Maui Real Estate & Lifestyle News

A New Direction: The Montage Residences Kapalua Bay rebranded The Resort at Kapalua Bay

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 23 Mar 2026 13:05:00 -1000

The Resort at Kapalua Bay & The Residences at Kapalua Bay The Resort at Kapalua Bay is one of Maui’s premier oceanfront luxury residential resorts, set on 21 acres overlooking Kapalua Bay, one of the most celebrated beaches in Hawaii. Originally opened on May 31, 2009, the property has evolved into a flagship offering within Kapalua Resort real estate, known for its spacious residences, panoramic views, and world-class amenities. Luxury Oceanfront Residences in Kapalua The Resort at Kapalua Bay Residences feature some of the largest condominium floor plans in Kapalua, with expansive two, three- and four-bedroom layouts designed to maximize ocean views and indoor-outdoor living. Each residence offers: Sweeping views of Kapalua Bay, Namalu Bay, and Hawea Point framed by the islands of Molokai and Lanai Large private lanais ideal for sunset and whale watching Open-concept living spaces with luxury finishes A residential-style experience with the amenities of a full-service resort For those seeking a more flexible ownership option, fractional ownership opportunities are also available. These 1/12th ownership residences offer both fixed and floating weeks, providing access to luxury at a lower entry point. A Premier Location on Maui’s West Side Positioned along the West Maui coastline, the property enjoys one of the most desirable settings in Kapalua. Overlooking the crescent-shaped white sand beach of Kapalua Bay, the resort offers panoramic ocean views framed by the outer islands, along with direct access to beaches, coastal trails, and resort amenities. Owners and guests enjoy: Two resort-style swimming pools Spa and Fitness Center On-site dining Full concierge and hotel services A central location within the Kapalua Resort The History of The Resort at Kapalua Bay: Ritz-Carlton > Montage > St. Regis The property’s legacy is deeply rooted in Kapalua’s history as a luxury destination. Kapalua Bay Hotel Era Prior to its redevelopment, the site was home to the Kapalua Bay Hotel, a beloved oceanfront resort known for its understated elegance and prime location overlooking Kapalua Bay. Ritz-Carlton Club & Residences (2009) In 2009, the property was reintroduced as the Ritz-Carlton Club and Residences, Kapalua Bay, featuring: 84 whole-ownership condominium residences 62 fractional ownership residences Large-format three- and four-bedroom floor plans At launch, a portion of the residences were sold to private owners and Exclusive Resorts, while the remaining inventory was held during a challenging market cycle. Repositioning as Montage Residences (2013) Following a foreclosure in early 2013, the property was acquired by Island Acquisitions, which appointed Montage Hotels & Resorts as the management company. A significant multi-million dollar renovation and repositioning followed, transforming the property into Montage Residences Kapalua Bay, one of Maui’s most prestigious branded residential resorts. Enhancements included: The addition of Cane & Canoe, a signature ocean-view restaurant An upscale bar and gathering space Design elements that pay homage to the original Kapalua Bay Hotel Recent Ownership & Management Transition (2025–2026) In November 2025, investor Kemmons Wilson acquired the remaining residences along with the hotel and event spaces. On March 14, 2026, the property officially transitioned from Montage management to Marriott International, marking the beginning of a new chapter. A New Direction: The Resort at Kapalua Bay & St. Regis Transition Now rebranded as The Resort at Kapalua Bay, the property is positioned for a planned transition to the St. Regis brand in 2027, aligning it with one of the most prestigious luxury hotel flags in the world. As part of this transition: The property is now managed by Marriott International and will be until the transition to the St. Regis Estates portfolio The former Montage Spa has been reintroduced as The Spa at Kapalua Bay Future enhancements are expected to further elevate the resort’s positioning within the global luxury travel and real estate market

Market Spotlight: 94 Keoawa, Honolua Ridge, Kapalua

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 11 Jul 2025 21:34:00 -1000

Escape to Honolua Ridge: the privacy of the country with the amenities of the Kapalua Resort. An aerial view of the 94 Keoawa overlooking the Plantation Course, across the Pacific to Moloka'i. All listing photography by Archer Shoots Honolua Ridge offers a rare opportunity to own a private estate with sweeping ocean vistas, world-class amenities, and unparalleled peace. Located just three miles north of the town center of Kapalua, this gorgeous country estate strikes the ideal balance between a tranquil retreat and the activities and amenities of a world class resort. Annexed into the gated Plantation Estates community, Honolua Ridge features home sites that range in size from two to thirty-plus acres. Rarely in West Maui do you find this much acreage. Honolua Ridge is surrounded by open space and wild beauty. A Home That Redefines Privacy and a Reimagined Interior Set on over 7 acres within a gated enclave of luxury Kapalua homes, this custom-built residence offers a feeling of seclusion and privacy. The estate captures sweeping views of the ocean, Maui's vibrant sunsets, and the neighboring island of Moloka‘i. The land is planted with fruit trees and tropical landscaping, and is bordered by acres of forest and native Hawaiian flora. Architecturally, the home fuses modern elegance with island warmth. The expansive lanai and outdoor entertaining areas invite you to enjoy Maui’s perfect year-round climate with ease and style. While it is a large home ideal for multigenerational living or a house full of guests, the layout also lends itself to easy living with the main level upstairs and guest accommodations downstairs. Each floor is equipped with its own living room, kitchen, and three bedrooms. The upstairs features a private office, and the downstairs has a home theatre, pool table and foosball. The current owner has made extensive updates to the home, and the thoughtful renovation includes a completely reimagined kitchen, dining area, and primary suite upstairs, oak floors, new windows, and an extensive photo-voltaic system with backup batteries to harness the sun. The Kapalua Resort is known for its world-class golf courses, tennis & pickleball, hiking and biking trails, and stunning beaches. Many of Maui's most popular restaurants are located in Kapalua, including Merriman's Kapalua, Cane & Canoe, the Banyan Tree, Sansei Kapalua, Taverna, and the Plantation House. Nearby in Napili, is one of Maui's private schools, Maui Preparatory Academy. This is a rare ability to own a legacy property in a community that truly embraces the natural beauty of its surroundings. 94 Keoawa Incomparable and casually elegant, this stylish and spacious home was taken down to the bare studs and then artfully recreated. The home features oak flooring throughout, custom cabinetry in kitchen and upstairs baths with soft closing mechanisms, stunning counter tops and a row of elegant glass display cabinets. The kitchen is a chef's dream, beautifully appointed with a double Wolf range, Sub Zero refrigeration and wine storage. The kitchen opens to a large great room featuring a built-in entertainment center and a generous lanai for outdoor dining. A gracious ocean view primary suite features a generous walk-in closet and ensuite bathroom. The Primary ensuite is bright and airy, with windows overlooking tropical landscaping, complete with a soaking tub and shower large enough for two. Just off the Primary is the first of two laundry rooms The study provides ample room to work, or for a quiet retreat to spend an afternoon reading your favorite books. A second ocean view bedroom suite is located on the main level, with a large, sheltered lanai providing a wonderful spot for guests. A third bedroom suite and powder room complete the main floor. Downstairs, you'll find a second great room, a second kitchen, a home theater, laundry, powder room and three bedrooms. Just off the living room is a large pool deck, additional outdoor dining and acres of fruit trees. The home theatre is a cozy place to relax and take in your favorite movies The game room features a pool table, foosball and an ocean view Three bedrooms are located downstairs, making this a perfect spot for guests or multigenerational living The pool and spa are illuminated at night and are the perfect plax to relax on a sunny day, and watch the sun illuminate the clouds as it sets. As night falls, and the stars come out, this is an ideal place to enjoy the wonders of the evening sky framed by palm trees. For more information on 94 Keoawa, please contact Courtney M. Brown or Billy Jalbert View Kapalua Homes for Sale

Maui Real Estate Statistics: February, 2025

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 06 Mar 2025 15:42:00 -1000

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. The Maui Real Estate Report for the second month of 2025 notes: U.S. existing-home sales fell for the first time since September, slipping 4.9 month-over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2 compared to the same period last year, marking the fourth consecutive monthly year-over-year increase. New Listings increased 4.3 percent for Single Family homes but decreased 7.8 percent for Condominium homes. Pending Sales decreased 11.3 percent for Single Family homes and 38.7 percent for Condominium homes. Inventory increased 58.0 percent for Single Family homes and 97.9 percent for Condominium homes. Median Sales Price increased 9.7 percent to $1,395,319 for Single Family homes and 27.7 percent to $945,000 for Condominium homes. Days on Market decreased 3.1 percent for Single Family homes but increased 85.9 percent for Condominium homes. Months Supply of Inventory increased 71.4 percent for Single Family homes and 167.3 percent for Condominium homes. The limited number of properties for sale has continued to push home prices higher nationwide. At last measure, the national median existinghome price was $396,900, a 4.8 increase from one year earlier, with prices up in all four regions, according to NAR. Meanwhile, total housing inventory heading into February stood at 1.18 million units, up 3.5 monthover-month and 16.8 year-over-year, for a 3.5-month supply at the current sales pace. MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES* Active Listings (up since last month): 377 homes from $250,000 for a home in Kula with a life estate deed to $75,000,000 for Hana Ranch, followed by $65,000,000 for a home for sale in on Keawakapu Beach Pending: 115 homes from $583,000 for a home in Wailuku to $8,600,000 for a home in Mahana Estates in Kapalua.Sold (2025): 108 homes from $500,000 for a home in Hawaiian Homelands in Kula to $14,470,000 for a home in One Palauea Bay. The median sale price is $1,300,500 and the average is $1,823,027 MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings (up since last month): 781 condos listed from $175,000 for a condo in Kahului to $16,500,000 for a condominium residence at Wailea PointPending: 88 condos pending, ranging from $249,000 for a condo in Honokowai to $13,900,000 condo at Wailea Point.Sold (2025): 112 condos sold, ranging from $190,000 for a condo in Kahului to $5,500,000 for a condo at the Ironwoods in Kapalua. This continued increase in listing inventory is likely affected to the proposed changes to Maui County's Short Term Rental rules and regulations. MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings (up since last month): 139 parcels from $299,000 in Pukalani to $38,000,000 for 9 lots covering 258 acres up in Makawao,Pending: 27 lots from $299,000 in Hana to $10,500,000 for a 5 parcels sold together totaling 40.25 Upcountry Sold (2025): 19 parcels which sold anywhere from $20,000 for a driveway lot in West Maui to $10,900,000 for a Kaanapali beachfront lot located on Kai Ala Place. *Molokai and Lanai are not included in the above-written summaries, although they are a part of Maui County. This data is taken from the MLS on the date of this post was written, 3/6/25 Read the full report and see how it compares to prior years here: Maui Real Estate Statistics

