<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="http://www.luxuryrealestatemaui.com/blog/pineapple-hill-pineapple-hill-estates/rss" rel="self" type="application/rss+xml" />
        <title>Maui Real Estate &amp; Lifestyle News</title>
        <link>http://www.luxuryrealestatemaui.com/blog/pineapple-hill-pineapple-hill-estates/</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/market-spotlight-pineapple-hill-kapalua-introducing-324-cook-pine-drive.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/market-spotlight-pineapple-hill-kapalua-introducing-324-cook-pine-drive.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Market Spotlight: Pineapple Hill, Kapalua | Introducing 324 Cook Pine Drive</title>
    <description> <![CDATA[ 
Market Spotlight: Pineapple Hill, Kapalua, Maui


Introducing 324 Cook Pine, Pineapple Hill





New to market is 324 Cook Pine Drive, Kapalua, Maui  


Welcome to Pineapple Hill, where elegance meets the effortless beauty of Maui’s world-renowned Kapalua Resort.


Perched in one of Maui’s most sought-after communities, this gracious home offers breathtaking panoramic ocean, island, and sunset views, seamlessly blending indoor and outdoor living. The expansive living room opens to sprawling covered lanais, creating an ideal setting for entertaining or tranquil relaxation. Enjoy the pool and spa, where whale-watching and Maui’s famed sunsets become part of your daily routine.


Upstairs, you’ll find three luxurious bedroom suites, including a primary retreat with a private lanai, elegant sitting area, spacious walk-in closet, and spa-inspired ensuite featuring a soaking tub and oversized shower.


Modern upgrades ensure efficiency and sustainability, including 62 solar panels, four Tesla batteries, new AC, plush carpeting, and designer blinds.


Located within the gated community of Pineapple Hill, residents enjoy access to resort-style amenities, including a clubhouse, pool, tennis &amp; pickleball courts, and dedicated on-site management. Amenities in Kapalua include some of Maui’s finest beaches, award-winning dining, and the world-famous Kapalua Plantation &amp; Bay golf courses.


Pineapple Hill Current Listings &amp; Pending Sales






Status


Address


Original List Price


List Price


Beds


Baths


SQFT


Acres


$/SQFT


DOM


Built


Subdivision


MLS 




ACT


324 Cook Pine Dr


$4,250,000


$4,250,000


3


3.5


3,670


0.25


$1,158


0


1990


Pineapple Hill


405060




ACT


514 Pacific Dr


$5,500,000


$5,500,000


4


4.5


3,704


0.22


$1,485


53


2005


Pineapple Hill


404516




ACT


104 Woodrose Pl


$5,850,000


$5,850,000


4


3.5


3,315


0.23


$1,765


124


1989


Pineapple Hill


403822




ACT


1008 Sunset Pl


$5,875,000


$5,875,000


3


3.5


4,574


0.23


$1,284


224


2002


Pineapple Hill


402889




PEND


306 Cook Pine Dr


$5,995,000


$5,975,000


4


4.5


4,150


0.25


$1,440


386


2023


Pineapple Hill 


401098




PEND


1216 SUMMER Rd


$11,000,000


$8,450,000


6


6.5


7,448


0.62


$1,135


460


1990


Pineapple Hill


400328






At the time of this post, there are four homes actively listed for sale, and two homes pending.  All are located in Pineapple Hill, the first phase of the development. 


It should be noted that of the pending sales, 306 Cook Pine Drive is an unfurnished, newly constructed home.  1216 Summer Road is an older home on a double lot, a rarity in phase one of the development.


2024 Key Sales Stats | Pineapple Hill &amp; Pineapple Hill Estates Homes






Pineapple Hill Homes


2024


2023


2022


2021


2020




Number of Sales


4


9


7


15


10




Volume


$20,288,000


$41,750,000


$35,575,000


$46,012,500


$27,187,000




Low SP


$3,150,000


$4,150,000


$2,750,000


$2,062,500


$1,600,000




High SP


$6,875,000


$6,450,000


$7,900,000


$4,850,000


$3,750,000




Median SP


$5,131,500


$4,300,000


$4,825,000


$2,700,000


$2,625,000




Average SP


$5,072,000


$4,638,889


$5,082,142


$3,067,500


$2,718,700




Average SP/Sq. Ft.


$1,449


$1,219


$1,023


$768


$696




Average DOM


150


154


134


160


137




Average SP/LP


94


94


96


95


95






2024 Sales | Pineapple Hill &amp; Pineapple Hill Estates Homes






Status


Address


List Price


Sold Price 


SP/LP


Date


Beds


Baths


Sq. Ft.


Acres


$/Sq. Ft.


DOM


Built


Community




SLD


712 Fairway Dr


$3,300,000


$3,150,000


95


4/25/24


3


3


2,361


0.20


$1,334.18


77


1998


Pineapple Hill




SLD


110 Woodrose Pl


$5,900,000


$5,513,000


93


6/10/24


3


3.5


3,038


0.23


$1,814.68


133


2010


Pineapple Hill 




SLD


238 Crestview Rd


$4,900,000


$4,750,000


97


6/14/24


4


4.5


4,121


0.47


$1,152.63


179


2007


Pineapple Hill Estates




SLD


229 Crestvew Rd


$7,495,000


$6,875,000


92


7/31/24


4


4


4,598


0.48


$1,495.22


209


2005


Pineapple Hill Estates






2024 Key Sales Stats | Pineapple Hill &amp; Pineapple Hill Estates Land






Pineapple Hill Land


2024


2023


2022


2021


2020




Number of Sales


1


1


5


2


1




Volume


$985,000


$995,000


$5,787,000


$2,500,000


$950,000




Low SP


$985,000


$995,000


$879,000


$1,195,000


$950,000




High SP


$985,000


$995,000


$1,500,000


$1,305,000


$950,000




Median SP


$985,000


$995,000


$1,090,000


$1,090,000


$950,000




Average SP


$985,000


$995,000


$1,157,400


$1,250,000


$950,000




Average SP/Sq. Ft.


$87


$100


$101


$62


$87




Average DOM


29


333


204


143


314




Average SP/LP


100


100


100


100


90






2024 Sales | Pineapple Hill Land






Status


Address


List Price


Sold Price 


SP/LP


Date


Acres


DOM


$/Sq. Ft.


Community


MLS




SLD


1010 Sunset Pl


$985,000


$985,000


100


5/24/24


0.26


29


$87


Pineapple Hill


401954






For more information on this offering or Homes for sale in Kapalua, please contact Courtney M. Brown, R(S) 56519



 ]]> </description>
    <pubDate>Mon, 24 Feb 2025 12:44:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-market-2024-in-review.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-real-estate-market-2024-in-review.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>KAPALUA REAL ESTATE MARKET: 2024 IN REVIEW</title>
    <description> <![CDATA[ 
KAPALUA REAL ESTATE MARKET: 2024 IN REVIEW


The view from Kapalua Bay Villa 23B3, an oceanfront residence, currently listed for sale


Kapalua Condominiums:  A five year sales history


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


2024


2023


2022


2021


2020


2019




Number of Sales


25


22


62


145


40


61




Volume


$64,408,000


$52,789,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800




Low Sales Price


$990,000


$1,250,000


$940,000


$600,000


$600,000


$595,000




High Sales Price


$12,000,000


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000




Median


$1,350,000


$1,725,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000




Average SP


$2,576,320


$2,399,500


$2,351,218


$2,060,805


$1,715,438


$2,033,242




Average SP/Sq. Ft.


$1,461


$1,597


$1,470


$1,154


$1,000


$1,028




Average DOM


136


182


96


177


165


213




Average SP/LP


94


97


99


97


94


96




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

 






Over the last five years, Maui's real estate market has seen some dramatic swings:  in 2019, the resort market was a seasonal market, with the peak activity occurring in winter/spring, when visitors are here on island.  With travel restrictions in effect from March to October of 2020, there is a dip in activity.  Once travel restrictions were lifted, the Kapalua Resort market saw a striking increase in condominium sales in 2021.  As interest rates rose, and available properties decreased, we saw fewer sales in 2022.  


Sales were slower in the Kapalua Resort in 2023, which is to be expected in the wake of the devastating wildfires in Lahaina town in August.  Of the 22 condo sales that occurred in the resort in 2023, only 3 took place between 8/9 and 12/31. 


In 2024, the resort market is slowly coming back, however, not to 2019 levels.  This may be in part due to many factors: travel is below Pre-Covid numbers statewide, election years tend to be slow in general, rising insurance costs have resulted in increases in monthly association dues, and the Mayor's proposed ban on short term rentals in the apartment districts.  This legislation would affect the Golf, Ridge and Bay Villas if it were to be passed. 


While 61 of the sales in the resort were one bedroom properties that averaged around the $1,100,000 mark, there were some notable exceptions including the sale at the Ridge Villas at $2,795,000 set a new a record high, the sale of a two-bedroom villa at the Bay Villas for $2,950,000 was the second highest in Bay Villa history, and a Montage Kapalua Bay four-bedroom residence closed at $12,000,000.


Key Stats by Community


How does the market in 2024 compare to prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


2024


2023


2022


2021


2020


2019




Sales


0


0


2


6


0


0




Volume


0


0


$10,990,000


29,000,000


0


0




Low SP


NA


NA


$5,300,000


3,700,000


NA


NA




High SP


NA


NA


$5,690,000


6,250,000


NA


NA




Median SP


NA


NA


$5,495,000


$4,750,000


NA


NA




Average SP


NA


NA


$5,495,000


4,833,333


NA


NA




Average SP/Sq. Ft


NA


NA


$2,240


1,883


NA


NA




Average DOM


NA


NA


67


154


NA


NA




Average SP/LP


NA


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*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


2024


2023


2022


2021


2020


2019




Sales


2


0


4


5


4


1




Volume


$8,575,000


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000




Low SP


$3,350,000


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000




High SP


$5,225,000


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000




Median SP


$4,287,500


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000




Average SP


$4,287,500


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000




Average SP/Sq. Ft


$1,913


NA


$1,729


$1,634


$1,412


$1,065




Average DOM


184


NA


149


320


124


671




Average SP/LP


96


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. 


Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua.  Since 2020 37.5 of the residences at the Ironwoods have changed hands. 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.  In 2023, there were no sales at the Ironwoods.  In 2024, there were two sales: one an impeccably renovated ground floor two-bedroom ocean view residence at $3,350,000 and the other an updated three-bedroom oceanfront residence at $5,225,000.


Kapalua Bay Villas


View Kapalua Bay Villas Condos for Sale 






Kapalua Bay Villas


2024


2023


2022


2021


2020


2019




Sales


2


6


10


30


7


14




Volume


$4,450,000


$9,994,000


$17,764,000


$41,089,500


$7,538,000


$15,032,500




Low SP


$1,500,000


$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


$2,225,000


$1,697,500


$1,437,500


$1,237,000


$1,000,000


$1,062,500




Average SP


$2,225,000


$1,665,667


$1,776,400


$1,369,650


$1,076,857


$1,073,750




Average SP/Sq. Ft


$1,710


$1,734


$1,496


$1,104


$876


$872




Average DOM


107


124


68


232


149


287




Average SP/LP


97


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.  


