June, 2007

Aloha from Kapalua!

It's a gorgeous summer here in Kapalua. To update you on the real estate market, a summer sales incentive has been announced that offers the next six purchasers of a Residence at Kapalua Bay an Affiliate Level membership with Exclusive Resorts (approximately a $250,000 value). This program runs until August 31, 2007. Please don't hesitate to contact me with any questions or for a current list of available properties.
Additionally, this past month has seen an increase in activity in large lot sales here in Kapalua, with all of the remaining developer lots in Honolua Ridge II, save two, placed under contract, and two closings at the Plantation Estates.
The Ritz Carlton Hotel is still scheduled to close in July for an anticipated $95 million renovation, which will include transforming one wing into 107 one and two bedroom suites that will soon be available for purchase. Pricing is still not yet available, though we are taking a list of interested parties.
Outside of the resort, the Royal Lahaina in Kaanapali will be undergoing a redevelopment shortly, turning the charming old beach cottages into similarly styled condominiums, www.royallahainavillas.com . Pricing is in the $2-10,000,000 range and the initial release is scheduled for June 14, 2007. If you have any interest, let me know and I'll send you the interest registration forms.
Finally, on a personal note, I am so pleased to announce that there a new artist on the island, www.sarahkhoward.com My mother began painting just two years ago, when she moved back to Maui for her retirement. If you know of anyone that is interested in island art, I would be so grateful if you passed along her website.
As always, a market summary and information on Kapalua and new developments follows. 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 Beds Baths Liv A SF Days On Market
323125 ACTIVE 32G4 $1,000,000 1 1.00 1006 98
321593 ACTIVE 12-B4 $1,099,000 1 1.00 1006 174
323702 ACTIVE 16G2 $1,399,000 1 1.00 989 66
317987 ACTIVE 34B4 $1,425,000 1 1.00 1006 404
312429 ACTIVE 20G4 $1,495,000 1 1.00 1006 706
324192 ACTIVE 19G-4 $1,550,000 1 1.00 989 36
322345 ACTIVE 34G4 $1,595,000 1 1.00 1006 138
315932 ACTIVE 36B3 $1,725,000 1 2.00 1229 511
321390 ACTIVE 21G5 $1,850,000 1 2.00 993 183
323781 ACTIVE 17B1,2 $2,195,000 2 3.00 1447 64
321319 ACTIVE 24B1,2 $2,390,000 2 3.00 1447 188
324682 ACTIVE 33B3,4 $2,390,000 2 3.00 1750 11
315931 ACTIVE 30G3-5 $2,650,000 2 3.00 1529 511
 
COCONUT GROVE
MLS # Status Unit L Price Beds Baths Liv A SF Days On Market
323222 ACTIVE 11 $4,200,000 3 3.50 2280 93
323873 ACTIVE 18 $5,600,000 3 3.50 2638 58
 
GOLF VILLAS
MLS # Status Unit L Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
323188 ACTIVE 12T5,6 $699,000 1 2.00 972 95
324307 ACTIVE 27V3 $729,000 1 1.50 899 30
324080 ACTIVE 11T6-7 $775,000 1 2.00 972 48
324557 ACTIVE 16V-1 $870,000 1 1.50 899 16
321577 ACTIVE 21V3 $870,000 1 1.50 899 174
320974 ACTIVE 15T3,4 $875,000 1 2.00 972 205
321922 ACTIVE 12T2 $879,000 1 1.50 987 156
319620 ACTIVE 21 T 1,2 $889,000 1 2.00 972 305
322416 ACTIVE 21T5-6 $899,000 1 2.00 972 134
323703 ACTIVE 16P-1,2 $998,080 2 2.00 1344 66
324372 ACTIVE 19P1,2 $999,000 2 2.00 1344 28
324755 ACTIVE 14P5,6 $1,100,000 2 2.00 1344 5
324378 ACTIVE 17 P5,6 $1,150,000 2 2.00 1432 27
322943 ACTIVE 26P1,2 $1,175,000 2 2.00 1344 109
323025 ACTIVE 18P3-4 $1,188,000 2 2.00 1407 105
322475 ACTIVE 20 P1,2 $1,299,000 2 2.00 1344 132
321999 ACTIVE 27P7,8 $1,388,000 2 2.00 1344 153
321768 ACTIVE 27P1&2 $1,495,000 2 2.00 1344 166
323397 ACTIVE 20P3,4 $1,498,000 2 2.00 1419 83
321415 ACTIVE 18P5,6 $1,562,000 2 2.00 1344 182
323247 PENDING - DO NOT SHOW 25T4,5 $730,000 1 2.00 972 90
323650 SOLD 17P1,2 $995,000 $950,000 5/30/2007 2 2.00 1419 61
 
