Posted by Courtney M. Brown on Thursday, April 20th, 2023 at 2:44pm.
The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua
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 the first quarter of 2023 there were no sales at Coconut Grove.
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 the first quarter of 2023, there were no sales at the Kapalua Ironwoods.
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 the first quarter of 2023, there was just one Bay Villa to sell. A one bedroom, ocean view condominium in building 17.
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 the first quarter of 2023, there were two Golf Villa sales, a one bedroom in building 21 and a 2 bedroom in building 25.
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 2023, there were two villas to sell, both two bedrooms, in buildings 12 and 29.
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
In the first quarter of 2023, there was just one Residence to sell at the Montage, a three bedroom residence located on the ground floor in building 2.
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
There have been no condo sales in the first quarter of 2023 at the Ritz-Carlton Residences in Kapalua.
In 2022, 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.
In the first quarter of 2023, there were only two home sales: a home in Pineapple Hill that sold at $4,150,000 and a home in Pineapple Hill Estates that sold for $5,775,000.
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.
In the first quarter of 2023, there are no lot sales to report in the Kapalua Resort.
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,
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....
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...
Residential
62 Ironwood Ln 62, Kapalua, HI
MLS® #408042
Listed By: Real Broker
Office Contact: Cell: 808-269-8033
Beautifully Remodeled In 2022, This Single-level Ocean-view Residence At The Ironwoods Captures The Effortless Luxury And Serenity Of Kapalua Living. Custom Sliding Pocket Doors Open To An Expansive Lanai With Sweeping Views Of Honolua Bay And The Lush Fair...
Residential
223 Plantation Club Dr 14, Kapalua, HI
MLS® #408037
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677
Being Well. For Those That Crave A Holistic Environment That Nourishes The Mind, Body, And Soul, In A Tropical, Private Hawaiian Environment, The Estate At 223 Plantation Club Drive Is The Home For You. Extremely Private & Serene, This Extraordinary 2.18...
Residential
500 Kapalua Dr 14p3-4, Kapalua, HI
MLS® #408015
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-457-0604
Endless Possibilities Await In This Beautifully Positioned Ground-floor Villa In One Of Kapalua's Most Sought-after Communities. This Inviting Unit Features Stylish Decor, Quality Furnishings, And Stunning Views Of The Golf Course Right From Your Private Do...
Residential
112 Pulelehua St, Kapalua, HI
MLS® #407964
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1163
Welcome To 112 Pulelehua Street, An Exceptional Single-level Residence In The Gated Pineapple Hill Ii Community Of Kapalua Resort. Positioned On A Half-acre On The Kapalua Bay Course Overlooking The Pacific Ocean, This Redesigned 3-bedroom, 2.5-bathroom Hom...
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