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 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...

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?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...

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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...

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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...

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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 ...

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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 ...

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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. ...

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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...

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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...

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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...

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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...

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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...

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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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