Maui Oceanfront Homes: Market Overview November 2019

Posted by Courtney M. Brown on Saturday, November 30th, 2019 at 3:13pm.

MAUI OCEANFRONT HOMES
Market Update, November 2019

Lahaina Oceanfront Home for Sale

1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front street
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Update 1/27/2020:  Since this post was written, the classification of 6 sales in Makena was changed from Beachfront to Across the Street from the Ocean.  These sales totaled $60,162,136.  As they were developer sales the escrow could only close once construction was complete, so they had a very high Days on Market Count, averaging 1202 days on market.

As such, the statistics and summary below have changed.  Please see the post written 1/27/2020 for updated statistics.

Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui.  As you will see below, the home prices tend to be highest in the resort areas of West and South Maui. 

There are broad fluctuations in price depending on whether the property is beachfront or oceanfront; whether it is on a rocky shoreline or cliffside without water access; and the age, condition and size of the home.  

Over the past five years, oceanfront home sales have consistently seen a volume of around 20/year, with a low of 13 sales in 2015, and a high of 25 sales in 2017.  Looking at this year (YTD vs. 2018), the average sales price remains fairly consistent, yet the average Sales Price ($) per square foot has increased to $1902/sq. ft.  It is interesting to note, that oceanfront homes are selling at a lower percentage of the asking price than the prior year as well as with a longer average days on market.

Maui Oceanfront Homes: Market Snapshot by Area

Active Listings, Pending Sales and YTD Sales 

Oceanfront Homes All Maui  West Maui South Maui North Shore East Maui Central Maui
Active Listings 50 17 14 12 7 0
Low List Price $750,000 $2,200,000 $3,500,000 $999,000 $750,000  
Average List Price $7,962,899 $11,359,705 $9,963,785 $4,006,416 $2,494,285  
High List Price $37,500,000  $37,500,000 $29,750,000 $12,000,000 $6,500,000  
Average LP/Sq. Ft. $2183 $2869 $2497  $1261 NA NA 
Pending Sales 4 0 2 2 0 0
Average List Price $3,699,500 NA $3,724,000 $3,675,000 NA NA
Supply of Inventory* 27.5 months 37.4 months 17.1 months 44 months 91 months NA
2019 YTD Sales 20  5 2 3 NA 3
Low Sales Price $321,300  $600,000 $3,450,000 $3,400,000   $321,300
Average Sales Price $6,318,559 $4,184,999 $9,801,348 $5,341,666   $403,016
High Sales Price $13,950,000  $9,000,000 $13,950,000 $8,600,000   $565,000
Sales Volume 2019 YTD $126,371,185  $20,924,999 $17,400,000 $16,250,000  0 $1,209,050
Average SP/Sq. Ft. $1902 $1382 $2813 $1705    $234 

*based on past 11 months of sales, with the exception of East Maui, which required going back to 2018.  With only one sale in 2018, the sale was then multiplied by a factor of 13

There is often a misperception that we see more sales in the Wailea/Makena Market.  What is important to note is that there are far fewer oceanfront homes in resort areas in West Maui than in Wailea/Makena.  For example, there are only 6 oceanfront homesites in Kaanapali's only oceanfront residential neighborhood, Kai Ala Place.  Similarly, there are just five oceanfront homesites in Kapalua Place, Kapalua's only oceanfront residential neighborhood.   Wailea/Makena are larger-scale resorts, with more oceanfront residential communities such as Keawekapu Beach, Maluhia, Makena Place, the Makena Beach Cottages, and Black Sands, as well as homes scattered along the Makena Coastline that aren't part of a formal subdivision.  Kihei's Halama Street is also a popular area with beachfront homes stretching along the shoreline.

Maui Oceanfront Home Sales: Key Metrics
2014 to Present

Year Sales Volume Avg SP Avg SP$/sq. ft. Avg DOM SP/LP
2014  21 $90,443,000 $4,306,810 $1504 287  91%
2015  13 | -62% $55,075,000 |-64%  $4,235,538 | -2% $1793 | 16% 214 | -34% 93%
2016  22 | 41% $139,062,000 | 60%  $6,321,000 | 33% $2878 | 38% 219 | 2% 84%
2017  25 | 12% $146,765,387 | 5% $5,870,615 | -8% $1533 | -88% 274 | 20% 92%
2018  23 | -9% $148,197,545 | 1%  $6,443,372 | 9% $1759 | 13% 222 | -23% 91%
2019 YTD  20 | -15% $126,371,185 | -17%  $6,318,550 | -2% $1902 | 8% 554 | 50% 88%

The highest-priced listing on the island is located in the Kapalua Resort:  9 Bay Drive is an 8B/8.5 acre estate situated on 9.97 acres.  It is currently offered at $37,500,000, reduced from $49,000,000.  This compares with a high sales price of $27,000,000 for an oceanfront estate in 2011 in Makena.  7150 Makena Road is a 4B/5.5B home on 1.69 acres.  To date, the largest sale on Maui for a private residence that was actually across the street from the ocean, in Keauhou, Makena $41,750,000 in 2015 (not in MLS) .

