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        <atom:link href="http://www.luxuryrealestatemaui.com/blog/oceanfront-beachfront/rss/" rel="self" type="application/rss+xml" />
        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/oceanfront-beachfront/</link>
        <description>Courtney M. Brown, Realtor (S) Blog: information on the Maui real estate market, trends, and listings. Homes, condos and land for sale.</description>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/a-new-direction-the-montage-residences-kapalua-bay-rebranded-the-resort-at-kapalua-bay.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/a-new-direction-the-montage-residences-kapalua-bay-rebranded-the-resort-at-kapalua-bay.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>A New Direction: The Montage Residences Kapalua Bay rebranded The Resort at Kapalua Bay</title>
    <description> <![CDATA[ 
The Resort at Kapalua Bay &amp; The Residences at Kapalua Bay


The Resort at Kapalua Bay is one of Maui’s premier oceanfront luxury residential resorts, set on 21 acres overlooking Kapalua Bay, one of the most celebrated beaches in Hawaii. Originally opened on May 31, 2009, the property has evolved into a flagship offering within Kapalua Resort real estate, known for its spacious residences, panoramic views, and world-class amenities.


Luxury Oceanfront Residences in Kapalua


The Resort at Kapalua Bay Residences feature some of the largest condominium floor plans in Kapalua, with expansive two, three- and four-bedroom layouts designed to maximize ocean views and indoor-outdoor living.


Each residence offers:




Sweeping views of Kapalua Bay, Namalu Bay, and Hawea Point framed by the islands of Molokai and Lanai


Large private lanais ideal for sunset and whale watching


Open-concept living spaces with luxury finishes


A residential-style experience with the amenities of a full-service resort




For those seeking a more flexible ownership option, fractional ownership opportunities are also available. These 1/12th ownership residences offer both fixed and floating weeks, providing access to luxury at a lower entry point.


A Premier Location on Maui’s West Side


Positioned along the West Maui coastline, the property enjoys one of the most desirable settings in Kapalua. Overlooking the crescent-shaped white sand beach of Kapalua Bay, the resort offers panoramic ocean views framed by the outer islands, along with direct access to beaches, coastal trails, and resort amenities.


Owners and guests enjoy:




Two resort-style swimming pools


Spa and Fitness Center


On-site dining


Full concierge and hotel services


A central location within the Kapalua Resort




The History of The Resort at Kapalua Bay: Ritz-Carlton &gt; Montage  &gt; St. Regis


The property’s legacy is deeply rooted in Kapalua’s history as a luxury destination.


Kapalua Bay Hotel Era


Prior to its redevelopment, the site was home to the Kapalua Bay Hotel, a beloved oceanfront resort known for its understated elegance and prime location overlooking Kapalua Bay.


Ritz-Carlton Club &amp; Residences (2009)


In 2009, the property was reintroduced as the Ritz-Carlton Club and Residences, Kapalua Bay, featuring:




84 whole-ownership condominium residences


62 fractional ownership residences


Large-format three- and four-bedroom floor plans




At launch, a portion of the residences were sold to private owners and Exclusive Resorts, while the remaining inventory was held during a challenging market cycle.


Repositioning as Montage Residences (2013)


Following a foreclosure in early 2013, the property was acquired by Island Acquisitions, which appointed Montage Hotels &amp; Resorts as the management company.


A significant multi-million dollar renovation and repositioning followed, transforming the property into Montage Residences Kapalua Bay, one of Maui’s most prestigious branded residential resorts. Enhancements included:




The addition of Cane &amp; Canoe, a signature ocean-view restaurant


An upscale bar and gathering space


Design elements that pay homage to the original Kapalua Bay Hotel




Recent Ownership &amp; Management Transition (2025–2026)


In November 2025, investor Kemmons Wilson acquired the remaining residences along with the hotel and event spaces.


On March 14, 2026, the property officially transitioned from Montage management to Marriott International, marking the beginning of a new chapter.


A New Direction: The Resort at Kapalua Bay &amp; St. Regis Transition


Now rebranded as The Resort at Kapalua Bay, the property is positioned for a planned transition to the St. Regis brand in 2027, aligning it with one of the most prestigious luxury hotel flags in the world.


As part of this transition:




The property is now managed by Marriott International and will be until the transition to the St. Regis Estates portfolio


The former Montage Spa has been reintroduced as The Spa at Kapalua Bay


Future enhancements are expected to further elevate the resort’s positioning within the global luxury travel and real estate market


 ]]> </description>
    <pubDate>Mon, 23 Mar 2026 13:05:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/market-spotlight-ironwoods-62.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/market-spotlight-ironwoods-62.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Market Spotlight: Ironwoods 62</title>
    <description> <![CDATA[ 
Market Spotlight: Kapalua Ironwoods 62


Beautifully Remodeled Ocean View Condominium Residence for Sale


An aerial view of the Ironwoods, overlooking Kapalua Bay Course and Oneloa Bay to the South


The Ironwoods is a small gated community comprised of just 10 buildings, each with four residences (in building 9, the two top floor residences were combined to make one larger residence).  Each residence has a detached garage, a rarity for oceanfront condominiums on Maui.


Amenities at the gated Ironwoods community include a fitness center, recreation room, solar heated swimming pool and spa, as well as tennis courts and an onsite resident manager.  


Ironwoods 62 Upgrades and Finishes


Incomparable and casually elegant, this stylish and spacious single-level rare gem enjoys pleasing ocean and golf course views. This residence was literally taken down to the bare studs and then fully and artfully recreated.





Custom Features include Summit Peak Shenandoah white oiled oak flooring throughout, custom Schuler cabinetry in kitchen and baths with soft closing mechanisms, roll outs, and polished chrome cup and pull hardware, Monte Cristo honed finish granite counter tops with a 2.25” mitered edge in kitchen, dry bar, bathrooms, and entry ledge. The Bosch kitchen appliance package includes built-in oven with multi-function steam oven, 36” Smart induction cook top with integrated exhaust hood, top of the line Benchmark series dishwasher with leak detection, Smart double door refrigerator with center pull out drawer and lower freezer drawer.





Rounding out the appliance package are a mini Wolf undercounter oven, GE Profile beverage center, and Smart Bosch Series 800 washer dryer, also with leak detection. Plumbing fixtures include HansGrohe faucets and shower controls, Kohler sinks, and Grohe towel bars and hooks.





To ensure energy efficiency and comfort, all of the windows were replaced with Pella Lifestyle double pane windows, and the spacious Lanai off the main living area is graced with a custom 8’9” high by 8’ wide vanishing pocket door system. The primary bath boasts a custom granite clad Smart Steam shower with L shaped sit down bench, rain shower head as well as a hand held shower wand.





Further complimenting the package is a new Smart Daiken One HVAC system and ducting, new electrical and new plumbing throughout, Armstrong “Safe and Sound” insulation in ceilings, interior and exterior walls, new ceiling fans in Living room, Ohana room, Primary and Guest suites, new ELCO 4” square LED path and art lighting throughout with dimmer switches and Décor screwless faceplates, Hinkley lite fixtures in Kitchen, entry, and art hall gallery.





Add to that, a new Rheem Gladiator smart water heater and recirculating pump with automatic leak detection and shut off, custom Levolor and Bali window coverings in Living room, Ohana room, and Primary and Guest suites, Custom California Closet build outs in Primary and Guest suites with soft close drawers and laundry hampers in Primary closet. Also new interior doors throughout with Baldwin hardware, new casings, and floor base moldings.





All ceilings and walls are finished to a custom level 5 smooth coat finish, and new random stone quartzite installed on all three lanais. . . and so much more, including the added bonus that Ironwoods 62 has a private one car enclosed garage and a direct level walk in entry with no stairs . . . a rarity in Kapalua





All situated on 9.2 lushly landscaped acres, with access to the beach at Oneloa Bay.  There is a side gate adjacent to building 6 with easy access to the dining and spa at Ritz-Carlton, Kapalua and the walking paths.  The Ironwoods enjoys a wonderful location at the heart of the Kapalua Resort.





Included in this offering is an inventory of exquisite furnishings and the Sellers are offering to pay the initiation fee to the Kapalua Club for 2024, which provides activities and a sense of community for Kapalua Resort property owners.


Compare recent Kapalua Ironwood Sales


View Current Kapalua Ironwoods for Sale:


 
 ]]> </description>
    <pubDate>Thu, 13 Jun 2024 14:04:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/market-spotlight-kapalua-bay-villas.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/market-spotlight-kapalua-bay-villas.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Market Spotlight: Kapalua Bay Villas</title>
    <description> <![CDATA[ 
Introducing Kapalua Bay Villa 37B2-4, Kapalua Resort, Maui





Where are the Kapalua Bay Villas located?