Market Spotlight: Pineapple Hill, Kapalua | Introducing 324 Cook Pine Drive

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Mon, 24 Feb 2025 12:44:00 -1000

Market Spotlight: Pineapple Hill, Kapalua, Maui Introducing 324 Cook Pine, Pineapple Hill New to market is 324 Cook Pine Drive, Kapalua, Maui Welcome to Pineapple Hill, where elegance meets the effortless beauty of Maui’s world-renowned Kapalua Resort. Perched in one of Maui’s most sought-after communities, this gracious home offers breathtaking panoramic ocean, island, and sunset views, seamlessly blending indoor and outdoor living. The expansive living room opens to sprawling covered lanais, creating an ideal setting for entertaining or tranquil relaxation. Enjoy the pool and spa, where whale-watching and Maui’s famed sunsets become part of your daily routine. Upstairs, you’ll find three luxurious bedroom suites, including a primary retreat with a private lanai, elegant sitting area, spacious walk-in closet, and spa-inspired ensuite featuring a soaking tub and oversized shower. Modern upgrades ensure efficiency and sustainability, including 62 solar panels, four Tesla batteries, new AC, plush carpeting, and designer blinds. Located within the gated community of Pineapple Hill, residents enjoy access to resort-style amenities, including a clubhouse, pool, tennis & pickleball courts, and dedicated on-site management. Amenities in Kapalua include some of Maui’s finest beaches, award-winning dining, and the world-famous Kapalua Plantation & Bay golf courses. Pineapple Hill Current Listings & Pending Sales Status Address Original List Price List Price Beds Baths SQFT Acres $/SQFT DOM Built Subdivision MLS ACT 324 Cook Pine Dr $4,250,000 $4,250,000 3 3.5 3,670 0.25 $1,158 0 1990 Pineapple Hill 405060 ACT 514 Pacific Dr $5,500,000 $5,500,000 4 4.5 3,704 0.22 $1,485 53 2005 Pineapple Hill 404516 ACT 104 Woodrose Pl $5,850,000 $5,850,000 4 3.5 3,315 0.23 $1,765 124 1989 Pineapple Hill 403822 ACT 1008 Sunset Pl $5,875,000 $5,875,000 3 3.5 4,574 0.23 $1,284 224 2002 Pineapple Hill 402889 PEND 306 Cook Pine Dr $5,995,000 $5,975,000 4 4.5 4,150 0.25 $1,440 386 2023 Pineapple Hill 401098 PEND 1216 SUMMER Rd $11,000,000 $8,450,000 6 6.5 7,448 0.62 $1,135 460 1990 Pineapple Hill 400328 At the time of this post, there are four homes actively listed for sale, and two homes pending. All are located in Pineapple Hill, the first phase of the development. It should be noted that of the pending sales, 306 Cook Pine Drive is an unfurnished, newly constructed home. 1216 Summer Road is an older home on a double lot, a rarity in phase one of the development. 2024 Key Sales Stats | Pineapple Hill & Pineapple Hill Estates Homes Pineapple Hill Homes 2024 2023 2022 2021 2020 Number of Sales 4 9 7 15 10 Volume $20,288,000 $41,750,000 $35,575,000 $46,012,500 $27,187,000 Low SP $3,150,000 $4,150,000 $2,750,000 $2,062,500 $1,600,000 High SP $6,875,000 $6,450,000 $7,900,000 $4,850,000 $3,750,000 Median SP $5,131,500 $4,300,000 $4,825,000 $2,700,000 $2,625,000 Average SP $5,072,000 $4,638,889 $5,082,142 $3,067,500 $2,718,700 Average SP/Sq. Ft. $1,449 $1,219 $1,023 $768 $696 Average DOM 150 154 134 160 137 Average SP/LP 94 94 96 95 95 2024 Sales | Pineapple Hill & Pineapple Hill Estates Homes Status Address List Price Sold Price SP/LP Date Beds Baths Sq. Ft. Acres $/Sq. Ft. DOM Built Community SLD 712 Fairway Dr $3,300,000 $3,150,000 95 4/25/24 3 3 2,361 0.20 $1,334.18 77 1998 Pineapple Hill SLD 110 Woodrose Pl $5,900,000 $5,513,000 93 6/10/24 3 3.5 3,038 0.23 $1,814.68 133 2010 Pineapple Hill SLD 238 Crestview Rd $4,900,000 $4,750,000 97 6/14/24 4 4.5 4,121 0.47 $1,152.63 179 2007 Pineapple Hill Estates SLD 229 Crestvew Rd $7,495,000 $6,875,000 92 7/31/24 4 4 4,598 0.48 $1,495.22 209 2005 Pineapple Hill Estates 2024 Key Sales Stats | Pineapple Hill & Pineapple Hill Estates Land Pineapple Hill Land 2024 2023 2022 2021 2020 Number of Sales 1 1 5 2 1 Volume $985,000 $995,000 $5,787,000 $2,500,000 $950,000 Low SP $985,000 $995,000 $879,000 $1,195,000 $950,000 High SP $985,000 $995,000 $1,500,000 $1,305,000 $950,000 Median SP $985,000 $995,000 $1,090,000 $1,090,000 $950,000 Average SP $985,000 $995,000 $1,157,400 $1,250,000 $950,000 Average SP/Sq. Ft. $87 $100 $101 $62 $87 Average DOM 29 333 204 143 314 Average SP/LP 100 100 100 100 90 2024 Sales | Pineapple Hill Land Status Address List Price Sold Price SP/LP Date Acres DOM $/Sq. Ft. Community MLS SLD 1010 Sunset Pl $985,000 $985,000 100 5/24/24 0.26 29 $87 Pineapple Hill 401954 For more information on this offering or Homes for sale in Kapalua, please contact Courtney M. Brown, R(S) 56519

KAPALUA REAL ESTATE MARKET: 2024 IN REVIEW

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Tue, 11 Feb 2025 17:13:00 -1000

