Kaanapali Resort Condominium Market Update: Q2 | 2023

Posted by Courtney M. Brown on Thursday, July 27th, 2023 at 12:48pm.

KAANAPALI CONDOMINIUM MARKET UPDATE: Q2 2023 

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 Q2 2023 2022 2021 2020 2019 2018
Number of Sales 39 148 237 159 168 173
Volume $66,617,900 $247,257,475 $321,700,298 $212,877,531 $205,331,916 $191,084,387
Low Sales Price $600,000 $325,000 $318,000 $319,000 $240,000 $159,000
High Sales Price $5,525,000 $5,899,000 $5,400,000 $3,300,000 $4,995,000 $5,725,000
Median $1,500,000 $1,412,500 $995,000 $1,050,000 $952,500 $801,000
Average SP $1,708,151 $1,670,659 $1,357,385 $1,338,852 $1,222,214 $1,104,534
Average SP/Sq. Ft. $1,597 $1,486 $1,158 $955 $1,010 $955
Average DOM 111 90 127 248 218 170
Average SP/LP 97% 98% 98% 96% 97% 96%
There are a mix of leasehold and fee simple condominiums in Kaanapali      

How does the market through the second quarter of 2023 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 Q2 2023 2022 2021 2020 2019 2018
Sales 11 45 63 72 57 40
Volume $24,458,000 $112,632,875 $121,182,648 $137,972,250 $91,809,500 $64,235,287
Low SP $1,220,000 $1,150,000 $807,500 $735,000 $774,000 $695,000
High SP $5,525,000 $5,899,000 $5,400,000 $3,199,000 $3,300,000 $5,725,000
Median SP $1,975,000 $1,900,000 $1,550,000 $2,119,750 $1,700,000 $1,120,000
Average SP $2,223,455 $2,502,953 $1,923,534 $1,916,281 $1,610,693 $1,605,882
Average SP/Sq. Ft $2,184 $2,154 $1,498 $1,139 $1,190 $1,357
Average DOM 119 97 137 404 318 117
Average SP/LP 97% 98% 98% 98% 98% 98%

International Colony Club

International Colony Club condos for sale

 

International Colony Club Q2 2023 2022 2021 2020 2019 2018
Sales 0 0 5 1 1 9
Volume 0 0 $3,150,000 $575,000 $618,000 $4,749,500
Low SP NA NA $600,000 $575,000 $618,000 $388,500
High SP NA NA $680,000 $575,000 $618,000 $640,000
Median SP NA NA $620,000 $575,000 $618,000 $501,000
Average SP NA NA $630,000 $575,000 $618,000 $527,722
Average SP/Sq. Ft NA NA $556 $614 $445 $495
Average DOM NA NA 143 127 237 268
Average SP/LP NA NA 100% 96% 98% 93%

 

Kaanapali Alii

Kaanapali Alii condos for sale

Kaanapali Alii Q2 2023 2022 2021 2020 2019 2018
Sales 3 12 27 9 16 15
Volume $8,450,000.00 $31,841,600 $66,456,000 $18,215,000 $39,230,000 $39,762,000
Low SP $2,350,000.00 $1,020,000* $918,000* $1,200,000 $1,100,000 $1,200,000
High SP $3,650,000.00 $4,596,600 $5,000,000 $3,300,000 $4,995,000 $4,800,000
Median SP $2,700,000.00 $2,387,500 $2,300,000 $1,700,000 $2,147,500 $2,525,000
Average SP $2,816,667.00 $2,653,467 $2,461,333 $2,023,889 $2,451,875 $2,650,000
Average SP/Sq. Ft $1,832.00 $1,739 $1,595 $1,248 $1,560 $1,655
Average DOM 57 97 125 129 213 202
Average SP/LP 98.00% 96% 97% 92% 95% 94%

 

