Feb/March, 2008

Aloha,

I hope this finds you well and enjoying a beautiful spring season. It has been absolutely gorgeous here--sunny and clear, with spectacular whale watching!
In real estate news, the sales event for the Residential Suites at the Ritz-Carlton will be held on March 15, 2008. The hotel has undergone a $130 million dollar renovation, and will offer 107 whole ownership, one and two bedroom condominium suites for sale. Pricing ranges from $895,000-$6,400,000, and a capital investment group has pre-selected approximately one third of the units. Please contact me at: 808-250-0210 or email: cbmaui@aol.com with any questions or to begin the reservation process.
There is continued activity at the Residences at Kapalua Bay, with two more units reserved this past month. The high end market has fared well, with a record sale at Pineapple Hill Estates and another home sold at the Plantation Estates. There are several new listings at all price points across the market, and some great values out there.
In resort news, Kapalua has announced that the first phase of the Kapalua Coastal Trail has begun. This portion of the trail will establish a .75 mile path from Kapalua Bay to Oneloa Bay. Plans call to complete the trail system in 2009, with a 3.5 mile coastal trail linking the resort to several beaches and recreation areas. The coastal trail is part of Kapalua's vision to create approximately 100 miles of hiking, biking and walking trails throughout the 23,000 acre resort, while protecting and showcasing the surrounding environs.
On a personal note, I am excited to share the news that my mother, Sarah Howard, who took up painting just two years ago, was selected to be one of the artists represented at Art Maui. This is the 30th Anniversary of Art Maui, a juried event which showcases local artists. Held at the Maui Arts and Cultural Center, this is a free exhibition which will run from now until April 6, 2008. If you are on island, I hope you will stop by to see the show. For more information, www.artmaui.com and www.sarahkhoward.com
As always, a market summary and information on the Kapalua Resort Market is transmitted below. News on new developments follows at the end of this email. Please don't hesitate to contact me with any questions.
Aloha,
Courtney
 
KAPALUA RESORT MARKET UPDATE
Note: Maps of condos and lots with parcel numbers are available online at www.kapaluarealty.com
 
CONDOMINIUMS:
 
BAY VILLAS
MLS # Status Unit L Price Sold Price Closing Date Bds Bths Liv-SF Days On Market
325737 ACTIVE 15G4 $950,000 1 1.00 1006 229
329968 ACTIVE 37G2 $1,125,000 1 1.00 989 11
330161 ACTIVE 31B1 $1,175,000 1 1.00 1006 3
328962 ACTIVE 29G4 $1,275,000 1 1.00 1006 59
330126 ACTIVE 33G1 $1,349,000 1 2.00 1118 5
312429 ACTIVE 20G4 $1,395,000 1 1.00 1006 983
329222 ACTIVE 34B4 $1,445,000 1 1.00 1006 50
329575 ACTIVE 30G2 $1,449,000 1 1.00 1006 32
326825 ACTIVE 30B1 $1,499,000 1 1.00 1006 167
328790 ACTIVE 14B1 $1,575,000 1 1.00 1006 65
325663 ACTIVE 19G5 $1,595,000 1 1.50 1118 235
315932 ACTIVE 36B3 $1,725,000 1 2.00 1229 788
327107 ACTIVE 23G2 $2,100,000 1 1.00 989 152
323781 ACTIVE 17B1,2 $2,195,000 2 3.00 1447 341
328476 ACTIVE 16G3-5 $2,195,000 2 3.00 1619 80
328372 ACTIVE 15G123 $2,395,000 2 3.00 1529 85
328630 ACTIVE 28B2 $2,595,000 2 3.00 1447 72
325733 ACTIVE 35G3,4,5 $2,625,000 2 3.00 1529 229
315931 ACTIVE 30G3-5 $2,650,000 2 3.00 1529 788
328930 ACTIVE 14B3,4 $2,695,000 2 3.00 1750 59
329112 PENDING - CONT. TO SHOW 24B1, 2 $1,795,000 2 3.00 1447 53
325038 PENDING - DO NOT SHOW 16B2-4 $1,950,000 2 2.50 1529 270
323125 SOLD 32G4 $850,000 $775,000 2/13/2008 1 1.00 1006 350
322345 SOLD 34G4 $1,595,000 $1,300,000 2/29/2008 1 1.00 1006 406
 
