At the time of this post, there are just three active listings and three pending sales:
The active listings include a home on a double lot in Pineapple Hill that was originally built by musician Carlos Santana, a home in the Plantation Estates Phase I located overlooking the Plantation Course, and 9 Bay Drive, which is situated on an oceanfront peninsula overlooking Namalu Bay and neighbors the Montage Residences at Kapalua Bay. This is unusual for Kapalua and skews the averages considerably, so it's important to look at each area individually (see below),
All three pending homes are in Pineapple Hill and Pineapple Hill Estates.
Status
Address
List Price
Bds
Bths
Sq. Ft.
Land Acres
Days On Market
$/SQFT
Built
MLS #
Subdivision
ACT
314 Cook Pine Dr
$7,900,000
5
5.5
7,229
0.50
306
$1,093
2000
392686
Pineapple Hill
ACT
301 Plantation Estates Dr
$12,300,000
4
4.5
7,127
2.06
156
$1,726
2005
394362
Plantation Estates
ACT
9 Bay Dr
$59,500,000
6
7
6,645
9.96
186
$8,954
1996
394048
Kapalua
PNDS
612 Silversword Dr
$3,100,000
3
3.5
3,136
0.22
18
$989
2001
395987
Pineapple Hill
PNDS
233 Crestview Rd
$5,150,000
4
4
4,390
0.46
23
$1,173
2009
395932
Pineapple Hill Estates
PNDS
1216 Summer Rd
$8,450,000
6
6.5
7,784
0.62
107
$1,086
1990
394986
Pineapple Hill
Kapalua Resort Home Sales YTD 2022 vs. Prior Years
SOLD
YTD
2021
2020
2019
2018
2017
2016
Number of Sales
7
29
17
19
8
8
14
Volume
$33,950,000
$144,197,500
$90,787,000
$47,954,020
$30,943,300
$20,920,000
$50,940,000
Low Sales Price
$2,750,000
$2,062,500
$1,600,000
$1,489,020
$1,970,000
$1,750,000
$2,050,000
High Sales Price
$7,500,000
$15,000,000
$24,000,000
$6,000,000
$12,000,000
$3,550,000
$9,500,000
Average SP
$4,850,000
$4,972,328
$5,340,412
$2,664,112
$3,867,913
$2,615,000
$3,638,571
Average SP/Sq. ft.
$1,153
$982
$1,063
$715
$755
$663
$830
Average DOM
265
227
151
270
355
184
217
Average SP/LP
95%
94%
91%
92%
89%
93%
90%
In 2022, we are seeing a trend toward longer days on market and a higher sales price/sq. ft. That said when looking at the sales statistics, it's important to note some differences:
Status
Address
List Price
Sold Price
SP/LP
Closing Date
Bds
Bths
Sq. Ft.
Land Acres
DOM
SP/Sq. Ft.
Built
MLS #
Subdivision
SLD
212 Plantation Club Dr
$5,750,000
$5,425,000
94%
1/7/22
4
4.5
4,790
2.02
499
$940
1999
388335
Plantation Estates
SLD
324 Cook Pine Dr
$2,999,000
$2,750,000
92%
1/31/22
3
3.5
3,670
0.25
143
$749
1990
392959
Pineapple Hill
SLD
320 Cook Pine Dr
$3,995,000
$3,850,000
96%
3/3/22
3
3.5
4,135
0.22
38
$931
1999
394464
Pineapple Hill
SLD
300 Mahana Ridge St
$4,750,000
$4,750,000
100%
3/3/22
4
4.5
2,968
1.29
206
$1,600
2021
392591
Mahana Estates
SLD
218 Plantation Club Dr
$8,250,000
$7,500,000
91%
4/8/22
5
5.5
7,267
2.19
595
$1,032
1992
388247
Plantation Estates
SLD
310 Mahana Ridge St
$4,850,000
$4,850,000
100%
4/14/22
4
4.5
2,968
1.51
241
$1,634
2021
392657
Mahana Estates
SLD
236 Crestview Rd
$5,395,000
$4,825,000
89%
6/17/22
4
4.5
4,077
0.45
136
$1,183
2003
394626
Pineapple Hill Estates
A newly constructed home at Mahana Estates sold at 100% of asking, whereas older homes in Pineapple Hill and Plantation Estates, where some updates may be needed or desired, sold at 89-92% of asking.
Note these figures do not include homes or land that aren't part of the Kapalua Resort Association
There are no active home or pending listings in Mahana Estates at the time of this post. Mahana Estates is a relatively new development, and construction is just beginning.
There is just one remaining oceanfront lot in Kapalua, which sold in 2020 for $8,000,000 and $108/sq. ft. It will likely soon be developed.
Prepared on 6.19.2022. Sales Data 1.1.2022 through 6.17.2022
If you are thinking of buying or selling in Kapalua, please contact Courtney M. Brown for more detailed information on the market at each of these Kapalua communities,
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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. Interested parties are advised to do their own due diligence and confirm all figures contained herein.
Courtney M. Brown, R(S) & Team Vice President Island Sotheby's International Realty