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 
$5,825,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
2.36
Acres
-
2,867
ft²
Residential
715 Laulama Pl, Kapalua, HI
MLS® #408322
Listed By: Compass
Office Contact: Cell: 808-276-6881
Nestled On Over Two Acres In The Coveted Mahana Estates At Kapalua, This 2022 Custom-built Modern Masterpiece Redefines Island Luxury. Its Sleek, Dark Exterior And Expansive Glass Walls Harmonize Effortlessly With Maui’s Lush Landscapes And Breathtaking Oce...
NEW
$1,500,000 Active Fee Simple
Land
221 Plantation Club Dr, Kapalua, HI
MLS® #408330
Listed By: Compass
Office Contact: Cell: 808-276-6881
Nestled Within The Prestigious Plantation Estates, This Exceptional 2.3 Acre Lot Offers The Ultimate Blend Of Privacy And Possibility. Imagine Designing Your Dream Home On This Blank Canvas, Perfectly Positioned Along The Renowned Plantation Club Drive. Her...
NEW
$1,395,000 Active Fee Simple
-
1
Beds
-
2
Baths
-
21.8
Acres
-
1,150
ft²
Residential
100 Ridge Rd 2022, Kapalua, HI
MLS® #408317
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000
Experience Unbelievable Ocean Views From One Of The Most Desirable Locations Within Kapalua Ridge Villas, In Building 20. Nestled In The World-renowned Kapalua Resort, This Low-density Development Offers A Serene, Park-like Setting Surrounded By Lush Hawaii...
NEW
$2,795,000 Active Fee Simple
-
3
Beds
-
3
Baths
-
21.8
Acres
-
1,806
ft²
Residential
100 Ridge Rd 2023-24, Kapalua, HI
MLS® #408318
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000
A Rare Opportunity At Kapalua Ridge Villas: This Spacious 3bd/3ba Residence Sits On The Top Floor Of Building 20, Capturing Some Of The Most Spectacular Ocean Views In The Entire Community. Set Within The World-renowned Kapalua Resort, Kapalua Ridge Villas ...
NEW
$5,395,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
0.23
Acres
-
4,574
ft²
Residential
1008 Sunset Pl, Kapalua, HI
MLS® #408268
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Set Against The Dramatic Backdrop Of The Pacific, 1008 Sunset Place Offers A Rare Opportunity To Own A Refined Island Residence In The Heart Of Kapalua. Perfectly Positioned To Capture Glowing Sunsets, Gentle Trade Winds, And Sweeping Ocean Views, This Kapa...
$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...
