Maui Oceanfront Homes: Market Overview November 2019

Posted by Courtney 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
View More Information

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 9 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 $88,212,136 $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

85 Properties Found. Page 1 of 8

Boasting Nearly Ten Captivating Acres Of Oceanf...

Photo of Listing #384865

$37,500,000 Active Fee Simple

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

Residential

9 Bay Dr, Kapalua, Hawaii

MLS® #384865

Listed By: Hawaii Life (KAP)

Boasting Nearly Ten Captivating Acres Of Oceanfront, 9 Bay Drive Is The Crown Jewel Of Conservation Land Known As Hawea Point In West Maui. Nestled Into The Prime Location Within Kapalua Resort, This Gated Legacy Property, Along With The Adjacent 12+ Acre O...

The Most Spectacular Oceanfront Home In This Pr...

Photo of Listing #381831

$29,750,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 0.51 Acres
  • 9,137 ft²

Residential

5050 Makena Rd, Wailea/makena, Hawaii

MLS® #381831

Listed By: Coldwell Banker Island Prop(W)

The Most Spectacular Oceanfront Home In This Prestigious Area Of Makena On The Island Of Maui. This Makena Masterpiece, Designed By The World-renowned Architect, Guy Dreier, Truly Epitomizes The Maui Lifestyle. Just Under 10,000 Square Feet Of Living Area ...

Kaanapali’s Beachfront Masterpiece! Located On ...

Photo of Listing #384903

$24,500,000 Active Fee Simple

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

Residential

20 Kai Ala Dr, Kaanapali, Hawaii

MLS® #384903

Listed By: Hawaii Life (KAP)

Kaanapali’s Beachfront Masterpiece! Located On Close To One Acre Of Land, Just North Of Black Rock And The Sheraton Hotel, This Exquisite Estate Boasts Stunning Views Of The Ocean And Sunsets, As Well As Whale Watching In Season. This Legacy Property Of Ove...

Makena, Maui. Simply Stated, One Of The Most B...

Photo of Listing #383807

$23,500,000 Active Fee Simple

  • 8 Beds
  • 8 Baths
  • 1 Acres
  • 10,500 ft²

Residential

7505 Makena Rd, Wailea/makena, Hawaii

MLS® #383807

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

Makena, Maui. Simply Stated, One Of The Most Beautifully Custom Detailed Homes To Ever Be Built On The Island. The Home Perched On A Lushly Landscaped 1-acre Parcel Of Land Entertains Endless Pacific Ocean Views. With 8 Bedrooms And More Than 10,000 Sq....

Rare Keauhou At Makena Estate Offers Sophistica...

Photo of Listing #385175

$23,000,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 3.14 Acres
  • 5,882 ft²

Residential

4557 Makena Rd, Wailea/makena, Hawaii

MLS® #385175

Listed By: Coldwell Banker Island Prop(S)

Rare Keauhou At Makena Estate Offers Sophisticated, Contemporary Flair And Over Three Acres Of Manicured Tropical Landscaping Making It Both An Ideal Private Retreat And A Home For Those Who Love To Entertain. Positioned Peacefully Above The White Sand Of P...

Never Before Offered! Incredibly Rare Opportuni...

REDUCED 16% Photo of Listing #381993

$18,000,000 Active Fee Simple

  • 3 Beds
  • 4 Baths
  • 0.52 Acres
  • 3,469 ft²

Residential

4478 Makena Rd, Wailea/makena, Hawaii

MLS® #381993

Listed By: The Wailea Group LLC

Never Before Offered! Incredibly Rare Opportunity To Own One Of Makena's Finest Beachfront Homes. Enjoy Over 150 Feet Of Prime Ocean Frontage With Breathtaking Postcard Outer Island Vistas. Lush, Mature Garden Landscaping With Private Gate To White Sand Bea...

Kapalua Beachfront - This Is One Of Only 4 Beac...

Photo of Listing #383337

$17,900,000 Active Fee Simple

  • 6 Beds
  • Baths
  • 0.64 Acres
  • 6,631 ft²

Residential

3 Kapalua Pl 3, Kapalua, Hawaii

MLS® #383337

Listed By: Keller Williams Realty Maui-L

Kapalua Beachfront - This Is One Of Only 4 Beachfront Homes In Kapalua - A Rare Opportunity To Own A Stunning Island Contemporary Architectural Masterpiece By Award-winning Hawaii Architect, Jeffrey Long. Situated On 28,000 Square Feet Of Pristine Beachfron...

West Maui’s 7 Kapalua Place Accentuates The Ult...

Photo of Listing #382489

$13,500,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 0.65 Acres
  • 7,810 ft²

Residential

7 Kapalua Pl, Kapalua, Hawaii

MLS® #382489

Listed By: Hawaii Life (KAP)

West Maui’s 7 Kapalua Place Accentuates The Ultimate In Super Luxurious, Elevated Island Home Design & Lifestyle Mixed With The Rarest Of Beachside Locations. Originally Built And Currently Owned By Globally Renowned Maritime Artist Christian Riese Lassen, ...

Situated Atop Over An Acre Of The Most Sought-a...

Photo of Listing #383405

$12,900,000 Active Fee Simple

  • 3 Beds
  • Baths
  • 1.16 Acres
  • 2,742 ft²

Residential

4680 Makena Rd, Wailea/makena, Hawaii

MLS® #383405

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

Situated Atop Over An Acre Of The Most Sought-after Real Estate In South Maui, 4680 Makena Road Offers A Rare Balance Of Unrivaled Privacy, Convenient Access To Some Of Hawaii’s Finest Amenities, Beachfront Access To One Of Maui’s Most Revered Beaches, And ...

Extraordinary…. Beachfront…sea Turtle Sanctuary...

Photo of Listing #384248

$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® #384248

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

Extraordinary…. Beachfront…sea Turtle Sanctuary…maui! Extremely Rare Opportunity To Embrace Life On Maui’s North Shore, With The White Sandy Beach As Your Backyard. Play Beach Volleyball On Your Own Beach Yard! Or Simply Lounge And Sunbathe Only Feet From ...

This Home Affords One Of The Most Powerful View...

Photo of Listing #383338

$11,750,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 0.82 Acres
  • 5,485 ft²

Residential

5490 Makena Rd, Wailea/makena, Hawaii

MLS® #383338

Listed By: Hawaii Life (W)

This Home Affords One Of The Most Powerful View Locations In All Of South Maui. The Premier View Home Site Of This Gated 7 Lot Oceanfront Compound Is Nothing Short Of Remarkable. From The Landmark Pu'u, Rust Red Cinder Cone, Rising Out Of The Deep Blue Oce...

Legend Status. This Entertainer's Dream Has An ...

Photo of Listing #376954

$11,500,000 Active Fee Simple

  • 6 Beds
  • Baths
  • 0.95 Acres
  • 5,418 ft²

Residential

4039 Lower Honoapiilani Rd, Napili/kahana/honokowai, Hawaii

MLS® #376954

Listed By: Keller Williams Realty Maui-L

Legend Status. This Entertainer's Dream Has An Unparalleled Oceanfront Lifestyle Of Peaceful Seclusion And Luxurious Comfort. The Approximately 1-acre, Gated, Oceanfront Property Cultivates A Rare Sense Of Privacy And Tranquility. And, No Expense Was Spare...

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)
Vice President
Island Sotheby's International Realty

 

Leave a Comment