COCONUT GROVE
No active listings at this time
 
GOLF VILLAS
MLS # Status Unit L Price Sold Price Closing Date Bds Bths Liv-SF Days On Market
324080 ACTIVE 11T6-7 $699,000 1 2.00 972 325
320974 ACTIVE 15T3,4 $720,000 1 2.00 972 482
326756 ACTIVE 20T1/2 $729,000 1 2.00 972 172
325037 ACTIVE 16V3 $775,000 1 1.50 899 271
324557 ACTIVE 16V-1 $820,000 1 1.50 899 293
322416 ACTIVE 21T5-6 $849,000 1 2.00 972 411
321922 ACTIVE 12T2 $850,000 1 1.50 987 433
326254 ACTIVE 25P 3-4 $960,000 2 2.00 1344 201
326218 ACTIVE 16P3,4 $975,000 2 2.00 1344 201
329635 ACTIVE 20 P1,2 $1,050,000 2 2.00 1350 27
324755 ACTIVE 14P5,6 $1,100,000 2 2.00 1344 282
329590 ACTIVE 19T4,5 $1,100,000 1 2.00 972 31
324378 ACTIVE 17 P5,6 $1,150,000 2 2.00 1432 304
329456 ACTIVE 27P7,8 $1,295,000 2 2.00 1344 38
329555 ACTIVE 20P5,6 $1,300,000 2 2.00 1344 34
330194 ACTIVE 18 P 5,6 $1,365,000 2 2.00 1344 2
329083 ACTIVE 23T3 $1,375,000 2 2.00 1350 54
328819 ACTIVE 11T5 $1,500,000 3 2.00 2000 64
327081 PENDING - CONT. TO SHOW 14 T4/5 $675,000 1 2.00 972 153
329239 SOLD 21V3 $785,000 $738,000 3/3/2008 1 1.50 899 48
327554 SOLD 21 T 1,2 $845,000 $700,000 3/6/2008 1 2.00 972 126
 
IRONWOODS
Status MLS # Unit L Price Bds Bths Liv-SF Days On Market
ACTIVE 328858 24 $3,225,000 2 3.00 2102 62
ACTIVE 322140 83 $3,250,000 2 3.00 2482 425
ACTIVE 328864 14 $3,950,000 2 3.00 1935 62
 
RESIDENCES AT KAPALUA BAY
This is just a sample from the developer of available Residences. Please email me for a complete list of available properties.
Status MLS # Unit L Price Bds Bths Liv-SF Days On Market
ACTIVE 319899 5102 $4,275,000 3 3.50 3002 562
ACTIVE 319902 2401 $9,335,000 4 4.50 4271 562
PENDING - CONT. TO SHOW 319901 1303 $6,245,000 3 3.50 3125 365
 
RIDGE VILLAS
MLS # Status Unit L Price Sold Price Closing Date Bds Bths Liv-SF Days On Market
326113 ACTIVE 2512 $939,000 1 2.00 1125 209
327525 ACTIVE 312 $949,000 1 2.00 1125 130
328409 ACTIVE 815 $989,000 1 2.00 1162 83
323558 ACTIVE 2122 $1,050,000 1 2.00 1150 352
328839 ACTIVE 714 $1,075,000 1 2.00 1125 64
327561 ACTIVE 1812 $1,099,000 1 2.00 1125 128
327628 ACTIVE 411 $1,250,000 1 2.00 1162 124
326708 ACTIVE 622 $1,250,000 1 2.00 1150 175
328342 ACTIVE 21 13-15 $1,490,000 2 3.00 1778 88
329330 ACTIVE 311 $1,495,000 1 2.00 1162 44
328143 ACTIVE 2611 $1,525,000 1 2.00 1162 100
327127 ACTIVE 413-15 $1,575,000 2 3.00 1778 151
327961 ACTIVE 1823,24 $1,588,000 2 3.00 1756 107
326459 ACTIVE 623-24 $2,150,000 3 3.00 1922 188
326474 PENDING - CONT. TO SHOW 715 $1,195,000 1 2.00 1162 187
325972 SOLD 2311 $995,000 $950,000 2/6/2008 1 2.00 1162 185
323506 SOLD 1924 $1,275,000 $1,250,000 3/7/2008 1 2.00 1125 351
 
KAPALUA RESORT HOMES:
 