Kaanapali Plantation

Kaanapali Plantation condos for sale

Kaanapali Plantation Q2 2023 2022 2021 2020 2019 2018
Sales 1 9 11 4 3 5
Volume $1,375,000.00 $11,244,000 $8,570,250 $3,190,000 $2,039,000 $3,455,000
Low SP $1,375,000.00 $860,000 $448,000 $755,000 $629,000 $625,000
High SP $1,375,000.00 $1,500,000 $1,200,000 $870,000 $780,000 $765,000
Median SP $1,375,000.00 $1,325,000 $731,250 $782,500 $630,000 $675,000
Average SP $1,375,000.00 $1,249,333 $779,114 $797,500 $679,667 $691,000
Average SP/Sq. Ft $1,194.00 $979 $595 $558 $544 $573
Average DOM 77 60 129 127 $282 66
Average SP/LP 92% 97% 98% 95% 97% 99%

 

Kaanapali Royal

Kaanapali Royal condos for sale

Kaanapali Royal Q2 2023 2022 2021 2020 2019 2018
Sales 1 2 3 6 9 7
Volume $1,750,000 $2,455,000 $2,792,000 $4,372,500 $6,997,750 $5,462,200
Low SP $1,750,000 $1,160,000 $820,000 $350,000* $705,000 $710,000
High SP $1,750,000 $1,295,000 $1,100,000 $850,000 $864,750 $875,000
Median SP $1,750,000 $1,227,500 $872,000 $795,000 $765,000 $785,000
Average SP $1,750,000 $1,227,500 $930,667 $728,750 $777,528 $780,314
Average SP/Sq. Ft $1,010 $805 $571 $478 $504 $511
Average DOM 70 35 99 99 101 122
Average SP/LP 89% 108% 103% 97% 97% 99%
* Leasehold sales in 2017 and 2020          

 

Kaanapali Shores

Kaanapali Shores condos for sale

 

Kaanapali Shores Q2 2023 2022 2021 2020 2019 2018 2017
Sales 9 29 33 15 15 33 24
Volume $10,049,900 $26,657,500 $25,358,000 $9,727,381 $9,938,167 $18,452,900 $13,891,140
Low SP $650,000* $325,000* $318,000* $320,000* $365,000 $159,000* $200,000*
High SP $2,500,000 $2,360,000 $2,125,000 $950,000 $997,000 $1,780,000 $1,554,840
Median SP $950,000 $810,000 $700,000 $645,000 $557,500 $553,000 $520,000
Average SP $1,116,656 $919,224 $768,424 $635,159 $621,135 $559,179 $578,798
Average SP/Sq. Ft $1,252 $1,098 $931 $781 $830 $702 $708
Average DOM 126 91 145 142 117 165 167
Average SP/LP 97% 98% 98% 95% 97% 96% 96%
*There were leasehold sales every year.  Low is marked with the asterisk        

 

The Mahana at Kaanapali

The Mahana at Kaanapali condos for sale

Mahana Q2 2023 2022 2021 2020 2019 2018
Sales 6 21 12 5 9 11
Volume $9,357,500.00 $26,241,500 $14,372,400 $4,858,000 $8,302,000 $8,782,000
Low SP $1,175,000.00 $772,500 $725,000 $640,000 $625,000 $550,000
High SP $3,005,000.00 $2,300,000 $1,725,000 $1,650,000 $1,850,000 $990,000
Median SP $1,248,750.00 $1,160,000 $1,197,500 $880,000 $825,000 $825,000
Average SP $1,559,583.00 $1,249,595 $1,197,708 $971,600 $922,444 $798,364
Average SP/Sq. Ft $1,682.00 $1,591 $1,330 $1,314 $1,174 $1,135
Average DOM 130 78 253 161 140 77
Average SP/LP 98% 97% 97% 96% 98% 97%

 

