Posted by Courtney M. Brown on Saturday, November 30th, 2019 at 3:13pm.
1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front street
View More Information
Update 1/27/2020: Since this post was written, the classification of 6 sales in Makena was changed from Beachfront to Across the Street from the Ocean. These sales totaled $60,162,136. As they were developer sales the escrow could only close once construction was complete, so they had a very high Days on Market Count, averaging 1202 days on market.
As such, the statistics and summary below have changed. Please see the post written 1/27/2020 for updated statistics.
Maui has several areas with oceanfront homes: West Maui, South Maui, North Shore, East Maui and Central Maui. As you will see below, the home prices tend to be highest in the resort areas of West and South Maui.
There are broad fluctuations in price depending on whether the property is beachfront or oceanfront; whether it is on a rocky shoreline or cliffside without water access; and the age, condition and size of the home.
Over the past five years, oceanfront home sales have consistently seen a volume of around 20/year, with a low of 13 sales in 2015, and a high of 25 sales in 2017. Looking at this year (YTD vs. 2018), the average sales price remains fairly consistent, yet the average Sales Price ($) per square foot has increased to $1902/sq. ft. It is interesting to note, that oceanfront homes are selling at a lower percentage of the asking price than the prior year as well as with a longer average days on market.
| Oceanfront Homes | All Maui | West Maui | South Maui | North Shore | East Maui | Central Maui |
| Active Listings | 50 | 17 | 14 | 12 | 7 | 0 |
| Low List Price | $750,000 | $2,200,000 | $3,500,000 | $999,000 | $750,000 | |
| Average List Price | $7,962,899 | $11,359,705 | $9,963,785 | $4,006,416 | $2,494,285 | |
| High List Price | $37,500,000 | $37,500,000 | $29,750,000 | $12,000,000 | $6,500,000 | |
| Average LP/Sq. Ft. | $2183 | $2869 | $2497 | $1261 | NA | NA |
| Pending Sales | 4 | 0 | 2 | 2 | 0 | 0 |
| Average List Price | $3,699,500 | NA | $3,724,000 | $3,675,000 | NA | NA |
| Supply of Inventory* | 27.5 months | 37.4 months | 17.1 months | 44 months | 91 months | NA |
| 2019 YTD Sales | 20 | 5 | 2 | 3 | NA | 3 |
| Low Sales Price | $321,300 | $600,000 | $3,450,000 | $3,400,000 | $321,300 | |
| Average Sales Price | $6,318,559 | $4,184,999 | $9,801,348 | $5,341,666 | $403,016 | |
| High Sales Price | $13,950,000 | $9,000,000 | $13,950,000 | $8,600,000 | $565,000 | |
| Sales Volume 2019 YTD | $126,371,185 | $20,924,999 | $17,400,000 | $16,250,000 | 0 | $1,209,050 |
| Average SP/Sq. Ft. | $1902 | $1382 | $2813 | $1705 | $234 |
*based on past 11 months of sales, with the exception of East Maui, which required going back to 2018. With only one sale in 2018, the sale was then multiplied by a factor of 13
There is often a misperception that we see more sales in the Wailea/Makena Market. What is important to note is that there are far fewer oceanfront homes in resort areas in West Maui than in Wailea/Makena. For example, there are only 6 oceanfront homesites in Kaanapali's only oceanfront residential neighborhood, Kai Ala Place. Similarly, there are just five oceanfront homesites in Kapalua Place, Kapalua's only oceanfront residential neighborhood. Wailea/Makena are larger-scale resorts, with more oceanfront residential communities such as Keawekapu Beach, Maluhia, Makena Place, the Makena Beach Cottages, and Black Sands, as well as homes scattered along the Makena Coastline that aren't part of a formal subdivision. Kihei's Halama Street is also a popular area with beachfront homes stretching along the shoreline.
