Posted by Courtney M. Brown on Monday, January 23rd, 2023 at 2:20pm.
Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums. The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline. The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.
In 2022, there were just two sales at Coconut Grove. The low sale was significantly higher than in 2021. The reason for this is that all sales in 2022 were oceanfront, while in 2021 there was a second-row sale. Note: in 2021 and 2022 combined there were 8 sales, which represents 22% of the inventory to change to new ownership.
Metrics: 2022 vs. 2021
Number of Sales -67%
Sales Volume -62%
Low Sales Price +43%
High Sales Price -9%
Average Sales Price +14%
Average Sales Price/Sq. Ft. +19%
Average DOM -57%
Average Sales Price/List Price -4%
View Coconut Grove Kapalua units for sale
*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests. Those listings and sales are not accounted for in these figures. Since 2020 about 30% of the residences at the Ironwoods changed hands.
In 2022, the average sales price was buoyed by a record sale of a renovated oceanfront residence. The number of sales matched those in 2020.
Metrics: 2022 vs. 2021
Number of Sales -20%
Sales Volume -2%
Low Sales Price +53%
High Sales Price +51%
Average Sales Price +23%
Average Sales Price/Sq. Ft. +6%
Average DOM -53%
Average Sales Price/List Price +3%
View Kapalua Ironwoods for Sale
In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa. This also served to increase the average sales price. That said, the number of sales was much closer to 2020 figures.
Metrics: 2022 vs. 2021
Number of Sales -67%
Sales Volume -57%
Low Sales Price +72%
High Sales Price +10%
Average Sales Price +30%
Average Sales Price/Sq. Ft. +36%
Average DOM -71%
Average Sales Price/List Price +4%
View Kapalua Bay Villas for Sale
In 2022, the Golf Villas experienced about half of the sales of 2021, but like other properties, the sale of a renovated two-bedroom in 21 building set a record high, thereby increasing the average sales price and price per square foot dramatically.
Metrics: 2022 vs. 2021
Number of Sales -52%
Sales Volume -34%
Low Sales Price +57%
High Sales Price +39%
Average Sales Price +39%
Average Sales Price/Sq. Ft. +41%
Average DOM -34%
Average Sales Price/List Price +1%
View Kapalua Golf Villas for Sale
In 2022, similar to other properties, the available inventory at the Ridge Villas was quite limited. The sale of a two bedroom villa set a record high of $1,900,000.
Metrics: 2022 vs. 2021
Number of Sales -61%
Sales Volume -50%
Low Sales Price +61%
High Sales Price +12%
Average Sales Price +26%
Average Sales Price/Sq. Ft. +45%
Average DOM -61%
Average Sales Price/List Price +3%
View Kapalua Ridge Villas for sale
While the record high sale was in 2021, the average sales price did increase at Montage as did the average sales price/sq. ft. It is noteworthy that the high sale in 2021 was a four bedroom residence. With only eight ever built, these seldom come up, but when they do sell, they command a high price that does impact the average sales price and price per sq. ft. as they are directly oceanfront residences that often command a higher price. The number of sales was similar to 2020, but the volume was significantly higher.
Metrics: 2022 vs. 2021
Number of Sales -63%
Sales Volume -61%
Low Sales Price +11%
High Sales Price -40%
Average Sales Price +4%
Average Sales Price/Sq. Ft. +16%
Average DOM 0%
Average Sales Price/List Price -1%
View Montage Residences Kapalua Bay for Sale
The Ritz-Carlton Kapalua also saw an increase in the average sales price/sq. ft. with an increase in the sales price to list price ratio as well.
Metrics: 2022 vs. 2021
Number of Sales -20%
Sales Volume -23%
Low Sales Price +5%
High Sales Price +0%
Average Sales Price -4%
Average Sales Price/Sq. Ft. +8%
Average DOM -64%
Average Sales Price/List Price +5%
View Ritz-Carlton Residences Kapalua for Sale
Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill & Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place. There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.
View Mahana Estates Homes
Active listings:
9 Bay Drive is an oceanfront 7B/10B home on 9.63 acres listed at $41,900,000
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.
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,
Residential
715 Laulama Pl, Kapalua, HI
MLS® #408322
Listed By: Compass
Office Contact: Cell: 808-276-6881
Nestled On Over Two Acres In The Coveted Mahana Estates At Kapalua, This 2022 Custom-built Modern Masterpiece Redefines Island Luxury. Its Sleek, Dark Exterior And Expansive Glass Walls Harmonize Effortlessly With Maui’s Lush Landscapes And Breathtaking Oce...
Land
221 Plantation Club Dr, Kapalua, HI
MLS® #408330
Listed By: Compass
Office Contact: Cell: 808-276-6881
Nestled Within The Prestigious Plantation Estates, This Exceptional 2.3 Acre Lot Offers The Ultimate Blend Of Privacy And Possibility. Imagine Designing Your Dream Home On This Blank Canvas, Perfectly Positioned Along The Renowned Plantation Club Drive. Her...
Residential
100 Ridge Rd 2022, Kapalua, HI
MLS® #408317
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000
Experience Unbelievable Ocean Views From One Of The Most Desirable Locations Within Kapalua Ridge Villas, In Building 20. Nestled In The World-renowned Kapalua Resort, This Low-density Development Offers A Serene, Park-like Setting Surrounded By Lush Hawaii...
Residential
100 Ridge Rd 2023-24, Kapalua, HI
MLS® #408318
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000
A Rare Opportunity At Kapalua Ridge Villas: This Spacious 3bd/3ba Residence Sits On The Top Floor Of Building 20, Capturing Some Of The Most Spectacular Ocean Views In The Entire Community. Set Within The World-renowned Kapalua Resort, Kapalua Ridge Villas ...
Residential
1008 Sunset Pl, Kapalua, HI
MLS® #408268
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Set Against The Dramatic Backdrop Of The Pacific, 1008 Sunset Place Offers A Rare Opportunity To Own A Refined Island Residence In The Heart Of Kapalua. Perfectly Positioned To Capture Glowing Sunsets, Gentle Trade Winds, And Sweeping Ocean Views, This Kapa...
Residential
500 Kapalua Dr 15v2, Kapalua, HI
MLS® #408217
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Stunning, Fully Modernized 3-bedroom Villa In The Highly Sought-after Kapalua Golf Villas Is Located On The 4th Fairway Of The Kapalua Bay Course. This Impeccably Remodeled Residence With All New High-end Windows, Doors And A/c, Showcases A Sleek, Contempor...
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