KAPALUA REAL ESTATE MARKET: 2024 IN REVIEW The view from Kapalua Bay Villa 23B3, an oceanfront residence, currently listed for sale Kapalua Condominiums: A five year sales history The Kapalua Resort 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. Kapalua Resort Condo Market* KAPALUA RESORT CONDOS 2024 2023 2022 2021 2020 2019 Number of Sales 25 22 62 145 40 61 Volume $64,408,000 $52,789,000 $145,775,500 $298,816,781 $68,617,500 $124,027,800 Low Sales Price $990,000 $1,250,000 $940,000 $600,000 $600,000 $595,000 High Sales Price $12,000,000 $8,200,000 $8,000,000 $13,295,000 $4,200,000 $7,950,000 Median $1,350,000 $1,725,000 $1,455,000 $1,220,000 $1,162,500 $1,050,000 Average SP $2,576,320 $2,399,500 $2,351,218 $2,060,805 $1,715,438 $2,033,242 Average SP/Sq. Ft. $1,461 $1,597 $1,470 $1,154 $1,000 $1,028 Average DOM 136 182 96 177 165 213 Average SP/LP 94 97 99 97 94 96 *Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale Over the last five years, Maui's real estate market has seen some dramatic swings: in 2019, the resort market was a seasonal market, with the peak activity occurring in winter/spring, when visitors are here on island. With travel restrictions in effect from March to October of 2020, there is a dip in activity. Once travel restrictions were lifted, the Kapalua Resort market saw a striking increase in condominium sales in 2021. As interest rates rose, and available properties decreased, we saw fewer sales in 2022. Sales were slower in the Kapalua Resort in 2023, which is to be expected in the wake of the devastating wildfires in Lahaina town in August. Of the 22 condo sales that occurred in the resort in 2023, only 3 took place between 8/9 and 12/31. In 2024, the resort market is slowly coming back, however, not to 2019 levels. This may be in part due to many factors: travel is below Pre-Covid numbers statewide, election years tend to be slow in general, rising insurance costs have resulted in increases in monthly association dues, and the Mayor's proposed ban on short term rentals in the apartment districts. This legislation would affect the Golf, Ridge and Bay Villas if it were to be passed. While 61 of the sales in the resort were one bedroom properties that averaged around the $1,100,000 mark, there were some notable exceptions including the sale at the Ridge Villas at $2,795,000 set a new a record high, the sale of a two-bedroom villa at the Bay Villas for $2,950,000 was the second highest in Bay Villa history, and a Montage Kapalua Bay four-bedroom residence closed at $12,000,000. Key Stats by Community How does the market in 2024 compare to prior years? Coconut Grove on Kapalua Bay View Coconut Grove Kapalua Condos for sale Coconut Grove 2024 2023 2022 2021 2020 2019 Sales 0 0 2 6 0 0 Volume 0 0 $10,990,000 29,000,000 0 0 Low SP NA NA $5,300,000 3,700,000 NA NA High SP NA NA $5,690,000 6,250,000 NA NA Median SP NA NA $5,495,000 $4,750,000 NA NA Average SP NA NA $5,495,000 4,833,333 NA NA Average SP/Sq. Ft NA NA $2,240 1,883 NA NA Average DOM NA NA 67 154 NA NA Average SP/LP NA NA 93 97 NA NA With just 36 condominium residences located on one of Maui's best beaches, it's not surprising that there isn't much activity. In 2022, there were just two sales at Coconut Grove. The low sale was significantly higher than in 2021. The reason for this discrepancy is that all sales in 2022 were oceanfront, while in 2021 there was a second-row, ocean-view sale. Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership. Kapalua Ironwoods* View Kapalua Ironwoods Condos for Sale Kapalua Ironwoods 2024 2023 2022 2021 2020 2019 Sales 2 0 4 5 4 1 Volume $8,575,000 0 $16,750,000 $17,020,000 $12,050,000 $2,300,000 Low SP $3,350,000 NA $2,300,000 $1,500,000 $1,150,000 $2,300,000 High SP $5,225,000 NA $6,250,000 $4,150,000 $4,200,000 $2,300,000 Median SP $4,287,500 NA $4,100,000 $4,020,000 $3,350,000 $2,300,000 Average SP $4,287,500 NA $4,187,500 $3,404,000 $3,012,500 $2,300,000 Average SP/Sq. Ft $1,913 NA $1,729 $1,634 $1,412 $1,065 Average DOM 184 NA 149 320 124 671 Average SP/LP 96 NA 95 92 88 93 *Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests. Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below. Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua. Since 2020 37.5 of the residences at the Ironwoods have changed hands. In 2022, the average sales price was buoyed by a record sale of a renovated oceanfront residence. The number of sales matched those in 2020. In 2023, there were no sales at the Ironwoods. In 2024, there were two sales: one an impeccably renovated ground floor two-bedroom ocean view residence at $3,350,000 and the other an updated three-bedroom oceanfront residence at $5,225,000. Kapalua Bay Villas View Kapalua Bay Villas Condos for Sale Kapalua Bay Villas 2024 2023 2022 2021 2020 2019 Sales 2 6 10 30 7 14 Volume $4,450,000 $9,994,000 $17,764,000 $41,089,500 $7,538,000 $15,032,500 Low SP $1,500,000 $1,399,000 $1,300,000 $755,000 $675,000 $800,000 High SP $2,950,000 $1,900,000 $3,200,000 $2,900,000 $1,900,000 $1,485,000 Median SP $2,225,000 $1,697,500 $1,437,500 $1,237,000 $1,000,000 $1,062,500 Average SP $2,225,000 $1,665,667 $1,776,400 $1,369,650 $1,076,857 $1,073,750 Average SP/Sq. Ft $1,710 $1,734 $1,496 $1,104 $876 $872 Average DOM 107 124 68 232 149 287 Average SP/LP 97 99 100 97 92 93 In 2023 the Bay Villas saw more condo sales than most complexes in Kapalua. It is noteworthy that it is the only property in the Kapalua Resort with direct oceanfront one-bedroom residences. All six sales in 2023 were one-bedroom condominiums. Of these sales, an oceanfront townhouse floor plan recorded at $1,900,000 which was the record for a one-bedroom residence. In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa which served to increase the average sales price. In 2024, the recording of Kapalua Bay Villa 15G1-3 at $2,950,000 marks the second highest sale in the complex's history, and the highest sale for a second row residence. The record remains the sale of 30B3-4 an oceanfront residence at $3,200,000 in 2022. The other sale was a one-bedroom ocean-view villa at $1,500,000. Kapalua Golf Villas View Kapalua Golf Villas Condos for Sale Kapalua Golf Villas 2024 2023 2022 2021 2020 2019 Sales 10 6 21 44 9 9 Volume $11,642,000 $9,355,000 $27,773,500 $42,071,750 $7,441,500 $14,446,603 Low SP $990,000 $1,250,000 $940,000 $600,000 $600,000 $595,000 High SP $1,550,000 $1,850,000 $1,949,000 $1,400,000 $1,200,000 $1,010,000 Median SP $1,125,000 $1,597,500 $1,215,000 $944,000 $745,000 $785,000 Average SP $1,164,200 $1,559,167 $1,332,548 $956,176 $826,833 $802,572 Average SP/Sq. Ft $1,157 $1,380 $1,205 $856 $749 $677 Average DOM 93 143 81 122 124 165 Average SP/LP 95 99 100 99 94 97 Like the Bay Villas, there were six sales at the Golf Villas in 2023. However, unlike the Bay Villas sales, which were all one-bedroom residences and no two-bedroom residences, the Golf Villas had three of each. The highest recorded sale in 2023 was $1,850,000, which is 5 below the record sale of a two-bedroom at $1,949,000 in 2022. In 2024, the Golf Villas saw more sales than any other condominium community in Kapalua. 9 of the 10 sales were one bedroom villas that ranged from $990,000 to $1,350,000, with a median of $1,100,000. Kapalua Ridge Villas View Kapalua Ridge Villas Condos for sale Kapalua Ridge Villas 2024 2023 2022 2021 2020 2019 Sales 6 4 11 28 8 6 Volume $9,501,000 $7,240,000 $15,554,000 $31,301,998 $8,776,500 $4,904,000 Low SP $1,000,000 $1,390,000 $1,250,000 $775,000 $650,000 $650,000 High SP $2,795,000 $2,225,000 $1,900,000 $1,700,000 $1,487,500 $1,100,000 Median SP $1,122,500 $1,812,500 $1,375,000 $1,097,000 $1,135,000 $780,000 Average SP $1,583,500 $1,810,000 $1,414,000 $1,117,929 $1,097,063 $817,333 Average SP/Sq. Ft $1,101 $1,315 $1,179 $813 $701 $653 Average DOM 108 78 65 165 222 263 Average SP/LP 91 99 100 97 96 98 The Ridge Villas is the lowest density of the Kapalua Villas properties (Bay, Golf and Ridge Villas). The condominium residences are here the largest of the three properties and the bulk of the 2023 sales were two-bedroom villas, which ranged from $1,750,000 to $2,250,000, which was the highest sale recorded in MLS for a Ridge Villa until 2024. In 2024, 1723, which was a fully permitted 3B/3B residence (this was a conversion of a 2B Villa into a 3B) set a new record high sale by more than $500,000, recording at $2,795,000. 4 of the 6 sales were one bedroom villas which ranged from $1,000,000 to $1,125,000 and had a median price of $1,115,500. Montage Residences Kapalua Bay View Montage Residences Kapalua Bay Condos for Sale Montage Kapalua Bay 2024 2023 2022 2021 2020 2019 Sales 4 4 10 27 9 21 Volume $28,750,000 $21,550,000 $49,605,000 $128,678,533 $28,939,000 $86,445,000 Low SP $4,200,000 $3,650,000 $3,000,000 $2,695,000 $2,750,000 $2,400,000 High SP $12,000,000 $8,200,000 $8,000,000 $13,295,000 $4,159,000 $7,950,000 Median SP $6,275,000 $4,850,000 $4,600,000 $4,145,000 $2,995,000 $3,595,000 Average SP $7,187,500 $5,387,500 $4,960,500 $4,765,872 $3,215,444 $4,116,429 Average SP/Sq. Ft $2,349 $2,074 $2,027 $1,742 $1,407 $1,556 Average DOM 197 513 151 152 170 173 Average SP/LP 95 97 97 98 99 97 In 2023, there were four sales at the Residences. While it may appear that the sale in 2023 was a record-breaking price for a three-bedroom residence, it should be noted that there were concessions made by the Seller for an upcoming special assessment for an exterior remediation project which resulted in a lower net price. In 2024 there were four sales at the Montage Residences Kapalua Bay:4201 a 3B/3.5B Hotel Residence at $4,200,002604 a 3B/3.5B Grand Residence at $5,800,0005503 a 3B/3.5B + Den Grand Residence at $6,750,0002201 a 4B/4.5B Grand Residence at $12,000,000 The four bedroom sale is below the record-high sale of $13,295,000 in 2021. With only eight ever built, these seldom come up, but when they do sell, they command a high price that does impact the average sales price and price per sq. ft. as they are directly oceanfront residences that often command a higher price. It also should be noted that the developer ceased sales in 2022, leaving just resales available in 2023. Ritz-Carlton Kapalua Residences View Ritz-Carlton Residences Kapalua Condos for Sale Ritz-Carlton Residences 2024 2023 2022 2021 2020 2019 Sales 1 2 4 5 3 1 Volume $1,490,000 $4,645,000 $7,429,000 $9,655,000 $3,872,500 $900,000 Low SP $1,490,000 $1,550,000 $990,000 $945,000 $735,000 $900,000 High SP $1,490,000 $3,100,000 $2,800,000 $2,800,000 $2,300,000 $900,000 Median SP $1,490,000 $2,325,000 $1,820,000 $1,800,000 $837,500 $900,000 Average SP $1,490,000 $2,325,000 $1,857,250 $1,931,000 $1,290,833 $900,000 Average SP/Sq. Ft $1,709 $1,932 $1,557 $1,446 $1,065 $1,034 Average DOM 454 255 161 448 216 203 Average SP/LP 90 88 102 97 88 92 In 2024, there was just one sale of a one bedroom residence at the Ritz-Carlton Residences. KAPALUA RESORT RESIDENTIAL MARKET UPDATE: Homes and Land Sales in 2024 94 Keoawa is a home for sale in Honolua Ridge listed at $10,800,000. Photography by Archer Shoots. 