Kapalua Resort Market Update | Q3 2022

Posted by Courtney M. Brown on Monday, October 3rd, 2022 at 7:53pm.

KAPALUA MARKET UPDATE: Q3 20

Kapalua Home for SaleThe view from 222 Crestview, Pineapple Hill Estates

Kapalua Condominiums, Homes and Land

Kapalua Condominiums

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.

How does the market through the end of the third quarter of 2022 stack up for each community?

A FIVE-YEAR OVERVIEW

Coconut Grove on Kapalua Bay

Coconut Grove Q3 2022 2021 2020 2019 2018 2017
Number of Sales 2 6 0 0 0 4
Sales Volume $10,990 $29,000,000 0 0 0 $18,950,000
Low Sales Price $5,300,000 $3,700,000 NA NA NA $4,500,000
High Sales Price $5,690,000 $6,250,000 NA NA NA $5,000,000
Average Sales Price $5,495,000 $4,833,333 NA NA NA $4,737,500
Average SP/Sq. Ft. $2,240 $1,883 NA NA NA $1,866
Average DOM 67 154 NA NA NA 64
Average SP/LP 93% 97% NA NA NA 95%

Kapalua Ironwoods*

Kapalua Ironwoods Q3 2022 2021 2020 2019 2018 2017
Number of Sales 4 5 4 1 1 0
Sales Volume $16,750,000 $17,020,000 $12,050,000 $2,300,000 $3,000,000 0
Low Sales Price $2,300,000 $1,500,000 $1,150,000 $2,300,000 $3,000,000 NA
High Sales Price $6,250,000 $4,150,000 $4,200,000 $2,300,000 $3,000,000 NA
Average Sales Price $4,187,500 $3,404,000 $3,012,500 $2,300,000 $3,000,000 NA
Average SP/Sq. Ft. $1,729 $1,634 $1,412 $1,065 $1,391 NA
Average DOM 149 320 124 671 204 NA
Average SP/LP 95% 92% 88% 93% 92% NA

*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.

Kapalua Bay Villas

KAPALUA BAY VILLAS Q3 2022 2021 2020 2019 2018 2017
Number of Sales 9 30 7 14 7 11
Sales Volume $14,799,000 $41,089,500 $7,538,000 $15,032,500 $7,621,250 $11,758,800
Low Sales Price $1,300,000 $755,000 $675,000 $800,000 $800,000 $725,000
High Sales Price $3,200,000 $2,900,000 $1,900,000 $1,485,000 $1,600,000 $1,725,000
Average Sales Price $1,642,111 $1,369,650 $1,076,857 $1,073,750 $1,088,750 $1,068,982
Average SP/Sq. Ft. $1,452 $1,104 $876 $287 $872 $882
Average DOM 62 232 149 287 258 287
Average SP/LP 100% 97% 92% 93% 95% 93%

Kapalua Golf Villas

KAPALUA GOLF VILLAS Q2 2022 2021 2020 2019 2018 2017
Sales 20 44 9 9 13 21
Volume $26,513,500 $42,071,750  $7,441,500  $15,248,872  $10,645,400  $15,900,099 
Low SP $940,000 $600,000  $600,000  $595,000  $575,000  $530,000 
High SP $1,949,000 $1,400,000  $1,200,000  $1,010,000  $1,200,000  $960,000 
Average SP $1,325,675 $956,176  $826,833  $802,572  $818,877  $757,148 
Average SP/Sq. Ft $1,201 $856  $749  $677  $678  $694 
Average DOM 82 122 124 165 155 351
Average SP/LP 101% 99% 94% 97% 98% 96%

Kapalua Ridge Villas

KAPALUA RIDGE VILLAS Q3 2022 2021 2020 2019 2018 2017
Sales 9 28 8 6 6 2
Volume $12,785,000 $31,301,998 $8,776,500 $4,904,000 $6,090,500 $2,400,000
Low SP $1,250,000 $775,000 $650,000 $650,000 $849,000 $950,000
High SP $1,900,000 $1,700,000 $1,487,500 $1,487,500 $1,487,500 $1,450,000
Average SP $1,420,556 $1,117,929 $1,097,063 $817,333 $1,097,063 $1,200,000
Average SP/Sq. Ft $1,167 $813 $701 $653 $701 $762
Average DOM 65 165 222 253 230 164
SP/LP 100% 97% 96% 96% 97% 97%

