Kaanapali Resort Condominium Market Update: Q2 | 2023

Posted by Courtney M. Brown on Thursday, July 27th, 2023 at 12:48pm.

KAANAPALI CONDOMINIUM MARKET UPDATE: Q2 2023 

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 Q2 2023 2022 2021 2020 2019 2018
Number of Sales 39 148 237 159 168 173
Volume $66,617,900 $247,257,475 $321,700,298 $212,877,531 $205,331,916 $191,084,387
Low Sales Price $600,000 $325,000 $318,000 $319,000 $240,000 $159,000
High Sales Price $5,525,000 $5,899,000 $5,400,000 $3,300,000 $4,995,000 $5,725,000
Median $1,500,000 $1,412,500 $995,000 $1,050,000 $952,500 $801,000
Average SP $1,708,151 $1,670,659 $1,357,385 $1,338,852 $1,222,214 $1,104,534
Average SP/Sq. Ft. $1,597 $1,486 $1,158 $955 $1,010 $955
Average DOM 111 90 127 248 218 170
Average SP/LP 97% 98% 98% 96% 97% 96%
There are a mix of leasehold and fee simple condominiums in Kaanapali      

How does the market through the second quarter of 2023 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 Q2 2023 2022 2021 2020 2019 2018
Sales 11 45 63 72 57 40
Volume $24,458,000 $112,632,875 $121,182,648 $137,972,250 $91,809,500 $64,235,287
Low SP $1,220,000 $1,150,000 $807,500 $735,000 $774,000 $695,000
High SP $5,525,000 $5,899,000 $5,400,000 $3,199,000 $3,300,000 $5,725,000
Median SP $1,975,000 $1,900,000 $1,550,000 $2,119,750 $1,700,000 $1,120,000
Average SP $2,223,455 $2,502,953 $1,923,534 $1,916,281 $1,610,693 $1,605,882
Average SP/Sq. Ft $2,184 $2,154 $1,498 $1,139 $1,190 $1,357
Average DOM 119 97 137 404 318 117
Average SP/LP 97% 98% 98% 98% 98% 98%

International Colony Club

International Colony Club condos for sale

 

International Colony Club Q2 2023 2022 2021 2020 2019 2018
Sales 0 0 5 1 1 9
Volume 0 0 $3,150,000 $575,000 $618,000 $4,749,500
Low SP NA NA $600,000 $575,000 $618,000 $388,500
High SP NA NA $680,000 $575,000 $618,000 $640,000
Median SP NA NA $620,000 $575,000 $618,000 $501,000
Average SP NA NA $630,000 $575,000 $618,000 $527,722
Average SP/Sq. Ft NA NA $556 $614 $445 $495
Average DOM NA NA 143 127 237 268
Average SP/LP NA NA 100% 96% 98% 93%

 

Kaanapali Alii

Kaanapali Alii condos for sale

Kaanapali Alii Q2 2023 2022 2021 2020 2019 2018
Sales 3 12 27 9 16 15
Volume $8,450,000.00 $31,841,600 $66,456,000 $18,215,000 $39,230,000 $39,762,000
Low SP $2,350,000.00 $1,020,000* $918,000* $1,200,000 $1,100,000 $1,200,000
High SP $3,650,000.00 $4,596,600 $5,000,000 $3,300,000 $4,995,000 $4,800,000
Median SP $2,700,000.00 $2,387,500 $2,300,000 $1,700,000 $2,147,500 $2,525,000
Average SP $2,816,667.00 $2,653,467 $2,461,333 $2,023,889 $2,451,875 $2,650,000
Average SP/Sq. Ft $1,832.00 $1,739 $1,595 $1,248 $1,560 $1,655
Average DOM 57 97 125 129 213 202
Average SP/LP 98.00% 96% 97% 92% 95% 94%

 

Kaanapali Plantation

Kaanapali Plantation condos for sale

Kaanapali Plantation Q2 2023 2022 2021 2020 2019 2018
Sales 1 9 11 4 3 5
Volume $1,375,000.00 $11,244,000 $8,570,250 $3,190,000 $2,039,000 $3,455,000
Low SP $1,375,000.00 $860,000 $448,000 $755,000 $629,000 $625,000
High SP $1,375,000.00 $1,500,000 $1,200,000 $870,000 $780,000 $765,000
Median SP $1,375,000.00 $1,325,000 $731,250 $782,500 $630,000 $675,000
Average SP $1,375,000.00 $1,249,333 $779,114 $797,500 $679,667 $691,000
Average SP/Sq. Ft $1,194.00 $979 $595 $558 $544 $573
Average DOM 77 60 129 127 $282 66
Average SP/LP 92% 97% 98% 95% 97% 99%

 

