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

306 Properties Found. Page 8 of 26

Large Pricing Improvement! If You’re Looking F...

Photo of Listing #400676

$3,000,000 Pending Fee Simple

  • 2 Beds
  • 2 Baths
  • 34.82 Acres
  • 1,315 ft²

Residential

130 Kai Malina Pkwy, Unit Nr705, Kaanapali, HI

MLS® #400676

Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234

Large Pricing Improvement! If You’re Looking For The Best, Look No Further. It’s Konea 705. Enjoy The Unobstructed Ocean Views From This 7th Floor 2-bedroom 2 Bathroom Home. The Owners Have Kept K705 In Immaculate Like-new Condition. Enjoy Watching The ...

Undoubtedly One Of The Best Locations In All Of...

Photo of Listing #400855

$2,995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,214 ft²

Residential

110 Kaanapali Shores Pl, Unit 719, Kaanapali, HI

MLS® #400855

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-385-1528

Undoubtedly One Of The Best Locations In All Of West Maui! Mahana 719 Is A Very Rare Location On The Southern Oceanfront Corner Of The Lana'i Tower Offering Amazing Ocean Views Of North Kaanapali Beach, Black Rock, And The Neighbor Islands Of Lana'i And Mol...

Welcome To Hokulani 836, A Prized Gem In The Re...

Photo of Listing #400607

$2,995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,240 ft²

Residential

130 Kai Malina Pkwy, Unit Sr836, Kaanapali, HI

MLS® #400607

Listed By: Maui Westside Properties

Welcome To Hokulani 836, A Prized Gem In The Renowned Honua Kai Resort In Kaanapali. Located On The 8th Floor Of The Hokulani Tower, This 2 Bedroom, 2 Bath, 1240 Sq Ft Corner Unit Offers A Unique Vantage Point With Panoramic Ocean Views Stretching From The ...

This Stunning Corner Unit With Phenomenal Views...

Photo of Listing #401438

$2,995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,178 ft²

Residential

110 Kaanapali Shores Pl, Unit 211, Kaanapali, HI

MLS® #401438

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-276-6061

This Stunning Corner Unit With Phenomenal Views Of The Crystal Clear Kaanapali Waters Lapping Up On The Beach Below, Also Features The Bi-island Views Of The Molokai And Lanai As A Backdrop. The Orientation Of This Luxury Apartment Allows For Delicious Trad...

Mahana #811 Is Today's Best Opportunity To Own ...

Photo of Listing #401488

$2,995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,178 ft²

Residential

110 Kaanapali Shores Pl, Unit 811, Kaanapali, HI

MLS® #401488

Listed By: Hawaii Life (L)
Office Contact: Cell: 808-281-2178

Mahana #811 Is Today's Best Opportunity To Own A 2bd/2ba Direct Beachfront, Corner Residence Hotel Zoned Maui Vacation Rental. Jaw Dropping Unobstructed Views And Stellar Historical Income Production Gets You Off The Fence To Invest Today. She's Stunning Wi...

Nestled On The South Side Of The Hokulani Tower...

Photo of Listing #400492

$2,950,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,100 ft²

Residential

130 Kai Malina Pkwy, Unit Sr712, Kaanapali, HI

MLS® #400492

Listed By: Maui Westside Properties

Nestled On The South Side Of The Hokulani Tower, Hokulani 712 Is A Well-maintained 2 Bedroom, 2 Bath Condo Offering A Comfortable 1,100 Sq. Ft. Of Interior Living Space, Complemented By A Generous 235 Sq. Ft. Lanai. This Unique Property Boasts Stunning Ocea...

Enjoy The Ka'anapali Beach Lifestyle In This Im...

Photo of Listing #399927

$2,950,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,690 ft²

Residential

50 Nohea Kai Dr, Unit 4-605, Kaanapali, HI

MLS® #399927

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-276-6443

Enjoy The Ka'anapali Beach Lifestyle In This Immaculate 2-bedroom/2-bath Unit At The Highly Desired Ka'anapali Alii Luxury Condominium Resort. This Turn-key, Fully Furnished Condo Has Recently Been Enhanced With Beautiful New Artwork In Every Room And The ...

Modern Sophistication Meets The Ka’anapali Luxu...

Photo of Listing #400619

$2,950,000 Pending Fee Simple

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,669 ft²

Residential

50 Nohea Kai Dr, Unit Ii-806, Kaanapali, HI

MLS® #400619

Listed By: Gregory Harbottle, Inc

Modern Sophistication Meets The Ka’anapali Luxury Lifestyle In This Stunning Residence. Combined With Exquisite Finishes, Modern Furnishings And Panoramic Views Of The West Maui Mountains, Unit 2-806 Is The Perfect Combination Of Contemporary Elegance And C...

Kaanapali Alii 4-501 "welcome To Your Oceanfron...

Photo of Listing #401541

$2,950,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,441 ft²

Residential

50 Nohea Kai Dr, Unit 4-501, Kaanapali, HI

MLS® #401541

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525

Kaanapali Alii 4-501 "welcome To Your Oceanfront Paradise! This Unit Has Been Uniquely Remodeled To Feature 3 Separate Sleeping Spaces. Originally Designed As A One Bedroom + Spacious Den, The Owner Has Extensively Reconfigured The Space. This Stunning Cond...

Discover Your Dream Escape In Konea 1026, A Top...

Photo of Listing #400232

$2,850,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 34.82 Acres
  • 1,285 ft²

Residential

130 Kai Malina Pkwy, Unit Nr1026, Kaanapali, HI

MLS® #400232

Listed By: Maui Westside Properties

Discover Your Dream Escape In Konea 1026, A Top-floor Haven Nestled In The Honua Kai Resort In Kaanapali Maui. This Exquisite 1285 Sq Ft Condo Offers Two Bedrooms And Two Baths, With Stunning Ocean And Mountain Views From Its 10th-floor Vantage Point. Step...

Kaanapali Shores #502: The Banging Bohemian Sty...

Photo of Listing #400439

$2,850,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,507 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 502, Kaanapali, HI

MLS® #400439

Listed By: Hawaii Life (L)
Office Contact: Cell: 808-281-2178

Kaanapali Shores #502: The Banging Bohemian Style 5th. Floor Direct Beachfront 2bd./2ba. Hotel Zoned Vacation Rental. This Serene And Panoramic Residence Is A Stellar Ocean View Home Away From Home And Strong Historical Rental Performer. This Is The Ultimat...

Driving Down Kaanapali Shores Place Under The C...

Photo of Listing #400979

$2,800,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,178 ft²

Residential

110 Kaanapali Shores Pl, Unit 501, Kaanapali, HI

MLS® #400979

Listed By: Maui Paradise Properties LLC
Office Contact: 808-661-1535

Driving Down Kaanapali Shores Place Under The Canopy Shade Of The Magnificent Monkeypod Trees, You Feel Time Has Slowed Down And You Have Stepped Into The Tropical Paradise Of Yesteryear. The Mahana Is One Of The Most Luxurious Direct Oceanfront Properties ...

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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