Kaanapali Resort Condominium Market Update | Q 1 2024

Posted by Courtney M. Brown on Friday, April 5th, 2024 at 3:32pm.

KAANAPALI CONDOMINIUM MARKET UPDATE: Q1 2024

Kaanapali Condos for Sale

Kaanapali Resort Condominiums

Kaanapali Condominiums

Kaanapali is home to several different condominium communities, with offerings ranging from studios to four-bedroom condominiums.  Located along Kaanapali Beach are the Kaanapali Alii and Whaler, and located on Kahekili are the Maui Kaanapali Villas, Honua Kai, Mahana and Maui Kai.  Surrounding the Golf Course, you'll find the Maui Eldorado, the Masters, Kaanapali Plantation, International Colony Club and Vintage.

Kaanapali Resort Condos 2024 2023 2022 2021 2020 2019
Number of Sales 23 70 148 237 159 168
Volume $37,105,000 $123,054,600 $247,257,475 $321,700,298 $212,877,531 $205,331,916
Low Sales Price $520,000 $475,000 $325,000 $318,000 $319,000 $240,000
High Sales Price $4,625,000 $5,650,000 $5,899,000 $5,400,000 $3,300,000 $4,995,000
Median $1,550,000 $1,500,000 $1,412,500 $995,000 $1,050,000 $952,500
Average SP $1,613,261 $1,757,923 $1,670,659 $1,357,385 $1,338,852 $1,222,214
Average SP/Sq. Ft. $1,707 $1,617 $1,486 $1,158 $955 $1,010
Average DOM 99 103 90 127 248 218
Average SP/LP 97% 96% 98% 98% 96% 97%
There are a mix of leasehold and fee simple condominiums in Kaanapali      

 

How does the market through the first quarter of 2024 stack up for each community as compared with prior years?

A FIVE-YEAR OVERVIEW

Honua Kai

Honua Kai: condos for sale All Buildings

Honua Kai Q1 2024 2023 2022 2021 2020 2019
Sales 8 18 45 63 72 57
Volume $14,925,000 $37,688,999 $112,632,875 $121,182,648 $137,972,250 $91,809,500
Low SP $1,275,000 $1,200,000 $1,150,000 $807,500 $735,000 $774,000
High SP $2,950,000 $5,525,000 $5,899,000 $5,400,000 $3,199,000 $3,300,000
Median SP $1,667,500 $1,843,500 $1,900,000 $1,550,000 $2,119,750 $1,700,000
Average SP $1,865,625 $2,093,778 $2,502,953 $1,923,534 $1,916,281 $1,610,693
Average SP/Sq. Ft $2,348 $2,178 $2,154 $1,498 $1,139 $1,190
Average DOM 74 114 97 137 404 318
Average SP/LP 98% 96% 98% 98% 98% 98%

International Colony Club

International Colony Club condos for sale

International Colony Club Q1 2024 2023 2022 2021 2020 2019
Sales 0 2 0 5 1 1
Volume NA $2,910,000 NA $3,150,000 $575,000 $618,000
Low SP NA $1,310,000 NA $600,000 $575,000 $618,000
High SP NA $1,600,000 NA $680,000 $575,000 $618,000
Median SP NA $1,455,000 NA $620,000 $575,000 $618,000
Average SP NA $1,455,000 NA $630,000 $575,000 $618,000
Average SP/Sq. Ft NA $1,035 NA $556 $614 $445
Average DOM NA 41 NA 143 127 237
Average SP/LP NA 101% NA 100% 96% 98%

Kaanapali Alii

Kaanapali Alii condos for sale

Kaanapali Alii Q1 2024 2023 2022 2021 2020 2019
Sales 1 6 12 27 9 16
Volume $4,625,000 $23,125,000 $31,841,600 $66,456,000 $18,215,000 $39,230,000
Low SP $4,625,000 $2,350,000 $1,020,000* $918,000* $1,200,000 $1,100,000
High SP $4,625,000 $5,650,000 $4,596,600 $5,000,000 $3,300,000 $4,995,000
Median SP $4,625,000 $3,787,500 $2,387,500 $2,300,000 $1,700,000 $2,147,500
Average SP $4,625,000 $3,854,167 $2,653,467 $2,461,333 $2,023,889 $2,451,875
Average SP/Sq. Ft $2,815 $2,427 $1,739 $1,595 $1,248 $1,560
Average DOM 129 76 97 125 129 213
Average SP/LP 95% 96% 96% 97% 92% 95%