It should be noted--with such a small sampling, the statistics can vary widely at any given time, and the above are MLS statistics.  Additional properties have changed hands privately and are not entered in MLS.  For more information on all areas of Maui read: Maui Real Estate Statistics.

View Current Home Listings: Oceanfront, Beachfront and Across the Street from the Ocean

26 Properties Found. Page 1 of 3

Welcome To 9 Bay Drive, The Undisputed Crown Je...

REDUCED 17% Photo of Listing #394048

$49,500,000 Active Fee Simple

  • 6 Beds
  • 7 Baths
  • 9.96 Acres
  • 6,645 ft²

Residential

9 Bay Dr, Kapalua, Hawaii

MLS® #394048

Listed By: Coldwell Banker Island Prop-KP

Welcome To 9 Bay Drive, The Undisputed Crown Jewel Of The World Famous Kapalua Resort With 10 Acres Of Oceanfront Bliss On Historic Hawea Point. This Is Truly A Legacy Estate Unmatched Anywhere In Hawaii. Nowhere Else Can You Find Oceanfront Acreage Of Thi...

This Is A Rare Offering Of One Of Only Six Beac...

Photo of Listing #395304

$24,500,000 Active Fee Simple

  • 8 Beds
  • Baths
  • 0.98 Acres
  • 11,076 ft²

Residential

20 Kai Ala Dr 92, Kaanapali, Hawaii

MLS® #395304

Listed By: Island Sotheby's Int'l Rlty(L)

This Is A Rare Offering Of One Of Only Six Beachfront Parcels In Kaanapali. With Over 11,000 Square Feet Of Living Space, This Gracious Home Is Situated On An Acre Of Land, And Features Eight Bedrooms Suites, A Media Room, Formal And Informal Dining Spaces,...

Oceanfront Maui Bliss Is Where Privacy Meets Pr...

REDUCED 6% Photo of Listing #392257

$16,750,000 Active Fee Simple

  • 4 Beds
  • 4 Baths
  • 0.2 Acres
  • 3,550 ft²

Residential

4406 Makena Rd B, Wailea/makena, Hawaii

MLS® #392257

Listed By: Compass

Oceanfront Maui Bliss Is Where Privacy Meets Proximity. This Is By Far The Best Makena Oceanfront Residential Value! Enjoy The Convenience, Location, Lifestyle, Safety And Serenity From This Direct Oceanfront And Beachfront Hotel Zoned Residence That Offer...

Contemporary Polynesian-style Direct Oceanfront...

REDUCED 6% Photo of Listing #393718

$14,500,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 0.58 Acres
  • 5,294 ft²

Residential

4851 Lower Honoapiilani Rd, Napili/kahana/honokowai, Hawaii

MLS® #393718

Listed By: Coldwell Banker Island Prop-KP

Contemporary Polynesian-style Direct Oceanfront Estate. Architecturally Designed To Maximize Ocean Views. Highest Quality High-tech Materials And Finishes Throughout. 10-foot Pocket Motorized Doors, Custom "lutron Home Works" Lighting, Elevator, Euro-finish...

A Magnificent Estate Of Unparalleled Beauty Sit...

Photo of Listing #396205

$12,950,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 0.29 Acres
  • 4,354 ft²

Residential

11 Hale Malia Pl, Napili/kahana/honokowai, Hawaii

MLS® #396205

Listed By: Coldwell Banker Island Prop-KP

A Magnificent Estate Of Unparalleled Beauty Situated In An Unsurpassed Location Just Minutes North Of Kaanapali Resort And Just South Of Kapalua Resort. "hale Malia" Is West Maui's Most Secluded Gated Oceanfront Community Offering True Hawaiian Ambiance. On...

Beachfront Property On Maui's North Shore With ...

Photo of Listing #395967

$12,800,000 Active Fee Simple

  • 4 Beds
  • 5 Baths
  • 0.33 Acres
  • 4,071 ft²

Residential

131 Aleiki Pl, Spreckelsville/paia/kuau, Hawaii

MLS® #395967

Listed By: Hawaii Life (W)

Beachfront Property On Maui's North Shore With A European Style Home. Located On The End Of A Quaint Road In The Town Of Paia/kuau, This Estate Welcomes You In As You Enter Through The Main Gate Where You'll Find Yourself In A Courtyard Setting With A Relax...

