Kapalua Residential Market Update: June 19, 2022

Posted by Courtney M. Brown on Sunday, June 19th, 2022 at 5:01pm.

Kapalua Resort, Maui: residential market update

Kapalua Home SalesSold: 320 Cook Pine Drive listed by Courtney M. Brown sold for $3,850,000.

Kapalua Homes for Sale: Active and Pending Listings

Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill & Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place.  There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.

At the time of this post, there are just three active listings and three pending sales:

The active listings include a home on a double lot in Pineapple Hill that was originally built by musician Carlos Santana, a home in the Plantation Estates Phase I located overlooking the Plantation Course, and 9 Bay Drive, which is situated on an oceanfront peninsula overlooking Namalu Bay and neighbors the Montage Residences at Kapalua Bay.   This is unusual for Kapalua and skews the averages considerably, so it's important to look at each area individually (see below),

All three pending homes are in Pineapple Hill and Pineapple Hill Estates.

Status Address List Price Bds Bths Sq. Ft. Land Acres Days On Market $/SQFT Built MLS # Subdivision
ACT 314 Cook Pine Dr $7,900,000 5 5.5 7,229 0.50 306 $1,093 2000 392686 Pineapple Hill
ACT 301 Plantation Estates Dr $12,300,000 4 4.5 7,127 2.06 156 $1,726 2005 394362 Plantation Estates
ACT 9 Bay Dr $59,500,000 6 7 6,645 9.96 186 $8,954 1996 394048 Kapalua
PNDS 612 Silversword Dr $3,100,000 3 3.5 3,136 0.22 18 $989 2001 395987 Pineapple Hill
PNDS 233 Crestview Rd $5,150,000 4 4 4,390 0.46 23 $1,173 2009 395932 Pineapple Hill Estates
PNDS 1216 Summer Rd $8,450,000 6 6.5 7,784 0.62 107 $1,086 1990 394986 Pineapple Hill

Kapalua Resort Home Sales YTD 2022 vs. Prior Years

SOLD YTD 2021 2020 2019 2018 2017 2016
Number of Sales 7 29 17 19 8 8 14
Volume $33,950,000 $144,197,500 $90,787,000 $47,954,020 $30,943,300 $20,920,000 $50,940,000
Low Sales Price $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000 $1,750,000 $2,050,000
High Sales Price $7,500,000 $15,000,000 $24,000,000 $6,000,000 $12,000,000 $3,550,000 $9,500,000
Average SP $4,850,000 $4,972,328 $5,340,412 $2,664,112 $3,867,913 $2,615,000 $3,638,571
Average SP/Sq. ft. $1,153 $982 $1,063 $715 $755 $663 $830
Average DOM 265 227 151 270 355 184 217
Average SP/LP 95% 94% 91% 92% 89% 93% 90%

In 2022, we are seeing a trend toward longer days on market and a higher sales price/sq. ft.  That said when looking at the sales statistics, it's important to note some differences:

Status Address List Price Sold Price SP/LP Closing Date Bds Bths Sq. Ft.  Land Acres DOM SP/Sq. Ft. Built MLS # Subdivision
SLD 212 Plantation Club Dr $5,750,000 $5,425,000 94% 1/7/22 4 4.5 4,790 2.02 499 $940 1999 388335 Plantation Estates
SLD 324 Cook Pine Dr $2,999,000 $2,750,000 92% 1/31/22 3 3.5 3,670 0.25 143 $749 1990 392959 Pineapple Hill
SLD 320 Cook Pine Dr $3,995,000 $3,850,000 96% 3/3/22 3 3.5 4,135 0.22 38 $931 1999 394464 Pineapple Hill
SLD 300 Mahana Ridge St $4,750,000 $4,750,000 100% 3/3/22 4 4.5 2,968 1.29 206 $1,600 2021 392591 Mahana Estates
SLD 218 Plantation Club Dr $8,250,000 $7,500,000 91% 4/8/22 5 5.5 7,267 2.19 595 $1,032 1992 388247 Plantation Estates
SLD 310 Mahana Ridge St $4,850,000 $4,850,000 100% 4/14/22 4 4.5 2,968 1.51 241 $1,634 2021 392657 Mahana Estates
SLD 236 Crestview Rd $5,395,000 $4,825,000 89% 6/17/22 4 4.5 4,077 0.45 136 $1,183 2003 394626 Pineapple Hill Estates

A newly constructed home at Mahana Estates sold at 100% of asking, whereas older homes in Pineapple Hill and Plantation Estates, where some updates may be needed or desired, sold at 89-92% of asking. 