Maui Eldorado

Maui Eldorado condos for sale

Maui Eldorado Q2 2023 2022 2021 2020 2019 2018
Sales 2 10 12 10 12 9
Volume $1,850,000.00 $7,011,000 $6,803,500 $4,302,500 $4,766,000 $3,044,012
Low SP $600,000.00 $415,000 $345,000 $240,000 $240,000 $210,000
High SP $1,250,000.00 $1,137,500 $965,000 $835,000 $835,000 $610,000
Median SP $925,000.00 $616,250 $460,750 $403,750 $332,500 $327,901
Average SP $925,000.00 $701,100 $566,958 $430,250 $397,167 $316,111
Average SP/Sq. Ft $746.53 $657 $559 $458 $458 $287
Average DOM 59.5 64 131 79 79 251
Average SP/LP 97.00% 101% 98% 96% 96% 91%

 

Maui Kaanapali Villas

Maui Kaanapali Villas condos for sale

 

Maui Kaanapali Villas Q2 2023 2022 2021 2020 2019 2018
Sales 0 6 15 10 5 12
Volume 0 $4,615,000 $9,598,900 $5,884,400 $3,695,000 $6,382,500
Low SP NA $400,000 $345,000 $432,500 $430,000 $285,000
High SP NA $1,100,000 $915,000 $799,000 $1,050,000 $1,797,000
Median SP NA $767,500 $625,000 $487,450 $760,000 $417,500
Average SP NA $769,167 $639,927 $588,440 $739,000 $531,875
Average SP/Sq. Ft NA $1,154 $985 $889 $932 $747
Average DOM NA 111 64 54 49 278
Average SP/LP NA 99% 98% 98% 100% 97%

 

Maui Kai

Maui Kai condos for sale

The Masters at Kaanapali Hillside

The Masters at Kaanapali Hillside condos for sale

 

Masters Q2 2023 2022 2021 2020 2019 2018
Sales 5 17 31 15 18 16
Volume $8,190,000.00 $25,371,000 $34,802,000 $13,586,500 $15,498,500 $17,310,000
Low SP $1,400,000.00 $900,000 $675,000 $575,000 $550,000 $540,000
High SP $1,990,000.00 $2,175,000 $1,929,000 $1,300,000 $1,400,000 $1,500,000
Median SP $1,500,000.00 $1,565,000 $1,107,000 $945,000 $852,000 $1,127,500
Average SP $1,638,000.00 $1,492,412 $1,122,645 $905,766 $861,028 $1,081,875
Average SP/Sq. Ft $1,074.00 $989 $796 $639 $660 $690
Average DOM 190 62 133 97 225 164
Average SP/LP 92.00% 100% 98% 95% 95% 93%

 

The Vintage at Kaanapali

The Vintage condos for sale

 

Vintage Q2 2023 2022 2021 2020 2019 2018
Sales 1 3 7 4 6 6
Volume $1,800,000 $5,190,000 $9,734,000 $4,573,000 $6,840,999 $6,445,000
Low SP $1,800,000 $1,200,000 $1,100,000 $950,000 $890,999 $801,000
High SP $1,800,000 $1,995,000 $1,620,000 $1,375,000 $1,425,000 $1,400,000
Median SP $1,800,000 $1,995,000 $1,360,000 $1,124,000 $1,125,000 $1,120,000
Average SP $1,800,000 $1,730,000 $1,390,571 $1,143,250 $1,140,167 $1,074,167
Average SP/Sq. Ft $890 $797 $693 $621 $610 $546
Average DOM 191 203 87 148 237 141
Average SP/LP 92% 97% 99% 96% 94% 95%

 

The Whaler at Kaanapali Beach

The Whaler at Kaanapali Beach condos for sale

Whaler Q2 2023 2022 2021* 2020 2019 2018
Sales 2 8 24 7 16 17
Volume $2,485,000 $14,931,500 $29,712,000 $7,480,000 $19,000,000 $19,765,000
Low SP $1,085,000 $1,080,000 $500,000 $795,000 $750,000 $620,000
High SP $1,400,000 $3,970,000 $3,650,000 $1,250,000 $2,750,000 $2,150,000
Median SP $1,242,500 $1,575,000 $945,500 $1,100,000 $945,000 $1,100,000
Average SP $1,242,500 $1,866,438 $1,238,000 $1,068,571 $1,187,500 $1,162,647
Average SP/Sq. Ft $2,292 $1,959 $1,524 $1,266 $1,380 $1,318
Average DOM $36 85 116 150 173 165
Average SP/LP 108% 98% 98% 91% 95% 94%
*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

