Posted
by Courtney M. Brown
on Monday, January 27th, 2020 at 12:57pm.
MAUI OCEANFRONT HOMES Market Update, January 2020
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 $10,880,000.
Maui Oceanfront Home Sales: Key Metrics 2014 to Present
Year
Sales
Volume
Avg SP
Avg SP$/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
16 | -30%
$64,454,049 | -57%
$4,028,378 | -37%
$1288 | -27%
285 | 28%
88%
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
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.
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/...
Listed By: Keller Williams Realty Maui-L Office Contact: Cell: 808-250-5948
Experience Breathtaking 180-degree Panoramic Ocean Views From This Highly Sought-after Penthouse Residence At The Mahana. Perfectly Positioned Oceanfront On The Golden Shores Of North Kaanapali Beach, This One-bedroom, One-bath Condominium Offers The Ultima...
Listed By: Living Maui Real Estate LLC Office Contact: Cell: 808-359-1161
Mahana At Kaanapali Is A Premier Oceanfront, Hotel-zoned Resort Located Directly On World-famous Kaanapali Beach. Known For Its Floor-to-ceiling Windows And Unmatched Proximity To The Shoreline, Mahana Offers Breathtaking Sunsets, Seasonal Whale Watching, A...
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...
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...
4299 Lower Honoapiilani Rd 134, Napili/kahana/honokowai, HI
MLS® #406900
Listed By: Compass-W
Enjoy Exceptional Sunset Views From This Spacious, Beautifully Updated Condo At The Desirable Sands Of Kahana Resort. Offering 1,580 Sq. Ft. Of Interior Space And Central Ac Throughout, This Condo Combines Luxurious Comfort And Convenience. The Remodeled Ki...
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...
3615 Lower Honoapiilani Rd 222, Napili/kahana/honokowai, HI
MLS® #408275
Listed By: Keller Williams Realty Maui-L Office Contact: Cell: 808-385-2918
This Beautiful Paki Maui Oceanfront Unit Is One Level, Recently Remodeled With New Vinyl Plank Flooring In The Bedrooms, New Furniture, Ceiling Fans, Shower Glass In Master And Blinds. Shows Like A Model. Granite Counters In The Fully Equipped Kitchen. The ...
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...
Fresh, Updated, And Full Of Possibilities! This 3-bedroom, 2.5-bath Home Sits On A Spacious 7,833 Sq. Ft. Lot In A Convenient Central Maui Location Close To Schools, Shopping, And The Kahului Airport. In 2025, The Home Received A Thoughtful Facelift From Fl...
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...
Listed By: Hawaii Life (L) Office Contact: Cell: 808-280-1390
Puamana - 21 Puapake Is One Of The First Buildings To Receive Permits To Rebuild Within This Coveted Oceanfront Neighborhood! Construction Is Slated To Begin May 2026 And Completed One Year Later. 21-2 Will Be Built Out As A 2-story Townhouse With A Spaciou...
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
