October, 2008

Aloha,

I hope this email finds you well and enjoying the fall season.
I want to update you on the newest development here in Kapalua: The Residential Suites at the Ritz-Carlton, Kapalua will be comprised of only 107 fee simple, whole-ownership hotel-condominiums located in the Honolua (north) wing of the AAA Five Diamond Ritz-Carlton Hotel. This is the only Ritz-Carlton hotel in all of the Hawaiian Islands. As you may know, the hotel is currently closed and undergoing a $128 million transformation and will reopen during the holiday season, just in time for the Mercedes Championships the first week of 2008. 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.
In other resort news, we've seen several sales across the resort at both condominium and residential communities. I am pleased to announce the listing of Coconut Grove #2. This is currently the only Coconut Grove residence on the market, and is listed at $3,650,000. This second floor residence features a private garage and elevator. The living room, kitchen, master bedroom, and spacious lanais all open to sweeping ocean and island views.
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.
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 List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
323125 ACTIVE 32G4 $960,000 1 1.00 1006 242
325737 ACTIVE 15G4 $997,500 1 1.00 1006 96
325614 ACTIVE 37G1 $1,295,000 1 2.00 1400 103
326433 ACTIVE 29G4 $1,300,000 1 1.00 1006 58
324192 ACTIVE 19G-4 $1,349,000 1 1.00 989 180
312429 ACTIVE 20G4 $1,395,000 1 1.00 1006 850
323702 ACTIVE 16G2 $1,399,000 1 1.00 989 210
326825 ACTIVE 30B1 $1,499,000 1 1.00 1006 34
322345 ACTIVE 34G4 $1,595,000 1 1.00 1006 282
325663 ACTIVE 19G5 $1,595,000 1 1.50 1118 102
315932 ACTIVE 36B3 $1,725,000 1 2.00 1229 655
321390 ACTIVE 21G5 $1,850,000 1 2.00 993 327
325038 ACTIVE 16B2-4 $1,950,000 2 2.50 1529 137
324682 ACTIVE 33B3,4 $1,999,995 2 3.00 1750 155
327107 ACTIVE 23G2 $2,100,000 1 1.00 989 19
323781 ACTIVE 17B1,2 $2,195,000 2 3.00 1447 208
321319 ACTIVE 24B1,2 $2,195,000 2 3.00 1447 332
315931 ACTIVE 30G3-5 $2,650,000 2 3.00 1529 655
325033 ACTIVE 28B2 $2,650,000 2 3.00 1447 138
325733 ACTIVE 35G3,4,5 $2,700,000 2 3.00 1529 96
325580 SOLD 36B1,2 $2,450,000 $2,100,000 9/25/2007 2 3.00 1547 74
 
COCONUT GROVE
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
326926 ACTIVE 2 $3,650,000 3 3.50 2638 28
323873 PENDING 18 $5,400,000 3 3.50 2638 181
323222 SOLD 11 $3,800,000 $3,400,000 9/28/2007 3 3.50 2280 207
 
GOLF VILLAS
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
320974 ACTIVE 15T3,4 $720,000 1 2.00 972 349
326756 ACTIVE 20T1/2 $729,000 1 2.00 972 39
327081 ACTIVE 14 T4/5 $749,900 1 2.00 972 20
324080 ACTIVE 11T6-7 $775,000 1 2.00 972 192
325037 ACTIVE 16V3 $775,000 1 1.50 899 138
322416 ACTIVE 21T5-6 $849,000 1 2.00 972 278
321922 ACTIVE 12T2 $855,000 1 1.50 987 300
324557 ACTIVE 16V-1 $870,000 1 1.50 899 160
323703 ACTIVE 16P-1,2 $895,000 2 2.00 1344 210
324372 ACTIVE 19P1,2 $995,000 2 2.00 1344 172
326218 ACTIVE 16P3,4 $1,000,000 2 2.00 1344 68
326254 ACTIVE 25P 3-4 $1,050,000 2 2.00 1344 68
323025 ACTIVE 18P3-4 $1,098,000 2 2.00 1407 249
324755 ACTIVE 14P5,6 $1,100,000 2 2.00 1344 149
324378 ACTIVE 17 P5,6 $1,150,000 2 2.00 1432 171
322943 ACTIVE 26P1,2 $1,175,000 2 2.00 1344 253
326263 ACTIVE 14P1-2 $1,250,000 2 2.00 1344 67
321768 ACTIVE 27P1&2 $1,495,000 2 2.00 1344 310
321415 ACTIVE 18P5,6 $1,562,000 2 2.00 1344 326
323188 SOLD 12T5,6 $700,000 $700,000 10/5/2007 1 2.00 972 216
323397 SOLD 20P3,4 $1,498,000 $1,238,000 10/15/2007 2 2.00 1419 214
 
IRONWOODS
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market
322140 ACTIVE 83 $3,250,000 2 3.00 2482 292
312950 ACTIVE 24 $3,650,000 2 3.00 2102 816
 