KAPALUA PLACE
No Active Listings
 
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
MLS # Status Address L Price Sold Price Closing Date Bds Bths Liv-SF Land Acres Days On Market
328371 ACT 804 JACARANDA WAY $2,595,000 3 2.00 2348 0.2537 85
322607 ACT 108 Woodrose Place $2,900,000 5 4.50 4145 0.2736 402
328738 ACT 710 Fairway Drive $2,950,000 3 3.50 3666 0.2015 67
324672 ACT 406 MONARCH PLACE $2,995,000 3 3.00 2794 0.2820 288
319927 ACT 104 WOODROSE PL $2,995,000 4 3.50 3350 0.2329 559
329687 ACT 516 Pacific Drive $3,200,000 3 3.50 3666 0.2190 26
327033 ACT 232 Crestview Road $3,950,000 3 3.00 3354 0.4478 160
327451 ACT 334 Cook Pine Drive $4,199,000 3 5.00 3391 0.2509 142
329685 ACT 514 Pacific Drive $4,200,000 4 4.50 3704 0.2181 26
327885 ACT 1206 Summer Road $4,250,000 4 5.50 3624 0.2519 111
328554 ACT 618 Silversword Drive $5,300,000 3 3.50 4100 0.2432 74
328770 ACT 238 Crestview Road $5,395,000 4 4.50 4095 0.4668 66
326943 ACT 222 Crestview $5,397,000 4 4.50 4243 0.4774 160
326777 ACT 106 Pulelehua Street $5,600,000 4 5.00 4500 0.4703 171
320776 ACT 112 Pulelehua Street $8,125,000 2 2.50 4504 0.4700 496
329278 ACT 208 CRESTVIEW ROAD $8,500,000 4 4.50 5725 0.4701 47
328737 SLD 120 Pulelehua $3,950,000 $3,850,000 2/15/2008 3 4.00 4723 0.4817 44
326639 SLD 108 Pulelehua Street $6,850,000 $6,100,000 2/28/2008 4 4.50 4486 0.5825 169
 
PLANTATION ESTATES and HONOLUA RIDGE
MLS # Status Address L Price Sold Price Closing Date Bds Bths Liv-SF Land Acres Days On Market
328757 ACT Honolua Ridge Phase II Lot 9 $7,500,000 4 4.50 3392 7.9000 66
329665 ACT 229 Plantation Club Drive $7,900,000 3 3.50 4085 2.5250 28
329568 ACT 501 Honokohau Street $8,250,000 5 6.50 6386 2.0100 34
314184 ACT 223 PLANTATION CLUB DRIVE $9,850,000 3 3.50 5366 2.1800 880
326389 ACT 231 Plantation Club Drive $12,800,000 8 8.00 12114 7.2500 193
328523 ACT 222 Plantation Club Drive $16,000,000 7 7.50 11399 2.4900 79
327520 SLD 197 Plantation Club Drive $5,900,000 $5,250,000 3/8/2008 4 5.00 4569 2.0000 131
 
KAPALUA RESORT VACANT LAND:
 
KAPALUA PLACE
No Active Listings
 
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
MLS # Status Address L Price Land Acres Days On Market Par
329998 ACTIVE 216 Crestview Rd. $1,299,000 0.281656 10 9
328109 PENDING - CONT. TO SHOW 233 Crestview $1,695,000 0.460000 101 26
 
PLANTATION ESTATES I & II
MLS # Status Address L Price Land Acres Days On Market Par
325796 ACTIVE 221 Plantation Club Drive. Lot 13 $1,473,300 2.340000 226 13
324225 ACTIVE 104 Honolua Place $1,750,000 2.175000 311 003
330027 ACTIVE 219 Plantation Club Drive $2,180,000 2.010000 9 12
324544 ACTIVE 600 Honokohau Street $2,295,000 2.340000 293 54
 
HONOLUA RIDGE PHASE I and II
Lot 24, Phase II, is the only remaining developer lot in Honolua Ridge
MLS # Status Address L Price Land Acres Days On Market Par
323674 ACTIVE Lot 12 Honolua Ridge II $1,895,000 3.840000 347 12
325804 ACTIVE Lot 13 Honolua Ridge, phase I $1,965,000 6.690000 227 13
321807 ACTIVE 0 Honolua Ridge Phase I $2,100,000 4.337000 438 41
322831 ACTIVE 0 Honolua Ridge Phase I $2,295,000 5.700000 390 41
328328 ACTIVE Lot 4 Honolua Ridge II $2,300,000 3.300000 88 4
328202 ACTIVE Lot 6 Honolua Ridge II $2,400,000 8.280000 97 6
326611 ACTIVE 107 Ke'oawa Place $2,495,000 4.504000 181 6
327574 ACTIVE 117 Ke'oawa Pl., HR Lot 1, Phase 1 $2,695,000 7.070000 129 1
323902 ACTIVE Lot 11 Honolua Ridge Phase I $2,795,000 15.386000 332 11
326058 ACTIVE Lot 7 Honolua Ridge II $3,300,000 6.090000 213 7
316411 ACTIVE Lot 24 Honolua Ridge II $5,000,000 25.400000 767 tbd
Maps and photos of the development can be found online at www.kapaluarealty.com
 