Montage Residences Kapalua Bay

MONTAGE RESIDENCES Q3 2022 2021 2020 2019 2018 2017
Number of Sales 9 27 9 21 12 12
Sales Volume $44,905,000 $128,678,533 $28,939,000 $86,445,000 $58,780,074 $54,388,000
Low Sales Price $3,000,000 $2,695,000 $2,750,000 $2,400,000 $3,495,000 $3,125,000
High Sales Price $8,000,000 $13,295,000 $4,159,000 $7,950,000 $8,950,000 $6,475,000
Average Sales Price $4,989,444 $4,765,872 $3,215,444 $4,116,429 $4,898,340 $4,532,333
Average SP/Sq. Ft. $1,999 $1,742 $1,407 $1,556 $1,572 $1,582
Average DOM 132 152 170 173 230 100
Average SP/LP 97% 98% 99% 97% 100% 99%

Ritz-Carlton Kapalua Residences 

RITZ-CARLTON RESIDENCES Q3 2022 2021 2020 2019 2018 2017
Number of Sales 3 5 3 1 6 3
Sales Volume $4,629,000 $9,655,000 $3,872,500 $900,000 $6,694,888 $4,701,888
Low Sales Price $990,000 $945,000 $735,000 $900,000 $830,000 $790,000
High Sales Price $2,650,000 $2,800,000 $2,300,000 $900,000 $1,400,000 $2,100,000
Average Sales Price $1,543,000 $1,931,000 $1,290,833 $900,000 $1,115,815 $1,567,296
Average SP/Sq. Ft. $1,424 $1,446 $1,065 $1,034 $1,093 $1,233
Average DOM 169 448 216 203 207 262
Average SP/LP 105% 97% 88% 92% 90% 94%

Key Figures for Kapalua Condo Sales in 2021 by Complex

Key Stats Coconut Grove The Ironwoods Kapalua Bay Villas Kapalua Golf Villas Kapalua Ridge Villas Montage Residences Ritz-Carlton Residences
Total Units in Complex 36 40 141 186 161 112 107
2021 Sales 6 5 30 44 28 27 5
% Complex to Sell 17% 13% 21% 24% 17% 24% 5%
Sales Volume $29,000,000 $17,020,000 $41,089,500 $42,071,750  $31,301,998 $128,678,533 $9,655,000
Low Sales Price $3,700,000 $1,500,000 $755,000 $600,000  $775,000 $2,695,000 $945,000
High Sales Price $6,250,000 $4,150,000 $2,900,000 $1,400,000  $1,700,000 $13,295,000 $2,800,000
Average Sales Price $4,833,333 $3,404,000 $1,369,650 $956,176  $1,117,929 $4,765,872 $1,931,000
Average SP/Sq. Ft. $1,883 $1,634 $1,104 $856  $813 $1,742 $1,446
Average DOM 154 320 232 122 165 152 448
Average SP/LP 97% 92% 97% 99% 97% 98% 97%

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 HOMES SOLD 

KAPALUA HOMES Q3 2022 2021 2020 2019 2018 2017
Number of Sales 14 29 17 18 8 8
Volume $74,700,000 $144,197,500 $90,787,000 $47,954,020 $30,943,300 $20,920,000
Low Sales Price $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000 $1,750,000
High Sales Price $7,900,000 $15,000,000 $24,000,000 $6,000,000 $12,000,000 $3,550,000
Average SP $5,335,714 $4,972,327 $5,240,411 $2,664,112 $3,867,913 $2,615,000
Average SP/Sq. ft. $1,112 $982 $1,063 $715 $755 $663
Average DOM 193 227 151 270 355 184
Average SP/LP 97% 94% 91% 92% 89% 93%

KAPALUA LAND SOLD 

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 17 58 8 2 0 5
Sales Volume $27,694,500 $65,265,000 $13,925,000 $3,150,000   $5,779,000
Low Sales Price $845,000 $700,000 $850,000 $1,300,000   $715,000
High Sales Price $3,700,000 $2,600,000 $8,000,000 $1,850,000   $1,400,000
Average Sales Price $1,644,971 $1,135,259 $1,740,625 $1,575,000   $963,167
Average SP/Sq. ft. $40 $17 $32 $23   $6
Average DOM 209 178 284 60   471
Average SP/LP 97% 95% 89% 100%   82%

PINEAPPLE HILL & PINEAPPLE HILL ESTATES

Pineapple Hill & Pineapple Hill Estates Homes

Featured Listing: Click to view 222 Crestview

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 7 15 10  15 4 6
Volume $35,575,000 $46,012,500 $27,187,000 $35,834,020 $9,550,000 $15,145,000
Low Sales Price $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000 $1,750,000
High Sales Price $7,900,000 $4,850,000 $3,750,000 $3,200,000 $2,680,000 $3,550,000
Average SP $5,082,142 $3,067,500 $2,718,700 $2,388,935 $2,387,500 $2,524,167
Average SP/Sq. ft. $1,023 $768 $696  $692 $588 $680
Average DOM 134 160 137  262 325 219
Average SP/LP 96% 95% 95% 94% 92% 93%