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. Homes 2024 2023 2022 2021 2020 2019 Number of Sales 7 11 14 29 17 18 Volume $79,738,000 $55,430,000 $74,700,000 $144,197,500 $90,787,000 $47,954,020 Low SP $3,150,000 $2,975,000 $2,750,000 $2,062,500 $1,600,000 $1,489,020 High SP $26,450,000 $7,680,000 $7,900,000 $15,000,000 $24,000,000 $6,000,000 Median SP $6,875,000 $4,400,000 $5,200,000 $4,150,000 $3,500,000 $2,575,000 Average SP $11,391,143 $5,039,091 $5,335,714 $4,972,327 $5,240,411 $2,664,112 Average SP/Sq. Ft. $1,986 $1,241 $1,112 $982 $1,063 $715 Average DOM 190 165 193 227 151 270 Average SP/LP 93 93 97 94 91 92 In 2023, there were 11 home sales. All but two were in Pineapple Hill and Pineapple Hill Estates. In 2024, the market saw four sales in Pineapple Hill & Pineapple Hill Estates, one sale in Plantation Estates at a record $16,000,000, one at Kapalua Place at $17,000,000 and 9 Bay Drive at $26,450,000. KAPALUA HOME SALES BY COMMUNITY: 2024 and a 5 Year Overview PINEAPPLE HILL & PINEAPPLE HILL ESTATES View Pineapple Hill & Pineapple Hill Estates Homes for sale Pineapple Hill Homes 2024 2023 2022 2021 2020 2019 Number of Sales 4 9 7 15 10 15 Volume $20,288,000 $41,750,000 $35,575,000 $46,012,500 $27,187,000 $35,834,020 Low SP $3,150,000 $4,150,000 $2,750,000 $2,062,500 $1,600,000 $1,489,020 High SP $6,875,000 $6,450,000 $7,900,000 $4,850,000 $3,750,000 $3,200,000 Median SP $5,131,500 $4,300,000 $4,825,000 $2,700,000 $2,625,000 $2,300,000 Average SP $5,072,000 $4,638,889 $5,082,142 $3,067,500 $2,718,700 $2,388,935 Average SP/Sq. Ft. $1,449 $1,219 $1,023 $768 $696 $692 Average DOM 150 154 134 160 137 262 Average SP/LP 94 94 96 95 95 94 Pineapple Hill remains one of Kapalua's most popular communities. Comprised of two phases, Pineapple Hill and Pineapple Hill Estates, amenities in this gated community include a pool, tennis & pickleball courts and an owner pavilion. Two sales occurred in phase one, Pineapple Hill, and two in the second phase, Pineapple Hill Estates, which was annexed in to Pineapple Hill in 2001. Sales prices ranged from $3,150,000 for a 2361 sq. ft. three-bedroom residence on the Bay Course to $6,875,000 for a 4598 sq. ft. four-bedroom ocean view residence with an infinity pool. PLANTATION ESTATES AT KAPALUA HOMES View Plantation Estates Homes for Sale Plantation Estates Homes 2024 2023 2022 2021 2020 2019 Number of Sales 1 1 4 6 3 1 Volume $16,000,000 $7,680,000 $24,225,000 $32,635,000 $13,850,000 $6,000,000 Low SP $16,000,000 $7,680,000 $5,425,000 $4,025,000 $3,750,000 $6,000,000 High SP $16,000,000 $7,680,000 $7,500,000 $10,100,000 $5,650,000 $6,000,000 Median SP $16,000,000 $7,680,000 $5,650,000 $4,490,000 $4,490,000 $6,000,000 Average SP $16,000,000 $7,680,000 $6,056,250 $5,439,167 $4,616,667 $6,000,000 Average SP/Sq. Ft. $1,947 $1,266 $920 $933 $1,006 $972 Average DOM 213 42 306 258 70 215 Average SP/LP 90 97 96 93 92 81 HONOLUA RIDGE HOMES View Honolua Ridge Homes for sale Honolua Ridge Homes 2024 2023 2022 2021 2020 2019 Number of Sales 0 0 1 4 1 2 Volume NA NA $5,300,000 $25,500,000 $3,850,000 $6,120,000 Low SP NA NA $5,300,000 $5,000,000 $3,850,000 $2,850,000 High SP NA NA $5,300,000 $8,700,000 $3,850,000 $3,270,000 Median SP NA NA $5,300,000 $5,900,000 $3,850,000 $3,060,000 Average SP NA NA $5,300,000 $6,375,000 $3,850,000 $3,060,000 Average SP/Sq. Ft. NA NA $1,493 $1,175 $1,306 $750 Average DOM NA NA 95 276 40 352 Average SP/LP NA NA 97 94 91 89 MAHANA ESTATES HOMES View Mahana Estates Homes Mahana Estates Homes 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 2 1 1 0 Volume NA $6,000,000 $9,600,000 $5,250,000 $6,400,000 NA Low SP NA $6,000,000 $4,750,000 $5,250,000 $6,400,000 NA High SP NA $6,000,000 $4,850,000 $5,250,000 $6,400,000 NA Median SP NA $6,000,000 $4,800,000 $5,250,000 $6,400,000 NA Average SP NA $6,000,000 $4,800,000 $5,250,000 $6,400,000 NA Average SP/Sq. Ft. NA $1,416 $1,617 $1,229 $1,098 NA Average DOM NA 379 224 52 88 NA Average SP/LP NA 86 100 99 77 NA KAPALUA PLACE & OCEANFRONT HOMES Oceanfront Homes 2024 2023 2022 2021 2020 2019 Number of Sales 2 0 0 3 2 0 Volume $43,450,000 0 0 $34,800,000 $39,500,000 0 Low SP $17,000,000 NA NA $8,700,000 $15,500,000 NA High SP $26,450,000 NA NA $15,000,000 $24,000,000 NA Median SP $21,725,000 NA NA $11,100,000 $19,750,000 NA Average SP $21,725,000 NA NA $11,600,000 $19,750,000 NA Average SP/Sq. Ft. $3,079 NA NA $1,809 $3,975 NA Average DOM 261 NA NA 489 425 NA Average SP/LP 93 NA NA 93 79 NA There is just one remaining oceanfront lot in Kapalua located at Kapalua Place (between the Bay Villas and the Ironwoods), which sold in 2024 for $8,750,000. It will likely soon be developed. With just eight oceanfront parcels that are part of the resort, it's not uncommon to see few sales. 2024 saw two sales: 9 Bay Drive, which closed at $26,450,000 and 7 Kapalua Place, which closed at $17,000,000. View Kapalua Place and Kapalua Oceanfront homes for sale KAPALUA LAND SALES BY COMMUNITY: 2024 and a 5 Year Overview Kapalua Resort Land 2024 2023 2022 2021 2020 2019 Number of Sales 4 4 20 58 8 2 Volume $13,175,000 $4,970,000 $32,839,500 $65,265,000 $13,925,000 $3,150,000 Low SP $985,000 $995,000 $845,000 $700,000 $850,000 $1,300,000 High SP $8,750,000 $1,525,000 $3,700,000 $2,600,000 $8,000,000 $1,850,000 Median SP $1,720,000 $1,225,000 $1,450,000 $982,500 $837,500 $1,575,000 Average SP $3,293,750 $1,242,500 $1,641,975 $1,135,259 $1,740,625 $1,575,000 Average SP/Sq. Ft. $63 $33 $38 $17 $32 $23 Average DOM 56 279 202 178 284 60 Average SP/LP 97 87 96 95 89 100 In 2024, there were just four vacant land sales that were part of the resort: a lot in Pineapple Hill, two in Mahana Estates and an oceanfront homesite at Kapalua Place that closed at $8,750,000. It should be noted that there was another parcel to close within the MLS district of Kapalua, a lot that was 4 acres but not buildable, purchased by neighbors for view protection. It closed at $1,425,000. Pineapple Hill & Pineapple Hill Estates Land View Pineapple Hill & Pineapple Hill Estates Land for Sale Pineapple Hill Land 2024 2023 2022 2021 2020 2019 Number of Sales 1 1 5 2 1 0 Volume $985,000 $995,000 $5,787,000 $2,500,000 $950,000 0 Low SP $985,000 $995,000 $879,000 $1,195,000 $950,000 NA High SP $985,000 $995,000 $1,500,000 $1,305,000 $950,000 NA Median SP $985,000 $995,000 $1,090,000 $1,090,000 $950,000 NA Average SP $985,000 $995,000 $1,157,400 $1,250,000 $950,000 NA Average SP/Sq. Ft. $87 $100 $101 $62 $87 NA Average DOM 29 333 204 143 314 NA Average SP/LP 100 100 100 100 90 NA It is not surprising to see so few sales in Pineapple Hill. There are very few vacant lots left, as the majority of the community has been built out. Plantation Estates Land View Plantation Estates Land for Sale Plantation Estates Land 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 4 5 2 0 Volume NA 1 $7,545,000 $7,965,000 $1,700,000 0 Low SP NA $1,525,000 $845,000 $975,000 $800,000 NA High SP NA $1,525,000 $3,700,000 $2,600,000 $900,000 NA Median SP NA $1,525,000 $1,500,000 $1,400,000 $850,000 NA Average SP NA $1,525,000 $2,272,500 $1,593,000 $850,000 NA Average SP/Sq. Ft. NA $17 $18 $15 $9 NA Average DOM NA 409 407 226 53 NA Average SP/LP NA 76 88 97 81 NA Mahana Estates Land View Mahana Estates Land for Sale Mahana Estates Homes 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 2 1 1 0 Volume NA $6,000,000 $9,600,000 $5,250,000 $6,400,000 NA Low SP NA $6,000,000 $4,750,000 $5,250,000 $6,400,000 NA High SP NA $6,000,000 $4,850,000 $5,250,000 $6,400,000 NA Median SP NA $6,000,000 $4,800,000 $5,250,000 $6,400,000 NA Average SP NA $6,000,000 $4,800,000 $5,250,000 $6,400,000 NA Average SP/Sq. Ft. NA $1,416 $1,617 $1,229 $1,098 NA Average DOM NA 379 224 52 88 NA Average SP/LP NA 86 100 99 77 NA Mahana Estates is Kapalua Resort's newest residential offering. CC&Rs allow for more contemporary design which makes it a popular choice. Honolua Ridge Land View Honolua Ridge Land for Sale Honolua Ridge Land 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 6 9 1 0 Volume NA $1,200,000 $11,837,500 $13,365,000 $850,000 0 Low SP NA $1,200,000 $1,163,000 $805,000 $850,000 NA High SP NA $1,200,000 $2,795,000 $2,000,000 $850,000 NA Median SP NA $1,200,000 $1,962,500 $1,300,000 $850,000 NA Average SP NA $1,200,000 $1,972,917 $1,485,000 $850,000 NA Average SP/Sq. Ft. NA $7 $7 $7 $5 NA Average DOM NA 206 133 227 360 NA Average SP/LP NA 75 97 92 95 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 Condos, Homes and Land for Sale 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. *Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort. It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort. Stats on other sites may pull different data if not excluding these areas.