Situated along the dramatic West Maui coastline, you'll find the Kapalua Bay Villas.


The Kapalua Bay Villas has long been one of the Kapalua Resort’s favorite condominium communities. Consisting of 141 residences in 27 buildings, the Bay Villas are situated on 16.5 oceanfront acres in the heart of the Kapalua Resort.


Built in 1977, the floorplans include spacious single-level living as well as townhouse-style one and two bedroom residences. The oceanfront and ocean view villas overlook the Pacific ocean and the Kapalua coastline, with direct beach access to Oneloa Bay.  Amenities in this gated community include 3 swimming pools and two tennis courts.


How is the market at the Kapalua Bay Villas?


At the time of this post, there are five active listings ranging from $1,399,000 to $3,400,000There have been two sales Year to Date: 15G1-3, a 2B/3B residence that recorded at $2,950,00014G2, a 1B/1B residence that recorded at $1,500,000


Below is a chart of sales information for condos at the Kapalua Bay Villas from 2019 thru Q1 2024.






Kapalua Bay Villas


Q1 2024


2023


2022


2021


2020


2019




Sales


1


6


10


30


7


14




Volume


$2,950,000


$9,994,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500




Low SP


$2,950,000


$1,399,000


$1,300,000


$755,000


$675,000


$800,000




High SP


$2,950,000


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000




Median SP


$2,950,000


$1,697,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500




Average SP


$2,950,000


$1,665,667


$1,776,400


$1,369,650


$1,076,857


$1,073,750




Average SP/Sq. Ft


$1,929


$1,734


$1,496


$1,104


$876


$872




Average DOM


84


124


68


232


149


287




Average SP/LP


99


99


100


97


92


93






 


Featured Residence:  Kapalua Bay Villa 37B2-4


Nestled along the Kapalua coast, this single level two bedroom enjoys an ideal location at the Bay Villas.


As you step into this beautifully designed residence, you are greeted by breathtaking views of the Pacific Ocean and open greenspace. The spacious open floor plan seamlessly blends indoor and outdoor living, with expansive sliding glass doors that lead to three private lanais, perfect for enjoying spectacular sunsets and gentle ocean breezes.


The interior boasts beautiful finishes, custom cabinetry and countertops, stainless steel appliances, and updated flooring.


The spacious primary suite offers a peaceful sanctuary with a private lanai, spa-like en-suite bathroom, complete with a soaking tub and walk-in shower.


The Bay Villas offers access to onsite pools, tennis courts, and direct beach access to Oneloa Bay. In the Kapalua Resort, there are world-class amenities, including championship golf courses, tennis courts, incredible restaurants, and the nearby Spa Montage.





A bright and airy residence, this is a rare offering of a single story two bedroom residence located on the second floor of the villas.  Having no stairs to access or in the villa, it is a desirable floor plan for many, and only six of these floor plans were constructed at the Bay Villas.





This residence features an updated kitchen, with a view out toward the ocean and looking over Hawea Point.   Stainless steel appliances create a more contemporary feel.





The dining room and large lanai provide ample space for entertaining, all while taking in Maui's beautiful sunsets.  Oriented to the South West, this residence is sheltered from the prevailing tradewinds. 





The bedroom suites are on each side of the lanai.  Both feature updated bathrooms, as well as private lanais.


 For more information, please contact Courtney with any questions about this listing or the KapaluaResort real estate market.


 


Kapalua Bay Villas Condos for Sale



 ]]> </description>
    <pubDate>Thu, 30 May 2024 16:40:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-spotlight-alaeloa-44.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/maui-real-estate-spotlight-alaeloa-44.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Maui Real Estate Spotlight: Alaeloa 44</title>
    <description> <![CDATA[ 
Introducing Alaeloa 44





Alaeloa is a hidden gem nestled along the picturesque coastline of Napili.  This tranquil and idyllic enclave is home to just 42 residences situated on 13 beautifully landscaped oceanfront acres.  


Alaeloa 44 is a beautifully renovated two bedroom residence with vaulted ceilings and a spacious lanai with views of the ocean and the neighboring island of Molokai.  Nestled in a mango grove, the property has the charm and feel of Old Hawaii.





Stunning Views  Stacking glass doors create a seamless living experience between the living room and lanai, with a focus on the view of the Napili  coastline and Molokai.





The kitchen is a dream beautifully remodeled to create a large kitchen island with seating for four, the kitchen features new appliances including a wine fridge





Dining Indoors or Outdoors, whether you prefer having your meals inside or out, both areas open to the view





A room with a view The oversized primary bedroom suite features large sliding doors that stack, to allow indoor-outdoor living with a focus on the ocean view.





Both bathrooms have been beautifully renovated





The spacious guest suite is large enough for two beds.  Vaulted ceilings and large windows make the room light and airy.


Where is Alaeloa?


Located on the western coast of Maui, Alaeloa surrounds a pristine bay with stunning views of the Pacific Ocean and neighboring islands. This intimate and secluded bay provides a private haven to relax, soak up the sun, and listen to the soothing sound of waves gently lapping against the shore. The calm waters are perfect for swimming, snorkeling, paddleboarding, kayaking and, in the winter, when the swells come in, surfing at the north end of the Bay.  Inland of the oceanfront pool is an owner's pavilion, surrounded by a mango grove.


Alaeloa's prime location in Napili makes it an excellent base for exploring Maui.  Nearby Napili Bay is one of Maui's most loved beaches.  Known for its crescent-shaped beach, it is anchored by the popular Sea House and Gazebo Restaurants.  Further North is the Kapalua Resort, which is home to the Bay and Plantation Golf Courses, the Kapalua Tennis Gardens, five beaches, hiking and walking trails, and The Montage Kapalua Bay and Ritz-Carlton Resorts.


Alaeloa is a leasehold property.  Read More about Leasehold Ownership


Snapshot: The Alaeloa Real Estate Market






Status


Community


Unit


List Price


Sold Price


SP/LP


Close Date


Beds


Baths


Liv-SF


DOM


$/Sq. Ft.


MLS 


LT




ACT


Alaeloa


38


$1,450,000


 


 


 


3


2


1,276


24


$1,136


401326


Leasehold




ACT


Alaeloa


41


$1,475,000


 


 


 


2


2


1,347


388


$1,095


398241


Leasehold




ACT


Alaeloa


44


$1,999,000


 


 


 


2


2


1,128


11


$1,772


401477


Leasehold




ACT


Alaeloa


26


$3,500,000


 


 


 


2


2.5


1,276


234


$2,743


399488


Leasehold




ACT


Alaeloa


28


$3,790,000


 


 


 


3


3


1,528


234


$2,480


399487


Leasehold




ACT


Alaeloa


9


$4,276,000


 


 


 


4


4


4,000


65


$1,069


400894


Leasehold




SLD


Alaeloa


27


$3,195,000


$3,195,000


100


1/26/22


3


2.5


1,528


25


$2,091


394216


Leasehold




SLD


Alaeloa


3


$1,275,000


$1,325,000


104


1/27/22


2


2


1,128


164


$1,175


392670


Leasehold




SLD


Alaeloa


23


$2,900,000


$2,900,000


100


2/15/22


3


2


1,276


37


$2,273


394780


Leasehold




SLD


Alaeloa


30


$2,985,000


$2,965,000


99


2/15/22


3


2


1,400


29


$2,118


394383


Leasehold




SLD


Alaeloa


15


$2,100,000


$1,935,000


92


2/28/22


2


2


1,410


53


$1,372


394270


Leasehold




SLD


Alaeloa


42


$1,795,000


$1,800,000


100


3/30/22


2


2


1,400


33


$1,286


394884


Leasehold




SLD


Alaeloa


29


$2,800,000


$2,800,000


100


4/21/22


2


2


1,368


51


$2,047


395532


Leasehold




SLD


Alaeloa


40


$1,495,000


$1,350,000


90


6/13/22


2


3


1,352


105


$999


394924


Leasehold




SLD


Alaeloa


37


$1,600,000


$1,600,000


100


1/25/23


2


2


1,276


41


$1,254


397965


Leasehold




SLD


Alaeloa


40


$1,599,000


$1,550,000


97


4/14/23


3


3


1,352


122


$1,146


397607


Leasehold




SLD


Alaeloa


45


$1,650,000


$1,400,000


85


6/30/23


2


2


1,276


129


$1,097


398187


Leasehold






MLS data taken as of the date of this post and is subject to change.


View all condos for sale in Alaeloa



 ]]> </description>
    <pubDate>Fri, 22 Mar 2024 12:18:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-in-review.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-in-review.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update: 2023 In Review</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: 2023 Year in Review





Photo of the Montage Kapalua Bay: Montage Residences 3704 is currently listed for sale Image by HiFocused


Kapalua Condominiums:  2023 in Review


The Kapalua Resort is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views. 