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 429
322886 ACTIVE 1403 $7,100,000 3 3.50 3125 255
319902 ACTIVE 2401 $9,335,000 4 4.50 4271 429
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 220
325972 ACTIVE 2311 $995,000 1 2.00 1162 84
326113 ACTIVE 2512 $998,500 1 2.00 1125 76
323558 ACTIVE 2122 $1,145,000 1 2.00 1150 219
326474 ACTIVE 715 $1,195,000 1 2.00 1162 54
326708 ACTIVE 622 $1,250,000 1 2.00 1150 42
327127 ACTIVE 413-15 $1,575,000 2 3.00 1778 18
326905 ACTIVE 27-2324 $2,150,000 2 3.00 1756 32
326459 ACTIVE 623-24 $2,150,000 3 3.00 1922 55
 
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
324672 ACT 406 MONARCH PLACE $2,895,000 3 3.00 2794 0.2820 155
319927 ACT 104 WOODROSE PL $2,995,000 4 3.50 3350 0.2329 426
322607 ACT 108 Woodrose Place $3,200,000 5 4.50 4145 0.2736 269
327033 ACT 232 Crestview Road $3,950,000 3 3.00 3354 0.4478 27
327451 ACT 334 Cook Pine Drive $4,199,000 3 5.00 3391 0.2509 19
321672 ACT 618 Silversword Drive $5,200,000 3 4.00 4100 0.2432 313
326943 ACT 222 Crestview $5,479,000 4 4.50 4243 0.4774 27
326777 ACT 106 Pulelehua Street $5,600,000 4 5.00 4500 0.4703 38
326639 ACT 108 Pulelehua Street $6,850,000 4 4.50 4486 0.5825 46
320776 ACT 112 Pulelehua Street $7,900,000 2 2.50 4504 0.4700 363
318510 SLD 328 Cook Pine Drive $4,250,000 $3,875,000 10/23/2007 4 4.50 3620 0.2874 509
 
PLANTATION ESTATES
MLS # Status Address List Price Bds Bths Liv A SF Land Acres Days On Market
326239 ACT 700 Mokuleia $5,695,000 3 4.50 3198 2.3000 69
314184 ACT 223 PLANTATION CLUB DRIVE $7,995,000 3 3.50 5366 2.1800 747
326389 ACT 231 Plantation Club Drive $12,800,000 8 8.00 12114 7.2500 60
 
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 142 9
320822 ACTIVE 100 Pulelehua Street $1,899,000 0.559900 361 9
 
PLANTATION ESTATES I & II
MLS # Status Address List Price Land Acres Days On Market Par
324225 ACTIVE 104 Honolua Place $1,750,000 2.175000 178 003
324648 ACTIVE 707 Mokuleia $2,099,000 2.040000 155 63
322017 ACTIVE 219 Plantation Club Drive $2,180,000 2.010000 297 12
324544 ACTIVE 600 Honokohau Street $2,295,000 2.340000 160 54
325796 PENDING - CONT. TO SHOW 221 Plantation Club Drive. Lot 13 $1,550,000 2.340000 93 13
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 Land Acres Days On Market Par
325804 ACTIVE Lot 13 Honolua Ridge, phase I $1,965,000 6.690000 94 13
323674 ACTIVE Lot 12 Honolua Ridge II $1,975,000 3.840000 214 12
317027 ACTIVE lot 22 Honolua Ridge $2,195,000 15.000000 599 22
321807 ACTIVE Lot 15 Honolua Ridge I $2,200,000 4.337000 305 41
322831 ACTIVE Lot 18 Honolua Ridge Phase I $2,295,000 5.700000 257 41
323902 ACTIVE Lot 11 Honolua Ridge Phase I $2,469,000 15.386000 199 11
326611 ACTIVE 107 Ke'oawa Place $2,495,000 4.504000 48 6
326058 ACTIVE Lot 7 Honolua Ridge II $3,300,000 6.090000 80 7
316411 ACTIVE Lot 24 Honolua Ridge II $5,500,000 25.400000 634 tbd
316410 PENDING - DO NOT SHOW Lot 23 Honolua Ridge II $6,000,000 25.000000 634 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 676
325533 ACT 4591 N Lower Honoapiilani Road $5,250,000 6 4.50 4221 0.2500 109
326970 ACT 19 Hale Malia Place $5,395,000 4 3.00 3890 0.3039 27
326820 ACT 1391 Front Street $5,400,000 3 3.00 2609 0.1900 33
323392 ACT 4025 Lower Honoapiilani Road $8,495,000 3 1.00 816 0.8560 227
322056 ACT 1189 HALEPAKA PLACE $9,650,000 4 4.50 2814 0.3444 296
324103 ACT 1181 HALEPAKA STREET $9,875,000 4 4.50 2380 0.2490 186
312915 ACT 4851 LOWER HONOAPIILANI ROAD $9,900,000 5 4.50 6400 0.5849 899
322350 ACT 49 HALE MALIA PLACE $10,900,000 4 4.50 4435 0.2400 282
326284 ACT 6291 Honoapiilani (Alaelae Peninsula) $14,000,000 4 4.50 4351 3.4500 66
323918 ACT 40 KAI ALA PLACE $18,600,000 4 5.50 5348 0.9580 199
324931 ACT 4695 Lower Honoapliilani Rd $23,000,000 12 7.00 7838 2.3480 149
325386 ACT 20 Kai Ala Drive $23,800,000 8 9.50 11076 0.9770 119
 
