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.
3445 Lower Honoapiilani Rd, Unit 231, Kaanapali, HI
MLS® #404995
Listed By: Keller Williams Realty Maui-L Office Contact: Cell: 808-870-2525
Kaanapali Shores 231 - Welcome To This Charming One-bedroom, One-bath Condominium Located On The Second Level Of Kaanapali Shores. This Prime Unit Offers Convenient Parking And Access To The Outdoor Activities. From The Lanai You Will Find Beautiful Views O...
4365 Lower Honoapiilani Rd, Unit 907, Napili/kahana/honokowai, HI
MLS® #405378
Listed By: Berkshire Hathaway Maui Prop-L
Royal Kahana 907 Is A Beautifully Upgraded Fee Simple Oceanfront Condominium Offering Stunning, Unobstructed Views Of The Pacific Ocean And The Outer Islands From Its Desirable 9th-floor Location. This Spacious And Bright Residence Features An Open Floor Pl...
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-446-5350
Beachfront Penthouse Living At Its Best. Penthouse #06 Is 613 Sft, 1 Bedroom 1 Bath. "zoned Hotel/resort". Own A Sunset Ocean View Beachfront Condo At Sugar Beach Resort. Penthouse #6 Offers Easy Access To The Beach With Stunning Ocean Views And Year-round ...
3445 Lower Honoapiilani Rd, Unit 530, Kaanapali, HI
MLS® #406390
Listed By: Keller Williams Realty Maui-L Office Contact: Cell: 808-870-2525
Kaanapali Shores 530 - This Exquisite Fifth-floor Ocean View One-bedroom One-bath Unit Is Situated In A Great Location At The Beachfront Resort Of Kaanapali Shores, Making It The Ideal Retreat For Both Family Vacations And Full-time Living. The Property Fea...
Wake Up To The Sound Of Waves And Step Directly From Your Lanai Onto The Oceanfront Lawn—island Sands 104 Offers A Front-row Seat To Maalaea Bay, With Sweeping Views Of Haleakala And The West Maui Mountains. From Morning Sunrises To Seasonal Whale Watching,...
Oceanfront Property! Easy To Show Beautifully Upgraded Corner Unit With The Largest One-bedroom Floor Plan In This Popular Oceanfront Complex. The Kitchen And Bathroom Have Gone Through Extensive Remodel Over The Years. Enjoy Your Breakfast And Watch The W...
Listed By: Hawaii Life (W) Office Contact: Cell: 808-870-8668
Direct Oceanfront 3rd Floor Unit With Breathtaking Views! Enjoy Stunning South-facing Ocean Views And A Picturesque View Of Haleakala From This Beautifully Updated 3rd Floor, Fee Simple Unit In One Of Maalaea’s Most Desirable Buildings—maalaea Banyans. Rece...
27 Hui Dr 214 N Hui Dr, Unit 214, Napili/kahana/honokowai, HI
MLS® #404182
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-276-6061
This Beautifully Located Corner Upper Studio At The Napili Bay Resort Has Been Completely Renovated In 2022. The Seller/designer Has Paid Attention To Fashionable Details Throughout. All New Flooring, Including Luxury Vinyl & Carpeting, Bathroom Vanity And...
Panoramic Ocean Views Of Maalaea Bay And Sweeping Mountain Views Of Haleakala And The West Maui Mountains Await From This Direct Oceanfront Unit At Maalaea Banyans. This Fully Furnished One-bedroom, One-bath Condo Features Tile Flooring In Kitchen And Bathr...
4057 Lower Honoapiilani Rd, Unit 113, Napili/kahana/honokowai, HI
MLS® #406538
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-283-4922
Oceanfront Charm Meets Modern Upgrades – Mahina Surf #113. Welcome To Mahina Surf #113, A Beautifully Situated 1-bedroom Oceanfront Condo In Coveted West Maui—nestled Perfectly Between The World-famous Kapalua And Kaanapali Resorts. This Ground-floor Unit ...
5315 Lower Honoapiilani Rd, Unit G-156, Napili/kahana/honokowai, HI
MLS® #406244
Listed By: Susan Jackson Real Estate Office Contact: Cell: 865-206-1234
Welcome To G-156, A Lovely Easy Ground Floor Condo With Gorgeous Views Of Blues And Greens Near And Far... A Few Shorts Steps To Two Pools And A Hot Tub... And A Few More To The Warm Sands Of Napili Bay... Split System A/c Gives You An Option Between Fresh ...
4471 Lower Honoapiilani Rd, Unit 202, Napili/kahana/honokowai, HI
MLS® #406083
Listed By: Equity Hawaii Real Estate LLC
Direct Ocean Front. The Monthly Hoa Fee For Unit 202 Is Scheduled To Be $1,225.00, Effective October 1, 2025. Your Front Row Seat To Whale Watching And Incredible Sunsets From Your Private Second Floor Lanai. Fully Furnished - All Bedroom, Living Room, Kitc...
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
