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.
Front Row Beachfront Villa Sophisticated Remodel Completed January 2025!! New, Elegant, Fresh & Contemporary! Professional Video Available. Once In A Generation Opportunity To Own The Finest Fully Furnished Turn-key Beachfront Villa With The Convenience Of ...
Listed By: Island Sotheby's Int'l Rlty(W) Office Contact: Cell: 808-283-7965
Presenting 400 Mehana Road, A Distinguished Oceanfront Estate On Maui's Famed North Shore, Featuring A Quarter Mile Of Pristine Coastline And 180-degree Pacific Ocean Views. The Primary Residence Spans 5,403 Square Feet With 3 Bedrooms And 3.5 Bathrooms, Si...
4000 Wailea Alanui Dr, Unit 102, Wailea/makena, HI
MLS® #403646
Listed By: Wailea Point Realty, Inc. Office Contact: realty@waileapoint.com
The Finest Condominium Residence In Hawaii. Located 75 Feet From The Surveyed Shoreline And 56 Feet Above Sea Level. Views Expand More Than 180 Degrees And Exceed Any Superlatives. You Feel Like You “own” Magnificent Wailea Beach And The Vast Ocean Beyond, ...
4851 Lower Honoapiilani Rd, Napili/kahana/honokowai, HI
MLS® #404353
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-250-1583
This Contemporary Polynesian-style Oceanfront Gated Estate Is Architecturally Designed To Maximize Ocean Views. 4851 Lower Honoapiilani Road Is Built With The Highest Quality, High-tech Materials, And Finishes. 10-foot Motorized Pocket Doors Create Seamless...
Listed By: Coldwell Banker Island Prop-Ku Office Contact: Cell: 808-563-3268
Maui Direct Oceanfront Luxury Living At Its Finest!! Welcome To The Sunny Side Of Maui, And The Peaceful Halama Street Neighborhood. This 4 Bedroom, 3.5 Bathroom Home Exudes Luxurious Living In Paradise. Catch The World Famous Maui Sunsets From The Large La...
Where Luxury Meets Aloha! By Far The Best Wailea Point $psf Value! A Perfect Lock N' Leave Multi-generational Compound. The Only 5 Bedroom 6 Bathroom Condo Residence Available In The Prestigious Wailea Resort On Maui. This Legacy Double Unit Is Fully Furnis...
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-250-1583
An Exceptional Opportunity To Own A Private, Pastoral Gated Oceanfront Estate With 127 Feet Of Lineal Ocean Frontage On A Lot Just Under One-acre In Size With Close Proximity To Haycraft’s Beach Park In Maalaea. Set Amidst Tropical Landscaping, Both The Pla...
3800 Wailea Alanui Blvd, Unit Ph405, Wailea/makena, HI
MLS® #404028
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-283-6262
Discover An Exceptional Opportunity To Own In One Of Maui’s Highly Coveted Ocean Front Properties, Wailea Beach Villas. Penthouse 405 Offers A Stunning 3-bedroom, 3-bathroom Floor Plan With Breathtaking Panoramic Views Of Wailea Beach, Molokini, Kaho'olawe,...
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-870-7060
Wow! The Only Penthouse At The Ritz Carlton Kapalua Is Now Available! This Very Unique Condominium Apartment Encompasses The Entire Oceanside Top Floor Of The North Tower With Approximately 2,558 Square Feet Of Interior Living Plus A Lanai Of Approximatel...
Listed By: Hawaii Life (L) Office Contact: Cell: 808-280-1390
Are You Ready To Swim With Turtles Instead Of Mowing The Lawn? The Pacific Is Your Front Yard In This Artistic Polynesian Pole House With Ocean Access And Over 100 Feet Of Dramatic Ocean Frontage In Napili. Located At The Tip Of The Point In The Private Gat...
Listed By: Hawaii Life (W) Office Contact: Cell: 808-283-2222
North Shore Maui Estate That Blends Luxury And Oceanfront Living. Located In Boho-chic Paia Town And Tucked Away In The Charming Neighborhood Of Ku’au, This Property Serves As A Staging Ground For A Healthy Lifestyle. A Beautifully Crafted Wood Entry Door W...
3800 Wailea Alanui Blvd, Unit J505, Wailea/makena, HI
MLS® #404004
Listed By: Coldwell Banker Island Prop-Ku Office Contact: Cell: 808-250-6754
Welcome To Wailea Beach Villas J505, An Exquisite Penthouse Villa Perched On The Top (5th) Floor Of The Prestigious Wailea Beach Villas Resort. Recently Updated In Summer 2023, This Remarkable Residence Offers Expansive, Direct West-facing Panoramic Views O...
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