Kaanapali Royal

Kaanapali Royal condos for sale

Kaanapali Royal Q2 2023 2022 2021 2020 2019 2018
Sales 1 2 3 6 9 7
Volume $1,750,000 $2,455,000 $2,792,000 $4,372,500 $6,997,750 $5,462,200
Low SP $1,750,000 $1,160,000 $820,000 $350,000* $705,000 $710,000
High SP $1,750,000 $1,295,000 $1,100,000 $850,000 $864,750 $875,000
Median SP $1,750,000 $1,227,500 $872,000 $795,000 $765,000 $785,000
Average SP $1,750,000 $1,227,500 $930,667 $728,750 $777,528 $780,314
Average SP/Sq. Ft $1,010 $805 $571 $478 $504 $511
Average DOM 70 35 99 99 101 122
Average SP/LP 89% 108% 103% 97% 97% 99%
* Leasehold sales in 2017 and 2020          

 

Kaanapali Shores

Kaanapali Shores condos for sale

 

Kaanapali Shores Q2 2023 2022 2021 2020 2019 2018 2017
Sales 9 29 33 15 15 33 24
Volume $10,049,900 $26,657,500 $25,358,000 $9,727,381 $9,938,167 $18,452,900 $13,891,140
Low SP $650,000* $325,000* $318,000* $320,000* $365,000 $159,000* $200,000*
High SP $2,500,000 $2,360,000 $2,125,000 $950,000 $997,000 $1,780,000 $1,554,840
Median SP $950,000 $810,000 $700,000 $645,000 $557,500 $553,000 $520,000
Average SP $1,116,656 $919,224 $768,424 $635,159 $621,135 $559,179 $578,798
Average SP/Sq. Ft $1,252 $1,098 $931 $781 $830 $702 $708
Average DOM 126 91 145 142 117 165 167
Average SP/LP 97% 98% 98% 95% 97% 96% 96%
*There were leasehold sales every year.  Low is marked with the asterisk        

 

The Mahana at Kaanapali

The Mahana at Kaanapali condos for sale

Mahana Q2 2023 2022 2021 2020 2019 2018
Sales 6 21 12 5 9 11
Volume $9,357,500.00 $26,241,500 $14,372,400 $4,858,000 $8,302,000 $8,782,000
Low SP $1,175,000.00 $772,500 $725,000 $640,000 $625,000 $550,000
High SP $3,005,000.00 $2,300,000 $1,725,000 $1,650,000 $1,850,000 $990,000
Median SP $1,248,750.00 $1,160,000 $1,197,500 $880,000 $825,000 $825,000
Average SP $1,559,583.00 $1,249,595 $1,197,708 $971,600 $922,444 $798,364
Average SP/Sq. Ft $1,682.00 $1,591 $1,330 $1,314 $1,174 $1,135
Average DOM 130 78 253 161 140 77
Average SP/LP 98% 97% 97% 96% 98% 97%

 

Maui Eldorado

Maui Eldorado condos for sale

Maui Eldorado Q2 2023 2022 2021 2020 2019 2018
Sales 2 10 12 10 12 9
Volume $1,850,000.00 $7,011,000 $6,803,500 $4,302,500 $4,766,000 $3,044,012
Low SP $600,000.00 $415,000 $345,000 $240,000 $240,000 $210,000
High SP $1,250,000.00 $1,137,500 $965,000 $835,000 $835,000 $610,000
Median SP $925,000.00 $616,250 $460,750 $403,750 $332,500 $327,901
Average SP $925,000.00 $701,100 $566,958 $430,250 $397,167 $316,111
Average SP/Sq. Ft $746.53 $657 $559 $458 $458 $287
Average DOM 59.5 64 131 79 79 251
Average SP/LP 97.00% 101% 98% 96% 96% 91%

 

Maui Kaanapali Villas

Maui Kaanapali Villas condos for sale

 

Maui Kaanapali Villas Q2 2023 2022 2021 2020 2019 2018
Sales 0 6 15 10 5 12
Volume 0 $4,615,000 $9,598,900 $5,884,400 $3,695,000 $6,382,500
Low SP NA $400,000 $345,000 $432,500 $430,000 $285,000
High SP NA $1,100,000 $915,000 $799,000 $1,050,000 $1,797,000
Median SP NA $767,500 $625,000 $487,450 $760,000 $417,500
Average SP NA $769,167 $639,927 $588,440 $739,000 $531,875
Average SP/Sq. Ft NA $1,154 $985 $889 $932 $747
Average DOM NA 111 64 54 49 278
Average SP/LP NA 99% 98% 98% 100% 97%

 

Maui Kai

Maui Kai condos for sale

The Masters at Kaanapali Hillside

The Masters at Kaanapali Hillside condos for sale

 

