Aloha from Kapalua!
Activity has picked up this spring and there are some good values to be had in the marketplace. In particular, I received an email from the listing agent of 32G4 indicating that the price has been reduced to $1,000,000 and this is a bankruptcy sale. There have been price reductions on some of the older homes in Pineapple Hill and there are several one bedroom listings at the Golf Villas that are very favorably priced. Finally, there is a new oceanfront listing at the Coconut Grove for the first time in months.
In Kapalua Resort news, 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. Please don't hesitate to contact me with any questions or to register your interest.
The Residences construction is well underway, and sales have picked up over the last month. A webcam is now available to monitor the progress of the Residences at Kapalua Bay: http://pcl.oxblue.com/ritz/
A summary of new developments in Kaanapali and Wailea/Makena follows at the end of this email. Please don't hesitate to contact me with any questions about these new projects or the Kapalua Resort.
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 Beds Baths Liv A SF Days On Market
323125 ACTIVE 32G4 $1,000,000 1 1.00 1006 63
321593 ACTIVE 12-B4 $1,175,000 1 1.00 1006 139
323702 ACTIVE 16G2 $1,399,000 1 1.00 989 31
317987 ACTIVE 34B4 $1,425,000 1 1.00 1006 369
312429 ACTIVE 20G4 $1,495,000 1 1.00 1006 671
324192 ACTIVE 19G-4 $1,550,000 1 1.00 989 1
322345 ACTIVE 34G4 $1,595,000 1 1.00 1006 103
315932 ACTIVE 36B3 $1,725,000 1 2.00 1229 476
321390 ACTIVE 21G5 $1,850,000 1 2.00 993 148
323781 ACTIVE 17B1,2 $2,195,000 2 3.00 1447 29
321319 ACTIVE 24B1,2 $2,390,000 2 3.00 1447 153
317666 ACTIVE 33-B 3&4 $2,490,000 2 2.50 1750 387
315931 ACTIVE 30G3-5 $2,650,000 2 3.00 1529 476
321731 SOLD 25B3 $1,280,000 $1,275,000 4/12/2007 1 2.00 1347 114
321018 SOLD 35-G-2 $1,398,500 $1,175,000 4/27/2007 1 1.00 1006 164
 
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 58
323873 ACTIVE 18 $5,600,000 3 3.50 2638 23
 
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 60
319756 ACTIVE 27 V 3 $729,000 1 1.50 899 260
324080 ACTIVE 11T6-7 $775,000 1 2.00 972 13
321577 ACTIVE 21V3 $870,000 1 1.50 899 139
320974 ACTIVE 15T3,4 $875,000 1 2.00 972 170
321922 ACTIVE 12T2 $879,000 1 1.50 987 121
319620 ACTIVE 21 T 1,2 $889,000 1 2.00 972 270
322416 ACTIVE 21T5-6 $899,000 1 2.00 972 99
323703 ACTIVE 16P-1,2 $1,100,000 2 2.00 1344 31
322943 ACTIVE 26P1,2 $1,175,000 2 2.00 1344 74
318677 ACTIVE 25P3-4 $1,175,000 2 2.00 1344 324
323025 ACTIVE 18P3-4 $1,188,000 2 2.00 1407 70
322475 ACTIVE 20 P1,2 $1,299,000 2 2.00 1344 97
321999 ACTIVE 27P7,8 $1,388,000 2 2.00 1344 118
323397 ACTIVE 20P3,4 $1,498,000 2 2.00 1419 48
321415 ACTIVE 18P5,6 $1,562,000 2 2.00 1344 147
321768 ACTIVE 27P1&2 $1,565,000 2 2.00 1344 131
323650 PENDING - CONT. TO SHOW 17P1,2 $995,000 2 2.00 1419 33
323247 PENDING - DO NOT SHOW 25T4,5 $730,000 1 2.00 972 55
322655 SOLD 19T 4,5 $849,950 $750,000 4/13/2007 1 2.00 972 70
321217 SOLD 22T2 $799,000 $700,000 4/25/2007 1 1.50 987 152
 
