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
110 Kaanapali Shores Pl 615, Kaanapali, HI
MLS® #407078
Listed By: Deep Blue HI
Live The True Essence Of What Maui Has To Offer. Welcome To The Mahana. This Beautifully Remodeled One-bedroom, Two-bath Condominium Is Located In One Of Maui’s Premier Oceanfront Resorts. Perfectly Positioned In The Heart Of Ka?anapali At The North End Of ...
Residential
3543 Lower Honoapiilani Rd L202, Napili/kahana/honokowai, HI
MLS® #407668
Listed By: Maui Rentals and Realty LLC
Completely Unobstructed Views Of The Ocean, Lana'i And Moloka'i From Both The Master Bedroom And The Lanai From Papakea L202! This Second Floor Two Bedroom, Two Bath Unit, Features Granite Countertops, Custom Cabinetry, Nice Window Treatments, Split Zone A/...
Residential
760 S Kihei Rd 304, Kihei, HI
MLS® #407821
Listed By: Maui Real Estate Advisors LLC
Office Contact: 808-875-4444
Welcome To Your Stunning Ocean And Mountain Views From This Beautifully Updated 2-bedroom, 2-bathroom Condo In South Maui. Located In A Hotel-zoned Oceanfront Condominium Complex, This Unit Is Currently Operating As A Highly Rated Vacation Rental With Consi...
Residential
50 Nohea Kai Dr 2-1106, Kaanapali, HI
MLS® #406154
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-250-5948
Welcome To Your Dream Vacation Rental Condominium At Kaanapali Alii, Where Paradise Meets Luxury. This Exquisite Penthouse 2-bedroom, 2-bathroom Condo Offers The Perfect Blend Of Comfort, Convenience, And Breathtaking Mountain Views And Is A Leasehold Prope...
Residential
50 Hauoli St 411, Maalaea, HI
MLS® #404314
Listed By: Compass-W
Direct Oceanfront Penthouse Three Bedrooms With En-suites In Every Bedroom And Private Elevator. Situated On Maui’s Sunny South Shore, Yet Centrally Located So You Can Move About Maui With Ease. This Heavily Booked Condominium Is Complimented With High End ...
Residential
130 Kai Malina Pkwy Sr530, Kaanapali, HI
MLS® #406801
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525
Honua Kai’s Unit 530 In The Hokulani Tower Has Everything You Are Looking For In A Beach Front Resort. This Well Cared 765sqft 1 Bedroom Unit Boasts Gorgeous Views Of The West Maui Mountains, An Open Floor Plan With Granite Counter Tops, Stainless Steel App...
Residential
3543 Lower Honoapiilani Rd L-302, Napili/kahana/honokowai, HI
MLS® #407600
Listed By: Compass
Office Contact: Cell: 808-757-8053
Views, Views & More Views! Welcome To Papakea Resort—where Oceanfront Living Meets The Ultimate Maui Vacation Lifestyle. This Rare Fee Simple 2-bedroom, 2-bath Condo Puts The Primary Bedroom Right On The Oceanfront, So You Can Fall Asleep To The Sound Of Th...
Residential
5295 Lower Honoapiilani Road Rd B-5, Napili/kahana/honokowai, HI
MLS® #407646
Listed By: Maui Paradise Properties LLC
Office Contact: 808-661-1535
A Great Opportunity For New Ownership...fabulous Direct Oceanfront Condo At Napili Point 1. Excellent Location For This Beautifully Upgraded Direct Oceanfront Condo, Showcasing Breathtaking Panoramic Ocean Views And Spectacular Sunsets All Year Long! Enjoy...
Residential
3823 Lower Honoapiilani Rd 209, Napili/kahana/honokowai, HI
MLS® #405606
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-870-3434
There's Oceanfront, And Then There's Oceanfront. This Rarely Available, Two-bedroom Two-bath Oceanfront, End Unit At Hale Ono Loa Sits Right Above The Beautiful Blue Pacific. From Your Covered Lanai (and Almost Anywhere In The Unit) Watch The Whales (season...
Residential
106 Kaanapali Shores Pl 901, Kaanapali, HI
MLS® #405429
Listed By: Real Broker
Office Contact: Cell: 949-231-9417
Wow! The Views!! Discover The Epitome Of Beachfront Living In This Meticulously Appointed 9th-floor, End Unit At The Prestigious Maui Kai, Where Panoramic Ocean Views And The Sounds Of Gentle Waves Create Your Daily Symphony Of Paradise. This Well-appointe...
Residential
3445 Lower Honoapiilani Rd 361, Kaanapali, HI
MLS® #404283
Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-205-2787
Discover The Ultimate Beachfront Lifestyle In This Rarely Available 2 Bed 2 Bath Oceanfront Condo At Kaanapali Shores. Located In One Of The Best Locations In The Complex, Unit 361 Has Significant Upgrades And All New Modern Furnishings, While Offering Unob...
Residential
110 Kaanapali Shores Pl 214, Napili/kahana/honokowai, HI
MLS® #405543
Listed By: Moffett Properties LLC
Office Contact: Cell: 808-344-4414
Stunning Direct Oceanfront Views From World Famous Kaanapali Beach! The Mahana Is A Highly Sought After Vacation Resort, And This Beautiful 1 Bedroom Unit Was Completely Remodeled In 2016.with Luxury Features Like Granite Countertops, Stainless Appliances,...
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