In 2024, the recording of Kapalua Bay Villa 15G1-3 at $2,950,000 marks the second highest sale in the complex's history, and the highest sale for a second row residence.  The record remains the sale of 30B3-4 an oceanfront residence at $3,200,000 in 2022.  The other sale was a one-bedroom ocean-view villa at $1,500,000.


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


2024


2023


2022


2021


2020


2019




Sales


10


6


21


44


9


9




Volume


$11,642,000


$9,355,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603




Low SP


$990,000


$1,250,000


$940,000


$600,000


$600,000


$595,000




High SP


$1,550,000


$1,850,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000




Median SP


$1,125,000


$1,597,500


$1,215,000


$944,000


$745,000


$785,000




Average SP


$1,164,200


$1,559,167


$1,332,548


$956,176


$826,833


$802,572




Average SP/Sq. Ft


$1,157


$1,380


$1,205


$856


$749


$677




Average DOM


93


143


81


122


124


165




Average SP/LP


95


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.


In 2024, the Golf Villas saw more sales than any other condominium community in Kapalua.  9 of the 10 sales were one bedroom villas that ranged from $990,000 to $1,350,000, with a median of $1,100,000.


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


2024


2023


2022


2021


2020


2019




Sales


6


4


11


28


8


6




Volume


$9,501,000


$7,240,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000




Low SP


$1,000,000


$1,390,000


$1,250,000


$775,000


$650,000


$650,000




High SP


$2,795,000


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000




Median SP


$1,122,500


$1,812,500


$1,375,000


$1,097,000


$1,135,000


$780,000




Average SP


$1,583,500


$1,810,000


$1,414,000


$1,117,929


$1,097,063


$817,333




Average SP/Sq. Ft


$1,101


$1,315


$1,179


$813


$701


$653




Average DOM


108


78


65


165


222


263




Average SP/LP


91


99


100


97


96


98






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 was the highest sale recorded in MLS for a Ridge Villa until 2024.


In 2024, 1723, which was a fully permitted 3B/3B residence (this was a conversion of a 2B Villa into a 3B) set a new record high sale by more than $500,000, recording at $2,795,000.  4 of the 6 sales were one bedroom villas which ranged from $1,000,000 to $1,125,000 and had a median price of $1,115,500.


Montage Residences Kapalua Bay


View Montage Residences Kapalua Bay Condos for Sale






Montage Kapalua Bay


2024


2023


2022


2021


2020


2019




Sales


4


4


10


27


9


21




Volume


$28,750,000


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000




Low SP


$4,200,000


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000




High SP


$12,000,000


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000




Median SP


$6,275,000


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000




Average SP


$7,187,500


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429




Average SP/Sq. Ft


$2,349


$2,074


$2,027


$1,742


$1,407


$1,556




Average DOM


197


513


151


152


170


173




Average SP/LP


95


97


97


98


99


97






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. 


In 2024 there were four sales at the Montage Residences Kapalua Bay:4201 a 3B/3.5B Hotel Residence at $4,200,002604 a 3B/3.5B Grand Residence at $5,800,0005503 a 3B/3.5B + Den Grand Residence at $6,750,0002201 a 4B/4.5B Grand Residence at $12,000,000 


The four bedroom sale is below the record-high sale of $13,295,000 in 2021.  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 


View Ritz-Carlton Residences Kapalua Condos for Sale






Ritz-Carlton Residences


2024


2023


2022


2021


2020


2019




Sales


1


2


4


5


3


1




Volume


$1,490,000


$4,645,000


$7,429,000


$9,655,000


$3,872,500


$900,000




Low SP


$1,490,000


$1,550,000


$990,000


$945,000


$735,000


$900,000




High SP


$1,490,000


$3,100,000


$2,800,000


$2,800,000


$2,300,000


$900,000




Median SP


$1,490,000


$2,325,000


$1,820,000


$1,800,000


$837,500


$900,000




Average SP


$1,490,000


$2,325,000


$1,857,250


$1,931,000


$1,290,833


$900,000




Average SP/Sq. Ft


$1,709


$1,932


$1,557


$1,446


$1,065


$1,034




Average DOM


454


255


161


448


216


203




Average SP/LP


90


88


102


97


88


92






In 2024, there was just one sale of a one bedroom residence at the Ritz-Carlton Residences. 


KAPALUA RESORT RESIDENTIAL MARKET UPDATE: Homes and Land Sales in 2024





94 Keoawa is a home for sale in Honolua Ridge listed at $10,800,000.  Photography by Archer Shoots.


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.






Homes


2024


2023


2022


2021


2020


2019




Number of Sales


7


11


14


29


17


18




Volume


$79,738,000


$55,430,000


$74,700,000


$144,197,500


$90,787,000


$47,954,020




Low SP


$3,150,000


$2,975,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$26,450,000


$7,680,000


$7,900,000


$15,000,000


$24,000,000


$6,000,000




Median SP


$6,875,000


$4,400,000


$5,200,000


$4,150,000


$3,500,000


$2,575,000




Average SP


$11,391,143


$5,039,091


$5,335,714


$4,972,327


$5,240,411


$2,664,112




Average SP/Sq. Ft.


$1,986


$1,241


$1,112


$982


$1,063


$715




Average DOM


190


165


193


227


151


270




Average SP/LP


93


93


97


94


91


92






In 2023, there were 11 home sales.  All but two were in Pineapple Hill and Pineapple Hill Estates. In 2024, the market saw four sales in Pineapple Hill &amp; Pineapple Hill Estates, one sale in Plantation Estates at a record $16,000,000, one at Kapalua Place at $17,000,000 and 9 Bay Drive at $26,450,000.


KAPALUA HOME SALES BY COMMUNITY: 2024 and a 5 Year Overview


PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale






Pineapple Hill Homes


2024


2023


2022


2021


2020


2019




Number of Sales


4


9


7


15


10


 15




Volume


$20,288,000


$41,750,000


$35,575,000


$46,012,500


$27,187,000


$35,834,020




Low SP


$3,150,000


$4,150,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


$6,875,000


$6,450,000


$7,900,000


$4,850,000


$3,750,000


$3,200,000




Median SP


$5,131,500


$4,300,000


$4,825,000


$2,700,000


$2,625,000


$2,300,000




Average SP


$5,072,000


$4,638,889


$5,082,142


$3,067,500


$2,718,700


$2,388,935




Average SP/Sq. Ft.


$1,449


$1,219


$1,023


$768


$696


 $692




Average DOM


150


154


134


160


137


 262




Average SP/LP


94


94


96


95


95


94






Pineapple Hill remains one of Kapalua's most popular communities.  Comprised of two phases, Pineapple Hill and Pineapple Hill Estates, amenities in this gated community include a pool, tennis &amp; pickleball courts and an owner pavilion.  


Two sales occurred in phase one, Pineapple Hill, and two in the second phase, Pineapple Hill Estates, which was annexed in to Pineapple Hill in 2001.  Sales prices ranged from $3,150,000 for a 2361 sq. ft. three-bedroom residence on the Bay Course to $6,875,000 for a 4598 sq. ft. four-bedroom ocean view residence with an infinity pool.


PLANTATION ESTATES AT KAPALUA HOMES


View Plantation Estates Homes for Sale






Plantation Estates Homes


2024


2023


2022


2021


2020


2019




Number of Sales


1


1


4


6


3


1




Volume


$16,000,000


$7,680,000


$24,225,000


$32,635,000


$13,850,000


$6,000,000




Low SP


$16,000,000


$7,680,000


$5,425,000


$4,025,000


$3,750,000


$6,000,000




High SP


$16,000,000


$7,680,000


$7,500,000


$10,100,000


$5,650,000


$6,000,000




Median SP


$16,000,000


$7,680,000


$5,650,000


$4,490,000


$4,490,000


$6,000,000




Average SP


$16,000,000


$7,680,000


$6,056,250


$5,439,167


$4,616,667


$6,000,000




Average SP/Sq. Ft.


$1,947


$1,266


$920


$933


$1,006


$972




Average DOM


213


42


306


258


70


215




Average SP/LP


90


97


96


93


92


81






 


HONOLUA RIDGE HOMES


View Honolua Ridge Homes for sale






Honolua Ridge Homes


2024


2023


2022


2021


2020


2019




Number of Sales


0


0


1


4


1


2




Volume


NA


NA


$5,300,000


$25,500,000


$3,850,000


$6,120,000




Low SP


NA


NA


$5,300,000


$5,000,000


$3,850,000


$2,850,000




High SP


NA


NA


$5,300,000


$8,700,000


$3,850,000


$3,270,000




Median SP


NA


NA


$5,300,000


$5,900,000


$3,850,000


$3,060,000




Average SP


NA


NA


$5,300,000


$6,375,000


$3,850,000


$3,060,000




Average SP/Sq. Ft.


NA


NA


$1,493


$1,175


$1,306


$750




Average DOM


NA


NA


95


276


40


352




Average SP/LP


NA


NA


97


94


91


89






 


MAHANA ESTATES HOMES


View Mahana Estates Homes






Mahana Estates Homes


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


2


1


1


0




Volume


NA


$6,000,000


$9,600,000


$5,250,000


$6,400,000


NA




Low SP


NA


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


NA


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


NA


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


NA


379


224


52


88


NA




Average SP/LP


NA


86


100


99


77


NA






 


KAPALUA PLACE &amp; OCEANFRONT HOMES






Oceanfront Homes


2024


2023


2022


2021


2020


2019




Number of Sales


2


0


0


3


2


0




Volume


$43,450,000


0


0


$34,800,000


$39,500,000


0




Low SP


$17,000,000


NA


NA


$8,700,000


$15,500,000


NA




High SP


$26,450,000


NA


NA


$15,000,000


$24,000,000


NA




Median SP


$21,725,000


NA


NA


$11,100,000


$19,750,000


NA




Average SP


$21,725,000


NA


NA


$11,600,000


$19,750,000


NA




Average SP/Sq. Ft.


$3,079


NA


NA


$1,809


$3,975


NA




Average DOM


261


NA


NA


489


425


NA




Average SP/LP


93


NA


NA


93


79


NA






There is just one remaining oceanfront lot in Kapalua located at Kapalua Place (between the Bay Villas and the Ironwoods), which sold in 2024 for $8,750,000.  It will likely soon be developed.  With just eight oceanfront parcels that are part of the resort, it's not uncommon to see few sales.  


2024 saw two sales: 9 Bay Drive, which closed at $26,450,000 and 7 Kapalua Place, which closed at $17,000,000.