Maui Real Estate Statistics: Year End 2024

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 17 Jan 2025 12:46:00 -1000

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. The Year End MAUI Real Estate Statistics for 2024 report notes: U.S. existing-home sales improved for the second consecutive month, rising 4.8 to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, according to the National Association of REALTORS® (NAR). Sales were up 6.1 compared to the same time last year, marking the largest year-over-year increase since June 2021. Economists had forecast existing-home sales would come in at an annual rate of 4.07 million units for the month. New Listings increased 13.4 percent for Single Family homes but decreased 7.7 percent for Condominium homes. Pending Sales decreased 32.8 percent for Single Family homes and 24.4 percent for Condominium homes. Inventory increased 63.2 percent for Single Family homes and 105.3 percent for Condominium homes. Median Sales Price increased 14.5 percent to $1,374,238 for Single Family homes and 1.2 percent to $860,000 for Condominium homes. Days on Market increased 34.4 percent for Single Family homes and 18.2 percent for Condominium homes. Months Supply of Inventory increased 67.6 percent for Single Family homes and 151.0 percent for Condominium homes. Total housing inventory stood at 1.33 million units heading into December, a 2.9 decrease from the previous month but a 17.7 increase year-over-year, for a 3.8-month supply at the current sales pace. Inventory remains below the 5 – 6 months’ supply of a balanced market, and the limited number of homes for sale continues to put upward pressure on sales prices nationwide, with NAR reporting a median existing-home price of $406,100, a 4.7 increase from one year earlier. MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES* Active Listings: 367 homes from $489,900 in Keanae to $75,000,000 for Hana Ranch, followed by $33,900,000 for a home for sale in Makena. Pending: 93 homes from $630,000 for a home in Wailuku to $9,975,000 for a home in Kula.Sold (2024): 704 homes from $405,000 in Haiku to $38,500,000 for a home in Maluhia. The median sale price is $1,341,000 and the average is $1,880,153. MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings: 655 condos listed from $193,000 for a condo in Kahului to $17,500,000 for a condominium residence at Wailea PointPending: 64 condos pending, ranging from $305,000 for a condo in Wailuku to $13,900,000 condo at Wailea Point.Sold (2024): 824 condos sold, ranging from $95,000 to $22,000,000 for a condo at Discovery's Makena Golf and Beach Club. This continued increase in listing inventory and leveling off in pending sales is likely attributable to the proposed changes to Maui County's Short Term Rental rules and regulations. MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES Active Listings: 131 parcels from $325,000 in Kahului to $12,500,000 for a home site at Maluaka in MakenaPending: 24 lots from $449,000 in Kula to $11,750,000 located at Kai Ala Place, the only beachfront residential properties in Kaanapali.Sold (2024): 150 parcels which sold anywhere from $175,000 in Haiku to two parcels each selling at $11,700,000 as part of Discovery's Makena Golf and Beach Club. *Molokai and Lanai are not included in the above-written summaries, although they are a part of Maui County. This data is taken from the MLS on the date of this post, 1/17/25 Read the full report and see how it compares to prior years here: Maui Real Estate Statistics

