Kapalua Resort, Maui: residential market update
Featured: 222 Crestview, a home for sale in Pineapple Hill, is listed by Courtney M. Brown
Kapalua Homes for Sale: Active and Pending Listings
Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill & Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place. There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.
At the time of this post, there are just seven active listings and no pending sales.
Kapalua Homes for Sale:
Homes for sale in Kapalua range from $4,250,0000 to $41,900,000. They include four homes in Pineapple Hill & Pineapple Hill Estates, two in Plantation Estates and 9 Bay Drive, which is situated on an oceanfront peninsula overlooking Namalu Bay and neighbors the Montage Residences at Kapalua Bay.
Kapalua Resort Home Sales YTD 2022 vs. Prior Years
In 2022, we are seeing a trend toward longer days on market and a higher sales price/sq. ft. That said when looking at the sales statistics, it's important to note some differences.
Summary of Homes Sold in 2022
The average sales price to list price is 97%. There have been some sales at 100% of asking or above. For example, newly constructed homes at Mahana Estates and two turn-key homes in Pineapple Hill and Pineapple Hill Estates. There have also been homes to sell below asking, which tend to be older homes in Pineapple Hill and Plantation Estates, where some updates may be needed or desired, sold at 89-92% of asking.
Note these figures do not include homes or land that aren't part of the Kapalua Resort Association
Kapalua's Residential Communities
PINEAPPLE HILL & PINEAPPLE HILL ESTATES
The four home listings in Pineapple Hill range from $4,250,000 to $6,495,000. There have been seven home sales in Pineapple Hill that have ranged from $2,750,000 to $7,900,000.
There are three lot listings ranging from $1,075,000 to $1,895,000. There have been five lot sales ranging from $879,000 to $1,500,000.
View Pineapple Hill & Pineapple Hill Estates Homes for Sale
View Pineapple Hill & Pineapple Hill Estates Land for Sale
PLANTATION ESTATES AT KAPALUA
There are two homes listed at $12,300,000 and $24,900,000. There have been four sales this year, ranging from $5,425,000 to $7,500,000.
There are two lots listed at $1,795,000 and $2,250,000. There have been three sales this year, ranging from $845,000 to $3,700,000 for a lot along the 18th fairway.
View Plantation Estates Homes for Sale
View Plantation Estates Land for Sale
HONOLUA RIDGE
In Honolua Ridge, there are no active home listings and there has been one home to sell at $5,300,000.
There is one lot listed at $2,950,000 and there have been six lot sales ranging from $1,163,000 to $2,795,000.
View Honolua Ridge Homes for Sale
View Honolua Ridge Land for Sale
MAHANA ESTATES
There are no active home listings at this time. There have been two sales ranging from $4,750,000 to $4,800,000.
There are two lots listed at $1,895,000 and at $2,300,000. There have been four lot sales ranging from $1,200,000 to $1,945,000.
View Mahana Estates Homes for Sale
View Mahana Estates Land for Sale
There are no active lot listings in Mahana Estates at the time of this post.
KAPALUA PLACE & OCEANFRONT HOMES
There is just one oceanfront home for sale in the Resort: 9 Bay Drive at $41,900,000.
There is just one remaining oceanfront lot in Kapalua, which sold in 2020 for $8,000,000 and $108/sq. ft. It will likely soon be developed.
Prepared on 11.1.2022. Sales Data 1.1.2022 through 11.1.2022
If you are thinking of buying or selling in Kapalua, please contact Courtney M. Brown for more detailed information on the market at each of these Kapalua communities,
Kapalua Resort | Condos, Homes & Land for Sale
Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. Interested parties are advised to do their own due diligence and confirm all figures contained herein.
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