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
145 N Kihei Rd, Unit 502, Kihei, HI
MLS® #405314
Listed By: Compass-W
End Unit Means Large An Extra Large Window That Overlooks The Kealia Pond As Well As The Ocean Blue For Whales & Sunsets. Sugar Beach Resort On Maui's South Shore Rests On Five Miles Of Sandy Beach. This Hotel Zoned Resort (which Allows For Vacation Rentals...
Residential
3445 Lower Honoapiilani Rd, Unit 612, Kaanapali, HI
MLS® #403879
Listed By: Real Broker LLC
Office Contact: ReneSellsMaui@gmail.com
Hotel Zoned. This One-bedroom, One-bath Ocean & Mountain View Unit Is Located On The North-facing Quiet Side Of Kaanapali Shores. The Owner Has Upgraded The Entire Lanai Sliding Door And Side Windows And Updated The Bathroom Ceiling With Led Lighting. Oc...
Residential
3543 Lower Honoapiilani Rd, Unit E205, Napili/kahana/honokowai, HI
MLS® #405145
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-359-4245
Experience The Beauty Of Maui From This Nicely Updated Vacation Rental With Breathtaking Ocean Views. Stay Cool And Comfortable Year-round With A Split-system Ac In Both The Living Room And Bedroom, Updated Window Coverings, And New Sliding Glass Doors. Nes...
Residential
5315 Lower Honoapiilani Rd, Unit H165, Napili/kahana/honokowai, HI
MLS® #405180
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-2222
This Pristine and Updated One-bedroom, One-bathroom Condo Offers A Perfect Mix Of Resort-style Living And Hawaiian Charm In One Of Maui's Most Coveted Locations. Napili Shores' Hotel Zoning Provides Remarkable Flexibility For Both Personal Use And Generatin...
Residential
5315 Lower Honoapiilani Rd, Unit F-252, Napili/kahana/honokowai, HI
MLS® #405405
Listed By: Compass
Office Contact: Cell: 808-281-2178
Turn Your Compass To Napili Shores F-252 Where You Will Find, Beautifully Kept Hotel Zoned One-bedroom Ocean View Condo That Is 100 Yards To Napili Bay. This Vacation Rental Residence Features Ocean, Molokai Island, Gazebo Restaurant, And Verdant Mauna Kah...
Residential
4909 Lower Honoapiilani Rd, Unit D3, Napili/kahana/honokowai, HI
MLS® #399736
Listed By: Hawaiian Islands Mgmt LLC
Just Reduced!!! - $900,000-ocean Front Complex. Kahana Sunset D-3 Located On Keonenui Bay, Steps Away From The Beach, 2 Bedrooms, 2.5 Baths , Beautifuly Remodeled New Furniture. Upgraded Front Door And Guest Bedroom Window!! Ac Upgraded!! One Master Bedro...
Residential
4909 Lower Honoapiilani Rd, Unit D7, Napili/kahana/honokowai, HI
MLS® #404589
Listed By: Sullivan Properties Inc
Kahana Sunset D7 Is A Remodeled Two Bedroom Two Bath Townhouse Condo Which Looks Out Over The Pool And Courtyard And Beyond To The Island Of Molokai Along With Spectacular West Maui Sunsets! Enjoy The Comfort Of The Split System Air Conditioning Which Servi...
Residential
3445 Lower Honoapiilani Rd, Unit 309, Kaanapali, HI
MLS® #404967
Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-8776
Welcome To Kaanapali Shores 309, A Beautiful Oversize 1-bedroom, 1-bathroom Ocean-view Retreat. These 806 Square Foot Condos Have Expansive Living Areas With Open Ocean Views From The Interior. Because There Are So Few Of This Floor Plan That Ever Come To M...
Residential
3445 Lower Honoapiilani Rd, Unit 311, Kaanapali, HI
MLS® #405991
Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-8776
Welcome To Unit 311 At Kaanapali Shores, A Beautifully Upgraded Ocean-view Condo Offering The Perfect Blend Of Comfort, Functionality, And Tropical Elegance. Located In One Of West Maui’s Most Sought-after Oceanfront Resorts, This Spacious Unit Is Ideal As ...
Residential
4095 Lower Honoapiilani Rd, Unit 109, Napili/kahana/honokowai, HI
MLS® #403163
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-345-7654
Rare Offering. This Special 1 Bedroom, 1 Bath Condominium At Noelani Was One Of The First Picks By The Original Owners In 1975 And Has Been In The Family Ever Since. Its Location Is Perfect: Private With A Park-like Setting, Yet Close To The Gated Pool And ...
Residential
4401 Lower Honoapiilani Rd, Unit A-103, Napili/kahana/honokowai, HI
MLS® #403984
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000
Wonderfully Remodeled Ground Floor 2bd Unit At Hololani, With An Expanded Kitchen To Allow More Counter Space And More Storage. The Floorplan Was Reconfigured To Allow Larger Bedrooms And More Functional Bathrooms. There Really Isn't Another Unit Like A103...
Residential
4401 Lower Honoapiilani Rd, Unit A502, Napili/kahana/honokowai, HI
MLS® #405153
Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-6473
Hotel Zoned Airbnb!! Priced To Sell! Ocean Front 2-bedroom Unit Fee Simple Fully Turnkey. Step Into Your Island Paradise With This Stunning 5th-floor Unit At Hololani, A Popular Boutique High-rise Condo Complex Along Kahana Bay. Imagine Waking Up To Bre...
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