Note these figures do not include homes or land that aren't part of the Kapalua Resort Association

Kapalua's Residential Communities

PINEAPPLE HILL & PINEAPPLE HILL ESTATES

ACTIVE LISTINGS 1
Volume $7,900,000
Average LP/Sq. Ft. $1,093
Average DOM 306
   
PENDING SALES 3
Volume $16,700,000
Low LP $3,100,000
High LP $8,450,000
Average LP $5,566,666
Average LP/Sq. Ft. $1,082
Average DOM 49

Pineapple Hill & Pineapple Hill Estates Homes

SOLD YTD 2022 2021 2020 2019 2018 2017 2016
Number of Sales 3 15 10  15 4 6 9
Volume $11,425,000 $46,012,500 $27,187,000 $35,834,020 $9,550,000 $15,145,000 $21,170,000
Low Sales Price $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000 $1,750,000 $2,050,000
High Sales Price $4,825,000 $4,850,000 $3,750,000 $3,200,000 $2,680,000 $3,550,000 $2,700,000
Average SP $3,808,333 $3,067,500 $2,718,700 $2,388,935 $2,387,500 $2,524,167 $2,352,222
Average SP/Sq. ft. $955 $768 $696  $692 $588 $680 $651
Average DOM 90 160 137  262 325 219 219
Average SP/LP 93% 95% 95% 94% 92% 93% 91%

Pineapple Hill & Pineapple Hill Estates Land

At the time of this post, there are no active listings and just one pending lot.

ACTIVE LISTINGS 0
   
PENDING SALES 1
Volume $1,295,000
List Price $1,295,000
Average LP/Sq. Ft. $106
Average DOM 62
SOLD YTD 2022 2021 2020 2019 2018 2017 2016
Number of Sales 4 2 1 0 0 0 0
Low Sales Price $879,000 $1,195,000 $950,000 NA NA NA NA
High Sales Price $1,128,000 $1,305,000 $950,000 NA NA NA NA
Average Sales Price $1,500,000 $1,250,000 $950,000 NA NA NA NA
Average SP/Sq. ft. $101 $62 $87 NA NA NA NA
Average DOM 305 143 314 NA NA NA NA
Average SP/LP 100% 100% 90% NA NA NA NA

PLANTATION ESTATES AT KAPALUA

Plantation Estates Homes

ACTIVE LISTINGS 1
Volume $12,300,000
List Price $12,300,000
Average LP/Sq. Ft. $1,726
Average DOM 156
   
PENDING SALES 0
SOLD YTD 2021 2020 2019 2018 2017
Number of Sales 2 6 3 1 1 1
Volume $12,925,000 $32,635,000 $13,850,000 $6,000,000 $3,000,050 $3,200,000
Low Sales Price $5,425,000 $4,025,000 $3,750,000 $6,000,000 $3,000,050 $3,200,000
High Sales Price $7,500,000 $10,100,000 $5,650,000 $6,000,000 $3,000,050 $3,200,000
Average SP $6,462,500 $5,439,167 $4,616,667 $6,000,000 $3,000,050 $3,200,000
Average SP/Sq. ft. $986 $933 $1,006 $972 $463 $914
Average DOM 547 258 70 215 372 108
Average SP/LP 93% 93% 92% 81% 83% 100%

Plantation Estates Land

ACTIVE LISTINGS 2
Volume $4,245,000
Low LP $1,995,000
High LP $2,250,000
Average LP $2,122,500
Average LP/Sq. Ft. $21
Average DOM 130
   
PENDING SALES 0
SOLD YTD 2022 2021 2020 2019 2018 2017
Number of Sales 2 5 2 0 0 2
Volume $4,545,000 $7,965,000 $1,700,000 0 0 $2,174,000
Low Sales Price $845,000 $975,000 $800,000 NA NA $875,000
High Sales Price $3,700,000 $2,600,000 $900,000 NA NA $1,299,000
Average SP $2,272,500 $1,593,000 $850,000 NA NA $1,087,000
Average SP/Sq. ft. $22 $15 $9 NA NA $12
Average DOM $618 226 53 NA NA 211
Average SP/LP 96% 97% 81% NA NA 84%

HONOLUA RIDGE

Honolua Ridge Homes

There are no active home listings or pending sales at Honolua Ridge at the time of this post.

SOLD YTD 2021 2020 2019 2018 2017
Number of Sales 0 4 1 2 2 1
Volume 0 $25,500,000 $3,850,000 $6,120,000 $6,393,250 $2,575,000
Low Sales Price NA $5,000,000 $3,850,000 $2,850,000 $3,000,000 $2,575,000
High Sales Price NA $8,700,000 $3,850,000 $3,270,000 $3,393,250 $2,575,000
Average SP NA $6,375,000 $3,850,000 $3,060,000 $3,196,625 $2,575,000
Average SP/Sq. ft. NA $1,175 $1,036 $759 $811 $306
Average DOM NA 276 40 352 167 48
Average SP/LP NA 94% 91% 89% 89% 86%

Honolua Ridge Land

ACTIVE LISTINGS 1
Volume $1,587,000
Average LP/Sq. Ft. $9
Average DOM 22
   
PENDING SALES 0
SOLD YTD 2022 2021 2020 2019 2018 2017
Number of Sales 5 9 1 0 0 4
Volume $10,250,000 $13,365,000 $850,000 0 0 $3,605,000
Low Sales Price $1,163,000 $805,000 $850,000 NA NA $715,000
High Sales Price $2,795,000 $2,000,000 $850,000 NA NA $1,400,000
Average SP $2,050,100 $1,485,000 $850,000 NA NA $901,250
Average SP/Sq. ft. $6 $7 $5 NA NA $3
Average DOM 135 227 360 NA NA 601
Average SP/LP 96% 92% 95% NA NA 81%

MAHANA ESTATES

Mahana Estates Homes

There are no active home or pending listings in Mahana Estates at the time of this post.  Mahana Estates is a relatively new development, and construction is just beginning.

SOLD YTD 2022 2021 2020 2019 2018 2017
Number of Sales 2 1 1 0 0 0
Volume $9,600,000 $5,250,000 $6,400,000 0 0 0
Low Sales Price $4,750,000 $5,250,000 $6,400,000 NA NA NA
High Sales Price $4,850,000 $5,250,000 $6,400,000 NA NA NA
Average SP $4,800,000 $5,250,000 $6,400,000 NA NA NA
Average SP/Sq. ft. $1,617 $1,229 $1,634 NA NA NA
Average DOM 224 52 122 NA NA NA
Average SP/LP 100% 99% 77% NA NA NA

Mahana Estates Land

There are no active lot listings in Mahana Estates at the time of this post.

SOLD YTD 2022 2021 2020 2019 2018 2017
Number of Sales 2 42 3 2 0 0
Volume $3,850,000 $41,435,000 $2,425,000 $3,150,000 0 0
Low Sales Price $1,200,000 $700,000 $800,000 $1,300,000 NA NA
High Sales Price $1,400,000 $2,150,000 $825,000 $1,850,000 NA NA
Average SP $1,283,333 $986,548 $808,333 $1,575,000 NA NA
Average SP/Sq. ft. $20 $17 $12 $23 NA NA
Average DOM 161 163 157 60 NA NA
Average SP/LP 94% 94% 95% 10000% NA NA

KAPALUA PLACE & OCEANFRONT HOMES

ACTIVE LISTINGS 1
Volume $59,500,000
Low LP $59,500,000
High LP $59,500,000
Average LP $59,500,000
Average LP/Sq. Ft. $8,954
Average DOM 108
   
PENDING SALES 0
SOLD YTD 2021 2020 2019 2018 2017
Number of Sales 0 3   0 1 0
Volume 0 $34,800,000 $39,500,000 0 $12,000,000 0
Low Sales Price NA $8,700,000 $15,500,000 NA $12,000,000 NA
High Sales Price NA $15,000,000 $24,000,000 NA $12,000,000 NA
Average SP NA $11,600,000 $19,750,000 NA $12,000,000 NA
Average SP/Sq. ft. NA $1,809 $2,975 NA $1,605 NA
Average DOM NA 489 425 NA 833 NA
Average SP/LP NA 93% 79% NA 80% NA

There is just one remaining oceanfront lot in Kapalua, which sold in 2020 for $8,000,000 and $108/sq. ft.  It will likely soon be developed.

