Kaanapali Resort Condominium Market Update | Q 1 2024

Posted by Courtney M. Brown on Friday, April 5th, 2024 at 3:32pm.

KAANAPALI CONDOMINIUM MARKET UPDATE: Q1 2024

Kaanapali Condos for Sale

Kaanapali Resort Condominiums

Kaanapali Condominiums

Kaanapali is home to several different condominium communities, with offerings ranging from studios to four-bedroom condominiums.  Located along Kaanapali Beach are the Kaanapali Alii and Whaler, and located on Kahekili are the Maui Kaanapali Villas, Honua Kai, Mahana and Maui Kai.  Surrounding the Golf Course, you'll find the Maui Eldorado, the Masters, Kaanapali Plantation, International Colony Club and Vintage.

Kaanapali Resort Condos 2024 2023 2022 2021 2020 2019
Number of Sales 23 70 148 237 159 168
Volume $37,105,000 $123,054,600 $247,257,475 $321,700,298 $212,877,531 $205,331,916
Low Sales Price $520,000 $475,000 $325,000 $318,000 $319,000 $240,000
High Sales Price $4,625,000 $5,650,000 $5,899,000 $5,400,000 $3,300,000 $4,995,000
Median $1,550,000 $1,500,000 $1,412,500 $995,000 $1,050,000 $952,500
Average SP $1,613,261 $1,757,923 $1,670,659 $1,357,385 $1,338,852 $1,222,214
Average SP/Sq. Ft. $1,707 $1,617 $1,486 $1,158 $955 $1,010
Average DOM 99 103 90 127 248 218
Average SP/LP 97% 96% 98% 98% 96% 97%
There are a mix of leasehold and fee simple condominiums in Kaanapali      

 

How does the market through the first quarter of 2024 stack up for each community as compared with prior years?

A FIVE-YEAR OVERVIEW

Honua Kai

Honua Kai: condos for sale All Buildings

Honua Kai Q1 2024 2023 2022 2021 2020 2019
Sales 8 18 45 63 72 57
Volume $14,925,000 $37,688,999 $112,632,875 $121,182,648 $137,972,250 $91,809,500
Low SP $1,275,000 $1,200,000 $1,150,000 $807,500 $735,000 $774,000
High SP $2,950,000 $5,525,000 $5,899,000 $5,400,000 $3,199,000 $3,300,000
Median SP $1,667,500 $1,843,500 $1,900,000 $1,550,000 $2,119,750 $1,700,000
Average SP $1,865,625 $2,093,778 $2,502,953 $1,923,534 $1,916,281 $1,610,693
Average SP/Sq. Ft $2,348 $2,178 $2,154 $1,498 $1,139 $1,190
Average DOM 74 114 97 137 404 318
Average SP/LP 98% 96% 98% 98% 98% 98%

International Colony Club

International Colony Club condos for sale

International Colony Club Q1 2024 2023 2022 2021 2020 2019
Sales 0 2 0 5 1 1
Volume NA $2,910,000 NA $3,150,000 $575,000 $618,000
Low SP NA $1,310,000 NA $600,000 $575,000 $618,000
High SP NA $1,600,000 NA $680,000 $575,000 $618,000
Median SP NA $1,455,000 NA $620,000 $575,000 $618,000
Average SP NA $1,455,000 NA $630,000 $575,000 $618,000
Average SP/Sq. Ft NA $1,035 NA $556 $614 $445
Average DOM NA 41 NA 143 127 237
Average SP/LP NA 101% NA 100% 96% 98%

Kaanapali Alii

Kaanapali Alii condos for sale

Kaanapali Alii Q1 2024 2023 2022 2021 2020 2019
Sales 1 6 12 27 9 16
Volume $4,625,000 $23,125,000 $31,841,600 $66,456,000 $18,215,000 $39,230,000
Low SP $4,625,000 $2,350,000 $1,020,000* $918,000* $1,200,000 $1,100,000
High SP $4,625,000 $5,650,000 $4,596,600 $5,000,000 $3,300,000 $4,995,000
Median SP $4,625,000 $3,787,500 $2,387,500 $2,300,000 $1,700,000 $2,147,500
Average SP $4,625,000 $3,854,167 $2,653,467 $2,461,333 $2,023,889 $2,451,875
Average SP/Sq. Ft $2,815 $2,427 $1,739 $1,595 $1,248 $1,560
Average DOM 129 76 97 125 129 213
Average SP/LP 95% 96% 96% 97% 92% 95%

