Pineapple Hill Market Update: March 14, 2022

Posted by Courtney M. Brown on Monday, March 14th, 2022 at 1:33pm.

Pineapple Hill, Kapalua, Maui: residential market update

Pineapple Hill kapalua homes for sale

Sold: 320 Cook Pine Drive listed by Courtney M. Brown sold for $3,850,000.

About Pineapple Hill

Pineapple Hill is one of Kapalua's most popular residential communities.  A gated enclave developed in two sections, Pineapple Hill (now known as Pineapple Hill phase I), and Pineapple Hill Estates (2001).  Pineapple Hill was originally comprised of 99 homesites that were approximately a quarter acre in size.  Homes were restricted to one of six-floor plans (though later modifications would be allowed if the footprint was maintained with Design Review Committee Approval.  Custom homes were allowed if built on two or more contiguous lots.  Six such homes were constructed, which reduced the lots from 99 in phase I to 86.  The home sites in Pineapple Hill Estates are larger (approximately a half-acre) and a custom home can be constructed in keeping with the design guideline and there are 31 lots. 

In both phases of Pineapple Hill there is a combined total of 117 home sites.  Of these, there are 11 lots that have yet to be developed, 1 under construction, and 105 completed homes as of this posting.

The Current Market at Pineapple Hill: Pineapple Hill Homes for Sale

At the time of this post, there are just three homes listed for sale in Pineapple Hill.  236 Crestview is in Pineapple Hill Estates, and the other two homes are on a double lot.  There are no pending sales.  

Status Address List Price Bds Baths Liv A SF Land Acres Days On Market $/SQFT Year Built House MLS #
ACT 236 Crestview Rd $5,395,000 4 4.5 4,077 0.45 41 $1,323 2003 394626
ACT 314 Cook Pine Dr $7,900,000 5 5.5 7,229 0.50 209 $1,093 2000 392686
ACT 1216 Summer Rd $8,450,000 6 6.5 7,784 0.62 10 $1,086 1990 394986

In vacant land, there are no lots actively listed for sale or pending.  There have been three lot sales since January 2022 that have ranged from $879,000 to $1,090,000.

Pineapple Hill & Pineapple Hill Estates Historical Home Sales (per MLS*)

Pineapple Hill
Low Sale: $1,480,020 for 2,348 sq. ft. home constructed in 1999 (2019)
High Sale: $9,150,000 for a 7,784 sq. ft. home completed in 1990 (2007)

Pineapple Hill Estates
Low Sale: $2,500,000 for a 3,715 sq. ft. home constructed in 2004 (2015)
High Sale: $6,100,000 for a 4,486 sq. ft. home constructed in 2007 (2008)

Pineapple Hill & Pineapple Hill Estates 2022 YTD 2021 2020 2019 2018 2017 2016
Number of Sales 2 15 10  15 4 6 9
Low Sales Price $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000 $1,750,000 $2,050,000
High Sales Price $3,850,000 $4,850,000 $3,750,000 $3,200,000 $2,680,000 $3,550,000 $2,700,000
Average Sales Price $3,300,000 $3,067,500 $2,718,700 $2,388,935 $2,387,500 $2,524,167 $2,352,222
Average Sales Price/Sq. ft. $840 $768 $696  $692 $588 $680 $651
Average DOM 91 160 137  262 325 219 219
Sales Price/List Price 94% 95% 95% 94% 92% 93% 91%

Pineapple Hill and Pineapple Hill Estates Historical Land Sales

Pineapple Hill & Pineapple Hill Estates Land  2022 YTD 2021 2020 2019 2018 2017 2016
Number of Sales 3 2 1 0 0 0 0
Low Sales Price $879,000 $1,195,000 $950,000 NA NA NA NA
High Sales Price $1,090,000 $1,305,000 $950,000 NA NA NA NA
Average Sales Price $1,004,000 $1,250,000 $950,000 NA NA NA NA
Average Sales Price/Sq. ft. $84 $62 $87 NA NA NA NA
Average DOM 305 143 314 NA NA NA NA
Sales Price/List Price 100% 100% 90% NA NA NA NA

It should be noted that there are so few lot sales because there are so few undeveloped lots left in Pineapple Hill and Pineapple Hill Estates.

Comments: comparing 2021 to 2022, you'll note the land sales were lower in 2022 but the price per square foot was significantly higher.  This is because the two lots to sell in 2021 were both in Pineapple Hill Estates, which has larger lots (these were .45 and .48 acres).  The lots to sell to date in 2022 are all in located in phase I and are significantly smaller (.23-.36 acres).

Since January 2020, there have been 33 sales of land and homes in Pineapple Hill.  I've been privileged to represent more buyers and sellers than any other real estate agent in these transactions: I assisted the Sellers in 9 transactions and the Buyers in 6 transactions. Please feel free to reach out with any questions about Pineapple Hill or the Kapalua Resort market.  contact Courtney M. Brown, R(S)

*MLS keeps sales since January 2001.  All information is taken from the MLS and is believed accurate but is subject to change.  It does not include private sales and should be independently verified.  Interested parties should do their own due diligence.

Pineapple Hill Homes for Sale

2 Properties Found. Page 1 of 1

The Prestigious Emerald Point, Located On A Pri...

Photo of Listing #394986

$8,450,000 Pending - Cont. To Show Fee Simple

  • 6 Beds
  • Baths
  • 0.62 Acres
  • 7,784 ft²

Residential

1216 Summer Rd, Kapalua, Hawaii

MLS® #394986

Listed By: Coldwell Banker Island Prop-KP

The Prestigious Emerald Point, Located On A Private Cul-de-sac In The World Famous Kapalua's Pineapple Hill. A Once-in-a-lifetime Opportunity To Own This Approx. 7,800 Square Foot Estate With An Additional 1,336 Square Feet Of Covered Outdoor Living Area. I...

Magnificent 5 Bedroom, 5 1/2 Bath Home With The...

Photo of Listing #392686

$7,900,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 0.5 Acres
  • 7,229 ft²

Residential

314 Cook Pine Dr, Kapalua, Hawaii

MLS® #392686

Listed By: Coldwell Banker Island Prop-KP

Magnificent 5 Bedroom, 5 1/2 Bath Home With The Finest Craftsmanship And Materials In This Very Distinctive Home Behind The Gates At Pineapple Hill At Kapalua. Sprawled Across 2 Lots And Meticulously Maintained, The Former Home Of One Of Music's All Time Fa...

Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty

 

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