Kaanapali Plantation

Kaanapali Plantation condos for sale

Kaanapali Plantation Q1 2024 2023 2022 2021 2020 2019
Sales 2 1 9 11 4 3
Volume $2,575,000 $1,375,000 $11,244,000 $8,570,250 $3,190,000 $2,039,000
Low SP $1,275,000 $1,375,000 $860,000 $448,000 $755,000 $629,000
High SP $1,300,000 $1,375,000 $1,500,000 $1,200,000 $870,000 $780,000
Median SP $1,287,500 $1,375,000 $1,325,000 $731,250 $782,500 $630,000
Average SP $1,287,500 $1,375,000 $1,249,333 $779,114 $797,500 $679,667
Average SP/Sq. Ft $974 $1,194 $979 $595 $558 $544
Average DOM 76 77 60 129 127 $282
Average SP/LP 99% 92% 97% 98% 95% 97%

Kaanapali Royal

Kaanapali Royal condos for sale

Kaanapali Royal Q1 2024 2023 2022 2021 2020 2019
Sales 3 4 2 3 6 9
Volume $4,475,000 $6,620,000 $2,455,000 $2,792,000 $4,372,500 $6,997,750
Low SP $1,350,000 $1,500,000 $1,160,000 $820,000 $350,000* $705,000
High SP $1,575,000 $1,950,000 $1,295,000 $1,100,000 $850,000 $864,750
Median SP $1,550,000 $1,585,000 $1,227,500 $872,000 $795,000 $765,000
Average SP $1,491,667 $1,655,000 $1,227,500 $930,667 $728,750 $777,528
Average SP/Sq. Ft $958 $1,057 $805 $571 $478 $504
Average DOM 121 85 35 99 99 101
Average SP/LP 96% 95% 108% 103% 97% 97%
* Leasehold sales in 2017 and 2020          

Kaanapali Shores

Kaanapali Shores condos for sale

Kaanapali Shores Q1 2024 2023 2022 2021 2020 2019
Sales 2 11 29 33 15 15
Volume $2,325,000 $12,429,900 $26,657,500 $25,358,000 $9,727,381 $9,938,167
Low SP $1,050,000 $650,000* $325,000* $318,000* $320,000* $365,000
High SP $1,275,000 $2,500,000 $2,360,000 $2,125,000 $950,000 $997,000
Median SP $1,162,500 $979,900 $810,000 $700,000 $645,000 $557,500
Average SP $1,162,500 $1,129,991 $919,224 $768,424 $635,159 $621,135
Average SP/Sq. Ft $1,377 $1,261 $1,098 $931 $781 $830
Average DOM 68 115 91 145 142 117
Average SP/LP 93% 97% 98% 98% 95% 97%
*There were leasehold sales every year except 2024.  Low is marked with the asterisk    

The Mahana at Kaanapali

The Mahana at Kaanapali condos for sale

Mahana Q1 2024 2023 2022 2021 2020 2019
Sales 1 7 21 12 5 9
Volume $835,000 $10,582,500 $26,241,500 $14,372,400 $4,858,000 $8,302,000
Low SP $835,000 $1,175,000 $772,500 $725,000 $640,000 $625,000
High SP $835,000 $3,005,000 $2,300,000 $1,725,000 $1,650,000 $1,850,000
Median SP $835,000 $1,227,500 $1,160,000 $1,197,500 $880,000 $825,000
Average SP $835,000 $1,511,788 $1,249,595 $1,197,708 $971,600 $922,444
Average SP/Sq. Ft $1,831 $1,655 $1,591 $1,330 $1,314 $1,174
Average DOM 21 126 78 253 161 140
Average SP/LP 100% 97% 97% 97% 96% 98%

