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

99 Properties Found. Page 8 of 9

Kaanapali Shores 947. Hotel Zoned Property Per ...

REDUCED 10% Photo of Listing #401511

$897,777 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

Kaanapali Shores 947. Hotel Zoned Property Per County Records. Huge Price Improvement. Luxury Penthouse Unit With Stunning Views Of The Ocean And Island Of Molokai From The Living And Dining Area Of This 1-bedroom Unit. Enjoy The Resort Lifestyle. Currently...

View Listing

?enjoy Luxury Condo Living With All Your Favori...

Photo of Listing #401393

$2,690,000 Active Fee Simple

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

Residential

130 Kai Malina Pkwy, Unit Nr 1020, Kaanapali, HI

MLS® #401393

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

?enjoy Luxury Condo Living With All Your Favorite Resort Amenities. Honua Kai Resort & Spa Is Frequently Named One Of Maui's Premier Residential Beachfront Properties.  Located On A Gorgeous Stretch Of Golden White Sand, This Slice Of Paradise Offers Some...

View Listing

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

REDUCED 14% Photo of Listing #401240

$1,540,000 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...

View Listing

Welcome To Your Dream Vacation Rental Condomini...

REDUCED 14% Photo of Listing #401017

$1,980,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,669 ft²

Residential

50 Nohea Kai Dr, Unit 2-1106, Kaanapali, HI

MLS® #401017

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

Welcome To Your Dream Vacation Rental Condominium At Kaanapali Alii, Where Paradise Meets Luxury. This Exquisite Penthouse 2-bedroom, 2-bathroom Condo Offers The Perfect Blend Of Comfort, Convenience, And Breathtaking Mountain Views And Is A Leasehold Prope...

View Listing

Driving Down Kaanapali Shores Place Under The C...

REDUCED 3% Photo of Listing #400979

$2,725,000 Active Fee Simple

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

Residential

110 Kaanapali Shores Pl, Unit 501, Kaanapali, HI

MLS® #400979

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

Driving Down Kaanapali Shores Place Under The Canopy Shade Of The Magnificent Monkeypod Trees, You Feel Time Has Slowed Down And You Have Stepped Into The Tropical Paradise Of Yesteryear. The Mahana Is One Of The Most Luxurious Direct Oceanfront Properties ...

View Listing

Prime Penthouse Location With Stunning Ocean Vi...

Photo of Listing #400950

$3,300,000 Active Fee Simple

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

Residential

50 Nohea Kai Dr, Unit 1-1101, Kaanapali, HI

MLS® #400950

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

Prime Penthouse Location With Stunning Ocean Views Overlooking World Famous Kaanapali Beach, Black Rock, And The Majestic West Maui Mountains. This One Bedroom Plus Den Can Sleep Up To Six Guests And Features Granite Countertops, Custom Wood Cabinetry, Two ...

View Listing

Welcome To Maui Eldorado, A Tropical Oasis In T...

REDUCED 11% Photo of Listing #400860

$625,000 Active Leasehold

  • 1 Beds
  • 2 Baths
  • 10.2 Acres
  • 960 ft²

Residential

2661 Kekaa Dr, Unit D103, Kaanapali, HI

MLS® #400860

Listed By: BHGRE Advantage Realty Valley Isle

Welcome To Maui Eldorado, A Tropical Oasis In The Heart Of Ka'anapali! This 1-bedroom Ground Floor Condo Offers The Perfect Blend Of Comfort & Convenience. The Unique 1 Bedroom, 2 Full Bath Condo Is A Spacious 960 Square Feet And Can Sleep Up To 6 People. ...

View Listing

Unit #2-101 (#211) Is The Most Sought After Gr...

Photo of Listing #400810

$2,525,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,452 ft²

Residential

50 Nohea Kai Dr, Unit 2-101, Kaanapali, HI

MLS® #400810

Listed By: Kaanapali Resort Realty LLC

Unit #2-101 (#211) Is The Most Sought After Ground-floor Inner Courtyard Side Unit. Primarily Because You Have The Convenience Of The Ground Floor Offering You The Luxury Of Walking In And Out, But It Also Offers The Most Privacy For Ground Floor Units As...

View Listing

Tis The Season To Be Shopping And Investing In ...

REDUCED 7% Photo of Listing #400650

$1,345,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 34.82 Acres
  • 690 ft²

Residential

130 Kai Malina Pkwy, Unit Nr414, Kaanapali, HI

MLS® #400650

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-283-5166

Tis The Season To Be Shopping And Investing In West Maui's Top Vacation Rental Condo Complex, The Honua Kai Resort And Spa. The Best One Bedroom Opportunity Available In The Resort Is Clearly Konea #414 Priced Accurately To Sell This Holiday Season. This Pa...

View Listing

Kaanapali Shores 457. Hotel Zoned Property Per ...

Photo of Listing #400496

$2,700,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,364 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 457, Kaanapali, HI

MLS® #400496

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

Kaanapali Shores 457. Hotel Zoned Property Per County Records. Rare Top Floor 2 Bedroom 2 Bathroom With A Loft That Is Being Used As A Full Third Bedroom And A Den Plus Extra Storage Closet. Excellent Ocean Views From The Remodeled Suite. Granite Counter To...

View Listing

Kaanapali Shores 456. Hotel Zoned Property Per ...

Photo of Listing #400495

$2,600,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,364 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 456, Kaanapali, HI

MLS® #400495

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

Kaanapali Shores 456. Hotel Zoned Property Per County Records. Rare Top Floor 2 Bedroom 2 Bathroom With A Loft That Is Being Used As A Full Third Bedroom And A Den Plus Extra Storage Closet. Excellent Ocean Views From The Remodeled Suite. Granite Counter To...

View Listing

Reduced Price To Sell. Welcome To Kaanapali Roy...

REDUCED 15% Photo of Listing #400338

$1,350,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 7.13 Acres
  • 1,467 ft²

Residential

2560 Kekaa Dr, Unit Q-302, Kaanapali, HI

MLS® #400338

Listed By: Real Broker LLC
Office Contact: janice@buyandsellmaui.com

Reduced Price To Sell. Welcome To Kaanapali Royal Q302. Enjoy The Kaanapali Lifestyle With This Beautifully Updated And Spacious 2 Bedroom, 2 Bathroom Condo. Kaanapali Royal Is A Gated Condo Community Perched Just Above Royal Kaanapali Golf Course, The Whal...

View Listing

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

 

Print

Leave a Comment