Market Spotlight: Ironwoods 62

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 13 Jun 2024 14:04:00 -1000

Market Spotlight: Kapalua Ironwoods 62 Beautifully Remodeled Ocean View Condominium Residence for Sale An aerial view of the Ironwoods, overlooking Kapalua Bay Course and Oneloa Bay to the South The Ironwoods is a small gated community comprised of just 10 buildings, each with four residences (in building 9, the two top floor residences were combined to make one larger residence). Each residence has a detached garage, a rarity for oceanfront condominiums on Maui. Amenities at the gated Ironwoods community include a fitness center, recreation room, solar heated swimming pool and spa, as well as tennis courts and an onsite resident manager. Ironwoods 62 Upgrades and Finishes Incomparable and casually elegant, this stylish and spacious single-level rare gem enjoys pleasing ocean and golf course views. This residence was literally taken down to the bare studs and then fully and artfully recreated. Custom Features include Summit Peak Shenandoah white oiled oak flooring throughout, custom Schuler cabinetry in kitchen and baths with soft closing mechanisms, roll outs, and polished chrome cup and pull hardware, Monte Cristo honed finish granite counter tops with a 2.25” mitered edge in kitchen, dry bar, bathrooms, and entry ledge. The Bosch kitchen appliance package includes built-in oven with multi-function steam oven, 36” Smart induction cook top with integrated exhaust hood, top of the line Benchmark series dishwasher with leak detection, Smart double door refrigerator with center pull out drawer and lower freezer drawer. Rounding out the appliance package are a mini Wolf undercounter oven, GE Profile beverage center, and Smart Bosch Series 800 washer dryer, also with leak detection. Plumbing fixtures include HansGrohe faucets and shower controls, Kohler sinks, and Grohe towel bars and hooks. To ensure energy efficiency and comfort, all of the windows were replaced with Pella Lifestyle double pane windows, and the spacious Lanai off the main living area is graced with a custom 8’9” high by 8’ wide vanishing pocket door system. The primary bath boasts a custom granite clad Smart Steam shower with L shaped sit down bench, rain shower head as well as a hand held shower wand. Further complimenting the package is a new Smart Daiken One HVAC system and ducting, new electrical and new plumbing throughout, Armstrong “Safe and Sound” insulation in ceilings, interior and exterior walls, new ceiling fans in Living room, Ohana room, Primary and Guest suites, new ELCO 4” square LED path and art lighting throughout with dimmer switches and Décor screwless faceplates, Hinkley lite fixtures in Kitchen, entry, and art hall gallery. Add to that, a new Rheem Gladiator smart water heater and recirculating pump with automatic leak detection and shut off, custom Levolor and Bali window coverings in Living room, Ohana room, and Primary and Guest suites, Custom California Closet build outs in Primary and Guest suites with soft close drawers and laundry hampers in Primary closet. Also new interior doors throughout with Baldwin hardware, new casings, and floor base moldings. All ceilings and walls are finished to a custom level 5 smooth coat finish, and new random stone quartzite installed on all three lanais. . . and so much more, including the added bonus that Ironwoods 62 has a private one car enclosed garage and a direct level walk in entry with no stairs . . . a rarity in Kapalua All situated on 9.2 lushly landscaped acres, with access to the beach at Oneloa Bay. There is a side gate adjacent to building 6 with easy access to the dining and spa at Ritz-Carlton, Kapalua and the walking paths. The Ironwoods enjoys a wonderful location at the heart of the Kapalua Resort. Included in this offering is an inventory of exquisite furnishings and the Sellers are offering to pay the initiation fee to the Kapalua Club for 2024, which provides activities and a sense of community for Kapalua Resort property owners. Compare recent Kapalua Ironwood Sales View Current Kapalua Ironwoods for Sale:

Market Spotlight: Kapalua Bay Villas

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 30 May 2024 16:40:00 -1000

Introducing Kapalua Bay Villa 37B2-4, Kapalua Resort, Maui Where are the Kapalua Bay Villas located? Situated along the dramatic West Maui coastline, you'll find the Kapalua Bay Villas. The Kapalua Bay Villas has long been one of the Kapalua Resort’s favorite condominium communities. Consisting of 141 residences in 27 buildings, the Bay Villas are situated on 16.5 oceanfront acres in the heart of the Kapalua Resort. Built in 1977, the floorplans include spacious single-level living as well as townhouse-style one and two bedroom residences. The oceanfront and ocean view villas overlook the Pacific ocean and the Kapalua coastline, with direct beach access to Oneloa Bay. Amenities in this gated community include 3 swimming pools and two tennis courts. How is the market at the Kapalua Bay Villas? At the time of this post, there are five active listings ranging from $1,399,000 to $3,400,000There have been two sales Year to Date: 15G1-3, a 2B/3B residence that recorded at $2,950,00014G2, a 1B/1B residence that recorded at $1,500,000 Below is a chart of sales information for condos at the Kapalua Bay Villas from 2019 thru Q1 2024. Kapalua Bay Villas Q1 2024 2023 2022 2021 2020 2019 Sales 1 6 10 30 7 14 Volume $2,950,000 $9,994,000 $17,764,000 $41,089,500 $7,538,000 $15,032,500 Low SP $2,950,000 $1,399,000 $1,300,000 $755,000 $675,000 $800,000 High SP $2,950,000 $1,900,000 $3,200,000 $2,900,000 $1,900,000 $1,485,000 Median SP $2,950,000 $1,697,500 $1,437,500 $1,237,000 $1,000,000 $1,062,500 Average SP $2,950,000 $1,665,667 $1,776,400 $1,369,650 $1,076,857 $1,073,750 Average SP/Sq. Ft $1,929 $1,734 $1,496 $1,104 $876 $872 Average DOM 84 124 68 232 149 287 Average SP/LP 99 99 100 97 92 93 Featured Residence: Kapalua Bay Villa 37B2-4 Nestled along the Kapalua coast, this single level two bedroom enjoys an ideal location at the Bay Villas. As you step into this beautifully designed residence, you are greeted by breathtaking views of the Pacific Ocean and open greenspace. The spacious open floor plan seamlessly blends indoor and outdoor living, with expansive sliding glass doors that lead to three private lanais, perfect for enjoying spectacular sunsets and gentle ocean breezes. The interior boasts beautiful finishes, custom cabinetry and countertops, stainless steel appliances, and updated flooring. The spacious primary suite offers a peaceful sanctuary with a private lanai, spa-like en-suite bathroom, complete with a soaking tub and walk-in shower. The Bay Villas offers access to onsite pools, tennis courts, and direct beach access to Oneloa Bay. In the Kapalua Resort, there are world-class amenities, including championship golf courses, tennis courts, incredible restaurants, and the nearby Spa Montage. A bright and airy residence, this is a rare offering of a single story two bedroom residence located on the second floor of the villas. Having no stairs to access or in the villa, it is a desirable floor plan for many, and only six of these floor plans were constructed at the Bay Villas. This residence features an updated kitchen, with a view out toward the ocean and looking over Hawea Point. Stainless steel appliances create a more contemporary feel. The dining room and large lanai provide ample space for entertaining, all while taking in Maui's beautiful sunsets. Oriented to the South West, this residence is sheltered from the prevailing tradewinds. The bedroom suites are on each side of the lanai. Both feature updated bathrooms, as well as private lanais. For more information, please contact Courtney with any questions about this listing or the KapaluaResort real estate market. Kapalua Bay Villas Condos for Sale

Maui's Resort Areas: a Nine Month Review of the Market

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Fri, 10 May 2024 17:47:00 -1000