143 Properties Found. Page 1 of 12

Ka'anapali Royal K101 Enjoys What We Feel Is Th...

NEW Photo of Listing #408246

$1,200,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 7.13 Acres
  • 1,534 ft²

Residential

2560 Kekaa Dr K101, Kaanapali, HI

MLS® #408246

Listed By: Moffett Properties LLC
Office Contact: Cell: 808-870-8888

Ka'anapali Royal K101 Enjoys What We Feel Is The Most Liveable Floor Plan In Ka'anapali, Overlooking The Golf Course With The Ocean In The Distance. This Spacious And Unique Ground Floor 2 Bedroom, 2 Bath Unit Features A Gourmet Kitchen Open To The Generous...

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Welcome To K-215 At The Maui Eldorado Resort, A...

NEW Photo of Listing #408235

$550,000 Active Leasehold

  • 1 Baths
  • 10.2 Acres
  • 570 ft²

Residential

2661 Kekaa Dr K-215, Kaanapali, HI

MLS® #408235

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

Welcome To K-215 At The Maui Eldorado Resort, A Well-positioned Leasehold Studio Offering Ocean Views And Strong Short-term Rental Appeal In The Heart Of Kaanapali. Conveniently Located Above The Resort Front Desk, This Unit Enjoys Easy Access To Resort Ame...

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Experience Breathtaking 180-degree Panoramic Oc...

NEW Photo of Listing #408214

$1,249,000 Active Fee Simple

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

Residential

110 Kaanapali Shores Pl 1207, Kaanapali, HI

MLS® #408214

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

Experience Breathtaking 180-degree Panoramic Ocean Views From This Highly Sought-after Penthouse Residence At The Mahana. Perfectly Positioned Oceanfront On The Golden Shores Of North Kaanapali Beach, This One-bedroom, One-bath Condominium Offers The Ultima...

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Welcome To Maui Kai Resort #703- A Direct Beach...

Photo of Listing #408207

$649,000 Active Fee Simple

  • 1 Baths
  • 1.72 Acres
  • 420 ft²

Residential

106 Kaanapali Shores Pl 703, Kaanapali, HI

MLS® #408207

Listed By: Compass
Office Contact: Cell: 808-281-2178

Welcome To Maui Kai Resort #703- A Direct Beachfront Hotel Zoned Studio Vacation Rental With Unobstructed Outer-island, Year Round Sunset, And Awesome Seasonal Whale Watching Views All Perfectly Framed By Floor To Ceiling Sliding Glass Doors. The Snorkeling...

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Set Within The Lush Grounds Of The Ka'anapali P...

Photo of Listing #408211

$995,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 10 Acres
  • 548 ft²

Residential

150 Puukolii Rd 59, Kaanapali, HI

MLS® #408211

Listed By: Berkshire Hathaway Maui Prop-L

Set Within The Lush Grounds Of The Ka'anapali Plantation Community, This Inviting One-bedroom, Two-bath Residence Offers A Refined Blend Of Comfort, Privacy, And Island Ambiance. Positioned As A Corner Unit, The Home Enjoys A Quieter Setting With Fewer Shar...

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Prime Location With Exceptional Ocean Views! Th...

Photo of Listing #408212

$3,175,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,320 ft²

Residential

130 Kai Malina Pkwy Sr 741, Kaanapali, HI

MLS® #408212

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-280-8986

Prime Location With Exceptional Ocean Views! This Well Appointed 2 Bedroom, 2 Bathroom Condo Is Located At Honua Kai In The Hoku Lani Tower. Situated On The Inner Courtyard, The View Includes The Kalohi Channel And Northern Points Of Lana'i. The Condominium...

