Nov/Dec 2007

Aloha,

I want to wish you and your family a joyous holiday season, and hope that the new year brings continued happiness. I also want to let you know how much I appreciate your referrals and the opportunity to work with you.
The holidays are the beginning of our busy season, and there are several new announcements in the Kapalua Resort: In resort news, the Kapalua Adventure Center will be opening soon, featuring a coffee bar, cafe, concierge staff, and an outdoor adventure retail shop. Located in the old Vino's Restaurant location, guests will check in here for the new Zipline Adventures. I had the opportunity to view the site recently, and views are absolutely spectacular. The zipline course will consist of seven spans of cables covering almost two miles, and features a parallel cable system, so you can ride side-by-side with family and friends.
The Ritz-Carlton is currently scheduled to re-open on January 7th, after undergoing the $130 million renovation. The hotel's excellent sushi bar, Kai Sushi will be re-located in the former library space off of the lobby, the Banyan Tree restaurant will feature an outdoor bar and lounge with a covered terrace, and the 10,000 square foot pool will have an expanded adult pool area, as well as a new children's pool.
In the central resort, the Honolua Store is expanding to include a dinner service with dinner take-out, a coffee bar, and an expanded deli. Our office is also undergoing a renovation, with new displays of current and future development. I hope you will stop by the next time you are in Kapalua.
Tickets are now on sale for the Mercedes-Benz Championship, which will take place from Dec. 31-Jan. 6, 2008. For general admission, please go to www.kapalua.com  There is also an exciting new viewing pavillion, offering premium seating behind the 11th tee of the Plantation Course. The location provides panoramic views of the 11th tee and green, teh 10th green, and the 14th tee. Space is limited--for tickets, please call the Kapalua Events office, 808-665-9160. The Kapalua Events office is also your contact for information on Pro-Am slots for the first annual Kapalua LPGA Classic, to be held October 13-19, 2008.
In real estate news, the high end of the market continues to fare well, with pending sales at Coconut Grove and Pineapple Hill, and new closings at the Coconut Grove, Plantation Estates, and Honolua Ridge II. There is a great selection of available properties at the Bay, Ridge, and Golf Villas as well. We are still taking a list of interested parties for the new Residential Suites at the Ritz-Carlton, Kapalua. If I haven't already registered your interest, I would be happy to provide you with an introduction to this very unique opportunity. The developer will be offering these condominiums on a Priority Reservation process, with an exclusive sales selection event held here on island in January, 2008. Please contact me at: 808-250-0210 or email: cbmaui@aol.com with any questions or to begin the reservation process.
As always, a market summary and information on Kapalua is transmitted below. News on new developments follows at the end. Please don't hesitate to contact me with any questions.
Happy Holidays!
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 List Price Beds Baths Liv A SF Days On Market
325737 ACTIVE 15G4 $989,800 1 1.00 1006 136
325614 ACTIVE 37G1 $1,295,000 1 2.00 1400 143
327879 ACTIVE 19G4 $1,299,000 1 1.00 989 18
326433 ACTIVE 29G4 $1,300,000 1 1.00 1006 98
312429 ACTIVE 20G4 $1,395,000 1 1.00 1006 890
326825 ACTIVE 30B1 $1,499,000 1 1.00 1006 74
325663 ACTIVE 19G5 $1,595,000 1 1.50 1118 142
322345 ACTIVE 34G4 $1,595,000 1 1.00 1006 322
315932 ACTIVE 36B3 $1,725,000 1 2.00 1229 695
321319 ACTIVE 24B1,2 $1,899,900 2 3.00 1447 372
325038 ACTIVE 16B2-4 $1,950,000 2 2.50 1529 177
327666 ACTIVE 22B4 $2,100,000 1 1.00 1006 30
327107 ACTIVE 23G2 $2,100,000 1 1.00 989 59
323781 ACTIVE 17B1,2 $2,195,000 2 3.00 1447 248
315931 ACTIVE 30G3-5 $2,650,000 2 3.00 1529 695
325733 ACTIVE 35G3,4,5 $2,700,000 2 3.00 1529 136
324682 PENDING - CONT. TO SHOW 33B3,4 $1,999,995 2 3.00 1750 195
323125 PENDING - DO NOT SHOW 32G4 $850,000 1 1.00 1006 282
 