Maui Eldorado

Maui Eldorado condos for sale

Maui Eldorado Q1 2024 2023 2022 2021 2020 2019
Sales 1 6 10 12 10 12
Volume $520,000 $4,657,700 $7,011,000 $6,803,500 $4,302,500 $4,766,000
Low SP $520,000 $475,000 $415,000 $345,000 $240,000 $240,000
High SP $520,000 $1,250,000 $1,137,500 $965,000 $835,000 $835,000
Median SP $520,000 $591,350 $616,250 $460,750 $403,750 $332,500
Average SP $520,000 $776,283 $701,100 $566,958 $430,250 $397,167
Average SP/Sq. Ft $912 $858 $657 $559 $458 $458
Average DOM 94 88 64 131 79 79
Average SP/LP 97% 95% 101% 98% 96% 96%
Maui Eldorado is a Leasehold property          

Maui Kaanapali Villas

Maui Kaanapali Villas condos for sale

Maui Kaanapali Villas Q1 2024 2023 2022 2021 2020 2019
Sales 1 0 6 15 10 5
Volume $1,095,000 NA $4,615,000 $9,598,900 $5,884,400 $3,695,000
Low SP $1,095,000 NA $400,000 $345,000 $432,500 $430,000
High SP $1,095,000 NA $1,100,000 $915,000 $799,000 $1,050,000
Median SP $1,095,000 NA $767,500 $625,000 $487,450 $760,000
Average SP $1,095,000 NA $769,167 $639,927 $588,440 $739,000
Average SP/Sq. Ft $1,190 NA $1,154 $985 $889 $932
Average DOM 24 NA 111 64 54 49
Average SP/LP 100% NA 99% 98% 98% 100%

  

Maui Kai

Maui Kai condos for sale

Masters Q1 2024 2023 2022 2021 2020 2019
Sales 1 1 7 6 6 9
Volume $680,000 $935,000 $5,308,000 $3,541,000 $3,199,000 $4,899,000
Low SP $935,000 $935,000 $560,000 $458,000 $415,000 $430,000
High SP $935,000 $935,000 $1,090,000 $785,000 $675,000 $745,000
Median SP $935,000 $935,000 $665,000 $526,500 $525,000 $525,000
Average SP $935,000 $935,000 $758,286 $590,167 $533,167 $544,333
Average SP/Sq. Ft $1,722 $1,445 $1,530 $1,257 $1,052 $1,033
Average DOM 28 38 64 151 193 202
Average SP/LP 99% 100% 101% 99% 95% 96%

  

The Masters at Kaanapali Hillside

The Masters at Kaanapali Hillside condos for sale

Masters Q1 2024 2023 2022 2021 2020 2019
Sales 0 9 17 31 15 18
Volume NA $14,390,000 $25,371,000 $34,802,000 $13,586,500 $15,498,500
Low SP NA $1,275,000 $900,000 $675,000 $575,000 $550,000
High SP NA $1,990,000 $2,175,000 $1,929,000 $1,300,000 $1,400,000
Median SP NA $1,600,000 $1,565,000 $1,107,000 $945,000 $852,000
Average SP NA $1,598,889 $1,492,412 $1,122,645 $905,766 $861,028
Average SP/Sq. Ft NA $1,035 $989 $796 $639 $660
Average DOM NA 165 62 133 97 225
Average SP/LP NA 93% 100% 98% 95% 95%

 

The Vintage at Kaanapali

The Vintage condos for sale

Vintage Q1 2024 2023 2022 2021 2020 2019
Sales 1 3 3 7 4 6
Volume $2,100,000 $5,574,000 $5,190,000 $9,734,000 $4,573,000 $6,840,999
Low SP $2,100,000 $1,775,000 $1,200,000 $1,100,000 $950,000 $890,999
High SP $2,100,000 $1,999,000 $1,995,000 $1,620,000 $1,375,000 $1,425,000
Median SP $2,100,000 $1,800,000 $1,995,000 $1,360,000 $1,124,000 $1,125,000
Average SP $2,100,000 $1,858,000 $1,730,000 $1,390,571 $1,143,250 $1,140,167
Average SP/Sq. Ft $1,167 $931 $797 $693 $621 $610
Average DOM 292 104 203 87 148 237
Average SP/LP 92% 96% 97% 99% 96% 94%

 