View Kapalua Place and Kapalua Oceanfront homes for sale


 


KAPALUA LAND SALES BY COMMUNITY: 2024 and a 5 Year Overview






Kapalua Resort Land


2024


2023


2022


2021


2020


2019




Number of Sales


4


4


20


58


8


2




Volume


$13,175,000


$4,970,000


$32,839,500


$65,265,000


$13,925,000


$3,150,000




Low SP


$985,000


$995,000


$845,000


$700,000


$850,000


$1,300,000




High SP


$8,750,000


$1,525,000


$3,700,000


$2,600,000


$8,000,000


$1,850,000




Median SP


$1,720,000


$1,225,000


$1,450,000


$982,500


$837,500


$1,575,000




Average SP


$3,293,750


$1,242,500


$1,641,975


$1,135,259


$1,740,625


$1,575,000




Average SP/Sq. Ft.


$63


$33


$38


$17


$32


$23




Average DOM


56


279


202


178


284


60




Average SP/LP


97


87


96


95


89


100






In 2024, there were just four vacant land sales that were part of the resort:  a lot in Pineapple Hill, two in Mahana Estates and an oceanfront homesite at Kapalua Place that closed at $8,750,000. 


It should be noted that there was another parcel to close within the MLS district of Kapalua, a lot that was 4 acres but not buildable, purchased by neighbors for view protection.  It closed at $1,425,000.


Pineapple Hill &amp; Pineapple Hill Estates Land


View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale






Pineapple Hill Land


2024


2023


2022


2021


2020


2019




Number of Sales


1


1


5


2


1


0




Volume


$985,000


$995,000


$5,787,000


$2,500,000


$950,000


0




Low SP


$985,000


$995,000


$879,000


$1,195,000


$950,000


NA




High SP


$985,000


$995,000


$1,500,000


$1,305,000


$950,000


NA




Median SP


$985,000


$995,000


$1,090,000


$1,090,000


$950,000


NA




Average SP


$985,000


$995,000


$1,157,400


$1,250,000


$950,000


NA




Average SP/Sq. Ft.


$87


$100


$101


$62


$87


NA




Average DOM


29


333


204


143


314


NA




Average SP/LP


100


100


100


100


90


NA






It is not surprising to see so few sales in Pineapple Hill.  There are very few vacant lots left, as the majority of the community has been built out.


Plantation Estates Land


View Plantation Estates Land for Sale






Plantation Estates Land


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


4


5


2


0




Volume


NA


1


$7,545,000


$7,965,000


$1,700,000


0




Low SP


NA


$1,525,000


$845,000


$975,000


$800,000


NA




High SP


NA


$1,525,000


$3,700,000


$2,600,000


$900,000


NA




Median SP


NA


$1,525,000


$1,500,000


$1,400,000


$850,000


NA




Average SP


NA


$1,525,000


$2,272,500


$1,593,000


$850,000


NA




Average SP/Sq. Ft.


NA


$17


$18


$15


$9


NA




Average DOM


NA


409


407


226


53


NA




Average SP/LP


NA


76


88


97


81


NA






Mahana Estates Land


View Mahana Estates Land for Sale






Mahana Estates Homes


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


2


1


1


0




Volume


NA


$6,000,000


$9,600,000


$5,250,000


$6,400,000


NA




Low SP


NA


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


NA


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


NA


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


NA


379


224


52


88


NA




Average SP/LP


NA


86


100


99


77


NA






Mahana Estates is Kapalua Resort's newest residential offering.  CC&amp;Rs allow for more contemporary design which makes it a popular choice.


Honolua Ridge Land


View Honolua Ridge Land for Sale






Honolua Ridge Land


2024


2023


2022


2021


2020


2019




Number of Sales


0


1


6


9


1


0




Volume


NA


$1,200,000


$11,837,500


$13,365,000


$850,000


0




Low SP


NA


$1,200,000


$1,163,000


$805,000


$850,000


NA




High SP


NA


$1,200,000


$2,795,000


$2,000,000


$850,000


NA




Median SP


NA


$1,200,000


$1,962,500


$1,300,000


$850,000


NA




Average SP


NA


$1,200,000


$1,972,917


$1,485,000


$850,000


NA




Average SP/Sq. Ft.


NA


$7


$7


$7


$5


NA




Average DOM


NA


206


133


227


360


NA




Average SP/LP


NA


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>Tue, 11 Feb 2025 17:13:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-q1-2024.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-q1-2024.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update Q1 2024</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: Q1 2024





The view from Ironwoods 62, a highly upgraded ocean view residence, currently listed for sale


Kapalua Condominiums:  Q1 2024 and a historical summary of sales


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


Q 1 2024


2023


2022


2021


2020


2019




Number of Sales


2


22


62


145


40


61




Volume


$5,745,000


$52,789,000


$145,775,500


$298,816,781


$68,617,500


$124,027,800




Low Sales Price


$2,795,000


$1,250,000


$940,000


$600,000


$600,000


$595,000




High Sales Price


$2,950,000


$8,200,000


$8,000,000


$13,295,000


$4,200,000


$7,950,000




Median


$2,872,500


$1,725,000


$1,455,000


$1,220,000


$1,162,500


$1,050,000




Average SP


$2,872,500


$2,399,500


$2,351,218


$2,060,805


$1,715,438


$2,033,242




Average SP/Sq. Ft.


$1,700


$1,597


$1,470


$1,154


$1,000


$1,028




Average DOM


80


182


96


177


165


213




Average SP/LP


98


97


99


97


94


96




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

 











Sales were slower in the Kapalua Resort in the latter half of 2023, which is to be expected in the wake of the devastating wildfires in Lahaina town in August.  Historically, the resort is largely a second home market and market activity tends to be greatest in the peak travel seasons of winter/spring.


In 2024, sales continued to be slow, with just two recording in the first quarter.  That said, the sale at the Ridge Villas set a new a record high, and the sale at the Bay Villas was the second highest in Bay Villa history.


Key Stats by Community


How does the market in Q1 2024 compare to prior years?


Coconut Grove on Kapalua Bay


View Coconut Grove Kapalua Condos for sale






Coconut Grove


Q1 2024


2023


2022


2021


2020


2019




Sales


0


0


2


6


0


0




Volume


0


0


$10,990,000


29,000,000


0


0




Low SP


NA


NA


$5,300,000


3,700,000


NA


NA




High SP


NA


NA


$5,690,000


6,250,000


NA


NA




Median SP


NA


NA


$5,495,000


$4,750,000


NA


NA




Average SP


NA


NA


$5,495,000


4,833,333


NA


NA




Average SP/Sq. Ft


NA


NA


$2,240


1,883


NA


NA




Average DOM


NA


NA


67


154


NA


NA




Average SP/LP


NA


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*


View Kapalua Ironwoods Condos for Sale






Kapalua Ironwoods


Q1 2024


2023


2022


2021


2020


2019




Sales


0


0


4


5


4


1




Volume


0


0


$16,750,000


$17,020,000


$12,050,000


$2,300,000




Low SP


NA


NA


$2,300,000


$1,500,000


$1,150,000


$2,300,000




High SP


NA


NA


$6,250,000


$4,150,000


$4,200,000


$2,300,000




Median SP


NA


NA


$4,100,000


$4,020,000


$3,350,000


$2,300,000




Average SP


NA


NA


$4,187,500


$3,404,000


$3,012,500


$2,300,000




Average SP/Sq. Ft


NA


NA


$1,729


$1,634


$1,412


$1,065




Average DOM


NA


NA


149


320


124


671




Average SP/LP


NA


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.







Similar to Coconut Grove, the Ironwoods is a community of just 40 residences located oceanfront in Kapalua.  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


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











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.  


In 2024, the recording of Kapalua Bay Villa 15G1-3 at $2,950,000 marks the second highest sale in the complexes history, and the highest sale for a second row residence.  The record remains the sale of 30B3-4 an oceanfront residence at $3,200,000 in 2022.


Kapalua Golf Villas 


View Kapalua Golf Villas Condos for Sale






Kapalua Golf Villas


Q1 2024


2023


2022


2021


2020


2019




Sales


0


6


21


44


9


9




Volume


NA


$9,355,000


$27,773,500


$42,071,750


$7,441,500


$14,446,603




Low SP


NA


$1,250,000


$940,000


$600,000


$600,000


$595,000




High SP


NA


$1,850,000


$1,949,000


$1,400,000


$1,200,000


$1,010,000




Median SP


NA


$1,597,500


$1,215,000


$944,000


$745,000


$785,000




Average SP


NA


$1,559,167


$1,332,548


$956,176


$826,833


$802,572




Average SP/Sq. Ft


NA


$1,380


$1,205


$856


$749


$677




Average DOM


NA


143


81


122


124


165




Average SP/LP


NA


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.


There have been no Golf Villa sales to date in 2024.


Kapalua Ridge Villas


View Kapalua Ridge Villas Condos for sale






Kapalua Ridge Villas


Q1 2024


2023


2022


2021


2020


2019




Sales


1


4


11


28


8


6




Volume


$2,795,000


$7,240,000


$15,554,000


$31,301,998


$8,776,500


$4,904,000




Low SP


$2,795,000


$1,390,000


$1,250,000


$775,000


$650,000


$650,000




High SP


$2,795,000


$2,225,000


$1,900,000


$1,700,000


$1,487,500


$1,100,000




Median SP


$2,795,000


$1,812,500


$1,375,000


$1,097,000


$1,135,000


$780,000




Average SP


$2,795,000


$1,810,000


$1,414,000


$1,117,929


$1,097,063


$817,333




Average SP/Sq. Ft


$1,471


$1,315


$1,179


$813


$701


$653




Average DOM


76


78


65


165


222


263




Average SP/LP


97


99


100


97


96


98











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 was the highest sale recorded in MLS for a Ridge Villa until 2024.


In 2024, 1723, which was a fully permitted 3B/3B residence (this was a conversion of a 2B Villa into a 3B) set a new record high sale by more than $500,000, recording at $2,795,000.


Montage Residences Kapalua Bay


View Montage Residences Kapalua Bay Condos for Sale






Montage Kapalua Bay


Q 1 2024


2023


2022


2021


2020


2019




Sales


0


4


10


27


9


21




Volume


NA


$21,550,000


$49,605,000


$128,678,533


$28,939,000


$86,445,000




Low SP


NA


$3,650,000


$3,000,000


$2,695,000


$2,750,000


$2,400,000




High SP


NA


$8,200,000


$8,000,000


$13,295,000


$4,159,000


$7,950,000




Median SP


NA


$4,850,000


$4,600,000


$4,145,000


$2,995,000


$3,595,000




Average SP


NA


$5,387,500


$4,960,500


$4,765,872


$3,215,444


$4,116,429




Average SP/Sq. Ft


NA


$2,074


$2,027


$1,742


$1,407


$1,556




Average DOM


NA


513


151


152


170


173




Average SP/LP


NA


97


97


98


99


97











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.