IRONWOODS
MLS # Status Unit L Price Beds Baths Liv A SF Days On Market
319905 ACTIVE 11 $2,990,000 3 4.00 2400 250
322140 ACTIVE 83 $3,400,000 2 3.00 2482 113
319270 ACTIVE 92 $3,500,000 2 3.00 1805 291
312950 ACTIVE 24 $3,875,000 2 3.00 2102 637
 
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 250
322886 ACTIVE 1403 $7,100,000 3 3.50 3125 76
319902 ACTIVE 2401 $9,335,000 4 4.50 4271 250
319901 PENDING - CONT. TO SHOW 1303 $6,245,000 3 3.50 3125 250
 
RIDGE VILLAS
MLS # Status Unit L Price Beds Baths Liv A SF Days On Market
323506 ACTIVE 50% Interest 1924 $565,000 1 2.00 1125 41
318526 ACTIVE 714 $799,000 1 2.00 1125 335
320192 ACTIVE 1012 $995,000 1 2.00 1125 229
321584 ACTIVE 214 $1,075,000 1 2.00 1125 141
323368 ACTIVE 715 $1,100,000 1 2.00 1225 50
321578 ACTIVE 1812 $1,139,000 1 2.00 1125 139
319320 ACTIVE 2311 $1,145,000 1 2.00 1162 287
323558 ACTIVE 2122 $1,145,000 1 2.00 1150 40
316330 ACTIVE 2012 $1,150,000 1 2.00 1125 460
323369 ACTIVE 622 $1,175,000 1 2.00 1150 50
316232 ACTIVE 815 $1,198,000 1 2.00 1162 461
319742 ACTIVE 1615 $1,200,000 1 2.00 1162 266
320566 ACTIVE 411 $1,250,000 1 2.00 1125 202
322490 ACTIVE 21 13-15 $1,445,000 2 3.00 1778 97
321039 ACTIVE 2323-24 $1,500,000 2 3.00 1756 168
322000 ACTIVE 1823-24 $1,588,000 2 3.00 1756 118
323640 ACTIVE 1513-15 $1,850,000 2 3.00 1778 37
322850 ACTIVE 2613-15 $2,100,000 2 3.00 1778 79
323251 PENDING - CONT. TO SHOW 1713-15 $1,600,000 2 3.00 2225 55
 
KAPALUA RESORT HOMES:
 
KAPALUA PLACE
No Active Listings
 
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
MLS # Status Address List Price Bds Bths Liv A SF Land Acres Days On Market Par
316862 ACT 110 Woodrose Place $2,550,000 3 3.50 3308 0.2287 428 94
321812 ACT 804 JACARANDA WAY $2,695,000 3 2.00 2348 0.2537 126 33
320353 ACT 516 Pacific Drive $2,975,000 3 3.50 3666 0.2190 219 61
319927 ACT 104 WOODROSE PL $2,995,000 4 3.50 3350 0.2329 247 97
322607 ACT 108 Woodrose Place $3,200,000 5 4.50 4145 0.2736 90 095
320512 ACT 204 CRESTVIEW ROAD $3,995,000 3 3.50 3078 0.2536 205 3
320303 ACT 232 Crestview Road $4,250,000 3 3.00 3354 0.4478 219 16
318510 ACT 328 Cook Pine Drive $4,250,000 4 4.50 3620 0.2874 335 84
321521 ACT 120 Pulelehua Street $4,595,000 3 4.00 4400 0.4817 143 29
321575 ACT 228 Crestview Road $4,700,000 4 4.50 4003 0.4695 140 14
315859 ACT 1012 Sunset Place $4,750,000 4 4.50 4166 0.3461 478 42
321672 ACT 618 Silversword Drive $5,200,000 3 4.00 4100 0.2432 134 25
321971 ACT 106 Pulelehua Street $5,600,000 4 5.00 4500 0.4703 119 6
319942 ACT 222 Crestview Road $5,997,000 4 4.50 4243 0.4774 247 11
320776 ACT 112 Pulelehua Street $7,900,000 2 2.50 4504 0.4700 184 3
322212 PNDS 604 SILVERSWORD DRIVE $2,995,000 4 4.50 3458 0.2499 110 18
 
