Kapalua Resort Market Update: 2022 Year in Review

Posted by Courtney M. Brown on Monday, January 23rd, 2023 at 2:20pm.

KAPALUA MARKET UPDATE: 2022 Year in Review

Kapalua Condominiums

Kapalua Condominiums:  2017-2022

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.

Kapalua Condo Sales

Key Stats by Community

How does the market in 2022 stack up for each community when compared with prior years?

Coconut Grove on Kapalua Bay

Coconut Grove Kapalua Sales

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

Kapalua Ironwoods*

Kapalua Ironwoods Sales 2017-2022*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

Kapalua Bay Villas

Kapalua Bay Villas Sales 2017-2022

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

Kapalua Golf Villas Kapalua Golf Villas Sales 2017-2022

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

Kapalua Ridge Villas

The Ridge at Kapalua Sales 2017-2022

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

Montage Residences Kapalua Bay

Stats Montage Residences Kapalua Bay 2017-2022

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

Ritz-Carlton Kapalua Residences 

2022 Sales Stats Ritz-Carlton Kapalua

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 RESIDENTIAL MARKET UPDATE

Kapalua's Residential Communities

Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill & Pineapple Hill EstatesMahana EstatesHonolua RidgePlantation Estates Phases I and II, and Kapalua PlaceThere are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.

KAPALUA HOME SALES

Kapalua Home Sales 2022 

PINEAPPLE HILL & PINEAPPLE HILL ESTATES

Pineapple Hill & Pineapple Hill Estates Home Sales

View Pineapple Hill & Pineapple Hill Estates Homes

PLANTATION ESTATES AT KAPALUA HOMES

Plantation Estates Kapalua Home Sales

View Plantation Estates Homes for Sale

HONOLUA RIDGE HOMES

Honolua Ridge Home Sales

View Honolua Ridge Homes

MAHANA ESTATES HOMES

Mahana Estates Home Sales View Mahana Estates Homes

KAPALUA PLACE & OCEANFRONT HOMES

Kapalua Oceanfront Home Sales

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.

View Kapalua Place and Kapalua Oceanfront homes

KAPALUA LAND SALES

Kapalua Land Sales 

Pineapple Hill & Pineapple Hill Estates Land

Pineapple Hill and Pineapple Hill Estates Land Sales

Plantation Estates Land

Plantation Estates Land Sales

Mahana Estates Land

Mahana Estates Land Sales

Honolua Ridge Land

Honolua Ridge Land Sales

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,

80 Properties Found. Page 2 of 14

Breathtaking Panoramic Ocean Views Greet You Th...

Photo of Listing #408178

$5,200,000 Active Fee Simple

  • 3 Beds
  • 3 Baths
  • 0.45 Acres
  • 3,354 ft²

Residential

232 Crestview Rd, Kapalua, HI

MLS® #408178

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-446-5841

Breathtaking Panoramic Ocean Views Greet You The Moment You Step Through The Doors Of 232 Crestview Road, Located Within The Highly Sought-after, Gated Community Of Pineapple Hill Estates At Kapalua. This Luxurious Single-level Residence Spans 3,354 Square ...

Located Along The Kapalua Coast, This Oceanfron...

Photo of Listing #408142

$3,199,000 Active Fee Simple

  • 2 Beds
  • 3 Baths
  • 16.45 Acres
  • 1,503 ft²

Residential

500 Bay Dr 23b3, Kapalua, HI

MLS® #408142

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210

Located Along The Kapalua Coast, This Oceanfront Bay Villa Features Breathtaking, Unobstructed Views Of The Pacific Ocean, Molokai, And The Dramatic Coastline. With No Stairs To Access, This Is A Rare Single-level, Two-bedroom Villa--one Of Only Six Located...

Lovely And Impeccably Maintained, This Updated,...

Photo of Listing #408154

$1,150,000 Active Fee Simple

  • 1 Beds
  • Baths
  • 15.84 Acres
  • 987 ft²

Residential

500 Kapalua Dr 26t8, Kapalua, HI

MLS® #408154

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-318-1701

Lovely And Impeccably Maintained, This Updated, Upper-level One-bedroom Golf Villa Offers Privacy, Views, And Effortless Resort Living. As A Desirable Walk-in, End Unit, It Enjoys Added Natural Light And A Peaceful Setting, Just Steps From The Pool & Bbq Ar...

From The Coveted Top Row Of The Kapalua Golf Vi...

Photo of Listing #408122

$1,589,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 15.84 Acres
  • 1,344 ft²

Residential

500 Kapalua Dr 23p7-8, Kapalua, HI

MLS® #408122

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210

From The Coveted Top Row Of The Kapalua Golf Villas, This Beautifully Remodeled Two-bedroom, Two-bath Condominium Enjoys Expansive Ocean Views And A Peaceful, Elevated Setting. Thoughtfully Updated, The Residence Features Elegant Tile Flooring Throughout, C...

Your Legacy Is Calling At 238 Keoawa Street, Lo...

Photo of Listing #408074

$3,000,000 Active Fee Simple

  • 5.29 Acres

Land

238 Keoawa St Lot 21, Kapalua, HI

MLS® #408074

Listed By: Real Broker
Office Contact: Cell: 808-298-2030

Your Legacy Is Calling At 238 Keoawa Street, Lot 21-  Best Panoramic View In All Of Plantation Estates This Premier 5.28-acre Homesite Positioned Near The Top Of Honolua Ridge Phase Ii Is One Of Kapalua’s Most Private, Spacious, And View-oriented Enclaves....

Your Legacy Is Calling Again At 238 Keoawa Stre...

Photo of Listing #408075

$3,000,000 Active Fee Simple

  • 6.26 Acres

Land

242 Keoawa St 22, Kapalua, HI

MLS® #408075

Listed By: Real Broker
Office Contact: Cell: 808-298-2030

Your Legacy Is Calling Again At 238 Keoawa Street, Lot 22-  Best Panoramic View In All Of Plantation Estates Set Within The Upper Reaches Of Honolua Ridge Phase Ii, 238 Keoawa Street, Lot 22 Offers An Expansive 6.25  acre Canvas In One Of Kapalua’s Most Se...

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

 

Leave a Comment