Pineapple Hill, Kapalua, Maui: Market Update and New Listing Spotlight, September 2021
New to the market: 324 Cook Pine Drive is a 3B/3.5B home currently offered at $2,999,000
Introducing 324 Cook Pine Drive
The lanai view from 324 Cook Pine Drive
The living room view at 324 Cook Pine Drive
This beautiful home features expansive ocean and island views. The owners have loved this location for its private setting and the tranquil gardens, which feature a large pool with a soothing waterfall. Since their purchase, the owners have lovingly renovated the home: the kitchen features new cabinetry and Caeserstone counters. The focal point of the living room is a modern Dimplex fireplace with remote control and a new bar that compliments the kitchen. Additional features include travertine floors on the ground level, and carpeting in all of the bedroom suites upstairs. The gated Pineapple Hill community is popular and sought after for its central location in the Kapalua Resort, and amenities, which include an owner's pavilion, pool, and tennis courts
About Pineapple Hill:
Nestled on the leeward side of the Kapalua Resort, Pineapple Hill is one of the resort's most popular residential communities. The first phase is comprised of homes on lots of approximately a quarter acre, although you do see larger homes built on two or more contiguous lots. In 2001, Pineapple Hill Estates was annexed into the development and is comprised of lots approximately a half an acre in size.
Owners in Pineapple Hill have access to a community pool, tennis and pickleball courts, and beautifully landscaped grounds.
Pineapple Hill Market Overview: Where are we now, and how has the market changed?
As with much of the US, homes have become very desirable here on Maui and Pineapple Hill is no exception. Home inventory is very low with just five homes actively listed for sale, all in Pineapple Hill Phase I. Two are situated on single lots, listed at $2,795,000 and $2,999,000. There are three homes, each on a double lot, ranging from $4,995,000 and $8,995,000. View Pineapple Hill Homes for Sale
There are more vacant lot listings, with four total: three listings in Pineapple Hill Phase I ranging from $879,000 to $1,090,000, and one lot in Pineapple Hill Estates (Phase II) listed at $1,200,000. There is one lot pending in Pineapple Hill Estates, listed at $1,195,000. View Pineapple Hill Land for Sale
Pineapple Hill Home Sales Year to Date
| Address | List Price | Sold Price | Closing Date | Beds | Baths | SQ. FT. | Land Acres | Days On Market | $/SQ.FT. | Built | MLS # |
| 708 Fairway Dr | $2,825,000 | $2,700,000 | 1/5/21 | 3 | 3.5 | 3,238 | 0.20 | 22 | $834 | 1988 | 389627 |
| 1214 Summer Rd | $2,950,000 | $2,700,000 | 1/25/21 | 3 | 3.5 | 3,598 | 0.26 | 182 | $750 | 1994 | 387922 |
| 114 Woodrose Pl | $2,330,000 | $2,062,500 | 2/25/21 | 3 | 4 | 3,560 | 0.35 | 288 | $579 | 1997 | 387021 |
| 508 Pacific Dr | $2,850,000 | $2,550,000 | 2/26/21 | 4 | 4.5 | 4,105 | 0.21 | 141 | $621 | 1999 | 388871 |
| 1212 Summer Rd | $5,900,000 | $4,850,000 | 3/31/21 | 8 | 8.5 | 8,174 | 0.79 | 299 | $593 | 2000 | 387279 |
| 1202 Summer Rd | $3,750,000 | $3,700,000 | 4/9/21 | 3 | 3 | 3,586 | 0.30 | 71 | $1,032 | 2003 | 390126 |
| 310 Cook Pine Dr | $2,500,000 | $2,460,000 | 4/23/21 | 3 | 3.5 | 3,626 | 0.24 | 54 | $678 | 1998 | 391230 |
| 504 Pacific Dr | $2,495,000 | $2,395,000 | 5/11/21 | 3 | 3 | 2,877 | 0.24 | 172 | $832 | 1988 | 389363 |
| 708 Fairway Dr | $2,925,000 | $2,925,000 | 5/25/21 | 3 | 3.5 | 3,238 | 0.20 | 0 | $903 | 1988 | 391650 |
| 710 Fairway Dr | $2,698,000 | $2,750,000 | 6/17/21 | 3 | 3.5 | 3,666 | 0.20 | 87 | $750 | 1990 | 390828 |
| 112 Pulelehua St | $3,450,000 | $3,350,000 | 7/6/21 | 3 | 2.5 | 4,504 | 0.47 | 563 | $744 | 2002 | 385476 |
| 618 Silversword Dr | $3,995,000 | $3,995,000 | 7/28/21 | 3 | 4 | 4,071 | 0.24 | 47 | $981 | 1998 | 391842 |
| 102 Woodrose Pl | $2,600,000 | $2,525,000 | 8/3/21 | 3 | 3.5 | 3,812 | 0.26 | 130 | $662 | 1988 | 390902 |
Pineapple Hill Home Sales: YTD 2021 vs. YTD 2020
| Pineapple Hill & Pineapple Hill Estates Home Sales Through 9.13 | 2021 | 2020 | Change |
| Numer of Sales | 13 | 4 | +225% |
| Average Sales Price | $2,997,115 | $2,217,500 | +35% |
| Average Sales Price/Sq. ft. | $766 | $573 | +35% |
| Average DOM | 158 | 207 | -24% |
Pineapple Hill Home Sales:
Homes in Pineapple Hill represent a good value within the Maui Resort market, and that is evident with homes spending less time on the market.
When comparing 2019 to 2020, the average sales price has increased slightly, but the average sales price/sq. ft. has actually decreased slightly. It is not surprising there are fewer sales in 2020 as travel restrictions were in place for the better part of six months. Only two sales occurred during the travel restrictions, and half of the year's sales occurred after the state implemented its pre-travel testing program.
Once the quarantine requirements were lifted in October 2020, we began to see more sales and a dramatic increase in sales volume, average sales price, and sales price/sq. ft., increased dramatically in 2021.
Pineapple Hill Home Sales: 2020 vs. 2019
| Pineapple Hill & Pineapple Hill Estates | 2020 | 2019 | Change |
| Numer of Sales | 10 | 15 | -33% |
| Average Sales Price | $2,718,700 | $2,388,935 | +14% |
| Average Sales Price/Sq. ft. | $696 | $692 | +1% |
| Average DOM | 137 | 262 | -48% |
For more information on homes and land for sale in Pineapple Hill, please contact Courtney Brown, R(S)
PINEAPPLE HILL | Homes for Sale
Posted by Courtney M. Brown on
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