100 Low SP $1,705,000 $1,632,500 $1,500,000 $835,000 $725,000 $800,000 High SP $1,705,000 $2,595,000 $2,550,000 $1,650,000 $1,125,000 $1,600,000 Median SP $1,705,000 $1,875,000 $1,707,500 $1,162,500 $820,000 $990,000 Average SP $1,705,000 $1,994,375 $1,778,125 $1,156,700 $859,800 $1,063,910 Average SP/Sq. Ft $1,428 $1,443 $1,348 $950 $759 $820 Average DOM 69 149 65 112 98 100 Average SP/LP 97 98 100 98 98 95 Papali Wailea Papali Wailea Condos for Sale Papali Q1 2024 2023 2022 2021 2020 2019 Sales 0 0 0 4 1 0 Volume NA NA NA $16,170,000 $2,600,000 NA Low SP NA NA NA $3,795,000 $2,600,000 NA High SP NA NA NA $4,400,000 $2,600,000 NA Median SP NA NA NA $3,978,500 $2,600,000 NA Average SP NA NA NA $4,042,500 $2,600,000 NA Average SP/Sq. Ft NA NA NA $1,694 $1,090 NA Average DOM NA NA NA 93 609 NA Average SP/LP NA NA NA 100 87 NA Polo Beach Club Polo Beach Club Condos for Sale Polo Beach Club Q1 2024 2023 2022 2021 2020 2019 Sales 1 0 2 6 2 3 Volume $5,400,000 $0 $8,599,808 $20,155,000 $5,157,500 $7,825,000 Low SP $5,400,000 NA $3,999,808 $2,200,000 $2,575,000 $2,175,000 High SP $5,400,000 NA $4,600,000 $4,675,000 $2,600,000 $3,400,000 Median SP $5,400,000 NA $4,299,904 $3,365,000 $2,587,500 $2,940,000 Average SP $5,400,000 NA $4,299,904 $3,359,167 $2,587,500 $2,608,333 Average SP/Sq. Ft $4,369 NA $3,547 $2,696 $1,959 $2,134 Average DOM 186 NA 61 72 102 167 Average SP/LP 96 NA 99 97 99 97 Wailea Beach Villas Wailea Beach Villas Condos for Sale Wailea Beach Villas Q1 2024 2023 2022 2021 2020 2019 Sales 0 3 5 13 5 1 Volume NA $26,025,000 $41,225,000 $78,725,000 $19,944,000 $4,600,000 Low SP NA $6,525,000 $4,550,000 $2,845,000 $2,500,000 $4,600,000 High SP NA $10,900,000 $12,000,000 $14,000,000 $6,895,000 $4,600,000 Median SP NA $8,600,000 $7,800,000 $5,100,000 $3,900,000 $4,600,000 Average SP NA $8,675,000 $8,245,000 $6,055,769 $3,988,800 $4,600,000 Average SP/Sq. Ft NA $3,582 $3,160 $2,363 $1,534 $2,110 Average DOM NA 162 76 137 181 336 Average SP/LP NA 97 99 98 94 94 Wailea Ekahi Wailea Ekahi Condos for Sale Wailea Ekahi Q1 2024 2023 2022 2021 2020 2019 Sales 4 7 17 27 18 23 Volume $6,749,999 $11,620,427 $26,108,750 $31,861,512 $20,185,000 $2,725,700 Low SP $999,999 $1,436,627 $650,000 $647,000 $690,000 $650,000 High SP $2,800,000 $2,300,000 $2,070,000 $2,200,000 $2,750,000 $2,350,000 Median SP $1,475,000 $1,570,000 $1,575,000 $1,070,000 $974,500 $1,020,000 Average SP $1,687,500 $1,660,061 $1,535,809 $1,180,056 $1,221,389 $1,185,087 Average SP/Sq. Ft $2,021 $1,991 $1,687 $1,290 $1,147 $1,136 Average DOM 94 101 75 91 154 213 Average SP/LP 97 98 100 98 95 96 Wailea Ekolu Wailea Ekolu Condos for Sale Wailea Ekolu Q1 2024 2023 2022 2021 2020 2019 Sales 0 6 11 14 6 12 Volume NA $11,449,500 $18,650,000 $16,403,000 $5,729,999 $12,062,000 Low SP NA $1,542,000 $1,105,000 $899,000 $720,000 $645,000 High SP NA $2,362,500 $2,295,000 $1,525,000 $1,100,000 $1,300,000 Median SP NA $1,887,500 $1,700,000 $1,172,500 $1,012,500 $1,035,000 Average SP NA $1,908,250 $1,695,455 $171,643 $955,000 $1,005,167 Average SP/Sq. Ft NA $1,801 $1,735 $1,140 $929 $951 Average DOM NA 110 74 74 90 86 Average SP/LP NA 98 102 101 96 97 Wailea Elua Wailea Elua Condos for Sale Wailea Elua Q1 2024 2023 2022 2021 2020 2019 Sales 1 6 3 11 2 4 Volume $3,999,000 $23,105,000 $9,851,000 $29,100,000 $7,415,000 $7,030,000 Low SP $3,999,000 $2,800,000 $2,700,000 $1,550,000 $3,615,000 $1,500,000 High SP $3,999,000 $4,900,000 $4,201,000 $4,350,000 $3,800,000 $1,945,000 Median SP $3,999,000 $3,852,500 $2,950,000 $2,200,000 $3,707,500 $1,792,500 Average SP $3,999,000 $3,850,833 $3,283,667 $2,645,455 $3,707,500 $1,757,500 Average SP/Sq. Ft $3,151 $3,094 $2,812 $2,043 $2,945 $1,558 Average DOM 81 116 91 104 144 93 Average SP/LP 100 97 103 101 95 98 Wailea Fairway Villas Wailea Fairway Villas Condos for Sale Wailea Fairway Villas Q1 2024 2023 2022 2021 2020 2019 Sales 3 9 11 26 8 9 Volume $5,025,000 $13,217,021 $12,878,001 $24,430,500 $6,376,000 $6,912,000 Low SP $1,200,000 $1,095,000 $925,000 $725,000 $715,000 $599,000 High SP $2,500,000 $1,999,999 $1,495,000 $1,450,000 $1,090,000 $1,195,000 Median SP $1,325,000 $1,400,000 $1,150,000 $890,000 $767,000 $725,000 Average SP $1,675,000 $1,468,558 $1,170,727 $939,635 $797,000 $768,000 Average SP/Sq. Ft $1,353 $1,255 $1,177 $866 $772 $721 Average DOM 142 95 94 76 201 200 Average SP/LP 97 97 99 99 97 98 Wailea Point Wailea Point Condos for Sale Wailea Point Q1 2024 2023 2022 2021 2020 2019 Sales 2 2 5 17 14 5 Volume $8,940,000 $10,937,500 $23,110,000 $87,568,000 $48,840,331 $15,040,000 Low SP $4,090,000 $5,162,500 $2,075,000 $375,000* $1,525,000 $1,740,000 High SP $4,850,000 $5,775,000 $6,785,000 $16,000,000 $7,500,000 $5,400,000 Median SP $4,470,000 $5,468,750 $4,450,000 $5,000,000 $2,716,250 $2,650,000 Average SP $4,470,000 $5,468,750 $4,622,000 $5,151,059 $3,488,595 $3,008,000 Average SP/Sq. Ft $3,226 $2,983 $2,239 $1,945 $1,619 $1,582 Average DOM 65 151 80 169 174 140 Average SP/LP 91 93 97 97 95 94 *Sale of a garage Wailea Town Center Wailea Town Center Condos for Sale Wailea Town Center Q1 2024 2023 2022 2021 2020 2019 Sales 0 0 0 2 0 0 Volume NA NA NA $3,390,000 NA NA Low SP NA NA NA $1,690,000 NA NA High SP NA NA NA $3,390,000 NA NA Median SP NA NA NA $1,695,000 NA NA Average SP NA NA NA $1,695,000 NA NA Average SP/Sq. Ft NA NA NA $968 NA NA Average DOM NA NA NA 71 NA NA Average SP/LP NA NA NA 104 NA NA If you are thinking of buying or selling in Wailea or Makena, please contact Courtney M. Brown for more detailed information on the market at each of these Wailea and Makena communities Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value. Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.

