JANUARY, 2009
Aloha from Kapalua! I hope that this finds you and your family enjoying a happy and healthy new year. Personally much has changed for me in this new year: I sold my home in Kaanapali, and found myself moving on the first of January to Kapalua. After working at Kapalua Realty since 2000, this is the first year that I have actually lived in the resort, and I absolutely love it! Each day, I marvel at how gorgeous my surroundings are, and am particularly fond of the walking and hiking trails that are now one of the resort's most popular activities.
In real estate news, The Kapalua Resort and Maui real estate markets have not been immune to the global economic climate. With just one closed escrow in January, a Golf Villa for $620,000 and one new escrow, a home in Pineapple Hill, this historically busy season has been slow. However, interest rates are at a low, and an increased inventory provides buyers with a far greater selection that in previous years.
The following is the MLS activity for the month of January: over the last month, there were 14 new listings, ranging from a low of $599,000 for a Golf Villa one-bedroom to a high of $7,110,000 for a three bedroom Rtiz-Carlton Residence, Kapalua Bay. There have been 23 properties that have reduced their asking prices: one at the Ironwoods, two Pineapple Hill Homes and two lots, four Golf Villas, six Bay Villas, and seven Ridge Villas. There were three price increases: one at the Bay Villas, and two at the Ritz-Carlton Residences, Kapalua Bay. Finally, there are the before mentioned one new escrow at the Pineapple Hill, and sale of the Golf Villa one bedroom at $620,000.
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. I specialize in the Kapalua Resort, but also work across the island. 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 fantastic recipe from pacifc O' restaurant in Local Flavors.
Aloha,
Courtney
KAPALUA RESORT, KAANAPALI AND WEST MAUI OCEANFRONT MARKET UPDATE
KAPALUA RESORT CONDOMINIUMS:
COCONUT GROVE
| MLS # | Status | Unit | L Price | Bds | Baths | Liv-SF | Days On Market |
| 334106 | ACTIVE | 12 | $3,600,000 | 3 | 3.50 | 2638 | 102 |
| 335507 | ACTIVE | 5 | $3,650,000 | 3 | 3.00 | 2312 | 24 |
| 334418 | ACTIVE | 30 | $5,300,000 | 3 | 3.50 | 2625 | 89 |
| 335200 | ACTIVE | 15 | $5,850,000 | 3 | 3.50 | 2280 | 44 |
| 334417 | ACTIVE | 23 | $6,300,000 | 3 | 3.50 | 2280 | 89 |
BAY VILLAS
| MLS # | Status | Unit | L Price | Bds | Baths | Liv-SF | Days On Market |
| 331713 | ACTIVE | 16G2 | $850,000 | 1 | 1.00 | 989 | 248 |
| 329968 | ACTIVE | 37G2 | $899,000 | 1 | 1.00 | 989 | 340 |
| 335836 | ACTIVE | 25B4 | $975,000 | 1 | 1.00 | 1006 | 6 |
| 328962 | ACTIVE | 29G4 | $995,000 | 1 | 1.00 | 1006 | 388 |