In 2024, on April 1st, just after the first quarter ended, two sales at the Montage recorded: 4201 a 3B/3.5B Hotel Residence at $4,200,002201 a 4B/4.5B Grand Residence at $12,000,000 which is the high sale for condominiums (YTD as of the date of this post) on Maui.


Ritz-Carlton Kapalua Residences 


View Ritz-Carlton Residences Kapalua Condos for Sale






Ritz-Carlton Residences


Q 1 2024


2023


2022


2021


2020


2019




Sales


0


2


4


5


3


1




Volume


NA


$4,645,000


$7,429,000


$9,655,000


$3,872,500


$900,000




Low SP


NA


$1,550,000


$990,000


$945,000


$735,000


$900,000




High SP


NA


$3,100,000


$2,800,000


$2,800,000


$2,300,000


$900,000




Median SP


NA


$2,325,000


$1,820,000


$1,800,000


$837,500


$900,000




Average SP


NA


$2,325,000


$1,857,250


$1,931,000


$1,290,833


$900,000




Average SP/Sq. Ft


NA


$1,932


$1,557


$1,446


$1,065


$1,034




Average DOM


NA


255


161


448


216


203




Average SP/LP


NA


88


102


97


88


92











To date, there have been no sales at the Ritz-Carlton Residences in 2024.


 


KAPALUA MARKET UPDATE: Homes and Land Sales through Q1 2024


The view from 310 Cook Pine Drive in Pineapple Hill, Kapalua which sold at $6,150,000 in 2023.


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. 


In 2024, the market is slow with no residential sales YTD in the Kapalua Resort.  There are currently two pending sales, a home in Pineapple Hill Phase I and a home in Mahana Estates.


KAPALUA HOME SALES BY COMMUNITY: Q1 2024 and a 5 Year Overview






Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


11


14


29


17


18




Volume


NA


$55,430,000


$74,700,000


$144,197,500


$90,787,000


$47,954,020




Low SP


NA


$2,975,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


NA


$7,680,000


$7,900,000


$15,000,000


$24,000,000


$6,000,000




Median SP


NA


$4,400,000


$5,200,000


$4,150,000


$3,500,000


$2,575,000




Average SP


NA


$5,039,091


$5,335,714


$4,972,327


$5,240,411


$2,664,112




Average SP/Sq. Ft.


NA


$1,241


$1,112


$982


$1,063


$715




Average DOM


NA


165


193


227


151


270




Average SP/LP


NA


93


97


94


91


92











PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale






Pineapple Hill Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


9


7


15


10


 15




Volume


NA


$41,750,000


$35,575,000


$46,012,500


$27,187,000


$35,834,020




Low SP


NA


$4,150,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020




High SP


NA


$6,450,000


$7,900,000


$4,850,000


$3,750,000


$3,200,000




Median SP


NA


$4,300,000


$4,825,000


$2,700,000


$2,625,000


$2,300,000




Average SP


NA


$4,638,889


$5,082,142


$3,067,500


$2,718,700


$2,388,935




Average SP/Sq. Ft.


NA


$1,219


$1,023


$768


$696


 $692




Average DOM


NA


154


134


160


137


 262




Average SP/LP


NA


94


96


95


95


94











PLANTATION ESTATES AT KAPALUA HOMES


View Plantation Estates Homes for Sale






Plantation Estates Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


4


6


3


1




Volume


NA


$7,680,000


$24,225,000


$32,635,000


$13,850,000


$6,000,000




Low SP


NA


$7,680,000


$5,425,000


$4,025,000


$3,750,000


$6,000,000




High SP


NA


$7,680,000


$7,500,000


$10,100,000


$5,650,000


$6,000,000




Median SP


NA


$7,680,000


$5,650,000


$4,490,000


$4,490,000


$6,000,000




Average SP


NA


$7,680,000


$6,056,250


$5,439,167


$4,616,667


$6,000,000




Average SP/Sq. Ft.


NA


$1,266


$920


$933


$1,006


$972




Average DOM


NA


42


306


258


70


215




Average SP/LP


NA


97


96


93


92


81






 







HONOLUA RIDGE HOMES


View Honolua Ridge Homes for sale






Honolua Ridge Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


0


1


4


1


2




Volume


NA


NA


$5,300,000


$25,500,000


$3,850,000


$6,120,000




Low SP


NA


NA


$5,300,000


$5,000,000


$3,850,000


$2,850,000




High SP


NA


NA


$5,300,000


$8,700,000


$3,850,000


$3,270,000




Median SP


NA


NA


$5,300,000


$5,900,000


$3,850,000


$3,060,000




Average SP


NA


NA


$5,300,000


$6,375,000


$3,850,000


$3,060,000




Average SP/Sq. Ft.


NA


NA


$1,493


$1,175


$1,306


$750




Average DOM


NA


NA


95


276


40


352




Average SP/LP


NA


NA


97


94


91


89











 


MAHANA ESTATES HOMES


View Mahana Estates Homes






Mahana Estates Homes


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


2


1


1


0




Volume


NA


$6,000,000


$9,600,000


$5,250,000


$6,400,000


NA




Low SP


NA


$6,000,000


$4,750,000


$5,250,000


$6,400,000


NA




High SP


NA


$6,000,000


$4,850,000


$5,250,000


$6,400,000


NA




Median SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP


NA


$6,000,000


$4,800,000


$5,250,000


$6,400,000


NA




Average SP/Sq. Ft.


NA


$1,416


$1,617


$1,229


$1,098


NA




Average DOM


NA


379


224


52


88


NA




Average SP/LP


NA


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


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


0


0


3


2


0




Volume


0


0


0


$34,800,000


$39,500,000


0




Low SP


NA


NA


NA


$8,700,000


$15,500,000


NA




High SP


NA


NA


NA


$15,000,000


$24,000,000


NA




Median SP


NA


NA


NA


$11,100,000


$19,750,000


NA




Average SP


NA


NA


NA


$11,600,000


$19,750,000


NA




Average SP/Sq. Ft.


NA


NA


NA


$1,809


$3,975


NA




Average DOM


NA


NA


NA


489


425


NA




Average SP/LP


NA


NA


NA


93


79


NA











 


KAPALUA LAND SALES BY COMMUNITY: Q1 2024 and a 5 Year Overview





An aerial view of 322 Cook Pine Drive, which closed at $995,000 in 2023






Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


1


4


20


58


8


2




Volume


$1,700,000


$4,970,000


$32,839,500


$65,265,000


$13,925,000


$3,150,000




Low SP


$1,700,000


$995,000


$845,000


$700,000


$850,000


$1,300,000




High SP


$1,700,000


$1,525,000


$3,700,000


$2,600,000


$8,000,000


$1,850,000




Median SP


$1,700,000


$1,225,000


$1,450,000


$982,500


$837,500


$1,575,000




Average SP


$1,700,000


$1,242,500


$1,641,975


$1,135,259


$1,740,625


$1,575,000




Average SP/Sq. Ft.


$19


$33


$38


$17


$32


$23




Average DOM


117


279


202


178


284


60




Average SP/LP


92


87


96


95


89


100




 


 


 


 


 


 


 






In the first quarter of 2024, there was just one land sale that was part of the resort.  A lot in Mahana Estates closed at $1,700,000.  It should be noted that there was another parcel to close within the MLS district of Kapalua, a lot that was 4 acres but not buildable, purchased by neighbors for view protection.  It closed at $1,425,000.


Pineapple Hill &amp; Pineapple Hill Estates Land


View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale






Pineapple Hill Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


5


2


1


0




Volume


NA


$995,000


$5,787,000


$2,500,000


$950,000


0




Low SP


NA


$995,000


$879,000


$1,195,000


$950,000


NA




High SP


NA


$995,000


$1,500,000


$1,305,000


$950,000


NA




Median SP


NA


$995,000


$1,090,000


$1,090,000


$950,000


NA




Average SP


NA


$995,000


$1,157,400


$1,250,000


$950,000


NA




Average SP/Sq. Ft.


NA


$100


$101


$62


$87


NA




Average DOM


NA


333


204


143


314


NA




Average SP/LP


NA


100


100


100


90


NA






It is not surprising to see so few sales in Pineapple Hill.  There are very few vacant lots left as the majority of the community has been built.


Plantation Estates Land


View Plantation Estates Land for Sale






Plantation Estates Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


4


5


2


0




Volume


NA


1


$7,545,000


$7,965,000


$1,700,000


0




Low SP


NA


$1,525,000


$845,000


$975,000


$800,000


NA




High SP


NA


$1,525,000


$3,700,000


$2,600,000


$900,000


NA




Median SP


NA


$1,525,000


$1,500,000


$1,400,000


$850,000


NA




Average SP


NA


$1,525,000


$2,272,500


$1,593,000


$850,000


NA




Average SP/Sq. Ft.


NA


$17


$18


$15


$9


NA




Average DOM


NA


409


407


226


53


NA




Average SP/LP


NA


76


88


97


81


NA






Mahana Estates Land


View Mahana Estates Land for Sale






Mahana Estates Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


1


1


5


42


3


2




Volume


$1,700,000


$1,250,000


$7,670,000


$41,425,000


$2,425,000


$3,150,000




Low SP


$1,700,000


$1,250,000


$1,200,000


$700,000


$800,000


$1,300,000




High SP


$1,700,000


$1,250,000


$1,945,000


$2,150,000


$825,000


$1,850,000




Median SP


$1,700,000


$1,250,000


$1,400,000


$852,500


$800,000


$1,575,000




Average SP


$1,700,000


$1,250,000


$1,534,000


$986,548


$808,333


$1,575,000




Average SP/Sq. Ft.


$19


$7


$29


$17


$12


$23




Average DOM


117


167


119


163


157


60




Average SP/LP


92


97


96


94


95


100






Mahana Estates is Kapalua Resort's newest residential offering.  CC&amp;Rs allow for more contemporary structures which makes it a popular choice.


Honolua Ridge Land


View Honolua Ridge Land for Sale






Honolua Ridge Land


Q1 2024


2023


2022


2021


2020


2019




Number of Sales


0


1


6


9


1


0




Volume


NA


$1,200,000


$11,837,500


$13,365,000


$850,000


0




Low SP


NA


$1,200,000


$1,163,000


$805,000


$850,000


NA




High SP


NA


$1,200,000


$2,795,000


$2,000,000


$850,000


NA




Median SP


NA


$1,200,000


$1,962,500


$1,300,000


$850,000


NA




Average SP


NA


$1,200,000


$1,972,917


$1,485,000


$850,000


NA




Average SP/Sq. Ft.