Kapalua Resort Condo Market*






KAPALUA RESORT CONDOS


2023


2022


2021


2020


2019




Number of Sales


22


62


145


40


61




Volume


$52,789,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800




Low Sales Price


$1,250,000


$940,000


$600,000


$600,000


$595,000




High Sales Price


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000




Median


$1,725,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000




Average SP


$2,399,500


$2,351,218


$2,060,805


$1,715,438


$2,033,242




Average SP/Sq. Ft.


$1,597


$1,470


$1,154


$1,000


$1,028




Average DOM


182


96


177


165


213




Average SP/LP


97


99


97


94


96




*Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale






Sales have been slower in the Kapalua Resort in the latter half of the year, which is to be expected in the wake of the devastating wildfires in Lahaina town in August.  There have been three sales to record since August: two sales at the Kapalua Bay Villas (both one-bedroom residences) and one to record at the Ritz-Carlton Residences, Kapalua.  Historically, the resort is largely a second home market and market activity tends to be greatest in the peak travel seasons of winter/spring.


Key Stats by Community


How does the market in 2023 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


2023


2022


2021


2020


2019




Sales


0


2


6


0


0




Volume


0


$10,990,000


29,000,000


0


0




Low SP


NA


$5,300,000


3,700,000


NA


NA




High SP


NA


$5,690,000


6,250,000


NA


NA




Median SP


NA


$5,495,000


$4,750,000


NA


NA




Average SP


NA


$5,495,000


4,833,333


NA


NA




Average SP/Sq. Ft


NA


$2,240


1,883


NA


NA




Average DOM


NA


67


154


NA


NA




Average SP/LP


NA


93


97


NA


NA






With just 36 condominium residences located on one of Maui's best beaches, it's not surprising that there isn't much activity.  In 2022, there were just two sales at Coconut Grove.  The low sale was significantly higher than in 2021.  The reason for this discrepancy is that all sales in 2022 were oceanfront, while in 2021 there was a second-row, ocean-view sale.   Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership.


Kapalua Ironwoods*


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Kapalua Ironwoods


2023


2022


2021


2020


2019




Sales


0


4


5


4


1




Volume


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000




Low SP


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000




High SP


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000




Median SP


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000




Average SP


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000




Average SP/Sq. Ft


NA


$1,729


$1,634


$1,412


$1,065




Average DOM


NA


149


320


124


671




Average SP/LP


NA


95


92


88


93






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below.  Since 2020 about 30 of the residences at the Ironwoods changed hands.


At the time of this post, there are no listings.  Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua.  There have been no pending sales or sales YTD in 2023.  In 2022, the average sales price was buoyed by a record sale of a renovated oceanfront residence. The number of sales matched those in 2020.


Kapalua Bay Villas


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Kapalua Bay Villas


2023


2022


2021


2020


2019




Sales


6


10


30


7


14




Volume


$9,994,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500




Low SP


$1,399,000


$1,300,000


$755,000


$675,000


$800,000




High SP


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000




Median SP


$1,697,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500




Average SP


$1,665,667


$1,776,400


$1,369,650


$1,076,857


$1,073,750




Average SP/Sq. Ft


$1,734


$1,496


$1,104


$876


$872




Average DOM


124


68


232


149


287




Average SP/LP


99


100


97


92


93






 In 2023 the Bay Villas saw more condo sales than most complexes in Kapalua.  It is noteworthy that it is the only property in the Kapalua Resort with direct oceanfront one-bedroom residences.  All six sales in 2023 were one-bedroom condominiums.  Of these sales, an oceanfront townhouse floor plan recorded at $1,900,000 which was the record for a one-bedroom residence.  In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa which served to increase the average sales price.  


Kapalua Golf Villas 


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Kapalua Golf Villas


2023


2022


2021


2020


2019




Sales


6


21


44


9


9




Volume


$9,355,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603




Low SP


$1,250,000


$940,000


$600,000


$600,000


$595,000




High SP


$1,850,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000




Median SP


$1,597,500


$1,215,000


$944,000


$745,000


$785,000




Average SP


$1,559,167


$1,332,548


$956,176


$826,833


$802,572




Average SP/Sq. Ft


$1,380


$1,205


$856


$749


$677




Average DOM


143


81


122


124


165




Average SP/LP


99


100


99


94


97






Like the Bay Villas, there were six sales at the Golf Villas in 2023. However, unlike the Bay Villas sales, which were all one-bedroom residences and no two-bedroom residences, the Golf Villas had three of each.  The highest recorded sale in 2023 was $1,850,000, which is 5 below the record sale of a two-bedroom at $1,949,000 in 2022.


Kapalua Ridge Villas


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Kapalua Ridge Villas


2023


2022


2021


2020


2019


2018




Sales


4


11


28


8


6


6




Volume


$7,240,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000


$6,090,500




Low SP


$1,390,000


$1,250,000


$775,000


$650,000


$650,000


$849,000




High SP


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000


$1,500,000




Median SP


$1,812,500


$1,375,000


$1,097,000


$1,135,000


$780,000


$920,750




Average SP


$1,810,000


$1,414,000


$1,117,929


$1,097,063


$817,333


$1,015,083




Average SP/Sq. Ft


$1,315


$1,179


$813


$701


$653


$737




Average DOM


78


65


165


222


263


215




Average SP/LP


99


100


97


96


98


97






The Ridge Villas is the lowest density of the Kapalua Villas properties (Bay, Golf and Ridge Villas).  The condominium residences are here the largest of the three properties and the bulk of the 2023 sales were two-bedroom villas, which ranged from $1,750,000 to $2,250,000, which is the highest sale recorded in MLS for a Ridge Villa.


Montage Residences Kapalua Bay


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Montage Kapalua Bay


2023


2022


2021


2020


2019


2018




Sales


4


10


27


9


21


12




Volume


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000


$58,780,074




Low SP


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000


$3,495,000




High SP


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000


$8,950,000




Median SP


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000


$4,422,500




Average SP


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429


$4,898,340




Average SP/Sq. Ft


$2,074


$2,027


$1,742


$1,407


$1,556


$1,572




Average DOM


513


151


152


170


173


230




Average SP/LP


97


97


98


99


97


100






In 2023, there were four sales at the Residences.  While it may appear that the sale in 2023 was a record-breaking price for a three-bedroom residence, it should be noted that there were concessions made by the Seller for an upcoming special assessment for an exterior remediation project which resulted in a lower net price.  The record-high sale of $13,295,000 in 2021 was for a four-bedroom residence.  With only eight ever built, these seldom come up, but when they do sell, they command a high price that does impact the average sales price and price per sq. ft. as they are directly oceanfront residences that often command a higher price.   It also should be noted that the developer ceased sales in 2022, leaving just resales available in 2023.


Ritz-Carlton Kapalua Residences 


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Ritz-Carlton Residences


2023


2022


2021


2020


2019




Sales


2


4


5


3


1




Volume


$4,645,000


$7,429,000


$9,655,000


$3,872,500


$900,000




Low SP


$1,550,000


$990,000


$945,000


$735,000


$900,000




High SP


$3,100,000


$2,800,000


$2,800,000


$2,300,000


$900,000




Median SP


$2,325,000


$1,820,000


$1,800,000


$837,500


$900,000




Average SP


$2,325,000


$1,857,250


$1,931,000


$1,290,833


$900,000




Average SP/Sq. Ft


$1,932


$1,557


$1,446


$1,065


$1,034




Average DOM


255


161


448


216


203




Average SP/LP


88


102


97


88


92






There have been two sales Year to Date.  The sale to record most recently was at 84 of asking, bringing the average sales price to listing price down to 88 for the year.  


KAPALUA MARKET UPDATE: Homes and Land Sales through Q3 2023


The view from 310 Cook Pine Drive in Pineapple Hill, Kapalua which sold at $6,150,000


KAPALUA RESIDENTIAL &amp; VACANT LAND MARKET UPDATE


Kapalua's Residential Communities


Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill &amp; Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place.  There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.


In 2023, there were 11 home sales.  All but two were in Pineapple Hill and Pineapple Hill Estates.


KAPALUA HOME SALES BY COMMUNITY: 2023 and a 5 Year Overview






Kapalua Homes


2023


2022


2021


2020


2019




Number of Sales


11


14


29


17


18




Volume


$55,430,000


$74,700,000


$144,197,500


$90,787,000


$47,954,020




Low SP


$2,975,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$7,680,000


$7,900,000


$15,000,000


$24,000,000


$6,000,000




Median SP


$4,400,000


$5,200,000


$4,150,000


$3,500,000


$2,575,000




Average SP


$5,039,091


$5,335,714


$4,972,327


$5,240,411


$2,664,112




Average SP/Sq. Ft.


