The Kapalua Resort: Market Update
June 1, 2021
Market Overview: Kapalua Resort Condos, Homes and Land
Active Listings: 54
Price Range: $750,000-$9,900,000
Avg LP/Sq. ft.: $779
Avg DOM: 264
Pending Sales: 46
Price Range: $760,000-8,500,000
Avg LP/Sq. Ft.: $786
Avg DOM: 174
| KAPALUA RESORT |
YTD 2021 |
YTD 2020 |
YTD Change |
2020 |
Change |
| Sales |
99 |
17 |
482% |
65 |
52% |
| Volume |
$228,099,750 |
$29,759,100 |
666% |
$173,329,500 |
32% |
| Avg LP |
$2,422,861 |
$1,878,000 |
29% |
$3,065,305 |
-21% |
| Avg SP |
$2,304,038 |
$1,684,471 |
37% |
$2,666,607 |
-14% |
| SP/LP |
96% |
93% |
3% |
93% |
3% |
| Avg SP/Sq. Ft. |
$803 |
$800 |
0% |
$897 |
-10% |
| Avg DOM |
183 |
151 |
21% |
176 |
4% |
Note: Data is through 5.31.2021 and compares the same period of time in 2020. Fractional sales at the Montage Residences, Kapalua Bay are not included in this summary
Similar to the housing markets across the US, the Kapalua Resort market is seeing a remarkable amount of activity in 2021 vs. the same period in 2020. The total number of sales is up 482% and volume 666%. The average sales price is up 37% over the same period in the prior year. It's noteworthy that the average sales price/sq. ft. is level. This would be influenced by more vacant land sales (22 compared with 2 in 2020) added into the mix, with a 15-acre parcel selling in Honolua Ridge at just $2/sq. ft in 2021. It is noteworthy that in 2021, the high SP/sq. ft. year to date is at the Montage Residences, where an oceanfront residence closed at $2101/sq. ft. In 2020, the high was $1842/sq. ft. for an oceanfront residence at the Ironwoods.
With pending sales currently at 46, the resort is on track to see sales volume 123% over that of 2020 at a very minimum.
Market Overview: Kapalua Resort Condominiums
Active Listings: 24
Price Range: $785,000-8,700,000
Avg LP/Sq. ft.: $1403
Avg DOM: 212
Pending Sales: 29
Price Range: $769,000-8,500,000
Avg LP/Sq. Ft.: $1141
Avg DOM: 193
| KAPALUA CONDOS |
YTD 2021 |
YTD 2020 |
YTD Change |
2020 |
Change |
| Sales |
59 |
12 |
392% |
40 |
48% |
| Volume |
$106,792,250 |
$16,166,000 |
561% |
$68,617,500 |
56% |
| Avg LP |
$1,876,784 |
$1,420,917 |
32% |
$1,806,947 |
4% |
| Avg SP |
$1,810,038 |
$1,347,167 |
34% |
$1,715,438 |
6% |
| SP/LP |
96% |
95% |
1% |
94% |
2% |
| Avg SP/Sq. Ft. |
$1,035 |
$937 |
10% |
$1,000 |
4% |
| Avg DOM |
193 |
162 |
19% |
165 |
17% |
Kapalua has seven different condominium communities. There are the Bay Villas, Golf Villas, and Ridge Villas, which are a mix of one and two-bedroom condominium units (sometimes three-bedroom villas will pop up, when a two-bedroom villa has been modified) that can be rented short term. The Ritz-Carlton Residences, Kapalua and Montage Kapalua Bay are luxury residences situated in five-star hotels. The Coconut Grove and Ironwoods are low density, low-rise communities, with private garages. Both the Coconut Grove and Ironwoods have restrictions in place regarding short-term rentals, lending a more residential feel to the properties.
The number of sales is up 392%, and volume is up 561%. Average Sales Price is up 34%. It's noteworthy that the DOM on market is also up, but the market is currently moving very swiftly at the lower end of the market, so this may be reflective of older, higher-priced inventory selling.
View Kapalua Condos for Sale
Market Overview: Kapalua Resort Homes
Active Listings: 7
Price Range: $2,850,000-$9,900,000
Avg LP/Sq. ft.: $1105
Avg DOM: 342
Pending Sales: 4
Price Range: $2,600,000-$4,695,000
Avg LP/Sq. Ft.: $690
Avg DOM: 211
| KAPALUA HOMES |
YTD 2021 |
YTD 2020 |
Change |
2020 |
Change |
| Sales |
18 |
3 |
500% |
17 |
6% |
| Volume |
$95,627,500 |
$10,870,000 |
780% |
$90,787,000 |
5% |
| Avg LP |
$5,654,611 |
$4,391,667 |
56% |
$6,473,563 |
-13% |
| Avg SP |
$5,312,639 |
$3,623,333 |
47% |
$5,321,063 |
0% |
| SP/LP |
94% |
87% |
8% |
91% |
3% |
| Avg SP/Sq. Ft. |
$1,009 |
$781 |
29% |
$1,043 |
-3% |
| Avg DOM |
165 |
158 |
4% |
156 |
6% |
As people revaluated their living spaces shifting to homes over condos in both late 2020 and early 2021, the residential market in Kapalua saw an unprecedented amount of activity. Condo sales seemed to pick up a bit later, as travel restrictions started to lift.