NA


$7


$7


$7


$5


NA




Average DOM


NA


206


133


227


360


NA




Average SP/LP


NA


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 Apr 2024 15:07:00 -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*


View Kapalua Ironwoods Condos for Sale






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


View Kapalua Bay Villas Condos for Sale






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 


View Kapalua Golf Villas Condos for Sale






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


View Kapalua Ridge Villas Condos for sale






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


View Montage Residences Kapalua Bay Condos for Sale






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 


View Ritz-Carlton Residences Kapalua Condos for Sale






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


View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale






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


View Plantation Estates Homes for Sale






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


View Honolua Ridge Homes for sale






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


View Mahana Estates Homes






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


View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale






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


View Plantation Estates Land for Sale






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/pineapple-hill-pineapple-hill-estates-market-update-july-31-2023.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/pineapple-hill-pineapple-hill-estates-market-update-july-31-2023.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Pineapple Hill &amp; Pineapple Hill Estates Market Update | July 31, 2023</title>
    <description> <![CDATA[ 
Pineapple Hill &amp; Pineapple Hill Estates Market Update: July 2023





310 Cook Pine, Pineapple Hill, Kapalua, Maui


I am pleased to announce the sale of 310 Cook Pine Drive in Pineapple Hill, Kapalua.  This spectacular home was beautifully remodeled in 2022-2023 and is the highest recorded sale for a home on a single lot in Pineapple Hill and Pineapple Hill Estates.  Historically, there have been three sales above this price that were for homes on double lots.  Two of these homes closed at $7,900,000 in 2022 and one at $9,150,000 in 2007.  This home went under contract within days of being listed and sold in just 63 days and sold for $1641/sq. ft.


2023 Key Sales Stats | Pineapple Hill &amp; Pineapple Hill Estates Homes






Key Home Stats


2023


2022




Low Sales Price


$2,975,000


 $2,750,000




High Sales Price


$6,150,000


 $7,900,000




Average Sales Price


$4,191,667


 $5,082,143




Average SP/Sq. Ft.


$1154


 $1023




Average Days on Market


153


 134




Average LP/SP


92


 96






2023 Sales | Pineapple Hill &amp; Pineapple Hill Estates Homes






Status


Address


List Price


Sold Price


SP/LP


Date


Beds


Baths


Sq. Ft.


Acres


Days On Market


$/Sq. Ft.


Built


Subdivision




SLD


708 Fairway Dr


$4,250,000


$4,150,000


98


1/5/23


3


3.5


3,400


0.20


69


$1,221


1988


Pineapple Hill




SLD


222 Crestview Rd


$6,495,000


$5,775,000


89


1/6/23


4


4.5


4,265


0.48


153


$1,354


2005


Pineapple Hill Estates




SLD


116 Pulelehua St


$4,995,000


$4,300,000


86


5/12/23


4


4.5


4,081


0.47


250


$1,054


2003


Pineapple Hill Estates




SLD


708 Fairway Dr


$4,500,000


$4,400,000


98


6/27/23


3


3.5


3,238


0.20


43


$1,359


1988


Pineapple Hill




SLD


1000 Sunset Pl


$3,500,000


$2,975,000


85


7/14/23


4


4.5


3,386


0.31


312


$879


1990


Pineapple Hill




SLD


518 Pacific Dr


$3,850,000


$3,550,000


92


7/20/23


4


4


3,357


0.22


91


$1,057


2002


Pineapple Hill




SLD


310 Cook Pine Dr


$6,250,000


$6,150,000


98


7/28/23


3


3.5


3,748


0.24


63


$1,641


1998


Pineapple Hill






 


An aerial view of 322 Cook Pine, Pineapple Hill, Kapalua, Maui


I am pleased to announce the sale of 322 Cook Pine Drive.  This is one of the last undeveloped lots in Pineapple Hill and the only sale in 2023.  In 2022, the average sales prices were bouyed by a high sale of a lot at $1,500,000.  The average sales price/sq. ft. remained steady at $101/sq. ft.


2023 Key Sales Stats | Pineapple Hill &amp; Pineapple Hill Estates Land






Key Land Stats


2023


2022




Low Sales Price


$995,000


$879,000




High Sales Price


$995,000


$1,500,000




Average Sales Price


$995,000


$1,157,400




Average SP/Sq. Ft.


$101


$101




Average Days on Market


333


204




Average LP/SP


100


100






2023 Sales | Pineapple Hill Land






Status


Address


List Price


Sold Price


SP/LP


Date


Acres


Days On Market


$/Sq. Ft.


Subdivision




SLD


322 Cook Pine


$995,000


$995,000


100


7/31/23


0.23


333


$101


Pineapple Hill






For more information on this offering or Homes for sale in Kapalua, please contact Courtney M. Brown, R(S) 56519


View Pineapple Hill, Kapalua Homes for Sale



 ]]> </description>
    <pubDate>Mon, 31 Jul 2023 11:57:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-residential-vacant-land-update-q2-2023.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-residential-vacant-land-update-q2-2023.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort: Residential &amp; Vacant Land Update Q2 | 2023</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: Second Quarter 2023





The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua


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 the first two quarters of 2023, there were five home sales:






Address


Sold 


Date


Beds


Baths


Sq. Ft.


Acres


DOM


$/Sq. Ft.


Subdivision


MLS 




708 Fairway


$4,150,000


1/5/23


3


3.5


3,400


0.20


69


$1,221


Pineapple Hill


397252




222 Crestview


$5,775,000


1/6/23


4


4.5


4,265


0.48


153


$1,354


Pineapple Hill Estates


396647




116 Pulelehua


$4,300,000


5/12/23


4


4.5


4,081


0.47


250


$1,054


Pineapple Hill Estates


396881




205 Plantation Club


$7,680,000


6/15/23


5


5.5


6,068


3.29


42


$1,267


Plantation Estates


398796




708 Fairway


$4,400,000


6/27/23


3


3.5


3,238


0.20


43


$1,359


Pineapple Hill


398877









KAPALUA HOME SALES BY COMMUNITY:  Q2 | 2023 and a 5 Year Overview


PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale






Pineapple Hill Homes


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


4


7


15


10


 15


4




Volume


$18,625,000


$35,575,000


$46,012,500


$27,187,000


$35,834,020


$9,550,000




Low SP


$4,150,000


$2,750,000


$2,062,500


$1,600,000


$1,489,020


$1,970,000




High SP


$5,775,000


$7,900,000


$4,850,000


$3,750,000


$3,200,000


$2,680,000




Median SP


$4,350,000


$4,825,000


$2,700,000


$2,625,000


$2,300,000


$2,450,000




Average SP


$4,656,250


$5,082,142


$3,067,500


$2,718,700


$2,388,935


$2,387,500




Average SP/Sq. Ft.


$1,247


$1,023


$768


$696


 $692


$588




Average DOM


129


134


160


137


 262


325




Average SP/LP


93


96


95


95


94


92











PLANTATION ESTATES AT KAPALUA HOMES


View Plantation Estates Homes for Sale






Plantation Estates Homes


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


1


4


6


3


1


1




Volume


$7,680,000


$24,225,000


$32,635,000


$13,850,000


$6,000,000


$3,000,500




Low SP


$7,680,000


$5,425,000


$4,025,000


$3,750,000


$6,000,000


$3,000,500




High SP


$7,680,000


$7,500,000


$10,100,000


$5,650,000


$6,000,000


$3,000,500




Median SP


$7,680,000


$5,650,000


$4,490,000


$4,490,000


$6,000,000


$3,000,500




Average SP


$7,680,000


$6,056,250


$5,439,167


$4,616,667


$6,000,000


$3,000,500




Average SP/Sq. Ft.


$1,266


$920


$933


$1,006


$972


$463




Average DOM


42


306


258


70


215


372




Average SP/LP


97


96


93


92


81


83











 


HONOLUA RIDGE HOMES


View Honolua Ridge Homes for sale






Honolua Ridge Homes


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


0


1


4


1


2


2




Volume


0


$5,300,000


$25,500,000


$3,850,000


$6,120,000


$6,393,250




Low SP


NA


$5,300,000


$5,000,000


$3,850,000


$2,850,000


$3,000,000




High SP


NA


$5,300,000


$8,700,000


$3,850,000


$3,270,000


$3,393,250




Median SP


NA


$5,300,000


$5,900,000


$3,850,000


$3,060,000


$3,196,625




Average SP


NA


$5,300,000


$6,375,000


$3,850,000


$3,060,000


$3,196,625




Average SP/Sq. Ft.


NA


$1,493


$1,175


$1,306


$750


$811




Average DOM


NA


95


276


40


352


168




Average SP/LP


NA


97


94


91


89


90











 


MAHANA ESTATES HOMES


View Mahana Estates Homes






Mahana Estates Homes


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


0


2


1


1


0


0




Volume


$0


$9,600,000


$5,250,000


$6,400,000


$0


$0




Low SP


NA


$4,750,000


$5,250,000


$6,400,000


NA


NA




High SP


NA


$4,850,000


$5,250,000


$6,400,000


NA


NA




Median SP


NA


$4,800,000


$5,250,000


$6,400,000


NA


NA




Average SP


NA


$4,800,000


$5,250,000


$6,400,000


NA


NA




Average SP/Sq. Ft.


NA


$1,617


$1,229


$1,098


NA


NA




Average DOM


NA


224


52


88


NA


NA




Average SP/LP


NA


100


99


77


NA


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.


View Kapalua Place and Kapalua Oceanfront homes for sale






Oceanfront Homes


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


0


0


3


2


0


1




Volume


0


0


$34,800,000


$39,500,000


0


$12,000,000




Low SP


NA


NA


$8,700,000


$15,500,000


NA


$12,000,000




High SP


NA


NA


$15,000,000


$24,000,000


NA


$12,000,000




Median SP


NA


NA


$11,100,000


$19,750,000


NA


$12,000,000




Average SP


NA


NA


$11,600,000


$19,750,000


NA


$12,000,000




Average SP/Sq. Ft.


NA


NA


$1,809


$3,975


NA


$1,605




Average DOM


NA


NA


489


425


NA


833




Average SP/LP


NA


NA


93


79


NA


80






 







KAPALUA LAND SALES


In the first quarter of 2023, there was just one lot sales to report in the Kapalua Resort, a two acre lot in the Plantation Estates sold for $1,525,000.


Pineapple Hill &amp; Pineapple Hill Estates Land


View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale






Pineapple Hill Land


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


0


5


2


1


0


0




Volume


0


$5,787,000


$2,500,000


$950,000


0


0




Low SP


NA


$879,000


$1,195,000


$950,000


NA


NA




High SP


NA


$1,500,000


$1,305,000


$950,000


NA


NA




Median SP


NA


$1,090,000


$1,090,000


$950,000


NA


NA




Average SP


NA


$1,157,400


$1,250,000


$950,000


NA


NA




Average SP/Sq. Ft.