Wailea & Makena Condominium Market Update: Q2 | 2023

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 28 Jul 2023 17:23:00 -1000

WAILEA CONDOMINIUM MARKET UPDATE: Q2 2023 Wailea Resort Condominiums Wailea Condominiums Wailea is home to several different condominium resorts, including the Andaz, Grand Champions, Ho'olei, Kai Malu, Kanani Wailea, Keala O Wailea, Palms at Wailea, Wailea Palms, Makalii, Papali, Polo Beach Club, Wailea Beach Villas, Wailea Ekahi, Wailea Ekolu, Wailea Elua, Wailea Fairway Villas, Wailea Point, and Wailea Town Center. Makena is home to the Makena Golf & Beach Club, Makena Surf, Na Hale O Makena WAILEA & MAKENA CONDOS Q2 2023 2022 2021 2020 2019 2018 Number of Sales 47 130 315 144 140 214 Volume $157,537,949 $359,939,459 $673,905,402 $321,397,970 $268,736,001 $327,196,895 Low Sales Price $1,095,000 $650,000 $375,000* $683,550 $599,000 $275,000* High Sales Price $13,000,000 $12,000,000 $16,000,000 $15,400,000 $10,866,000 $10,000,000 Median $1,995,000 $1,757,500 $1,550,000 $1,420,000 $1,282,500 $1,165,000 Average SP $3,351,871 $2,768,765 $2,139,382 $2,231,930 $1,919,543 $1,528,957 Average SP/Sq. Ft. $1,762 $1,719 $1,269 $1,176 $1,119 $995 Average DOM 184 92 350 347 211 351 Average SP/LP 97 99 99 97 97 97 How does the market through the second quarter of 2023 stack up for each community as compared with prior years? A FIVE-YEAR OVERVIEW Andaz Wailea Andaz Wailea Condos for Sale Andaz Residences Q2 2023 2022 2021 2020 2019 2018 2017 Sales 0 1 1 0 0 0 4 Volume $0 $11,900,000 6,950,000 $0 $0 $0 $18,495,000 Low SP NA $11,900,000 6,950,000 NA NA NA $4,250,000 High SP NA $11,900,000 6,950,000 NA NA NA $5,500,000 Median SP NA $11,900,000 6,950,000 NA NA NA $4,372,500 Average SP NA $11,900,000 6,950,000 NA NA NA $4,623,750 Average SP/Sq. Ft NA $4,229 2,470 NA NA NA 1681 Average DOM NA 132 267 NA NA NA 271 Average SP/LP NA 100 96 NA NA NA 100 Grand Champions Grand Champions Condos for Sale Grand Champions Q2 2023 2022 2021 2020 2019 2018 Sales 5 10 29 12 13 9 Volume $7,365,000 $13,135,000 $26,155,500 $10,102,550 $10,298,900 $6,152,000 Low SP $1,150,000 $850,000 $659,000 $683,550 $685,000 $528,000 High SP $1,700,000 $1,595,000 $1,295,000 $1,200,000 $1,199,000 $1,000,000 Median SP $1,515,000 $1,350,000 $799,000 $795,000 $760,000 $640,000 Average SP $1,473,000 $1,313,500 $901,914 $841,879 $792,223 $683,556 Average SP/Sq. Ft $1,407 $1,216 $825 $738 $732 $645 Average DOM 111 92 150 98 144 150 Average SP/LP 95 99 99 97 97 98 Ho'olei Hoolei Condos for Sale Ho'olei Q2 2023 2022 2021 2020 2019 2018 Sales 0 7 13 8 9 7 Volume $0 $36,800,000 $45,151,000 $25,180,000 $27,155,000 $18,442,500 Low SP NA $4,325,000 $2,899,000 $2,250,000 $2,535,000 $1,750,000 High SP NA $6,225,000 $4,350,000 $3,500,000 $3,450,000 $3,212,500 Median SP NA $5,000,000 $3,500,000 $3,452,500 $3,050,000 $3,100,000 Average SP NA $5,257,143 $3,473,154 $3,147,500 $3,017,222 $2,634,643 Average SP/Sq. Ft NA $1,935 $1,322 $1,156 $1,108 $1,025 Average DOM NA 51 83 144 131 253 Average SP/LP NA 101 96 94 96 96 Kai Malu at Wailea Kai Malu at Wailea Condos for Sale Kai Malu Q2 2023 2022 2021 2020 2019 2018 Sales 4 7 21 5 17 12 Volume $10,045,000 $15,919,000 $33,969,100 $8,155,000 $25,244,000 $17,968,500 Low SP $2,095,000 $1,999,000 $1,300,000 $1,495,000 $1,245,000 $1,150,000 High SP $2,750,000 $2,615,000 $1,940,000 $1,750,000 $1,942,500 $1,850,000 Median SP $2,600,000 $2,200,000 $1,610,000 $1,685,000 $1,375,000 $1,475,000 Average