Kapalua Resort Market Update | Q3 2022

Posted by Courtney M. Brown on Monday, October 3rd, 2022 at 7:53pm.

KAPALUA MARKET UPDATE: Q3 20

Kapalua Home for SaleThe view from 222 Crestview, Pineapple Hill Estates

Kapalua Condominiums, Homes and Land

Kapalua Condominiums

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.

How does the market through the end of the third quarter of 2022 stack up for each community?

A FIVE-YEAR OVERVIEW

Coconut Grove on Kapalua Bay

Coconut Grove Q3 2022 2021 2020 2019 2018 2017
Number of Sales 2 6 0 0 0 4
Sales Volume $10,990 $29,000,000 0 0 0 $18,950,000
Low Sales Price $5,300,000 $3,700,000 NA NA NA $4,500,000
High Sales Price $5,690,000 $6,250,000 NA NA NA $5,000,000
Average Sales Price $5,495,000 $4,833,333 NA NA NA $4,737,500
Average SP/Sq. Ft. $2,240 $1,883 NA NA NA $1,866
Average DOM 67 154 NA NA NA 64
Average SP/LP 93% 97% NA NA NA 95%

Kapalua Ironwoods*

Kapalua Ironwoods Q3 2022 2021 2020 2019 2018 2017
Number of Sales 4 5 4 1 1 0
Sales Volume $16,750,000 $17,020,000 $12,050,000 $2,300,000 $3,000,000 0
Low Sales Price $2,300,000 $1,500,000 $1,150,000 $2,300,000 $3,000,000 NA
High Sales Price $6,250,000 $4,150,000 $4,200,000 $2,300,000 $3,000,000 NA
Average Sales Price $4,187,500 $3,404,000 $3,012,500 $2,300,000 $3,000,000 NA
Average SP/Sq. Ft. $1,729 $1,634 $1,412 $1,065 $1,391 NA
Average DOM 149 320 124 671 204 NA
Average SP/LP 95% 92% 88% 93% 92% NA

*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.

Kapalua Bay Villas

KAPALUA BAY VILLAS Q3 2022 2021 2020 2019 2018 2017
Number of Sales 9 30 7 14 7 11
Sales Volume $14,799,000 $41,089,500 $7,538,000 $15,032,500 $7,621,250 $11,758,800
Low Sales Price $1,300,000 $755,000 $675,000 $800,000 $800,000 $725,000
High Sales Price $3,200,000 $2,900,000 $1,900,000 $1,485,000 $1,600,000 $1,725,000
Average Sales Price $1,642,111 $1,369,650 $1,076,857 $1,073,750 $1,088,750 $1,068,982
Average SP/Sq. Ft. $1,452 $1,104 $876 $287 $872 $882
Average DOM 62 232 149 287 258 287
Average SP/LP 100% 97% 92% 93% 95% 93%

Kapalua Golf Villas

KAPALUA GOLF VILLAS Q2 2022 2021 2020 2019 2018 2017
Sales 20 44 9 9 13 21
Volume $26,513,500 $42,071,750  $7,441,500  $15,248,872  $10,645,400  $15,900,099 
Low SP $940,000 $600,000  $600,000  $595,000  $575,000  $530,000 
High SP $1,949,000 $1,400,000  $1,200,000  $1,010,000  $1,200,000  $960,000 
Average SP $1,325,675 $956,176  $826,833  $802,572  $818,877  $757,148 
Average SP/Sq. Ft $1,201 $856  $749  $677  $678  $694 
Average DOM 82 122 124 165 155 351
Average SP/LP 101% 99% 94% 97% 98% 96%

Kapalua Ridge Villas

KAPALUA RIDGE VILLAS Q3 2022 2021 2020 2019 2018 2017
Sales 9 28 8 6 6 2
Volume $12,785,000 $31,301,998 $8,776,500 $4,904,000 $6,090,500 $2,400,000
Low SP $1,250,000 $775,000 $650,000 $650,000 $849,000 $950,000
High SP $1,900,000 $1,700,000 $1,487,500 $1,487,500 $1,487,500 $1,450,000
Average SP $1,420,556 $1,117,929 $1,097,063 $817,333 $1,097,063 $1,200,000
Average SP/Sq. Ft $1,167 $813 $701 $653 $701 $762
Average DOM 65 165 222 253 230 164
SP/LP 100% 97% 96% 96% 97% 97%

