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,

53 Properties Found. Page 9 of 9

Located In The Kapalua Resort, Mahana Estates I...

Photo of Listing #398423

$8,600,000 Pending Fee Simple

  • 5 Beds
  • 5 Baths
  • 1.99 Acres
  • 5,113 ft²

Residential

725 Laulama Pl, Unit 44, Kapalua, HI

MLS® #398423

Listed By: Welcome Hawaii Properties
Office Contact: Cell: 808-280-2480

Located In The Kapalua Resort, Mahana Estates Is A Gated Community Sitting Between The Ritz Carlton And The World-famous Pga Plantation Golf Course. Sitting On Nearly 2 Acres (1.99) Of Prime Ocean-view Land, 725 Laulama Place Will Be A Luxury Home With The...

Beautiful, Quiet & Spacious Are A Few Of The Wo...

REDUCED 2% Photo of Listing #398419

$1,650,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 28.35 Acres
  • 872 ft²

Residential

1 Ritz Carlton Dr, Unit 1601, Kapalua, HI

MLS® #398419

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-283-9007

Beautiful, Quiet & Spacious Are A Few Of The Words That Come To Mind For This 'gem Of A Unit' At The Beachfront Ritz-carlton Maui, Kapalua. Gorgeous Ocean & Mountain Views. This Is A Great Place To Unwind And Relax On One Of The Two Spacious Covered Lanais ...

This Golf Villa Location Has Breathtaking Ocean...

REDUCED 1% Photo of Listing #397970

$1,365,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 15.84 Acres
  • 972 ft²

Residential

500 Kapalua Dr, Unit 19t4-5, Kapalua, HI

MLS® #397970

Listed By: Sullivan Properties Inc

This Golf Villa Location Has Breathtaking Ocean Views Out To The Island Of Lanai, Along With Partial Views Of The Kapalua Bay Golf Course. Designed With Central Air-conditioning, Covered Carports And Ample Visitor Parking, The Kapalua Golf Villas Make This ...

Welcome To A Masterpiece Of Modern Hawaiian Arc...

Photo of Listing #397789

$16,000,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 1.04 Acres
  • 4,720 ft²

Residential

210 Naio Pl, Unit Mahana Estate Lot 7, Kapalua, HI

MLS® #397789

Listed By: Island Sotheby's Int'l Rlty(L)
Office Contact: Cell: 808-280-1080

Welcome To A Masterpiece Of Modern Hawaiian Architecture Seamlessly Blending With The Breathtaking Beauty Of Maui's Panoramic Ocean Views. Nestled Within The Exclusive Mahana Estates, A Gated Enclave In The World-renowned Kapalua Resort, This Ultra-luxuriou...

One Of The Last Remaining Excellent Building Lo...

Photo of Listing #397641

$1,800,000 Active Fee Simple

  • 0.23 Acres

Land

308 Cook Pine Dr, Kapalua, HI

MLS® #397641

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-870-7060

One Of The Last Remaining Excellent Building Lots With A Really Great Panoramic Ocean View Including Lana'i Island And Molokai Island. A New Home With Stunning, Modern Features Has Been Designed By A Well Known Local Architect Who Can Customize Many Featur...

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

 

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