| 335054 | ACTIVE | 33G1 | $1,099,000 | 1 | 2.00 | 1118 | 48 |
| 330161 | ACTIVE | 31B1 | $1,125,000 | 1 | 1.00 | 1006 | 332 |
| 335537 | ACTIVE | 17-G-4 | $1,225,000 | 1 | 1.00 | 1006 | 25 |
| 335028 | ACTIVE | 17G5 | $1,290,000 | 1 | 2.00 | 1206 | 51 |
| 331023 | ACTIVE | 32B3 | $1,350,000 | 1 | 1.50 | 995 | 289 |
| 332760 | ACTIVE | 28G3 | $1,375,000 | 1 | 1.50 | 1320 | 195 |
| 312429 | ACTIVE | 20G4 | $1,395,000 | 1 | 1.00 | 1006 | 1312 |
| 329222 | ACTIVE | 34B4 | $1,445,000 | 1 | 1.00 | 1006 | 379 |
| 329575 | ACTIVE | 30G2 | $1,449,000 | 1 | 1.00 | 1006 | 361 |
| 328790 | ACTIVE | 14B1 | $1,475,000 | 1 | 1.00 | 1006 | 394 |
| 331795 | ACTIVE | 23G2 | $1,595,000 | 1 | 1.00 | 983 | 244 |
| 331765 | ACTIVE | 24 B1,2 | $1,599,000 | 2 | 3.00 | 1447 | 243 |
| 335203 | ACTIVE | 21G5 | $1,650,000 | 1 | 2.00 | 1206 | 42 |
| 331810 | ACTIVE | 23B1 | $1,749,000 | 1 | 1.00 | 1006 | 244 |
| 335536 | ACTIVE | 25-B-3 | $1,750,000 | 1 | 2.00 | 1096 | 24 |
| 331638 | ACTIVE | 12B 1&2 | $1,795,000 | 2 | 3.00 | 1569 | 251 |
| 328372 | ACTIVE | 15G123 | $1,795,000 | 2 | 3.00 | 1529 | 414 |
| 333733 | ACTIVE | 16G3-5 | $1,949,000 | 2 | 3.00 | 1619 | 123 |
| 325733 | ACTIVE | 35G3,4,5 | $1,950,000 | 2 | 3.00 | 1529 | 558 |
| 331840 | ACTIVE | 22G4 | $1,995,000 | 1 | 1.00 | 1006 | 243 |
| 333882 | ACTIVE | 30 G3-5 | $2,195,000 | 2 | 3.00 | 1529 | 118 |
| 335492 | ACTIVE | 16 B 2-3-4 | $2,275,000 | 2 | 2.50 | 1503 | 25 |
| 333951 | ACTIVE | 14B3-4 | $2,490,000 | 2 | 3.00 | 1750 | 111 |
GOLF VILLAS
| MLS # | Status | Unit | L Price | Sold Price | Closing Date | Bds | Baths | Liv-SF | Days On Market |
| 334428 | ACTIVE | 26T1,2 | $575,000 | 1 | 2.00 | 972 | 83 | ||
| 324080 | ACTIVE | 11T6-7 | $599,000 | 1 | 2.00 | 972 | 654 | ||
| 333827 | ACTIVE | 27V3 | $599,000 | 1 | 1.50 | 899 | 117 | ||
| 335715 | ACTIVE | 12V3 | $599,000 | 1 | 1.50 | 899 | 12 | ||
| 331610 | ACTIVE | 16V1 | $649,000 | 1 | 1.50 | 899 | 255 | ||
| 332329 | ACTIVE | 18V-4 | $675,000 | 1 | 1.50 | 899 | 218 | ||
| 320974 | ACTIVE | 15T3,4 | $690,000 | 1 | 2.00 | 972 | 811 | ||
| 322416 | ACTIVE | 21T5-6 | $749,000 | 1 | 2.00 | 972 | 740 | ||
| 334619 | ACTIVE | 20P1,2 | $750,000 | 2 | 2.00 | 1440 | 73 | ||
| 335889 | ACTIVE | 25P 3-4 | $750,000 | 2 | 2.00 | 1344 | 4 | ||
| 333224 | ACTIVE | 19 V1 | $750,000 | 1 | 1.50 | 899 | 160 | ||
| 334496 | ACTIVE | 18P3&4 | $780,000 | 2 | 2.00 | 1407 | 79 | ||
| 324378 | ACTIVE | 17 P5,6 | $795,000 | 2 | 2.00 | 1432 | 633 | ||
| 330347 | ACTIVE | 21P1,2 | $795,000 | 2 | 2.00 | 1344 | 324 | ||
| 331680 | ACTIVE | 12T5,6 | $799,000 | 1 | 2.00 | 972 | 248 | ||
| 335919 | ACTIVE | 27T7 | $825,000 | 1 | 1.50 | 987 | 1 | ||
| 321922 | ACTIVE | 12T2 | $850,000 | 1 | 1.50 | 987 | 762 | ||
| 335204 | ACTIVE | 15V3 | $850,000 | 1 | 2.00 | 899 | 42 | ||