$1,241


$1,112


$982


$1,063


$715




Average DOM


165


193


227


151


270




Average SP/LP


93


97


94


91


92






PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


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Pineapple Hill Homes


2023


2022


2021


2020


2019




Number of Sales


9


7


15


10


 15




Volume


$41,750,000


$35,575,000


$46,012,500


$27,187,000


$35,834,020




Low SP


$4,150,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$6,450,000


$7,900,000


$4,850,000


$3,750,000


$3,200,000




Median SP


$4,300,000


$4,825,000


$2,700,000


$2,625,000


$2,300,000




Average SP


$4,638,889


$5,082,142


$3,067,500


$2,718,700


$2,388,935




Average SP/Sq. Ft.


$1,219


$1,023


$768


$696


 $692




Average DOM


154


134


160


137


 262




Average SP/LP


94


96


95


95


94






PLANTATION ESTATES AT KAPALUA HOMES


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Plantation Estates Homes


2023


2022


2021


2020


2019




Number of Sales


1


4


6


3


1




Volume


$7,680,000


$24,225,000


$32,635,000


$13,850,000


$6,000,000




Low SP


$7,680,000


$5,425,000


$4,025,000


$3,750,000


$6,000,000




High SP


$7,680,000


$7,500,000


$10,100,000


$5,650,000


$6,000,000




Median SP


$7,680,000


$5,650,000


$4,490,000


$4,490,000


$6,000,000




Average SP


$7,680,000


$6,056,250


$5,439,167


$4,616,667


$6,000,000




Average SP/Sq. Ft.


$1,266


$920


$933


$1,006


$972




Average DOM


42


306


258


70


215




Average SP/LP


97


96


93


92


81






HONOLUA RIDGE HOMES


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Honolua Ridge Homes


2023


2022


2021


2020


2019




Number of Sales


0


1


4


1


2




Volume


0


$5,300,000


$25,500,000


$3,850,000


$6,120,000




Low SP


NA


$5,300,000


$5,000,000


$3,850,000


$2,850,000




High SP


NA


$5,300,000


$8,700,000


$3,850,000


$3,270,000




Median SP


NA


$5,300,000


$5,900,000


$3,850,000


$3,060,000




Average SP


NA


$5,300,000


$6,375,000


$3,850,000


$3,060,000




Average SP/Sq. Ft.


NA


$1,493


$1,175


$1,306


$750




Average DOM


NA


95


276


40


352




Average SP/LP


NA


97


94


91


89






MAHANA ESTATES HOMES


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Mahana Estates Homes


2023


2022


2021


2020


2019




Number of Sales


1


2


1


1


0




Volume


$6,000,000


$9,600,000


$5,250,000


$6,400,000


 




Low SP


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


379


224


52


88


NA




Average SP/LP


86


100


99


77


NA






KAPALUA PLACE &amp; OCEANFRONT HOMES


There is just one remaining oceanfront lot in Kapalua, which sold in 2020 for $8,000,000 and $108/sq. ft.  It will likely soon be developed.  With just eight oceanfront homes that are part of the resort, it's not uncommon to no sales.


View Kapalua Place and Kapalua Oceanfront homes for sale






Oceanfront Homes


2023


2022


2021


2020


2019




Number of Sales


0


0


3


2


0




Volume


0


0


$34,800,000


$39,500,000


0




Low SP


NA


NA


$8,700,000


$15,500,000


NA




High SP


NA


NA


$15,000,000


$24,000,000


NA




Median SP


NA


NA


$11,100,000


$19,750,000


NA




Average SP


NA


NA


$11,600,000


$19,750,000


NA




Average SP/Sq. Ft.


NA


NA


$1,809


$3,975


NA




Average DOM


NA


NA


489


425


NA




Average SP/LP


NA


NA


93


79


NA






KAPALUA LAND SALES






Land


2023


2022


2021


2020


2019




Number of Sales


4


20


58


8


2




Volume


$4,970,000


$32,839,500


$65,265,000


$13,925,000


$3,150,000




Low SP


$995,000


$845,000


$700,000


$850,000


$1,300,000




High SP


$1,525,000


$3,700,000


$2,600,000


$8,000,000


$1,850,000




Median SP


$1,225,000


$1,450,000


$982,500


$837,500


$1,575,000




Average SP


$1,242,500


$1,641,975


$1,135,259


$1,740,625


$1,575,000




Average SP/Sq. Ft.


$33


$38


$17


$32


$23




Average DOM


279


202


178


284


60




Average SP/LP


87


96


95


89


100






Pineapple Hill &amp; Pineapple Hill Estates Land


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Pineapple Hill Land


2023


2022


2021


2020


2019




Number of Sales


1


5


2


1


0




Volume


$995,000


$5,787,000


$2,500,000


$950,000


0




Low SP


$995,000


$879,000


$1,195,000


$950,000


NA




High SP


$995,000


$1,500,000


$1,305,000


$950,000


NA




Median SP


$995,000


$1,090,000


$1,090,000


$950,000


NA




Average SP


$995,000


$1,157,400


$1,250,000


$950,000


NA




Average SP/Sq. Ft.


$100


$101


$62


$87


NA




Average DOM


333


204


143


314


NA




Average SP/LP


100


100


100


90


NA






Plantation Estates Land


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Plantation Estates Land


2023


2022


2021


2020


2019




Number of Sales


1


4


5


2


0




Volume


1


$7,545,000


$7,965,000


$1,700,000


0




Low SP


$1,525,000


$845,000


$975,000


$800,000


NA




High SP


$1,525,000


$3,700,000


$2,600,000


$900,000


NA




Median SP


$1,525,000


$1,500,000


$1,400,000


$850,000


NA




Average SP


$1,525,000


$2,272,500


$1,593,000


$850,000


NA




Average SP/Sq. Ft.


$17


$18


$15


$9


NA




Average DOM


409


407


226


53


NA




Average SP/LP


76


88


97


81


NA






Mahana Estates Land


View Mahana Estates Land for Sale






Mahana Estates Land


2023


2022


2021


2020


2019




Number of Sales


1


5


42


3


2




Volume


$1,250,000


$7,670,000


$41,425,000


$2,425,000


$3,150,000




Low SP


$1,250,000


$1,200,000


$700,000


$800,000


$1,300,000




High SP


$1,250,000


$1,945,000


$2,150,000


$825,000


$1,850,000




Median SP


$1,250,000


$1,400,000


$852,500


$800,000


$1,575,000




Average SP


$1,250,000


$1,534,000


$986,548


$808,333


$1,575,000




Average SP/Sq. Ft.


$7


$29


$17


$12


$23




Average DOM


167


119


163


157


60




Average SP/LP


97


96


94


95


100






Honolua Ridge Land


View Honolua Ridge Land for Sale






Honolua Ridge Land


2023


2022


2021


2020


2019




Number of Sales


1


6


9


1


0




Volume


$1,200,000


$11,837,500


$13,365,000


$850,000


0




Low SP


$1,200,000


$1,163,000


$805,000


$850,000


NA




High SP


$1,200,000


$2,795,000


$2,000,000


$850,000


NA




Median SP


$1,200,000


$1,962,500


$1,300,000


$850,000


NA




Average SP


$1,200,000


$1,972,917


$1,485,000


$850,000


NA




Average SP/Sq. Ft.


$7


$7


$7


$5


NA




Average DOM


206


133


227


360


NA




Average SP/LP


75


97


92


95


NA






If you are thinking of buying or selling in Kapalua, please contact Courtney M. Brown for more detailed information on the market at each of these Kapalua communities,


Kapalua Condos, Homes and Land for Sale





Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS.  Interested parties are advised to do their own due diligence and confirm all figures contained herein.


*Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort.  It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort.  Stats on other sites may pull different data if not excluding these areas.


 


 
 ]]> </description>
    <pubDate>Thu, 04 Jan 2024 15:33:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/market-spotlight-62-ironwood-lane-kapalua-maui.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/market-spotlight-62-ironwood-lane-kapalua-maui.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Market Spotlight: 62 Ironwood Lane, Kapalua, Maui</title>
    <description> <![CDATA[ 
Introducing 62 Ironwood Lane, The Ironwoods, Kapalua, Maui





Casual Elegance on the Kapalua Bay Course: An incomparable and casually elegant residence, this single-level rare gem offers beautiful ocean and golf course views. Situated within The Ironwoods—an exclusive gated enclave of only 40 units at the stunning Kapalua Resort—this home has been transformed into an artful masterpiece.