Prepared on 6.19.2022. Sales Data 1.1.2022 through 6.17.2022

If you are thinking of buying or selling in Kapalua, please contact Courtney M. Brown for more detailed information on the market at each of these Kapalua communities,

54 Properties Found. Page 8 of 9

Expansive, Panoramic Ocean View From This Large...

REDUCED 3% Photo of Listing #401569

$1,430,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 15.84 Acres
  • 1,344 ft²

Residential

500 Kapalua Dr, Unit 22p3-4, Kapalua, HI

MLS® #401569

Listed By: Lowson & Associates
Office Contact: laurie@lowson.com

Expansive, Panoramic Ocean View From This Large Two Bedroom, Two Bath Kapalua Golf Villa. Expanded Dining Area, Extended Kitchen With Pantry And Induction Cooktop. Newer A/c’s Recently Replaced. Sold Mostly Furnished. Enjoy The Amenities Of Kapalua, Resort...

View Listing

Finally! The Front Row Kapalua Bay Villas Prope...

REDUCED 3% Photo of Listing #401479

$3,298,000 Active Fee Simple

  • 2 Beds
  • 3 Baths
  • 16.45 Acres
  • 1,447 ft²

Residential

500 Bay Dr, Unit 29b-1,2, Kapalua, HI

MLS® #401479

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677

Finally! The Front Row Kapalua Bay Villas Property That You Have Been Waiting For Is Now Available! Kapalua Bay Villas 29b1,2 Is A Two-bedroom, Three-bathroom Unit Spaciously Spread Across 1,447 Sq. Ft. Over 2 Floors. Breathtaking Ocean, Honolua Bay & Islan...

View Listing

Experience Island Luxury Living At Its Finest W...

REDUCED 3% Photo of Listing #401176

$1,450,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 21.6 Acres
  • 1,125 ft²

Residential

100 Ridge Rd, Unit 2914, Kapalua, HI

MLS® #401176

Listed By: Ridge Realty Rentals LLC

Experience Island Luxury Living At Its Finest With This Stunning "gold Level" Remodeled, One-bedroom/two Bath Ridge Villa In The Prestigious Kapalua Resort On Maui. Offering Captivating Sunrise/sunset Ocean, Island And Coastal Views, With Professionally De...

View Listing

With Construction Completion In October 2024, 3...

Photo of Listing #401098

$5,975,000 Active Fee Simple

  • 4 Beds
  • 4½ Baths
  • 0.25 Acres
  • 4,150 ft²

Residential

306 Cook Pine Dr, Unit 73, Kapalua, HI

MLS® #401098

Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736

With Construction Completion In October 2024, 306 Cook Pine Drive Will Be The First Brand-new Home For Sale In Pineapple Hill In Over 12 Years. This Spacious, 4,150 Sf Cutting-edge Home Has 4-bedrooms, 4.5 Baths + Office And Family Room Home, Has An Upstair...

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Rare, Highly Desirable One-bedroom Town-home St...

REDUCED 13% Photo of Listing #401043

$1,395,000 Active Fee Simple

  • 1 Beds
  • 2 Baths
  • 21.8 Acres
  • 1,150 ft²

Residential

100 Ridge Rd, Unit 2223, Kapalua, HI

MLS® #401043

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583

Rare, Highly Desirable One-bedroom Town-home Style Ridge Unit With 1,150 Square Feet Of Living Space In A Prime Location. Boasting Terrific, Almost 270-degree Ocean Views From Both The First Level And From Primary Suite Located On The Second Level. The Ridg...

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230 Crestview Road Is One Of The Few Remaining ...

Photo of Listing #401010

$1,995,000 Active Fee Simple

  • 0.45 Acres

Land

230 Crestview Rd, Unit 15, Kapalua, HI

MLS® #401010

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583

230 Crestview Road Is One Of The Few Remaining Undeveloped Lots In Pineapple Hill Estates, Kapalua Resort's Prestigious Gated Residential Community. This Estate Site Offers Magnificent Ocean And Neighbor Island Views. Plans And Approved Building Permits Are...

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.  Interested parties are advised to do their own due diligence and confirm all figures contained herein.

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

 

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