NA


$101


$62


$87


NA


NA




Average DOM


NA


204


143


314


NA


NA




Average SP/LP


NA


100


100


90


NA


NA




 


 


 


 


 


 


 






Plantation Estates Land


View Plantation Estates Land for Sale






Plantation Estates Land


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


1


4


5


2


0


0




Volume


1


$7,545,000


$7,965,000


$1,700,000


0


0




Low SP


$1,525,000


$845,000


$975,000


$800,000


NA


NA




High SP


$1,525,000


$3,700,000


$2,600,000


$900,000


NA


NA




Median SP


$1,525,000


$1,500,000


$1,400,000


$850,000


NA


NA




Average SP


$1,525,000


$2,272,500


$1,593,000


$850,000


NA


NA




Average SP/Sq. Ft.


$17


$18


$15


$9


NA


NA




Average DOM


409


407


226


53


NA


NA




Average SP/LP


76


88


97


81


NA


NA






Mahana Estates Land


View Mahana Estates Land for Sale






Mahana Estates Land


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


0


5


42


3


2


0




Volume


0


$7,670,000


$41,425,000


$2,425,000


$3,150,000


0




Low SP


NA


$1,200,000


$700,000


$800,000


$1,300,000


NA




High SP


NA


$1,945,000


$2,150,000


$825,000


$1,850,000


NA




Median SP


NA


$1,400,000


$852,500


$800,000


$1,575,000


NA




Average SP


NA


$1,534,000


$986,548


$808,333


$1,575,000


NA




Average SP/Sq. Ft.


NA


$29


$17


$12


$23


NA




Average DOM


NA


119


163


157


60


NA




Average SP/LP


NA


96


94


95


100


NA






Honolua Ridge Land


View Honolua Ridge Land for Sale






Honolua Ridge Land


Q2 2023


2022


2021


2020


2019


2018




Number of Sales


0


6


9


1


0


0




Volume


0


$11,837,500


$13,365,000


$850,000


0


0




Low SP


NA


$1,163,000


$805,000


$850,000


NA


NA




High SP


NA


$2,795,000


$2,000,000


$850,000


NA


NA




Median SP


NA


$1,962,500


$1,300,000


$850,000


NA


NA




Average SP


NA


$1,972,917


$1,485,000


$850,000


NA


NA




Average SP/Sq. Ft.


NA


$7


$7


$5


NA


NA




Average DOM


NA


133


227


360


NA


NA




Average SP/LP


NA


97


92


95


NA


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 Homes 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.


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>Sat, 22 Jul 2023 13:17:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-q1.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2023-q1.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update: 2023 Q1</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: First Quarter 2023





The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua


Kapalua Condominiums:  2018-Q1 2023


Kapalua 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.





Key Stats by Community


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

Coconut Grove on Kapalua Bay





In the first quarter of 2023 there were no sales at Coconut Grove. 


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.


Metrics: 2022 vs. 2021Number of Sales -67Sales Volume -62Low Sales Price +43High Sales Price -9Average Sales Price +14Average Sales Price/Sq. Ft. +19Average DOM -57Average Sales Price/List Price -4


View Coconut Grove Kapalua units for sale


Kapalua Ironwoods





**Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those listings and sales are not accounted for in these figures.  Since 2020 about 30 of the residences at the Ironwoods changed hands.


In the first quarter of 2023, there were no sales at the Kapalua Ironwoods.


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.


Metrics: 2022 vs. 2021Number of Sales -20Sales Volume -2Low Sales Price +53High Sales Price +51Average Sales Price +23Average Sales Price/Sq. Ft. +6Average DOM -53Average Sales Price/List Price +3


View Kapalua Ironwoods for Sale


Kapalua Bay Villas





In the first quarter of 2023, there was just one Bay Villa to sell.  A one bedroom, ocean view condominium in building 17. 


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.


Metrics: 2022 vs. 2021Number of Sales -67Sales Volume -57Low Sales Price +72High Sales Price +10Average Sales Price +30Average Sales Price/Sq. Ft. +36Average DOM -71Average Sales Price/List Price +4


View Kapalua Bay Villas for Sale


Kapalua Golf Villas 





In the first quarter of 2023, there were two Golf Villa sales, a one bedroom in building 21 and a 2 bedroom in building 25.


In 2022, the Golf Villas experienced about half of the sales of 2021, but like other properties, the sale of a renovated two-bedroom in 21 building set a record high, thereby increasing the average sales price and price per square foot dramatically.


Metrics: 2022 vs. 2021Number of Sales -52Sales Volume -34Low Sales Price +57High Sales Price +39Average Sales Price +39Average Sales Price/Sq. Ft. +41Average DOM -34Average Sales Price/List Price +1


View Kapalua Golf Villas for Sale


Kapalua Ridge Villas





In 2023, there were two villas to sell, both two bedrooms, in buildings 12 and 29.


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.


Metrics: 2022 vs. 2021Number of Sales -61Sales Volume -50Low Sales Price +61High Sales Price +12Average Sales Price +26Average Sales Price/Sq. Ft. +45Average DOM -61Average Sales Price/List Price +3


View Kapalua Ridge Villas for sale


Montage Residences Kapalua Bay





In the first quarter of 2023, there was just one Residence to sell at the Montage, a three bedroom residence located on the ground floor in building 2.


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.


Metrics: 2022 vs. 2021Number of Sales -63Sales Volume -61Low Sales Price +11High Sales Price -40Average Sales Price +4Average Sales Price/Sq. Ft. +16Average DOM 0Average Sales Price/List Price -1


View Montage Residences Kapalua Bay for Sale


Ritz-Carlton Kapalua Residences 





There have been no condo sales in the first quarter of 2023 at the Ritz-Carlton Residences in Kapalua.


In 2022, 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.


Metrics: 2022 vs. 2021Number of Sales -20Sales Volume -23Low Sales Price +5High Sales Price +0Average Sales Price -4Average Sales Price/Sq. Ft. +8Average DOM -64Average Sales Price/List Price +5


View Ritz-Carlton Residences Kapalua for Sale


KAPALUA RESIDENTIAL 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 the first quarter of 2023, there were only two home sales: a home in Pineapple Hill that sold at $4,150,000 and a home in Pineapple Hill Estates that sold for $5,775,000.


KAPALUA HOME SALES


 


PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES





View Pineapple Hill &amp; Pineapple Hill Estates Homes for sale


PLANTATION ESTATES AT KAPALUA HOMES





View Plantation Estates Homes for Sale


HONOLUA RIDGE HOMES





View Honolua Ridge Homes for sale


MAHANA ESTATES HOMES





 View Mahana Estates Homes


KAPALUA PLACE &amp; OCEANFRONT HOMES


Active listings: 


9 Bay Drive is an oceanfront 7B/10B home on 9.63 acres listed at $41,900,000


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.


View Kapalua Place and Kapalua Oceanfront homes for sale


KAPALUA LAND SALES


In the first quarter of 2023, there are no lot sales to report in the Kapalua Resort.  





Pineapple Hill &amp; Pineapple Hill Estates Land





View Pineapple Hill &amp; Pineapple Hill Estates Land for Sale


Plantation Estates Land





View Plantation Estates Land for Sale


Mahana Estates Land


 


View Mahana Estates Land for Sale


Honolua Ridge Land





View Honolua Ridge Land for Sale


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,





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.
 ]]> </description>
    <pubDate>Thu, 20 Apr 2023 14:44:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/introducing-330-cook-pine-drive-in-kapaluas-pineapple-hill.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/introducing-330-cook-pine-drive-in-kapaluas-pineapple-hill.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Introducing 330 Cook Pine Drive in Kapalua's Pineapple Hill</title>
    <description> <![CDATA[ 
Introducing 330 Cook Pine Drive: elevated living in Kapalua's Pineapple Hill Community





Sunset at Pineapple Hill from 330 Cook Pine Drive


This is a rare offering of of one of only six homes on an oversized lot in Pineapple Hill.  This gracious estate is nestled on a hill overlooking the Pacific Ocean framed by the neighboring islands of Molokai and Lanai.  


This private ocean view estate is situated on approximately a half-acre in one of Kapalua’s most popular neighborhoods, Pineapple Hill. Remodeled in 2018 with a contemporary, elegant island inspired design, this home is one of the most secluded in the community. 


The main home is comprised of a spacious living room with a fireplace and soaring ceilings, a gourmet kitchen and ocean view dining room, wet bar, home theatre, three ensuite bedrooms, and an office loft.  A detached suite complete with a full bath offers a flexible space for guests or an artist’s studio with an abundance of natural light and its own entrance. 


One of the loveliest features is the garden--a tropical oasis that wraps around the side of the home complete with a gazebo, waterfall and a stone edged pool and secluded hot tub.  There is a sheltered lanai area overlooking the garden as well as a large lawn, with vistas of the Pacific Ocean and the neighboring islands of Molokai and Lanai perfectly framing Maui’s spectacular sunsets over the Pailolo Chanel. 


A chef’s dream, the kitchen features custom wood cabinetry cloaked in Lemurian Blue granite, an induction cooktop, oven and dishwasher by Miele, and Subzero refrigerator, freezer and ice maker.  Just off the kitchen and dining room is an outdoor kitchen with a Lynx built in BBQ. 


The primary bedroom suite is tucked away in the Southwest corner of the home, and features ocean and garden views, hardwood floors, custom draperies and furnishings, and a reimagined bath, a sanctuary with granite walls, a walk-in shower and a gorgeous soaking tub. 


Impeccably maintained by the current owners, this stunning home is offered fully furnished and turnkey.  This is a rare offering of one of only six homes situated on two or more contiguous lots in Pineapple Hill, allowing for an expanded custom floor plan surrounded by tropical gardens. 


Amenities within the gated Pineapple Hill community include an onsite manager, community pavilion, pool, gardens, a tennis court, and two pickleball courts  Pineapple Hill is located in the heart of the Kapalua Resort, which is known for its championship golf courses, restaurants, beaches, and hiking and walking trails.  The resort is achored by two five star hotels: the Montage Kapalua Bay and the Ritz-Carlton, Kapalua.  





Enjoy ocean views from the beautifully furnished contemporary living room, complete with a fireplace





Off the primary bedroom suite is a peaceful and private lagoon area, with a pool, spa and gazebo surrounded by tropical landscaping





Just off the kitchen and through the sliding doors is an ocean-view outdoor kitchen and dining area.


The sleek and modern kitchen features an induction cooktop, with appliances by Miele and Subzero.  The kitchen is separated from the living area but open to the dining area and exterior gardens, making it perfect for entertaining.





The ocean facing dining room takes in the dramatic ocean views and opens to gracious lanais and a beautifully manicured lawn.





The primary bedroom suite features ocean and garden views, and opens to the oasis in the side yard.





The side yard oasis is a relaxing and peaceful area with ample covered areas to allow you to enjoy the whole day outside.


For more information on this offering or Homes for sale in Kapalua, please contact Courtney M. Brown, R(S) 56519


View Pineapple Hill, Kapalua Homes for Sale



 ]]> </description>
    <pubDate>Mon, 03 Apr 2023 16:29:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2022-year-in-review.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-2022-year-in-review.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update: 2022 Year in Review</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: 2022 Year in Review





Kapalua Condominiums:  2017-2022


Kapalua 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.