PLANTATION ESTATES
MLS # Status Address List Price Bds Bths Liv A SF Land Acres Days On Market Par
318610 ACT 225 Plantation Club Drive $5,750,000 4 4.00 4310 3.9800 329 22
319008 ACT 700 Mokuleia Drive $6,250,000 3 4.50 3198 2.3000 310 56
314184 ACT 223 PLANTATION CLUB DRIVE $8,300,000 3 3.50 5366 2.1800 568 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
311494 ACTIVE 216 Crestview Road $1,400,000 0.280000 741 9
320822 ACTIVE 100 Pulelehua Street $1,950,000 0.559900 182 9
 
PLANTATION ESTATES I & II
MLS # Status Address List Price Land Acres Days On Market Par
322017 ACTIVE 219 Plantation Club Drive $2,180,000 2.010000 118 12
312665 ACTIVE 706 Mokuleia Place $2,595,000 2.120000 653 59
318544 ACTIVE 217 Plantation Club Drive $2,700,000 2.030000 334 11
318483 ACTIVE 305 Plantation Estates Drive $2,950,000 2.010000 337 34
319185 PENDING - CONT. TO SHOW 702 Mokuleia $2,600,000 2.300000 296 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
321779 ACTIVE Lot # 4 Honolua Ridge, phase I $1,575,000 3.400000 129 041
323904 ACTIVE Lot 8 Honolua Ridge Phase I $1,597,000 4.283000 20 D
314003 ACTIVE Lot 2 Honolua Ridge II $1,800,000 3.087000 578 b
323674 ACTIVE Lot 12 Honolua Ridge II $1,975,000 3.840000 35 12
314028 ACTIVE Lot 16 Honolua Ridge II $2,000,000 3.947000 578 b
314027 ACTIVE Lot 15 Honolua Ridge II $2,000,000 2.517000 578 b
322831 ACTIVE Lot 18 Honolua Ridge Phase I $2,295,000 5.700000 78 41
321807 ACTIVE Lot 15 Honolua Ridge I $2,300,000 4.337000 126 41
322564 ACTIVE Lot 5 Honolua Ridge Phase II $2,400,000 4.255000 91 5
323902 ACTIVE Lot 11 Honolua Ridge Phase I $2,469,000 15.386000 20 D
317027 ACTIVE lot 22 Honolua Ridge $2,500,000 15.000000 420 22
322097 ACTIVE Lot 1 Honolua Ridge, Phase I $2,695,000 7.071000 115 41 - 9001
316411 ACTIVE Lot 24 Honolua Ridge II $5,500,000 25.400000 455 tbd
316410 ACTIVE Lot 23 Honolua Ridge II $6,000,000 25.000000 455 tbd
314016 ACTIVE Lot 8 Honolua Ridge II $6,200,000 30.755000 578 b
323944 PENDING - CONT. TO SHOW 100 Honolua Place $2,250,000 2.435000 16 001
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
316368 CNTXL 1007 Front $2,800,000 3 1.00 1063 0.1783 468 2
315539 ACT 1429 Front Street $4,295,000 2 2.00 1200 0.2039 497 5
322143 ACT 19 Hale Malia Place $5,395,000 4 3.00 3890 0.3039 114 95
315971 ACT 4591 N Lower Honoapiilani Road $5,500,000 6 4.50 4221 0.2500 474 46
323392 ACT 4025 Lower Honoapiilani Road $8,495,000 3 1.00 816 0.8560 48 7
322750 ACT 4591 S Honoapiialni Road $8,500,000 5 4.50 4221 0.2943 83 49
312757 ACT 35 Papaua Place $8,900,000 5 5.00 3702 0.2120 650 16
319935 ACT 20 Hui E Road $9,500,000 5 5.50 5273 0.4753 247 58
322056 ACT 1189 HALEPAKA PLACE $9,650,000 4 4.50 2814 0.3444 117 48
324103 ACT 1181 HALEPAKA STREET $9,875,000 4 4.50 2380 0.2490 7 4
312915 ACT 4851 LOWER HONOAPIILANI ROAD $9,900,000 5 4.50 6400 0.5849 720 54
322350 ACT 49 HALE MALIA PLACE $10,900,000 4 4.50 4435 0.2400 103 92
323918 ACT 40 KAI ALA PLACE $18,600,000 4 5.50 5348 0.9580 20 13
321585 ACT 20 Kai Ala Drive $25,000,000 8 9.50 11076 1.0000 139 11
 