COCONUT GROVE
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
326926 PENDING - CONT. TO SHOW 2 $3,650,000 3 3.50 2638 68
323873 SOLD 18 $5,400,000 $5,100,000 11/6/2007 3 3.50 2638 211
 
GOLF VILLAS
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market
327081 ACTIVE 14 T4/5 $699,900 1 2.00 972 60
324080 ACTIVE 11T6-7 $711,000 1 2.00 972 232
320974 ACTIVE 15T3,4 $720,000 1 2.00 972 389
326756 ACTIVE 20T1/2 $729,000 1 2.00 972 79
325037 ACTIVE 16V3 $775,000 1 1.50 899 178
324557 ACTIVE 16V-1 $820,000 1 1.50 899 200
327554 ACTIVE 21 T 1,2 $845,000 1 2.00 972 36
322416 ACTIVE 21T5-6 $849,000 1 2.00 972 318
321922 ACTIVE 12T2 $855,000 1 1.50 987 340
326254 ACTIVE 25P 3-4 $1,000,000 2 2.00 1344 108
326218 ACTIVE 16P3,4 $1,000,000 2 2.00 1344 108
323025 ACTIVE 18P3-4 $1,098,000 2 2.00 1407 289
324755 ACTIVE 14P5,6 $1,100,000 2 2.00 1344 189
324378 ACTIVE 17 P5,6 $1,150,000 2 2.00 1432 211
322943 ACTIVE 26P1,2 $1,175,000 2 2.00 1344 293
326263 ACTIVE 14P1-2 $1,250,000 2 2.00 1344 107
321768 ACTIVE 27P1&2 $1,495,000 2 2.00 1344 350
321415 ACTIVE 18P5,6 $1,562,000 2 2.00 1344 366
323703 PENDING - CONT. TO SHOW 16P-1,2 $895,000 2 2.00 1344 250
 
IRONWOODS
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market
322140 ACTIVE 83 $3,250,000 2 3.00 2482 332
 
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 List Price Beds Baths Liv A SF Days On Market
319899 ACTIVE 5102 $4,275,000 3 3.50 3002 469
322886 ACTIVE 1403 $7,100,000 3 3.50 3125 295
319902 ACTIVE 2401 $9,335,000 4 4.50 4271 469
319901 PENDING - CONT. TO SHOW 1303 $6,245,000 3 3.50 3125 365
 
RIDGE VILLAS
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market
323506 ACTIVE
1924
50% Interest
 $595,000 1 2.00 1125 260
325972 ACTIVE 2311 $995,000 1 2.00 1162 124
326113 ACTIVE 2512 $998,500 1 2.00 1125 116
327561 ACTIVE 1812 $1,125,000 1 2.00 1125 35
323558 ACTIVE 2122 $1,145,000 1 2.00 1150 259
326474 ACTIVE 715 $1,195,000 1 2.00 1162 94
326708 ACTIVE 622 $1,250,000 1 2.00 1150 82
327628 ACTIVE 411 $1,250,000 1 2.00 1162 31
327525 ACTIVE 312 $1,295,000 1 2.00 1125 37
328143 ACTIVE 2611 $1,525,000 1 2.00 1162 7
327127 ACTIVE 413-15 $1,575,000 2 3.00 1778 58
327961 ACTIVE 1823,24 $1,675,000 2 3.00 1756 14
326459 ACTIVE 623-24 $2,150,000 3 3.00 1922 95
326905 ACTIVE 27-2324 $2,150,000 2 3.00 1756 72
 
