KAPALUA RESORT CONDO SALES: 

KAPALUA VILLAS & THE LUXURY CONDOMINIUM SECTOR

Comparing the YTD sales in the various Kapalua condominium communities, we are seeing increases in some areas and not in others. I have broken the graphs below into two segments: the Kapalua Villas (Bay, Ridge and Golf) and the Luxury Condominium Segment (Montage Residences, Kapalua Bay, Coconut Grove, Ironwoods and the Ritz-Carlton Residences).

KAPALUA RESORT CONDOMINIUM SALES: Key Metrics
CONDO SALES: January 1-July 31, 2017 vs. January 1- July 31, 2016

A Look at the Resort Markets as compared with the overall Maui Real Estate Market.

Maui's Resort Markets of Kaanapali, Kapalua, Wailea 

January 1-July 31, 2017 vs. January 1- July 31, 2016

Comparing the YTD sales in the resort markets with the same period in 2016, we are seeing more condo sales in Kapalua and Wailea and Makena, while in Kaanpali, condo sales is down. Inventory is increasing in the condo markets, with the exception of Wailea, which has an absorption rate of just 9.2 months.  Part of the substantial growth in the Kapalua Condominium Market can be attributed to sales at the Montage Residences Kapalua Bay with 3 sales ranging from $3.795-$6.475M (which is the highest condominium sale on record for 2017 on Maui), and Coconut Grove

The Plantation Estates, Kapalua, Maui

600 Honokohau: Undeveloped Land for Sale in the Plantation Estates, Kapalua

The golden rule of real estate is Location, Location, Location.  However, on Maui the location's value is enhanced by a rather intangible characteristic that varies based on personal preference: view.

Not all homesites are crated equally...this is particularly true here in Kapalua's Plantation Estates, where view is everything to a buyer and has a tremendous impact on valuations. Added to that are more subtle factors, such orientation with regard to the prevailing trade winds and the sunset, buildable area, and whether there will be a lot of site work involved. The ideal orientation for most in Kapalua is to face the channel between

Hōkūleʻa Returns to Honolua Bay, Kapalua, Maui in the Mahalo, Hawai'i Sail

Photo Courtesy of Multicopter Maui

Back on May 1, 1976, my father took me to Honolua Bay to see the Hōkūleʻa embark on its maiden voyage to Tahiti.  Several of his childhood friends were crew members on this double hulled voyaging canoe, named after the star of gladness, and we watched as they left the Bay setting sail to chart the course of their ancestors.  I was quite young, and the memories come in flashes, so I don't recall the size of the crowd back then, but my father tells me it was a fairly small gathering.

Since that time, the Hōkūleʻa has celebrated 40 years of voyaging, been proclaimed Hawaii's first state treasure, and has been blessed by the Dalai Lama

Kapalua Condominium Sales: Market Spotlight on Coconut Grove Kapalua Bay and Montage Residences Kapalua Bay

For prospective buyers of luxury oceanfront condominium residences in Kapalua, the Coconut Grove Kapalua Bay and Montage Residences Kapalua Bay are often compared and considered for the similarity of size and their location overlooking Maui's much loved Kapalua Bay.  While both offer three bedroom and three bedroom plus den floor plans and are in similar price ranges, there are some very important differences:

The Champagne Hale: Summer Pops Up at Kapalua's Cliff House

THE MONTAGE, KAPALUA BAY, KAPALUA, MAUI, HAWAII

If you find yourself in Kapalua this summer, one of the most special and iconic spots, the Cliff House, is transformed into an exclusive pop-up bar and lounge.  

The Cliff House has long been one of my favorite spots on all of Maui, having first spent time at the historic site with my father prior to the hotel being built.  

Now, Montage Kapalua Bay is partnering with Veuve Cliquot Champagnes and Chef David Viviano for a one of a kind experience.  There's no better place to watch the sunset, all the while enjoying tasty pupus including oysters, poke, local surfing goat cheese, and bubbles...lots and lots of bubbles.

When: June 29

Maui Luxury Real Estate

Maui Ranks Amongst the Top 10 Luxury Real Estate Markets in 2016 and an Overview of Maui Luxury Real Estate Sales in 2018

Per Realtor.com's Luxury Home Index Research Report, Maui ranks 8th in the Nation's Top County Level Luxury Real Estate Markets, behind markets such as San Francisco, Brooklyn, Los Angeles, Manhattan, Santa Clara, San Mateo, and Marin.  The next Hawaii county real estate market to make the list is Kauai at #17.

Maui one of the Hottest Luxury Housing Markets in 2016

Previously Maui had ranked #17 on the list, making it also one of the "Top 20 Movers" which identifies the hottest markets as those that have moved the fastest since last year amongst the highest 100 ranked counties across seven

Maui Property Tax Rates Announced for 2017-2018 Fiscal Year

Per the Maui News article on June 5, 2017, the Maui County Council approved the new property tax rates for the July 1, 2017-June 30, 2018 Fiscal Year.

Maui County Property Tax Rates 2017 to 2018

The figures below show the rates for each year.  Traditionally, the lowest tax rate is for Homeowner, where this is their declared primary residence.  The highest tax rate remains the Time Share Classification.  The figures below are the Rate($)/Million of Assessed Value.

Change in tax rates by classification over 2016-2017 fiscal year:

Taxes increased across all categories from last year to this year, with the larges increase in those properties classified for use as Industrial,

MAUI VACATION RENTAL (TRANSIENT ACCOMMODATIONS) FAQs

This post has been updated as of June, 2022:  Read the Updated Post on Maui Vacation Rentals and Short Term Rentals

As a realtor here on Maui, working primarily in resort areas, the most frequently asked questions I encounter are "can I vacation rent this property when I'm not using it?" and, if so, "can I manage the property myself on a website like VRBO or AirBnB?".  

The answer is, it depends. It isn't always straightforward, as there are several factors to consider that may govern the use of the property as a short term Transient Vacation Rental (TVR), including, but not limited to, state laws and statutes, Maui county zoning rules and regulations, and CC&R's (Declaration of Covenants,

Maui Today: 18:00 hours, Kapalua, Maui, Hawaii

At this moment, the sun bathed everything in gold

Sunset at the Plantation Course, Kapalua, Maui.

Want to see this every day? View homes for sale in the Plantation Estates