| 326218 | ACTIVE | 16P3,4 | $890,000 | 2 | 2.00 | 1344 | 530 | ||
| 332739 | ACTIVE | 26P1,2 | $899,000 | 2 | 2.00 | 1344 | 190 | ||
| 324755 | ACTIVE | 14P5,6 | $900,000 | 2 | 2.00 | 1344 | 611 | ||
| 335128 | ACTIVE | 14T6,7 | $939,000 | 2 | 2.00 | 1344 | 46 | ||
| 332234 | ACTIVE | 25T4,5 | $999,999 | 2 | 2.00 | 1032 | 220 | ||
| 329083 | ACTIVE | 23T3 | $999,999 | 2 | 2.00 | 1350 | 383 | ||
| 334464 | ACTIVE | 18P5,6 | $1,072,000 | 2 | 2.00 | 1344 | 80 | ||
| 334401 | ACTIVE | 18P7/8 | $1,080,000 | 2 | 2.00 | 1344 | 86 | ||
| 329590 | ACTIVE | 19T4,5 | $1,100,000 | 1 | 2.00 | 972 | 360 | ||
| 335127 | ACTIVE | 14P7,8 | $1,245,000 | 2 | 2.00 | 1344 | 46 | ||
| 329555 | ACTIVE | 20P5,6 | $1,250,000 | 2 | 2.00 | 1344 | 363 | ||
| 333475 | ACTIVE | 17V-2 | $1,280,000 | 2 | 2.00 | 1880 | 140 | ||
| 328819 | ACTIVE | 11T5 | $1,350,000 | 3 | 2.00 | 2000 | 393 | ||
| 333019 | ACTIVE | 23T6,7 | $1,400,000 | 2 | 2.00 | 1344 | 173 | ||
| 333856 | SOLD | 14V1 | $715,000 | $620,000 | 1/7/2009 | 1 | 1.50 | 899 | 91 |
IRONWOODS
| MLS # | Status | Unit | L Price | Bds | Baths | Liv-SF | Days On Market |
| 335855 | ACTIVE | 83 | $2,950,000 | 2 | 3.00 | 2482 | 5 |
| 328864 | ACTIVE | 14 | $3,150,000 | 2 | 3.00 | 1935 | 391 |
| 328858 | ACTIVE | 24 | $3,225,000 | 2 | 3.00 | 2102 | 391 |
| 335542 | ACTIVE | 52 | $3,300,000 | 2 | 3.00 | 2336 | 23 |
| 334037 | ACTIVE | 53 | $3,549,000 | 2 | 3.00 | 1998 | 107 |
| 331771 | ACTIVE | 23 | $3,995,000 | 2 | 3.00 | 2264 | 244 |
| 334309 | ACTIVE | 22 | $4,150,000 | 2 | 3.00 | 1935 | 92 |
RIDGE VILLAS
| MLS # | Status | Unit | L Price | Bds | Baths | Liv-SF | Days On Market |
| 332868 | ACTIVE | 2512 | $785,000 | 1 | 2.00 | 1125 | 184 |
| 331689 | ACTIVE | 2712 | $925,000 | 1 | 2.00 | 1125 | 248 |
| 328409 | ACTIVE | 815 | $949,000 | 1 | 2.00 | 1162 | 412 |
| 333266 | ACTIVE | 1812 | $975,000 | 1 | 2.00 | 1125 | 156 |
| 335801 | ACTIVE | 714 | $995,000 | 1 | 2.00 | 1125 | 9 |
| 332594 | ACTIVE | 1512 | $999,000 | 1 | 2.00 | 1125 | 200 |
| 333502 | ACTIVE | 524 | $1,050,000 | 1 | 2.00 | 1125 | 139 |
| 333958 | ACTIVE | 1914 | $1,125,000 | 1 | 2.00 | 1125 | 114 |
| 328143 | ACTIVE | 2611 | $1,150,000 | 1 | 2.00 | 1162 | 429 |
| 334051 | ACTIVE | 622 | $1,225,000 | 1 | 2.00 | 1150 | 105 |
| 330735 | ACTIVE | 2214 | $1,300,000 | 1 | 2.00 | 1125 | 305 |
| 328342 | ACTIVE | 21 13-15 | $1,300,000 | 2 | 3.00 | 1778 | 417 |
| 332933 | ACTIVE | 1511 | $1,350,000 | 1 | 2.00 | 1162 | 181 |
| 332864 | ACTIVE | 2313-15 | $1,495,000 | 2 | 3.00 | 1778 | 184 |
| 331426 | ACTIVE | 221-23 | $1,495,000 | 2 | 3.00 | 1906 | 264 |
| 334778 | ACTIVE | 921-23 | $1,500,000 | 2 | 3.00 | 1778 | 62 |
| 330613 | ACTIVE | 2723-24 | $1,500,000 | 2 | 3.00 | 1756 | 310 |
| 331313 | ACTIVE | 1213-15 | $1,995,000 | 2 | 3.00 | 1778 | 271 |