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
324672 ACT 406 MONARCH PLACE $2,895,000 3 3.00 2794 0.2820 195
319927 ACT 104 WOODROSE PL $2,995,000 4 3.50 3350 0.2329 466
322607 ACT 108 Woodrose Place $3,200,000 5 4.50 4145 0.2736 309
327033 ACT 232 Crestview Road $3,950,000 3 3.00 3354 0.4478 67
327451 ACT 334 Cook Pine Drive $4,199,000 3 5.00 3391 0.2509 49
327885 ACT 1206 Summer Road $4,250,000 4 5.50 3624 0.2519 18
326943 ACT 222 Crestview $5,479,000 4 4.50 4243 0.4774 67
326777 ACT 106 Pulelehua Street $5,600,000 4 5.00 4500 0.4703 78
326639 ACT 108 Pulelehua Street $6,850,000 4 4.50 4486 0.5825 86
320776 ACT 112 Pulelehua Street $7,900,000 2 2.50 4504 0.4700 403
 
PLANTATION ESTATES
MLS # Status Address List Price Sold Price Closing Date Bds Bths Liv A SF Land Acres Days On Market
327520 ACT 197 Plantation Club Drive $5,900,000 4 5.00 4569 2.0000 39
314184 ACT 223 PLANTATION CLUB DRIVE $7,995,000 3 3.50 5366 2.1800 787
328164 ACT 708 Mokuleia $9,995,000 5 5.50 7800 2.1000 6
326389 ACT 231 Plantation Club Drive $12,800,000 8 8.00 12114 7.2500 100
326239 SLD 700 Mokuleia $5,695,000 $5,300,000 11/30/2007 3 4.50 3198 2.3000 102
 
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
324974 ACTIVE 216 Crestview Rd. $1,550,000 0.281656 182 9
328109 ACTIVE 233 Crestview $1,695,000 0.460000 8 26
320822 ACTIVE 100 Pulelehua Street $1,899,000 0.559900 401 9
 
PLANTATION ESTATES I & II
MLS # Status Address List Price Land Acres Days On Market Par
325796 ACTIVE 221 Plantation Club Drive. Lot 13 $1,473,300 2.340000 133 13
324225 ACTIVE 104 Honolua Place $1,750,000 2.175000 218 003
324648 ACTIVE 707 Mokuleia $2,099,000 2.040000 195 63
322017 ACTIVE 219 Plantation Club Drive $2,180,000 2.010000 337 12
324544 ACTIVE 600 Honokohau Street $2,295,000 2.340000 200 54
312665 PENDING - CONT. TO SHOW 706 Mokuleia Place $2,395,000 2.120000 777 59
 