IRONWOODS
MLS # Status Unit L Price Beds Baths Liv A SF Days On Market
322140 ACTIVE 83 $3,400,000 2 3.00 2482 148
319270 ACTIVE 92 $3,500,000 2 3.00 1805 326
312950 ACTIVE 24 $3,650,000 2 3.00 2102 672
319905 PENDING - CONT. TO SHOW 11 $2,990,000 3 4.00 2400 258
 
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.
MLS # Status Unit L Price Beds Baths Liv A SF Days On Market
319899 ACTIVE 5102 $4,275,000 3 3.50 3002 285
322886 ACTIVE 1403 $7,100,000 3 3.50 3125 111
319902 ACTIVE 2401 $9,335,000 4 4.50 4271 285
319901 PENDING 1303 $6,245,000 3 3.50 3125 285
 
RIDGE VILLAS
MLS # Status Unit L Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
323506 ACTIVE 50% Interest 1924 $565,000 1 2.00 1125 76
321578 ACTIVE 1812 $1,139,000 1 2.00 1125 174
319320 ACTIVE 2311 $1,145,000 1 2.00 1162 322
323558 ACTIVE 2122 $1,145,000 1 2.00 1150 75
316330 ACTIVE 2012 $1,150,000 1 2.00 1125 495
323369 ACTIVE 622 $1,175,000 1 2.00 1150 85
316232 ACTIVE 815 $1,198,000 1 2.00 1162 496
319742 ACTIVE Leasehold 1615 $1,200,000 1 2.00 1162 301
320566 ACTIVE 411 $1,250,000 1 2.00 1125 237
322490 ACTIVE 21 13-15 $1,445,000 2 3.00 1778 132
322000 ACTIVE 1823-24 $1,588,000 2 3.00 1756 153
323640 ACTIVE 1513-15 $1,850,000 2 3.00 1778 72
322850 ACTIVE 2613-15 $2,100,000 2 3.00 1778 114
321584 PENDING 214 $1,075,000 1 2.00 1125 176
318526 PENDING 714 $799,000 1 2.00 1125 370
321039 PENDING 2323-24 $1,500,000 2 3.00 1756 203
323251 SOLD 1713-15 $1,600,000 $1,500,000 5/15/2007 2 3.00 2225 68
 
KAPALUA RESORT HOMES:
 
KAPALUA PLACE
No Active Listings
 
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
MLS # Status Address List Price Sold Price Closing Date Bds Bths Liv A SF Land Acres Days On Market Par
321812 ACT 804 Jacaranda $2,695,000 3 2.00 2348 0.2537 161 33
319927 ACT 104 Woodrose $2,995,000 4 3.50 3350 0.2329 282 97
322607 ACT 108 Woodrose $3,200,000 5 4.50 4145 0.2736 125 095
324672 ACT 406 Monarch $3,390,000 3 3.00 2794 0.2820 11 12
320512 ACT 204 Crestview $3,995,000 3 3.50 3078 0.2536 240 3
318510 ACT 328 Cook Pine $4,250,000 4 4.50 3620 0.2874 370 84
320303 ACT 232 Crestview $4,250,000 3 3.00 3354 0.4478 254 16
321575 ACT 228 Crestview $4,550,000 4 4.50 4003 0.4695 175 14
321521 ACT 120 Pulelehua $4,595,000 3 4.00 4400 0.4817 178 29
315859 ACT 1012 Sunset $4,750,000 4 4.50 4166 0.3461 513 42
321672 ACT 618 Silversword $5,200,000 3 4.00 4100 0.2432 169 25
321971 ACT 106 Pulelehua $5,600,000 4 5.00 4500 0.4703 154 6
319942 ACT 222 Crestview $5,997,000 4 4.50 4243 0.4774 282 11
320776 ACT 112 Pulelehua $7,900,000 2 2.50 4504 0.4700 219 3
316862 PNDS 110 Woodrose $2,550,000 3 3.50 3308 0.2287 463 94
318250 SLD 604 Silversword $2,990,000 $2,850,000 5/31/2007 4 4.50 3458 0.2499 383 18
 