Maui's Resort Areas: a 9 Month Review of the Market for Condos and Homes How the past nine months compare with the same period in the prior year Maui has been slowly recovering in the wake of the tragic fire of August 8, 2023. Many buyers and sellers have asked me how the market is doing, so I've compiled some data for both condominium and home sales by area comparing the period from 8/8/23-5/8/24 with the same period in 22-23. West and South Maui Condo Sales The statistics show that sales are down primarily in West Maui, with the condominium market in Kapalua hit the hardest, with number of sales down -66 and dollar volume down 49. with uncertainty regarding the future of Short Term Rentals in the apartment zone, we are seeing more sales at hotel-zoned properties. Kaanapali has more hotel-zoned properties (like Honua Kai, Whaler, Alii, and Mahana) at lower prices than Kapalua, which has the Montage Residences, Kapalua Bay and the Ritz-Carlton, Kapalua, which command higher sales prices. However, while it appears that condo sales are up in Wailea & Makena, and subsequently, South Maui, they are actually down -19 if you remove the new developer sales. It's important to note that two developments began closing in 2022-2023 (Paradise Ridge in Kihei and Makena Golf & Beach Club). In 2023-204, we continued to see new sales recording at Makena Golf & Beach Club and at Lai Loa. In the last 9 months, there were 55 sales at Lai Loa and 13 at Makena GBC. This amounts to 60 of the Wailea/Makena condo sales. The low sales price was $1,519,250 and the high was $13,000,000. The total sales volume at these two complexes was $291,586,280 or 60 of the total dollar volume. It also impacts stats such as days on market, as they typically will go under contract pre-construction. That is why the average days on market for this period for all of Wailea/Makena is 620, but if the new development is removed, it is actually 95. It is also important to note where we are seeing the majority of the sales activity. In the last nine months, the bulk of the condo sales (96) in West Maui are under $3,000,000. In fact, 62 were under $1M, 29 from $1-2M, and 5 from $2-3M. In West Maui, there was only one sale over $5M, a Montage Residence at Kapalua Bay that closed at $12M In South Maui those stats are a bit different due to the new developments, with 88 under $3M and 12 from $3-13M. I expect we may see a slowing of sales in the condominium market in the next quarter, particularly in those areas not zoned hotel, on the heels of the Mayor's announcement of a bill to phase out short term rentals in apartment zones. This affects more than 7000 properties that currently rent legally under Chapter 19.12.020 of the County Code. Read More about the proposed legislation that is impacting Maui's Short Term Rentals Volume () of Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui 657 610 -7 West Maui 273 188 -31 South Maui 384 422 10 Maalaea 33 27 -18 Kihei 286 279 -2 Wailea Makena 65 116 78 Wailea (exclude new dev) 57 46 -19 Lahaina 56 2 -96 Kaanapali 62 59 -5 Napili/Kahana/Honokowai 126 117 -7 Kapalua 29 10 -66 Volume ($) Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $807,171,395 $964,984,382 20 West Maui $313,600,610 $214,749,408 -32 South Maui $493,570,785 $732,114,974 48 Maalaea $23,137,500 $20,138,580 -13 Kihei $245,201,236 $257,362,116 5 Wailea Makena $225,232,049 $454,614,278 102 Wailea (exclude new dev) $135,857,149 $163,027,998 20 Lahaina $59,165,500 $235,000 -100 Kaanapali $94,589,500 $96,732,250 2 Napili/Kahana/Honokowai $96,646,610 $85,785,158 -11 Kapalua $63,199,000 $31,997,000 -49 Median Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change West & South Maui $852,500 $915,000 7 West Maui $885,000 $827,500 -6 South Maui $831,250 $959,500 15 Maalaea $709,000 $701,000 -1 Kihei $794,000 $800,000 1 Wailea Makena $2,050,000 $2,662,275 30 Wailea (exclude new dev) $1,795,000 $2,800,000 56 Lahaina $850,000 $117,500 -86 Kaanapali $1,346,250 $1,500,000 11 Napili/Kahana/Honokowai $755,000 $689,000 -9 Kapalua $1,675,000 $2,297,500 37 Low Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM * $160,000 $95,000 -41 West Maui * $160,000 $95,000 -41 South Maui *** $345,000 $239,000 49 Maalaea *** $390,000 $326,000 -16 Kihei ** $390,000 $239,000 -39 Wailea Makena $1,095,000 $999,999 -9 Wailea (exclude new dev) $1,095,000 $999,999 -9 Lahaina* $330,000 $95,000 -71 Kaanapali *** $380,000 $475,000 25 Napili/Kahana/Honokowai *** $160,000 $210,000 31 Kapalua $655,000 $750,000 15 High Condo Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $13,000,000 $13,000,000 0 West Maui $6,250,000 $12,000,000 92 South Maui $13,000,000 $13,000,000 0 Maalaea $1,225,000 $1,350,000 10 Kihei $2,400,000 $2,400,000 0 Wailea Makena $13,000,000 $13,000,000 0 Wailea (exclude new dev) $11,575,000 $11,750,000 2 Lahaina $4,875,000 $140,000 -97 Kaanapali $5,525,000 $4,625,000 -16 Napili/Kahana/Honokowai $2,300,000 $1,950,000 -15 Kapalua $6,250,000 $12,000,000 92 Avg Days on Market Condo Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 121 187 55 West Maui 94 97 3 South Maui 141 227 61 Maalaea 66 64 -3 Kihei 145 79 -46 Wailea Makena 161 620 285 Wailea (exclude new dev) 96 95 -1 Lahaina 73 85 16 Kaanapali 62 102 65 Napili/Kahana/Honokowai 88 92 5 Kapalua 140 127 -9 Condo Sales by Price Range of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 159 116 -27 $1,000,001-2,000,000 88 55 -38 $2,000,001-3,000,000 17 10 -41 $3,000,001-4,000,000 2 3 50 $4,000,001-5,000,000 4 3 -25 $5,000,001-6,000,000 2 0 -100 $6,000,001-7,000,000 1 0 -100 $7,000,001-8,000,000 0 0 -- $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 0 0 -- $10,000,001+ 0 1 100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 254 229 -10 $1,000,001-2,000,000 90 103 14 $2,000,001-3,000,000 22 40 82 $3,000,001-4,000,000 2 22 1000 $4,000,001-5,000,000 5 5 0 $5,000,001-6,000,000 1 2 100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 0 3 300 $8,000,001-9,000,000 0 1 100 $9,000,001-10,000,000 1 5 400 $10,000,001+ 8 9 13 West and South Maui: Home Sales In West Maui, 73 of the home sales were under $3M, with the largest percentage in the $1-2M range. In South Maui, the figure was higher for homes under $3M at 84. That said in West Maui, there were only 3 sales over $5M and in South Maui, there were 9 sales over $5M. It is not surprising to see sales in the lower end of the market, as some of those who received insurance payouts opted to relocate. Lower priced inventory was harder to come by and home sales ( of Sales) was down everywhere except Wailea and Makena, where sales were up 11. In terms of Volume of sales ($) both Wailea and Makena were up, as was Napili/Kahana/Honokowai, which has more affordable housing than the resort areas of Kaanapali and Kapalua. It should be noted that Lahaina also includes the areas of Launiupoko and Olowalu. The sales in Lahaina these last nine months, were largely in Launiupoko (15), though there were 2 sales up in Kelawea which were out of the burn zone. Volume () of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 196 163 -17 West Maui 79 55 -30 South Maui 117 108 -8 Maalaea 0 1 100 Kihei & Maui Meadows 86 87 1 Wailea Makena 18 20 11 Launiupoko 14 13 -7 Lahaina 38 17 -55 Kaanapali 11 11 0 Napili/Kahana/Honokowai 23 23 0 Kapalua 6 4 -33 Volume ($) of Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $514,413,413 $389,186,422 -24 West Maui $229,264,222 $141,335,466 -38 South Maui $285,149,191 $247,850,956 -13 Maalaea $0 $2,933,006 -- Kihei & Maui Meadows $110,807,700 $135,060,000 22 Wailea Makena $142,618,491 $109,857,950 -23 Launiupoko $69,803,758 $42,314,500 -39 Lahaina $106,818,723 $47,880,250 -55 Kaanapali $50,390,000 $36,555,000 -27 Napili/Kahana/Honokowai $33,130,499 $37,300,216 13 Kapalua $36,825,000 $19,600,000 -47 Median Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $1,410,000 $1,695,000 20 West Maui $1,800,000 $2,000,000 11 South Maui $1,250,000 $1,482,500 19 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,095,000 $1,375,000 26 Wailea Makena $4,781,000 $3,745,000 -22 Launiupoko $3,950,000 $3,087,000 -22 Lahaina $1,665,000 $2,995,000 80 Kaanapali $2,850,000 $2,700,000 -5 Napili/Kahana/Honokowai $1,529,000 $1,690,000 11 Kapalua $5,787,500 $5,000,000 -14 Average Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $2,624,598 $2,387,646 -9 West Maui $2,902,078 $2,569,735 -11 South Maui $2,437,172 $2,294,916 -6 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $1,288,461 $1,552,413 20 Wailea Makena $7,923,249 $5,492,897 -31 Launiupoko $4,985,982 $3,254,961 -35 Lahaina $2,811,019 $2,816,485 0 Kaanapali $4,580,909 $3,323,181 -27 Napili/Kahana/Honokowai $1,440,456 $1,621,748 13 Kapalua $6,137,500 $4,900,000 -20 Low Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $450,000 $693,500 54 West Maui $450,000 $750,000 67 South Maui $450,000 $693,500 54 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $450,000 $693,500 54 Wailea Makena $2,200,000 $1,930,000 -12 Launiupoko $1,680,000 $1,600,000 -5 Lahaina $450,000 $855,750 90 Kaanapali $1,900,000 $1,860,000 -2 Napili/Kahana/Honokowai $700,000 $750,000 7 Kapalua $4,150,000 $3,150,000 -24 High Home Sales Price 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM $32,673,491 $18,500,000 -43 West Maui $20,750,000 $6,450,000 -69 South Maui $32,673,491 $18,500,000 -43 Maalaea NA $2,933,006 -- Kihei & Maui Meadows $10,000,000 $4,000,000 -60 Wailea Makena $32,673,491 $18,500,000 -43 Launiupoko $9,750,000 $5,000,000 -49 Lahaina $9,750,000 $5,000,000 -49 Kaanapali $20,750,000 $5,350,000 -74 Napili/Kahana/Honokowai $2,450,000 $2,150,000 -12 Kapalua $7,900,000 $6,450,000 -18 Average Days on Market: Home Sales 8/8/22-5/8/23 8/8/23-5/8/24 Change WM & SM 119 110 -8 West Maui 126 132 5 South Maui 115 99 -14 Maalaea NA 0 -- Kihei & Maui Meadows 117 92 -21 Wailea Makena 119 134 13 Launiupoko 154 175 14 Lahaina 127 163 28 Kaanapali 170 155 -9 Napili/Kahana/Honokowai 91 84 -8 Kapalua 159 216 36 Homes of Sales (West Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 12 4 -67 $1,000,001-2,000,000 35 24 -31 $2,000,001-3,000,000 9 12 33 $3,000,001-4,000,000 8 6 -25 $4,000,001-5,000,000 1 6 500 $5,000,001-6,000,000 5 2 -60 $6,000,001-7,000,000 1 1 0 $7,000,001-8,000,000 3 0 -100 $8,000,001-9,000,000 3 0 -100 $9,000,001-10,000,000 1 0 -100 $10,000,001+ 1 0 -100 of Sales (South Maui) 8/8/22-5/8/23 8/8/23-5/8/24 Change <$1,000,000 32 16 -50 $1,000,001-2,000,000 56 56 0 $2,000,001-3,000,000 12 21 75 $3,000,001-4,000,000 6 6 0 $4,000,001-5,000,000 1 3 200 $5,000,001-6,000,000 3 0 -100 $6,000,001-7,000,000 1 3 200 $7,000,001-8,000,000 1 0 -100 $8,000,001-9,000,000 0 0 -- $9,000,001-10,000,000 1 3 200 $10,000,001+ 4 3 -25 Note: This information is taken from the Maui MLS as of 5/10/24. While care is taken to compile this information, it is not guaranteed and subject to change and some information may be entered at a later date. Any interested party should do their own due diligence. These are small statistical samples and can swing wildly by a low or high sale. If you have questions, please contact Courtney.