The Whaler at Kaanapali Beach

The Whaler at Kaanapali Beach condos for sale

Whaler Q1 2024 2023 2022 2021* 2020 2019
Sales 2 5 8 24 7 16
Volume $2,950,000 $6,650,000 $14,931,500 $29,712,000 $7,480,000 $19,000,000
Low SP $1,300,000 $1,085,000 $1,080,000 $500,000 $795,000 $750,000
High SP $1,650,000 $1,420,000 $3,970,000 $3,650,000 $1,250,000 $2,750,000
Median SP $1,475,000 $1,395,000 $1,575,000 $945,500 $1,100,000 $945,000
Average SP $1,475,000 $1,330,000 $1,866,438 $1,238,000 $1,068,571 $1,187,500
Average SP/Sq. Ft $1,630 $2,473 $1,959 $1,524 $1,266 $1,380
Average DOM 223 48 85 116 150 173
Average SP/LP 96% 103% 98% 98% 91% 95%
*Leasehold Sale occurred in this year          

 

If you are thinking of buying or selling in Kaanapali, please contact Courtney M. Brown for more detailed information on the market at each of these Kaanapali communities

119 Properties Found. Page 3 of 10

Welcome To Unit 311 At Kaanapali Shores, A Beau...

Photo of Listing #405991

$900,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 10.1 Acres
  • 853 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 311, Kaanapali, HI

MLS® #405991

Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-8776

Welcome To Unit 311 At Kaanapali Shores, A Beautifully Upgraded Ocean-view Condo Offering The Perfect Blend Of Comfort, Functionality, And Tropical Elegance. Located In One Of West Maui’s Most Sought-after Oceanfront Resorts, This Spacious Unit Is Ideal As ...

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A Spectacular Opportunity To Own A Penthouse Co...

Photo of Listing #405966

$2,300,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,650 ft²

Residential

50 Nohea Kai Dr, Unit 2-1105, Kaanapali, HI

MLS® #405966

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-250-5948

A Spectacular Opportunity To Own A Penthouse Corner Ocean View 2 Bedroom 2 Bathroom Unit At The Kaanapali Alii Overlooking The World Famous Kaanapali Beach. Imagine Waking Up To The Gentle Sounds Of Waves Crashing On The Shore, Stepping On To Your Private ...

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Motivated Seller! Mahana 308 Is A Stunning Ocea...

Photo of Listing #405969

$1,150,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 5.01 Acres
  • 820 ft²

Residential

110 Kaanapali Shores Pl, Unit 308, Kaanapali, HI

MLS® #405969

Listed By: Hawaii Life (KAP)
Office Contact: Cell: 808-205-3995

Motivated Seller! Mahana 308 Is A Stunning Oceanfront Retreat Offering Incomparable Views Through Floor-to-ceiling Glass Windows That Bring The Pacific Right Into Your Living Space. This Spacious 1 Bedroom, 1 Bathroom Condo Features 820 Square Feet Of Well-...

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Perched Above The Lush Tropical Canopy In The K...

Photo of Listing #405959

$1,400,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 39.84 Acres
  • 615 ft²

Residential

130 Kai Malina Pkwy, Unit Nr930, Kaanapali, HI

MLS® #405959

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-205-5201

Perched Above The Lush Tropical Canopy In The Konea Tower At Honua Kai, This Beautifully Appointed One-bedroom, One-bath Residence Offers A Private Retreat Framed By The Dramatic Beauty Of The West Maui Mountains And Glimpses Of The Pacific Ocean. Rainbows ...

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From The Moment One Enters Whaler 701, Stunning...

Photo of Listing #405917

$3,295,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 6.67 Acres
  • 941 ft²

Residential

2481 Kaanapali Pkwy, Unit 701, Kaanapali, HI

MLS® #405917

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677

From The Moment One Enters Whaler 701, Stunning Unobstructed Ocean Views Are Enjoyed From The Kitchen, To The Living Room And Throughout The Bedroom! Providing A South-west Facing Ocean View As Well As A North Facing View Of Kaanapali’s Iconic Black Rock Be...

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Welcome To Kaanapali Shores 939, A Beautiful 1-...

