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.
4471 Lower Honoapiilani Rd, Unit 202, Napili/kahana/honokowai, HI
MLS® #406083
Listed By: Equity Hawaii Real Estate LLC
Direct Ocean Front. Your Front Row Seat To Whale Watching And Incredible Sunsets From Your Private Second Floor Lanai. Fully Furnished - All Bedroom, Living Room, Kitchen, Lanai Furnishings Including A Sleeper Sofa. Tastefully Renovated With A Fully Equippe...
3823 Lower Honoapiilani Rd, Unit 215, Napili/kahana/honokowai, HI
MLS® #402819
Listed By: Berkshire Hathaway Maui Prop-L
Welcome To Hale Ono Loa Residence 215, A Captivating 1-bedroom, 1-bathroom Fee Simple Vacation Rental Condominium Offering An Idyllic Hawaiian Escape. With Its Prime West-facing Orientation, This Residence Boasts Stunning Pacific Ocean Views, Year-round Sun...
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...
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...
Upgraded In November 2024, This Stunning Beachfront Condo Features Brand-new Vinyl Flooring, A Modern Dual-split Mitsubishi Ac System, And Fresh Paint Throughout. Located In A Hotel-zoned Resort, This Fully Furnished Unit Boasts Breathtaking Ocean Views And...
4471 Lower Honoapiilani Rd, Unit 410, Napili/kahana/honokowai, HI
MLS® #403208
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-250-1163
The Monthly Hoa Fee For Unit 410 Will Be $1,225.00, Effective October 1st 2025. Discover Paradise At Kahana Reef#410, Where Oceanfront Living Reaches New Heights Of Luxury And Tranquility. This Top-floor Unit Offers An Unparalleled Experience With Its Sweep...
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 ...
When This Fifth Floor Condo Was Remodeled It Was Done By One Of Oldest And Most Respected Firms In West Maui And Condo Looks Like Was Redone Yesterday. Maple Cabinets, Granite, Stainless Steel Tilefloors And Mirrored Closet Doors. The High Quality Of This...
4327 Lower Honoapiilani Rd, Unit 801, Napili/kahana/honokowai, HI
MLS® #406294
Listed By: Keller Williams Realty Maui-Ka Office Contact: Cell: 808-870-0674
Experience The Best Of Maui From This Rare Oceanfront Corner Unit At Valley Isle Resort In Kahana. This Spacious 1-bed, 1-bath Condo Offers Panoramic Ocean Views From Both The Living Room And Bedroom — Plus Additional Sightlines Of The West Maui Mountains F...
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-344-0180
Hotel Zoned, Vacation Rental, Ocean Front Property .... What More Could You Ask For! This 1 Bed, 2 Bath Condo Sits On One Of The Longest Stretches Of Beach In South Maul. Call Your Favorite Realtor Today Lo Schedule A Private Showing
Enjoy The Wide Open Ocean Views, Natural Light, And Beautiful Breezes From This Third Floor Home. This Nicely Renovated Unit Includes A Gourmet Kitchen For All Your Cooking Needs, Spacious Living Area And The Relaxing Outdoor Lanai To Enjoy The Views. The S...
3741 Lower Honoapiilani Rd, Unit 104, Napili/kahana/honokowai, HI
MLS® #405099
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-280-5054
Unobstructed Panoramic Ocean And Island Views Await! This Ground-floor, Oceanfront Unit At Kulakane Is Your Personal Slice Of Paradise, Offering Breathtaking Year-round Sunsets, Mesmerizing Vistas Of The Blue Pacific, And Front-row Seats To Seasonal Whale W...
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
