Montage Residences Kapalua Bay: Condominium Listings and Sales
Market Overview September 2021

Montage Residences at Kapalua Bay
Whole Ownership Condominium Residences

Since being rebranded the Montage Residence Kapalua Bay in 2014, sales at the property have soared and 2021 is no exception. 

When originally developed as a Ritz-Carlton Club and Residences in 2008, the property was comprised of 84 wholly-owned three and four-bedroom residences, some of the largest condominiums available in West Maui.  These residences are known as the Grand Residences, and are located in buildings 1, 2, 5 and 6, have three and four bedrooms, and ranged from 2,789 to 4,055 sq. ft. 

The development also included 62 smaller two and three-bedroom residences that

The Montage Kapalua Bay is introducing a new Luau to its offerings at the Beach Club at Kapalua Bay (one of my favorite locations on the island, the Beach Club is located overlooking Kapalua Bay).

Unlike most public luaus in Hawaii, The Beach Club Luau at Kapalua Bay will be an intimate affair, providing guests with a more personal and authentic Hawaiian luau experience. The up-close event will only host up to 40 people. While guests at The Beach Club Luau will still sit at communal tables, its small size will afford all guests a front row seat.

Each guest will receive coursed gourmet luau bento boxes, curated by Executive Chef Eric Faivre filled with modern luau favorites. For more information, click here.

Held on Tuesdays.  For

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

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.

Along with the rest of the country, Maui's real estate market has been far more active than last year during the pandemic.  

The report notes "New Listings remained flat for Single Family homes but decreased 48.0 percent for Condominium properties. Pending Sales increased 15.0 percent for Single Family homes and 31.5 percent for Condominium homes. Inventory decreased 45.1 percent for Single Family homes and 82.7 percent for Condominium homes.

Median Sales Price increased 30.2 percent to $1,040,000 for Single Family homes but decreased 2.0 percent to $650,000 for Condominium homes. Days on Market decreased 11.6 percent for Single Family homes and 44.4

The Kapalua Resort: Residential Market Update
Home and Land Sales, August 30, 2021

Updated 8/31/2021

The Kapalua Resort is comprised of five residential communities, along with four oceanfront parcels with private residences.  Each neighborhood is distinct, and amenities and lot sizes vary considerably. 

Lots in Pineapple Hill tend to be approximately a quarter acre, and approximately a half-acre in Pineapple Hill Estates and are situated overlooking the Kapalua Bay Course.  The Mahana Estates is Kapalua's newest residential community, with lots ranging from .64 to 4.3 acres.  The lower portion of the Mahana Estates development borders the Plantation Course.  The Plantation Estates homesites are situated along the Plantation Course, and are 2+

Pineapple Hill, Kapalua, Maui: Market Update August, 2021

1202 Summer closed for $3,700,000 in April, 2021

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?

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.

Along with the rest of the country, Maui's real estate market has been far more active than last year during the pandemic.  The number of sales has increased dramatically across all market sectors--homes, condos and land.  The median price has increased as well, in part spurred by oceanfront home and resort sales.  We are seeing fewer condominium sales than we did in July. However, it should be noted that inventory is down dramatically.

As of the date of this post:

MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES THROUGH 7/31/2021

Active Listings: 194 homes from $390,000 (Hawaiian Home Lands) to $26,000,000
Pending: 234 homes from $430,000

The Ridge at Kapalua: Ridge Villa 1823

The Ridge at Kapalua has long been one of Kapalua's most desirable condominium communities.  Nestled along the Kapalua Bay Course, the Kapalua Ridge Villas is a low-density development comprised of 161 one and two bedroom villas on close to 21.8 acres.  Onsite amenities include two pools.  The Ridge Villas is located across the street from the beach access points to Oneloa Bay and Kapalua Bay.

Ridge Villa 1823 is a sought-after, two bedroom townhouse style villa.  The floorplan provides spacious interiors coupled with a large lanai off of the living room, and private lanais for each bedroom suite.

The lanai overlooks the first hole of the popular Kapalua Bay Course.  Perched on the hill, the views extend

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.

Along with the rest of the country, Maui's real estate market has been far more active than last year during the pandemic.  The number of sales has increased dramatically across all market sectors--homes, condos and land.  The median price has increased as well, in part spurred by oceanfront home and resort sales.

The days on market is down for both homes and land, but is up for land, which tends to be a slower-moving market on the whole, as it doesn't allow immediate use and enjoyment and the building process does take time.

Read the full report and see how it compares to prior years here: Maui Real Estate Statistics

Maui Property Taxes 2021-2022
Changes: Classifications & Rates

Each year, Maui County does two things: assesses the value of the property AND sets new rates for the upcoming fiscal year, which runs from July 1st-June 30th.  Also of note is the passing of Bill 129 (effective 2022) which provides an exemption for properties being rented long term and Bill 130 (effective 2021) which changes definitions relating to Non-Owner Occupied properties and Short-Term Rental classifications.

How do you calculate your property taxes given the new tiered system?

Fidelity National Title put together this helpful video when the new tiered system was introduced in 2020.  

Maui County Property Tax Rates 2021-2022 vs Prior Years

Rates are per $1000 of