Kapalua Resort: Residential & Vacant Land Update Q2 | 2023

Posted by Courtney M. Brown on Saturday, July 22nd, 2023 at 1:17pm.

KAPALUA MARKET UPDATE: Second Quarter 2023

The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua

KAPALUA RESIDENTIAL & VACANT LAND MARKET UPDATE

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.

In the first two quarters of 2023, there were five home sales:

Address Sold  Date Beds Baths Sq. Ft. Acres DOM $/Sq. Ft. Subdivision MLS #
708 Fairway $4,150,000 1/5/23 3 3.5 3,400 0.20 69 $1,221 Pineapple Hill 397252
222 Crestview $5,775,000 1/6/23 4 4.5 4,265 0.48 153 $1,354 Pineapple Hill Estates 396647
116 Pulelehua $4,300,000 5/12/23 4 4.5 4,081 0.47 250 $1,054 Pineapple Hill Estates 396881
205 Plantation Club $7,680,000 6/15/23 5 5.5 6,068 3.29 42 $1,267 Plantation Estates 398796
708 Fairway $4,400,000 6/27/23 3 3.5 3,238 0.20 43 $1,359 Pineapple Hill 398877

KAPALUA HOME SALES BY COMMUNITY:  Q2 | 2023 and a 5 Year Overview

PINEAPPLE HILL & PINEAPPLE HILL ESTATES

View Pineapple Hill & Pineapple Hill Estates Homes for sale

Pineapple Hill Homes Q2 2023 2022 2021 2020 2019 2018
Number of Sales 4 7 15 10  15 4
Volume $18,625,000 $35,575,000 $46,012,500 $27,187,000 $35,834,020 $9,550,000
Low SP $4,150,000 $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000
High SP $5,775,000 $7,900,000 $4,850,000 $3,750,000 $3,200,000 $2,680,000
Median SP $4,350,000 $4,825,000 $2,700,000 $2,625,000 $2,300,000 $2,450,000
Average SP $4,656,250 $5,082,142 $3,067,500 $2,718,700 $2,388,935 $2,387,500
Average SP/Sq. Ft. $1,247 $1,023 $768 $696  $692 $588
Average DOM 129 134 160 137  262 325
Average SP/LP 93% 96% 95% 95% 94% 92%

PLANTATION ESTATES AT KAPALUA HOMES

View Plantation Estates Homes for Sale

Plantation Estates Homes Q2 2023 2022 2021 2020 2019 2018
Number of Sales 1 4 6 3 1 1
Volume $7,680,000 $24,225,000 $32,635,000 $13,850,000 $6,000,000 $3,000,500
Low SP $7,680,000 $5,425,000 $4,025,000 $3,750,000 $6,000,000 $3,000,500
High SP $7,680,000 $7,500,000 $10,100,000 $5,650,000 $6,000,000 $3,000,500
Median SP $7,680,000 $5,650,000 $4,490,000 $4,490,000 $6,000,000 $3,000,500
Average SP $7,680,000 $6,056,250 $5,439,167 $4,616,667 $6,000,000 $3,000,500
Average SP/Sq. Ft. $1,266 $920 $933 $1,006 $972 $463
Average DOM 42 306 258 70 215 372
Average SP/LP 97% 96% 93% 92% 81% 83%

 

HONOLUA RIDGE HOMES

View Honolua Ridge Homes for sale

Honolua Ridge Homes Q2 2023 2022 2021 2020 2019 2018
Number of Sales 0 1 4 1 2 2
Volume 0 $5,300,000 $25,500,000 $3,850,000 $6,120,000 $6,393,250
Low SP NA $5,300,000 $5,000,000 $3,850,000 $2,850,000 $3,000,000
High SP NA $5,300,000 $8,700,000 $3,850,000 $3,270,000 $3,393,250
Median SP NA $5,300,000 $5,900,000 $3,850,000 $3,060,000 $3,196,625
Average SP NA $5,300,000 $6,375,000 $3,850,000 $3,060,000 $3,196,625
Average SP/Sq. Ft. NA $1,493 $1,175 $1,306 $750 $811
Average DOM NA 95 276 40 352 168
Average SP/LP NA 97% 94% 91% 89% 90%

 

MAHANA ESTATES HOMES

View Mahana Estates Homes

Mahana Estates Homes Q2 2023 2022 2021 2020 2019 2018
Number of Sales 0 2 1 1 0 0
Volume $0 $9,600,000 $5,250,000 $6,400,000 $0 $0
Low SP NA $4,750,000 $5,250,000 $6,400,000 NA NA
High SP NA $4,850,000 $5,250,000 $6,400,000 NA NA
Median SP NA $4,800,000 $5,250,000 $6,400,000 NA NA
Average SP NA $4,800,000 $5,250,000 $6,400,000 NA NA
Average SP/Sq. Ft. NA $1,617 $1,229 $1,098 NA NA
Average DOM NA 224 52 88 NA NA
Average SP/LP NA 100% 99% 77% NA NA

 

KAPALUA PLACE & OCEANFRONT HOMES

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.