| 326459 | ACTIVE | 623-24 | $1,995,000 | 3 | 3.00 | 1922 | 517 |
THE RESIDENTIAL SUITES AT THE RITZ-CARLTON®, KAPALUA
| MLS # | Status | Unit | L Price | Bds | Baths | Liv-SF | Days On Market |
| 334072 | ACTIVE | 1602 | $950,000 | 1 | 1.00 | 872 | 106 |
| 334856 | ACTIVE | 1221-23 | $1,990,000 | 2 | 2.00 | 1323 | 60 |
| 333954 | ACTIVE | 1321-23 | $2,150,000 | 2 | 2.00 | 1323 | 111 |
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 | Baths | Liv-SF | Days On Market |
| 319899 | ACTIVE | 5102 | $4,285,000 | 3 | 3.50 | 3002 | 891 |
| 335320 | ACTIVE | 1303 | $6,900,000 | 3 | 3.50 | 3125 | 33 |
| 335444 | ACTIVE | 1403 | $7,110,000 | 3 | 3.50 | 3002 | 25 |
| 319902 | ACTIVE | 2401 | $9,395,000 | 4 | 4.50 | 4271 | 891 |
| 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 | Baths | Liv-SF | Land Acres | Days On Market |
| 334064 | ACT | 7 Kapalua Place | $19,500,000 | 5 | 6.50 | 7499 | 0.6488 | 107 |
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
| MLS # | Status | Address | L Price | Bds | Baths | Liv-SF | Land Acres | Days On Market |
| 324672 | ACT | 406 MONARCH PLACE | $2,490,000 | 3 | 3.00 | 2794 | 0.2820 | 617 |
| 331282 | ACT | 104 Woodrose Place | $2,495,000 | 4 | 3.50 | 3314 | 0.2329 | 275 |
| 331656 | ACT | 804 JACARANDA WAY | $2,495,000 | 3 | 2.00 | 2348 | 0.2537 | 249 |
| 334266 | ACT | 1200 Summer Road | $2,750,000 | 3 | 3.50 | 3321 | 0.3778 | 93 |
| 328738 | ACT | 710 Fairway Drive | $2,950,000 | 3 | 3.50 | 3666 | 0.2015 | 396 |
| 329687 | ACT | 516 Pacific Drive | $2,950,000 | 3 | 3.50 | 3666 | 0.2190 | 355 |
| 330289 | ACT | 102 Woodrose Place | $3,300,000 | 3 | 3.50 | 3812 | 0.2642 | 325 |
| 334160 | ACT | 1000 Sunset Place | $3,500,000 | 4 | 4.50 | 3368 | 0.3072 | 104 |
| 327033 | ACT | 232 Crestview Road | $3,800,000 | 3 | 3.00 | 3354 | 0.4478 | 489 |
| 334434 | ACT | 334 Cook Pine Drive | $3,895,000 | 4 | 5.00 | 3493 | 0.2509 | 83 |
| 334617 | ACT | 614 Silversword | $3,895,000 | 3 | 4.50 | 3426 | 0.2324 | 71 |
| 334066 | ACT | 402 MONARCH PLACE | $3,995,000 | 4 | 4.50 | 3712 | 0.2556 | 104 |
| 327885 | ACT | 1206 Summer Road | $3,995,000 | 4 | 5.50 | 3624 | 0.2519 | 440 |
| 334013 | ACT | 228 Crestview Drive | $4,195,000 | 4 | 4.50 | 3939 | 0.4695 | 108 |
| 329685 | ACT | 514 Pacific Drive | $4,200,000 | 4 | 4.50 | 3704 | 0.2181 | 355 |
| 335288 | ACT | 233 CRESTVIEW ROAD | $4,250,000 | 4 | 4.00 | 4400 | 0.4600 | 34 |
| 335238 | ACT | 618 Silversword Drive | $4,475,000 | 3 | 3.50 | 4100 | 0.2432 | 40 |
| 335591 | ACT | 224 Crestview Road | $4,500,000 | 4 | 3.50 | 4260 | 0.4456 | 19 |
| 334119 | ACT | 116 Pulelehua Street | $4,790,000 | 4 | 4.50 | 4081 | 0.4716 | 102 |
| 333284 | ACT | 238 Crestview Road | $4,795,000 | 4 | 4.50 | 4055 | 0.4668 | 155 |
