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

99 Properties Found. Page 3 of 9

Spectacular Ocean And Island Views Await You In...

Photo of Listing #403867

$1,695,000 Active Fee Simple

  • 2 Beds
  • 2½ Baths
  • 10 Acres
  • 1,545 ft²

Residential

150 Puukolii Rd, Unit 18, Kaanapali, HI

MLS® #403867

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-357-4000

Spectacular Ocean And Island Views Await You In This Stylish Town Home Located In Kaanapali Plantation. Unit 18 Is A Two-story End Unit With 2 Ocean-view Lanais, 2 Bedrooms, 2.5 Bathrooms, And A Separate Den/office, Spread Over 1545/sf Of Space. Beautifully...

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First Time On The Market! Held In The Same Fami...

REDUCED 2% Photo of Listing #403808

$1,695,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 6.66 Acres
  • 901 ft²

Residential

2481 Kaanapali Pkwy, Unit 256, Kaanapali, HI

MLS® #403808

Listed By: Compass
Office Contact: Cell: 808-250-0840

First Time On The Market! Held In The Same Family For Decades, This Beautifully-appointed Condo Has Expansive Views Of Kaanapali Beach And Black Rock With Molokai In The Distance Over The Bright Blue Ocean. From This Premier Location At The Whaler, Enjoy Th...

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Mahana 816 - Hotel Zoned Property Per County Re...

Photo of Listing #403786

$1,245,000 Active Fee Simple

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

Residential

110 Kaanapali Shores Pl, Unit 816, Kaanapali, HI

MLS® #403786

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

Mahana 816 - Hotel Zoned Property Per County Records. Experience Coastal Living At Its Finest In This Stunning Beach Front Property! With Floor-to-ceiling Windows, Enjoy Breathtaking Views Of Whales, Turtles, And Dolphins Right From Your Large Living Space....

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Experience Classic Hawaiiana Style And Elegance...

Photo of Listing #403768

$3,490,000 Pending Fee Simple

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,643 ft²

Residential

50 Nohea Kai Dr, Unit Ii303, Kaanapali, HI

MLS® #403768

Listed By: Gregory Harbottle Inc

Experience Classic Hawaiiana Style And Elegance In This Stunning Ka'anapali Ali'i Residence. From Handcrafted Woodwork To The Carefully Curated Decor, No Expense Was Spared On The Opulent Upgrades In This Luxurious Beachside Home. Overlooking Ocean Views An...

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Welcome To Kaanapali Alii 1-201, Located In Wes...

Photo of Listing #403743

$2,250,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,460 ft²

Residential

50 Nohea Kai Dr, Unit 1-201, Kaanapali, HI

MLS® #403743

Listed By: Keller Williams Realty Maui-Ki
Office Contact: Cell: 808-859-2086

Welcome To Kaanapali Alii 1-201, Located In West Maui’s Most Prestigious Hotel Zoned Oceanfront Resort. This Exquisite 1-bedroom, 2-bathroom Corner Unit Spans 1,460 Sq. Ft., Offering Unmatched Luxury, Privacy, And Comfort. This Beautifully Upgraded Residenc...

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Welcome To Mahana At Kaanapali, An Exclusive Oc...

Photo of Listing #403704

$799,000 Pending Fee Simple

  • 1 Baths
  • 5.01 Acres
  • 456 ft²

Residential

110 Kaanapali Shores Pl, Unit 502, Kaanapali, HI

MLS® #403704

Listed By: Living Maui Real Estate LLC
Office Contact: Cell: 808-359-1161

Welcome To Mahana At Kaanapali, An Exclusive Oceanfront Resort Nestled In The Heart Of Maui's Stunning Kaanapali Coast. Studio #502, Located On The 5th Floor, Offers Expansive, Panoramic Views Of The Ocean. This Beautifully Designed Unit Features A Fully Eq...

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This C Floor Plan Is A 2 Bedroom, 2 Bath Suite ...

Photo of Listing #403655

$1,500,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,512 ft²

Residential

50 Puu Anoano St, Unit 703, Kaanapali, HI

MLS® #403655

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

This C Floor Plan Is A 2 Bedroom, 2 Bath Suite With 1512 Sq Ft Of Living Area And 200+ Sq Ft Spacious Lanai. This Unit Offers All The Benefits Of A Ground Floor Unit, A Private Entrance With No Steps Going Into It And 1 Assigned Parking Stall Under A Trelli...

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Kaanapali Shores 102. Discover Your Paradise In...

Photo of Listing #403603

$1,500,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,507 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 102, Kaanapali, HI

MLS® #403603

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

Kaanapali Shores 102. Discover Your Paradise In This Exquisite 2-bedroom, 2-bathroom Condo, Boasting Over 1,500 Sq. Ft. Of Luxury Living. The Master Bedroom Offers Breathtaking Ocean Views, While The Second Bedroom Also Gazes Out To The Sparkling Waves. Enj...

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We Are Proud To Offer The Ali’i 212 For Sale. ...

Photo of Listing #403580

$1,975,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,439 ft²

Residential

50 Nohea Kai Dr, Unit 212, Kaanapali, HI

MLS® #403580

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

We Are Proud To Offer The Ali’i 212 For Sale. Experience The Pure Elegance Of This Completely Renovated Home. Situated On The Highly Desired Ground Floor, This Home Is Located At The Very Popular Ka’anapali Ali’i, One Of Hawaii's Finest Ocean Front Condom...

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As You Step Into Mahana #608, A Kaanapali Maui ...

Photo of Listing #403588

$1,195,000 Active Fee Simple

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

Residential

110 Kaanapali Shores Pl, Unit 608, Kaanapali, HI

MLS® #403588

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

As You Step Into Mahana #608, A Kaanapali Maui Hotel Zoned Vacation Rental, You’ll Be Greeted By An Elegant, Modern Living Space That Maximizes Breathtaking Ocean Views. Floor-to-ceiling Windows Invite The Warm Hawaiian Sun And The Magical Pacific Ocean Int...

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Experience The Beauty Of Maui From This Private...

Photo of Listing #403525

$844,000 Active Fee Simple

  • 1 Baths
  • 5.01 Acres
  • 456 ft²

Residential

110 Kaanapali Shores Pl, Unit 913, Kaanapali, HI

MLS® #403525

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-281-7313

Experience The Beauty Of Maui From This Private 9th-floor Studio Condo, Mahana 913, Offering Breathtaking Oceanfront Views. Facing West, It Boasts Stunning Sunsets, Whales Breaching Seasonally, And Picturesque Views Of Lanai And The Majestic Island Of Molok...

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Highly Upgraded Unit. Most Popular Floor Plan I...

Photo of Listing #403471

$3,800,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 8.01 Acres
  • 1,675 ft²

Residential

50 Nohea Kai Dr, Unit 1-703, Kaanapali, HI

MLS® #403471

Listed By: Kaanapali Resort Realty LLC

Highly Upgraded Unit. Most Popular Floor Plan In The Project. Only 44 Out Of 264 Units That Are Two Bedrooms Two Baths Plus A Den Used As A 3rd Bedroom Makes This Plan Type The Most Popular Rental. Unit In Rental Program, But Can Be Viewed In Between Guests.

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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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