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
1 Bay Dr, Unit 4505, Kapalua, HI
MLS® #403602
Listed By: Compass
Office Contact: Cell: 808-283-3436
Rare, Turnkey 5th Floor Elevation Hotel Residence At Montage Kapalua Bay- One Of The Highest Locations On The Property, Offering A "premier Oceanview Residence" Category. This Home Is Hotel-zoned For Nightly Rentals In A 5-star Resort Allowing Access To Mon...
Residential
34 Papaua Pl, Napili/kahana/honokowai, HI
MLS® #404727
Listed By: Keller Williams Realty Maui-Ki
Office Contact: Cell: 808-859-2086
Perched Above The Pristine Waters Of Honokeana Cove, 34 Papaua Place Offers A Front-row Seat To Maui’s Breathtaking Coastline And An Extraordinary Opportunity To Create Your Dream Home. This Ocean Front Architect Designed Masterpiece Is The Perfect Canvas F...
Residential
130 Kai Malina Pkwy, Unit Nr829, Kaanapali, HI
MLS® #405063
Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234
A Three-bedroom With An Unobstructed Ocean View Is Now Available For Purchase At Honua Kai. Located On The 8th Floor You Will Enjoy A Panoramic View Of The Pacific Ocean While Sitting On Your Expansive Lanai. There's An Ocean View To Behold From Every Roo...
Residential
1 Bay Dr, Unit 4406, Kapalua, HI
MLS® #405208
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-446-5841
Your Luxurious Home Away From Home Awaits You At The Prestigious Montage Residences Kapalua Bay. Unit 4406 Offers Stunning Ocean Views From The Lanai, Living Room, Primary And Secondary Bedrooms And Spectacular Mountain Views From The Third Guest Bedroom. W...
Residential
1 Bay Dr, Unit 3503, Kapalua, HI
MLS® #405113
Listed By: Keller Williams Realty Maui-Ki
Office Contact: Cell: 808-371-6475
Luxury Oceanfront Living At Montage Kapalua Bay – Residence 3503 Poised On The Fifth Floor Of The Prestigious Montage Kapalua Bay, Residence 3503 Is A Rare Opportunity To Own A Luxurious Oceanfront Retreat In One Of Maui’s Most Sought-after Resorts. This Sp...
Residential
3800 Wailea Alanui Dr, Unit J 106, Wailea/makena, HI
MLS® #405335
Listed By: Keller Williams Realty Maui-Ki
Office Contact: Cell: 808-250-5690
Nestled Within The Prestigious Wailea Beach Villas, One Of Maui’s Most Coveted Oceanfront Properties On The #1 Island In The World, This 1,899 Sq. Ft. Villa Offers An Unparalleled Blend Of Sophistication, Exclusivity, And Privacy Across 10 Lush Tropical Acr...
Residential
1 Bay Dr, Unit 6302, Kapalua, HI
MLS® #403635
Listed By: Compass
Office Contact: Cell: 808-385-0882
This Is A Hotel Zoned Turnkey Opportunity At The Magnificent 5-star Resort, Montage Residences At Kapalua Bay. Secluded And Tranquil, Stand Alone Building 6, The Molokai Wing, Sits Conveniently Positioned With Its Own Separate Driveway To This Coastal Resor...
Residential
130 Kai Malina Pkwy, Unit Sr325, Kaanapali, HI
MLS® #403317
Listed By: Island Sotheby's Int'l Rlty(W)
Office Contact: Cell: 808-385-6564
Welcome To Hokulani 325! This Stunning Oceanfront Condo Offers Unparalleled Views And Luxurious Living In One Of The Most Sought-after Resort Areas In Kaanapali. From The Moment You Step Inside, You'll Be Greeted By An Open-concept Design That Maximizes The...
Residential
1 Bay Dr, Unit 5104, Kapalua, HI
MLS® #404569
Listed By: Compass
Office Contact: Cell: 808-283-3436
Welcome To Montage Residences Kapalua Bay, Where Residence 5104 Offers Unparalleled Beauty And Tranquility. This Luxury Condominium, With Its Private Ground Floor Location, Seamlessly Blends Indoor Comfort With Outdoor Splendor. Highlighted By Captivating G...
Residential
1 Bay Dr, Unit 2204, Kapalua, HI
MLS® #405643
Listed By: Compass
Office Contact: Cell: 808-283-3436
Welcome To Residence 2204 At Montage Kapalua Bay– Your Coastal Retreat. This Exquisite Home Offers An Open Concept Living Area With A Gracious Lanai And Bbq Area, Providing Breathtaking Ocean Views And Whale Watching Right Outside Your Door. It's Exceptiona...
Residential
130 Kai Malina Pkwy, Unit 329, Kaanapali, HI
MLS® #405715
Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-283-8771
Premiere Location On The 3rd Floor Of The Konea Building—offering A Wonderful Connection To The Inner Courtyard Activities And Creating An Ideal Setting For “people Watching”, Whether In The Apartment Or On The Lanai. The Front Door Is Just Steps From The E...
Residential
4400 Makena Rd, Unit 408, Wailea/makena, HI
MLS® #401483
Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-385-1336
Now Offered Below Appraised Value - An Exceptional Opportunity To Llve On The Beach In The Heart Of Wailea/makena. This Premier Category, Hotel Zoned Vacation Rental Is Like None Other. The Creative, Extensive And Elegant Remodel Redefines The Interior Livi...
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