Kapalua Resort Market Update: 2023 Q1

Posted by Courtney M. Brown on Thursday, April 20th, 2023 at 2:44pm.

KAPALUA MARKET UPDATE: First Quarter 2023

The view from 330 Cook Pine Drive in Pineapple Hill, Kapalua

Kapalua Condominiums:  2018-Q1 2023

Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.

Kapalua Resort Condo Sales

Key Stats by Community

How does the market in the first Quarter of 2023 stack up for each community when compared with prior years?

Coconut Grove on Kapalua Bay

Coconut Grove Kapalua Condo Sales

In the first quarter of 2023 there were no sales at Coconut Grove. 

In 2022, there were just two sales at Coconut Grove.  The low sale was significantly higher than in 2021.  The reason for this is that all sales in 2022 were oceanfront, while in 2021 there was a second-row sale.   Note: in 2021 and 2022 combined there were 8 sales, which represents 22% of the inventory to change to new ownership.

Metrics: 2022 vs. 2021
Number of Sales -67%
Sales Volume -62%
Low Sales Price +43%
High Sales Price -9%
Average Sales Price +14%
Average Sales Price/Sq. Ft. +19%
Average DOM -57%
Average Sales Price/List Price -4%

View Coconut Grove Kapalua units for sale

Kapalua Ironwoods

Kapalua Ironwoods Condo Sales

**Note Ironwoods 102 was purchased by Pacaso and has been sold off in 1/4 interests.  Those listings and sales are not accounted for in these figures.  Since 2020 about 30% of the residences at the Ironwoods changed hands.

In the first quarter of 2023, there were no sales at the Kapalua Ironwoods.

In 2022, the average sales price was buoyed by a record sale of a renovated oceanfront residence. The number of sales matched those in 2020.

Metrics: 2022 vs. 2021
Number of Sales -20%
Sales Volume -2%
Low Sales Price +53%
High Sales Price +51%
Average Sales Price +23%
Average Sales Price/Sq. Ft. +6%
Average DOM -53%
Average Sales Price/List Price +3%

View Kapalua Ironwoods for Sale

Kapalua Bay Villas

Kapalua Bay Villas condo sales

In the first quarter of 2023, there was just one Bay Villa to sell.  A one bedroom, ocean view condominium in building 17. 

In 2022, the Bay Villas also saw a record-high sale of an oceanfront villa.  This also served to increase the average sales price.  That said, the number of sales was much closer to 2020 figures.

Metrics: 2022 vs. 2021
Number of Sales -67%
Sales Volume -57%
Low Sales Price +72%
High Sales Price +10%
Average Sales Price +30%
Average Sales Price/Sq. Ft. +36%
Average DOM -71%
Average Sales Price/List Price +4%

View Kapalua Bay Villas for Sale

Kapalua Golf Villas 

Kapalua Golf Villas Condo Sales

In the first quarter of 2023, there were two Golf Villa sales, a one bedroom in building 21 and a 2 bedroom in building 25.

In 2022, the Golf Villas experienced about half of the sales of 2021, but like other properties, the sale of a renovated two-bedroom in 21 building set a record high, thereby increasing the average sales price and price per square foot dramatically.

Metrics: 2022 vs. 2021
Number of Sales -52%
Sales Volume -34%
Low Sales Price +57%
High Sales Price +39%
Average Sales Price +39%
Average Sales Price/Sq. Ft. +41%
Average DOM -34%
Average Sales Price/List Price +1%

View Kapalua Golf Villas for Sale

Kapalua Ridge Villas

Kapalua Ridge Villas Condo Sales

In 2023, there were two villas to sell, both two bedrooms, in buildings 12 and 29.

In 2022, similar to other properties, the available inventory at the Ridge Villas was quite limited.  The sale of a two bedroom villa set a record high of $1,900,000.

Metrics: 2022 vs. 2021
Number of Sales -61%
Sales Volume -50%
Low Sales Price +61%
High Sales Price +12%
Average Sales Price +26%
Average Sales Price/Sq. Ft. +45%
Average DOM -61%
Average Sales Price/List Price +3%

View Kapalua Ridge Villas for sale

Montage Residences Kapalua Bay

Montage Kapalua Bay Condo Sales

In the first quarter of 2023, there was just one Residence to sell at the Montage, a three bedroom residence located on the ground floor in building 2.

While the record high sale was in 2021, the average sales price did increase at Montage as did the average sales price/sq. ft.  It is noteworthy that the high sale in 2021 was a four bedroom residence.  With only eight ever built, these seldom come up, but when they do sell, they command a high price that does impact the average sales price and price per sq. ft. as they are directly oceanfront residences that often command a higher price.  The number of sales was similar to 2020, but the volume was significantly higher.

Metrics: 2022 vs. 2021
Number of Sales -63%
Sales Volume -61%
Low Sales Price +11%
High Sales Price -40%
Average Sales Price +4%
Average Sales Price/Sq. Ft. +16%
Average DOM 0%
Average Sales Price/List Price -1%

View Montage Residences Kapalua Bay for Sale

Ritz-Carlton Kapalua Residences 

Ritz Carlton Residences Kapalua Condo Sales

There have been no condo sales in the first quarter of 2023 at the Ritz-Carlton Residences in Kapalua.

In 2022, the Ritz-Carlton Kapalua also saw an increase in the average sales price/sq. ft. with an increase in the sales price to list price ratio as well.