Key Stats by Community


How does the market in 2022 stack up for each community when compared with prior years?


Coconut Grove on Kapalua Bay





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.


Metrics: 2022 vs. 2021Number of Sales -67Sales Volume -62Low Sales Price +43High Sales Price -9Average Sales Price +14Average Sales Price/Sq. Ft. +19Average DOM -57Average Sales Price/List Price -4







View Coconut Grove Kapalua units for sale


Kapalua Ironwoods*


*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those listings and sales are not accounted for in these figures.  Since 2020 about 30 of the residences at the Ironwoods changed hands.


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.


Metrics: 2022 vs. 2021Number of Sales -20Sales Volume -2Low Sales Price +53High Sales Price +51Average Sales Price +23Average Sales Price/Sq. Ft. +6Average DOM -53Average Sales Price/List Price +3







View Kapalua Ironwoods for Sale


Kapalua Bay Villas





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.


Metrics: 2022 vs. 2021Number of Sales -67Sales Volume -57Low Sales Price +72High Sales Price +10Average Sales Price +30Average Sales Price/Sq. Ft. +36Average DOM -71Average Sales Price/List Price +4







View Kapalua Bay Villas for Sale


Kapalua Golf Villas 


In 2022, the Golf Villas experienced about half of the sales of 2021, but like other properties, the sale of a renovated two-bedroom in 21 building set a record high, thereby increasing the average sales price and price per square foot dramatically.


Metrics: 2022 vs. 2021Number of Sales -52Sales Volume -34Low Sales Price +57High Sales Price +39Average Sales Price +39Average Sales Price/Sq. Ft. +41Average DOM -34Average Sales Price/List Price +1







View Kapalua Golf Villas for Sale


Kapalua Ridge Villas





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.


Metrics: 2022 vs. 2021Number of Sales -61Sales Volume -50Low Sales Price +61High Sales Price +12Average Sales Price +26Average Sales Price/Sq. Ft. +45Average DOM -61Average Sales Price/List Price +3







View Kapalua Ridge Villas for sale


Montage Residences Kapalua Bay





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.


Metrics: 2022 vs. 2021Number of Sales -63Sales Volume -61Low Sales Price +11High Sales Price -40Average Sales Price +4Average Sales Price/Sq. Ft. +16Average DOM 0Average Sales Price/List Price -1







View Montage Residences Kapalua Bay for Sale


Ritz-Carlton Kapalua Residences 





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.


Metrics: 2022 vs. 2021Number of Sales -20Sales Volume -23Low Sales Price +5High Sales Price +0Average Sales Price -4Average Sales Price/Sq. Ft. +8Average DOM -64Average Sales Price/List Price +5







View Ritz-Carlton Residences Kapalua for Sale


KAPALUA RESIDENTIAL 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.


KAPALUA HOME SALES


 


PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES







View Pineapple Hill &amp; Pineapple Hill Estates Homes


PLANTATION ESTATES AT KAPALUA HOMES










View Plantation Estates Homes for Sale


HONOLUA RIDGE HOMES


 




View Honolua Ridge Homes


MAHANA ESTATES HOMES


 

 View Mahana Estates Homes


KAPALUA PLACE &amp; OCEANFRONT HOMES










Active listings: 9 Bay Drive is an oceanfront 7B/10B home on 9.63 acres listed at $41,900,000


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.


View Kapalua Place and Kapalua Oceanfront homes


KAPALUA LAND SALES


 


Pineapple Hill &amp; Pineapple Hill Estates Land





Plantation Estates Land





Mahana Estates Land





Honolua Ridge Land





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,





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.
 ]]> </description>
    <pubDate>Mon, 23 Jan 2023 14:20:00 -1000</pubDate>
</item>
<item>
    <guid>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-december-6-2022.html</guid>
    <link>http://www.luxuryrealestatemaui.com/blog/kapalua-resort-market-update-december-6-2022.html</link>
        <author>cb@luxuryrealestatemaui.com (Courtney M. Brown)</author>
        <title>Kapalua Resort Market Update: December 6, 2022</title>
    <description> <![CDATA[ 
KAPALUA MARKET UPDATE: December 6, 2022





Featured Listing: 322 Cook Pine Drive is a lot listed in Pineapple Hill


Kapalua Condominiums, Homes and Land


Kapalua Condominiums


Kapalua 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.


How does the market through December 6, 2022 stack up for each community?






KAPALUA CONDOS


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


61


145


40


61


45


53




Volume


$142,880,500


$298,816,781


$68,616,500


$124,027,800


$92,832,112


$108,098,787




Low Sales Price


$940,000


$600,000


$600,000


$595,000


$575,000


$530,000




High Sales Price


$8,000,000


$13,295,000


$4,200,000


$7,950,000


$8,950,000


$6,475,000




Average SP


$2,342,303


$2,060,805


$1,715,437


$2,033,242


$2,062,935


$2,039,599




Average SP/Sq. Ft.


$1,463


$1,154


$1,000


$1,028


$1,026


$1,056




Average DOM


95


177


165


213


208


264




Average SP/LP


99


97


94


96


97


96






Coconut Grove on Kapalua Bay


Active Listings: 1Coconut Grove 24 is a 3B/3.5B Floor Plan 4 offered for sale at $6,995,000. View Coconut Grove Kapalua units for sale


Pending Sales: 0






Coconut Grove


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


2


6


0


0


0


4




Sales Volume


$10,990


$29,000,000


0


0


0


$18,950,000




Low Sales Price


$5,300,000


$3,700,000


NA


NA


NA


$4,500,000




High Sales Price


$5,690,000


$6,250,000


NA


NA


NA


$5,000,000




Average Sales Price


$5,495,000


$4,833,333


NA


NA


NA


$4,737,500




Average SP/Sq. Ft.


$2,240


$1,883


NA


NA


NA


$1,866




Average DOM


67


154


NA


NA


NA


64




Average SP/LP


93


97


NA


NA


NA


95






Kapalua Ironwoods*


Active Listings: 0Pending Sales: 0






Kapalua Ironwoods


12.6. 2022


2021


2020


2019


2018


2017




Number of Sales


4


5


4


1


1


0




Sales Volume


$16,750,000


$17,020,000


$12,050,000


$2,300,000


$3,000,000


0




Low Sales Price


$2,300,000


$1,500,000


$1,150,000


$2,300,000


$3,000,000


NA




High Sales Price


$6,250,000


$4,150,000


$4,200,000


$2,300,000


$3,000,000


NA




Average Sales Price


$4,187,500


$3,404,000


$3,012,500


$2,300,000


$3,000,000


NA




Average SP/Sq. Ft.


$1,729


$1,634


$1,412


$1,065


$1,391


NA




Average DOM


149


320


124


671


204


NA




Average SP/LP


95


92


88


93


92


NA






*Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those listings and sales are not accounted for in these figures.


Kapalua Bay Villas


Active Listings: 2Kapalua Bay Villa 37G1 is a 1B/2B listed at $1,475,000Kapalua Bay Villa 17G4 is a 1B/1B listed at $1,500,000View Kapalua Bay Villas for Sale


Pending Sales: 1Kapalua Bay Villa 16B2-4 is a 2B/2B listed at $2,900,000






KAPALUA BAY VILLAS


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


9


30


7


14


7


11




Sales Volume


$14,799,000


$41,089,500


$7,538,000


$15,032,500


$7,621,250


$11,758,800




Low Sales Price


$1,300,000


$755,000


$675,000


$800,000


$800,000


$725,000




High Sales Price


$3,200,000


$2,900,000


$1,900,000


$1,485,000


$1,600,000


$1,725,000




Average Sales Price


$1,642,111


$1,369,650


$1,076,857


$1,073,750


$1,088,750


$1,068,982




Average SP/Sq. Ft.


$1,452


$1,104


$876


$287


$872


$882




Average DOM


62


232


149


287


258


287




Average SP/LP


100


97


92


93


95


93






Kapalua Golf Villas


Active Listings: 3Kapalua Golf Villa 17T8 is a 1B/2B listed for $1,300,00Kapalua Golf Villa 21T1-2 is a 1B/2B listed for $1,435,000Kapalua Golf Villa 25P3-4 is a 2B/2B listed for $1,700,000View Kapalua Golf Villas for Sale


Pending Sales: 0






KAPALUA GOLF VILLAS


12.6.2022


2021


2020


2019


2018


2017




Sales


21


44


9


9


13


21




Volume


$27,773,500


$42,071,750 


$7,441,500 


$15,248,872 


$10,645,400 


$15,900,099 




Low SP


$940,000


$600,000 


$600,000 


$595,000 


$575,000 


$530,000 




High SP


$1,949,000


$1,400,000 


$1,200,000 


$1,010,000 


$1,200,000 


$960,000 




Average SP


$1,332,548


$956,176 


$826,833 


$802,572 


$818,877 


$757,148 




Average SP/Sq. Ft


$1,205


$856 


$749 


$677 


$678 


$694 




Average DOM


81


122


124


165


155


351




Average SP/LP


100


99


94


97


98


96






Kapalua Ridge Villas


Active Listings: 0


Pending Sales: 1Kapalua Ridge Villa 1223-24 is a 2B/3B pending at a list price of $1,750,000






KAPALUA RIDGE VILLAS


12.6.2022


2021


2020


2019


2018


2017




Sales


11


28


8


6


6


2




Volume


$15,554,000


$31,301,998


$8,776,500


$4,904,000


$6,090,500


$2,400,000




Low SP


$1,250,000


$775,000


$650,000


$650,000


$849,000


$950,000




High SP


$1,900,000


$1,700,000


$1,487,500


$1,487,500


$1,487,500


$1,450,000




Average SP


$1,414,000


$1,117,929


$1,097,063


$817,333


$1,097,063


$1,200,000




Average SP/Sq. Ft


$1,179


$813


$701


$653


$701


$762




Average DOM


65


165


222


253


230


164




SP/LP


100


97


96


96


97


97






Montage Residences Kapalua Bay


Active Listings: 3Montage Residences Kapalua Bay 4502 is a 3B/3.5B Hotel Residence listed at $4,595,000Montage Residences Kapalua Bay 2302 is a 3B/3.5B Grand Residence listed at $5,600,000Montage Residences Kapalua Bay 1203 is a 3B/3.5B Grand Residence listed at $9,800,000View Montage Residences Kapalua Bay for Sale


Pending Sales: 1Montage Residences Kapalua Bay 2206 is a 3B/3.5B Grand Residence listed at $3,800,000






MONTAGE RESIDENCES


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


10


27


9


21


12


12




Sales Volume


$49,605,000


$128,678,533


$28,939,000


$86,445,000


$58,780,074


$54,388,000




Low Sales Price


$3,000,000


$2,695,000


$2,750,000


$2,400,000


$3,495,000


$3,125,000




High Sales Price


$8,000,000


$13,295,000


$4,159,000


$7,950,000


$8,950,000


$6,475,000




Average Sales Price


$4,960,500


$4,765,872


$3,215,444


$4,116,429


$4,898,340


$4,532,333




Average SP/Sq. Ft.


