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.
3601 Lower Honoapiilani Rd 201, Napili/kahana/honokowai, HI
MLS® #408389
Listed By: Maui Luxury Real Estate LLC
Oceanfront Elegance In Paradise ~ Where The Waves Meet Perfection, Paki Maui 201 Stands As A Front-row Seat To Maui’s Most Captivating Oceanfront Experience. This Stunning Two Bedroom, Two Bath Residence Blends Modern Coastal Luxury With The Timeless Allure...
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-495-6236
Remodeled In 2007 And Thoughtfully Refurnished In 2025, This Exceptional One-bedroom, One-bathroom Top Floor Beachfront Condominium Offers A Premier Location Directly On Sugar Beach—one Of Maui’s Longest Stretches Of Pristine White Sand. Residents And Guest...
Listed By: Hawaii Life (W) Office Contact: Cell: 808-870-8668
This Spectacular Unit Is Located On The Desirable Second Floor Of The Aloha Tower With A Rare Oversized 313 Ft Lanai To Enjoy The Tropical Setting And A Glimpse Of Ocean View! Remodeled Top To Bottom In 2022 With Beautiful Luxury Vinyl Flooring Throughout,...
Listed By: Keller Williams Realty Maui-L Office Contact: Cell: 808-870-2525
Whaler 761- Experience The Best Of Beachfront Living At The Whaler On Kaanapali Beach From This Beautifully Updated Seventh-floor Studio Unit Offering Lovely Ocean Views And A Desirable Sense Of Privacy. The Spacious Interior Features Mirrored Walls, A Cus...
3543 Lower Honoapiilani Rd G-103, Napili/kahana/honokowai, HI
MLS® #407686
Listed By: Hawaii Life (W) Office Contact: Cell: 808-269-7841
If You’re Dreaming Of Beachfront Living At Its Finest, Look No Further Than Unit G103 At Papakea Resort. This Exceptional 2-bedroom, 2-bath, Ground-floor Condo Invites You To Step Straight Into Paradise The Moment You Arrive. Beautifully Remodeled In 2018, ...
Listed By: Maui Real Estate Advisors LLC Office Contact: 808-875-4444
Few Locations Capture The Essence Of Direct Oceanfront Living Quite Like This, Where Sunrise Ignites The Horizon, Winter Whales Breach Offshore, And Moonlight Glides Across The Pacific. Welcome To Maalaea Kai #403, A Rare Two-level, 2-bedroom, 2-bathroom F...
Huge Price Drop!!! Your Chance To Own Prime Maui Real Estate! Kihei Surfside 213 Is A Direct Oceanfront 1-bedroom, 1.5 Bath Condo In One Of South Maui's Most Sought-after Complexes—perfect For A Vacation Rental Investment Or Personal Enjoyment. This Unit Of...
Listed By: Hawaii Life (W) Office Contact: Cell: 808-283-8192
Oceanfront Ease At Sugar Beach Resort. Experience The Calm And Beauty Of Maui Living In This Remodeled Ground-floor Condo At Sugar Beach Resort — Where Ocean Views Fill Your Days And The Sound Of Gentle Waves Sets The Pace. Just Beyond Your Lanai Stretche...
3875 Lower Honoapiilani Rd A-401, Napili/kahana/honokowai, HI
MLS® #404234
Listed By: Coldwell Banker Island Prop(Ka) Office Contact: Cell: 808-385-4665
Extremely Rare Opportunity To Own The One And Only 3bd/3bth, Corner Penthouse Unit At The Oceanfront Vacation Rental Complex Of Hale Mahina. Upon Entry You Are Greeted With Impressive Vaulted Ceilings. Immediately Your Eyes Will Be Drawn To Your Private Lan...
Luxuriate In The Serenity Of Island-style Living At The Highly Sought-after Luana Kai Resort In Sunny South Maui. Find Yourself In A Tropical Paradise, As You Enter Into This Tastefully-remodeled 2 Bedroom, 2 Bathroom Condo With Exquisite Views. High Vaulte...
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Welcome To Kauhale Makai 533, Also Known As Village By The Sea. Beautifully Renovated Direct Oceanfront Condominium Located In The Heart Of Kihei, Maui. This Two-bedroom, Two-bathroom Unit Offers Stunning Views Of The Pacific Ocean, Where You Can Watch Maje...
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
