The Kapalua Resort: Market Update
June 1, 2021
Market Overview: Kapalua Resort Condos, Homes and Land
Active Listings: 54
Price Range: $750,000-$9,900,000
Avg LP/Sq. ft.: $779
Avg DOM: 264
Pending Sales: 46
Price Range: $760,000-8,500,000
Avg LP/Sq. Ft.: $786
Avg DOM: 174
| KAPALUA RESORT |
YTD 2021 |
YTD 2020 |
YTD Change |
2020 |
Change |
| Sales |
99 |
17 |
482% |
65 |
52% |
| Volume |
$228,099,750 |
$29,759,100 |
666% |
$173,329,500 |
32% |
| Avg LP |
$2,422,861 |
$1,878,000 |
29% |
$3,065,305 |
-21% |
| Avg SP |
$2,304,038 |
$1,684,471 |
37% |
$2,666,607 |
-14% |
| SP/LP |
96% |
93% |
3% |
93% |
3% |
| Avg SP/Sq. Ft. |
$803 |
$800 |
0% |
$897 |
-10% |
| Avg DOM |
183 |
151 |
21% |
176 |
4% |
Note: Data is through 5.31.2021 and compares the same period of time in 2020. Fractional sales at the Montage Residences, Kapalua Bay are not included in this summary
Similar to the housing markets across the US, the Kapalua Resort market is seeing a remarkable amount of activity in 2021 vs. the same period in 2020. The total number of sales is up 482% and volume 666%. The average sales price is up 37% over the same period in the prior year. It's noteworthy that the average sales price/sq. ft. is level. This would be influenced by more vacant land sales (22 compared with 2 in 2020) added into the mix, with a 15-acre parcel selling in Honolua Ridge at just $2/sq. ft in 2021. It is noteworthy that in 2021, the high SP/sq. ft. year to date is at the Montage Residences, where an oceanfront residence closed at $2101/sq. ft. In 2020, the high was $1842/sq. ft. for an oceanfront residence at the Ironwoods.
With pending sales currently at 46, the resort is on track to see sales volume 123% over that of 2020 at a very minimum.
Market Overview: Kapalua Resort Condominiums
Active Listings: 24
Price Range: $785,000-8,700,000
Avg LP/Sq. ft.: $1403
Avg DOM: 212
Pending Sales: 29
Price Range: $769,000-8,500,000
Avg LP/Sq. Ft.: $1141
Avg DOM: 193
| KAPALUA CONDOS |
YTD 2021 |
YTD 2020 |
YTD Change |
2020 |
Change |
| Sales |
59 |
12 |
392% |
40 |
48% |
| Volume |
$106,792,250 |
$16,166,000 |
561% |
$68,617,500 |
56% |
| Avg LP |
$1,876,784 |
$1,420,917 |
32% |
$1,806,947 |
4% |
| Avg SP |
$1,810,038 |
$1,347,167 |
34% |
$1,715,438 |
6% |
| SP/LP |
96% |
95% |
1% |
94% |
2% |
| Avg SP/Sq. Ft. |
$1,035 |
$937 |
10% |
$1,000 |
4% |
| Avg DOM |
193 |
162 |
19% |
165 |
17% |
Kapalua has seven different condominium communities. There are the Bay Villas, Golf Villas, and Ridge Villas, which are a mix of one and two-bedroom condominium units (sometimes three-bedroom villas will pop up, when a two-bedroom villa has been modified) that can be rented short term. The Ritz-Carlton Residences, Kapalua and Montage Kapalua Bay are luxury residences situated in five-star hotels. The Coconut Grove and Ironwoods are low density, low-rise communities, with private garages. Both the Coconut Grove and Ironwoods have restrictions in place regarding short-term rentals, lending a more residential feel to the properties.
The number of sales is up 392%, and volume is up 561%. Average Sales Price is up 34%. It's noteworthy that the DOM on market is also up, but the market is currently moving very swiftly at the lower end of the market, so this may be reflective of older, higher-priced inventory selling.
View Kapalua Condos for Sale
Market Overview: Kapalua Resort Homes
Active Listings: 7
Price Range: $2,850,000-$9,900,000
Avg LP/Sq. ft.: $1105
Avg DOM: 342
Pending Sales: 4
Price Range: $2,600,000-$4,695,000
Avg LP/Sq. Ft.: $690
Avg DOM: 211
| KAPALUA HOMES |
YTD 2021 |
YTD 2020 |
Change |
2020 |
Change |
| Sales |
18 |
3 |
500% |
17 |
6% |
| Volume |
$95,627,500 |
$10,870,000 |
780% |
$90,787,000 |
5% |
| Avg LP |
$5,654,611 |
$4,391,667 |
56% |
$6,473,563 |
-13% |
| Avg SP |
$5,312,639 |
$3,623,333 |
47% |
$5,321,063 |
0% |
| SP/LP |
94% |
87% |
8% |
91% |
3% |
| Avg SP/Sq. Ft. |
$1,009 |
$781 |
29% |
$1,043 |
-3% |
| Avg DOM |
165 |
158 |
4% |
156 |
6% |
As people revaluated their living spaces shifting to homes over condos in both late 2020 and early 2021, the residential market in Kapalua saw an unprecedented amount of activity. Condo sales seemed to pick up a bit later, as travel restrictions started to lift.