OTHER AREAS OF WEST MAUI (OUTSIDE OF THE KAPALUA RESORT):
 
OCEANFRONT HOMES:
MLS # Status Address L Price Bds Bths Liv-SF Land Acres Days On Market
329862 ACT 1045 Front St $3,700,000 2 1.00 743 0.1990 17
315539 ACT 1429 Front Street $3,900,000 3 3.00 1700 0.2039 809
326970 ACT 19 Hale Malia Place $4,895,000 4 3.00 3890 0.3039 160
329268 ACT 355 Front Street $5,200,000 2 2.00 1485 0.3577 47
326820 ACT 1391 Front Street $5,400,000 3 3.00 2609 0.1900 166
328500 ACT 39724 Honoapiilani Highway $5,550,000 3 3.75 2627 0.9000 80
329073 ACT 4591 S Lower Honoapiilani Road $5,995,000 5 4.50 4400 0.2943 54
330010 ACT 4025 Lower Honoapiilani Road $7,595,000 2 1.00 816 0.8560 9
328366 ACT 35 PAPAUA PLACE $7,995,000 5 5.00 3702 0.2120 86
324103 ACT 1181 HALEPAKA STREET $9,600,000 4 4.50 2380 0.2490 319
322056 ACT 1189 HALEPAKA PLACE $9,900,000 4 4.50 2814 0.3444 429
312915 ACT 4851 LOWER HONOAPIILANI ROAD $9,900,000 5 4.50 6400 0.5849 1032
322350 ACT 49 HALE MALIA PLACE $9,995,000 4 4.50 4435 0.2400 415
328829 ACT 4039 Lower Honoapiilani Road $12,900,000 4 5.50 5418 0.9500 66
326284 ACT 6291 Honoapiilani (Alaelae Peninsula) $14,000,000 4 4.50 4351 3.4500 199
323918 ACT 40 KAI ALA PLACE $18,600,000 4 5.50 5348 0.9580 332
325386 ACT 20 Kai Ala Drive $23,800,000 8 9.50 11076 0.9770 252
315971 PNDS 4591 N Lower Honoapiilani Road $4,395,000 6 4.50 4400 0.2500 786
 
OCEANFRONT LOTS
MLS # Status Address L Price Land Acres Days On Market Par
321778 ACTIVE Lot 4 C Olowalu $5,200,000 2.000000 442 6
326556 ACTIVE 10 Kai Ala Place $8,500,000 1.160000 184 1
 
CONDOMINIUMS
MASTERS at KAANAPALI HILLSIDE
MLS # Status Unit L Price Sold Price Closing Date Bds Bths Liv-SF Days On Market
328882 ACTIVE 3703 $795,000 1 1.00 923 61
325531 ACTIVE 2003 $825,000 1 1.50 901 241
328204 ACTIVE 3803 $875,000 1 1.00 901 96
327535 ACTIVE 3904 $950,000 1 1.00 901 129
320209 ACTIVE 3902 $985,000 2 2.00 1269 538
326070 ACTIVE 1503 $1,025,000 2 2.00 1544 209
326849 ACTIVE 1203 $1,175,000 2 2.00 1512 165
326021 ACTIVE 905 $1,225,000 2 2.00 1544 213
328434 ACTIVE 1004 $1,235,000 2 2.00 1512 82
327079 ACTIVE 1306 $1,249,000 2 2.00 1544 153
329285 ACTIVE 1804 $1,250,000 2 2.00 1512 46
325437 ACTIVE 3801 $1,250,000 2 2.00 1451 249
327851 ACTIVE 1708 $1,297,000 2 2.00 1269 113
329446 ACTIVE 2903 $1,297,000 2 2.00 1512 38
328427 ACTIVE 3004 $1,305,000 2 2.00 1512 82
328205 ACTIVE 2705 $1,310,000 2 2.00 1512 96
326022 ACTIVE 1504 $1,325,000 2 2.00 1544 213
329526 ACTIVE 2606 $1,537,000 2 2.00 1728 35
322754 ACTIVE 3304 $1,595,000 2 2.50 1850 395
327396 PENDING - CONT. TO SHOW 2302 $1,475,000 2 2.00 1544 138
328093 SOLD 3807 $1,295,000 $1,165,000 2/28/2008 2 2.00 1269 92
 