Photo of Listing #405920

$600,000 Active Leasehold

  • 1 Beds
  • 1 Baths
  • 10.1 Acres
  • 717 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 939, Kaanapali, HI

MLS® #405920

Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-8776

Welcome To Kaanapali Shores 939, A Beautiful 1-bedroom, 1-bathroom Condo That Offers A Perfect Blend Of Comfort, Elegance, And The True Spirit Of Island Living. Located On The 9th Floor, This Quiet Retreat Boasts Breathtaking Ocean And Courtyard Views From ...

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Move Right Into This Fully Furnished, Turn-key ...

REDUCED 7% Photo of Listing #405862

$1,350,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 37.9 Acres
  • 905 ft²

Residential

2481 Kaanapali Pkwy, Unit 109, Kaanapali, HI

MLS® #405862

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-283-3067

Move Right Into This Fully Furnished, Turn-key 1-bedroom, 2-bath Unit At The Whaler I, Ideally Situated In The Heart Of Ka‘anapali Beach. Rarely Available, Unit 111/109 Features A Coveted Ground-floor Inner Courtyard Location With Serene Ocean Views And Dir...

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Prime Penthouse Location With Stunning Ocean Vi...

Photo of Listing #405843

$2,850,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.03 Acres
  • 1,441 ft²

Residential

50 Nohea Kai Dr, Unit 1-1101, Kaanapali, HI

MLS® #405843

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-276-6443

Prime Penthouse Location With Stunning Ocean Views Overlooking World Famous Kaanapali Beach And Black Rock. This One Bedroom Plus Den Can Sleep Up To 6 Guests And Features Granite Countertops, Custom Cabinetry, Two Walk In Showers As Well As Tile Flooring T...

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Discover Your Maui Retreat At Kaanapali Shores ...

Photo of Listing #405848

$800,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 10.1 Acres
  • 717 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 241, Kaanapali, HI

MLS® #405848

Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-8776

Discover Your Maui Retreat At Kaanapali Shores 241—a Beautifully Updated 1-bedroom, 1-bath Condo Nestled In The Quiet Interior Courtyard Of This Beachfront Resort. Located On The Second Floor, This Unit Offers A Spacious Lanai Overlooking Serene Koi Ponds, ...

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Driving Down Kaanapali Shores Place Under The M...

Photo of Listing #405779

$2,300,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,178 ft²

Residential

110 Kaanapali Shores Pl, Unit 501, Kaanapali, HI

MLS® #405779

Listed By: Maui Paradise Properties LLC
Office Contact: 808-661-1535

Driving Down Kaanapali Shores Place Under The Majestic Shade Of Monkeypod Trees, You Feel Time Slow Down -- As If You've Stepped Into The Tropical Paradise Of Yesteryear. E Komo Mai To The Mahana, One Of The Most Luxurious Direct Oceanfront Complexes Along ...

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Motivated Seller! Hokulani 237 At The Honua Kai...

REDUCED 4% Photo of Listing #405784

$1,295,000 Active Fee Simple

  • 1 Baths
  • 39.84 Acres
  • 595 ft²

Residential

130 Kai Malina Pkwy, Unit Sr 237, Kaanapali, HI

MLS® #405784

Listed By: Hawaii Life (KAP)
Office Contact: Cell: 808-205-3995

Motivated Seller! Hokulani 237 At The Honua Kai Resort Is Your Perfect Slice Of Ka'anapali Paradise. This Beautifully Appointed Studio Offers Stunning Resort And Garden Views. Experience True Indoor/outdoor Living With Large Nano Doors That Open Wide, Invit...

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This Front-row Maui Eldorado Turnkey Studio Off...

REDUCED 5% Photo of Listing #405787

$520,000 Active Leasehold

  • 1 Baths
  • 10.2 Acres
  • 570 ft²

Residential

2661 Kekka Dr, Unit A-110, Kaanapali, HI

MLS® #405787

Listed By: Maui Luxury Realty LLC
Office Contact: Cell: 808-740-5740

This Front-row Maui Eldorado Turnkey Studio Offers The Perfect Opportunity For A Relaxed And Luxurious West Maui Lifestyle, An Investment Property, Or Both. Enjoy Stunning Ocean And Golf Course Views From Your Spacious, Ground-floor Unit In The Highly Desir...

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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.

This blog post was updated on 4/5/24.  

Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty

 

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