Spotlight on the Mahana at Kaanapali

Mahana Market Update and New Listings!

by Heidi Dollinger

 One of the most elegant properties on North Kaanapali Beach, the Mahana exudes warmth and welcoming with a relaxed Hawaiian sophistication.  Located less than five miles north of historic Lahaina town, the Mahana is tucked away down a quiet drive, convenient to markets and shopping, near Black Rock Beach, Whaler’s Village, and world-class golf courses in Kaanapali and Kapalua.

Mahana Market Update: Recent Mahana Sales

There was a new closing this week at Mahana 519, a two-bedroom south corner unit with jaw-dropping views, closed at full list price on March 4, 2019 for $1,850,000. Island Sotheby’s International Realty represented both buyer and seller. 

In the past 12 months from the time of writing, there have been eight sales of 1 bedroom 1 bath 820 SF units with closed prices ranging from $815,000 to $990,000.  In the same time period there were two sales of 456 sf studio units, which closed at $625,000 and $645,000.

Currently there are two pending/ under contract units at the Mahana – an eleventh-floor studio listed at $695,000, and a second-floor 1 bedroom 1 bath, listed at $821,000.

Days on market at the Mahana is down significantly in 2019 compared to the past two years,  2017 and 2018.

JUST LISTED – Mahana 715, a 1 bedroom 2 bath direct oceanfront unit with 854 sf of living space plus a private oceanfront lanai.  The second bathroom is a huge bonus! (Most of the other one-bedrooms at the Mahana have only one bathroom.) 

Oceanfront in Kaanapali: watch sunsets from the lanai of Mahana 715

Here are some highlights of Mahana 715, offered at $879,950. 

•       Floor to ceiling windows maximize ocean views
•       Beachfront with sandy beach in front
•       Front row winter whale watching
•       Remodeled kitchen with warm wood cabinetry, granite countertops, breakfast bar
•       Two bathrooms
•       Washer/ Dryer in unit
•       Central A/C
•       Furnished
•       Extra storage
•       Oceanfront swimming pool
•       Hot tub/ Jacuzzi
•       Poolside palapas
•       BBQ
•       Tennis Courts
•       Shuffleboard
•       Pau Hana at Dukes Beach House Maui close by
•       Hotel Zoning H-2 – allows short-term vacation rentals
•       Fee simple property
•       Beautiful welcome lobby with rich finishes, classic Hawaiian feel
•       Onsite concierge and onsite rental management available

For buyers who are searching for a great value for a Maui beachfront property, the Mahana is a property to consider.  Compared to other nearby resorts like Honua Kai, Kaanapali Alii, and The Whaler, the median, average, and price per square foot prices at Mahana are better*, and the units at Mahana all have DIRECT OCEAN VIEWS, and outer island views of Molokai and Lanai.  The whale-watching this time of year is spectacular! 

Mahana 715 is currently a busy vacation rental and is managed by Aston. For more information about the Mahana at Kaanapali, contact Heidi Dollinger. 

*based on 12-month sales history of closed 1-bedroom units at each of these properties. Information provided by the Realtor’s Association of Maui.