PLANTATION ESTATES
MLS # Status Address List Price Bds Bths Liv A SF Land Acres Days On Market Par
319008 ACT 700 Mokuleia Drive $6,250,000 3 4.50 3198 2.3000 345 56
320776 ACT 112 Pulelehua Street $7,900,000 2 2.50 4504 0.4700 219 3
314184 ACT 223 PLANTATION CLUB DRIVE $9,300,000 3 3.50 5366 2.1800 603 14
 
KAPALUA RESORT VACANT LAND:
 
KAPALUA PLACE
No Active Listings
 
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
MLS # Status Address List Price Land Acres Days On Market Par
320822 ACTIVE 100 Pulelehua Street $1,950,000 0.559900 217 9
 
PLANTATION ESTATES I & II
MLS # Status Address List Price Sold Price Closing Date Land Acres Days On Market Par
324225 ACTIVE 104 Honolua Place $1,750,000 2.175000 34 003
324648 ACTIVE 707 Mokuleia $2,175,000 2.040000 11 63
322017 ACTIVE 219 Plantation Club Drive $2,180,000 2.010000 153 12
312665 ACTIVE 706 Mokuleia Place $2,395,000 2.120000 688 59
324544 ACTIVE 600 Honokohau Street $2,400,000 2.340000 16 54
318483 ACTIVE 305 Plantation Estates Drive $2,950,000 2.010000 372 34
323944 SOLD 100 Honolua Place $2,250,000 $2,250,000 5/9/2007 2.435000 23 001
319185 SOLD 702 Mokuleia $2,600,000 $2,500,000 5/9/2007 2.300000 303 57
 
HONOLUA RIDGE PHASE I and II
Please email me for more information on developer sales of Honolua Ridge Phase II
MLS # Status Address List Price Land Acres Days On Market Par
323904 ACTIVE Lot 8 Honolua Ridge Phase I $1,597,000 4.283000 55 D
324225 ACTIVE 104 Honolua Place $1,750,000 2.175000 34 003
323674 ACTIVE Lot 12 Honolua Ridge II $1,975,000 3.840000 70 12
322831 ACTIVE Lot 18 Honolua Ridge Phase I $2,295,000 5.700000 113 41
321807 ACTIVE Lot 15 Honolua Ridge I $2,300,000 4.337000 161 41
323902 ACTIVE Lot 11 Honolua Ridge Phase I $2,469,000 15.386000 55 D
317027 ACTIVE lot 22 Honolua Ridge $2,500,000 15.000000 455 22
322097 ACTIVE Lot 1 Honolua Ridge, Phase I $2,695,000 7.071000 150 41 - 9001
316411 ACTIVE Lot 24 Honolua Ridge II $5,500,000 25.400000 490 tbd
316410 ACTIVE Lot 23 Honolua Ridge II $6,000,000 25.000000 490 tbd
314003 PENDING - DO NOT SHOW Lot 2 Honolua Ridge II $1,800,000 3.087000 613 b
314028 PENDING - DO NOT SHOW Lot 16 Honolua Ridge II $2,000,000 3.947000 613 b
314027 PENDING - DO NOT SHOW Lot 15 Honolua Ridge II $2,000,000 2.517000 613 b
322564 PENDING - DO NOT SHOW Lot 5 Honolua Ridge Phase II $2,400,000 4.255000 126 5
314016 PENDING - DO NOT SHOW Lot 8 Honolua Ridge II $6,200,000 30.755000 613 b
 