Sales increased dramatically, particularly in the Pineapple Hill and Plantation Estates communities. There are fewer homes in Honolua Ridge and Mahana Estates, though that is starting to change with some new construction underway.
View Kapalua Homes for Sale
Market Overview: Kapalua Resort Land
Active Listings: 22
Price Range: $750,000-$7,250,000
Avg LP/Sq. ft.: $29
Avg DOM: 295
Pending Sales: 13
Price Range: $850,000-$2,900,000
Avg LP/Sq. Ft.: $23
Avg DOM: 119
| KAPALUA LAND |
YTD 2021 |
YTD 2020 |
Change |
2020 |
Change |
| Sales |
22 |
2 |
1000% |
8 |
175% |
| Volume |
$25,680,000 |
$1,600,000 |
1505% |
$13,925,000 |
84% |
| Avg LP |
$1,243,182 |
$850,000 |
55% |
$2,061,250 |
-40% |
| Avg SP |
$1,167,273 |
$800,000 |
46% |
$1,740,625 |
-33% |
| SP/LP |
95% |
94% |
1% |
89% |
7% |
| Avg SP/Sq. Ft. |
$15 |
$11 |
36% |
$32 |
-53% |
| Avg DOM |
173 |
74 |
134% |
284 |
-39% |
Across the Kapalua Resort, vacant land sales had the most dramatic increase of all, with sales in the new Mahana Estates development picking up. There are only a handful of undeveloped lots left in Pineapple Hill and Pineapple Hill Estates.
View Kapalua Land for Sale
View all properties for sale in Kapalua
NEW 
$8,200,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
21
Acres
-
2,904
ft²
Residential
1 Bay Dr, Unit 1302, Kapalua, HI
MLS® #404859
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677
Welcome To The Montage Residences Kapalua Bay, Unit 1302! This Grand Residence 3-bedroom, Den, 3.5 Bathroom Property Is One Of The Most Desirable Residences Within The Montage Community Because Of Its Direct-front Row Location. Its 3rd Floor Location Offers...
$2,295,000 Pending Fee Simple
-
2
Beds
-
3
Baths
-
21.8
Acres
-
1,756
ft²
Residential
100 Ridge Rd, Unit 1523-24, Kapalua, HI
MLS® #404798
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Enjoy Dramatic Ocean Views From This Beautifully Furnished Two-bedroom Villa At The Ridge In Kapalua. The Sweeping Views Extend Along The Kapalua Coast Out Toward Honolua Bay And Across The Plantation Course. The Entry Level Opens To The Vista, And Here Y...
$5,850,000 Pending Fee Simple
-
3
Beds
-
2½
Baths
-
9.19
Acres
-
2,070
ft²
Residential
104 Ironwood Ln, Unit 104, Kapalua, HI
MLS® #404690
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Welcome To The Ironwoods At Kapalua. This Incredible Oceanfront 3-bedroom Condominium Residence Was Totally Renovated And Reconfigured And Offers An Unparalleled Living Experience Directly On The Iconic Signature 17th Hole Of The Kapalua Bay Course On The P...
$2,375,000 Active Fee Simple
-
2
Beds
-
2½
Baths
-
16.45
Acres
-
1,503
ft²
Residential
500 Bay Dr, Unit 37b2,3,4, Kapalua, HI
MLS® #404634
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
Discover The Ultimate Luxury Villa Along The Incredible Kapalua Coast With This Stunning Single-level, Two-bedroom Condominium At The Bay Villas. Upon Entering The Convenient “no-stairs” Entrance, You're Welcomed By Awe-inspiring Views Of The Pacific Ocean....
$4,195,000 Active Fee Simple
-
3
Beds
-
3½
Baths
-
21
Acres
-
2,789
ft²
Residential
1 Bay Dr, Unit 5104, Kapalua, HI
MLS® #404569
Listed By: Compass
Office Contact: Cell: 808-283-3436
Welcome To Montage Residences Kapalua Bay, Where Residence 5104 Offers Unparalleled Beauty And Tranquility. This Luxury Condominium, With Its Private Ground Floor Location, Seamlessly Blends Indoor Comfort With Outdoor Splendor. Highlighted By Captivating G...
$10,800,000 Active Fee Simple
-
5
Beds
-
5½
Baths
-
4
Acres
-
7,199
ft²
Residential
94 Keoawa Pl, Kapalua, HI
MLS® #404520
Listed By: Island Sotheby's International Realty(L)
Office Contact: Cell: 808-250-0210
Who Says That You Can't Be Immersed In Nature And Luxury Simultaneously? Tucked Away In Honolua Ridge, A Community Within The Plantation Estates, This Gracious 4-acre Estate Borders 2,749 Acres Of Conservation Land. The 2023 Renovation Combines Impeccable D...
