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

45 Properties Found. Page 1 of 4

Located On 3.23 Acres Of Stunning Oceanfront, P...

Photo of Listing #388759

$26,000,000 Active Fee Simple

  • 3 Beds
  • 2 Baths
  • 3.23 Acres
  • 2,200 ft²

Residential

7750 Makena Rd, Wailea/makena, Hawaii

MLS® #388759

Listed By: Corcoran Pacific Properties - L

Located On 3.23 Acres Of Stunning Oceanfront, Pono Makena Is A Secluded And Cherished Property Of Hawai'i. Charged With A Sense Of Serenity And Wellbeing, This Gated Haven Provides A Uniquely Expansive Canvas For Self-expression And Creativity, While Suppor...

Keawakapu Beach House! Walk Off Your Lanai & Fe...

Photo of Listing #392640

$24,500,000 Active Fee Simple

  • 11 Beds
  • 9 Baths
  • 0.55 Acres
  • 8,628 ft²

Residential

3066 S Kihei Rd, Kihei, Hawaii

MLS® #392640

Listed By: Berkshire Hathaway Maui Prop-W

Keawakapu Beach House! Walk Off Your Lanai & Feel Your Toes In The Sand. Enjoy Sunsets & Whale Watching Without Leaving Home . Large 5377 Sq. Ft. Beachfront Home Ready To Be Customized To Suit Your Needs. Second Home 3251 Sq. Ft. Included In Price On Adjoi...

This West Maui Exclusive Oceanfront Compound In...

Photo of Listing #390187

$19,500,000 Active Fee Simple

  • 7 Beds
  • 7 Baths
  • 0.93 Acres
  • 8,469 ft²

Residential

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

MLS® #390187

Listed By: Hawaii Life (KAP)

This West Maui Exclusive Oceanfront Compound Includes Two Adjacent Homes, 4851 Lower Honoapiilani Road And 10 Hui Road E, Sitting Steps Away From Haukoe Point And Keonenui Beach In Kahana. Architecturally Designed To Maximize Ocean Views, This Family Estate...

Oceanfront Maui Bliss Is Where Proximity Meets ...

Photo of Listing #392257

$17,888,000 Active Fee Simple

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

Residential

4406 Makena Rd B, Wailea/makena, Hawaii

MLS® #392257

Listed By: Compass

Oceanfront Maui Bliss Is Where Proximity Meets Privacy. The Art Of Maui Living Is Exemplified By This Elegantly Furnished Turn-key Residential Condominium Situated At The Entrance To The Makena Resort And Directly Adjacent To The Wailea Resort Offering Unma...

Maui Oceanfront 73 Acre Estate With Maximum Pri...

REDUCED 17% Photo of Listing #389740

$15,000,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 73.21 Acres
  • 5,938 ft²

Residential

600 Haumana Rd, Haiku, Hawaii

MLS® #389740

Listed By: Hawaii Life (W)

Maui Oceanfront 73 Acre Estate With Maximum Privacy, Security, And Open Space. This Is The 1st Time Ever This Estate Has Been Offered For Sale. The Parcel Encompasses Kealii Point Between Uaoa Bay And Pilale Bay With Nearly A 1/2 Mile Of Coastline And No Ne...

Hale Makana Ola Is An Oceanside Property Design...

Photo of Listing #388843

$12,990,000 Pending - Cont. To Show Fee Simple

  • 5 Beds
  • Baths
  • 0.57 Acres
  • 4,668 ft²

Residential

7381 Makena Rd, Wailea/makena, Hawaii

MLS® #388843

Listed By: Hawaii Life (W)

Hale Makana Ola Is An Oceanside Property Designed For Wellness And Relaxation While Offering Privacy And Sublime Pacific Views. This 4,668 Sf, 5 Bedroom, 5.5 Bath Estate Is Professionally Designed And Offered Fully Furnished. Molokini, Kaho'olawe, And Lanai...

Imagine Inviting Your Guests Into The Elevator ...

Photo of Listing #391151

$12,850,000 Active Fee Simple

  • 8 Beds
  • 14 Baths
  • 0.48 Acres
  • 7,295 ft²

Residential

5385 Lower Honoapiilani Rd, Napili/kahana/honokowai, Hawaii

MLS® #391151

Listed By: BD Properties Hawaii LLC

Imagine Inviting Your Guests Into The Elevator Up To Your Rooftop Pool And Spa For A Sunset They Will Never Forget. This Is Hoku Kai. There Is Simply No Other Home With The Amenities This Amazing Single Family Compound Offers. This Brand New Home Features...

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

Photo of Listing #388903

$12,000,000 Active Fee Simple

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

Residential

131 Aleiki Pl, Spreckelsville/paia/kuau, Hawaii

MLS® #388903

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...

Take Your Leisure Seriously. Representing The P...

Photo of Listing #390424

$11,995,000 Active Fee Simple

  • 6 Beds
  • 6 Baths
  • 0.85 Acres
  • 7,221 ft²

Residential

137 Hana Hwy B, Spreckelsville/paia/kuau, Hawaii

MLS® #390424

Listed By: Coldwell Banker Island Prop-Ku

Take Your Leisure Seriously. Representing The Pinnacle In World-class Oceanfront Living, 137 Hana Hwy Is A Stunning Oceanfront Residence In The Heart Of Paia Town That Boasts Unparalleled Views Of The Pacific, An Unrivaled Location And An Array Of Beautiful...

Stunning Oceanfront Estate! The Dramatic Ocean ...

Photo of Listing #392471

$11,950,000 Active Fee Simple

  • 5 Beds
  • 6 Baths
  • 0.39 Acres
  • 6,371 ft²

Residential

30 Hui E Rd, Napili/kahana/honokowai, Hawaii

MLS® #392471

Listed By: Coldwell Banker Island Prop(S)

Stunning Oceanfront Estate! The Dramatic Ocean View Commands Your Attention From The Moment You Step Into This Contemporary Island Inspired Residence. Breathtakingly Elevated On A Spectacular Lava Point, This Estate Offers The Best Of Ocean Front Living Wit...

A Rare Opportunity Is Now Available On Maui's S...

REDUCED 8% Photo of Listing #389460

$11,000,000 Active Fee Simple

  • 2 Beds
  • Baths
  • 0.55 Acres
  • 976 ft²

Residential

3016 S Kihei Rd, Kihei, Hawaii

MLS® #389460

Listed By: Coldwell Banker Island Prop(S)

A Rare Opportunity Is Now Available On Maui's South Shore And World Famous Keawakapu Beach. This Property Is Being Sold With Approved Permits And Ready To Build. The Original Structure Will Become A Beautiful Outdoor Kitchen, Bbq, Living Area Along With 1 B...

1033 Front Street Is For The Most Discriminatin...

Photo of Listing #392426

$9,975,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 0.19 Acres
  • 3,764 ft²

Residential

1033 Front St 6, Lahaina, Hawaii

MLS® #392426

Listed By: Keller Williams Realty Maui-L

1033 Front Street Is For The Most Discriminating Purchaser: Exquisitely Well-appointed Modern-hawaiian Oceanfront Estate With Just-completed Total Renovation To Modernize This Iconic Front Street Location. A Short Distance To Popular "baby Beach" And To His...

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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