| 334015 | ACT | 106 Pulelehua Street | $5,200,000 | 4 | 5.00 | 4500 | 0.4703 | 108 |
| 331926 | PNDNS | 604 Silversword Drive | $2,950,000 | 4 | 4.50 | 3458 | 0.2499 | 237 |
PLANTATION ESTATES I & II and HONOLUA RIDGE I & II
| MLS # | Status | Address | L Price | Bds | Baths | Liv-SF | Land Acres | Days On Market |
| 333766 | ACT | 231 KAUPALENA PL | $5,495,000 | 4 | 4.50 | 5253 | 7.9000 | 123 |
| 334006 | ACT | 94 Keoawa | $6,800,000 | 6 | 6.00 | 7199 | 3.9713 | 108 |
| 329568 | ACT | 501 Honokohau Street | $7,400,000 | 5 | 6.50 | 6386 | 2.0100 | 363 |
| 329665 | ACT | 229 Plantation Club Drive | $7,500,000 | 3 | 3.50 | 4085 | 2.5250 | 357 |
| 330738 | ACT | 410 Namalu Place | $7,900,000 | 4 | 4.50 | 4709 | 2.6910 | 303 |
| 332085 | ACT | 708 Mokuleia Place | $8,950,000 | 5 | 5.50 | 7800 | 2.1000 | 228 |
| 333834 | ACT | 212 Plantation Club Drive | $10,700,000 | 4 | 4.50 | 4790 | 2.0200 | 118 |
| 334647 | ACT | 226 Keoawa Street | $12,000,000 | 6 | 6.00 | 13,705 | 5.9600 | 68 |
| 334124 | ACT | 305 Plantation Estates Drive | $12,250,000 | 5 | 8.00 | 8610 | 2.0100 | 102 |
| 328523 | ACT | 222 Plantation Club Drive | $16,000,000 | 7 | 7.50 | 11,399 | 2.4900 | 408 |
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 | $950,000 | 0.280000 | 151 | 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 | $1,290,000 | 2.180000 | 180 | 003 |
| 330637 | ACTIVE | 122 Keoawa St. ( Lot #18 Phase I) | $1,325,000 | 5.580000 | 307 | 018 |
| 330878 | ACTIVE | Lot 3 Honolua Ridge Phase I lot 3 | $1,400,000 | 3.400000 | 296 | 003 |
| 335155 | ACTIVE | 98 Keoawa Place (HRI, lot # 8) | $1,550,000 | 4.200000 | 45 | 008 |
| 335041 | ACTIVE | 110 Ke'oawa | $1,600,000 | 4.337000 | 48 | 015 |
| 335355 | ACTIVE | lot 10 Honolua Ridge Phase 1 | $1,640,000 | 3.500000 | 30 | 041 |
| 332485 | ACTIVE | 101 Ke'oawa Place | $1,650,000 | 9.300000 | 206 | 012 |
| 335163 | ACTIVE | 111 Keoawa Place (HRI, lot # 4) | $1,750,000 | 3.400000 | 45 | 041 |
| 334628 | ACTIVE | 102 Kapahiki Street (HRI, Lot # 13) | $1,825,000 | 6.690000 | 69 | 013 |
| 323674 | ACTIVE | Lot 12 Honolua Ridge II | $1,895,000 | 3.840000 | 676 | 012 |
| 332486 | ACTIVE | 228 Keoawa Street | $2,300,000 | 6.260000 | 206 | 022 |
| 331516 | ACTIVE | Lot 19 Honolua Ridge Phase 1 lot 19 | $2,400,000 | 3.230000 | 261 | 019 |
| 333864 | ACTIVE | 710 Mokuleia Place | $3,500,000 | 4.390000 | 116 | 061 |
| 316411 | ACTIVE | Lot 24 Honolua Ridge II | $4,500,000 | 25.400000 | 1096 | tbd |
| 334069 | ACTIVE | PHASE II B PLANTATION ESTATES | $14,995,000 | 75.700000 | 104 | 068 |
WEST MAUI OCEANFRONT HOMES AND LOTS
KAANAPALI RESORT PROPERTY
All information is taken from the Maui Multiple Listing Service on February 1, 2009, 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.