Kapalua Resort Market Update Q1 2024

cb@luxuryrealestatemaui.com (Courtney M. Brown) — Thu, 04 Apr 2024 15:07:00 -1000

KAPALUA MARKET UPDATE: Q1 2024 The view from Ironwoods 62, a highly upgraded ocean view residence, currently listed for sale Kapalua Condominiums: Q1 2024 and a historical summary of sales The Kapalua Resort 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. Kapalua Resort Condo Market* KAPALUA RESORT CONDOS Q 1 2024 2023 2022 2021 2020 2019 Number of Sales 2 22 62 145 40 61 Volume $5,745,000 $52,789,000 $145,775,500 $298,816,781 $68,617,500 $124,027,800 Low Sales Price $2,795,000 $1,250,000 $940,000 $600,000 $600,000 $595,000 High Sales Price $2,950,000 $8,200,000 $8,000,000 $13,295,000 $4,200,000 $7,950,000 Median $2,872,500 $1,725,000 $1,455,000 $1,220,000 $1,162,500 $1,050,000 Average SP $2,872,500 $2,399,500 $2,351,218 $2,060,805 $1,715,438 $2,033,242 Average SP/Sq. Ft. $1,700 $1,597 $1,470 $1,154 $1,000 $1,028 Average DOM 80 182 96 177 165 213 Average SP/LP 98 97 99 97 94 96 *Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale Sales were slower in the Kapalua Resort in the latter half of 2023, which is to be expected in the wake of the devastating wildfires in Lahaina town in August. Historically, the resort is largely a second home market and market activity tends to be greatest in the peak travel seasons of winter/spring. In 2024, sales continued to be slow, with just two recording in the first quarter. That said, the sale at the Ridge Villas set a new a record high, and the sale at the Bay Villas was the second highest in Bay Villa history. Key Stats by Community How does the market in Q1 2024 compare to prior years? Coconut Grove on Kapalua Bay View Coconut Grove Kapalua Condos for sale Coconut Grove Q1 2024 2023 2022 2021 2020 2019 Sales 0 0 2 6 0 0 Volume 0 0 $10,990,000 29,000,000 0 0 Low SP NA NA $5,300,000 3,700,000 NA NA High SP NA NA $5,690,000 6,250,000 NA NA Median SP NA NA $5,495,000 $4,750,000 NA NA Average SP NA NA $5,495,000 4,833,333 NA NA Average SP/Sq. Ft NA NA $2,240 1,883 NA NA Average DOM NA NA 67 154 NA NA Average SP/LP NA NA 93 97 NA NA With just 36 condominium residences located on one of Maui's best beaches, it's not surprising that there isn't much activity. In 2022, there were just two sales at Coconut Grove. The low sale was significantly higher than in 2021. The reason for this discrepancy is that all sales in 2022 were oceanfront, while in 2021 there was a second-row, ocean-view sale. Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership. Kapalua Ironwoods* View Kapalua Ironwoods Condos for Sale Kapalua Ironwoods Q1 2024 2023 2022 2021 2020 2019 Sales 0 0 4 5 4 1 Volume 0 0 $16,750,000 $17,020,000 $12,050,000 $2,300,000 Low SP NA NA $2,300,000 $1,500,000 $1,150,000 $2,300,000 High SP NA NA $6,250,000 $4,150,000 $4,200,000 $2,300,000 Median SP NA NA $4,100,000 $4,020,000 $3,350,000 $2,300,000 Average SP NA NA $4,187,500 $3,404,000 $3,012,500 $2,300,000 Average SP/Sq. Ft NA NA $1,729 $1,634 $1,412 $1,065 Average DOM NA NA 149 320 124 671 Average SP/LP NA NA 95 92 88 93 *Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests. Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below. Since 2020 about 30 of the residences at the Ironwoods changed hands. Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua. In 2022, the average sales price was buoyed by a record sale of a renovated oceanfront residence. The number of sales matched those in 2020. Kapalua Bay Villas View Kapalua Bay Villas Condos for Sale Kapalua Bay Villas Q1 2024 2023 2022 2021 2020 2019 Sales 1 6 10 30 7 14 Volume $2,950,000 $9,994,000 $17,764,000 $41,089,500 $7,538,000 $15,032,500 Low SP $2,950,000 $1,399,000 $1,300,000 $755,000 $675,000 $800,000 High SP $2,950,000 $1,900,000 $3,200,000 $2,900,000 $1,900,000 $1,485,000 Median SP $2,950,000 $1,697,500 $1,437,500 $1,237,000 $1,000,000 $1,062,500 Average SP $2,950,000 $1,665,667 $1,776,400 $1,369,650 $1,076,857 $1,073,750 Average SP/Sq. Ft $1,929 $1,734 $1,496 $1,104 $876 $872 Average DOM 84 124 68 232 149 287 Average SP/LP 99 99 100 97 92 93 In 2023 the Bay Villas saw more condo sales than most complexes in Kapalua. It is noteworthy that it is the only property in the Kapalua Resort with direct oceanfront one-bedroom residences. All six sales in 2023 were one-bedroom condominiums. Of these sales, an oceanfront townhouse floor plan recorded at $1,900,000 which was the record for a one-bedroom residence. In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa which served to increase the average sales price. In 2024, the recording of Kapalua Bay Villa 15G1-3 at $2,950,000 marks the second highest sale in the complexes history, and the highest sale for a second row residence. The record remains the sale of 30B3-4 an oceanfront residence at $3,200,000 in 2022. Kapalua Golf Villas View Kapalua Golf Villas Condos for Sale Kapalua Golf Villas Q1 2024 2023 2022 2021 2020 2019 Sales 0 6 21 44 9 9 Volume NA $9,355,000 $27,773,500 $42,071,750 $7,441,500 $14,446,603 Low SP NA $1,250,000 $940,000 $600,000 $600,000 $595,000 High SP NA $1,850,000 $1,949,000 $1,400,000 $1,200,000 $1,010,000 Median SP NA $1,597,500 $1,215,000 $944,000 $745,000 $785,000 Average SP NA $1,559,167 $1,332,548 $956,176 $826,833 $802,572 Average SP/Sq. Ft NA $1,380 $1,205 $856 $749 $677 Average DOM NA 143 81 122 124 165 Average SP/LP NA 99 100 99 94 97 Like the Bay Villas, there were six sales at the Golf Villas in 2023. However, unlike the Bay Villas sales, which were all one-bedroom residences and no two-bedroom residences, the Golf Villas had three of each. The highest recorded sale in 2023 was $1,850,000, which is 5 below the record sale of a two-bedroom at $1,949,000 in 2022. There have been no Golf Villa sales to date in 2024. Kapalua Ridge Villas View Kapalua Ridge Villas Condos for sale Kapalua Ridge Villas Q1 2024 2023 2022 2021 2020 2019 Sales 1 4 11 28 8 6 Volume $2,795,000 $7,240,000 $15,554,000 $31,301,998 $8,776,500 $4,904,000 Low SP $2,795,000 $1,390,000 $1,250,000 $775,000 $650,000 $650,000 High SP $2,795,000 $2,225,000 $1,900,000 $1,700,000 $1,487,500 $1,100,000 Median SP $2,795,000 $1,812,500 $1,375,000 $1,097,000 $1,135,000 $780,000 Average SP $2,795,000 $1,810,000 $1,414,000 $1,117,929 $1,097,063 $817,333 Average SP/Sq. Ft $1,471 $1,315 $1,179 $813 $701 $653 Average DOM 76 78 65 165 222 263 Average SP/LP 97 99 100 97 96 98 The Ridge Villas is the lowest density of the Kapalua Villas properties (Bay, Golf and Ridge Villas). The condominium residences are here the largest of the three properties and the bulk of the 2023 sales were two-bedroom villas, which ranged from $1,750,000 to $2,250,000, which was the highest sale recorded in MLS for a Ridge Villa until 2024. In 2024, 1723, which was a fully permitted 3B/3B residence (this was a conversion of a 2B Villa into a 3B) set a new record high sale by more than $500,000, recording at $2,795,000. Montage Residences Kapalua Bay View Montage Residences Kapalua Bay Condos for Sale Montage Kapalua Bay Q 1 2024 2023 2022 2021 2020 2019 Sales 0 4 10 27 9 21 Volume NA $21,550,000 $49,605,000 $128,678,533 $28,939,000 $86,445,000 Low SP NA $3,650,000 $3,000,000 $2,695,000 $2,750,000 $2,400,000 High SP NA $8,200,000 $8,000,000 $13,295,000 $4,159,000 $7,950,000 Median SP NA $4,850,000 $4,600,000 $4,145,000 $2,995,000 $3,595,000 Average SP NA $5,387,500 $4,960,500 $4,765,872 $3,215,444 $4,116,429 Average SP/Sq. Ft NA $2,074 $2,027 $1,742 $1,407 $1,556 Average DOM NA 513 151 152 170 173 Average SP/LP NA 97 97 98 99 97 In 2023, there were four sales at the Residences. While it may appear that the sale in 2023 was a record-breaking price for a three-bedroom residence, it should be noted that there were concessions made by the Seller for an upcoming special assessment for an exterior remediation project which resulted in a lower net price. The record-high sale of $13,295,000 in 2021 was for a four-bedroom residence. With only eight ever built, these seldom come up, but when they do sell, they command a high price that does impact the average sales price and price per sq. ft. as they are directly oceanfront residences that often command a higher price. It also should be noted that the developer ceased sales in 2022, leaving just resales available in 2023. In 2024, on April 1st, just after the first quarter ended, two sales at the Montage recorded: 4201 a 3B/3.5B Hotel Residence at $4,200,002201 a 4B/4.5B Grand Residence at $12,000,000 which is the high sale for condominiums (YTD as of the date of this post) on Maui. Ritz-Carlton Kapalua Residences View Ritz-Carlton Residences Kapalua Condos for Sale Ritz-Carlton Residences Q 1 2024 2023 2022 2021 2020 2019 Sales 0 2 4 5 3 1 Volume NA $4,645,000 $7,429,000 $9,655,000 $3,872,500 $900,000 Low SP NA $1,550,000 $990,000 $945,000 $735,000 $900,000 High SP NA $3,100,000 $2,800,000 $2,800,000 $2,300,000 $900,000 Median SP NA $2,325,000 $1,820,000 $1,800,000 $837,500 $900,000 Average SP NA $2,325,000 $1,857,250 $1,931,000 $1,290,833 $900,000 Average SP/Sq. Ft NA $1,932 $1,557 $1,446 $1,065 $1,034 Average DOM NA 255 161 448 216 203 Average SP/LP NA 88 102 97 88 92 To date, there have been no sales at the Ritz-Carlton Residences in 2024. KAPALUA MARKET UPDATE: Homes and Land Sales through Q1 2024 The view from 310 Cook Pine Drive in Pineapple Hill, Kapalua which sold at $6,150,000 in 2023. 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 2023, there were 11 home sales. All but two were in Pineapple Hill and Pineapple Hill Estates. In 2024, the market is slow with no residential sales YTD in the Kapalua Resort. There are currently two pending sales, a home in Pineapple Hill Phase I and a home in Mahana Estates. KAPALUA HOME SALES BY COMMUNITY: Q1 2024 and a 5 Year Overview Homes Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 11 14 29 17 18 Volume NA $55,430,000 $74,700,000 $144,197,500 $90,787,000 $47,954,020 Low SP NA $2,975,000 $2,750,000 $2,062,500 $1,600,000 $1,489,020 High SP NA $7,680,000 $7,900,000 $15,000,000 $24,000,000 $6,000,000 Median SP NA $4,400,000 $5,200,000 $4,150,000 $3,500,000 $2,575,000 Average SP NA $5,039,091 $5,335,714 $4,972,327 $5,240,411 $2,664,112 Average SP/Sq. Ft. NA $1,241 $1,112 $982 $1,063 $715 Average DOM NA 165 193 227 151 270 Average SP/LP NA 93 97 94 91 92 PINEAPPLE HILL & PINEAPPLE HILL ESTATES View Pineapple Hill & Pineapple Hill Estates Homes for sale Pineapple Hill Homes Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 9 7 15 10 15 Volume NA $41,750,000 $35,575,000 $46,012,500 $27,187,000 $35,834,020 Low SP NA $4,150,000 $2,750,000 $2,062,500 $1,600,000 $1,489,020 High SP NA $6,450,000 $7,900,000 $4,850,000 $3,750,000 $3,200,000 Median SP NA $4,300,000 $4,825,000 $2,700,000 $2,625,000 $2,300,000 Average SP NA $4,638,889 $5,082,142 $3,067,500 $2,718,700 $2,388,935 Average SP/Sq. Ft. NA $1,219 $1,023 $768 $696 $692 Average DOM NA 154 134 160 137 262 Average SP/LP NA 94 96 95 95 94 PLANTATION ESTATES AT KAPALUA HOMES View Plantation Estates Homes for Sale Plantation Estates Homes Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 4 6 3 1 Volume NA $7,680,000 $24,225,000 $32,635,000 $13,850,000 $6,000,000 Low SP NA $7,680,000 $5,425,000 $4,025,000 $3,750,000 $6,000,000 High SP NA $7,680,000 $7,500,000 $10,100,000 $5,650,000 $6,000,000 Median SP NA $7,680,000 $5,650,000 $4,490,000 $4,490,000 $6,000,000 Average SP NA $7,680,000 $6,056,250 $5,439,167 $4,616,667 $6,000,000 Average SP/Sq. Ft. NA $1,266 $920 $933 $1,006 $972 Average DOM NA 42 306 258 70 215 Average SP/LP NA 97 96 93 92 81 HONOLUA RIDGE HOMES View Honolua Ridge Homes for sale Honolua Ridge Homes Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 0 1 4 1 2 Volume NA NA $5,300,000 $25,500,000 $3,850,000 $6,120,000 Low SP NA NA $5,300,000 $5,000,000 $3,850,000 $2,850,000 High SP NA NA $5,300,000 $8,700,000 $3,850,000 $3,270,000 Median SP NA NA $5,300,000 $5,900,000 $3,850,000 $3,060,000 Average SP NA NA $5,300,000 $6,375,000 $3,850,000 $3,060,000 Average SP/Sq. Ft. NA NA $1,493 $1,175 $1,306 $750 Average DOM NA NA 95 276 40 352 Average SP/LP NA NA 97 94 91 89 MAHANA ESTATES HOMES View Mahana Estates Homes Mahana Estates Homes Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 2 1 1 0 Volume NA $6,000,000 $9,600,000 $5,250,000 $6,400,000 NA Low SP NA $6,000,000 $4,750,000 $5,250,000 $6,400,000 NA High SP NA $6,000,000 $4,850,000 $5,250,000 $6,400,000 NA Median SP NA $6,000,000 $4,800,000 $5,250,000 $6,400,000 NA Average SP NA $6,000,000 $4,800,000 $5,250,000 $6,400,000 NA Average SP/Sq. Ft. NA $1,416 $1,617 $1,229 $1,098 NA Average DOM NA 379 224 52 88 NA Average SP/LP NA 86 100 99 77 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. With just eight oceanfront homes that are part of the resort, it's not uncommon to no sales. View Kapalua Place and Kapalua Oceanfront homes for sale Oceanfront Homes Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 0 0 3 2 0 Volume 0 0 0 $34,800,000 $39,500,000 0 Low SP NA NA NA $8,700,000 $15,500,000 NA High SP NA NA NA $15,000,000 $24,000,000 NA Median SP NA NA NA $11,100,000 $19,750,000 NA Average SP NA NA NA $11,600,000 $19,750,000 NA Average SP/Sq. Ft. NA NA NA $1,809 $3,975 NA Average DOM NA NA NA 489 425 NA Average SP/LP NA NA NA 93 79 NA KAPALUA LAND SALES BY COMMUNITY: Q1 2024 and a 5 Year Overview An aerial view of 322 Cook Pine Drive, which closed at $995,000 in 2023 Land Q1 2024 2023 2022 2021 2020 2019 Number of Sales 1 4 20 58 8 2 Volume $1,700,000 $4,970,000 $32,839,500 $65,265,000 $13,925,000 $3,150,000 Low SP $1,700,000 $995,000 $845,000 $700,000 $850,000 $1,300,000 High SP $1,700,000 $1,525,000 $3,700,000 $2,600,000 $8,000,000 $1,850,000 Median SP $1,700,000 $1,225,000 $1,450,000 $982,500 $837,500 $1,575,000 Average SP $1,700,000 $1,242,500 $1,641,975 $1,135,259 $1,740,625 $1,575,000 Average SP/Sq. Ft. $19 $33 $38 $17 $32 $23 Average DOM 117 279 202 178 284 60 Average SP/LP 92 87 96 95 89 100 In the first quarter of 2024, there was just one land sale that was part of the resort. A lot in Mahana Estates closed at $1,700,000. It should be noted that there was another parcel to close within the MLS district of Kapalua, a lot that was 4 acres but not buildable, purchased by neighbors for view protection. It closed at $1,425,000. Pineapple Hill & Pineapple Hill Estates Land View Pineapple Hill & Pineapple Hill Estates Land for Sale Pineapple Hill Land Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 5 2 1 0 Volume NA $995,000 $5,787,000 $2,500,000 $950,000 0 Low SP NA $995,000 $879,000 $1,195,000 $950,000 NA High SP NA $995,000 $1,500,000 $1,305,000 $950,000 NA Median SP NA $995,000 $1,090,000 $1,090,000 $950,000 NA Average SP NA $995,000 $1,157,400 $1,250,000 $950,000 NA Average SP/Sq. Ft. NA $100 $101 $62 $87 NA Average DOM NA 333 204 143 314 NA Average SP/LP NA 100 100 100 90 NA It is not surprising to see so few sales in Pineapple Hill. There are very few vacant lots left as the majority of the community has been built. Plantation Estates Land View Plantation Estates Land for Sale Plantation Estates Land Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 4 5 2 0 Volume NA 1 $7,545,000 $7,965,000 $1,700,000 0 Low SP NA $1,525,000 $845,000 $975,000 $800,000 NA High SP NA $1,525,000 $3,700,000 $2,600,000 $900,000 NA Median SP NA $1,525,000 $1,500,000 $1,400,000 $850,000 NA Average SP NA $1,525,000 $2,272,500 $1,593,000 $850,000 NA Average SP/Sq. Ft. NA $17 $18 $15 $9 NA Average DOM NA 409 407 226 53 NA Average SP/LP NA 76 88 97 81 NA Mahana Estates Land View Mahana Estates Land for Sale Mahana Estates Land Q1 2024 2023 2022 2021 2020 2019 Number of Sales 1 1 5 42 3 2 Volume $1,700,000 $1,250,000 $7,670,000 $41,425,000 $2,425,000 $3,150,000 Low SP $1,700,000 $1,250,000 $1,200,000 $700,000 $800,000 $1,300,000 High SP $1,700,000 $1,250,000 $1,945,000 $2,150,000 $825,000 $1,850,000 Median SP $1,700,000 $1,250,000 $1,400,000 $852,500 $800,000 $1,575,000 Average SP $1,700,000 $1,250,000 $1,534,000 $986,548 $808,333 $1,575,000 Average SP/Sq. Ft. $19 $7 $29 $17 $12 $23 Average DOM 117 167 119 163 157 60 Average SP/LP 92 97 96 94 95 100 Mahana Estates is Kapalua Resort's newest residential offering. CC&Rs allow for more contemporary structures which makes it a popular choice. Honolua Ridge Land View Honolua Ridge Land for Sale Honolua Ridge Land Q1 2024 2023 2022 2021 2020 2019 Number of Sales 0 1 6 9 1 0 Volume NA $1,200,000 $11,837,500 $13,365,000 $850,000 0 Low SP NA $1,200,000 $1,163,000 $805,000 $850,000 NA High SP NA $1,200,000 $2,795,000 $2,000,000 $850,000 NA Median SP NA $1,200,000 $1,962,500 $1,300,000 $850,000 NA Average SP NA $1,200,000 $1,972,917 $1,485,000 $850,000 NA Average SP/Sq. Ft. NA $7 $7 $7 $5 NA Average DOM NA 206 133 227 360 NA Average SP/LP NA 75 97 92 95 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 Condos, Homes and Land for Sale 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. *Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort. It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort. Stats on other sites may pull different data if not excluding these areas.