Sales increased dramatically, particularly in the Pineapple Hill and Plantation Estates communities. There are fewer homes in Honolua Ridge and Mahana Estates, though that is starting to change with some new construction underway.
View Kapalua Homes for Sale
Market Overview: Kapalua Resort Land
Active Listings: 22
Price Range: $750,000-$7,250,000
Avg LP/Sq. ft.: $29
Avg DOM: 295
Pending Sales: 13
Price Range: $850,000-$2,900,000
Avg LP/Sq. Ft.: $23
Avg DOM: 119
| KAPALUA LAND |
YTD 2021 |
YTD 2020 |
Change |
2020 |
Change |
| Sales |
22 |
2 |
1000% |
8 |
175% |
| Volume |
$25,680,000 |
$1,600,000 |
1505% |
$13,925,000 |
84% |
| Avg LP |
$1,243,182 |
$850,000 |
55% |
$2,061,250 |
-40% |
| Avg SP |
$1,167,273 |
$800,000 |
46% |
$1,740,625 |
-33% |
| SP/LP |
95% |
94% |
1% |
89% |
7% |
| Avg SP/Sq. Ft. |
$15 |
$11 |
36% |
$32 |
-53% |
| Avg DOM |
173 |
74 |
134% |
284 |
-39% |
Across the Kapalua Resort, vacant land sales had the most dramatic increase of all, with sales in the new Mahana Estates development picking up. There are only a handful of undeveloped lots left in Pineapple Hill and Pineapple Hill Estates.
View Kapalua Land for Sale
View all properties for sale in Kapalua
NEW 
$1,995,000 Active Fee Simple
-
3
Beds
-
2½
Baths
-
15.84
Acres
-
1,750
ft²
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...
NEW
$1,300,000 Active Fee Simple
Land
265 Uki Uki Loop, Kapalua, HI
MLS® #408198
Listed By: Compass-W
Located In One Of Kapalua’s Most Sought-after Gated Communities, 265 Uki Uki Loop At Mahana Estates Is A Rare Approximately 32,409 Square Foot Ocean View Homesite Offering A True Build-ready Opportunity In A Quiet Golf Course Setting. Positioned Along The 6...
NEW
$15,600,000 Active Fee Simple
-
6
Beds
-
7½
Baths
-
3.83
Acres
-
8,252
ft²
Residential
203 Plantation Club Dr, Kapalua, HI
MLS® #408190
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-2222
This Stunning 8,252 Sq Ft Residence With Expansive Ocean Views Is Situated On 2.65 Beautifully Landscaped Acres With An Additional 1.18-acre Easement. The Home Features 6 Ensuite Bedrooms With Ocean Vistas, Including 2 On The First Floor. The Interiors Show...
NEW
$8,800,000 Active Fee Simple
-
5
Beds
-
6
Baths
-
1.4
Acres
-
4,103
ft²
Residential
710 Mahana Ridge St Lot 46, Kapalua, HI
MLS® #408183
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. Set Across 1.4 Acres With Sweeping Ocean And Molokai Views, 710 Mahana Ridge Is A Bespoke Luxury Residence ...
NEW
$2,395,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
21.8
Acres
-
1,778
ft²
Residential
100 Ridge Rd 1022-24, Kapalua, HI
MLS® #408172
Listed By: Keller Williams Realty Maui-Ki
Office Contact: Cell: 808-250-5690
This Is The One You Have Been Waiting For! Spectacular Panoramic Ocean Views, Gazing Into The Vast Ocean, Oneloa And Honolua Bay, And Moloka'i! Watch The Ever-changing Sea, Whales, And Surf, And Lush Golf Courses And Landscape From The Comfort Of Your Exclu...
NEW
$3,495,000 Active Fee Simple
-
2
Beds
-
3
Baths
-
16.45
Acres
-
1,697
ft²
Residential
500 Bay Dr 30b3-4, Kapalua, HI
MLS® #408175
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Situated Along The Kapalua Coastline, This Oceanfront Sanctuary Sits In A Premier Front-row Position Offering Panoramic Views Of The Ocean And The Outer Island Of Moloka’i, Year-round Sunsets, And A Front-row Seat To Whale Season. Inside, The Villa Has Bee...