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Hotel Zoned. Ka'anapali Shores #322 Is One Of T...

Photo of Listing #408168

$589,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 10.1 Acres
  • 806 ft²

Residential

3445 Lower Honoapiilani Rd 322, Kaanapali, HI

MLS® #408168

Listed By: eXp Realty
Office Contact: Cell: 808-269-8633

Hotel Zoned. Ka'anapali Shores #322 Is One Of The Largest 1br Units Featuring The "c" Floor Plan Within This Aston Luxury Resort. This Unit Has A Spacious Great Room With A Full-size Kitchen That Features Granite Counter Tops And Custom Cabinets. The Lanai ...

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Condo C-103 Is A Spacious Ground-floor 1 Bedroo...

Photo of Listing #408169

$575,000 Active Leasehold

  • 1 Beds
  • 1 Baths
  • 10.2 Acres
  • 960 ft²

Residential

2661 Kekaa Dr C-103, Kaanapali, HI

MLS® #408169

Listed By: Compass
Office Contact: Cell: 808-757-8053

Condo C-103 Is A Spacious Ground-floor 1 Bedroom, 1 Bath Residence Located At The Maui Eldorado Resort In Kaanapali. Enjoy True Convenience With No Stairs—simply Walk Right Into This Beautifully Maintained Condo Situated Directly Across From The Small Pool ...

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Outstanding Opportunity To Buy Into One Of Maui...

Photo of Listing #408173

$549,000 Active Leasehold

  • 1 Beds
  • 1 Baths
  • 10.2 Acres
  • 960 ft²

Residential

2661 Kekaa Dr E102, Kaanapali, HI

MLS® #408173

Listed By: ENRG Realty

Outstanding Opportunity To Buy Into One Of Maui's Most Prestigious Resorts At A Very Attractive Price. E102 Is The Lowest Priced 1 Bedroom Unit In The Maui Eldorado Development At The Time Of Listing. This Unit Is Immaculate And Must Really Be Seen To Be A...

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This Beautifully Remodeled Studio At The Whaler...

Photo of Listing #408199

$1,050,000 Active Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 542 ft²

Residential

2481 Kaanapali Pkwy 316, Kaanapali, HI

MLS® #408199

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

This Beautifully Remodeled Studio At The Whaler Offers An Exceptional Living Experience, Seamlessly Blending Modern Sophistication With The Tranquility Of Nature. Unit 316’s Design Is An Artful Fusion Of Contemporary Elements, Featuring Vibrant Monstera Lea...

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Experience Expansive Ocean And Breathtaking Mou...

Photo of Listing #408148

$2,799,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 6.67 Acres
  • 1,444 ft²

Residential

2481 Kaanapali Pkwy 821/823, Kaanapali, HI

MLS® #408148

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-446-4551

Experience Expansive Ocean And Breathtaking Mountain Views From This Pristine Residence At The Hotel Zoned Whaler On Ka'anapali Beach! Located On The 8th Floor Facing The Inner Courtyard, This Spectacular Luxury Condominium Features A Spacious Floor Plan Wi...

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Kaanapali Shores 304 - If You Are Looking For A...

Photo of Listing #408139

$1,160,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 988 ft²

Residential

3445 Lower Honoapiilani Rd 304, Kaanapali, HI

MLS® #408139

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

Kaanapali Shores 304 - If You Are Looking For A Luxurious Oceanfront Condo At A Price Point From Four Years Ago, You’ve Found It! From Your Private Lanai, You Will Enjoy Watching And Hearing The Waves Break. If You Love The Idea Of Being Lulled To Sleep By ...

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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 7/28/23.  The MLS data charts were changed from a rolling 12 months to a rolling 6 months of data.

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

 

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