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 5 of 12

This Lovely Ground Floor Level, 1 Bedroom, 1 Ba...

Photo of Listing #407644

$915,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 37.9 Acres
  • 901 ft²

Residential

50 Puu Anoano St 3903, Kaanapali, HI

MLS® #407644

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-276-6061

This Lovely Ground Floor Level, 1 Bedroom, 1 Bath Unit Features Spectacular Ocean Views, Location, And A Wonderful Opportunity For The Buyers Who May Have Pets. The Sellers Have Renovated The Shower As Well As Tiling The Lanais, And Made Good Use Of The Spa...

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Discover The Ultimate Maui Retreat At Kaanapali...

Photo of Listing #407616

$625,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,078 ft²

Residential

3445 Lower Honoapiilani Rd 259, Kaanapali, HI

MLS® #407616

Listed By: Maui Westside Properties

Discover The Ultimate Maui Retreat At Kaanapali Shores 259, A Beautifully Renovated 2 Bedroom, 2 Bath Oceanfront Condo Offering Some Of The Best Views In The Resort. This Hotel-zoned Property Allows For Short-term Rentals, Offering Both Flexibility And Valu...

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Welcome To Unit 423, A Seamless Blend Of Contem...

Photo of Listing #407607

$1,350,000 Active Fee Simple

  • 1 Baths
  • 39.84 Acres
  • 583 ft²

Residential

130 Kai Malina Pkwy 423, Kaanapali, HI

MLS® #407607

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-357-6980

Welcome To Unit 423, A Seamless Blend Of Contemporary Elegance And Island Serenity. Situated In The Sought-after Hokulani Tower, This Fully Furnished Unit Is Designed For Effortless Living. Thoughtfully Upgraded With Premium Bosch Appliances, A Brand-new Ge...

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Boasting A Spectacular Location On Maui’s Weste...

REDUCED 2% Photo of Listing #407596

$970,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,004 ft²

Residential

3445 Lower Honoapiilani Rd 516, Kaanapali, HI

MLS® #407596

Listed By: LT Hawaiian Properties LLC
Office Contact: Cell: 619-316-8558

Boasting A Spectacular Location On Maui’s Western Coast, This 2-bedroom/2 Bathroom Condo Provides A Dreamy Setting For A Family Or Group Vacation. Within Walking Distance To Restaurants, Grocery Stores, Shops And The Food Truck Scene This Rarely Available 2...

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Beautiful Remodeled Single Level 2-bedroom 2-ba...

REDUCED 4% Photo of Listing #407553

$1,345,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,512 ft²

Residential

50 Puu Anoano St 1803, Kaanapali, HI

MLS® #407553

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-283-5166

Beautiful Remodeled Single Level 2-bedroom 2-bath Unit With No Interior Stairs. This Unit Is One Of The Rare Locations Requiring Only A Few Steps Down From The Parking Lot To The Front Door. Enjoy Stylish Indoor-outdoor Living, Enhanced With 3 Split Air Con...

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A Great Deal Of Care Was Placed In The Upgrades...

Photo of Listing #407533

$935,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 1.72 Acres
  • 647 ft²

Residential

106 Kaanapali Shores Pl 205, Kaanapali, HI

MLS® #407533

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-276-6061

A Great Deal Of Care Was Placed In The Upgrades. The Sellers Have Invested In Many Updates, Including The Kitchen, Bathroom, Beautiful Offset Tile Flooring. The Apartment Is Furnished With Hawaiiana Rattan And Glass. The Moment You Walk Through The Front...

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Captivating Northwest Facing Views Of Kaanapali...

Photo of Listing #407509

$4,200,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,523 ft²

Residential

50 Nohea Kai Dr 3-1103, Kaanapali, HI

MLS® #407509

Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-385-0882

Captivating Northwest Facing Views Of Kaanapali's Sandy Coastline, A Panorama Of A Glistening Pacific Ocean, And Kaanapali's Landmark Blackrock. The Spacious And Beautifully Appointed Living Room, Dining Room, And Both Bedrooms, A Wall Of Ocean Views. This ...

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Welcome To Honua Kai Resort — Hokulani Tower #7...

Photo of Listing #407468

$2,599,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,100 ft²

Residential

130 Kai Malina Pkwy Sr-746, Kaanapali, HI

MLS® #407468

Listed By: KBM Hawaii

Welcome To Honua Kai Resort — Hokulani Tower #746 Experience Island Luxury At Its Finest In This Coveted Top-floor Residence At The Honua Kai Resort’s Hokulani Tower. Spanning 1,100 Sq Ft, This Two-bedroom, Two-bath Retreat Has Been Thoughtfully Updated And...

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Kaanapali Shores 456. Hotel Zoned Property Per ...

Photo of Listing #407421

$2,200,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,364 ft²

Residential

3445 Lower Honoapiilani Rd 456, Kaanapali, HI

MLS® #407421

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525

Kaanapali Shores 456. Hotel Zoned Property Per County Records. Rare Top Floor 2 Bedroom 2 Bathroom With A Loft That Is Being Used As A Full Third Bedroom And A Den Plus Extra Storage Closet. Excellent Ocean Views From The Remodeled Suite. Granite Counter To...

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Kaanapali Shores 457. Hotel Zoned Property Per ...

Photo of Listing #407422

$2,350,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,364 ft²

Residential

3445 Lower Honoapiilani Rd 457, Kaanapali, HI

MLS® #407422

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525

Kaanapali Shores 457. Hotel Zoned Property Per County Records. Rare Top Floor 2 Bedroom 2 Bathroom With A Loft That Is Being Used As A Full Third Bedroom And A Den Plus Extra Storage Closet. Excellent Ocean Views From The Remodeled Suite. Granite Counter To...

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Welcome To Mahana At Kaanapali, An Exclusive Oc...

Photo of Listing #407387

$750,000 Active Fee Simple

  • 1 Baths
  • 5.01 Acres
  • 456 ft²

Residential

110 Kaanapali Shores Pl 612, Kaanapali, HI

MLS® #407387

Listed By: Living Maui Real Estate LLC
Office Contact: Cell: 808-359-1161

Welcome To Mahana At Kaanapali, An Exclusive Oceanfront Resort Nestled In The Heart Of Maui's Stunning Kaanapali Coast. Studio #612, Located On The 6th Floor, Offers Expansive, Panoramic Views Of The Ocean. This Beautifully Designed Unit Features A Fully Eq...

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This Two-bedroom, Two-bath, Corner Upstairs Uni...

Photo of Listing #407331

$1,659,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,544 ft²

Residential

50 Puu Anoano St 2602, Kaanapali, HI

MLS® #407331

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

This Two-bedroom, Two-bath, Corner Upstairs Unit Offers Panoramic, Gorgeous Ocean Views And Sweeping Vistas Of The Islands Of Lana‘i And Moloka‘i. It Overlooks The Ninth Fairway Of The Kaanapali Royal Golf And Its Signature Ninth Hole. With Only Seven Steps...

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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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