Spotlight on the Mahana at Kaanapali
Mahana Market Update and New Listings!
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
- Extra storage
- Oceanfront swimming pool
- Hot tub/ Jacuzzi
- Poolside palapas
- Tennis Courts
- 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!
*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.
Courtney M. Brown, R(S)
Island Sotheby's International Realty