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 Sold Price Closing Date Land Acres Days On Market Par
323674 ACTIVE Lot 12 Honolua Ridge II $1,895,000 3.840000 254 12
325804 ACTIVE Lot 13 Honolua Ridge, phase I $1,965,000 6.690000 134 13
321807 ACTIVE 0 Honolua Ridge Phase I $2,100,000 4.337000 345 41
317027 ACTIVE lot 22 Honolua Ridge $2,195,000 15.000000 639 22
322831 ACTIVE 0 Honolua Ridge Phase I $2,295,000 5.700000 297 41
328202 ACTIVE Lot 6 Honolua Ridge II $2,400,000 8.280000 4 6
323902 ACTIVE Lot 11 Honolua Ridge Phase I $2,469,000 15.386000 239 11
326611 ACTIVE 107 Ke'oawa Place $2,495,000 4.504000 88 6
327574 ACTIVE 117 Ke'oawa Pl., HR Lot 1, Phase 1 $2,695,000 7.070000 36 1
326058 ACTIVE Lot 7 Honolua Ridge II $3,300,000 6.090000 120 7
316411 ACTIVE Lot 24 Honolua Ridge II $5,500,000 25.400000 674 tbd
316410 SOLD Lot 23 Honolua Ridge II $6,000,000 $4,500,000 11/29/2007 25.000000 666 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 List Price Bds Bths Liv A SF Land Acres Days On Market
315539 ACT 1429 Front Street $3,900,000 3 3.00 1700 0.2039 716
325533 ACT 4591 N Lower Honoapiilani Road $5,250,000 6 4.50 4221 0.2500 149
326970 ACT 19 Hale Malia Place $5,395,000 4 3.00 3890 0.3039 67
326820 ACT 1391 Front Street $5,400,000 3 3.00 2609 0.1900 73
323392 ACT 4025 Lower Honoapiilani Road $8,495,000 3 1.00 816 0.8560 267
322056 ACT 1189 HALEPAKA PLACE $9,650,000 4 4.50 2814 0.3444 336
324103 ACT 1181 HALEPAKA STREET $9,875,000 4 4.50 2380 0.2490 226
312915 ACT 4851 LOWER HONOAPIILANI ROAD $9,900,000 5 4.50 6400 0.5849 939
322350 ACT 49 HALE MALIA PLACE $10,900,000 4 4.50 4435 0.2400 322
326284 ACT 6291 Honoapiilani (Alaelae Peninsula) $14,000,000 4 4.50 4351 3.4500 106
323918 ACT 40 KAI ALA PLACE $18,600,000 4 5.50 5348 0.9580 239
325386 ACT 20 Kai Ala Drive $23,800,000 8 9.50 11076 0.9770 159
319935 PNDNS 20 Hui E Road $8,950,000 5 5.50 5273 0.4753 429
 
OCEANFRONT LOTS
MLS # Status Address List Price Land Acres Days On Market Par
321778 ACTIVE Lot 4 C Olowalu $5,200,000 2.000000 349 6
326556 ACTIVE 10 Kai Ala Place $8,500,000 1.160000 91 1
321912 ACTIVE 30 KAI ALA PLACE $10,500,000 0.878000 342 12
 
CONDOMINIUMS
Whaler at Kaanapali Beach
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market LT
323665 ACTIVE 418 $591,000 0 1.00 542 252 Fee Simple
326907 ACTIVE 765 $650,000 0 1.00 542 70 Fee Simple
327955 ACTIVE 365 $695,000 0 1.00 542 16 Fee Simple
327488 ACTIVE 162 $700,000 0 1.00 523 41 Fee Simple
312479 ACTIVE 515 $795,000 0 1.00 523 884 Fee Simple
327046 ACTIVE 169 $890,000 1 2.00 905 66 Fee Simple
325335 ACTIVE 720 $895,000 1 1.00 901 163 Fee Simple
318552 ACTIVE 319 $900,000 1 1.00 901 553 Leasehold-FA
326991 ACTIVE 269 $985,000 1 2.00 905 65 Fee Simple
325702 ACTIVE 770 $1,180,000 1 2.00 905 139 Fee Simple
327159 ACTIVE 359 $1,200,000 1 1.00 901 57 Fee Simple
326878 ACTIVE 519 $1,250,000 1 1.00 901 73 Fee Simple
327017 ACTIVE 459 $1,295,000 1 1.00 901 65 Fee Simple
327487 ACTIVE 560 $1,500,000 1 2.00 905 41 Fee Simple
324298 ACTIVE 657 $1,550,000 1 2.00 905 214 Fee Simple
328147 ACTIVE 859 $1,695,000 1 1.00 901 11 Fee Simple
323742 ACTIVE 456 $1,795,000 1 1.00 901 249 Fee Simple
325703 ACTIVE 451 $1,995,000 1 2.00 941 139 Fee Simple
326718 ACTIVE 821/823 $2,979,000 2 2.00 1444 80 Fee Simple
321126 ACTIVE 1221/23 $3,495,000 2 2.00 1444 382 Fee Simple
326351 PENDING - CONT. TO SHOW 301 $1,850,000 1 2.00 941 101 Fee Simple
 
