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 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.

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,

69 Properties Found. Page 9 of 12

This Beautifully Remodeled Kapalua Ridge Villa ...

Photo of Listing #403497

$1,150,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 21.8 Acres
  • 1,125 ft²

Residential

100 Ridge Rd, Unit 612, Kapalua, HI

MLS® #403497

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-283-4922

This Beautifully Remodeled Kapalua Ridge Villa Offers An Ideal Blend Of Modern Comfort And Tropical Charm. Located In A Serene, North-facing Position, This Villa Provides A Private And Tranquil Setting With An Extended Lanai For Ultimate Relaxation. The Co...

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Discover Kapalua Bay Villas On Maui, Where It I...

REDUCED 3% Photo of Listing #403455

$1,550,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 16.45 Acres
  • 1,006 ft²

Residential

500 Bay Dr, Unit 14b1, Kapalua, HI

MLS® #403455

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-345-7654

Discover Kapalua Bay Villas On Maui, Where It Is All About The View. This Beautifully Renovated One Bedroom Condo Offers A Captivating View Of The Pacific Ocean And Molokai. Perched Perfectly To Capture Stunning Sunsets And The Serene Sounds Of The Waves, T...

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One Of The Last Remaining Building Lots At The ...

Photo of Listing #403360

$1,595,000 Pending Fee Simple

  • 0.23 Acres

Land

308 Cook Pine Dr, Kapalua, HI

MLS® #403360

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

One Of The Last Remaining Building Lots At The Upscale Pineapple Hill Subdivision With Captivating Ocean, Sunsets, Lanai And Molokai Views! A New Home With Stunning Modern Features Has Been Designed By A Well Known Local Architect Who Can Customize Many Fe...

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Welcome To An Extraordinary Sanctuary Of Privac...

REDUCED 9% Photo of Listing #403222

$12,800,000 Active Fee Simple

  • 3 Beds
  • 3½ Baths
  • 2.18 Acres
  • 5,366 ft²

Residential

223 Plantation Club Dr, Kapalua, HI

MLS® #403222

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583

Welcome To An Extraordinary Sanctuary Of Privacy And Luxury In Kapalua’s Prestigious Guard-gated Community Of Plantation Estates, With Security Provided Seven Days A Week. Recently And Extensively Renovated Inside And Out, This 2.18-acre Estate Has Been Tra...

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Wow! The Only Penthouse At The Ritz Carlton Ka...

Photo of Listing #403115

$8,500,000 Active Fee Simple

  • 2 Beds
  • 2½ Baths
  • 28.04 Acres
  • 2,558 ft²

Residential

1 Ritz Carlton Dr, Unit 1626, Kapalua, HI

MLS® #403115

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

Wow! The Only Penthouse At The Ritz Carlton Kapalua Is Now Available! This Very Unique Condominium Apartment Encompasses The Entire Oceanside Top Floor Of The North Tower With Approximately 2,558 Square Feet Of Interior Living Plus A Lanai Of Approximatel...

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An Exceptional Residence Where Uncompromising A...

Photo of Listing #403334

$18,000,000 Active Fee Simple

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

Residential

210 Naio Pl, Kapalua, HI

MLS® #403334

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-280-1080

An Exceptional Residence Where Uncompromising Attention To Detail And A Harmonious Fusion Of Comfort And Nature Create A Testament To Unparalleled Quality And Sophistication. Where Every Day Is An Opportunity To Savor The Beauty And Tranquility That Define...

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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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