Montage Residences Kapalua Bay

MONTAGE RESIDENCES Q3 2022 2021 2020 2019 2018 2017
Number of Sales 9 27 9 21 12 12
Sales Volume $44,905,000 $128,678,533 $28,939,000 $86,445,000 $58,780,074 $54,388,000
Low Sales Price $3,000,000 $2,695,000 $2,750,000 $2,400,000 $3,495,000 $3,125,000
High Sales Price $8,000,000 $13,295,000 $4,159,000 $7,950,000 $8,950,000 $6,475,000
Average Sales Price $4,989,444 $4,765,872 $3,215,444 $4,116,429 $4,898,340 $4,532,333
Average SP/Sq. Ft. $1,999 $1,742 $1,407 $1,556 $1,572 $1,582
Average DOM 132 152 170 173 230 100
Average SP/LP 97% 98% 99% 97% 100% 99%

Ritz-Carlton Kapalua Residences 

RITZ-CARLTON RESIDENCES Q3 2022 2021 2020 2019 2018 2017
Number of Sales 3 5 3 1 6 3
Sales Volume $4,629,000 $9,655,000 $3,872,500 $900,000 $6,694,888 $4,701,888
Low Sales Price $990,000 $945,000 $735,000 $900,000 $830,000 $790,000
High Sales Price $2,650,000 $2,800,000 $2,300,000 $900,000 $1,400,000 $2,100,000
Average Sales Price $1,543,000 $1,931,000 $1,290,833 $900,000 $1,115,815 $1,567,296
Average SP/Sq. Ft. $1,424 $1,446 $1,065 $1,034 $1,093 $1,233
Average DOM 169 448 216 203 207 262
Average SP/LP 105% 97% 88% 92% 90% 94%

Key Figures for Kapalua Condo Sales in 2021 by Complex

Key Stats Coconut Grove The Ironwoods Kapalua Bay Villas Kapalua Golf Villas Kapalua Ridge Villas Montage Residences Ritz-Carlton Residences
Total Units in Complex 36 40 141 186 161 112 107
2021 Sales 6 5 30 44 28 27 5
% Complex to Sell 17% 13% 21% 24% 17% 24% 5%
Sales Volume $29,000,000 $17,020,000 $41,089,500 $42,071,750  $31,301,998 $128,678,533 $9,655,000
Low Sales Price $3,700,000 $1,500,000 $755,000 $600,000  $775,000 $2,695,000 $945,000
High Sales Price $6,250,000 $4,150,000 $2,900,000 $1,400,000  $1,700,000 $13,295,000 $2,800,000
Average Sales Price $4,833,333 $3,404,000 $1,369,650 $956,176  $1,117,929 $4,765,872 $1,931,000
Average SP/Sq. Ft. $1,883 $1,634 $1,104 $856  $813 $1,742 $1,446
Average DOM 154 320 232 122 165 152 448
Average SP/LP 97% 92% 97% 99% 97% 98% 97%

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 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.

KAPALUA HOMES SOLD 

KAPALUA HOMES Q3 2022 2021 2020 2019 2018 2017
Number of Sales 14 29 17 18 8 8
Volume $74,700,000 $144,197,500 $90,787,000 $47,954,020 $30,943,300 $20,920,000
Low Sales Price $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000 $1,750,000
High Sales Price $7,900,000 $15,000,000 $24,000,000 $6,000,000 $12,000,000 $3,550,000
Average SP $5,335,714 $4,972,327 $5,240,411 $2,664,112 $3,867,913 $2,615,000
Average SP/Sq. ft. $1,112 $982 $1,063 $715 $755 $663
Average DOM 193 227 151 270 355 184
Average SP/LP 97% 94% 91% 92% 89% 93%

