Kapalua Resort Market Update: Second Quarter 2022

Posted by Courtney M. Brown on Monday, August 1st, 2022 at 10:56am.

KAPALUA MARKET UPDATE: Q2 2022

Kapalua Real Estate

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.

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%

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

Coconut Grove on Kapalua Bay

SOLD Q2 2022 2021 2020 2019 2018 2017
Number of Sales 0 6 0 0 0 4
Sales Volume 0 $29,000,000 0 0 0 $18,950,000
Low Sales Price NA $3,700,000 NA NA NA $4,500,000
High Sales Price NA $6,250,000 NA NA NA $5,000,000
Average Sales Price NA $4,833,333 NA NA NA $4,737,500
Average SP/Sq. Ft. NA $1,883 NA NA NA $1,866
Average DOM NA 154 NA NA NA 64
Average SP/LP NA 97% NA NA NA 95%

Kapalua Ironwoods*

SOLD Q2 2022 2021 2020 2019 2018 2017
Number of Sales 3 5 4 1 1 0
Sales Volume $10,500,000 $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 $4,900,000 $4,150,000 $4,200,000 $2,300,000 $3,000,000 NA
Average Sales Price $3,500,000 $3,404,000 $3,012,500 $2,300,000 $3,000,000 NA
Average DOM 115 320 124 671 204 NA
Average SP/LP 93% 92% 88% 93% 92% NA

*Note Ironwoods 102 was purchased by Pacaso and is being sold off in 1/4 interests.  Those listings and sales are not accounted for in these figures.

Kapalua Bay Villas

SOLD Q2 2022 2021 2020 2019 2018 2017
Number of Sales 7 30 7 14 7 11
Sales Volume $11,730,000 $41,089,500 $7,538,000 $15,032,500 $7,621,250 $11,758,800
Low Sales Price $1,300,00 $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 $1,675,714 $1,369,650 $1,076,857 $1,073,750 $1,088,750 $1,068,982
Average SP/Sq. Ft. $1,434 $1,104 $876 $287 $872 $882
Average DOM 65 232 149 287 258 287
Average SP/LP 100% 97% 92% 93% 95% 93%

Kapalua Golf Villas

SOLD Q2 2022 2021 2020 2019 2018 2017
Sales 11 44 9 9 13 21
Volume $13,467,500 $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 $1,800,000 $1,400,000  $1,200,000  $1,010,000  $1,200,000  $960,000 
Average SP $1,224,318 $956,176  $826,833  $802,572  $818,877  $757,148 
Average SP/Sq. Ft $1,173 $856  $749  $677  $678  $694 
Average DOM 80 122 124 165 155 351
Average SP/LP 103% 99% 94% 97% 98% 96%

Kapalua Ridge Villas

SOLD Q2 2022 2021 2020 2019 2018 2017
Sales 5 28 8 6 6 2
Volume $6,675,000 $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 $1,375,000 $1,700,000 $1,487,500 $1,487,500 $1,487,500 $1,450,000
Average SP $1,335,000 $1,117,929 $1,097,063 $817,333 $1,097,063 $1,200,000
Average SP/Sq. Ft $1,187 $813 $701 $653 $701 $762
Average DOM 73 165 222 253 230 164
SP/LP 100% 97% 96% 96% 97% 97%

Montage Residences Kapalua Bay

SOLD Q2 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 

SOLD Q2 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%

Kapalua's Residential Communities

PINEAPPLE HILL & PINEAPPLE HILL ESTATES

Pineapple Hill & Pineapple Hill Estates Homes

SOLD Q2 2022 2021 2020 2019 2018 2017
Number of Sales 3 15 10  15 4 6
Volume $11,425,000 $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 $4,825,000 $4,850,000 $3,750,000 $3,200,000 $2,680,000 $3,550,000
Average SP $3,808,333 $3,067,500 $2,718,700 $2,388,935 $2,387,500 $2,524,167
Average SP/Sq. ft. $955 $768 $696  $692 $588 $680
Average DOM 106 160 137  262 325 219
Average SP/LP 93% 95% 95% 94% 92% 93%

Pineapple Hill & Pineapple Hill Estates Land

SOLD Q2 2022 2021 2020 2019 2018 2017
Number of Sales 4 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 $1,128,000 $1,250,000 $950,000 NA NA NA
Average SP/Sq. ft. $101 $62 $87 NA NA NA
Average DOM 305 143 314 NA NA NA
Average SP/LP 100% 100% 90% NA NA NA

PLANTATION ESTATES AT KAPALUA

Plantation Estates Homes

SOLD Q2 2022 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. $996 $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

SOLD Q2 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 Q2 2022 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

SOLD Q2 2022 2021 2020 2019 2018 2017
Number of Sales 5 9 1 0 0 4
Volume $10,250,500 $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 $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

SOLD Q2 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

SOLD Q2 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 Q2 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,

55 Properties Found. Page 10 of 10

Located In The Kapalua Resort, Mahana Estates I...

Photo of Listing #398423

$8,600,000 Pending Fee Simple

  • 5 Beds
  • 5 Baths
  • 1.99 Acres
  • 5,113 ft²

Residential

725 Laulama Pl, Unit 44, Kapalua, HI

MLS® #398423

Listed By: Welcome Hawaii Properties
Office Contact: Cell: 808-280-2480

Located In The Kapalua Resort, Mahana Estates Is A Gated Community Sitting Between The Ritz Carlton And The World-famous Pga Plantation Golf Course. Sitting On Nearly 2 Acres (1.99) Of Prime Ocean-view Land, 725 Laulama Place Will Be A Luxury Home With The...

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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