New to Market: Alaeloa 30, Napili, Maui
Alaeloa is one of Maui's hidden gems. Behind the gates, off the Lower Honoapiilani Road, this small community is nestled along the Napili coastline. With just 42 residences, a mix of free-standing cottages and duplexes, on 13 acres, this oceanfront enclave is reminiscent of the Maui of my childhood...the cottages are a nod to the Plantation Style of architecture, and the seaside pool is surrounded by a mango grove. Owners have the ability to store kayaks and paddleboards, and the small bay is often home to turtles.
When I met the owners of Alaeloa 30 and saw it for the first time, my eye was immediately drawn to the view. The large lanai offers a vantage point that stretches down the coastline to Kapalua, with surf breaks like Little Makaha and Hole in the Head firing in the distance. Of course, being January, what caught my attention was the whales, which were breaching just a short distance from the lanai.
The owners of Alaeloa 30 have thoughtfully designed the interior, creating a warm inviting space, with floor-to-ceiling windows that bring the dramatic ocean views into focus. The left side of an oceanfront duplex cottage, the lanai is sheltered from the prevailing tradewinds, providing a calm place for dining, reading, or taking in the spectacular sunsets.
Tiled floors and vaulted ceilings, create a calming, open backdrop for the living spaces.
Nestled along the coast, Alaeloa 30 (second building from left, lanai on the right) is situated directly on the water--the sound of the ocean creates a peaceful backdrop for these charming oceanfront cottages.
The lanai from Alaeloa 30 takes in sweeping views of the West Maui coastline down to the Montage Kapalua Bay. For those that love to cook, the Alaeloa is one of the few condominium complexes that will allow personal BBQs on the lanais.
The living room opens to the beautiful ocean view, and the sheltered lanai, which provides a cool and serene retreat in the afternoons. The lighting was upgraded, with dimmers to allow you to adjust the light throughout the home.
The primary bedroom suite features an incredible oceanfront sitting area along with custom built-in cabinetry.
Spend time relaxing, reading or just watching the whales go by from the gracious primary bedroom suite.
The ensuite features soaring ceilings and a spacious walkin shower.
A chef's kitchen, the room is open to the living area, with plenty of room for entertaining.
Guests have a private bedroom with an adjacent bathroom with a walk-in shower.
The flex room features a new sofabed, allowing it to be used for overflow guests or a media room.
Alaeloa is a pet-friendly community, a rarity in West Maui, and this single-level residence features a carport as well.
Vacation rentals are presently allowed under Maui Ordinance 4369, and the current AOAO rules restrict rentals to one rental per 30 day period.
The Floor Plan is for illustrative purposes only. Rendering is taken from Matteport and interested parties should do their own independent verification of the floor plan.
This beautiful residence is offered furnished at $2,985,000 Leasehold. Read More about Leasehold Ownership
Take a Virtual Walkthrough
For more information on this property and the market at Alaeloa, contact Courtney M Brown. This property is co-listed with Rob Shelton, R(B) of Island Sotheby's International Realty.
The Market at Alaeloa
As of the date of this this post, 30 is the only residence actively listed for sale. There are three Alaeloa units pending sale:
| Status | Community | Residence | List Price | Beds | Baths | Sq. Ft. | DOM | LP/Sq. Ft. | MLS # | Tenure |
| Pending | Alaeloa | 3* | $1,275,000 | 2 | 2 | 1,128 | 154 | $1,130 | 392670 | Leasehold |
| Pending | Alaeloa | 15 | $1,900,000 | 2 | 2 | 1,410 | 11 | $1,348 | 394270 | Leasehold |
| Pending | Alaeloa | 27 | $3,195,000 | 3 | 2.5 | 1,528 | 16 | $2,091 | 394216 | Leasehold |
With so few units, there are usually just a handful of sales each year at Alaeloa and some years there have been no sales. 2021 brought with it a frenzy of activity to Maui's real estate market, and Alaeloa was no exception. Sales ranged from 97% to 102% of list price. Properties selling for over list price is a trend we are seeing more of in 2022.
| Status | Community | Residence | List Price | Sold Price | Close Date | Beds | Baths | Sq. Ft. | DOM | SP/Sq. Ft. | SP/LP | MLS # | Tenure |
| SLD | Alaeloa | 30 | $2,100,000 | $2,150,000 | 2/16/21 | 2 | 2 | 1,400 | 50 | $1,536 | 102% | 389787 | Leasehold |
| SLD | Alaeloa | 29 | $1,980,000 | $1,930,000 | 4/1/21 | 2 | 2 | 1,368 | 38 | $1,411 | 97% | 390478 | Leasehold |
| SLD | Alaeloa | 44* | $1,175,000 | $1,175,000 | 7/2/21 | 2 | 2 | 1,128 | 45 | $1,042 | 100% | 392203 | Leasehold |
| SLD | Alaeloa | 23 | $2,750,000 | $2,750,000 | 7/9/21 | 3 | 2 | 1,276 | 53 | $2,155 | 100% | 391530 | Leasehold |
| SLD | Alaeloa | 6* | $1,200,000 | $1,200,000 | 7/30/21 | 2 | 2 | 1,430 | 301 | $839 | 100% | 389337 | Leasehold |
| SLD | Alaeloa | 9 | $3,500,000 | $3,500,000 | 10/15/21 | 4 | 4 | 4,000 | 162 | $875 | 100% | 391392 | Leasehold |
*these units are one half of a duplex
A Historical Perspective: 2016 to 2021
| ALAELOA | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
| Sales Volume | $12,705,000 | $3,625,000 | 0 | $3,225,000 | $4,885,000 | $5,397,799 |
| Number of Sales | 6 | 2 | 0 | 2 | 3 | 6 |
| Low Sales Price | $1,175,000 | $1,225,000 | NA | $875,000 | $690,000 | $610,299 |
| Average Sales Price | $2,117,500 | $1,812,500 | NA | $1,612,500 | $1,628,333 | $899,633 |
| High Sales Price | $3,500,000 | $2,400,000 | NA | $2,350,000 | $2,195,000 | $1,875,000 |
| Average SP/Sq. Ft. | $1,310 | $1,108 | NA | $1,264 | 1044 | $648 |
| Average DOM | 108 | 39.5 | NA | 48 | 163 | 113 |
| Average SP/LP | 100% | 93% | NA | 95% | 94% | 93% |
View Alaeloa Condos for Sale
Alaeloa | Condominium Residences for Sale in Napili
Posted by Courtney M. Brown on
Enjoy this blog post? Click here to subscribe for updates
Leave A Comment