SP $2,511,250 $2,274,143 $1,617,576 $1,631,000 $1,438,765 $1,497,375 Average SP/Sq. Ft $1,398 $1,243 $898 $902 $819 $826 Average DOM 84 62 80 137 196 130 Average SP/LP 96 99 100 98 96 96 Kanani Wailea Kanani Wailea Condos for Sale Kanani Wailea Q2 2023 2022 2021 2020 2019 2018 Sales 2 3 6 1 2 3 Volume $4,050,000 $5,780,000 $8,617,000 $1,188,000 $2,398,000 $3,424,000 Low SP $1,750,000 $1,680,000 $1,150,000 $1,188,000 $998,000 $959,000 High SP $2,300,000 $1,900,000 $1,900,000 $1,188,000 $1,400,000 $1,450,000 Median SP $2,025,000 $1,900,000 $1,321,000 $1,188,000 $1,999,000 $1,015,000 Average SP $2,025,000 $1,926,667 $1,436,167 $1,188,000 $1,999,000 $1,141,333 Average SP/Sq. Ft $981 $865 $658 $573 $573 $514 Average DOM 77 72 163 310 310 232 Average SP/LP 94 99 100 99 94 97 Keala O Wailea Keala O Wailea Condos for Sale Keala O Wailea Q2 2023 2022 2021 2020 2019 2018 Sales 1 4 12 9 13 77 Volume $2,400,000 $847,000 $23,053,000 $12,695,000 $18,859,000 $95,538,057 Low SP $2,400,000 $1,445,000 $1,280,000 $1,225,000 $1,060,000 $739,900 High SP $2,400,000 $2,727,000 $2,550,000 $1,670,000 $2,450,000 $2,300,000 Median SP $2,400,000 $2,162,500 $1,762,500 $1,415,000 $1,349,000 $1,149,900 Average SP $2,400,000 $2,124,250 $1,921,083 $1,410,556 $1,450,692 $1,240,754 Average SP/Sq. Ft $1,923 $1,593 $1,278 $1,094 $1,050 $887 Average DOM 35 65 128 155 121 763 Average SP/LP 100 103 98 97 98 100 Makali'i Makalii Condos for sale Makalii Q2 2023 2022 2021 2020 2019 2018 Sales 3 5 71 14 0 0 Volume $9,195,000 $14,110,000 $132,792,000 $21,094,000 $0 $0 Low SP $2,700,000 $1,750,000 $1,015,000 $1,250,000 NA NA High SP $3,400,000 $3,300,000 $3,200,000 $1,950,000 NA NA Median SP $3,095,000 $2,990,000 $1,812,000 $1,498,000 NA NA Average SP $3,065,000 $2,822,000 $1,870,310 $1,506,714 NA NA Average SP/Sq. Ft $1,784 $1,647 $1,113 $923 NA NA Average DOM 116 327 1170 1283 NA NA Average SP/LP 95 100 100 100 NA NA Makalii is a new development that launched in 2020 with presales beginning years prior. As such, days on market include build time and developer sales sell at 100 of asking Makena Golf & Beach Club Makena Golf & Beach Club Condos for Sale Makena Golf & Beach Club Q2 2023 2022 2021 2020 2019 2018 Sales 0 3 2 13 8 0 Volume $0 $26,806,000 $23,027,000 $91,931,000 $79,848,000 $0 Low SP NA $6,350,000 $10,527,000 $4,950,000 $9,037,000 NA High SP NA $11,256,000 $12,500,000 $15,400,000 $10,886,000 NA Median SP NA $9,200,000 $11,513,500 $7,044,000 $9,651,000 NA Average SP NA $8,953,333 $11,513,500 $7,071,615 $9,981,000 NA Average SP/Sq. Ft NA $1,995 $3,175 $1,929 $2,921 NA Average DOM NA 160 84 1071 1096 NA Average SP/LP NA 100 98 100 100 NA < Makena Surf Makena Surf Condos for Sale Makena Surf Q2 2023 2022 2021 2020 2019 2018 Sales 0 5 8 5 2 6 Volume $0 $24,000,000 $27,495,000 $16,724,990 $4,848,000 $15,110,000 Low SP NA $3,800,000 $2,735,000 $2,350,000 $2,298,000 $1,900,000 High SP NA $5,500,000 $4,000,000 $5,999,990 $2,550,000 $3,600,000 Median SP NA $5,200,000 $3,600,000 $2,850,000 $2,424,000 $2,450,000 Average SP NA $4,800,000 $3,436,875 $3,344,998 $2,424,000 $2,518,333 Average SP/Sq. Ft NA $3,538 $2,439 $1,878 $1,800 $1,963 Average DOM NA 117 114 190 53 161 Average SP/LP NA 95 97 95 101 93 Na Hale O Makena Na Hale O Makena Condos for Sale Na Hale O Makena Q2 2023 2022 2021 2020 2019 2018 Sales 1 4 6 1 2 3 Volume $2,550,000 $13,400,000 $11,627,790 $1,413,750 $2,975,000 $4,697,750 Low SP $2,550,000 $2,600,000 $1,500,000 $1,413,750 $1,325,000 $1,250,000 High SP $2,550,000 $3,550,000 $2,543,790 $1,413,750 $1,650,000 $1,850,000 Median SP $2,550,000 $3,400,000 $1,867,000 $1,413,750 $1,487,500 $1,597,750 Average SP $2,550,000 $3,350,000 $1,937,965 $1,413,750 $1,487,500 $1,565,917 Average SP/Sq. Ft $1,205 $1,288 $914 $668 $708 $673 Average DOM 36 129 136 107 250 150 Average SP/LP 94 96 98 98 87 98 Palms I at Wailea Palms I at Wailea Condos for Sale Palms at Wailea Q2 2023 2022 2021 2020 2019 2018 Sales 4 18 16 15 7 15 Volume $6,581,000 $24,834,000 $15,698,000 $12,349,350 $5,765,001 $12,196,800 Low SP $1,381,000 $985,000 $720,000 $690,000 $686,000 $680,000 High SP $1,950,000 $1,575,000 $1,230,000 $1,400,000 $950,000 $1,288,800 Median SP $1,625,000 $1,400,000 $932,500 $795,000 $875,000 $835,000 Average SP $1,645,250 $1,379,667 $981,125 $823,290 $823,572 $871,200 Average SP/Sq. Ft $1,336 $1,197 $863 $731 $736 $767 Average DOM 60 73 129 175 136 224 Average SP/LP 100 100 100 100 100 100 Palms II at Wailea (Wailea Palms) Wailea Palms Condos for Sale Wailea Palms Q2 2023 2022 2021 2020 2019 2018 Sales 2 8 10 5 10 6 Volume $3,683,500 $14,225,000 $11,567,000 $4,299,000 $10,639,100 $4,860,000 Low SP $1,632,500 $1,500,000 $835,000 $725,000 $800,000 $725,000 High SP $2,050,000 $2,550,000 $1,650,000 $1,125,000 $1,600,000 $1,050,000 Median SP $1,841,250 $1,707,500 $1,162,500 $820,000 $990,000 $772,500 Average SP $1,841,250 $1,778,125 $1,156,700 $859,800 $1,063,910 $810,000 Average SP/Sq. Ft $1,341 $1,348 $950 $759 $820 $636 Average DOM 129 65 112 98 100 125 Average SP/LP 99 100 98 98 95 95 Papali Wailea Papali Wailea Condos for Sale Papali Q2 2023 2022 2021 2020 2019 2018 Sales 0 0 4 1 0 1 Volume $0 $0 $16,170,000 $2,600,000 $0 $3,381,000 Low SP NA NA $3,795,000 $2,600,000 NA $3,381,000 High SP NA NA $4,400,000 $2,600,000 NA $3,381,000 Median SP NA NA $3,978,500 $2,600,000 NA $3,381,000 Average SP NA NA $4,042,500 $2,600,000 NA $3,381,000 Average SP/Sq. Ft NA NA $1,694 $1,090 NA $795 Average DOM NA NA 93 609 NA 79 Average SP/LP NA NA 100 87 NA 100 Polo Beach Club Polo Beach Club Condos for Sale Polo Beach Club Q2 2023 2022 2021 2020 2019 2018 Sales 0 2 6 2 3 0 Volume $0 $8,599,808 $20,155,000 $5,157,500 $7,825,000 $0 Low SP NA $3,999,808 $2,200,000 $2,575,000 $2,175,000 NA High SP NA $4,600,000 $4,675,000 $2,600,000 $3,400,000 NA Median SP NA $4,299,904 $3,365,000 $2,587,500 $2,940,000 NA Average SP NA $4,299,904 $3,359,167 $2,587,500 $2,608,333 NA Average SP/Sq. Ft NA $3,547 $2,696 $1,959 $2,134 NA Average DOM NA 61 72 102 167 NA Average SP/LP NA 99 97 99 97 NA Wailea Beach Villas Wailea Beach Villas Condos for Sale Wailea Beach Villas Q2 2023 2022 2021 2020 2019 2018 Sales 0 5 13 5 1 12 Volume $0 $41,225,000 $78,725,000 $19,944,000 $4,600,000 $55,626,500 Low SP NA $4,550,000 $2,845,000 $2,500,000 $4,600,000 $2,185,000 High SP NA $12,000,000 $14,000,000 $6,895,000 $4,600,000 $10,000,000 Median SP NA $7,800,000 $5,100,000 $3,900,000 $4,600,000 $3,925,250 Average SP NA $8,245,000 $6,055,769 $3,988,800 $4,600,000 $4,635,542 Average SP/Sq. Ft NA $3,160 $2,363 $1,534 $2,110 $1,831 Average DOM NA 76 137 181 336 177 Average SP/LP NA 99 98 94 94 98 Wailea Ekahi Wailea Ekahi Condos for Sale Wailea Ekahi Q2 2023 2022 2021 2020 2019 2018 Sales 6 17 27 18 23 17 Volume $10,570,427 $26,108,750 $31,861,512 $20,185,000 $2,725,700 $19,779,000 Low SP $1,436,627 $650,000 $647,000 $690,000 $650,000 $675,000 High SP $2,300,000 $2,070,000 $2,200,000 $2,750,000 $2,350,000 $2,195,000 Median SP $1,654,400 $1,575,000 $1,070,000 $974,500 $1,020,000 $1,025,000 Average SP $1,761,738 $1,535,809 $1,180,056 $1,221,389 $1,185,087 $1,163,471 Average SP/Sq. Ft $1,962 $1,687 $1,290 $1,147 $1,136 $1,140 Average DOM 110 75 91 154 213 154 Average SP/LP 98 100 98 95 96 94 Wailea Ekolu Wailea Ekolu Condos for Sale Wailea Ekolu Q2 2023 2022 2021 2020 2019 2018 Sales 6 11 14 6 12 10 Volume $11,449,500 $18,650,000 $16,403,000 $5,729,999 $12,062,000 $8,315,900 Low SP $1,542,000 $1,105,000 $899,000 $720,000 $645,000 $626,000 High SP $2,362,500 $2,295,000 $1,525,000 $1,100,000 $1,300,000 $1,057,500 Median SP $1,887,500 $1,700,000 $1,172,500 $1,012,500 $1,035,000 $798,500 Average SP $1,908,250 $1,695,455 $171,643 $955,000 $1,005,167 $831,590 Average SP/Sq. Ft $1,801 $1,735 $1,140 $929 $951 $781 Average DOM 110 74 74 90 86 155 Average SP/LP 98 102 101 96 97 98 Wailea Elua Wailea Elua Condos for Sale Wailea Elua Q2 2023 2022 2021 2020 2019 2018 Sales 1 3 11 2 4 10 Volume $2,800,000 $9,851,000 $29,100,000 $7,415,000 $7,030,000 $20,130,000 Low SP $2,800,000 $2,700,000 $1,550,000 $3,615,000 $1,500,000 $1,245,000 High SP $2,800,000 $4,201,000 $4,350,000 $3,800,000 $1,945,000 $3,800,000 Median SP $2,800,000 $2,950,000 $2,200,000 $3,707,500 $1,792,500 $1,670,000 Average SP $2,800,000 $3,283,667 $2,645,455 $3,707,500 $1,757,500 $2,013,000 Average SP/Sq. Ft $3,143 $2,812 $2,043 $2,945 $1,558 $1,526 Average DOM 116 91 104 144 93 258 Average SP/LP 97 103 101 95 98 94 Wailea Fairway Villas Wailea Fairway Villas Condos for Sale Wailea Fairway Villas Q2 2023 2022 2021 2020 2019 2018 Sales 4 11 26 8 9 16 Volume $5,848,022 $12,878,001 $24,430,500 $6,376,000 $6,912,000 $11,374,000 Low SP $1,095,000 $925,000 $725,000 $715,000 $599,000 $589,000 High SP $1,900,000 $1,495,000 $1,450,000 $1,090,000 $1,195,000 $910,000 Median SP $1,426,511 $1,150,000 $890,000 $767,000 $725,000 $720,000 Average SP $1,462,066 $1,170,727 $939,635 $797,000 $768,000 $710,875 Average SP/Sq. Ft $1,132 $1,177 $866 $772 $721 $695 Average DOM 96 94 76 201 200 141 Average SP/LP 97 99 99 97 98 98 Wailea Point Wailea Point Condos for Sale Wailea Point Q2 2023 2022 2021 2020 2019 2018 Sales 2 5 17 14 5 10 Volume $10,937,500 $23,110,000 $87,568,000 $48,840,331 $15,040,000 $28,650,888 Low SP $5,162,500 $2,075,000 $375,000* $1,525,000 $1,740,000 $275,000* High SP $5,775,000 $6,785,000 $16,000,000 $7,500,000 $5,400,000 $4,100,888 Median SP $5,468,750 $4,450,000 $5,000,000 $2,716,250 $2,650,000 $3,200,000 Average SP $5,468,750 $4,622,000 $5,151,059 $3,488,595 $3,008,000 $2,865,089 Average SP/Sq. Ft $2,983 $2,239 $1,945 $1,619 $1,582 $1,461 Average DOM 151 80 169 174 140 130 Average SP/LP 93 97 97 95 94 93 *Sale of a garage Wailea Town Center Wailea Town Center Condos for Sale Wailea Town Center Q2 2023 2022 2021 2020 2019 2018 Sales 0 0 2 0 0 1 Volume $0 $0 $3,390,000 $0 $0 $1,550,000 Low SP NA NA $1,690,000 NA NA $1,550,000 High SP NA NA $3,390,000 NA NA $1,550,000 Median SP NA NA $1,695,000 NA NA $1,550,000 Average SP NA NA $1,695,000 NA NA $1,550,000 Average SP/Sq. Ft NA NA $968 NA NA $812 Average DOM NA NA 71 NA NA 167 Average SP/LP NA NA 104 NA NA 97 If you are thinking of buying or selling in Wailea or Makena, please contact Courtney M. Brown for more detailed information on the market at each of these Wailea and Makena communities Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value. Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.

