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

161 Properties Found. Page 7 of 14

Fabulous Vacation Rental At Honua Kai Hoku Lani...

REDUCED 2% Photo of Listing #408024

$875,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 39.84 Acres
  • 620 ft²

Residential

130 Kai Malina Pkwy Sr 232, Kaanapali, HI

MLS® #408024

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-385-2918

Fabulous Vacation Rental At Honua Kai Hoku Lani Tower. Priced To Sell, This Well Maintained Hotel Zoned Vacation Rental Is Very Busy. This Spacious One Bedroom, One Bath Has And Open Floorplan Great For Entertaining. The Kitchen Island Opens To The Living R...

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Masters 903 Isn’t Just A Ground Floor Jewel, It...

Photo of Listing #407945

$1,445,000 Active Fee Simple

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

Residential

50 Puu Anoano St 903, Kaanapali, HI

MLS® #407945

Listed By: Maui Luxury Real Estate LLC

Masters 903 Isn’t Just A Ground Floor Jewel, It’s A Front Row Legacy. From This Premium, Walk-right-out Location, Your Lanai Feels Like The Edge Of The Island, With Mesmerizing Pacific Ocean And Outer Islands Views Filling The Horizon. Step Into A True “wow...

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Motivated Seller Has Just Reduced The List Pric...

REDUCED 5% Photo of Listing #407952

$1,695,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,439 ft²

Residential

50 Nohea Kai Dr 212, Kaanapali, HI

MLS® #407952

Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234

Motivated Seller Has Just Reduced The List Price To $1,695,000, Making This Home The Best Valued Property At The Alii. Experience The Pure Elegance Of This Completely Renovated Home. Situated On The Highly Desired Ground Floor, This Home Is Located At The...

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Discover A Rare Corner Oceanfront Residence Whe...

REDUCED 5% Photo of Listing #407936

$949,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 1.72 Acres
  • 587 ft²

Residential

106 Kaanapali Shores Pl 908, Kaanapali, HI

MLS® #407936

Listed By: Epic Realty LLC

Discover A Rare Corner Oceanfront Residence Where Refined Design Meets Breathtaking Natural Beauty. From Its Privileged Position Above North Kaanapali Beach, Maui Kai 908 Offers Sweeping Views Of Molokai, Lanai, And Unforgettable Sunsets—framed By Floor-to-...

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Discover The Perfect Blend Of Comfort, Space, A...

REDUCED 7% Photo of Listing #407920

$995,000 Active Fee Simple

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

Residential

2560 Kekaa Dr K201, Kaanapali, HI

MLS® #407920

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

Discover The Perfect Blend Of Comfort, Space, And Sweeping Island Scenery At Kaanapali Royal K201. This Beautifully Positioned Residence Captures Ocean Views, As Well As Inner Courtyard, Pool, And Kaanapali Royal Golf Course. K201 Offers One Of The Most Des...

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Kaanapali Shores #337 – A Beautifully Updated P...

REDUCED 4% Photo of Listing #407905

$865,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 964 ft²

Residential

3445 Lower Honoapiilani Rd 337, Kaanapali, HI

MLS® #407905

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

Kaanapali Shores #337 – A Beautifully Updated Partial Ocean View 2-bedroom, 2-bath Condo Overlooking Lush Tropical Gardens And The Serene River Pond. This Well-appointed Unit Features Granite Countertops, Custom Cabinetry, And A Smart Floor Plan With The Pr...

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Welcome To Unit 333 At The Exquisite Honua Kai ...

Photo of Listing #407872

$1,425,000 Active Fee Simple

  • 1 Baths
  • 39.84 Acres
  • 583 ft²

Residential

130 Kai Malina Pkwy 333, Kaanapali, HI

MLS® #407872

Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-344-0180

Welcome To Unit 333 At The Exquisite Honua Kai Resort. This Luxurious Condominium Boasts A Brand New Bosch Refrigerator, Brand New Bosch Washer And Dryer As Well As A Brand-new Luxury Bed, Granite Countertops, Expansive Nano Glass Walls, And Brand New Lanai...

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Welcome To Whaler 456—a Tastefully Upgraded One...

Photo of Listing #407888

$2,695,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 6.67 Acres
  • 901 ft²

Residential

2481 Kaanapali Pkwy 456, Kaanapali, HI

MLS® #407888

Listed By: Berkshire Hathaway Maui Prop-L

Welcome To Whaler 456—a Tastefully Upgraded One-bedroom Residence Perfectly Positioned On The World-renowned Ka'anapali Beach. Located In The Highly Sought-after South Tower, This Unit Is One Of Only A Select Few Stacks In The Entire Development That Offers...

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Discover Exceptional Value In This Beautifully ...

REDUCED 11% Photo of Listing #407798

$1,495,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,080 ft²

Residential

130 Kai Malina Pkwy Sr734, Kaanapali, HI

MLS® #407798

Listed By: Island Sotheby's International Realty(M)
Office Contact: Cell: 808-283-0049

Discover Exceptional Value In This Beautifully Maintained 2br/2ba Condo—the Best-priced Two-bedroom At The Time Of Listing—located In One Of Kaanapali’s Most Coveted Beachfront Communities, Honua Kai Resort. Perched On The 7th Floor, The Residence Showcases...

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Welcome To Kaanapali Shores 621, Where The Beau...

REDUCED 4% Photo of Listing #407749

$719,900 Active Fee Simple

  • 1 Baths
  • 10.1 Acres
  • 507 ft²

Residential

3445 Lower Honoapiilani Rd 621, Kaanapali, HI

MLS® #407749

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

Welcome To Kaanapali Shores 621, Where The Beauty Of Maui Meets The Comfort Of Home. This Spacious, Wonderfully Appointed Condo Overlooks The Lush Tropical Greenery Of The Resort And Offers A Beautiful Ocean View From Your Private Lanai Where You Can Sip A ...

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Enjoy Living At The Masters At Kaanapali, Only ...

Photo of Listing #407731

$1,350,000 Active Fee Simple

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

Residential

50 Puu Anoano St 1704, Kaanapali, HI

MLS® #407731

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000

Enjoy Living At The Masters At Kaanapali, Only A Stroll Away From Prestigious Ka'anapali Beach. This Gated Development Offers A Park Like Setting, With Beautiful, Lush Landscaping And With 2 Recreation Centers, With Pools, Cabanas, Barbeques, Tennis Courts ...

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Per The Seller: Illness Forces Immediate Sale. ...

REDUCED 13% Photo of Listing #407745

$1,700,000 Pending Fee Simple

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

Residential

110 Kaanapali Shores Pl 311, Kaanapali, HI

MLS® #407745

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

Per The Seller: Illness Forces Immediate Sale. As You Step Into Mahana #311, A Kaanapali Maui Hotel Zoned Vacation Rental, You’ll Be Greeted By An Elegant, Warm Living Space That Maximizes Breathtaking Ocean Views. Seller Will Strongly Consider Seller Finan...

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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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