Market Spotlight: Honua Kai May, 2022
The Honua Kai is Kaanapali's newest condominium development and one of the most desirable vacation destinations in West Maui. Built in three phases along Kekaa Beach on the North Side of Black Rock, the Honua Kai is comprised of three separate sections: Hokulani (2008), Konea (2009) and Luana Gardens (2018).
The Hokulani and Konea towers feature 627 studio, one, two and three-bedroom condominium residences. The 10 story buildings have central air conditioning, elevators and underground parking. The new addition of Luana Gardens weaves in a more contemporary residential component, with 72 three-bedroom residences. These low rise, two-story buildings feature private garages in three clusters, each around one of three pools.
Guests at Honua Kai have access to adult and family pools, hot tubs, BBQ Grills, Bar and Lounge, fitness center, the Aina Gourmet Market, elevators, valet and self-parking, concierge, porter/bellhop, Ho'ola Spa and Duke's Restaurant (this is a great place to whale watch as you take in the sunset).
Honua Kai: The State of the Current Market
| ACTIVE LISTINGS |
7 |
| Volume |
$19,293,000 |
| Low LP |
$1,650,000 |
| High LP |
$5,725,000 |
| Average LP |
$2,756,142 |
| Average LP/Sq. Ft. |
$2,432 |
| Average DOM |
48 |
| |
|
| PENDING SALES |
8 |
| Volume |
$20,355,000 |
| Low LP |
$1,495,000 |
| High LP |
$5,000,000 |
| Average LP |
$2,544,375 |
| Average LP/Sq. Ft. |
$2,426 |
| Average DOM |
88 |
As of the date of this post, the Honua Kai has seen 21 sales at a volume of $58,293,875 and an average sales price of $2,775,889 and $2,035/sq. ft. This is close to half of the sales volume ($) of last year in about 1/3 of the number sales at a significantly higher sales price per square foot.
Honua Kai Sales: A Historical Perspective
| Honua Kai |
Q1 2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
| Sales |
15 |
63 |
72 |
57 |
40 |
26 |
| Volume |
$43,999,875 |
$121,182,648 |
$137,972,250 |
$91,809,500 |
$64,235,287 |
$48,909,944 |
| Low SP |
$1,675,000 |
$807,500 |
$735,000 |
$774,000 |
$695,000 |
$675,000 |
| High SP |
$5,899,000 |
$5,400,000 |
$3,199,000 |
$3,300,000 |
$5,725,000 |
$3,775,000 |
| Average SP |
$2,933,325 |
$1,923,534 |
$1,916,281 |
$1,610,693 |
$1,605,882 |
$1,438,528 |
| Average SP/Sq. Ft |
$2,025 |
$1,498 |
$1,139 |
$1,190 |
$1,357 |
$1,286 |
| Average DOM |
84 |
137 |
404 |
318 |
117 |
126 |
| AVG SP/LP |
98% |
98% |
98% |
98% |
98% |
97% |
For more information on the Honua Kai condos for sale, contact Courtney M Brown, R(S) with Island Sotheby's International Realty
$2,690,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
34.82
Acres
-
1,215
ft²
Residential
130 Kai Malina Pkwy, Unit Nr 1020, Kaanapali, HI
MLS® #401393
Listed By: Welcome Hawaii Properties
Office Contact: Cell: 808-280-2480
Honua Kai Is A Gated Luxury Resort Residential Complex Located Directly On World-famous Ka'anapali Beach. Residence 1020 Is A Renovated 1,215 Sq. Ft., 2-bedroom, 2-bathroom Top-floor Unit In The Newer Konea Tower. The Unit Features Ocean And Mountain Views ...
REDUCED 3% 
$1,445,000 Active Fee Simple
-
1
Beds
-
1
Baths
-
34.82
Acres
-
690
ft²
Residential
130 Kai Malina Pkwy, Unit Nr414, Kaanapali, HI
MLS® #400650
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-283-5166
Tis The Season To Be Shopping And Investing In West Maui's Top Vacation Rental Condo Complex, The Honua Kai Resort And Spa. The Best One Bedroom Opportunity Available In The Resort Is Clearly Konea #414 Priced Accurately To Sell This Holiday Season. This Pa...
REDUCED 6%
$3,000,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
39.84
Acres
-
1,100
ft²
Residential
130 Kai Malina Pkwy, Unit Sr605, Kaanapali, HI
MLS® #400179
Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234
Simply The Best View! Hokulani 605, A Spacious 1,100 Sq. Ft. Two-bedroom Home Is Located In The Very Sought-after Inner-courtyard At Honua Kai Resort And Spa. And Even Better, It’s On The Top Floor. Positioned Only Two Homes From Oceanfront, It Captures A...
$4,595,000 Active Fee Simple
-
3
Beds
-
3
Baths
-
39.84
Acres
-
1,940
ft²
Residential
130 Kai Malina Pkwy, Unit Sr203, Kaanapali, HI
MLS® #400129
Listed By: KBM Hawaii
A Unique And Family-friendly Dwelling Perched Right Above The Primary Pool Offers A Perfect Spot To Savor Your Morning Coffee Or A Refreshing Fruity Cocktail, Depending On The Time Of Day, As Your Children Or Grandchildren Revel In The Pool Below. This Unit...
$2,795,000 Active Fee Simple
-
2
Beds
-
2
Baths
-
39.84
Acres
-
1,100
ft²
Residential
130 Kai Malina Pkwy, Unit Sr247, Kaanapali, HI
MLS® #400124
Listed By: KBM Hawaii
Hokulani 247 Is A Large 1100 Square Foot 2 Bedroom / 2 Bath Ocean And Resort View Unit. Located In The Main Hokulani Tower's Inner Courtyard With A Large Private Lanai Just Over The Open Green Space. World Famous A'ina Gourmet Store Along With Full Access T...