Masters Q2 2023 2022 2021 2020 2019 2018
Sales 5 17 31 15 18 16
Volume $8,190,000.00 $25,371,000 $34,802,000 $13,586,500 $15,498,500 $17,310,000
Low SP $1,400,000.00 $900,000 $675,000 $575,000 $550,000 $540,000
High SP $1,990,000.00 $2,175,000 $1,929,000 $1,300,000 $1,400,000 $1,500,000
Median SP $1,500,000.00 $1,565,000 $1,107,000 $945,000 $852,000 $1,127,500
Average SP $1,638,000.00 $1,492,412 $1,122,645 $905,766 $861,028 $1,081,875
Average SP/Sq. Ft $1,074.00 $989 $796 $639 $660 $690
Average DOM 190 62 133 97 225 164
Average SP/LP 92.00% 100% 98% 95% 95% 93%

 

The Vintage at Kaanapali

The Vintage condos for sale

 

Vintage Q2 2023 2022 2021 2020 2019 2018
Sales 1 3 7 4 6 6
Volume $1,800,000 $5,190,000 $9,734,000 $4,573,000 $6,840,999 $6,445,000
Low SP $1,800,000 $1,200,000 $1,100,000 $950,000 $890,999 $801,000
High SP $1,800,000 $1,995,000 $1,620,000 $1,375,000 $1,425,000 $1,400,000
Median SP $1,800,000 $1,995,000 $1,360,000 $1,124,000 $1,125,000 $1,120,000
Average SP $1,800,000 $1,730,000 $1,390,571 $1,143,250 $1,140,167 $1,074,167
Average SP/Sq. Ft $890 $797 $693 $621 $610 $546
Average DOM 191 203 87 148 237 141
Average SP/LP 92% 97% 99% 96% 94% 95%

 

The Whaler at Kaanapali Beach

The Whaler at Kaanapali Beach condos for sale

Whaler Q2 2023 2022 2021* 2020 2019 2018
Sales 2 8 24 7 16 17
Volume $2,485,000 $14,931,500 $29,712,000 $7,480,000 $19,000,000 $19,765,000
Low SP $1,085,000 $1,080,000 $500,000 $795,000 $750,000 $620,000
High SP $1,400,000 $3,970,000 $3,650,000 $1,250,000 $2,750,000 $2,150,000
Median SP $1,242,500 $1,575,000 $945,500 $1,100,000 $945,000 $1,100,000
Average SP $1,242,500 $1,866,438 $1,238,000 $1,068,571 $1,187,500 $1,162,647
Average SP/Sq. Ft $2,292 $1,959 $1,524 $1,266 $1,380 $1,318
Average DOM $36 85 116 150 173 165
Average SP/LP 108% 98% 98% 91% 95% 94%
*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

119 Properties Found. Page 2 of 10

Kaanapali Shores 346 Discover The Ultimate Isla...

Photo of Listing #405238

$835,000 Active Fee Simple

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

Residential

3445 Lower Honoapiilani Rd, Unit 346, Kaanapali, HI

MLS® #405238

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

Kaanapali Shores 346 Discover The Ultimate Island Retreat With This Charming One-bedroom, One-bath Ocean View Condo, Perfectly Positioned On The Third Floor Of Kaanapali Shores. Enjoy The Tranquil Sights And Sounds Of The Koi Ponds, With A Delightful View O...

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Perched On The Top Row In One Of Kaanapali Mast...

Photo of Listing #405219

$1,695,000 Pending Fee Simple

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

Residential

50 Puu Anoano St, Unit 3408, Kaanapali, HI

MLS® #405219

Listed By: Berkshire Hathaway Maui Prop-L

Perched On The Top Row In One Of Kaanapali Masters’ Most Coveted Locations, Residence 3408 Offers Breathtaking West-facing Ocean And Outer Island Vistas, Year-round Panoramic Sunsets, And Front-row Seats To Seasonal Whale Watching. Overlooking The Renowned ...

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If You Are Looking For A Luxurious Oceanfront C...

Photo of Listing #405204

$1,275,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 988 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 304, Kaanapali, HI

MLS® #405204

Listed By: Keller Williams Realty Maui-Ka
Office Contact: Cell: 808-276-8776

If You Are Looking For A Luxurious Oceanfront Condo At A Price Point From Four Years Ago, You’ve Found It! From Your Private Lanai, You Will Enjoy Watching And Hearing The Waves Break. If You Love The Idea Of Being Lulled To Sleep By The Sound Of The Ocean,...

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Available For 8 Month Lease Beginning May 1, 20...