Kaanapali Plantation

Kaanapali Plantation condos for sale

Kaanapali Plantation Q1 2024 2023 2022 2021 2020 2019
Sales 2 1 9 11 4 3
Volume $2,575,000 $1,375,000 $11,244,000 $8,570,250 $3,190,000 $2,039,000
Low SP $1,275,000 $1,375,000 $860,000 $448,000 $755,000 $629,000
High SP $1,300,000 $1,375,000 $1,500,000 $1,200,000 $870,000 $780,000
Median SP $1,287,500 $1,375,000 $1,325,000 $731,250 $782,500 $630,000
Average SP $1,287,500 $1,375,000 $1,249,333 $779,114 $797,500 $679,667
Average SP/Sq. Ft $974 $1,194 $979 $595 $558 $544
Average DOM 76 77 60 129 127 $282
Average SP/LP 99% 92% 97% 98% 95% 97%

Kaanapali Royal

Kaanapali Royal condos for sale

Kaanapali Royal Q1 2024 2023 2022 2021 2020 2019
Sales 3 4 2 3 6 9
Volume $4,475,000 $6,620,000 $2,455,000 $2,792,000 $4,372,500 $6,997,750
Low SP $1,350,000 $1,500,000 $1,160,000 $820,000 $350,000* $705,000
High SP $1,575,000 $1,950,000 $1,295,000 $1,100,000 $850,000 $864,750
Median SP $1,550,000 $1,585,000 $1,227,500 $872,000 $795,000 $765,000
Average SP $1,491,667 $1,655,000 $1,227,500 $930,667 $728,750 $777,528
Average SP/Sq. Ft $958 $1,057 $805 $571 $478 $504
Average DOM 121 85 35 99 99 101
Average SP/LP 96% 95% 108% 103% 97% 97%
* Leasehold sales in 2017 and 2020          

Kaanapali Shores

Kaanapali Shores condos for sale

Kaanapali Shores Q1 2024 2023 2022 2021 2020 2019
Sales 2 11 29 33 15 15
Volume $2,325,000 $12,429,900 $26,657,500 $25,358,000 $9,727,381 $9,938,167
Low SP $1,050,000 $650,000* $325,000* $318,000* $320,000* $365,000
High SP $1,275,000 $2,500,000 $2,360,000 $2,125,000 $950,000 $997,000
Median SP $1,162,500 $979,900 $810,000 $700,000 $645,000 $557,500
Average SP $1,162,500 $1,129,991 $919,224 $768,424 $635,159 $621,135
Average SP/Sq. Ft $1,377 $1,261 $1,098 $931 $781 $830
Average DOM 68 115 91 145 142 117
Average SP/LP 93% 97% 98% 98% 95% 97%
*There were leasehold sales every year except 2024.  Low is marked with the asterisk    

The Mahana at Kaanapali

The Mahana at Kaanapali condos for sale

Mahana Q1 2024 2023 2022 2021 2020 2019
Sales 1 7 21 12 5 9
Volume $835,000 $10,582,500 $26,241,500 $14,372,400 $4,858,000 $8,302,000
Low SP $835,000 $1,175,000 $772,500 $725,000 $640,000 $625,000
High SP $835,000 $3,005,000 $2,300,000 $1,725,000 $1,650,000 $1,850,000
Median SP $835,000 $1,227,500 $1,160,000 $1,197,500 $880,000 $825,000
Average SP $835,000 $1,511,788 $1,249,595 $1,197,708 $971,600 $922,444
Average SP/Sq. Ft $1,831 $1,655 $1,591 $1,330 $1,314 $1,174
Average DOM 21 126 78 253 161 140
Average SP/LP 100% 97% 97% 97% 96% 98%