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 List Price Bds Bths Liv A SF Land Acres Days On Market Par
315539 ACT 1429 Front Street $4,295,000 2 2.00 1200 0.2039 532 5
322143 ACT 19 Hale Malia Place $5,395,000 4 3.00 3890 0.3039 149 95
315971 ACT 4591 N Lower Honoapiilani Road $5,500,000 6 4.50 4221 0.2500 509 46
322750 ACT 4591 S Honoapiialni Road $8,500,000 5 4.50 4221 0.2943 118 49
319935 ACT 20 Hui E Road $8,950,000 5 5.50 5273 0.4753 282 58
322056 ACT 1189 HALEPAKA PLACE $9,650,000 4 4.50 2814 0.3444 152 48
324103 ACT 1181 HALEPAKA STREET $9,875,000 4 4.50 2380 0.2490 42 4
312915 ACT 4851 LOWER HONOAPIILANI ROAD $9,900,000 5 4.50 6400 0.5849 755 54
322350 ACT 49 HALE MALIA PLACE $10,900,000 4 4.50 4435 0.2400 138 92
323918 ACT 40 KAI ALA PLACE $18,600,000 4 5.50 5348 0.9580 55 13
321585 ACT 20 Kai Ala Drive $25,000,000 8 9.50 11076 1.0000 174 11
323392 CNTRL 4025 Lower Honoapiilani Road $8,495,000 3 1.00 816 0.8560 83 7
316368 CNTXL 1007 Front $2,800,000 3 1.00 1063 0.1783 503 2
324278 PNDS 303 Front Street $2,550,000 3 2.00 1800 0.1263 33 5
 
OCEANFRONT LOTS
MLS # Status Address List Price Land Acres Days On Market Par
321778 ACTIVE Lot 4 C Olowalu $5,800,000 2.000000 165 6
321912 ACTIVE 30 KAI ALA PLACE $10,500,000 0.878000 158 12
 
CONDOMINIUMS
Whaler at Kaanapali Beach
MLS # Status Unit L Price Sold Price Closing Date Beds Baths Liv A SF Days On Market LT
323665 ACTIVE 418 $598,000 0 1.00 542 68 Fee Simple
320543 ACTIVE 165 $640,000 0 1.00 542 238 Fee Simple
318552 ACTIVE 319 $900,000 1 1.00 901 369 Leasehold-FA
316966 ACTIVE 169 $929,000 1 2.00 905 457 Fee Simple
320225 ACTIVE 269 $985,000 1 2.00 905 261 Fee Simple
312479 ACTIVE 515 $1,000,000 0 1.00 523 700 Fee Simple
322109 ACTIVE 359 $1,200,000 1 1.00 901 149 Fee Simple
323064 ACTIVE 624 $1,250,000 1 2.00 905 100 Fee Simple
324070 ACTIVE 470 $1,425,000 1 2.00 905 44 Fee Simple
324298 ACTIVE 657 $1,550,000 1 2.00 905 30 Fee Simple
323742 ACTIVE 456 $1,795,000 1 1.00 901 65 Fee Simple
320548 ACTIVE 102 $2,975,000 2 2.00 1444 238 Fee Simple
321126 ACTIVE 1221/23 $3,495,000 2 2.00 1444 198 Fee Simple
322947 PENDING 557 $1,080,000 1 2.00 905 145 Fee Simple
320719 PENDING 570 $1,150,000 1 2.00 905 187 Fee Simple
321729 PENDING 1169 $1,295,000 1 2.00 905 167 Fee Simple
322110 SOLD 561 $695,000 $650,000 6/1/2007 0 1.00 542 144 Fee Simple
 