Meticulously Reimagined: In 2022, the current owners re-envisioned the space, taking it down to the bare studs and crafting a residence defined by its custom finishes and luxurious features.


 


Sophisticated Interiors: The home boasts Summit Peak Shenandoah white oiled oak flooring throughout, complemented by custom Schuler cabinetry with polished chrome hardware and Monte Cristo granite countertops gracing the kitchen, dry bar, and bathrooms.


 


Gourmet Kitchen: The Bosch appliance suite is a chef's delight, featuring a built-in oven with a multi-function steam oven, a 36” Smart induction cooktop, and the top-of-the-line Benchmark series dishwasher. The kitchen is completed by a smart double door refrigerator with a center pull out drawer and lower freezer door, mini Wolf oven, GE Profile beverage center, and a smart Bosch Series 800 washer-dryer duo.


 


Lavish Comforts &amp; Modern Conveniences: Energy efficiency is ensured with new Pella Lifestyle double pane windows and a custom vanishing pocket door system that opens to a spacious lanai. The primary bath invites relaxation with a granite clad Smart Steam shower with an L-shaped bench and rain shower head.


 


The residence features a new Smart Daikin One HVAC system, new plumbing and electrical systems, and Armstrong insulation. Lighting is provided by new ELCO LED path and art lighting, with Hinkley light fixtures adorning the kitchen and entry.


 


Exquisite Details: Every inch of this home radiates attention to detail, from the &quot;Safe and Sound&quot; ceiling insulation, custom level 5 smooth coat finish on walls, to the new random stone quartzite on all three lanais.


 


Private and Convenient: This residence boasts a private one-car enclosed garage and a level walk-in entry with no stairs—a sought-after convenience in Kapalua.


 


Community Luxuries: Residents can indulge in the fitness center, recreation room, tennis courts, solar-heated swimming pool and spa, and enjoy the security of a gated entry, all set within 9.2 acres of lush landscaping.


 


A Rare Opportunity: Ironwoods 62 is more than just a home; it's a tranquil retreat where every detail is a stroke of design genius. Don’t miss the chance to own this unparalleled property within Kapalua Resort.


 


Kapalua Ironwoods Condos for Sale



 ]]> </description>
    <pubDate>Mon, 18 Dec 2023 18:39:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/montage-kapalua-bay-acquired-by-kwc-management-llc.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/montage-kapalua-bay-acquired-by-kwc-management-llc.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Montage Kapalua Bay acquired by KWC Management LLC</title>
    <description> <![CDATA[ 
Island Acquisitions Kapalua has sold its Montage Kapalua Bay holdings to a Tenessee-based company, KWC Management LLC. 





KWC Management, LLC, a hospitality investment management company part of Kemmons Wilson Companies, has recently marked a significant milestone in its portfolio with the acquisition of Montage Kapalua Bay. The Maui property is the first Hawaii property in their portfolio, which includes hotels in CA, CO, DC,  FL, LA, NY, TN, UT, and WY that are managed by a variety of companies, with brands including the Holiday Inn, Hyatt, Marriott, Windham and Kimpton.


MONTAGE KAPALUA BAY OVERVIEW:


Management: Originally developed in 2009 and branded a Ritz-Carlton Club and Residences, with both fractional and whole ownership options, the Kapalua Bay Residences were acquired by IAK in foreclosure proceedings from Lehman Brothers Holdings in 2013 and rebranded as a Montage Residences in 2014.  At that time Montage Hotels put into place a 30-year contract to manage the property. 


Condominium Residences: 146 Residences totalWhole Ownership: 112 Residences, a mix of 84 larger Grand Residences in buildings 1, 2, 5, and 6 and 28 smaller Hotel Residences in buildings 3 and 4.


Privately Owned: There are 105 Residences that are privately ownedDeveloper Owned: There are 7 Hotel Residences that remain developer-ownedFractional Ownership: There are 34 Hotel Residences that have 1 or more fractions sold (1/12th interest).  A total of 177 fractions were sold as Ritz-Carlton Residences, leaving approximately 231 unsold fractional interests.


Historical Sales: While branded a Ritz-Carlton Residences from 2009-2011 sales at the property ranged from $2,400,000 to $5,735,000.  Since being rebranded as the Montage Residences, sales ranged from $2,400,000 to $13,295,000Awards and Acknowledgements (2023):   The Montage Kapalua Bay has received accolades from Forbes and US News and World Report, including Best Maui Hotels/Best Maui Resorts – 2, Best Hawaii Hotels/Best Hawaii Resorts – 6, Best USA Hotels – 40, Best USA Resorts – 18 (U.S. News &amp; World Report) and  5 Star Rating – Montage Kapalua Bay, 5 Star Rating – Spa Montage (Forbes Travel Guide)


The sale to KWC includes approximately 7 unsold developer residences and 231 fractional interests, as well as outdoor event space, four restaurants, and the Spa Montage. Negotiations are reported to have begun in the spring and have closed at $33 million.  KWC Management has brought on White Label Asset Management for the asset management of the property.


As reported by the Maui News, “Since first visiting Hawai’i in the early 1980s, we have held a profound respect for the islands, their culture and people, and we have grown only more intrigued through the process of making Montage Kapalua Bay part of our portfolio,” Webb Wilson, CEO of KWC Management, said in a news release Wednesday. “In light of the current tragedy, we grieve for the people of Maui. We intend to find ways to be involved in caring for the displaced residents and community of West Maui. Under our ownership, the resort will continue to offer programming that enlightens guests on Hawaiian cultural practices and history and benefits their personal wellness and renewal.”


 
 ]]> </description>
    <pubDate>Fri, 17 Nov 2023 12:48:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kaanapali-resort-condominium-market-update-q2-2023.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kaanapali-resort-condominium-market-update-q2-2023.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kaanapali Resort Condominium Market Update: Q2 | 2023 </title>
    <description> <![CDATA[ 
KAANAPALI CONDOMINIUM MARKET UPDATE: Q2 2023 





Kaanapali Resort Condominiums


Kaanapali Condominiums


Kaanapali is home to several different condominium communities, with offerings ranging from studios to four-bedroom condominiums.  Located along Kaanapali Beach are the Kaanapali Alii and Whaler, and located on Kahekili are the Maui Kaanapali Villas, Honua Kai, Mahana and Maui Kai.  Surrounding the Golf Course, you'll find the Maui Eldorado, the Masters, Kaanapali Plantation, International Colony Club and Vintage.






Kaanapali Resort Condos


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


39


148


237


159


168


173




Volume


$66,617,900


$247,257,475


$321,700,298


$212,877,531


$205,331,916


$191,084,387




Low Sales Price


$600,000


$325,000


$318,000


$319,000


$240,000


$159,000




High Sales Price


$5,525,000


$5,899,000


$5,400,000


$3,300,000


$4,995,000


$5,725,000




Median


$1,500,000


$1,412,500


$995,000


$1,050,000


$952,500


$801,000




Average SP


$1,708,151


$1,670,659


$1,357,385


$1,338,852


$1,222,214


$1,104,534




Average SP/Sq. Ft.


$1,597


$1,486


$1,158


$955


$1,010


$955




Average DOM


111


90


127


248


218


170




Average SP/LP


97


98


98


96


97


96




There are a mix of leasehold and fee simple condominiums in Kaanapali


 


 


 











How does the market through the second quarter of 2023 stack up for each community as compared with prior years?


A FIVE-YEAR OVERVIEW


Honua Kai


Honua Kai: condos for sale All Buildings






Honua Kai


Q2 2023


2022


2021


2020


2019


2018




Sales


11


45


63


72


57


40




Volume


$24,458,000


$112,632,875


$121,182,648


$137,972,250


$91,809,500


$64,235,287




Low SP


$1,220,000


$1,150,000


$807,500


$735,000


$774,000


$695,000




High SP


$5,525,000


$5,899,000


$5,400,000


$3,199,000


$3,300,000


$5,725,000




Median SP


$1,975,000


$1,900,000


$1,550,000


$2,119,750


$1,700,000


$1,120,000




Average SP


$2,223,455


$2,502,953


$1,923,534


$1,916,281


$1,610,693


$1,605,882




Average SP/Sq. Ft


$2,184


$2,154


$1,498


$1,139


$1,190


$1,357




Average DOM


119


97


137


404


318


117




Average SP/LP


97


98


98


98


98


98











International Colony Club


International Colony Club condos for sale


 






International Colony Club


Q2 2023


2022


2021


2020


2019


2018




Sales


0


0


5


1


1


9




Volume


0


0


$3,150,000


$575,000


$618,000


$4,749,500




Low SP


NA


NA


$600,000


$575,000


$618,000


$388,500




High SP


NA


NA


$680,000


$575,000


$618,000


$640,000




Median SP


NA


NA


$620,000


$575,000


$618,000


$501,000




Average SP


NA


NA


$630,000


$575,000


$618,000


$527,722




Average SP/Sq. Ft


NA


NA


$556


$614


$445


$495




Average DOM


NA


NA


143


127


237


268




Average SP/LP


NA


NA


100


96


98


93






 







