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 6 of 10

Discover The Ultimate Beachfront Lifestyle In T...

REDUCED 8% Photo of Listing #404283

$1,195,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 10.1 Acres
  • 1,078 ft²

Residential

3445 Lower Honoapiilani Rd, Unit 361, Kaanapali, HI

MLS® #404283

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-205-2787

Discover The Ultimate Beachfront Lifestyle In This Rarely Available 2 Bed 2 Bath Oceanfront Condo At Kaanapali Shores. Located In One Of The Best Locations In The Complex, Unit 361 Has Significant Upgrades And All New Modern Furnishings, While Offering Unob...

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Hotel Zoned*lowest Priced Condo At The Resort. ...

Photo of Listing #404223

$1,195,888 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 39.84 Acres
  • 690 ft²

Residential

130 Kai Malina Pkwy, Unit Nr 238, Kaanapali, HI

MLS® #404223

Listed By: Kaanapali Luxury Vacation Rentals

Hotel Zoned*lowest Priced Condo At The Resort. This One-bedroom, One-bath Condo Located In The Hotel Zone At Honua Kai Resort Offers A Prime Opportunity For Those Seeking A Vacation Rental Property With Excellent Amenities And A Great Location. Positioned O...

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Luxury Living At Its Finest, Experience Honua K...

REDUCED 5% Photo of Listing #404227

$1,795,000 Pending Fee Simple

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

Residential

130 Kai Malina Pkwy, Unit Nr832, Kaanapali, HI

MLS® #404227

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: 808-281-8083

Luxury Living At Its Finest, Experience Honua Kai Resort And Spa. World Class Amenities Include, 3 Swimming Pools, 5 Hot Tubs, State Of The Art Fitness Center Valet And Underground Parking. Multiple Poolside Bbq’s, Dukes Beach House, Whalers General Store A...

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Beautifully Renovated 915 Square Foot Unit With...

REDUCED 4% Photo of Listing #404231

$1,750,000 Active Fee Simple

  • 2 Beds
  • 1 Baths
  • 34.82 Acres
  • 915 ft²

Residential

130 Kai Malina Pkwy, Unit Nr312, Kaanapali, HI

MLS® #404231

Listed By: Maui Westside Properties

Beautifully Renovated 915 Square Foot Unit With Upgraded Designer Furnishings, Porcelain Tile Flooring And A Queen Bed In The Private Den With West Maui Mountain And Waterfall Views! Great Location Only Steps To The Elevator For Easy Access To The 3 Pool...

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Rarely Offered! Luana Garden Villa 3c Welcome ...

REDUCED 6% Photo of Listing #404232

$4,200,000 Active Fee Simple

  • 3 Beds
  • 3 Baths
  • 34.82 Acres
  • 2,047 ft²

Residential

130 Kai Malina Pkwy, Unit 3c, Kaanapali, HI

MLS® #404232

Listed By: Maui Westside Properties

Rarely Offered! Luana Garden Villa 3c Welcome To Luana Garden Villa 3c, A Luxurious 3-bedroom, 3-bath Upper-level Villa In Enclave One At The Renowned Honua Kai Resort & Spa. Spanning 2,047 Sq. Ft., With An Expansive 521 Sq. Ft. Lanai And Private Outdoor K...

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Ka’anapali Shores 324 Offers The New Owner The ...

REDUCED 3% Photo of Listing #404158

$779,000 Active Fee Simple

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

Residential

3445 Lower Honoapiilani Rd, Unit 324, Kaanapali, HI

MLS® #404158

Listed By: eXp Realty
Office Contact: Cell: 808-269-8633

Ka’anapali Shores 324 Offers The New Owner The Benefits Of Many Recent Upgrades, Including A New Range (2024), Dishwasher (2024), Washer/dryer (2024), Refrigerator (2023), And Microwave (2021). Other Upgrades Since 2012 Include The Removal Of A Popcorn Ceil...

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Located High On The 9th Floor Of The Whaler Ii,...

REDUCED 2% Photo of Listing #404107

$1,275,000 Active Fee Simple

  • 1 Baths
  • 6.67 Acres
  • 523 ft²

Residential

2481 Kaanapali Pkwy, Unit 964, Kaanapali, HI

MLS® #404107

Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-2222

Located High On The 9th Floor Of The Whaler Ii, This Exquisite Ocean View Studio Condo Offers Lucky Guests A Front-row Seat To Maui's Mesmerizing Seasonal Whale Watching And Legendary Sunsets, All From The Comfort Of Its Own Lanai. Gazing Out Over The Sweep...

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Look No Further For Your Island Paradise Than T...

REDUCED 7% Photo of Listing #404111

$1,859,000 Active Fee Simple

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

Residential

130 Kai Malina Pkwy, Unit Nr332, Kaanapali, HI

MLS® #404111

Listed By: Island Sotheby's Int'l Rlty(W)
Office Contact: Cell: 808-283-7965

Look No Further For Your Island Paradise Than This Exceptional Two-bedroom, Two-bath Property, Priced Under $2 Million. Experience The Ultimate In Luxury Living With 1,080 Square Feet Of Thoughtfully Designed Space, Hotel-zoned To Continue As A Successful S...

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Experience The Epitome Of A Maui Beach Lifestyl...

REDUCED 3% Photo of Listing #404062

$1,749,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 37.9 Acres
  • 1,544 ft²

Residential

50 Puu Anoano St, Unit 1105, Kaanapali, HI

MLS® #404062

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-268-0557

Experience The Epitome Of A Maui Beach Lifestyle In This Exquisite Fully Remodeled Ground Floor Corner Condo With A Reconfigured Floor Plan That Allows For An Additional “flexi-room” At The Masters In Ka’anapali. With The Largest Corner Layout, This Spaciou...

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Welcome To Your Maui Paradise At Kaanapali Alii...

Photo of Listing #404023

$1,999,000 Active Fee Simple

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

Residential

50 Nohea Kai Dr, Unit 1301, Kaanapali, HI

MLS® #404023

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

Welcome To Your Maui Paradise At Kaanapali Alii—turnkey Furnished, Ready For You To Move In. Nestled In The Heart Of Maui's Breathtaking Kaanapali Beach, Kaanapali Alii Resort Combines Luxury And Tranquility To Create An Unparalleled Island Lifestyle. This ...

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Discover Your Dream Escape In Konea 1026, A Top...

REDUCED 9% Photo of Listing #403955

$2,399,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 34.82 Acres
  • 1,285 ft²

Residential

130 Kai Malina Pkwy, Unit Nr1026, Kaanapali, HI

MLS® #403955

Listed By: Maui Westside Properties

Discover Your Dream Escape In Konea 1026, A Top-floor Haven Nestled In The Honua Kai Resort In Kaanapali Maui. This Exquisite 1285 Sq Ft Condo Offers Two Bedrooms And Two Baths, With Stunning Ocean And Mountain Views From Its 10th-floor Vantage Point. Step...

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Prime Location With Exceptional Ocean Views! Th...

Photo of Listing #403919

$3,490,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 39.84 Acres
  • 1,320 ft²

Residential

130 Kai Malina Pkwy, Unit Sr 741, Kaanapali, HI

MLS® #403919

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-280-8986

Prime Location With Exceptional Ocean Views! This Well Appointed 2 Bedroom, 2 Bathroom Condo Is Located At Honua Kai In The Hoku Lani Tower. Situated On The Inner Courtyard, The View Includes The Kalohi Channel And Northern Points Of Lana'i. Spend Your Days...

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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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