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

104 Properties Found. Page 6 of 9

Don't Miss The Rare Opportunity To Own This Uni...

REDUCED 9% Photo of Listing #402017

$3,950,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,523 ft²

Residential

50 Nohea Kai Dr, Unit I-904, Kaanapali, HI

MLS® #402017

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

Don't Miss The Rare Opportunity To Own This Unit With Stunning Inner-courtyard Ocean Views Looking Out To The Neighboring Island Of Lana'i And Views To The West Maui Mountains. This Turnkey Well-maintained Fully Furnished 2-bedroom, 2-bath 1,523 Sq Ft 9th F...

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Take Advantage Of The Rare Opportunity To Own A...

REDUCED 3% Photo of Listing #401974

$1,365,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 39.84 Acres
  • 700 ft²

Residential

130 Kai Malina Pkwy, Unit Sr240, Kaanapali, HI

MLS® #401974

Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234

Take Advantage Of The Rare Opportunity To Own A Full Sized One-bedroom Home At Honua Kai Which Boasts Partial Ocean, Mountain And Resort Views. Hokulani 240 Has It All! Meticulously Cared For, 240 Is Located On The Northern Side Of The Hokulani Tower, Wit...

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Welcome To Kaanapali Alii Unit 2-501, Truly A R...

Photo of Listing #401966

$3,400,000 Active Fee Simple

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

Residential

50 Nohea Kai Dr, Unit 2-501, Kaanapali, HI

MLS® #401966

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-276-6443

Welcome To Kaanapali Alii Unit 2-501, Truly A Rare Offering! This Unit Has Been In The Same Family Since The Kaanapali Alii Opened In 1982, And Has Not Been In A Rental Program Since It's Complete High End Renovation In 2010. 2-501 Is A Stunning One-bedroom...

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The Mahana Resort Is Generally Considered As On...

Photo of Listing #401908

$839,000 Active Fee Simple

  • 1 Baths
  • 5.01 Acres
  • 456 ft²

Residential

110 Kaanapali Shores Pl Pl, Unit 513, Kaanapali, HI

MLS® #401908

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-283-2420

The Mahana Resort Is Generally Considered As One Of The Premium Vacation Rental Complexes In Upper West Maui, And When You View The Complex And The Unit, Hopefully You Will Understand Why. The Mahana Consists Of Two 12 Floor Buildings With Slightly Over 200...

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This Extremely Rare, Single Level, Two-bedroom,...

Photo of Listing #401836

$1,895,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,269 ft²

Residential

50 Puu Anoano St, Unit 4207, Kaanapali, HI

MLS® #401836

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-283-4922

This Extremely Rare, Single Level, Two-bedroom, Two-bathroom End Unit With No Stairs And Private Entry, Is Waiting For You! Unit #4207 Is Exquisitely Remodeled With Extra Attention Paid To Those With Possible Mobility Issues. The Primary Suite Is Spacious ...

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Whaler 1061, A Studio Residence Exquisitely Pos...

REDUCED 8% Photo of Listing #401841

$1,195,000 Pending Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 542 ft²

Residential

2481 Kaanapali Pkwy, Unit 1061, Kaanapali, HI

MLS® #401841

Listed By: Berkshire Hathaway Maui Prop-L

Whaler 1061, A Studio Residence Exquisitely Positioned In The Heart Of Kaanapali Beach, Offers A Prime Location Between The Iconic Black Rock And The World-renowned Whaler’s Village. This Residence Features Central Air Conditioning And Has Been Elegantly Up...

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

REDUCED 6% Photo of Listing #401844

$1,550,000 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...

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Located On The 8th Floor Of The Molokai Tower O...

Photo of Listing #401769

$1,250,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 5.01 Acres
  • 820 ft²

Residential

110 Kaanapali Shores Pl, Unit 807, Kaanapali, HI

MLS® #401769

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-250-5948

Located On The 8th Floor Of The Molokai Tower Offering Amazing Ocean Views And The Neighbor Islands Of Lana'i And Moloka'i. A Prime Spot To Watch Year-round Sunsets, Humpback Whales In Winter And Most Days, The Sea Turtles In The Surf Below. If You Are Luck...

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This Tranquil Top Floor Family-size Vacation Co...

REDUCED 7% Photo of Listing #401728

$1,490,000 Pending Fee Simple

  • 2 Beds
  • 2 Baths
  • 7.13 Acres
  • 1,847 ft²

Residential

2560 Kekaa Dr, Unit G303, Kaanapali, HI

MLS® #401728

Listed By: Maui County Real Estate LLC

This Tranquil Top Floor Family-size Vacation Condo Meets All Hearts Desires. The 2br/2bth Townhouse Open Floorplan Boasts Spectacular Views With Remodeled Granite Kitchen Countertops, Remodeled Master Bath, Full Size Washer & Dryer, And Fully Furnished. Add...

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This 2 Bed 2 Bath Spacious 1,580 Sq. Ft Kaanapa...

REDUCED 11% Photo of Listing #401698

$1,600,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 7.13 Acres
  • 1,580 ft²

Residential

2560 Kekaa Dr, Unit N302, Kaanapali, HI

MLS® #401698

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

This 2 Bed 2 Bath Spacious 1,580 Sq. Ft Kaanapali Royal Unit Has Outstanding Ocean And Island Views Featuring An Expansive Lanai Adding Another 380 Square Feet Of Outdoor Living Space. Upgraded Master Bath And Air Conditioning, Enclosed Master Bedroom Lanai...

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Whaler 913 Hotel Zoned Property Per County Reco...

REDUCED 2% Photo of Listing #401685

$1,390,000 Active Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 523 ft²

Residential

2481 Kaanapali Pkwy, Unit 913, Kaanapali, HI

MLS® #401685

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525

Whaler 913 Hotel Zoned Property Per County Records. Experience The Epitome Of Beachfront Living At This Gorgeous Studio Unit On Kaanapali Beach, Offering Exceptional Ocean Views From The Spacious Lanai And Living Areas. The Unit Features An Updated Bathroom...

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Mahana 609 - Hotel Zoned Property Per County Re...

Photo of Listing #401686

$2,750,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 5.01 Acres
  • 1,214 ft²

Residential

110 Kaanapali Shores Pl, Unit 609, Kaanapali, HI

MLS® #401686

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-357-0958

Mahana 609 - Hotel Zoned Property Per County Records. Introducing A Stunning Two-bedroom, Two-bathroom Direct Oceanfront Residence Spanning 1,214 Sq. Ft. This Spacious Corner Unit Boasts A Generously Sized Patio With Extra Windows Enhancing The Unit With Na...

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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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