Kaanapali Alii


Kaanapali Alii condos for sale






Kaanapali Alii


Q2 2023


2022


2021


2020


2019


2018




Sales


3


12


27


9


16


15




Volume


$8,450,000.00


$31,841,600


$66,456,000


$18,215,000


$39,230,000


$39,762,000




Low SP


$2,350,000.00


$1,020,000*


$918,000*


$1,200,000


$1,100,000


$1,200,000




High SP


$3,650,000.00


$4,596,600


$5,000,000


$3,300,000


$4,995,000


$4,800,000




Median SP


$2,700,000.00


$2,387,500


$2,300,000


$1,700,000


$2,147,500


$2,525,000




Average SP


$2,816,667.00


$2,653,467


$2,461,333


$2,023,889


$2,451,875


$2,650,000




Average SP/Sq. Ft


$1,832.00


$1,739


$1,595


$1,248


$1,560


$1,655




Average DOM


57


97


125


129


213


202




Average SP/LP


98.00


96


97


92


95


94






 







Kaanapali Plantation


Kaanapali Plantation condos for sale






Kaanapali Plantation


Q2 2023


2022


2021


2020


2019


2018




Sales


1


9


11


4


3


5




Volume


$1,375,000.00


$11,244,000


$8,570,250


$3,190,000


$2,039,000


$3,455,000




Low SP


$1,375,000.00


$860,000


$448,000


$755,000


$629,000


$625,000




High SP


$1,375,000.00


$1,500,000


$1,200,000


$870,000


$780,000


$765,000




Median SP


$1,375,000.00


$1,325,000


$731,250


$782,500


$630,000


$675,000




Average SP


$1,375,000.00


$1,249,333


$779,114


$797,500


$679,667


$691,000




Average SP/Sq. Ft


$1,194.00


$979


$595


$558


$544


$573




Average DOM


77


60


129


127


$282


66




Average SP/LP


92


97


98


95


97


99






 







Kaanapali Royal


Kaanapali Royal condos for sale






Kaanapali Royal


Q2 2023


2022


2021


2020


2019


2018




Sales


1


2


3


6


9


7




Volume


$1,750,000


$2,455,000


$2,792,000


$4,372,500


$6,997,750


$5,462,200




Low SP


$1,750,000


$1,160,000


$820,000


$350,000*


$705,000


$710,000




High SP


$1,750,000


$1,295,000


$1,100,000


$850,000


$864,750


$875,000




Median SP


$1,750,000


$1,227,500


$872,000


$795,000


$765,000


$785,000




Average SP


$1,750,000


$1,227,500


$930,667


$728,750


$777,528


$780,314




Average SP/Sq. Ft


$1,010


$805


$571


$478


$504


$511




Average DOM


70


35


99


99


101


122




Average SP/LP


89


108


103


97


97


99




* Leasehold sales in 2017 and 2020


 


 


 


 


 






 







Kaanapali Shores


Kaanapali Shores condos for sale


 






Kaanapali Shores


Q2 2023


2022


2021


2020


2019


2018


2017




Sales


9


29


33


15


15


33


24




Volume


$10,049,900


$26,657,500


$25,358,000


$9,727,381


$9,938,167


$18,452,900


$13,891,140




Low SP


$650,000*


$325,000*


$318,000*


$320,000*


$365,000


$159,000*


$200,000*




High SP


$2,500,000


$2,360,000


$2,125,000


$950,000


$997,000


$1,780,000


$1,554,840




Median SP


$950,000


$810,000


$700,000


$645,000


$557,500


$553,000


$520,000




Average SP


$1,116,656


$919,224


$768,424


$635,159


$621,135


$559,179


$578,798




Average SP/Sq. Ft


$1,252


$1,098


$931


$781


$830


$702


$708




Average DOM


126


91


145


142


117


165


167




Average SP/LP


97


98


98


95


97


96


96




*There were leasehold sales every year.  Low is marked with the asterisk


 


 


 


 






 







The Mahana at Kaanapali


The Mahana at Kaanapali condos for sale






Mahana


Q2 2023


2022


2021


2020


2019


2018




Sales


6


21


12


5


9


11




Volume


$9,357,500.00


$26,241,500


$14,372,400


$4,858,000


$8,302,000


$8,782,000




Low SP


$1,175,000.00


$772,500


$725,000


$640,000


$625,000


$550,000




High SP


$3,005,000.00


$2,300,000


$1,725,000


$1,650,000


$1,850,000


$990,000




Median SP


$1,248,750.00


$1,160,000


$1,197,500


$880,000


$825,000


$825,000




Average SP


$1,559,583.00


$1,249,595


$1,197,708


$971,600


$922,444


$798,364




Average SP/Sq. Ft


$1,682.00


$1,591


$1,330


$1,314


$1,174


$1,135




Average DOM


130


78


253


161


140


77




Average SP/LP


98


97


97


96


98


97






 







Maui Eldorado


Maui Eldorado condos for sale






Maui Eldorado


Q2 2023


2022


2021


2020


2019


2018




Sales


2


10


12


10


12


9




Volume


$1,850,000.00


$7,011,000


$6,803,500


$4,302,500


$4,766,000


$3,044,012




Low SP


$600,000.00


$415,000


$345,000


$240,000


$240,000


$210,000




High SP


$1,250,000.00


$1,137,500


$965,000


$835,000


$835,000


$610,000




Median SP


$925,000.00


$616,250


$460,750


$403,750


$332,500


$327,901




Average SP


$925,000.00


$701,100


$566,958


$430,250


$397,167


$316,111




Average SP/Sq. Ft


$746.53


$657


$559


$458


$458


$287




Average DOM


59.5


64


131


79


79


251




Average SP/LP


97.00


101


98


96


96


91






 







Maui Kaanapali Villas


Maui Kaanapali Villas condos for sale


 






Maui Kaanapali Villas


Q2 2023


2022


2021


2020


2019


2018




Sales


0


6


15


10


5


12




Volume


0


$4,615,000


$9,598,900


$5,884,400


$3,695,000


$6,382,500




Low SP


NA


$400,000


$345,000


$432,500


$430,000


$285,000




High SP


NA


$1,100,000


$915,000


$799,000


$1,050,000


$1,797,000




Median SP


NA


$767,500


$625,000


$487,450


$760,000


$417,500




Average SP


NA


$769,167


$639,927


$588,440


$739,000


$531,875




Average SP/Sq. Ft


NA


$1,154


$985


$889


$932


$747




Average DOM


NA


111


64


54


49


278




Average SP/LP


NA


99


98


98


100


97






 







Maui Kai


Maui Kai condos for sale







The Masters at Kaanapali Hillside


The Masters at Kaanapali Hillside condos for sale


 






Masters


Q2 2023


2022


2021


2020


2019


2018




Sales


5


17


31


15


18


16




Volume


$8,190,000.00


$25,371,000


$34,802,000


$13,586,500


$15,498,500


$17,310,000




Low SP


$1,400,000.00


$900,000


$675,000


$575,000


$550,000


$540,000




High SP


$1,990,000.00


$2,175,000


$1,929,000


$1,300,000


$1,400,000


$1,500,000




Median SP


$1,500,000.00


$1,565,000


$1,107,000


$945,000


$852,000


$1,127,500




Average SP


$1,638,000.00


$1,492,412


$1,122,645


$905,766


$861,028


$1,081,875




Average SP/Sq. Ft


$1,074.00


$989


$796


$639


$660


$690




Average DOM


190


62


133


97


225


164




Average SP/LP


92.00


100


98


95


95


93






 







The Vintage at Kaanapali


The Vintage condos for sale


 






Vintage


Q2 2023


2022


2021


2020


2019


2018




Sales


1


3


7


4


6


6




Volume


$1,800,000


$5,190,000


$9,734,000


$4,573,000


$6,840,999


$6,445,000




Low SP


$1,800,000


$1,200,000


$1,100,000


$950,000


$890,999


$801,000




High SP


$1,800,000


$1,995,000


$1,620,000


$1,375,000


$1,425,000


$1,400,000




Median SP


$1,800,000


$1,995,000


$1,360,000


$1,124,000


$1,125,000


$1,120,000




Average SP


$1,800,000


$1,730,000


$1,390,571


$1,143,250


$1,140,167


$1,074,167




Average SP/Sq. Ft


$890


$797


$693


$621


$610


$546




Average DOM


191


203


87


148


237


141




Average SP/LP


92


97


99


96


94


95






 







The Whaler at Kaanapali Beach


The Whaler at Kaanapali Beach condos for sale






Whaler


Q2 2023


2022


2021*


2020


2019


2018




Sales


2


8


24


7


16


17




Volume


$2,485,000


$14,931,500


$29,712,000


$7,480,000


$19,000,000


$19,765,000




Low SP


$1,085,000


$1,080,000


$500,000


$795,000


$750,000


$620,000




High SP


$1,400,000


$3,970,000


$3,650,000


$1,250,000


$2,750,000


$2,150,000




Median SP


$1,242,500


$1,575,000


$945,500


$1,100,000


$945,000


$1,100,000




Average SP


$1,242,500


$1,866,438


$1,238,000


$1,068,571


$1,187,500


$1,162,647




Average SP/Sq. Ft


$2,292


$1,959


$1,524


$1,266


$1,380


$1,318




Average DOM


$36


85


116


150


173


165




Average SP/LP


108


98


98


91


95


94




*Leasehold Sale occurred in this year


 


 


 


 


 











If you are thinking of buying or selling in Kaanapali, please contact Courtney M. Brown for more detailed information on the market at each of these Kaanapali communities





Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value.  Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.