MASTERS at KAANAPALI HILLSIDE
MLS # Status Unit L Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
322071 ACTIVE 1703 $750,000 1 1.50 901 151
322754
ACTIVE
50% Interest
 3304 $799,000 2 2.50 1850 118
319987 ACTIVE 2003 $850,000 1 1.50 901 279
324465 ACTIVE 2006 $937,000 1 1.50 901 22
320805 ACTIVE 3703 $975,000 1 1.00 923 218
322106 ACTIVE 205 $1,075,000 2 2.00 1544 149
320209 ACTIVE 3902 $1,100,000 2 2.00 1269 261
322019 ACTIVE 906 $1,190,000 2 2.00 1544 154
319672 ACTIVE 2201 $1,197,000 2 2.00 1544 303
320391 ACTIVE 1603 $1,199,000 2 2.00 1512 250
324470 ACTIVE 1006 $1,225,000 2 2.00 1544 21
323981 ACTIVE 1001 $1,250,000 2 2.00 1516 50
323367 ACTIVE 206 $1,250,000 2 2.00 1544 85
322719 ACTIVE 1203 $1,275,000 2 2.00 1512 120
324454 ACTIVE 3005 $1,325,000 2 2.00 1516 22
323520 ACTIVE 1604 $1,395,000 2 2.00 1512 76
321619 ACTIVE 2905 $1,545,000 2 2.00 1512 173
323410 ACTIVE 3404 $1,795,000 2 2.50 1850 83
324375 ACTIVE 3001 $1,799,000 2 2.00 1544 28
321763 PENDING 1901 $1,250,000 2 2.00 1544 166
321668 SOLD 2204 $1,100,000 $1,025,000 5/16/2007 2 2.00 1512 149
320394 SOLD 1306 $1,345,000 $1,240,000 6/5/2007 2 2.00 1544 249
 
NEW DEVELOPMENT:
 
KAANAPALI:
Honua Kai recently released their second phase with floorplans ranging from studio to three bedrooms, and there are still a few units available. It was recently announced that the very popular "Duke's" restaurant will be located in the resort. www.honuakai.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 St. Regis development in Wailea, with the Wailea Beach Resort replacing the Renaissance. This new development will consist of 193 1-4 bedroom condominium residences with pools, restaurants, spa. If you'd like I will add you to an interest list and will provide an update once more information is made available
 
FEATURED LISTINGS:
228 Crestview Drive
New Lower Price!
This elegant home opens to a beautifully landscaped backyard with a pool and spa. Enjoy sunsets and sweeping ocean views. Luxuriously constructed with tropical touches, this 4B/4.5B estate home features Brazilian cherry floors, mahogany cabinetry, bamboo and mahogany inlaid ceilings, stonework including marble, granite, and travertine, a media, and a gourmet kitchen.
Lani Kai Penthouse, The Whaler on Kaanapali Beach 1221/23
Reduced!
The beautifully constructed and decorated Lani Kai Penthouse residence was renovated in 2006. Featuring two bedroom suites and a family room which opens to the private lanai boasting views of Kaanapali Beach, the West Maui Mountains, and the neighbor island of Lanai, make this arguably the best unit in the complex. The luxurious renovation includes extensive use of imported Italian marble and granite countertops, travertine floors, coffered ceilings, crown molding, and top of the line appliances and electronics. Professionally decorated with Hawaiian and Eastern influenced antiques, silk drapes and fine art. A must see for the discriminating buyer. Seller is licensed in California.
Plantation Estates II, Lot 10
This is currently the lowest priced lot in the Plantation Estates II! Enjoy sweeping views of Molokai, Lanai, the Kapalua Resort, and the famed Plantation Course from this spectacular location. Located behind the gate in Plantation Estates II, this 2.04 acre parcel is positioned to take advantage of Maui's amazing sunsets. Amenities in the 23,000 acre Kapalua Resort include championship golf courses, world class beaches, tennis and fine dining. Owners may join the Kapalua Club, which provides social benefits. Don't miss this wonderful opportunity!
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.