Spotlight on Kapalua's Pineapple Hill & Pineapple Hill Estates

Posted by Courtney Brown on Thursday, November 7th, 2019 at 5:09pm.

Pineapple Hill and Pineapple Hill Estates Market Update, Oct 2019

Kapalua's Pineapple Hill and Pineapple Hill Estates is a popular neighborhood in the heart of the Kapalua Resort.

Pineapple Hill Kapalua Home for Sale

Pineapple Hill is the first phase of the development and was originally designed with 99 homesites, most being a quarter-acre, though many of them were consolidated to make larger lots.  Owners must build one of six floor plans (thought modifications are allowed with approval from the Design Review Committee), unless buildling on two or more contiguous lots, in which case a custom home is permitted.  

Pineapple Estates was annexed in early in 2001, with 31 homesites being integrated into the community.  Lots are larger (approximately a half-acre) and custom homes with a 25-foot roof height are permitted, with the caveat that two-story construction is only allowed on the top row. 

With a mix of older and newer construction, we have seen some lower sales in Pineapple Hill in the past few years.  However, average sales prices have been increasing as has the volume of sales, particularly when comparing October of this year with October of 2018 and 2017: 

Pineapple Hill Real Estate Market Update

Active Listings 10
Price Range $2,150,000 to $3,750,000
Pending Sales 1
Price Range $2,695,000
Absorption Rate 8.6 months
2019 YTD Sales 14
Price Range $1,489,020 to $3,200,000

After a slow 2018, the real estate market for homes for sale in Pineapple and Pineapple Hill Estates has picked up dramatically.  At my last Pineapple Hill Market Update in July, the volume was 96% over 2018, and is now up to 249%.  Sales volume has surpassed that of 2016, which was the high in terms of volume in the past five years.  Available listing inventory of homes for sale in Pineapple Hill & Pineapple Hill Estates is decreasing with the absorption rate dropping from 18.6 months in July to 8.6 months at the time of this post.

Year Sales Volume Avg SP Avg SP$/sq. ft. Avg DOM SP/LP
2014 5 $17,597,000 $3,519,400  $779  414  91%
2015 7 | +40% $17,380,000 | -1% $2,482,857 | -29% $623 | -20%  305 | -26%  91%
2016 9 | +29% $21,170,000 | +22% $2,377,430 | -5% $651 | +4%  219 | -28%  91%
2017 6 | -33% $15,145,000 | -28% $2,524,166 | +7% $680 | +5%  219 | 0%  93%
2018 4 | -33% $9,550,000 | -37% $2,387,500 | -5% $588 | -14%  325 | +48%  92%
2019 YTD 14 | +250% $33,284,020 | +249% $2,377,430 | 0% $685 | +17%  271 | -17%  94%

The Kapalua Residential Market

While the bulk of the sales in Kapalua have been in Pineapple Hill, there have been two homes to sell in Honolua Ridge at $2,850,000 and $3,270,000 and one home to sell in the Plantation Estates Phase II at $6,000,000

View Current Listings: Pineapple Hill Kapalua Homes for Sale

9 Properties Found. Page 1 of 2

Perched At The Summit Of Pineapple Hill With Gl...

Photo of Listing #380719

$3,750,000 Active Fee Simple

  • 3 Beds
  • Baths
  • 0.23 Acres
  • 3,760 ft²

Residential

210 Crestview Rd 6, Kapalua, Hawaii

MLS® #380719

Listed By: Sakamoto Properties Limited

Perched At The Summit Of Pineapple Hill With Glorious, Unobstructed And Private Ocean View Spanning The Island Of Lanai, Across The Molokai Channel And North To The Island Of Molokai. Completed 2010! Renovated 2014-15! A Contemporary Oasis Offering One Lev...

This Casually Elegant Residence Was Completely ...

Photo of Listing #380406

$3,495,000 Active Fee Simple

  • 5 Beds
  • Baths
  • 0.22 Acres
  • 4,151 ft²

Residential

506 Pacific Dr, Kapalua, Hawaii

MLS® #380406

Listed By: Hawaii Life (KAP)

This Casually Elegant Residence Was Completely Remodeled In 2015 By One Of Maui’s Best Luxury Builders And Architects, Giving It A Like New Feel. It Offers An Inviting And Warm Ambience With Striking Ocean, Neighbor Island And Sunset Views. Electronic Po...

Very Private 3 Bedroom, 3 1/2 Bath Home In A Tr...

NEW Photo of Listing #385007

$2,950,000 Active Fee Simple

  • 3 Beds
  • Baths
  • 0.26 Acres
  • 3,598 ft²

Residential

1214 Summer Rd 44, Kapalua, Hawaii

MLS® #385007

Listed By: Sakamoto Properties Limited

Very Private 3 Bedroom, 3 1/2 Bath Home In A Tropical Setting Behind The Gates At Pineapple Hill, The Kapalua Resort's Premier Single Family Home Development. Mexican Paver Floors Enhance The Feeling Of Of Casual Elegance That Awaits The Fortunate Buyer. ...

Golf Course Fronting Residence In Excellent Con...

Photo of Listing #384082

$2,675,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 0.22 Acres
  • 3,444 ft²

Residential

706 Fairway Dr, Kapalua, Hawaii

MLS® #384082

Listed By: Hawaii Life (KAP)

Golf Course Fronting Residence In Excellent Condition With 4 Bedrooms And 4.5 Bathrooms Located Along Kapalua’s Bay Course With Beautiful Views Onto The Course As Well As Of The Ocean. Master Bedroom Suite And Two Guest Suites Are Located On The Lower Level...

Ocean, Islands, Resort And Golf Fairway Views A...

Photo of Listing #384690

$2,499,000 Active Fee Simple

  • 3 Beds
  • Baths
  • 0.2 Acres
  • 3,666 ft²

Residential

710 Fairway Dr, Kapalua, Hawaii

MLS® #384690

Listed By: Hawaii Life (KAP)

Ocean, Islands, Resort And Golf Fairway Views Await You At 710 Fairway Drive! Your Time Is Now! Located On The Front-row Of Kapalus Bay Course's Fairway (5th Hole), This 2-level Estate Offers 3-bedrooms And 3.5-bathrooms Spread Spaciously Across 3,666 Squar...

Offered Turnkey, 114 Woodrose Place Is Located ...

REDUCED 6% Photo of Listing #376869

$2,350,000 Active Fee Simple

  • 3 Beds
  • 4 Baths
  • 0.35 Acres
  • 3,312 ft²

Residential

114 Woodrose Pl, Kapalua, Hawaii

MLS® #376869

Listed By: Hawaii Life (KAP)

Offered Turnkey, 114 Woodrose Place Is Located At The Very End Of A Cul De Sac With Its Own Gate Offering The Ultimate In Privacy In Kapalua’s Pineapple Hill. This 3 Bedrooms, 3-full Baths And 2-half Baths Custom Designed Residence Is Situated On One Of Pha...

 

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

 

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