This blog post was updated on 7/28/23.  The MLS data charts were changed from a rolling 12 months to a rolling 6 months of data.
 ]]> </description>
    <pubDate>Thu, 27 Jul 2023 12:48:00 -1000</pubDate>
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<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-condo-market-update-q2-2023.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-condo-market-update-q2-2023.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Condo Market Update Q2 | 2023</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: Activity through Q2 | 2023 





Kapalua Condominiums:  Market Update through Q2 | 2023


The Kapalua Resort is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views. 


Kapalua Resort Condo Market*






KAPALUA RESORT CONDOS


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


15


62


145


40


61


45




Volume


$39,474,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800


$92,832,112




Low Sales Price


$1,250,000


$940,000


$600,000


$600,000


$595,000


$575,000




High Sales Price


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000


$8,950,000




Median


$1,695,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000


$1,031,250




Average SP


$2,631,600


$2,351,218


$2,060,805


$1,715,438


$2,033,242


$2,062,935




Average SP/Sq. Ft.


$1,645


$1,470


$1,154


$1,000


$1,028


$1,026




Average DOM


201


96


177


165


213


209




Average SP/LP


98


99


97


94


96


97




*Does not include Napili Kai (Puna) Condos, Pailolo Place Condos, Montage Fractionals, or the Ironwoods fractional sale in 2022


 











 


Key Stats by Community


How does the market through the middle of 2023 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


Q2 2023


2022


2021


2020


2019


2018




Sales


0


2


6


0


0


0




Volume


0


$10,990,000


29,000,000


0


0


0




Low SP


NA


$5,300,000


3,700,000


NA


NA


NA




High SP


NA


$5,690,000


6,250,000


NA


NA


NA




Median SP


NA


$5,495,000


$4,750,000


NA


NA


NA




Average SP


NA


$5,495,000


4,833,333


NA


NA


NA




Average SP/Sq. Ft


NA


$2,240


1,883


NA


NA


NA




Average DOM


NA


67


154


NA


NA


NA




Average SP/LP


NA


93


97


NA


NA


NA











At the time of this post, there is just one listing and no pending sales or sales YTD:






Status


Building Name


Unit


List Price


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.




ACT


Coconut Grove


F24


$6,750,000


3


3.5


2,783


237


$2,425






In 2022, there were just two sales at Coconut Grove.  The low sale was significantly higher than in 2021.  The reason for this is that all sales in 2022 were oceanfront, while in 2021 there was a second-row sale.   Note: in 2021 and 2022 combined there were 8 sales, which represents 22 of the inventory to change to new ownership.


 


Kapalua Ironwoods*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


Q2 2023


2022


2021


2020


2019


2018




Sales


0


4


5


4


1


1




Volume


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000


$3,000,000




Low SP


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000


$3,000,000




High SP


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000


$3,000,000




Median SP


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000


$3,000,000




Average SP


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000


$3,000,000




Average SP/Sq. Ft


NA


$1,729


$1,634


$1,412


$1,065


$1,391




Average DOM


NA


149


320


124


671


204




Average SP/LP


NA


95


92


88


93


92






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those fractional interest sales are not accounted for in the above figures, but are reflected in the graph below.  Since 2020 about 30 of the residences at the Ironwoods changed hands.







 At the time of this post, there is just one listing:






Status


Building Name


Unit


List Price


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


Kapalua Ironwoods


62


$4,350,000


2


3


2,032


197


$2,141


397779






There have been no pending sales or sales YTD in 2023.  In 2022, the average sales price was buoyed by a record sale of a renovated oceanfront residence. The number of sales matched those in 2020.


 


Kapalua Bay Villas


View Kapalua Bay Villas Condos for Sale






Kapalua Bay Villas


Q2 2023


2022


2021


2020


2019


2018




Sales


4


10


30


7


14


7




Volume


$6,494,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500


$7,621,250




Low SP


$1,399,000


$1,300,000


$755,000


$675,000


$800,000


$800,000




High SP


$1,900,000


$3,200,000


$2,900,000


$1,900,000


$1,485,000


$1,600,000




Median SP


$1,597,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500


$1,031,250




Average SP


$1,623,500


$1,776,400


$1,369,650


$1,076,857


$1,073,750


$1,088,750




Average SP/Sq. Ft


$1,548


$1,496


$1,104


$876


$872


$872




Average DOM


159


68


232


149


287


258




Average SP/LP


99


100


97


92


93


95











At the time of this post, there is just one listing and there have been four sales YTD






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft. 


DOM


$/Sq. Ft.


MLS 




PNDS


Kapalua Bay Villas


32B3


$1,750,000


 


 


1


1.5


995


20


$1,759


399242




SLD


Kapalua Bay Villas


17B3


$1,695,000


$1,695,000


3/15/23


1


2


995


58


$1,704


397877




SLD


Kapalua Bay Villas


37G-1


$1,399,000


$1,399,000


4/11/23


1


2


1,119


263


$1,250


396509




SLD


Kapalua Bay Villas


35B2


$1,950,000


$1,900,000


4/14/23


1


2


1,087


60


$1,748


398133




SLD


Kapalua Bay Villas


17G4


$1,500,000


$1,500,000


6/2/23


1


1


1,006


253


$1,491


396995






In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa.  This also served to increase the average sales price.  That said, the number of sales was much closer to 2020 figures. 


 


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


Q2 2023


2022


2021


2020


2019


2018




Sales


4


21


44


9


9


13




Volume


$5,905,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603


$10,645,400




Low SP


$1,250,000


$940,000


$600,000


$600,000


$595,000


$575,000




High SP


$1,675,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000


$1,200,000




Median SP


$1,490,000.00


$1,215,000.00


$944,000


$745,000


$785,000


849,000




Average SP


$1,476,250


$1,332,548


$956,176


$826,833


$802,572


$818,877




Average SP/Sq. Ft


$1,428


$1,205


$856


$749


$677


$678




Average DOM


135


81


122


124


165


155




Average SP/LP


99


100


99


94


97


98











At the time of this post, there are two active listings and three pending sales.  There have been four sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


Kapalua Golf Villas


19T4-5


$1,385,000


 


 


1


2


972


173


$1,424.90


397970




ACT


Kapalua Golf Villas


25-T6&amp;7


$1,895,000


 


 


2


2


1,344


129


$1,409.97


398330




PNDS


Kapalua Golf Villas


18T3-4


$1,265,000


 


 


1


2


972


16


$1,301.44


399279




PNDS


Kapalua Golf Villas


27P7-8


$1,895,000


 


 


2


2


1,344


89


$1,409.97


398662




PNDNS


Kapalua Golf Villas


15P5&amp;6


$1,625,000


 


 


2


2


1,344


194


$1,209.08


397798




SLD


Kapalua Golf Villas


25 P3-4


$1,700,000


$1,675,000


2/3/23


2


2


1,344


171


$1,246.28


396733




SLD


Kapalua Golf Villas


21T1-2


$1,385,000


$1,385,000


2/17/23


1


2


972


112


$1,424.90


397242




SLD


Kapalua Golf Villas


17T8


$1,285,000


$1,250,000


4/21/23


1


2


987


186


$1,266.46


397171




SLD


Kapalua Golf Villas


23V2


$1,595,000


$1,595,000


6/30/23


1


2


899


72


$1,774.19


398654






 


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


Q2 2023


2022


2021


2020


2019


2018




Sales


2


11


28


8


6


6




Volume


$3,975,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000


$6,090,500




Low SP


$1,750,000


$1,250,000


$775,000


$650,000


$650,000


$849,000




High SP


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000


$1,500,000




Median SP


$1,987,500


$1,375,000


$1,097,000


$1,135,000


$780,000


$920,750




Average SP


$1,987,500


$1,414,000


$1,117,929


$1,097,063


$817,333


$1,015,083




Average SP/Sq. Ft


$1,124


$1,179


$813


$701


$653


$737




Average DOM


51


65


165


222


263


215




Average SP/LP


99


100


97


96


98


97






 







At the time of this post, there are two active listings and two pending sales at The Ridge.  There have been two sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.