Whaler at Kaanapali Beach
MLS # Status Unit L Price Sold Price Closing Date Bds Bths Liv-SF Days On Market
323665 ACTIVE 418 $591,000 0 1.00 542 345
328453 ACTIVE 163 $595,000 0 1.00 542 81
327955 ACTIVE 365 $695,000 0 1.00 542 109
327488 ACTIVE 162 $700,000 0 1.00 523 134
326991 ACTIVE 269 $985,000 1 2.00 905 158
328285 ACTIVE 624 $1,125,000 1 2.00 905 90
326878 ACTIVE 519 $1,150,000 1 1.00 901 166
325702 ACTIVE 770 $1,180,000 1 2.00 905 232
327159 ACTIVE 359 $1,200,000 1 1.00 901 150
324070 ACTIVE 470 $1,295,000 1 2.00 905 321
327017 ACTIVE 459 $1,295,000 1 1.00 901 158
330040 ACTIVE 1170 $1,298,000 1 2.00 905 9
329930 ACTIVE 724 $1,395,000 1 2.00 905 12
324298 ACTIVE 657 $1,475,000 1 2.00 905 307
329389 ACTIVE 408 $1,495,000 1 2.00 905 41
328887 ACTIVE 223 $1,495,000 2 2.00 1444 61
329754 ACTIVE 1112 $1,495,000 1 2.00 908 23
329781 ACTIVE 411 $1,500,000 1 2.00 905 20
327487 ACTIVE 560 $1,500,000 1 2.00 905 134
329434 ACTIVE 619 $1,550,000 1 1.00 901 39
328147 ACTIVE 859 $1,695,000 1 1.00 901 104
323742 ACTIVE 456 $1,749,000 1 1.00 901 342
326718 ACTIVE 821/823 $2,777,000 2 2.00 1444 173
329530 ACTIVE 1221/23 $3,395,000 2 2.00 1444 37
312479 PENDING - CONT. TO SHOW 515 $765,000 0 1.00 523 977
325703 PENDING - CONT. TO SHOW 451 $1,995,000 1 2.00 941 232
325335 SOLD 720 $845,000 $820,000 2/26/2008 1 1.00 901 244
327046 SOLD 169 $847,000 $739,000 2/27/2008 1 2.00 905 148
326907 SOLD 765 $650,000 $610,000 3/7/2008 0 1.00 542 161
 
NEW DEVELOPMENT:
Village at Kapalua:
Conceptual plans for the Village at Kapalua are underway, finally turning the vision of a village center into reality. At the top of the property where the plantation manager's home once stood (Pineapple Hill Restaurant), will be the Manor House at Maka'oi'oi. This plantation style home will provide meeting rooms, a library, pool complex, and areas for social gatherings. The upper floors will be gracefully appointed condominium homes. Adjacent buildings will provide approximately 47 one, two and three bedroom condominiums. Below Simpson Way, across from the Golf Academy, is a series of planned neighborhoods with a variety of condominium styles, featuring approximately 8 luxury two to three bedroom condominiums and a limited number of townhomes overlooking hole #2 of the Bay Course. Plans include expansion of the town center, just above the Honolua Store, with a variety of small specialty shops, boutiques, and cafes. For more information or to register your interest, please don't hesitate to contact me.
 
Kaanapali:
The Villas at Royal Lahaina is a new project at a fantastic beach, Kekaa, the other side of Kaanapali's famous black rock. Plans are to replace the existing beach cottages with low rise, cottage style condominiums. The hotel will remain along with a new pool and tennis courts. www.royallahainavillas.com
 
Makena/Wailea:
In Makena, the new development "Maluaka" is an 11 acre site with 69 residences planned, separated from the shoreline by the Makena South Golf Course. Residences (2-4 story buildings) and Bungalows will range from 3000-6000 square feet. Pricing is in rage with the Residences at Kapalua Bay (4-11 million, with the majority in the 5-6,000,000 range). A club and concierge are part of the plans. For more information and availability, visit www.maluaka.com If a particular unit is of interest, please let me know and I will request the pricing from the developer.
There is also new development in Wailea, with the Baccarat Wailea Beach Resort replacing the Renaissance. This new development will consist of 193 1-4 bedroom condominium residences with pools, restaurants, spa. Over $300 million in real estate was sold in the first sales event. www.baccaratwailea.com There are still units available. Please contact me with any questions.
 
All information is taken from the Maui Multiple Listing Service, and is deemed accurate, but is subject to change and should not be relied upon without verification. 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.