MASTERS at KAANAPALI HILLSIDE
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
322071 ACTIVE 1703 $800,000 1 1.50 901 335
325531 ACTIVE 2003 $825,000 1 1.50 901 148
328204 ACTIVE 3803 $875,000 1 1.00 901 3
327535 ACTIVE 3904 $950,000 1 1.00 901 36
320209 ACTIVE 3902 $985,000 2 2.00 1269 445
326070 ACTIVE 1503 $1,025,000 2 2.00 1544 116
326849 ACTIVE 1203 $1,175,000 2 2.00 1512 72
326021 ACTIVE 905 $1,225,000 2 2.00 1544 120
325437 ACTIVE 3801 $1,250,000 2 2.00 1451 156
328093 ACTIVE 3807 $1,295,000 2 2.00 1269 9
327851 ACTIVE 1708 $1,297,000 2 2.00 1269 20
328205 ACTIVE 2705 $1,310,000 2 2.00 1512 3
326022 ACTIVE 1504 $1,325,000 2 2.00 1544 120
327079 ACTIVE 1306 $1,349,000 2 2.00 1544 60
327396 ACTIVE 2302 $1,475,000 2 2.00 1544 45
327168 ACTIVE 2606 $1,589,000 2 2.00 1728 57
322754 ACTIVE 3304 $1,595,000 2 2.50 1850 302
324375 ACTIVE 3001 $1,799,000 2 2.00 1544 212
327524 SOLD 2201 $1,149,000 $1,149,000 10/31/2007 2 2.00 1544 0
323410 SOLD 3404 $1,795,000 $1,500,000 11/14/2007 2 2.50 1850 244
321619 SOLD 2905 $1,436,000 $1,300,000 11/30/2007 2 2.00 1512 350
 
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:
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 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.
 
FEATURED LISTINGS:
#2 Coconut Grove Lane-In Escrow
Enjoy panoramic ocean and island views from this spectacular three bedroom, three and a half bath residence. The gated Coconut Grove community is located on the world famous Kapalua Bay, and features a tension edge lap pool, wood decking, fitness room, whirlpool spa, and a cabana with cooking and barbque facilities. Upgrades include an elevator, stereo sound, custom draperies and designer furnishings.
Lani Kai Penthouse, The Whaler on Kaanapali Beach 1221/23, Kaanapali
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, Kapalua
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!
92 Oleander, Kahana
If you have been looking for a second home in Kapalua, but find it out of your desired price range, consider this fantastic Kahana Ridge home. This three bedroom, three bathroom, and two half bathroom home features two master suites, two spacious living rooms, and incredible ocean views from the spacious wrap around lanai. High quality finishes such as Brazilian hardwood floors, travertine, granite coupled with the spacious interiors make this a must see!
Lot 10, Luwai Place, Olowalu Mauka
Ocean Views! This spectacular location in Olowalu Mauka offers panoramic ocean and island views. Build your dream home and enjoy the sunset from this spacious five acre parcel.
2870 Kauhale Street, Kihei
Charming three bedroom home in the Hale Kilohana area. This home features a spacious living room, large lanai, generous master bedroom, and vaulted ceilings throughout. The master bathroom was recently remodeled, and a portion of the lanai enclosed to provide a sitting area in the master bedroom. Enjoy the ocean, island and sunset views from the large lanai, which overlooks a vast backyard. This neighborhood is close to Wailea, Keawekapu beach, schools and shops. Don't miss this fantastic opportunity
66 Laha'ole Place, Kahakuloa
Enjoy spectacular ocean views from this magnificent setting perched in the gated Maluhia Country Ranches Community. Build your dream home in this lovely rural setting, just a short drive from Wailuku. Don't miss this wonderful opportunity. Owner holds active Hawaii License.
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.