Posted by Courtney M. Brown on Monday, January 27th, 2020 at 12:57pm.
View Goals! 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 and activity tend to be highest in the resort areas of West and South Maui, and along the North Shore.
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. Comparing 2019 with 2018, it's noteworthy that the number of sales is down 30% and the sales volume down 57%.
Please note the 2019 statistics no longer include 6 sales in the Makena Resort by Discovery Land Co. that were reclassified in our MLS from Beachfront to Across the Street from the Ocean on 12/13/2019. This removed $60,162,136 million from the oceanfront home sales statistics that were previously posted in the blog post on 11/30/2019. That inventory had increased the average Days on Markets stat as escrow could only close when construction was complete. In addition, the average Sales Price and SP/Sq. Ft. dropped.
It is also worth noting 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. This can mean great opportunities for buyers of oceanfront properties as the inventory has built considerably, with approximately 3 years worth of inventory.
We are already starting to see more pending escrows with 8 homes pending now vs. 4 in 11/2019. It is interesting to note that all but one of the pending sales is under $5,000,000, with a high sale pending at $10,880,000.
| Year | Sales | Volume | Avg SP | Avg SP$/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 | 16 | -30% | $64,454,049 | -57% | $4,028,378 | -37% | $1288 | -27% | 285 | 28% | 88% |
| Oceanfront Homes | All Maui | West Maui | South Maui | North Shore | East Maui | Central Maui |
| Active Listings | 48 | 15 | 14 | 12 | 6 | 1 |
| Low List Price | $750,000 | $2,200,000 | $3,298,000 | $999,000 | $750,000 | $1,900,000 |
| Average List Price | $8,140,937 | $10,882,000 | $11,259,571 | $4,390,833 | $2,551,833 | $1,900,000 |
| High List Price | $37,500,000 | $37,500,000 | $27,498,000 | $12,000,000 | $6,500,000 | $1,900,000 |
| Average LP/Sq. Ft. | $2408 | $2889 | $3,469 | $1178 | NA | NA |
| Pending Sales | 8 | 3 | 1 | 4 | 0 | 0 |
| Average List Price | $3,671,237 | $5,558,333 | $3,350,000 | $2,336,225 | 0 | 0 |
| Supply of Inventory* | 36 months | 45 months | 42 months | 48 months | NA | NA |
| 2020 YTD Sales | 0 | NA | NA | NA | NA | NA |
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.
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. The highest asking price in South Maui is $27,498,000.
These compare 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
2481 Kaanapali Pkwy, Unit 769, Kaanapali, HI
MLS® #401844
Listed By: Monte D Fitts REALTOR
Whaler 769 Has Been Owned By One Family For The Last 35 Years. It's Never Been In A Rental Program And It Shows. The Property Is Offered Turnkey For Rentals Or Is Ready As Your Own Retreat. Its Location High On The South Side Of Tower 2 Offers Views Of T...
Residential
12 S Kihei Rd, Unit G10, Kihei, HI
MLS® #400341
Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-268-0691
This Rare Location With Breathtaking Ocean Views Is A Must See! Ma'alaea Surf Is A Low Density, 59 Units Over 5 Acres Hidden Gem On The Beach. Enjoy Walking Miles Of Sugar Beach All The Way To Ma'alaea Harbor! The Resort Has Two In-ground Pools, Basketball...
Residential
1 Ritz Carlton Dr, Unit 1125, Kapalua, HI
MLS® #402141
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Experience The Ultimate Luxury And Privacy In A Newly Reimagined Ritz Carlton Kaplaua Residences After A Perfect Maui Day. This Ground-floor Unit Opens Up Onto A Large Lawn And Is One Of The Most Private Settings In The Complex. This Popular Vacation Rental...