KAPALUA LAND SOLD 

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 17 58 8 2 0 5
Sales Volume $27,694,500 $65,265,000 $13,925,000 $3,150,000   $5,779,000
Low Sales Price $845,000 $700,000 $850,000 $1,300,000   $715,000
High Sales Price $3,700,000 $2,600,000 $8,000,000 $1,850,000   $1,400,000
Average Sales Price $1,644,971 $1,135,259 $1,740,625 $1,575,000   $963,167
Average SP/Sq. ft. $40 $17 $32 $23   $6
Average DOM 209 178 284 60   471
Average SP/LP 97% 95% 89% 100%   82%

PINEAPPLE HILL & PINEAPPLE HILL ESTATES

Pineapple Hill & Pineapple Hill Estates Homes

Featured Listing: Click to view 222 Crestview

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 7 15 10  15 4 6
Volume $35,575,000 $46,012,500 $27,187,000 $35,834,020 $9,550,000 $15,145,000
Low Sales Price $2,750,000 $2,062,500 $1,600,000 $1,489,020 $1,970,000 $1,750,000
High Sales Price $7,900,000 $4,850,000 $3,750,000 $3,200,000 $2,680,000 $3,550,000
Average SP $5,082,142 $3,067,500 $2,718,700 $2,388,935 $2,387,500 $2,524,167
Average SP/Sq. ft. $1,023 $768 $696  $692 $588 $680
Average DOM 134 160 137  262 325 219
Average SP/LP 96% 95% 95% 94% 92% 93%

Pineapple Hill & Pineapple Hill Estates Land

Featured Listing: Click to view 322 Cook Pine Drive

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 5 2 1 0 0 0
Low Sales Price $879,000 $1,195,000 $950,000 NA NA NA
High Sales Price $1,500,000 $1,305,000 $950,000 NA NA NA
Average Sales Price $1,157,400 $1,250,000 $950,000 NA NA NA
Average SP/Sq. ft. $101 $62 $87 NA NA NA
Average DOM 204 143 314 NA NA NA
Average SP/LP 100% 100% 90% NA NA NA

PLANTATION ESTATES AT KAPALUA

Plantation Estates Homes

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 4 6 3 1 1 1
Volume $24,225,000 $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 $6,056,250 $5,439,167 $4,616,667 $6,000,000 $3,000,050 $3,200,000
Average SP/Sq. ft. $920 $933 $1,006 $972 $463 $914
Average DOM 306 258 70 215 372 108
Average SP/LP 96% 93% 92% 81% 83% 100%

Plantation Estates Land

SOLD Q3 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

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 1 4 1 2 2 1
Volume $5,300,000 $25,500,000 $3,850,000 $6,120,000 $6,393,250 $2,575,000
Low Sales Price $5,300,000 $5,000,000 $3,850,000 $2,850,000 $3,000,000 $2,575,000
High Sales Price $5,300,000 $8,700,000 $3,850,000 $3,270,000 $3,393,250 $2,575,000
Average SP $5,300,000 $6,375,000 $3,850,000 $3,060,000 $3,196,625 $2,575,000
Average SP/Sq. ft. $1,493 $1,175 $1,036 $759 $811 $306
Average DOM $95 276 40 352 167 48
Average SP/LP 97% 94% 91% 89% 89% 86%

Honolua Ridge Land

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 6 9 1 0 0 4
Volume $11,837,500 $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 $1,972,917 $1,485,000 $850,000 NA NA $901,250
Average SP/Sq. ft. $7 $7 $5 NA NA $3
Average DOM 133 227 360 NA NA 601
Average SP/LP 97% 92% 95% NA NA 81%

MAHANA ESTATES

Mahana Estates Homes

SOLD Q3 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 $8,850,000 $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

SOLD Q3 2022 2021 2020 2019 2018 2017
Number of Sales 4 42 3 2 0 0
Volume $5,795,000 $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 $1,945,000 $2,150,000 $825,000 $1,850,000 NA NA
Average SP $1,448,750 $986,548 $808,333 $1,575,000 NA NA
Average SP/Sq. ft. $23 $17 $12 $23 NA NA
Average DOM 128 163 157 60 NA NA
Average SP/LP 96% 94% 95% 10000% NA NA

KAPALUA PLACE & OCEANFRONT HOMES

SOLD Q3 2022 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.