Metrics: 2022 vs. 2021
Number of Sales -20%
Sales Volume -23%
Low Sales Price +5%
High Sales Price +0%
Average Sales Price -4%
Average Sales Price/Sq. Ft. +8%
Average DOM -64%
Average Sales Price/List Price +5%

View Ritz-Carlton Residences Kapalua for Sale

KAPALUA RESIDENTIAL MARKET UPDATE

Kapalua's Residential Communities

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

In the first quarter of 2023, there were only two home sales: a home in Pineapple Hill that sold at $4,150,000 and a home in Pineapple Hill Estates that sold for $5,775,000.

KAPALUA HOME SALES

Kapalua Home Sales Q1 2023 

PINEAPPLE HILL & PINEAPPLE HILL ESTATES

Pineapple Hill and Pineapple Hill Estates Home Sales

View Pineapple Hill & Pineapple Hill Estates Homes for sale

PLANTATION ESTATES AT KAPALUA HOMES

Plantation Estates Home Sales

View Plantation Estates Homes for Sale

HONOLUA RIDGE HOMES

Honolua Ridge Kapalua Home Sales

View Honolua Ridge Homes for sale

MAHANA ESTATES HOMES

Mahana Estates Home Sales

 View Mahana Estates Homes

KAPALUA PLACE & OCEANFRONT HOMES

Kapalua Place Home SalesActive listings: 

9 Bay Drive is an oceanfront 7B/10B home on 9.63 acres listed at $41,900,000

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.

View Kapalua Place and Kapalua Oceanfront homes for sale

KAPALUA LAND SALES

In the first quarter of 2023, there are no lot sales to report in the Kapalua Resort.  

Kapalua Land Sales

Pineapple Hill & Pineapple Hill Estates Land

Pineapple Hill & Pineapple Hill Estates Land Sales

View Pineapple Hill & Pineapple Hill Estates Land for Sale

Plantation Estates Land

Plantation Estates Land Sales

View Plantation Estates Land for Sale

Mahana Estates Land

Mahana Estates Land Sales 

View Mahana Estates Land for Sale

Honolua Ridge Land

Honolua Ridge Land Sales

View Honolua Ridge Land for Sale

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,

63 Properties Found. Page 6 of 11

Welcome To An Extraordinary Sanctuary Of Privac...

Photo of Listing #403222

$14,000,000 Active Fee Simple

  • 3 Beds
  • Baths
  • 2.18 Acres
  • 5,366 ft²

Residential

223 Plantation Club Dr, Kapalua, HI

MLS® #403222

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

Welcome To An Extraordinary Sanctuary Of Privacy And Luxury In Kapalua’s Prestigious Guard-gated Community Of Plantation Estates, With Security Provided Seven Days A Week. Recently And Extensively Renovated Inside And Out, This 2.18-acre Estate Has Been Tra...

The Best Priced Home At Kapalua Ridge Offering ...

REDUCED 4% Photo of Listing #403133

$1,049,000 Active Fee Simple

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

Residential

100 Ridge Rd, Unit 714, Kapalua, HI

MLS® #403133

Listed By: Real Broker LLC
Office Contact: hawaiisbest1@gmail.com

The Best Priced Home At Kapalua Ridge Offering Luxurious Quiet Island Living  You Will Find elegance And Tranquility In This Exquisitely Upgraded Ground-floor, Single Level condominium At Kapalua Ridge, Unit 714. Located In The Intimate Northern Portion Of...

Wow! The Only Penthouse At The Ritz Carlton Ka...

Photo of Listing #403115

$8,500,000 Active Fee Simple

  • 2 Beds
  • Baths
  • 28.04 Acres
  • 2,558 ft²

Residential

1 Ritz Carlton Dr, Unit 1626, Kapalua, HI

MLS® #403115

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-870-7060

Wow! The Only Penthouse At The Ritz Carlton Kapalua Is Now Available! This Very Unique Condominium Apartment Encompasses The Entire Oceanside Top Floor Of The North Tower With Approximately 2,558 Square Feet Of Interior Living Plus A Lanai Of Approximatel...

An Exceptional Residence Where Uncompromising A...

Photo of Listing #403334

$18,000,000 Active Fee Simple

  • 4 Beds
  • Baths
  • 1.04 Acres
  • 4,720 ft²

Residential

210 Naio Pl, Kapalua, HI

MLS® #403334

Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-280-1080

An Exceptional Residence Where Uncompromising Attention To Detail And A Harmonious Fusion Of Comfort And Nature Create A Testament To Unparalleled Quality And Sophistication. Where Every Day Is An Opportunity To Savor The Beauty And Tranquility That Define...

Experience Luxury Living At Its Finest In This ...

REDUCED 9% Photo of Listing #402955

$1,995,000 Active Fee Simple

  • 2 Beds
  • 3 Baths
  • 21.8 Acres
  • 1,778 ft²

Residential

100 Ridge Rd, Unit 413-15, Kapalua, HI

MLS® #402955

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

Experience Luxury Living At Its Finest In This Spacious, Single-level 2 Bedroom, 3 Bath Villa At The Ridge At Kapalua. The Ridge Is Kapalua's Best-constructed (mostly Concrete), Low-density Condominium Residence Suitable For Permanent Living Or Vacation Ren...

In A Tranquil Location In Kapalua’s Prestigious...

Photo of Listing #402961

$1,975,000 Active Fee Simple

  • 2.34 Acres

Land

221 Plantation Club Dr, Kapalua, HI

MLS® #402961

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

In A Tranquil Location In Kapalua’s Prestigious Plantation Estates Lies Unique Acreage Unlike Any Other. One Of The Thirty-six Original Home Sites, This 2.34 Acre Lot Is Surrounded By Some Of The Most Luxurious Homes In All Of Maui. Privacy, Seclusion, And ...

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

 

Leave a Comment