Pineapple Hill & Pineapple Hill Estates Land

Featured Listing: Click to view 322 Cook Pine Drive

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 5 2 1 0 0 0
Low Sales Price $879,000 $1,195,000 $950,000 NA NA NA
High Sales Price $1,500,000 $1,305,000 $950,000 NA NA NA
Average Sales Price $1,157,400 $1,250,000 $950,000 NA NA NA
Average SP/Sq. ft. $101 $62 $87 NA NA NA
Average DOM 204 143 314 NA NA NA
Average SP/LP 100% 100% 90% NA NA NA

PLANTATION ESTATES AT KAPALUA

Plantation Estates Homes

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 4 6 3 1 1 1
Volume $24,225,000 $32,635,000 $13,850,000 $6,000,000 $3,000,050 $3,200,000
Low Sales Price $5,425,000 $4,025,000 $3,750,000 $6,000,000 $3,000,050 $3,200,000
High Sales Price $7,500,000 $10,100,000 $5,650,000 $6,000,000 $3,000,050 $3,200,000
Average SP $6,056,250 $5,439,167 $4,616,667 $6,000,000 $3,000,050 $3,200,000
Average SP/Sq. ft. $920 $933 $1,006 $972 $463 $914
Average DOM 306 258 70 215 372 108
Average SP/LP 96% 93% 92% 81% 83% 100%

Plantation Estates Land

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 2 5 2 0 0 2
Volume $4,545,000 $7,965,000 $1,700,000 0 0 $2,174,000
Low Sales Price $845,000 $975,000 $800,000 NA NA $875,000
High Sales Price $3,700,000 $2,600,000 $900,000 NA NA $1,299,000
Average SP $2,272,500 $1,593,000 $850,000 NA NA $1,087,000
Average SP/Sq. ft. $22 $15 $9 NA NA $12
Average DOM $618 226 53 NA NA 211
Average SP/LP 96% 97% 81% NA NA 84%

HONOLUA RIDGE

Honolua Ridge Homes

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 1 4 1 2 2 1
Volume $5,300,000 $25,500,000 $3,850,000 $6,120,000 $6,393,250 $2,575,000
Low Sales Price $5,300,000 $5,000,000 $3,850,000 $2,850,000 $3,000,000 $2,575,000
High Sales Price $5,300,000 $8,700,000 $3,850,000 $3,270,000 $3,393,250 $2,575,000
Average SP $5,300,000 $6,375,000 $3,850,000 $3,060,000 $3,196,625 $2,575,000
Average SP/Sq. ft. $1,493 $1,175 $1,036 $759 $811 $306
Average DOM $95 276 40 352 167 48
Average SP/LP 97% 94% 91% 89% 89% 86%

Honolua Ridge Land

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 6 9 1 0 0 4
Volume $11,837,500 $13,365,000 $850,000 0 0 $3,605,000
Low Sales Price $1,163,000 $805,000 $850,000 NA NA $715,000
High Sales Price $2,795,000 $2,000,000 $850,000 NA NA $1,400,000
Average SP $1,972,917 $1,485,000 $850,000 NA NA $901,250
Average SP/Sq. ft. $7 $7 $5 NA NA $3
Average DOM 133 227 360 NA NA 601
Average SP/LP 97% 92% 95% NA NA 81%

MAHANA ESTATES

Mahana Estates Homes

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 2 1 1 0 0 0
Volume $9,600,000 $5,250,000 $6,400,000 0 0 0
Low Sales Price $4,750,000 $5,250,000 $6,400,000 NA NA NA
High Sales Price $8,850,000 $5,250,000 $6,400,000 NA NA NA
Average SP $4,800,000 $5,250,000 $6,400,000 NA NA NA
Average SP/Sq. ft. $1,617 $1,229 $1,634 NA NA NA
Average DOM 224 52 122 NA NA NA
Average SP/LP 100% 99% 77% NA NA NA

Mahana Estates Land

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 4 42 3 2 0 0
Volume $5,795,000 $41,435,000 $2,425,000 $3,150,000 0 0
Low Sales Price $1,200,000 $700,000 $800,000 $1,300,000 NA NA
High Sales Price $1,945,000 $2,150,000 $825,000 $1,850,000 NA NA
Average SP $1,448,750 $986,548 $808,333 $1,575,000 NA NA
Average SP/Sq. ft. $23 $17 $12 $23 NA NA
Average DOM 128 163 157 60 NA NA
Average SP/LP 96% 94% 95% 10000% NA NA

KAPALUA PLACE & OCEANFRONT HOMES

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 0 3   0 1 0
Volume 0 $34,800,000 $39,500,000 0 $12,000,000 0
Low Sales Price NA $8,700,000 $15,500,000 NA $12,000,000 NA
High Sales Price NA $15,000,000 $24,000,000 NA $12,000,000 NA
Average SP NA $11,600,000 $19,750,000 NA $12,000,000 NA
Average SP/Sq. ft. NA $1,809 $2,975 NA $1,605 NA
Average DOM NA 489 425 NA 833 NA
Average SP/LP NA 93% 79% NA 80% NA

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.