$2,027


$1,742


$1,407


$1,556


$1,572


$1,582




Average DOM


151


152


170


173


230


100




Average SP/LP


97


98


99


97


100


99






Ritz-Carlton Kapalua Residences 


Active Listings: 4Ritz-Carlton Residences Kapalua 1712 is a 1B/1B Residence listed at $1,680,000Ritz-Carlton Residences Kapalua 1806-08 is a 2B/2B Residence listed at $3,500,000Ritz-Carlton Residences Kapalua 1226-28 is a 2B/2B Residence listed at $3,750,000Ritz-Carlton Residences Kapalua 1426-28 is a 2B/2B Residence listed at $4,250,000View Ritz-Carlton Residences Kapalua for Sale


Pending Sales: 0






RITZ-CARLTON RESIDENCES


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


4


5


3


1


6


3




Sales Volume


$7,429,000


$9,655,000


$3,872,500


$900,000


$6,694,888


$4,701,888




Low Sales Price


$990,000


$945,000


$735,000


$900,000


$830,000


$790,000




High Sales Price


$2,800,000


$2,800,000


$2,300,000


$900,000


$1,400,000


$2,100,000




Average Sales Price


$1,857,250


$1,931,000


$1,290,833


$900,000


$1,115,815


$1,567,296




Average SP/Sq. Ft.


$1,557


$1,446


$1,065


$1,034


$1,093


$1,233




Average DOM


161


448


216


203


207


262




Average SP/LP


102


97


88


92


90


94






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.


KAPALUA HOMES SOLD 






KAPALUA HOMES


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


14


29


17


18


8


8




Volume


$74,700,000


$144,197,500


$90,787,000


$47,954,020


$30,943,300


$20,920,000




Low Sales Price


$2,750,000


$2,062,500


$1,600,000


$1,489,020


$1,970,000


$1,750,000




High Sales Price


$7,900,000


$15,000,000


$24,000,000


$6,000,000


$12,000,000


$3,550,000




Average SP


$5,335,714


$4,972,327


$5,240,411


$2,664,112


$3,867,913


$2,615,000




Average SP/Sq. ft.


$1,112


$982


$1,063


$715


$755


$663




Average DOM


193


227


151


270


355


184




Average SP/LP


97


94


91


92


89


93






KAPALUA LAND SOLD 






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


17


58


8


2


0


5




Sales Volume


$27,694,500


$65,265,000


$13,925,000


$3,150,000


 


$5,779,000




Low Sales Price


$845,000


$700,000


$850,000


$1,300,000


 


$715,000




High Sales Price


$3,700,000


$2,600,000


$8,000,000


$1,850,000


 


$1,400,000




Average Sales Price


$1,644,971


$1,135,259


$1,740,625


$1,575,000


 


$963,167




Average SP/Sq. ft.


$40


$17


$32


$23


 


$6




Average DOM


209


178


284


60


 


471




Average SP/LP


97


95


89


100


 


82






PINEAPPLE HILL &amp; PINEAPPLE HILL ESTATES


Pineapple Hill &amp; Pineapple Hill Estates Homes


Active Listings: 11000 Sunset is a 4B/4.5B home listed at $4,550,000View Pineapple Hill &amp; Pineapple Hill Estates Homes for Sale


Pending Sales: 3708 Fairway is a 3B/3.5B home pending at a list price of $4,250,000116 Pulelehua is a 4B/4.5B home pending at list price of $4,995,000222 Crestview is a 4B/4.5B pending at a list price of $6,495,000






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


7


15


10


 15


4


6




Volume


$35,575,000


$46,012,500


$27,187,000


$35,834,020


$9,550,000


$15,145,000




Low Sales Price


$2,750,000


$2,062,500


$1,600,000


$1,489,020


$1,970,000


$1,750,000




High Sales Price


$7,900,000


$4,850,000


$3,750,000


$3,200,000


$2,680,000


$3,550,000




Average SP


$5,082,142


$3,067,500


$2,718,700


$2,388,935


$2,387,500


$2,524,167




Average SP/Sq. ft.


$1,023


$768


$696


 $692


$588


$680




Average DOM


134


160


137


 262


325


219




Average SP/LP


96


95


95


94


92


93






Pineapple Hill &amp; Pineapple Hill Estates Land


Active Listings: 3322 Cook Pine is listed at $995,0001010 Sunset is listed at $1,100,000103 Pulelehua is listed at $1,895,000Featured Listing: Click to view 322 Cook Pine Drive


Pending Sales: 0






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


5


2


1


0


0


0




Low Sales Price


$879,000


$1,195,000


$950,000


NA


NA


NA




High Sales Price


$1,500,000


$1,305,000


$950,000


NA


NA


NA




Average Sales Price


$1,157,400


$1,250,000


$950,000


NA


NA


NA




Average SP/Sq. ft.


$101


$62


$87


NA


NA


NA




Average DOM


204


143


314


NA


NA


NA




Average SP/LP


100


100


90


NA


NA


NA






PLANTATION ESTATES AT KAPALUA


Plantation Estates Homes


Active Listings: 2301 Plantation Estates Drive is a 4B/4.5B home listed at $12,300,000203 Plantation Club Drive is a 6B/7.5B home listed at $24,900,000View Plantation Estates Homes for Sale


Pending Sales: 0






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


4


6


3


1


1


1




Volume


$24,225,000


$32,635,000


$13,850,000


$6,000,000


$3,000,050


$3,200,000




Low Sales Price


$5,425,000


$4,025,000


$3,750,000


$6,000,000


$3,000,050


$3,200,000




High Sales Price


$7,500,000


$10,100,000


$5,650,000


$6,000,000


$3,000,050


$3,200,000




Average SP


$6,056,250


$5,439,167


$4,616,667


$6,000,000


$3,000,050


$3,200,000




Average SP/Sq. ft.


$920


$933


$1,006


$972


$463


$914




Average DOM


306


258


70


215


372


108




Average SP/LP


96


93


92


81


83


100






Plantation Estates Land


Active Listings: 1219 Plantation Club Drive is listed at $2,250,000


Pending Sales: 1705 Mokuleia is listed at $1,745,000






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


3


5


2


0


0


2




Volume


$6,245,000


$7,965,000


$1,700,000


0


0


$2,174,000




Low Sales Price


$845,000


$975,000


$800,000


NA


NA


$875,000




High Sales Price


$3,700,000


$2,600,000


$900,000


NA


NA


$1,299,000




Average SP


$2,081,667


$1,593,000


$850,000


NA


NA


$1,087,000




Average SP/Sq. ft.


$20


$15


$9


NA


NA


$12




Average DOM


506


226


53


NA


NA


211




Average SP/LP


93


97


81


NA


NA


84






HONOLUA RIDGE


Honolua Ridge Homes


Active Listings: 0Pending Sales: 0






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


1


4


1


2


2


1




Volume


$5,300,000


$25,500,000


$3,850,000


$6,120,000


$6,393,250


$2,575,000




Low Sales Price


$5,300,000


$5,000,000


$3,850,000


$2,850,000


$3,000,000


$2,575,000




High Sales Price


$5,300,000


$8,700,000


$3,850,000


$3,270,000


$3,393,250


$2,575,000




Average SP


$5,300,000


$6,375,000


$3,850,000


$3,060,000


$3,196,625


$2,575,000




Average SP/Sq. ft.


$1,493


$1,175


$1,036


$759


$811


$306




Average DOM


$95


276


40


352


167


48




Average SP/LP


97


94


91


89


89


86






Honolua Ridge Land


Active Listings: 183 Keoawa is listed at $2,950,000


Pending Sales: 0






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


6


9


1


0


0


4




Volume


$11,837,500


$13,365,000


$850,000


0


0


$3,605,000




Low Sales Price


$1,163,000


$805,000


$850,000


NA


NA


$715,000




High Sales Price


$2,795,000


$2,000,000


$850,000


NA


NA


$1,400,000




Average SP


$1,972,917


$1,485,000


$850,000


NA


NA


$901,250




Average SP/Sq. ft.


$7


$7


$5


NA


NA


$3




Average DOM


133


227


360


NA


NA


601




Average SP/LP


97


92


95


NA


NA


81






MAHANA ESTATES


Mahana Estates Homes


Active Listings: 1100 Hawane is a 4B/4.5B listed at $8,000,000View Mahana Estates Homes for Sale


Pending Sales: 0






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


2


1


1


0


0


0




Volume


$9,600,000


$5,250,000


$6,400,000


0


0


0




Low Sales Price


$4,750,000


$5,250,000


$6,400,000


NA


NA


NA




High Sales Price


$8,850,000


$5,250,000


$6,400,000


NA


NA


NA




Average SP


$4,800,000


$5,250,000


$6,400,000


NA


NA


NA




Average SP/Sq. ft.


$1,617


$1,229


$1,634


NA


NA


NA




Average DOM


224


52


122


NA


NA


NA




Average SP/LP


100


99


77


NA


NA


NA






Mahana Estates Land


Active Listings: 1725 Laulima is listed at $2,300,000


Pending Sales: 10 Uki Uki is pending sale at $1,895,000






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


4


42


3


2


0


0




Volume


$5,795,000


$41,435,000


$2,425,000


$3,150,000


0


0




Low Sales Price


$1,200,000


$700,000


$800,000


$1,300,000


NA


NA




High Sales Price


$1,945,000


$2,150,000


$825,000


$1,850,000


NA


NA




Average SP


$1,448,750


$986,548


$808,333


$1,575,000


NA


NA




Average SP/Sq. ft.


$23


$17


$12


$23


NA


NA




Average DOM


128


163


157


60


NA


NA




Average SP/LP


96


94


95


10000


NA


NA






KAPALUA PLACE &amp; OCEANFRONT HOMES


Active listings: 19 Bay Drive is an oceanfront 7B/10B home on 9.63 acres listed at $41,900,000






SOLD


12.6.2022


2021


2020


2019


2018


2017




Number of Sales


0


3


 


0


1


0




Volume


0


$34,800,000


$39,500,000


0


$12,000,000


0




Low Sales Price


NA


$8,700,000


$15,500,000


NA


$12,000,000


NA




High Sales Price


NA


$15,000,000


$24,000,000


NA


$12,000,000


NA




Average SP


NA


$11,600,000


$19,750,000


NA


$12,000,000


NA




Average SP/Sq. ft.


NA


$1,809


$2,975


NA


$1,605


NA




Average DOM


NA


489


425


NA


833


NA




Average SP/LP


NA


93


79


NA


80


NA






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.


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,





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.
 ]]> </description>
    <pubDate>Tue, 06 Dec 2022 14:01:00 -1000</pubDate>
</item>
    </channel>
</rss>