5 Luxury Resorts & Hotels on Maui with Privately Owned Condo Residences

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Sun, 11 Nov 2018 17:38:00 -1000

Where on Maui can you live like you're on vacation at a world-class luxury resort 365 days a year? Well, it just so happens, Maui has 5 condominium communities in the resorts of Kaanapali, Kapalua and Wailea that have received the recognition by Forbes or AAA as leaders in Luxury Lodging. These properties are desirable for many of Maui's second home Buyers who would like the amenities of a luxury hotel (hello, room service). For those who are looking for a part-time residence, they offer an added bonus: the ability to rent their residence through an on-site rental management program known for offering accommodations that are maintained to the exacting standards of a luxury brand. The following Maui luxury condominium resorts have been acknowledged with either Four or Five-Stars (Forbes) or Four or Five-Diamonds (AAA): Wailea: Luxury Residences Sunset at Andaz Wailea Andaz Residences Situated on 15 oceanfront acres overlooking Mokapu Beach in the heart of the Wailea Resort, the Andaz Wailea is home to just 12 private condominium residences. With five distinct floor plansFloor Plans: 3B/4B and 4B/5B Size: 2644-3965 sq. ft.Built: 2013With so few units built, there are only a handful of sales on record since the development launched in 2013. There are no active listings at the time of this post, and no sales to report YTD for 2018.Low/High Sales Prices: $4,150,000 (2016)/$11,395,000 (2013)Amenities: concierge, in-home dining, beach valets, fitness center, housekeeping, restaurants, security, and spa services. (tip: my favorite spots at the Andaz are grabbing a sashimi pizza at the oceanfront bar at Morimotos and sitting by the pool at the uppermost level--the Southside Gin Fizz is very refreshing)Award: 4-Diamond AAAView Andaz Residences Condos for Sale Ho'olei at Grand Wailea Ho'olei is unique in that this stand-alone condominium community was built after the Grand Wailea, and a rental program was developed which provided the popular hotel resort with a three-bedroom option for large parties or families. There are 120 townhomes situated on approximately 30 acres, located directly across the street from the Grand Wailea.Floor Plans: 3B/3.5B with garageSize: 2426-3076 sq. ft.Built: 2008Sales YTD 2018: $1,750,000 to $3,212,500Low/High Sales Prices: $1,595,000 (2007)/$3,900,000 (2008)Amenities at the Grand Wailea, a Waldorf Astoria Hotel include: concierge, Forbes 4-Star Spa Grande, restaurants, fitness center, separate adult pool and pools with waterslides, shopsAmenities at Ho'olei: gated, in unit elevators, fitness center, pool and children's pool with sandy beach, jacuzzi spasAward: 4-Diamond AAAView Ho'olei Condos for Sale HONORABLE MENTION: Wailea Beach Villas Located adjacent to the Shops at Wailea, the Wailea Beach Villas are nestled on the popular Wailea Beach. This popular community is comprised of 98 residences on close to 11 oceanfront acres.Floor Plans: 2B/2B, 2B/2.5B and 3B/3BSize: 1899-2935 sq. ft.Built: 2005Sales Prices YTD in 2018: $2,8150,000 to $10,000,000Low/High Sales Prices: $1,150,000 (2006)/$12,500,000 (2010)Amenities at the Wailea Beach Villas: gated, adult and family pools, hot tubs, conference center, billiards room, fitness center, beach valetsAwards: as Wailea Beach Villas aren't technically a hotel, they aren't evaluated under traditional rating systems. However, this resort receives high ratings for luxury service and its amenities from reviewers at lauded travel publications, Condé Nast Traveler and Trave+Leisure.View Wailea Beach Villas for Sale Wailea Amenities: Beaches, dining, golf, shopping, spas, tennis. The open-air Shops at Wailea features one of my favorite places to grab a bite (a few of my go-to favorites: the Spicy Beef Salad at the gastropub Pint & Cork; Shrimp Longhi at Longhi's; Ahi Tuna Tacos or Ahi Poke Napolean at Tommy Bahama's), shop for clothes, or buy unique gifts (I always find something I love Sand People and Soha Living). Kapalua: Luxury Residences Montage Residences Kapalua Bay Perhaps my personal favorite of all of the residential offerings at Luxury Condominiums, the Montage Kapalua Bay is comprised of 84 whole ownership Grand Residences situated overlooking Kapalua Bay. Owner's love having a dedicated team of Residential Liaisons that are there to assist with making ownership of a residence a worry-free experience, assisting with the day to day of receiving packages and coordinating repairs, to preparing for arrival and helping with departures. The Forbes 5-Star property is home to the Kapalua Wine and Food Festival's opening event, and is a popular destination for those playing in