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 6 of 9

301 Plantation Estates Drive Is Located In The ...

REDUCED 90% Photo of Listing #402771

$1,950,000 Active Fee Simple

  • 2.06 Acres

Land

301 Plantation Estates Dr, Kapalua, HI

MLS® #402771

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

301 Plantation Estates Drive Is Located In The Majestic Plantation Estates Of Kapalua, A Prime Gated Community Of 2+-acre Estate Sites. Sitting Adjacent To The Third Hole Of The World-renowned Plantation Golf Course, Home To The Pga’s First Tournament Each ...

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Blue Rock Lodge Stands As A Testament To Superi...

Photo of Listing #402601

$25,000,000 Active Fee Simple

  • 3 Beds
  • 5 Baths
  • 4.35 Acres
  • 6,976 ft²

Residential

215 Plantation Club Dr, Kapalua, HI

MLS® #402601

Listed By: Compass
Office Contact: Cell: 808-250-7633

Blue Rock Lodge Stands As A Testament To Superior Craftsmanship And Timeless Design. Spanning 4.35 Acres, This Extraordinary Residence Combines Two Adjoining Properties At 215 And 217 Plantation Club Drive In Kapalua’s Prestigious Plantation Estates. This A...

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Kapalua Golf Villas 14v2: Welcome To Your Furni...

REDUCED 10% Photo of Listing #402484

$898,000 Active Fee Simple

  • 1 Beds
  • 1½ Baths
  • 15.84 Acres
  • 899 ft²

Residential

500 Kapalua Dr, Unit 14v2, Kapalua, HI

MLS® #402484

Listed By: Hawaii Life (L)
Office Contact: Cell: 808-280-1390

Kapalua Golf Villas 14v2: Welcome To Your Furnished, Updated Villa On The Front Row Of The Kapalua Bay Golf Course, Hole Four. After A Day At The Beach Or Out Golfing, Prepare Dinner In Your Fully Equipped Kitchen And Sip A Spicy Margarita While You Watch T...

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Imagine Time Well Spent In This Picturesque Set...

REDUCED 3% Photo of Listing #402295

$1,799,000 Active Fee Simple

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

Residential

500 Kapalua Dr, Unit 27p7-8, Kapalua, HI

MLS® #402295

Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-276-7766

Imagine Time Well Spent In This Picturesque Setting In Your 2 Two-bedroom/ 2 Bathroom Villa With A Refined Design. Impressive Furniture And Finishes For Those That Appreciate High End Quality. Enjoy The Kapalua Lifestyle And Experience The Amazing Restauran...

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Seize The Opportunity To Build Your Dream Home ...

REDUCED 19% Photo of Listing #402221

$1,475,000 Active Fee Simple

  • 1.65 Acres

Land

640 Mahana Ridge St, Unit 39, Kapalua, HI

MLS® #402221

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

Seize The Opportunity To Build Your Dream Home In The Prestigious Mahana Estates, Kapalua's Newest Luxury Gated Community. Lot 39, Spanning 1.65 Acres, Offers A Spacious Canvas For You To Create Your Ultimate Maui Sanctuary. Situated In A Prime Location Wit...

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Located In A Private And Serene Portion Of The ...

Photo of Listing #402167

$4,498,000 Active Fee Simple

  • 3 Beds
  • 3½ Baths
  • 20.67 Acres
  • 2,904 ft²

Residential

1 Bay Dr, Unit 2202, Kapalua, HI

MLS® #402167

Listed By: West Maui Land Company Inc

Located In A Private And Serene Portion Of The Luxury Resort Known As The Montage Residences Kapalua Bay, Unit 2202 Awaits Your Arrival! Conveniently Located On The Ground Floor, This Grand Residence 3-bedroom, Den, 3.5 Bathroom Property Is Centrally Locate...

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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.  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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