OCEANFRONT LOTS
MLS # Status Address List Price Land Acres Days On Market Par
321778 ACTIVE Lot 4 C Olowalu $5,800,000 2.000000 309 6
326556 ACTIVE 10 Kai Ala Place $8,500,000 1.160000 51 1
321912 ACTIVE 30 KAI ALA PLACE $10,500,000 0.878000 302 12
 
CONDOMINIUMS
Whaler at Kaanapali Beach
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market LT
323665 ACTIVE 418 $592,500 0 1.00 542 212 Fee Simple
320543 ACTIVE 165 $640,000 0 1.00 542 382 Fee Simple
326907 ACTIVE 765 $650,000 0 1.00 542 30 Fee Simple
312479 ACTIVE 515 $795,000 0 1.00 523 844 Fee Simple
327046 ACTIVE 169 $895,000 1 2.00 905 26 Fee Simple
318552 ACTIVE 319 $900,000 1 1.00 901 513 Leasehold-FA
325335 ACTIVE 720 $949,000 1 1.00 901 123 Fee Simple
326991 ACTIVE 269 $985,000 1 2.00 905 25 Fee Simple
325702 ACTIVE 770 $1,180,000 1 2.00 905 99 Fee Simple
323064 ACTIVE 624 $1,195,000 1 2.00 905 244 Fee Simple
327159 ACTIVE 359 $1,200,000 1 1.00 901 17 Fee Simple
326878 ACTIVE 519 $1,250,000 1 1.00 901 33 Fee Simple
327017 ACTIVE 459 $1,295,000 1 1.00 901 25 Fee Simple
324298 ACTIVE 657 $1,550,000 1 2.00 905 174 Fee Simple
323742 ACTIVE 456 $1,795,000 1 1.00 901 209 Fee Simple
326351 ACTIVE 301 $1,850,000 1 2.00 941 61 Fee Simple
325703 ACTIVE 451 $2,150,000 1 2.00 941 99 Fee Simple
326718 ACTIVE 821/823 $2,979,000 2 2.00 1444 40 Fee Simple
321126 ACTIVE 1221/23 $3,495,000 2 2.00 1444 342 Fee Simple
 
MASTERS at KAANAPALI HILLSIDE
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
322754 ACTIVE 3304 $799,000 2 2.50 1850 262
322071 ACTIVE 1703 $800,000 1 1.50 901 295
325531 ACTIVE 2003 $825,000 1 1.50 901 108
320805 ACTIVE 3703 $975,000 1 1.00 923 362
320209 ACTIVE 3902 $985,000 2 2.00 1269 405
326070 ACTIVE 1503 $1,025,000 2 2.00 1544 76
320391 ACTIVE 1603 $1,070,000 2 2.00 1512 394
326849 ACTIVE 1203 $1,175,000 2 2.00 1512 32
326021 ACTIVE 905 $1,200,000 2 2.00 1544 80
326938 ACTIVE 1006 $1,249,000 2 2.00 1544 27
325437 ACTIVE 3801 $1,250,000 2 2.00 1451 116
326022 ACTIVE 1504 $1,325,000 2 2.00 1544 80
327079 ACTIVE 1306 $1,349,000 2 2.00 1544 20
327396 ACTIVE 2302 $1,475,000 2 2.00 1544 5
327168 ACTIVE 2606 $1,589,000 2 2.00 1728 17
324375 ACTIVE 3001 $1,799,000 2 2.00 1544 172
321619 PENDING - CONT. TO SHOW 2905 $1,436,000 2 2.00 1512 317
323410 PENDING - CONT. TO SHOW 3404 $1,795,000 2 2.50 1850 227
324465 SOLD 2006 $847,000 $775,000 10/11/2007 1 1.50 901 149
322019 SOLD 906 $1,165,000 $1,050,000 10/16/2007 2 2.00 1544 286
 
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
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!
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. This communication is being sent because you have indicated an interest in receiving information on the Kapalua resort and the real estate market here. This message is being sent to you because you are an existing client or have requested to be placed on the email update list.
If this email is being sent in error, or you no longer wish to receive this update, please send an email to that effect to: cbmaui@aol.com
Mahalo for your interest in the Kapalua Resort.
Courtney M. Brown, R (S)
Kapalua Realty
700 Office Road
Lahaina, HI 96761
808-250-0210 Cell
808-665-3794 Direct
808-665-5454 Office
800-545-8439 Toll Free
808-665-3790 Fax