OCEANFRONT LOTS
MLS # Status Address List Price Land Acres Days On Market Par
321778 ACTIVE Lot 4 C Olowalu $5,800,000 2.000000 130 6
321912 ACTIVE 30 KAI ALA PLACE $10,500,000 0.878000 123 12
 
CONDOMINIUMS
Whaler at Kaanapali Beach
MLS # Status Unit L Price Beds Baths Liv A SF Days On Market LT
323665 ACTIVE 418 $598,000 0 1.00 542 33 Fee Simple
320543 ACTIVE 165 $640,000 0 1.00 542 203 Fee Simple
321732 ACTIVE 563 $695,000 0 1.00 542 132 Fee Simple
318552 ACTIVE 319 $900,000 1 1.00 901 334 Leasehold-FA
316966 ACTIVE 169 $929,000 1 2.00 905 422 Fee Simple
320225 ACTIVE 269 $985,000 1 2.00 905 226 Fee Simple
312479 ACTIVE 515 $1,000,000 0 1.00 523 665 Fee Simple
322109 ACTIVE 359 $1,200,000 1 1.00 901 114 Fee Simple
323064 ACTIVE 624 $1,250,000 1 2.00 905 65 Fee Simple
321729 ACTIVE 1169 $1,295,000 1 2.00 905 132 Fee Simple
324070 ACTIVE 470 $1,425,000 1 2.00 905 9 Fee Simple
323742 ACTIVE 456 $1,795,000 1 1.00 901 30 Fee Simple
320548 ACTIVE 102 $2,975,000 2 2.00 1444 203 Fee Simple
321126 ACTIVE 1221/23 $3,495,000 2 2.00 1444 163 Fee Simple
322110 PENDING - CONT. TO SHOW 561 $695,000 0 1.00 542 114 Fee Simple
322947 PENDING - CONT. TO SHOW 557 $1,080,000 1 2.00 905 110 Fee Simple
320719 PENDING - CONT. TO SHOW 570 $1,150,000 1 2.00 905 187 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 1.50 901 116
322754 ACTIVE 50% Interest 3304 $799,000 2 2.50 1850 83
319987 ACTIVE 2003 $850,000 1 1.50 901 244
320805 ACTIVE 3703 $975,000 1 1.00 923 183
320209 ACTIVE 3902 $1,050,000 2 2.00 1269 226
323586 ACTIVE 1601 $1,095,000 2 2.00 1544 36
322019 ACTIVE 906 $1,190,000 2 2.00 1544 119
319672 ACTIVE 2201 $1,197,000 2 2.00 1544 268
320391 ACTIVE 1603 $1,199,000 2 2.00 1512 215
322106 ACTIVE 205 $1,200,000 2 2.00 1544 114
323367 ACTIVE 206 $1,250,000 2 2.00 1544 50
322719 ACTIVE 1203 $1,275,000 2 2.00 1512 85
323981 ACTIVE 1001 $1,325,000 2 2.00 1516 15
319723 ACTIVE 3801 $1,395,000 2 2.00 1451 261
323520 ACTIVE 1604 $1,395,000 2 2.00 1512 41
321619 ACTIVE 2905 $1,545,000 2 2.00 1512 138
323410 ACTIVE 3404 $1,795,000 2 2.50 1850 48
323666 ACTIVE 3101 $2,250,000 3 3.00 2156 33
321668 PENDING - CONT. TO SHOW 2204 $1,100,000 2 2.00 1512 135
321763 PENDING - CONT. TO SHOW 1901 $1,250,000 2 2.00 1544 131
320394 PENDING - CONT. TO SHOW 1306 $1,345,000 2 2.00 1544 215
322717 SOLD 1105 $1,195,000 $1,100,000 4/26/2007 2 2.00 1544 79
 
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
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. If you have any interest, please let me know and I'll send you the interest registration forms.
 
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
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
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 by Salvador Dali and Lori Higgins. A must see for the discriminating buyer. Seller is licensed in California.
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.