Montage Residences at Kapalua Bay: Market Overview and New Listing
Posted
by Courtney M. Brown
on Monday, February 19th, 2018 at 9:27pm.
Montage Residences Kapalua Bay: Market Overview and New Listing!
The from Residence #4402, a corner lanai facing South West is ideal to take in Maui's sunsets
Now offered - Residences at Kapalua Bay #4402, Interval #1 the most desirable holiday weeks (December/January) at the Montage at Kapalua Bay. Enjoy spectacular winter sunsets, ocean views, and indulge your passion for luxury as an owner at this premier five-star resort. Walk to the beach at Kapalua Bay, lounge by the pool, experience fine dining, or play on the famous Plantation and Bay courses.
Enjoy ocean views from the spacious corner lanai, as well as the living room and both bedroom suites. This is a deeded one-twelfth fractional ownership with 21 guaranteed days each year and additional days on a per diem/space available basis. In addition to the two fixed December-January weeks, there is an additional floating week with dates ranging from late August to mid-October.
Whole ownership offerings at the Montage Residences Kapalua Bay currently range from $3,200,000 to $6,450,000. Fractional interests range from $99,900 to $549,000. Read More on both markets below.
The Living Room, Dining Area, Kitchen, and both Bedroom Suites feature sweeping ocean views.
Residences at Kapalua Bay Fractional Ownership (1/12th Ownership)
The Residences at Kapalua Bay's fractional component is comprised of 177 fractional interests in two and three bedroom condominiums that are 1/12th deeded ownership. There are two types of fractions--intervals 1-24 offer two consecutive weeks and one floating week during the opposite season. Intervals 25-36 offer three consecutive weeks.
Value is reflected in several factors: the size of the Residence (two or three bedrooms); location; view; and interval period, which is why you will see a wide range of asking and sales prices. While the property is not part of an exchange program, owners may contract with Montage Hotels to rent the residence if they aren't able to enjoy it themselves.
Montage Residences at Kapalua Bay (Whole Ownership Residences)
Comprised of 84 wholly owned three and four bedroom residences, these are some of the largest condominiums available in West Maui.
Since being rebranded the Montage Residence Kapalua Bay in 2014, sales at the property have soared. As an overview, when sales at the property first launched in 2009, the market was at a downturn after it's 2007/2008 peak. The low for the Kapalua Resort real estate market took place after in 2012.
To give you a better sense of how significantly the market has changed, between 2009-2011 there were 14 sales averaging approximately $3.83M, with a total sales volume of $53,747,552. The foreclosure took place in 2011, and sales ceased while improvements were made property wide.
As of the date of this post, there have been 12 Residences to sell at the Montage Kapalua Bay, averaging $4.53M and a Year to Date volume of $54,388,000 with another $20,565,000 in pending sales in MLS. This represents a dramatic 83% increase over 2016's total sales volume of $41,000,000.
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-250-0210
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*Statistics above are at the time of this post per MLS. Any interested party should do their own due diligence as the information is subject to change.
Courtney M. Brown, R(S) & Team Vice President Island Sotheby's International Realty
