Posted by Courtney M. Brown on Saturday, November 30th, 2019 at 3:13pm.
1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front street
View More Information
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.
| 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 | $234 |
*based on past 11 months of sales, with the exception of East Maui, which required going back to 2018. With only one sale in 2018, the sale was then multiplied by a factor of 13
There is often a misperception that we see more sales in the Wailea/Makena Market. What is important to note is that there are far fewer oceanfront homes in resort areas in West Maui than in Wailea/Makena. For example, there are only 6 oceanfront homesites in Kaanapali's only oceanfront residential neighborhood, Kai Ala Place. Similarly, there are just five oceanfront homesites in Kapalua Place, Kapalua's only oceanfront residential neighborhood. Wailea/Makena are larger-scale resorts, with more oceanfront residential communities such as Keawekapu Beach, Maluhia, Makena Place, the Makena Beach Cottages, and Black Sands, as well as homes scattered along the Makena Coastline that aren't part of a formal subdivision. Kihei's Halama Street is also a popular area with beachfront homes stretching along the shoreline.
| Year | Sales | Volume | Avg SP | Avg SP$/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.
Residential
35000 Piilani Hwy, Kaupo, HI
MLS® #406782
Listed By: The Agency Maui
Office Contact: Cell: 808-344-0330
“waterfalls, Rainbows And Gorgeous Ocean Views”… Experience The Abundance Of These Visual Delights From The Privacy Of Your Extra Large Lanai. Full Moon Rising, Endless Stargazing, And Unobstructed Big Island Views, Just To Name A Few Aspects Of This Serene...
Residential
3543 Lower Honoapiilani Rd, Unit D403, Napili/kahana/honokowai, HI
MLS® #405510
Listed By: Epic Realty LLC
Welcome To Papakea Resort! Check Out Unit D403, A Beautifully Renovated Top-floor Ocean-view Unit With Modern Coastal Decor. It Features Stylish Furnishings, Quartz Countertops, New Stainless-steel Appliances, And An Oversized Farmhouse Sink. This Unique P...
Residential
36 S Kihei Rd, Unit 606, Kihei, HI
MLS® #406059
Listed By: Keller Williams Realty Maui-Ki
Office Contact: Cell: 808-344-0624
With Unparalleled, Forever Ocean Views From Its Penthouse Perch, An Adjacent Patio And Sun Deck Unique To The Top Floor Units, And Ocean-immersive Location On The Shoreline Of Maui's Fabled Sugar Beach -- The Island's Longest Stretch Of Golden Sand -- Kihei...
Residential
130 Kai Malina Pkwy, Unit 719, Kaanapali, HI
MLS® #406201
Listed By: Maui Real Estate Advisors LLC
Office Contact: 808-875-4444
Discover Paradise In Honua Kai 719, A Breathtaking Studio Boasting Unparalleled Ocean And Outer-island Views From Its Prime Interior Location. Overlooking The Resort’s Sparkling Pools, Pristine Beach, And Vibrant Restaurant, This Unit Offers A Front-row Sea...
Residential
1 Ritz Carlton Dr, Unit 1502, Kapalua, HI
MLS® #405102
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677
If You Crave Hawaiian Island Luxury Living That Includes World-class Hospitality Experience That Is Second To None, Your Time Is Now. The Ritz Carlton Hotel Suites 1502 Is 1 Bedroom, 1 Bathroom Spaciously Spread Across 872 Sq. Ft. Of Single-level Living Sit...
Residential
500 Bay Dr, Unit 19-b4, Kapalua, HI
MLS® #403930
Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-7878
Direct Ocean View - Kapalua Bay Villa 1 Bed 1 Bath, The Epitome Of Luxurious Bliss. This Beachfront Property, Has Been Tastefully Remodeled In 2024, Highly Sought After Bridge Level Entry, With "no Stairs" With Very Convenient Parking, Right Across The Uni...
Residential
3300 Wailea Alanui Dr, Unit 46a, Wailea/makena, HI
MLS® #405772
Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-866-2334
Welcome To Ekahi 46a, Privately Tucked Away Along The Serene Greenbelt Just Steps From The Upper Pool, This Beautifully, Recently Renovated Wailea Ekahi Condo Offers The Perfect Blend Of Modern Design And Tropical Tranquility. The Interior Features A Though...
Residential
12 S Kihei Rd, Unit E3, Kihei, HI
MLS® #405829
Listed By: Coldwell Banker Island Prop-Ku
Office Contact: 808-281-8083
Enter This Beach Communities Beautifully Renovated Condo Steps From The White Sands Of Sugar Beach. Ma'alaea Surf Resort Is A Hidden Gem In North Kihei That Has A Loyal Following And Is Always In High Demand! This Fantastic Ground Floor Unit Has Been Comp...
Residential
130 Kai Malina Pkwy, Unit Nr930, Kaanapali, HI
MLS® #405959
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-205-5201
Perched Above The Lush Tropical Canopy In The Konea Tower At Honua Kai, This Beautifully Appointed One-bedroom, One-bath Residence Offers A Private Retreat Framed By The Dramatic Beauty Of The West Maui Mountains And Glimpses Of The Pacific Ocean. Rainbows ...
Residential
3300 Wailea Alanui Dr, Unit 47a, Wailea/makena, HI
MLS® #405098
Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-276-5330
Welcome To This Charming 1-bedroom, 2-bath Condo In The Coveted Wailea Ekahi Oceanfront Complex. This Ground-floor Unit Offers Seamless Indoor-outdoor Living With No Stairs And A Private Covered Lanai Which Connects To A Lush Greenbelt That Has Wonderful V...
Residential
760 S Kihei Rd, Unit 404, Kihei, HI
MLS® #405526
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-5460
Hotel Zoned, One-of-a-kind Stunning Remodel At Menehune Shores. Ocean, Maalae'a And West Maui Mountain Views Abound As You Step Through The Front Door. So Many Luxury Touches Throughout Make This Condo Live Like A Home. The Chef Inspired Kitchen Has Been Co...
Residential
2481 Kaanapali Pkwy, Unit 720, Kaanapali, HI
MLS® #405599
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525
Whaler 720- Welcome To Whaler At Kaanapali Beach! This Stunning Seventh-floor Unit Offers Breathtaking Ocean Views That Stretch Out Towards The Enchanting Island Of Molokai, Promising A Unique And Captivating Scene That Changes With Every Glance. Step Insi...
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