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
100 Ridge Rd 1614, Kapalua, HI
MLS® #407924
Listed By: Ridge Realty Rentals LLC
Kapalua Ridge Villa 1614. 1b/2b Ocean-view Gold-level Remodel Offered Turn-key, Furnished. Trade Winter Misery For Permanent Summer–starting Today. No More Parkas, Scrapers, Shoveling At 5 A.m., Or White-knuckle Commutes On Black Ice. Here, Your Biggest Mor...
Residential
500 Kapalua Dr 25t3, Kapalua, HI
MLS® #407912
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-446-5841
Your Dream Home Awaits You In The Majestic Kapalua Resort Area At Kapalua Golf Villas. Unit 25t3 Is A Rare 3 Bedroom Unit At The Golf Villas. The Peaceful Setting And Spacious Floor Plan Is A Perfect Gathering Place For Your Friends And Family. Imagine Waki...
Residential
22 Ironwood Ln 22, Kapalua, HI
MLS® #407889
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677
Simply Bring Your Toothbrush & Embrace The Finest In Tropical Luxury Island Living In Kapalua, West Maui. Offering Two Bedrooms, 2 Bathrooms, And A Flex Room/den, This Spacious Beachfront Property At Ironwoods 22 Provides Breathtaking Ocean Views Throughout...
Residential
100 Ridge Rd 2915, Kapalua, HI
MLS® #407900
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
Spectacular 240-degree Ocean Views From The Minute You Enter This Unit. Kapalua Ridge Villa 2915 Has A Full View Of The Island Of Molokai, All The Way To The Waves Of Honolua Bay And Lipoa Point, As Well As The Verdant Hills Of Plantation Estates. It Is Ver...
Residential
500 Kapalua Dr 16p5-6, Kapalua, HI
MLS® #407846
Listed By: eXp Realty
Office Contact: Cell: 808-222-0478
Welcome To Kapalua Golf Villas, Where This Updated 2 Bedroom, 2 Bath Condo Combines Comfort, Quality, And Island Living At Its Best. Set Along The Kapalua Bay Course, The Villa Offers Peaceful Golf Course Views And A Flexible Floor Plan That Allows For Sepa...
Residential
100 Ridge Rd 2323-24, Kapalua, HI
MLS® #407836
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
This Beautifully Remodeled Villa Is Perched On The Top Floor Of The Kapalua Ridge Villas Overlooking The Kapalua Bay Course. This Exquisite Property Offers Breathtaking Views, Seamlessly Blending Casual Island Elegance With The Natural Beauty Of The Kapalua...
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