View Kapalua Place and Kapalua Oceanfront homes for sale

Oceanfront Homes Q2 2023 2022 2021 2020 2019 2018
Number of Sales 0 0 3 2 0 1
Volume 0 0 $34,800,000 $39,500,000 0 $12,000,000
Low SP NA NA $8,700,000 $15,500,000 NA $12,000,000
High SP NA NA $15,000,000 $24,000,000 NA $12,000,000
Median SP NA NA $11,100,000 $19,750,000 NA $12,000,000
Average SP NA NA $11,600,000 $19,750,000 NA $12,000,000
Average SP/Sq. Ft. NA NA $1,809 $3,975 NA $1,605
Average DOM NA NA 489 425 NA 833
Average SP/LP NA NA 93% 79% NA 80%

 

KAPALUA LAND SALES

In the first quarter of 2023, there was just one lot sales to report in the Kapalua Resort, a two acre lot in the Plantation Estates sold for $1,525,000.

Pineapple Hill & Pineapple Hill Estates Land

View Pineapple Hill & Pineapple Hill Estates Land for Sale

Pineapple Hill Land Q2 2023 2022 2021 2020 2019 2018
Number of Sales 0 5 2 1 0 0
Volume 0 $5,787,000 $2,500,000 $950,000 0 0
Low SP NA $879,000 $1,195,000 $950,000 NA NA
High SP NA $1,500,000 $1,305,000 $950,000 NA NA
Median SP NA $1,090,000 $1,090,000 $950,000 NA NA
Average SP NA $1,157,400 $1,250,000 $950,000 NA NA
Average SP/Sq. Ft. NA $101 $62 $87 NA NA
Average DOM NA 204 143 314 NA NA
Average SP/LP NA 100% 100% 90% NA NA
             

Plantation Estates Land

View Plantation Estates Land for Sale

Plantation Estates Land Q2 2023 2022 2021 2020 2019 2018
Number of Sales 1 4 5 2 0 0
Volume 1 $7,545,000 $7,965,000 $1,700,000 0 0
Low SP $1,525,000 $845,000 $975,000 $800,000 NA NA
High SP $1,525,000 $3,700,000 $2,600,000 $900,000 NA NA
Median SP $1,525,000 $1,500,000 $1,400,000 $850,000 NA NA
Average SP $1,525,000 $2,272,500 $1,593,000 $850,000 NA NA
Average SP/Sq. Ft. $17 $18 $15 $9 NA NA
Average DOM 409 407 226 53 NA NA
Average SP/LP 76% 88% 97% 81% NA NA

Mahana Estates Land

View Mahana Estates Land for Sale

Mahana Estates Land Q2 2023 2022 2021 2020 2019 2018
Number of Sales 0 5 42 3 2 0
Volume 0 $7,670,000 $41,425,000 $2,425,000 $3,150,000 0
Low SP NA $1,200,000 $700,000 $800,000 $1,300,000 NA
High SP NA $1,945,000 $2,150,000 $825,000 $1,850,000 NA
Median SP NA $1,400,000 $852,500 $800,000 $1,575,000 NA
Average SP NA $1,534,000 $986,548 $808,333 $1,575,000 NA
Average SP/Sq. Ft. NA $29 $17 $12 $23 NA
Average DOM NA 119 163 157 60 NA
Average SP/LP NA 96% 94% 95% 100% NA

Honolua Ridge Land

View Honolua Ridge Land for Sale

Honolua Ridge Land Q2 2023 2022 2021 2020 2019 2018
Number of Sales 0 6 9 1 0 0
Volume 0 $11,837,500 $13,365,000 $850,000 0 0
Low SP NA $1,163,000 $805,000 $850,000 NA NA
High SP NA $2,795,000 $2,000,000 $850,000 NA NA
Median SP NA $1,962,500 $1,300,000 $850,000 NA NA
Average SP NA $1,972,917 $1,485,000 $850,000 NA NA
Average SP/Sq. Ft. NA $7 $7 $5 NA NA
Average DOM NA 133 227 360 NA NA
Average SP/LP NA 97% 92% 95% NA NA

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.

Kapalua Homes for Sale

14 Properties Found. Page 2 of 2

Big Time Views At The Top Of Pineapple Hill Se...

Photo of Listing #406358

$3,900,000 Active Fee Simple

  • 3 Beds
  • 3½ Baths
  • 0.25 Acres
  • 3,674 ft²

Residential

212 Crestview Rd, Kapalua, HI

MLS® #406358

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-298-3498

Big Time Views At The Top Of Pineapple Hill Set Within The Gated Pineapple Hill Subdivision, 212 Crestview Road Residence Features A 3,674 Square Foot 3 Bedroom, 3 And A Half Bath Home On A 10,987 Square Foot Lot With Commanding Views From The Top Row In P...

View Listing

An Exceptional Residence Where Uncompromising A...

Photo of Listing #403334

$16,000,000 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...

View Listing

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.

This blog was updated on 7/28/23 and the interactive charts from the MLS were changed from rolling year of data to rolling 6 months.

Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty

 

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