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
1002 S Kihei Rd 210, Kihei, HI
MLS® #407833
Listed By: Hawaiian Style Realty LLC
Waipuilani Is A Charming Boutique Condo Complex Close To The Shops And Restaurants In Sunny Kihei, One Of Maui's Favorite Beach Towns. Steps From The Beach, The Grounds Are Well Maintained With Lush Tropical Foliage And Sweet Plumeria Flower Trees. This 1 B...
Residential
4365 Lower Honoapiilani Rd 802, Napili/kahana/honokowai, HI
MLS® #405184
Listed By: Hawaii Life (KAP)
Office Contact: Cell: 808-205-3995
Experience Island Living At Its Finest In Premium Studio 802 At The Royal Kahana Resort. Positioned In The Sought-after ‘02’ Stack, This Upgraded Studio Boasts Stunning North-facing Ocean Views From Its Private Lanai, Where You Can Take In Breathtaking Vist...
Residential
191 N Kihei Rd 607, Kihei, HI
MLS® #405309
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-870-8668
Welcome To Kealia 607! This Top Floor Beachfront Unit Is Located On Beautiful Sugar Beach Where You Can Stroll For Miles On The White Sandy Beach Or Enjoy Swimming And Other Ocean Activities. Unit 607 Offers Wonderful Ocean And Beach Views. This Leasehold C...
Residential
191 N Kihei Rd 606, Kihei, HI
MLS® #406783
Listed By: eXp Realty
Office Contact: Cell: 808-269-8633
Kealia 606 Delivers That Unmistakable “wow” Factor. Beautifully Remodeled And Hotel Zoned, This Oceanview Gem Is The Perfect Turnkey Retreat For Living The Maui Dream. Nestled Right On The Sands Of Coveted Sugar Beach, This Relaxing Oceanfront Property Offe...
Residential
3615 Lower Honoapiilani Rd 217, Napili/kahana/honokowai, HI
MLS® #404668
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-264-3337
New Terms Available! Seller Financing, 15% Down, 3 Year Term, Interest Rate 3.75% Interest Only 1st Year, 2nd Year 4.75% Interest Only 3rd Year 5,5% No Pp. Upgraded With Easy Access. No Elevators, Just Walk Right Into This Garden View Unit And Relax To The ...
Residential
3543 Lower Honoapiilani Rd J403, Napili/kahana/honokowai, HI
MLS® #405284
Listed By: Maui Westside Properties
J403 Is A Spacious Top-floor, Unit With Stunning Ocean Views. 2 Bedrooms 2 Bathrooms And A Loft. Quad-zone Split Unit Air Conditioning. The Property Is Situated On 13 Tropical Acres And Features Two Oceanside Swimming Pools And Spas, Two Tennis/pickleball C...
Residential
191 N Kihei Rd 608, Kihei, HI
MLS® #405138
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-8192
Live On The Beach! Wake Up To The Sound Of Waves In This Direct Beachfront One-bedroom, One-bath Condo At Kealia Beachfront, Overlooking The Stunning Sugar Beach. With Over Five Miles Of White Sandy Shoreline, You Can Enjoy Excellent Swimming, Ocean Acti...
Residential
475 Front St 326, Lahaina, HI
MLS® #407574
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-446-5841
Discover The Charm Of Lahaina Shores, The Only Hotel/resort-zoned Beachfront Condominium In The Heart Of Lahaina Town. Unit 326 Showcases Beautiful Mountain Views And Has Been Beautifully Remodeled With High-quality Finishes Throughout. Offered Fully Furnis...
Residential
3615 Lower Honoapiilani Rd 317, Napili/kahana/honokowai, HI
MLS® #403783
Listed By: Emerald Club Realty Inc
Amazing Beachfront Location With Resort Amenities Including Oceanfront Lawn Area, A Pool & Spa, Bbq Area, Clubhouse, Conference Room, Laundry Facilities, Elevators, And Extra Basement Storage And A Front Desk. This Is Your Opportunity To Own This Lovely Un...
Residential
3875 Lower Honoapiilani Rd B-205, Napili/kahana/honokowai, HI
MLS® #407267
Listed By: Real Broker LLC
Office Contact: Cell: 949-231-9417
Welcome To Your Maui Escape At Hale Mahina Unit B-205. Enjoy Ocean Views That Will Take Your Breath Away In This 1-bed, 1-bath Leasehold Condo With 799 Sq Ft Of Interior Comfort And 137 Sq Ft Of Covered Lanai. Set Along The Shoreline In The Peaceful Mahinah...
Residential
3615 Lower Honoapiilani Rd 320, Napili/kahana/honokowai, HI
MLS® #405302
Listed By: Emerald Club Realty Inc
Paki Maui – Motivated Seller! Own Two Units On The Same Floor—live In One And Rent The Other For Ultimate Flexibility And Income Potential. Mls 403783 Unit 317 Offered For Sale. This Charming Condo Is Tucked Within An Oceanfront Resort Community, Featuring ...
Residential
3601 Lower Honoapiilani Rd 316, Napili/kahana/honokowai, HI
MLS® #406579
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-264-4617
This 1 Bedroom 1 Bath Vacation Rental Unit Offers Views Of Lush Tropical Gardens And Water Features Unit Has Had Some Remodeling In Both Kitchen And Bath. Paki Maui’s Reef Offers Snorkeling, Turtle Viewing And Of Course During Whale Season, Spectacular Show...
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