Montage Residences Kapalua Bay | Listing and Market Update
Posted
by Courtney M. Brown
on Saturday, December 17th, 2016 at 4:07pm.
The Montage Residences Kapalua Bay | Market Update
The Montage Residences Kapalua Bay
The Montage Kapalua Bay is situated on over twenty oceanfront acres overlooking one of Maui's most iconic beaches, Kapalua Bay. Formerly the site of the Kapalua Bay Hotel, this incredible property was completed in 2009, offering some of the largest condominium residences in West Maui, ranging from three to four bedrooms, and 2791 to 4055 sq. ft.
Featured Listings: Spotlight on Residences 1205 and 5202
Montage 1205: a private garden overlooking Kapalua Bay
Montage Residences 1205 This exceptional residence is the only residence with a private, fenced in yard. Situated oceanfront and overlooking the ocean and the beach at Kapalua Bay, this residence is perfectly oriented to take in Maui's magnificent sunsets, which move between Molokai and Lanai depending on the season. Offered fully furnished, this residence features custom built-ins and furnishings from Bassman Blaine. 3 Bedrooms/3 Baths 2791 sq. ft. Currently offered at $5,495,000
Montage Residences 5202 Currently the lowest priced property at the Montage Residences Kapalua Bay, Montage Residences 5202 represents an incredible opportunity to own at this five star property.* Located in the popular "02" stack in building 5, this particular location has been very desirable for a few reasons, including the corner location creating a more spacious ocean view lanai and because it is the only stack with a lanai off the guest master with a view overlooking the bamboo gardens. 3 Bedrooms/3 Baths 2791 sq. ft. Currently offered at $3,550,000
Montage Residences Kapalua Bay: the view from Residence 5202
Montage Residences Kapalua Bay: Current Listings and Sales Overview
Originally conceived as a Ritz-Carlton Club and Residences, the property was rebranded a Montage in 2014. Since becoming a Montage property, the Forbes five star property has attracted buyers for the luxury condominiums which range from a spacious three to four bedrooms. With a focus on amenities, a sense of place and owner experience, the property sales have gained momentum with 24 developer sales and 2 resales. Overall, there are 52 privately owned units, with a remaining 32 owned by Island Acquistions.
Montage Residences Kapalua Bay
2016 YTD
2015
2014
2011
2010
2009
Number of Listings*
8
Average List Price
$4,916,250
Average LP/Sq. Ft.
$1616
Pending Sales
1
Number of Sales
9
9
8
5
4
5
Low Sales Price
$3,125,000
$3,950,000
$4,300,000
$2,800,000
$3,300,000
$3,450,000
High Sales Price
$8,650,000
$4,900,000
$8,250,000
$3,317,062
$5,735,000
$5,000,000
Average Sales Price
$4,555,555
$4,350,000
$5,484,125
$3,114,412
$4,137,000
$4,326,498
Average SP $/Sq. Ft.
$1516
$1609
$1735
$1066
$1357
$1407
Average Days on Market
147
168
67
1488
594
834
Helpful Information: Under the Ritz-Carlton brand, developer sales began in 2009 and lasted until 2011, with 84 whole ownership private condominium residences and 64 fractional ownership residences (1/12th interests). There were 13 Initial sales to the public that ranged from $2,800,000 to a high of $5,735,000. There was a block of 15 residences purchased by Exclusive Resorts for $56,574,392. During that time, there was one resale, Residence 1305, which was originally purchased for $3,300,000 in 2009 and sold in 2011 for $2,850,000.
Sales began again in 2014 to present under the Montage brand. In 2016, 6 of the sales were ocean view residences, with only 3 oceanfront sales and one 4 Bedroom sale. In 2015, 5 of the sales were oceanfront, and 4 ocean view. No 4 Bedroom Sales. In 2014, the majority of the sales were oceanfront and three of the sales were 4 Bedroom residences ranging from $7,750,000 to $8,250,000. Since the rebranding, there have been two resales at $3,125,000 and $4,300,000.
Not all developer inventory is listed in MLS. At the time of this post, three of the listings are re-sales. For a complete overview of available condos at the Montage Residences, Kapalua Bay, please contact Courtney.
View Montage Residences Kapalua Bay Condos for Sale
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-283-3436
Rare, Turnkey 5th Floor Elevation Hotel Residence At Montage Kapalua Bay- One Of The Highest Locations On The Property, Offering A "premier Oceanview Residence" Category. This Home Is Hotel-zoned For Nightly Rentals In A 5-star Resort Allowing Access To Mon...
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-283-3436
Nestled Within The Renowned Montage Kapalua Bay, This Exquisite, Newly Remodeled Oceanfront Residence Is Poised On A Premium Front Row Location In The Highly Sought-after Building One, Providing Unmatched Direct Beach Access, Phenomenal Ocean Views And Whal...
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-283-3436
Welcome To Residence 2204 At Montage Kapalua Bay– Your Coastal Retreat. This Exquisite Home Offers An Open Concept Living Area With A Gracious Lanai And Bbq Area, Providing Breathtaking Ocean Views And Whale Watching Right Outside Your Door. It's Exceptiona...
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-283-3436
This Exquisitely Furnished Residence Offers Luxury Resort-style Living, Elevating The Experience Of Coastal Elegance To New Heights. With Direct Oceanfront Access And A Walkout To A Tropical, Grassy Lawn Area, This Second-floor Elevation Home Presents An In...
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-446-5841
Your Luxurious Home Away From Home Awaits You At The Prestigious Montage Residences Kapalua Bay. Unit 4406 Offers Stunning Ocean Views From The Lanai, Living Room, Primary And Secondary Bedrooms And Spectacular Mountain Views From The Third Guest Bedroom. W...
Listed By: Keller Williams Realty Maui-Ki Office Contact: Cell: 808-371-6475
Luxury Oceanfront Living At Montage Kapalua Bay – Residence 3503 Poised On The Fifth Floor Of The Prestigious Montage Kapalua Bay, Residence 3503 Is A Rare Opportunity To Own A Luxurious Oceanfront Retreat In One Of Maui’s Most Sought-after Resorts. This Sp...
Listed By: Coldwell Banker Island Prop(S) Office Contact: Cell: 808-870-4899
Epic Properties Like This Seldom Become Available. Hotel Zoned In One Of The Only 5-star Resorts In The State Of Hawaii. Enjoy The Pinnacle Of Penthouse Living At Montage Kapalua Villa 6401. This Rare Offering Is The Largest And Most Coveted 3 Bedroom, 3.5 ...
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-250-0210
Discover Unparalleled Luxury At The Montage Kapalua Bay. This Spacious Two Bedroom Residence Features Ocean Views From The Living Room And Both Bedroom Suites, As Well As A Generous Lanai, Perfect For Watching Maui’s Exceptional Sunsets. Located Oceanfron...