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,

33 Properties Found. Page 1 of 6

Rare Opportunity In Kapalua, Maui!!! New Constr...

NEW Photo of Listing #397493

$625,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 2.21 Acres
  • 631 ft²

Condominium

5510 Lower Honoapiilani Hwy B-27, Kapalua, Hawaii

MLS® #397493

Listed By: Quam Properties Hawaii Inc
Office Contact: 808-665-1315

Rare Opportunity In Kapalua, Maui!!! New Construction With Impeccable Ocean Views Sitting On The Bluff Overlooking Kapalua Bay Course And Napili Bay. While Enjoying The Wonderful Breezes Coming Off Of The Kapalua Bay Course You Have Great Privacy While Enjo...

This Unit Is Located Directly On The 3rd Fairwa...

NEW Photo of Listing #397490

$1,750,000 Pending - Cont. To Show Fee Simple

  • 2 Beds
  • 3 Baths
  • 21.8 Acres
  • 1,756 ft²

Condominium

100 Ridge Rd 1223-24, Kapalua, Hawaii

MLS® #397490

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-870-7062

This Unit Is Located Directly On The 3rd Fairway Of The Famed Kapalua Bay Golf Course. Two Bedrooms And Three Full Bathrooms With Large Living Spaces Allow This To Be A Perfect Gathering Place For Family Events And Any And All Holidays. The Kapalua Resor...

Being Offered For The First Time Ever By The Or...

Photo of Listing #397442

$6,995,000 Active Fee Simple

  • 3 Beds
  • Baths
  • 11.13 Acres
  • 2,783 ft²

Condominium

24 Coconut Grove Ln F24, Kapalua, Hawaii

MLS® #397442

Listed By: Compass
Office Contact: 808-762-1796

Being Offered For The First Time Ever By The Original Occupants, 24 Coconut Grove Represents A Rare Opportunity On Maui To Own A Pre-eminent Luxury Beachfront Condominium. Coconut Grove Is A Private Community Nestled In Beautiful Kapalua Bay, World Renowned...

This Exquisitely Appointed Oceanfront Two Bedro...

Photo of Listing #397394

$3,750,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 2.15 Acres
  • 1,477 ft²

Condominium

1 Ritz Carlton Dr 1226-1228, Kapalua, Hawaii

MLS® #397394

Listed By: Maui Resort Realty
Office Contact: Richard@ownwestmaui.com

This Exquisitely Appointed Oceanfront Two Bedroom/two Bath Ritz-carlton Residence Commands Spectacular Ocean Views From Every Room. Featuring High-end Touches Throughout, Including Marble Baths And Hardwood Flooring, This Property Is One Of Only A Handfu...

100 Hawane Loop In Mahana Estates Is Unrivaled ...

Photo of Listing #397358

$8,200,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 1.3 Acres
  • 4,238 ft²

Residential

100 Hawane Loop 1, Kapalua, Hawaii

MLS® #397358

Listed By: Keller Williams Realty Maui-L
Office Contact: 808-661-8777

100 Hawane Loop In Mahana Estates Is Unrivaled Setting A New Standard Of Modern Hawaiian Luxury. Perfectly Located On The Premium Lot 1, A 1.3-acre Estate With Spectacular And Uncompromising Views Of The 7th And 8th Hole Of The Plantation Course, Ocean View...

Step Into This Magnificent And Secluded Maui Es...

Photo of Listing #397268

$24,900,000 Active Fee Simple

  • 6 Beds
  • Baths
  • 6.83 Acres
  • 8,252 ft²

Residential

203 Plantation Club Dr, Kapalua, Hawaii

MLS® #397268

Listed By: Island Sotheby's Int'l Rlty(L)
Office Contact: Cell: 808-495-6236

Step Into This Magnificent And Secluded Maui Estate Perched On 2 Ocean Cliff Lots, Totaling Nearly 7 Acres, Overlooking The Pacific Ocean And Moloka'i. This Property Is A Unique Diamond For Its Beautiful, Quiet Setting Alone. It's Approximately 100-foot Ele...

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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