Maui Eldorado

Maui Eldorado condos for sale

Maui Eldorado Q1 2024 2023 2022 2021 2020 2019
Sales 1 6 10 12 10 12
Volume $520,000 $4,657,700 $7,011,000 $6,803,500 $4,302,500 $4,766,000
Low SP $520,000 $475,000 $415,000 $345,000 $240,000 $240,000
High SP $520,000 $1,250,000 $1,137,500 $965,000 $835,000 $835,000
Median SP $520,000 $591,350 $616,250 $460,750 $403,750 $332,500
Average SP $520,000 $776,283 $701,100 $566,958 $430,250 $397,167
Average SP/Sq. Ft $912 $858 $657 $559 $458 $458
Average DOM 94 88 64 131 79 79
Average SP/LP 97% 95% 101% 98% 96% 96%
Maui Eldorado is a Leasehold property          

Maui Kaanapali Villas

Maui Kaanapali Villas condos for sale

Maui Kaanapali Villas Q1 2024 2023 2022 2021 2020 2019
Sales 1 0 6 15 10 5
Volume $1,095,000 NA $4,615,000 $9,598,900 $5,884,400 $3,695,000
Low SP $1,095,000 NA $400,000 $345,000 $432,500 $430,000
High SP $1,095,000 NA $1,100,000 $915,000 $799,000 $1,050,000
Median SP $1,095,000 NA $767,500 $625,000 $487,450 $760,000
Average SP $1,095,000 NA $769,167 $639,927 $588,440 $739,000
Average SP/Sq. Ft $1,190 NA $1,154 $985 $889 $932
Average DOM 24 NA 111 64 54 49
Average SP/LP 100% NA 99% 98% 98% 100%

  

Maui Kai

Maui Kai condos for sale

Masters Q1 2024 2023 2022 2021 2020 2019
Sales 1 1 7 6 6 9
Volume $680,000 $935,000 $5,308,000 $3,541,000 $3,199,000 $4,899,000
Low SP $935,000 $935,000 $560,000 $458,000 $415,000 $430,000
High SP $935,000 $935,000 $1,090,000 $785,000 $675,000 $745,000
Median SP $935,000 $935,000 $665,000 $526,500 $525,000 $525,000
Average SP $935,000 $935,000 $758,286 $590,167 $533,167 $544,333
Average SP/Sq. Ft $1,722 $1,445 $1,530 $1,257 $1,052 $1,033
Average DOM 28 38 64 151 193 202
Average SP/LP 99% 100% 101% 99% 95% 96%

  

The Masters at Kaanapali Hillside

The Masters at Kaanapali Hillside condos for sale

Masters Q1 2024 2023 2022 2021 2020 2019
Sales 0 9 17 31 15 18
Volume NA $14,390,000 $25,371,000 $34,802,000 $13,586,500 $15,498,500
Low SP NA $1,275,000 $900,000 $675,000 $575,000 $550,000
High SP NA $1,990,000 $2,175,000 $1,929,000 $1,300,000 $1,400,000
Median SP NA $1,600,000 $1,565,000 $1,107,000 $945,000 $852,000
Average SP NA $1,598,889 $1,492,412 $1,122,645 $905,766 $861,028
Average SP/Sq. Ft NA $1,035 $989 $796 $639 $660
Average DOM NA 165 62 133 97 225
Average SP/LP NA 93% 100% 98% 95% 95%

 

The Vintage at Kaanapali

The Vintage condos for sale

Vintage Q1 2024 2023 2022 2021 2020 2019
Sales 1 3 3 7 4 6
Volume $2,100,000 $5,574,000 $5,190,000 $9,734,000 $4,573,000 $6,840,999
Low SP $2,100,000 $1,775,000 $1,200,000 $1,100,000 $950,000 $890,999
High SP $2,100,000 $1,999,000 $1,995,000 $1,620,000 $1,375,000 $1,425,000
Median SP $2,100,000 $1,800,000 $1,995,000 $1,360,000 $1,124,000 $1,125,000
Average SP $2,100,000 $1,858,000 $1,730,000 $1,390,571 $1,143,250 $1,140,167
Average SP/Sq. Ft $1,167 $931 $797 $693 $621 $610
Average DOM 292 104 203 87 148 237
Average SP/LP 92% 96% 97% 99% 96% 94%

 

The Whaler at Kaanapali Beach

The Whaler at Kaanapali Beach condos for sale

Whaler Q1 2024 2023 2022 2021* 2020 2019
Sales 2 5 8 24 7 16
Volume $2,950,000 $6,650,000 $14,931,500 $29,712,000 $7,480,000 $19,000,000
Low SP $1,300,000 $1,085,000 $1,080,000 $500,000 $795,000 $750,000
High SP $1,650,000 $1,420,000 $3,970,000 $3,650,000 $1,250,000 $2,750,000
Median SP $1,475,000 $1,395,000 $1,575,000 $945,500 $1,100,000 $945,000
Average SP $1,475,000 $1,330,000 $1,866,438 $1,238,000 $1,068,571 $1,187,500
Average SP/Sq. Ft $1,630 $2,473 $1,959 $1,524 $1,266 $1,380
Average DOM 223 48 85 116 150 173
Average SP/LP 96% 103% 98% 98% 91% 95%
*Leasehold Sale occurred in this year          

 

If you are thinking of buying or selling in Kaanapali, please contact Courtney M. Brown for more detailed information on the market at each of these Kaanapali communities

88 Properties Found. Page 4 of 8

This Luxurious 2 Bedrooms, 2 Bathrooms, Bright ...

Photo of Listing #401512

$1,490,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 964 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 737, Kaanapali, HI

MLS® #401512

Listed By: Hawaii Lani Realty

This Luxurious 2 Bedrooms, 2 Bathrooms, Bright Ambient Living Room Area With Fully Furnished Kitchen, Equipped With Glass Cook-top Electric Range W/oven, Microwave, Dishwasher, Granite Countertops, Custom Kitchenware Cabinetry, Complimented With An Island G...

Enjoy The Resort Lifestyle In Luxury With Stunn...

Photo of Listing #401511

$1,120,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 10.1 Acres
  • 717 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 947, Kaanapali, HI

MLS® #401511

Listed By: Hawaii Lani Realty

Enjoy The Resort Lifestyle In Luxury With Stunning View Of The Ocean And Island Of Molokai From The Living And Dining Area Or As A Rental Income Property. Currently Managed By Aqua-aston Resorts. This 1-bedroom,1-bathroom Penthouse Unit Has Fully Equippe...

Mahana #811 Is Today's Best Opportunity To Own ...

Photo of Listing #401488

$2,995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,178 ft²

Residential

110 Kaanapali Shores Pl, Unit 811, Kaanapali, HI

MLS® #401488

Listed By: Hawaii Life (L)
Office Contact: Cell: 808-281-2178

Mahana #811 Is Today's Best Opportunity To Own A 2bd/2ba Direct Beachfront, Corner Residence Hotel Zoned Maui Vacation Rental. Jaw Dropping Unobstructed Views And Stellar Historical Income Production Gets You Off The Fence To Invest Today. She's Stunning Wi...

Welcome To 147 Kualapa Place, Unit 47, Nestled ...

REDUCED 4% Photo of Listing #401469

$2,350,000 Active Fee Simple

  • 4 Beds
  • 3 Baths
  • 16.95 Acres
  • 2,330 ft²

Residential

147 Kualapa Pl, Unit 47, Kaanapali, HI

MLS® #401469

Listed By: Hawaii Life (KAP)
Office Contact: Cell: 808-205-3995

Welcome To 147 Kualapa Place, Unit 47, Nestled Within The Prestigious Gated Community Of The Vintage At Ka'anapali. If You Are Looking For A Single-family Home, This Is The Perfect Alternative. Live In A Detached Home But Enjoy The Benefits Of Condo Living!...

Welcome Home To The Vintage At Kaanapali. This ...

REDUCED 5% Photo of Listing #401473

$1,995,000 Active Fee Simple

  • 3 Beds
  • 3 Baths
  • 16.95 Acres
  • 2,022 ft²

Residential

153 Kualapa Pl, Unit 53, Kaanapali, HI

MLS® #401473

Listed By: Island Sotheby's Int'l Rlty(L)
Office Contact: Cell: 808-250-0210

Welcome Home To The Vintage At Kaanapali. This Charming Cottage Is Beautifully Renovated. The Many Upgrades Include Hardwood Light Oak Floors, And The Kitchen Has Been Reimagined With All New Cabinetry And Countertops, A Redesigned Kitchen Island, New Appl...

This One Bedroom, Two Bath Unit At Kaanapali Al...

Photo of Listing #401456

$3,170,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,441 ft²

Residential

50 Nohea Kai Dr, Unit 1-801, Kaanapali, HI

MLS® #401456

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-283-3067

This One Bedroom, Two Bath Unit At Kaanapali Alii Includes A Den Currently Being Utilized As A Second Bedroom. This Unit Has A Prime Location With Spectacular Ocean Views Overlooking The World Famous Kaanapali Beach, Black Rock, And The Majestic West Maui M...

This Stunning Corner Unit With Phenomenal Views...

Photo of Listing #401438

$2,995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,178 ft²

Residential

110 Kaanapali Shores Pl, Unit 211, Kaanapali, HI

MLS® #401438

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-276-6061

This Stunning Corner Unit With Phenomenal Views Of The Crystal Clear Kaanapali Waters Lapping Up On The Beach Below, Also Features The Bi-island Views Of The Molokai And Lanai As A Backdrop. The Orientation Of This Luxury Apartment Allows For Delicious Trad...

Cost-free Luxury Living: The Owner Agrees To P...

Photo of Listing #401393

$2,690,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 34.82 Acres
  • 1,215 ft²

Residential

N/A, Kaanapali, HI

MLS® #401393

Listed By: Welcome Hawaii Properties
Office Contact: Cell: 808-280-2480

Cost-free Luxury Living: The Owner Agrees To Pay The First Year Of Hoa Fees, The First Year Of Real Estate Taxes, And The First Year Of Electricity Charges For An Accepted Offer That Proceeds To A Successful Close Received By August 31st, 2024. Honua Kai...

Enjoy A Stunning Ocean View Across The Blue Pac...

REDUCED 3% Photo of Listing #401379

$785,000 Active Fee Simple

  • 1 Baths
  • 10.1 Acres
  • 507 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 836, Kaanapali, HI

MLS® #401379

Listed By: Maui Paradise Properties LLC
Office Contact: 808-661-1535

Enjoy A Stunning Ocean View Across The Blue Pacific. Your Lanai Is The Perfect Spot For Morning Coffee And Whale Watching. This Unit Will Sleep Four With Its High End Sofa Sleeper. It Has A Full Kitchen With A Full Size Stove, Oven And Dishwasher. The Cabi...

Whaler 769 Has Been Owned By One Family For The...

Photo of Listing #401844

$1,645,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 6.67 Acres
  • 905 ft²

Residential

2481 Kaanapali Pkwy, Unit 769, Kaanapali, HI

MLS® #401844

Listed By: Monte D Fitts REALTOR

Whaler 769 Has Been Owned By One Family For The Last 35 Years. It's Never Been In A Rental Program And It Shows. The Property Is Offered Turnkey For Rentals Or Is Ready As Your Own Retreat. Its Location High On The South Side Of Tower 2 Offers Views Of T...

Konea 239 Is An Elegantly Remodeled Oceanview R...

Photo of Listing #401333

$3,250,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 34.82 Acres
  • 1,325 ft²

Residential

130 Kai Malina Pkwy, Unit 239, Kaanapali, HI

MLS® #401333

Listed By: Hawaii Life (L)
Office Contact: Cell: 808-281-2178

Konea 239 Is An Elegantly Remodeled Oceanview Residence In Kaanapali’s Preeminent Top Income Producing Hotel Zoned Vacation Rental Resort, Honua Kai Sitting On The Golden Sand Shores Of North Kaanapali Beach. This Is The Very Best Two Bedroom/ Two Bedroom F...

Amazing Opportunity To Own An Ocean-view 1 Bedr...

Photo of Listing #401240

$1,795,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 6.67 Acres
  • 905 ft²

Residential

2481 Kaanapali Pkwy, Unit 357, Kaanapali, HI

MLS® #401240

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-757-5113

Amazing Opportunity To Own An Ocean-view 1 Bedroom At The Whaler On Kaanapali Beach! Beachfront Living At Its Finest On One Of The Best Beaches In The World. Spend Your Winters Looking At Maui's Beautiful Humpback Whales Breaching In The Distance. The Whale...

Note: care is taken with compiling the data and information, but is subject to change and does not include private transactions not in MLS. This information is historical in nature and not a prediction of future value.  Real estate values can change depending on a variety of market conditions. Interested parties are advised to do their own due diligence and confirm all figures contained herein.

This blog post was updated on 4/5/24.  

Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty

 

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