Photo of Listing #405223

$3,000 Active

  • 2 Beds
  • 1 Baths
  • 1.74 Acres
  • 659 ft²

Residential Lease

3676 Lower Honoapiilani Rd, Unit D102, Kaanapali, HI

MLS® #405223

Listed By: Maui Vision Properties LLC

Available For 8 Month Lease Beginning May 1, 2025 To December 31, 2025. Monthly Rent $3,000 Plus Ge Tax 4.712% Plus Electricity West Maui Trades Unit D102 - Comfortably Sleeps A Family Of 4. Located Directly Across The Street From Honokowai Beach Park - ...

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Kaanapali Shores 431 - Welcome To This Charming...

Photo of Listing #405193

$890,000 Active Fee Simple

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

Residential

3445 Lower Honoapiilani Rd, Unit 431, Kaanapali, HI

MLS® #405193

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

Kaanapali Shores 431 - Welcome To This Charming One-bedroom, One-bath Condominium Located On The Fourth Level Of Kaanapali Shores. This Prime Unit Offers Convenient Parking And Access To The Outdoor Activities. From The Lanai You Will Find Beautiful Views O...

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Kaanapali Shores 921 - Welcome To Your Stunning...

Photo of Listing #405175

$815,000 Active Fee Simple

  • 1 Baths
  • 10.1 Acres
  • 507 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 921, Kaanapali, HI

MLS® #405175

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

Kaanapali Shores 921 - Welcome To Your Stunning Ninth-floor Studio At Kaanapali Shores, Where Every Moment Feels Like A Vacation! This Beautifully Appointed Space Boasts Spectacular Views Of The Lush Courtyard And The Sparkling Ocean, Framed By The Enchanti...

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Live And Love Direct Beachfront Kaanapali: Maui...

Photo of Listing #405150

$1,250,000 Active Fee Simple

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

Residential

110 Kaanapali Shores Pl, Unit 508, Kaanapali, HI

MLS® #405150

Listed By: Compass
Office Contact: Cell: 808-281-2178

Live And Love Direct Beachfront Kaanapali: Maui Life At Mahana #508 Features Unsurpassed Views And Oceanic Sensory Experience. Envision Floor To Ceiling: Ocean, Outer Island, Year-round Sunsets, And Seasonal Whale Watching. Muse On Swaying Palm Trees, Liste...

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Hokulani 422 Welcome To Your Dream Oasis! This ...

Photo of Listing #405124

$1,799,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,080 ft²

Residential

130 Kai Malina Pkwy, Unit Sr 422, Kaanapali, HI

MLS® #405124

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

Hokulani 422 Welcome To Your Dream Oasis! This Exquisite Two-bedroom, Two-bathroom Condominium Unit Boasts Breathtaking Mountain Views And An Expansive Lanai That Fills The Space With Natural Light Through Extra Side Windows. The Open-concept Living Area Fe...

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

Photo of Listing #405077

$625,000 Pending Leasehold

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

Residential

2661 Kekaa Dr, Unit D103, Kaanapali, HI

MLS® #405077

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. W...

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This Exquisite Fully Furnished Turn-key Penthou...

REDUCED 4% Photo of Listing #405079

$3,350,000 Active Fee Simple

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

Residential

2481 Kaanapali Pkwy, Unit 1208, Kaanapali, HI

MLS® #405079

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

This Exquisite Fully Furnished Turn-key Penthouse At The Whaler Is Ready For You To Move In And Enjoy. Since It Was Remodeled In 2008, It Was Only Used 2 Months A Year By The Owner And Has Been Kept In Immaculate Condition. It Was Previously Owned By A Deve...

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A Three-bedroom With An Unobstructed Ocean View...

Photo of Listing #405063

$4,500,000 Active Fee Simple

  • 3 Beds
  • 3 Baths
  • 34.82 Acres
  • 1,610 ft²

Residential

130 Kai Malina Pkwy, Unit Nr829, Kaanapali, HI

MLS® #405063

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

A Three-bedroom With An Unobstructed Ocean View Is Now Available For Purchase At Honua Kai. Located On The 8th Floor You Will Enjoy A Panoramic View Of The Pacific Ocean While Sitting On Your Expansive Lanai. There's An Ocean View To Behold From Every Roo...

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Hotel Zoned And Approved For Vacation Rentals- ...

REDUCED 2% Photo of Listing #405050

$2,875,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 34.82 Acres
  • 1,313 ft²

Residential

130 Kai Malina Pkwy, Unit Nr705, Kaanapali, HI

MLS® #405050

Listed By: Maui Resort Realty
Office Contact: richard@mauiresortrealty.com

Hotel Zoned And Approved For Vacation Rentals- Konea 705 Is One Of The Premier 2brm/2bath Residences At Honua Kai Resort. This Luxurious Top Floor "penthouse" Has Commanding Views Of Both The Islands Of Molokai And Lanai From Far Above The Canopy Of Palms,...

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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 7/28/23.  The MLS data charts were changed from a rolling 12 months to a rolling 6 months of data.

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

 

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