Welcome To Sapphire Seas, Your Forever Home On ...

REDUCED 23% Photo of Listing #395872

$12,750,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 0.41 Acres
  • 5,036 ft²

Residential

1498 Halama St, Kihei, Hawaii

MLS® #395872

Listed By: Keller Williams Realty Maui-L

Welcome To Sapphire Seas, Your Forever Home On An Exclusive Beachfront Street In Quaint Kihei Town. Your Private Paradise To Enjoy The Beauty Of What Maui's South Side Has To Offer - Nightly Sunset Viewing, Seasonal Whale Watching, The Warm Breeze Making M...

Iconic Maui Oceanfront Estate!! This North Shor...

REDUCED 7% Photo of Listing #396319

$10,950,000 Active Fee Simple

  • 1 Beds
  • Baths
  • 0.35 Acres
  • 1,692 ft²

Residential

207 Kealakai Pl, Spreckelsville/paia/kuau, Hawaii

MLS® #396319

Listed By: Coldwell Banker Island Prop(S)

Iconic Maui Oceanfront Estate!! This North Shore Maui Oceanfront Oasis Sits Next To Famous Baby Beach Near The Maui Country Club. Surf The Break Right In Front Of The Main House And Enjoy Magical Sunrise To Sunset Ocean Views From Walls Of Glass And Extraor...

Featuring Dynamic Views Of The Pacific Ocean, U...

REDUCED 11% Photo of Listing #396045

$9,875,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 2 Acres
  • 5,239 ft²

Residential

40 Hale Pili Way, Haiku, Hawaii

MLS® #396045

Listed By: Compass

Featuring Dynamic Views Of The Pacific Ocean, Uaoa Bay And The Island Of Papanui O Kane, This Masterfully Built Home's Architectural Styling Reflects A Modern Adaptation Of The Classic Plantation Style. With Over 5,300 Sq Ft Of Living Space, A Huge, Open Li...

One Of Only Four Estate Sites With Access To Ka...

Photo of Listing #394299

$9,500,000 Active Fee Simple

  • 6 Beds
  • 7 Baths
  • 0.34 Acres
  • 5,658 ft²

Residential

4871 Lower Honoapiilani Rd, Napili/kahana/honokowai, Hawaii

MLS® #394299

Listed By: Coldwell Banker Island Prop-KP

One Of Only Four Estate Sites With Access To Kahana's Secret Beach. This 5,658 Square Foot Residence On A 14,959 Square Foot Lot Was Completely Remodeled In 2001. Features 6 Bedrooms, 7 Baths, Including An Upper And Lower Master Suite And Private Caretakers...

Oceanfront Estate Located On A Picturesque Cove...

Photo of Listing #395950

$8,750,000 Active Fee Simple

  • 6 Beds
  • Baths
  • 0.33 Acres
  • 4,285 ft²

Residential

5187 Lower Honoapiilani Rd, Napili/kahana/honokowai, Hawaii

MLS® #395950

Listed By: Hawaii Life (W)

Oceanfront Estate Located On A Picturesque Cove In The Heart Of Napili. Aptly Named "honu Hale" (turtle House), This 6 Bedroom, 4.5 Bathroom Home Has A Front Row Seat To Year Round Sunsets, Crystal Clear Blue Water, Abundant Ocean Life, Including Turtles G...

4025 Lower Honoapiilani Aka 'paradise' Is An Ex...

Photo of Listing #395038

$7,950,000 Active Fee Simple

  • 3 Beds
  • 2 Baths
  • 0.86 Acres
  • 816 ft²

Residential

4025 Lower Honoapiilani Rd, Napili/kahana/honokowai, Hawaii

MLS® #395038

Listed By: Berkshire Hathaway Maui Prop-L

4025 Lower Honoapiilani Aka 'paradise' Is An Exquisite And Rare 1-acre Oceanfront Gated Compound. Located In One Of The Worlds Most Desirable Locations Between Kaanapali And Kapalua, On The Island Of Maui. This One-of-a-kind Finite Estate Property Offers Dr...

Corrected and Revised 1/27/2020

This information is provided by the Realtor's Association of Maui.  It is believed accurate, but subject to change.  Readers are advised to do their own due diligence.
vision figures for both condos and home sites.  Some condo and some homesites have been combined to be one property.  This is not reflected in the number above.
Above information on total properties is provided by Fidelity National Title and is believed to be accurate but is subject to change.

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

 

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