Residential
130 Kai Malina Pkwy, Unit Nr 110, Kaanapali, HI
MLS® #401676
Listed By: Maui Resort Realty
Office Contact: hugh@hughoreilly.com
Konea 110 Is A Unique Opportunity To Own A Spacious One-bedroom Ground-floor Residence At The Coveted Honua Kai Resort. It Is The First Ground-floor One-bedroom Unit To Become Available Since March 2022, Making It A Truly Rare Find. Ground-floor Living Off...
Residential
130 Kai Malina Pkwy, Unit Nr415, Kaanapali, HI
MLS® #402098
Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234
A Konea Studio Is Now Available For Sale At Honua Kai Resort And Spa, A Hotel-zoned Eligible Short-term Vacation Rental Property! You Can Own This Spacious Home Located On The Fourth Floor Of The Konea Building And Enjoy Its Private Lanai With Fabulous Oce...
Residential
760 S Kihei Rd, Unit 421, Kihei, HI
MLS® #401533
Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-6473
Darling I Love You, But Give Me A Maui View...any Day, Anytime!! Opportunity Knocks...hotel-zoned Airbnb! Walk In And Experience The Oohs And Aaahs Of Maui Beachfront Living In This Gorgeous, Updated 2bed/2bath Condo Here At Menehune Shores, In Kihei! To...
Residential
4909 Lower Honoapiilani Rd, Unit D3, Napili/kahana/honokowai, HI
MLS® #399736
Listed By: Hawaiian Islands Mgmt. LLC
Ocean Front Complex. Kahana Sunset D-3 Located On Keonenui Bay, Steps Away From The Beach, 2 Bed, 2.5 Baths , Beautifuly Remodeled.one Master Bedroom Is Located Upstairs With Full Ocean Views And Lanai.2nd Master Bedroom Is Also Upstairs. Each Bedroom Has I...
Residential
5290 Lower Honoapiilani Rd, Unit A-1, Napili/kahana/honokowai, HI
MLS® #401970
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-280-6359
Napili Point I Boasts An Exceptional Oceanfront Location On The West Side Of Maui, Offering Breathtaking Views. This One-bedroom, One-bathroom Unit Is Positioned On "the Point," Making It The Closest Unit To The Footpath Leading To Crescent-shaped Napili Ba...
Residential
2994 S Kihei Rd, Unit 205, Kihei, HI
MLS® #401543
Listed By: Compass
Office Contact: Cell: 808-280-0788
Hale Hui Kai Is Directly On Keawakapu Beach Offering 40 Boutique Vacation Rental Condos In A Very Convenient Location. Rarely Available, At The Time Of This Listing, It Is The Only Condo Active On The Market. Enjoy Stunning And Panoramic Ocean And Sunset Vi...
Residential
3445 Lower Honoapiilani Rd, Unit 737, Kaanapali, HI
MLS® #401512
Listed By: Hawaii Lani Realty
This Luxurious 2 Bedrooms, 2 Bathrooms, Bright Ambient Living Room Area With Fully Furnished Kitchen, Equipped With Glass Cook-top Electric Range W/oven, Microwave, Dishwasher, Granite Countertops, Custom Kitchenware Cabinetry, Complimented With An Island G...
Residential
4865 Uakea Rd, Unit 207, Hana, HI
MLS® #400021
Listed By: Nathalie Mullinix Rlty Univers
Kailani Suite At Hana Kai Resort. Spectacular 1 Bedroom 1 Bathroom Ocean Front Property Condo In Hana. Top Floor Corner Unit. Panoramic Ocean View With Sounds Of The Ocean From Every Room. Maintenance Fee Includes Electric, Refuse, Water, Common Areas, Laun...
Residential
3300 Wailea Alanui Dr, Unit 48e, Wailea/makena, HI
MLS® #400991
Listed By: Romvari Realty Ltd
This Exceptional Condo At Wailea Ekahi Is A Luxurious Paradise Perched Above The Renowned Keawakapu Beach. Situated On The Top Floor, This Turn-key End-unit Boasts An Exclusive Private Entry And Offers Expansive Tropical Gardens, Ocean Views, And Breathtaki...
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.
Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty