DECEMBER 31, 2008:
Aloha and Hau'oli Makahiki Hou! (Happy New Year)!
This past year has been filled with changes for our local real estate market. While it has been a slower year sales wise, the Kapalua Resort itself has undergone a spectacular transformation which will only help to position it as a luxury destination as our economy rebounds. The Ritz-Carlton, Kapalua reopened after a $160+ million renovation, construction began on the Kapalua Spa, the Ritz-Carlton announced the branding and management of the Residences at Kapalua Bay, and the Kapalua Adventures opened the exhilarating zipline course, and the Kapalua Resort added miles of hiking trails both along the ocean and in the mountains.
In Kapalua Resort real estate news, the following is an MLS activity update for the month of December: over the last month, there were 16 new listings, ranging from a low of $850,000 for a Gold Program Golf Villa one-bedroom to a high of $6,900,000 for the first resale at the Rtiz-Carlton Residences, Kapalua Bay. There have been 24 properties that have reduced their asking prices, everything ranging from the Golf Villas to a home at the Plantation Estates. Finally, there is one new escrow at the Golf Villas, and one sale, an oceanview Coconut Grove that had been unlisted and recorded at $3,600,000.
In financial markets, the interest rates are at a new low, and title companies are reporting increased activity due to refinancing. In this buyer's market, the Kapalua Resort offers many options ranging from condominiums to homes to homesites.
The market update follows below. You will find links to all active listings and a summary of active listings, pending sales, and sales since the last update. Please don't hesitate to contact me with any questions or for additional information on the Maui real estate market.
Each month, along with local event updates, you will find sales statistics for the entire island posted to Courtney's Blog, as prepared by the Realtor's Association of Maui. This month, I am pleased to feature a recipe from Kapalua's The Plantation House restaurant in Local Flavors. I've also made some additions to the website, with information on the hikes and activities available in the Kapalua Resort should you be planning a visit soon. Enjoy!
Aloha,
Courtney
KAPALUA RESORT, KAANAPALI AND WEST MAUI OCEANFRONT MARKET UPDATE
KAPALUA RESORT CONDOMINIUMS:
COCONUT GROVE
| MLS # | Status | Unit | L Price | Sold Price | Closing Date | Bds | Bths | Liv-SF | Days On Market |
| 334106 | ACTIVE | 12 | $3,600,000 | 3 | 3.50 | 2638 | 70 | ||
| 334418 | ACTIVE | 30 | $5,300,000 | 3 | 3.50 | 2625 | 57 | ||
| 335200 | ACTIVE | 15 | $5,850,000 | 3 | 3.50 | 2280 | 12 | ||
| 334417 | ACTIVE | 23 | $6,300,000 | 3 | 3.50 | 2280 | 57 | ||
| 334842 | SOLD | C-10 | $3,600,000 | $3,600,000 | 12/2/2008 | 3 | 3.50 | 2625 | 0 |
BAY VILLAS
| MLS # | Status | Unit | L Price | Bds | Bths | Liv-SF | Days On Market |
| 329968 | ACTIVE | 37G2 | $899,000 | 1 | 1.00 | 989 | 308 |
| 325737 | ACTIVE | 15G4 | $950,000 | 1 | 1.00 | 1006 | 526 |
| 331713 | ACTIVE | 16G2 | $979,000 | 1 | 1.00 | 989 | 216 |
| 328962 | ACTIVE | 29G4 | $995,000 | 1 | 1.00 | 1006 | 356 |
| 330161 | ACTIVE | 31B1 | $1,125,000 | 1 | 1.00 | 1006 | 300 |
| 335054 | ACTIVE | 33G1 | $1,199,000 | 1 | 2.00 | 1118 | 16 |
| 335028 | ACTIVE | 17G5 | $1,290,000 | 1 | 2.00 | 1206 | 19 |
| 331023 | ACTIVE | 32B3 | $1,350,000 | 1 | 1.50 | 995 | 257 |
| 332760 | ACTIVE | 28G3 | $1,375,000 | 1 | 1.50 | 1320 | 163 |
| 312429 | ACTIVE | 20G4 | $1,395,000 | 1 | 1.00 | 1006 | 1280 |
| 329222 | ACTIVE | 34B4 | $1,445,000 | 1 | 1.00 | 1006 | 347 |
| 329575 | ACTIVE | 30G2 | $1,449,000 | 1 | 1.00 | 1006 | 329 |
| 328790 | ACTIVE | 14B1 | $1,475,000 | 1 | 1.00 | 1006 | 362 |
| 331765 | ACTIVE | 24 B1,2 | $1,599,000 | 2 | 3.00 | 1447 | 211 |
| 335203 | ACTIVE | 21G5 | $1,650,000 | 1 | 2.00 | 1206 | 10 |
| 331638 | ACTIVE | 12B 1&2 | $1,795,000 | 2 | 3.00 | 1569 | 219 |
| 328372 | ACTIVE | 15G123 | $1,895,000 | 2 | 3.00 | 1529 | 382 |
| 333733 | ACTIVE | 16G3-5 | $1,949,000 | 2 | 3.00 | 1619 | 91 |
| 325733 | ACTIVE | 35G3,4,5 | $1,950,000 | 2 | 3.00 | 1529 | 526 |
| 331795 | ACTIVE | 23G2 | $1,995,000 | 1 | 1.00 | 983 | 212 |
| 333882 | ACTIVE | 30 G3-5 | $2,195,000 | 2 | 3.00 | 1529 | 86 |
| 331810 | ACTIVE | 23B1 | $2,250,000 | 1 | 1.00 | 1006 | 212 |
| 333951 | ACTIVE | 14B3-4 | $2,390,000 | 2 | 3.00 | 1750 | 79 |
| 331840 | ACTIVE | 22G4 | $2,495,000 | 1 | 1.00 | 1006 | 211 |
GOLF VILLAS
| MLS # | Status | Unit | L Price | Bds | Bths | Liv-SF | Days On Market |
| 334428 | ACTIVE | 26T1,2 | $575,000 | 1 | 2.00 | 972 | 51 |
| 333827 | ACTIVE | 27V3 | $599,000 | 1 | 1.50 | 899 | 85 |
| 324080 | ACTIVE | 11T6-7 | $599,000 | 1 | 2.00 | 972 | 622 |
| 331610 | ACTIVE | 16V1 | $649,000 | 1 | 1.50 | 899 | 223 |
| 332329 | ACTIVE | 18V-4 | $675,000 | 1 | 1.50 | 899 | 186 |
| 320974 | ACTIVE | 15T3,4 | $690,000 | 1 | 2.00 | 972 | 779 |
| 322416 | ACTIVE | 21T5-6 | $749,000 | 1 | 2.00 | 972 | 708 |
| 334619 | ACTIVE | 20P1,2 | $750,000 | 2 | 2.00 | 1440 | 41 |
| 324378 | ACTIVE | 17 P5,6 | $795,000 | 2 | 2.00 | 1432 | 601 |
| 333224 | ACTIVE | 19 V1 | $797,000 | 1 | 1.50 | 899 | 128 |
| 331680 | ACTIVE | 12T5,6 | $799,000 | 1 | 2.00 | 972 | 216 |
| 334496 | ACTIVE | 18P3&4 | $838,000 | 2 | 2.00 | 1407 | 47 |
| 321922 | ACTIVE | 12T2 | $850,000 | 1 | 1.50 | 987 | 730 |
| 335204 | ACTIVE | 15V3 | $850,000 | 1 | 2.00 | 899 | 10 |
| 330347 | ACTIVE | 21P1,2 | $875,000 | 2 | 2.00 | 1344 | 292 |
| 326218 | ACTIVE | 16P3,4 | $890,000 | 2 | 2.00 | 1344 | 498 |
| 332739 | ACTIVE | 26P1,2 | $899,000 | 2 | 2.00 | 1344 | 158 |
| 326254 | ACTIVE | 25P 3-4 | $899,999 | 2 | 2.00 | 1344 | 498 |
| 324755 | ACTIVE | 14P5,6 | $900,000 | 2 | 2.00 | 1344 | 579 |
| 335128 | ACTIVE | 14T6,7 | $939,000 | 2 | 2.00 | 1344 | 14 |
| 332234 | ACTIVE | 25T4,5 | $999,999 | 2 | 2.00 | 1032 | 188 |
| 334464 | ACTIVE | 18P5,6 | $1,072,000 | 2 | 2.00 | 1344 | 48 |
| 334401 | ACTIVE | 18P7/8 | $1,080,000 | 2 | 2.00 | 1344 | 54 |
| 333856 | PENDING - CONT. TO SHOW | 14V1 | $715,000 | 1 | 1.50 | 899 | 84 |
IRONWOODS
| MLS # | Status | Unit | L Price | Bds | Bths | Liv-SF | Days On Market |
| 328864 | ACTIVE | 14 | $3,150,000 | 2 | 3.00 | 1935 | 359 |
| 328858 | ACTIVE | 24 | $3,225,000 | 2 | 3.00 | 2102 | 359 |
| 334037 | ACTIVE | 53 | $3,549,000 | 2 | 3.00 | 1998 | 75 |
| 334309 | ACTIVE | 22 | $4,150,000 | 2 | 3.00 | 1935 | 60 |
| 331771 | ACTIVE | 23 | $4,200,000 | 2 | 3.00 | 2264 | 212 |
RIDGE VILLAS
| MLS # | Status | Unit | L Price | Bds | Bths | Liv-SF | Days On Market |
| 332868 | ACTIVE | 2512 | $785,000 | 1 | 2.00 | 1125 | 152 |
| 328409 | ACTIVE | 815 | $949,000 | 1 | 2.00 | 1162 | 380 |
| 331689 | ACTIVE | 2712 | $975,000 | 1 | 2.00 | 1125 | 216 |
| 333949 | ACTIVE | 714 | $999,000 | 1 | 2.00 | 1125 | 80 |
| 333502 | ACTIVE | 524 | $1,050,000 | 1 | 2.00 | 1125 | 107 |
| 333266 | ACTIVE | 1812 | $1,099,000 | 1 | 2.00 | 1125 | 124 |
| 333958 | ACTIVE | 1914 | $1,125,000 | 1 | 2.00 | 1125 | 82 |
| 332594 | ACTIVE | 1512 | $1,149,000 | 1 | 2.00 | 1125 | 168 |
| 328143 | ACTIVE | 2611 | $1,150,000 | 1 | 2.00 | 1162 | 397 |
| 332813 | ACTIVE | 1614 | $1,200,000 | 1 | 2.00 | 1125 | 154 |
| 334051 | ACTIVE | 622 | $1,225,000 | 1 | 2.00 | 1150 | 73 |
| 330735 | ACTIVE | 2214 | $1,300,000 | 1 | 2.00 | 1125 | 273 |
| 334834 | ACTIVE | 811-13 | $1,349,000 | 2 | 3.00 | 1778 | 28 |
| 332933 | ACTIVE | 1511 | $1,350,000 | 1 | 2.00 | 1162 | 149 |
| 330613 | ACTIVE | 2723-24 | $1,400,000 | 2 | 3.00 | 1756 | 278 |
| 331404 | ACTIVE | 1413-14-15 | $1,450,000 | 2 | 3.00 | 1778 | 235 |
| 328342 | ACTIVE | 21 13-15 | $1,490,000 | 2 | 3.00 | 1778 | 385 |
| 334778 | ACTIVE | 921-23 | $1,500,000 | 2 | 3.00 | 1778 | 30 |
| 331426 | ACTIVE | 221-23 | $1,550,000 | 2 | 3.00 | 1906 | 232 |
| 327127 | ACTIVE | 413-15 | $1,575,000 | 2 | 3.00 | 1778 | 448 |
| 332864 | ACTIVE | 2313-15 | $1,845,000 | 2 | 3.00 | 1778 | 152 |
| 326459 | ACTIVE | 623-24 | $1,995,000 | 3 | 3.00 | 1922 | 485 |
| 331313 | ACTIVE | 1213-15 | $2,500,000 | 2 | 3.00 | 1778 | 239 |
THE RESIDENTIAL SUITES AT THE RITZ-CARLTON®, KAPALUA
| MLS # | Status | Unit | L Price | Bds | Bths | Liv-SF | Days On Market |
| 334072 | ACTIVE | 1602 | $950,000 | 1 | 1.00 | 872 | 74 |
| 334856 | ACTIVE | 1221-23 | $1,990,000 | 2 | 2.00 | 1323 | 28 |
| 333954 | ACTIVE | 1321-23 | $2,150,000 | 2 | 2.00 | 1323 | 79 |
THE RITZ-CARLTON RESIDENCES®, KAPALUA BAY
Please note: the MLS contains only a sampling of listings. For a complete price list, please contact me
| MLS # | Status | Unit | L Price | Bds | Bths | Liv-SF | Days On Market |
| 319899 | ACTIVE | 5102 | $4,275,000 | 3 | 3.50 | 3002 | 859 |
| 335320 | ACTIVE | 1303 | $6,900,000 | 3 | 3.50 | 3125 | 1 |
| 319902 | ACTIVE | 2401 | $9,335,000 | 4 | 4.50 | 4271 | 859 |
| 319901 | PENDING - CONT. TO SHOW | 1303 | $6,245,000 | 3 | 3.50 | 3125 | 365 |
THE RITZ-CARLTON CLUB®, KAPALUA BAY
The Ritz-Carlton Club, Kapalua Bay offers fractional ownership for those who are looking to spend just a few weeks a year on Maui. The one twelfth ownership guarantees owners three weeks per year, in either a floating or fixed interval program. The new Ka Papa program provides three consecutive fixed weeks of occupancy. For more information, please contact me.
HOMES:
KAPALUA PLACE
| MLS # | Status | Address | L Price | Bds | Bths | Liv-SF | Land Acres | Days On Market |
| 334064 | ACT | 7 Kapalua Place | $19,500,000 | 5 | 6.50 | 7499 | 0.6488 | 75 |
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
| MLS # | Status | Address | L Price | Bds | Bths | Liv-SF | Land Acres | Days On Market |
| 324672 | ACT | 406 MONARCH PLACE | $2,490,000 | 3 | 3.00 | 2794 | 0.2820 | 585 |
| 331282 | ACT | 104 Woodrose Place | $2,495,000 | 4 | 3.50 | 3314 | 0.2329 | 243 |
| 331656 | ACT | 804 JACARANDA WAY | $2,495,000 | 3 | 2.00 | 2348 | 0.2537 | 217 |
| 334266 | ACT | 1200 Summer Road | $2,750,000 | 3 | 3.50 | 3321 | 0.3778 | 61 |
| 328738 | ACT | 710 Fairway Drive | $2,950,000 | 3 | 3.50 | 3666 | 0.2015 | 364 |
| 329687 | ACT | 516 Pacific Drive | $2,950,000 | 3 | 3.50 | 3666 | 0.2190 | 323 |
| 331926 | ACT | 604 Silversword Drive | $2,950,000 | 4 | 4.50 | 3458 | 0.2499 | 205 |
| 330289 | ACT | 102 Woodrose Place | $3,300,000 | 3 | 3.50 | 3812 | 0.2642 | 293 |
| 334160 | ACT | 1000 Sunset Place | $3,500,000 | 4 | 4.50 | 3368 | 0.3072 | 72 |
| 327033 | ACT | 232 Crestview Road | $3,800,000 | 3 | 3.00 | 3354 | 0.4478 | 457 |
| 334434 | ACT | 334 Cook Pine Drive | $3,895,000 | 4 | 5.00 | 3493 | 0.2509 | 51 |
| 334617 | ACT | 614 Silversword | $3,895,000 | 3 | 4.50 | 3426 | 0.2324 | 39 |
| 327885 | ACT | 1206 Summer Road | $3,995,000 | 4 | 5.50 | 3624 | 0.2519 | 408 |
| 329685 | ACT | 514 Pacific Drive | $4,200,000 | 4 | 4.50 | 3704 | 0.2181 | 323 |
| 335288 | ACT | 233 CRESTVIEW ROAD | $4,250,000 | 4 | 4.00 | 4400 | 0.4600 | 2 |
| 334066 | ACT | 402 MONARCH PLACE | $4,395,000 | 4 | 4.50 | 3712 | 0.2556 | 72 |
| 335238 | ACT | 618 Silversword Drive | $4,475,000 | 3 | 3.50 | 4100 | 0.2432 | 8 |
| 334013 | ACT | 228 Crestview Drive | $4,495,000 | 4 | 4.50 | 3939 | 0.4695 | 76 |
| 334119 | ACT | 116 Pulelehua Street | $4,790,000 | 4 | 4.50 | 4081 | 0.4716 | 70 |
| 333284 | ACT | 238 Crestview Road | $4,795,000 | 4 | 4.50 | 4055 | 0.4668 | 123 |
| 334015 | ACT | 106 Pulelehua Street | $5,200,000 | 4 | 5.00 | 4500 | 0.4703 | 76 |
PLANTATION ESTATES I & II and HONOLUA RIDGE I & II
| MLS # | Status | Address | L Price | Bds | Bths | Liv-SF | Land Acres | Days On Market |
| 333766 | ACT | 231 KAUPALENA PL | $5,495,000 | 4 | 4.50 | 5253 | 7.9000 | 91 |
| 334006 | ACT | 94 Keoawa | $6,800,000 | 6 | 6.00 | 7199 | 3.9713 | 76 |
| 329568 | ACT | 501 Honokohau Street | $7,400,000 | 5 | 6.50 | 6386 | 2.0100 | 331 |
| 329665 | ACT | 229 Plantation Club Drive | $7,500,000 | 3 | 3.50 | 4085 | 2.5250 | 325 |
| 330738 | ACT | 410 Namalu Place | $7,900,000 | 4 | 4.50 | 4709 | 2.6910 | 271 |
| 332085 | ACT | 708 Mokuleia Place | $8,950,000 | 5 | 5.50 | 7800 | 2.1000 | 196 |
| 333834 | ACT | 212 Plantation Club Drive | $10,700,000 | 4 | 4.50 | 4790 | 2.0200 | 86 |
| 334647 | ACT | 226 Keoawa Street | $12,000,000 | 6 | 6.00 | 13,705 | 5.9600 | 36 |
| 334124 | ACT | 305 Plantation Estates Drive | $12,250,000 | 5 | 8.00 | 8610 | 2.0100 | 70 |
| 328523 | ACT | 222 Plantation Club Drive | $16,000,000 | 7 | 7.50 | 11,399 | 2.4900 | 376 |
VACANT LAND:
*Maps with parcel numbers are available for all Kapalua Properties on this website under Kapalua Information, Vacant Land.
KAPALUA PLACE
While there are no Active Listings on the date this newsletter was posted, click the link above, as a new listing may have been entered into MLS since.
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
| MLS # | Status | Address | L Price | Land Acres | Days On Market | Par |
| 333324 | ACTIVE | 216 Crestview Road | $1,500,000 | 0.280000 | 119 | 009 |
PLANTATION ESTATES I & II and HONOLUA RIDGE I & II
| MLS # | Status | Address | L Price | Land Acres | Days On Market | Par |
| 332977 | ACTIVE | 104 Honolua Place Lot#3 | $1,295,000 | 2.180000 | 148 | 003 |
| 330637 | ACTIVE | 122 Keoawa St. ( Lot #18 Phase I) | $1,325,000 | 5.580000 | 275 | 018 |
| 330878 | ACTIVE | Lot 3 Honolua Ridge Phase I lot 3 | $1,400,000 | 3.400000 | 264 | 003 |
| 325796 | ACTIVE | 221 Plantation Club Drive. Lot 13 | $1,473,300 | 2.340000 | 523 | 013 |
| 335155 | ACTIVE | 98 Keoawa Place (HRI, lot # 8) | $1,550,000 | 4.200000 | 13 | 008 |
| 328328 | ACTIVE | Lot 4 Honolua Ridge II | $1,599,000 | 3.300000 | 385 | 004 |
| 335041 | ACTIVE | 110 Ke'oawa | $1,600,000 | 4.337000 | 16 | 015 |
| 332485 | ACTIVE | 101 Ke'oawa Place | $1,650,000 | 9.300000 | 174 | 012 |
| 335163 | ACTIVE | 111 Keoawa Place (HRI, lot # 4) | $1,750,000 | 3.400000 | 13 | 041 |
| 334628 | ACTIVE | 102 Kapahiki Street (HRI, Lot # 13) | $1,825,000 | 6.690000 | 37 | 013 |
| 332797 | ACTIVE | 707 Mokuleia | $1,849,000 | 2.040000 | 153 | 063 |
| 323674 | ACTIVE | Lot 12 Honolua Ridge II | $1,895,000 | 3.840000 | 644 | 012 |
| 332486 | ACTIVE | 228 Keoawa Street | $2,300,000 | 6.260000 | 174 | 022 |
| 331516 | ACTIVE | Lot 19 Honolua Ridge Phase 1 lot 19 | $2,400,000 | 3.230000 | 229 | 019 |
| 333864 | ACTIVE | 710 Mokuleia Place | $3,500,000 | 4.390000 | 84 | 061 |
| 316411 | ACTIVE | Lot 24 Honolua Ridge II | $4,500,000 | 25.400000 | 1064 | tbd |
| 334069 | ACTIVE | PHASE II B PLANTATION ESTATES | $14,995,000 | 75.700000 | 72 | 068 |
WEST MAUI OCEANFRONT HOMES AND LOTS
KAANAPALI RESORT PROPERTY
All information is taken from the Maui Multiple Listing Service on December 31, 2008, and is deemed accurate, but is subject to change and should not be relied upon without verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Please note that listings in the MLS represent many different broker's listings and sales, and are not just those of Kapalua Realty. At times, those noted in the pending or sold categories may have never been active in MLS, but rather put immediately in the pending/sold. All listings are fee simple unless designated leasehold. All Summary Charts are © 1995, Realtor's Association of Maui, Inc. All rights reserved.