ACT


Kapalua Ridge


2122


$1,495,000


 


 


1


2


1,150


56


$1,300




ACT


Kapalua Ridge


1512


$1,500,000


 


 


1


2


1,125


35


$1,333




PNDS


Kapalua Ridge


724


$1,389,000


 


 


1


2


1,125


67


$1,235




PNDS


Kapalua Ridge


1611-13


$1,950,000


 


 


2


3


1,778


129


$1,097




SLD


Kapalua Ridge


1223-24


$1,750,000


$1,750,000


2/1/23


2


3


1,756


65


$997




SLD


Kapalua Ridge


2911-13


$2,250,000


$2,225,000


3/22/23


2


3


1,778


37


$1,251






In 2022, similar to other properties, the available inventory at the Ridge Villas was quite limited.  The sale of a two bedroom villa set a record high of $1,900,000.


 


Montage Residences Kapalua Bay


View Montage Residences Kapalua Bay Condos for Sale






Montage Kapalua Bay


Q2 2023


2022


2021


2020


2019


2018




Sales


4


10


27


9


21


12




Volume


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000


$58,780,074




Low SP


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000


$3,495,000




High SP


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000


$8,950,000




Median SP


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000


$4,422,500




Average SP


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429


$4,898,340




Average SP/Sq. Ft


$2,074


$2,027


$1,742


$1,407


$1,556


$1,572




Average DOM


513


151


152


170


173


230




Average SP/LP


97


97


98


99


97


100






 







 At the time of this post, there are three active listings and no pending sales at the Montage Kapalua Bay.  There have been four sales YTD.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


Montage Residences Kapalua Bay


4201


$4,750,000


 


 


3


3.5


2,065


5


$2,300


399361




ACT


Montage Residences Kapalua Bay


1204


$8,195,000


 


 


3


3.5


2,789


167


$2,938


398325




ACT


Montage Residences Kapalua Bay


1103


$12,500,000


 


 


3


3.5


2,904


71


$4,304


398817




SLD


Montage Residences Kapalua Bay


2206


$3,800,000


$3,650,000


2/21/23


3


3.5


2,904


974


$1,257


387459




SLD


Montage Residences Kapalua Bay


4503


$4,595,000


$4,450,000


5/1/23


3


3.5


2,079


201


$2,140


397124




SLD


Montage Residences Kapalua Bay


1203


$8,795,000


$8,200,000


6/13/23


3


3.5


2,904


363


$2,824


396141




SLD


Montage Residences Kapalua Bay


3501


$5,250,000


$5,250,000


6/14/23


3


3.5


2,065


40


$2,542


398797






While the record high sale was in 2021, the average sales price did increase at Montage as did the average sales price/sq. ft.  It is noteworthy that the high sale in 2021 was a four bedroom residence.  With only eight ever built, these seldom come up, but when they do sell, they command a high price that does impact the average sales price and price per sq. ft. as they are directly oceanfront residences that often command a higher price.  The number of sales was similar to 2020, but the volume was significantly higher. 


 


Ritz-Carlton Kapalua Residences 


View Ritz-Carlton Residences Kapalua Condos for Sale






Ritz-Carlton Residences


Q2 2023


2022


2021


2020


2019


2018




Sales


1


4


5


3


1


6




Volume


$1,550,000


$7,429,000


$9,655,000


$3,872,500


$900,000


$6,694,888




Low SP


$1,550,000


$990,000


$945,000


$735,000


$900,000


$830,000




High SP


$1,550,000


$2,800,000


$2,800,000


$2,300,000


$900,000


$1,400,000




Median SP


$1,550,000


$1,820,000


$1,800,000


$837,500


$900,000


$1,082,444




Average SP


$1,550,000


$1,857,250


$1,931,000


$1,290,833


$900,000


$1,115,815




Average SP/Sq. Ft


$1,765


$1,557


$1,446


$1,065


$1,034


$1,093




Average DOM


162


161


448


216


203


207




Average SP/LP


92


102


97


88


92


90











At the time of this post, there are four active listings at the Ritz-Carlton, Kapalua.  YTD there has been one sale.






Status


Building Name


Unit


List Price


Sold Price


Close Date


Beds


Baths


Sq. Ft.


DOM


$/Sq. Ft.


MLS 




ACT


The Ritz Carlton Residences


1601


$1,685,000


 


 


1


1


872


118


$1,932.34


398419




ACT


The Ritz Carlton Residences


1614-1616


$3,650,000


 


 


2


2


1,333


107


$2,738.18


398516




ACT


The Ritz Carlton Residences


1226-1228


$3,675,000


 


 


2


2


1,477


243


$2,488.15


397394




ACT


The Ritz Carlton Residences


1626


$8,900,000


 


 


2


2.5


2,558


16


$3,479.28


399288




SLD


The Ritz Carlton Residences


1712


$1,680,000


$1,550,000


4/5/23


1


1


878


162


$1,765.38


397227






The Ritz-Carlton Kapalua also saw an increase in the average sales price/sq. ft. with an increase in the sales price to list price ratio as well in 2022.


If you are thinking of buying or selling in Kapalua, please contact Courtney M. Brown for more detailed information on the market at each of these Kapalua communities,


Kapalua Condos for Sale





Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS.  Interested parties are advised to do their own due diligence and confirm all figures contained herein.


*Kapalua Resort data contained in the search is pulled from the Maui MLS using a map search which is outlined to include condominiums in the Kapalua Resort.  It does not include condominium data for the condominiums at Napili Kai or Pailolo Place which fall within the MLS District of Kapalua but are not part of the Kapalua Resort.  Stats on other sites may pull different data if not excluding these areas.


This blog was updated on 7/28/23 and the interactive charts from the MLS were changed from rolling year of data to rolling 6 months.


 
 ]]> </description>
    <pubDate>Mon, 17 Jul 2023 11:59:00 -1000</pubDate>
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<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/spotlight-on-the-honua-kai.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/spotlight-on-the-honua-kai.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Spotlight on the Honua Kai</title>
    <description> <![CDATA[ 
Market Spotlight: Honua Kai June 16, 2023





The Honua Kai is Kaanapali's newest condominium development and one of the most desirable vacation destinations in West Maui.  Built in three phases along Kekaa Beach on the North Side of Black Rock, the Honua Kai is comprised of three separate sections: Hokulani (South Resort-SR-2008), Konea (North Resort-NR-2009) and Luana Gardens (2018).   


The Hokulani and Konea towers feature 627 studio, one, two and three-bedroom condominium residences.  The 10 story buildings have central air conditioning, elevators and underground parking.  The new addition of Luana Gardens weaves in a more contemporary residential component, with 72 three-bedroom residences.  These low rise, two-story buildings feature private garages in three clusters, each around one of three pools.  


Guests at Honua Kai have access to adult and family pools, hot tubs, BBQ Grills, Bar and Lounge, fitness center, the Aina Gourmet Market, elevators, valet and self-parking, concierge, porter/bellhop, Ho'ola Spa and Duke's Restaurant (this is a great place to whale watch as you take in the sunset).


Honua Kai: All Buildings | The State of the Current Market as of June 16, 2023






ACTIVE LISTINGS


3




Volume


$7,195,000




Low LP


$1,750,000




High LP


$2,750,000




Average LP


$2,398,333




Average LP/Sq. Ft.


$2,264




Average DOM


90




 


 




PENDING SALES


1




Volume


$1,395,000




Low LP


$1,395,000




High LP


$1,395,000




Average LP


$1,395,000




Average LP/Sq. Ft.


$2,405




Average DOM


25




 


 




SOLD


11




Volume


$24,458,000




Low SP


$1,220,000




High SP


$5,525,000




Average SP


$2,223,455




Average SP/Sq. Ft.


$2,184




Average DOM


119









Honua Kai Sales: A Historical Perspective


Honua Kai | All Buildings





Honua Kai | Luana Gardens





For more information on the Honua Kai condos for sale, contact Courtney M Brown, R(S) with Island Sotheby's International  Realty


View Honua Kai Condos for Sale



 ]]> </description>
    <pubDate>Fri, 16 Jun 2023 17:20:00 -1000</pubDate>
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