the PGA Tour's Tournament of Champions.Floor Plans*: 3B/3.5B, 3B/3.5B + Den, 4B/4.5BSize: 2789-4055 sq. ft.Built: 2009Sales Prices YTD in 2018: $3,495,000 to $8,950,000Low/High Sales Prices: $2,800,000 (2011)/$8,950,000 (2018)Amenities Onsite: Forbes 4-Star award-winners Cane & Canoe and Spa Montage Kapalua Bay, market, beach club, residential liaisons, concierge, porter/bellman, valet and self-parking, storage, garage parking for grand residences in Buildings 1, 2 and 5.Awards: 4-Diamond AAA, 5-Star Forbes 2018View Montage Kapalua Bay Residences for Sale *New Developer Offering at the Montage Residences Kapalua Bay: is anticipated for release at the end of 2018/early 2019: 15 smaller residences that are 2 and 3B floor plans. More Details to come soon. Contact Courtney for more information. Ritz Carlton Residences, Kapalua The View from 1614 at the Ritz-Carlton Residences, Kapalua In 2007, the Ritz-Carlton Kapalua underwent a spectacular renovation, turning the Honolua wing into 107 privately held one and two bedroom condominium residences. The Ritz-Carlton is synonymous with luxury service and the brand has extended this to luxury residences throughout the world. Each Year, the Ritz-Carlton Kapalua is host to the popular Seafood Festival, the closing event of the Kapalua Wine and Food Festival.Floor Plans: 1B/1B, 2B/2B,Size: 870-1477 sq. ft.Built: 2007Sales Prices YTD in 2018: $830,000 to $1,400,000Low/High Sales Prices: $640,000 (2015)/$2,716,888 (2015)Amenities Onsite: Forbes 4-Star award-winning Ritz-Carlton Spa, Kapalua, coffee shop, several restaurants including the Banyan Tree, a hidden gem for a beautiful evening and the oceanfront Burger Shack on D.T. Fleming Beach, fitness center, concierge, bellman/porter services, valet parkingAwards: 5-Diamond AAA, 4-Star ForbesView Ritz-Carlton Kapalua Residences for Sale Kapalua Amenities: beaches, dining, golf, shopping, spas, tennis. Kapalua is a 1650 acre master-planned community set within 22,000 acres extending from the ocean to the Pu'u Kukui watershed. What I love about Kapalua is that it is surrounded by natural beauty, most of the surrounding area is in conservation, including the 45-acre marine preserve of Honolua and Mokuleia Bays. Less explored but incredibly beautiful are Kapalua's hiking and walking trails. The resort has a feeling of peacefulness, yet is populated by award-winning restaurants such as Sansei and Merriman's. Owner's in Kapalua may join the Kapalua Club, which provides special access to the Beach Club at Montage Kapalua Bay and the Spa Montage, the Bay and Plantation Golf Courses, and the Kapalua Tennis Gardens. Kaanapali: Luxury Residences Honua Kai Located on the beach just North of the Kaanapali Resort, Honua Kai has been a popular vacation destination since sales began in 2008. With 627 condominium residences, this is the largest of the developments on this list. Unlike the other 4 and 5-Diamond properties, the Honua Kai offers smaller residences including studios and one-bedroom floor plans, for those who want to have the experience of staying at a luxury hotel, but also want to make the purchase a smaller commitment in their real estate portfolio. Floor Plans: Studio/1B, 1B/1B, 2B/2B and 3B/3BSize: 580-2770 sq. ft.Built: 2008Sales Prices YTD in 2018: $695,000 to $3,900,000Low/High Sales Prices: $399,900 (2012)/$5,490,309 (2016)Amenities at the Honua Kai: adult and family pools, hot tubs, BBQ Grills, Bar and Lounge, fitness center, Aina Gourmet Market, elevators, valet and self-parking, concierge, porter/bellhop, Ho'ola Spa and Duke's Restaurant (this is a great place to whale watch as you take in the sunset).Award: 4 Diamond AAAView Honua Kai Condominiums for SaleNew Developer Offering 2018: Luana Gardens at Honua Kai: 72 new residences, each 3B/3B and just over 2000 sq. ft. Contact Courtney for more information. Kaanapali Amenities: Beaches, dining, golf, shopping, spas, tennis. Kaanapali's three-mile stretch of beach that has been awarded the accolade "America's Best Beach" by Dr. Beach and Keka'a Beach, on the North Side of Black Rock, is a local favorite to the North. In addition to its popular beaches, golf, and tennis, Kaanapali is home to Whaler's Village, a popular oceanfront shopping center. Whaler's Village is home to several of Maui's most popular sit-down restaurants, including Hula Grill (tip--there are two menus at Hula Grill--the dining menu and the barefoot bar menu. If you eat at the kitchen bar or the bar, you can order from both menus), Leilani's (known for it's fish tacos), Monkeypod Kitchen, as well as local favorites Joey's Kitchen and Choice Health Bar (my favorite salad on Maui is their Ceasar Salad). Shops include Tommy Bahama's, Sephora, many local surf and clothing stores and much more.