| Year | Sales | Volume | Avg SP | Avg SP$/sq. ft. | Avg DOM | SP/LP |
| 2014 | 21 | $90,443,000 | $4,306,810 | $1504 | 287 | 91% |
| 2015 | 13 | -62% | $55,075,000 |-64% | $4,235,538 | -2% | $1793 | 16% | 214 | -34% | 93% |
| 2016 | 22 | 41% | $139,062,000 | 60% | $6,321,000 | 33% | $2878 | 38% | 219 | 2% | 84% |
| 2017 | 25 | 12% | $146,765,387 | 5% | $5,870,615 | -8% | $1533 | -88% | 274 | 20% | 92% |
| 2018 | 23 | -9% | $148,197,545 | 1% | $6,443,372 | 9% | $1759 | 13% | 222 | -23% | 91% |
| 2019 YTD | 20 | -15% | $126,371,185 | -17% | $6,318,550 | -2% | $1902 | 8% | 554 | 50% | 88% |
The highest-priced listing on the island is located in the Kapalua Resort: 9 Bay Drive is an 8B/8.5 acre estate situated on 9.97 acres. It is currently offered at $37,500,000, reduced from $49,000,000. This compares with a high sales price of $27,000,000 for an oceanfront estate in 2011 in Makena. 7150 Makena Road is a 4B/5.5B home on 1.69 acres. To date, the largest sale on Maui for a private residence that was actually across the street from the ocean, in Keauhou, Makena $41,750,000 in 2015 (not in MLS) .
It should be noted--with such a small sampling, the statistics can vary widely at any given time, and the above are MLS statistics. Additional properties have changed hands privately and are not entered in MLS. For more information on all areas of Maui read: Maui Real Estate Statistics.
Residential
3200 S Kihei Rd, Kihei, HI
MLS® #405090
Listed By: Hawaii Life (PR)
Office Contact: Cell: 808-346-7413
Luxury Property Auction: Bid April 10-22. Listed For $65m. Casa En Maui Stands Among The Most Extraordinary Residences In Hawaii, Set Along Maui’s Most Coveted Stretch Of Sand—keawakapu Beach. Conceived By Legendary Architect Ricardo Legorreta, This Bold...
Residential
3060 S Kihei Rd, Kihei, HI
MLS® #404835
Listed By: Island Sotheby's Int'l Rlty(W)
Office Contact: Cell: 808-283-7965
An Exclusive Opportunity Awaits To Own A Legacy Property Nestled Upon The Pristine Sands Of Keawakapu Beach. Spread On Over 5,000 Square Feet Of Interior Living Space, This Trophy Estate Offers Unrivaled Panoramic Views Of Year-round Sunsets, Gentle Waves, ...
Residential
3254 S Kihei Rd, Kihei, HI
MLS® #405195
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-870-9916
Experience The Pinnacle Of Oceanfront Luxury In This Stunning, 5 Bedroom, 5 Bath, Plus 2 Half Bath, 7,244 Sq. Ft. Estate. This Over A Half-acre Property Is Located Within The Ideal Stretch Of Keawakapu Beach, Offering Unparalleled Access To Maui’s Most Cove...
Residential
4950 Makena Rd, Unit 8, Wailea/makena, HI
MLS® #404266
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-870-8668
Nestled Into A Gated Residential Condominium Community On Maui’s Sun-drenched South Shore, This 4-bedroom, 4.5-bath Home Provides Over 4,300 Sq.ft Of Interior Space, Beautifully Renovated In 2024. This Home Offers Stunning Sunset Views Year-round. The Updat...
Residential
3002 S Kihei Rd, Kihei, HI
MLS® #401631
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-2222
Hawaiiana Meets Contemporary Design With This Exceptional Estate On The Pristine Shores Of Keawakapu Beach In Maui. Beyond The Gated Entrance Lies A World Of Relaxation And Rejuvenation, Where Quality Adjoins An Unrivaled Location. Upon Entering The Propert...
Residential
121 Kapihaa Pl, Lanai, HI
MLS® #404095
Listed By: Deep Blue HI
Meticulously Selected By The Islands' Owner At The Time For His Personal Home, The Lanai Estate Was Built To Sit Atop The Most Premier Viewpoint And Amongst The Epitome Of Hawaii's Natural Tropical Beauty. This Exclusive Estate Offers Luxury Living, Modern ...
Residential
4077 Lower Honoapiilani Rd, Napili/kahana/honokowai, HI
MLS® #403551
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
Relax And Rejuvenate At The Edge Of The Pacific Ocean On West Maui. This Gracious Resort-style Residence Embodies The Maui Lifestyle: Indoor-outdoor Living, Beautiful Ocean And Sunset Views, Water Sports Just Outside Your Door And Whale Watching In Season. ...
Residential
4000 Wailea Alanui Dr, Unit 1202/1204, Wailea/makena, HI
MLS® #404089
Listed By: Maui Real Estate Advisors LLC
Office Contact: 808-875-4444
A 'work Of Art’. A 'legacy Property'. An ‘equity Location’. A Luxurious Marriage Of Two Wailea Point Oceanfront Units At Maui's Finest Condominium Project! When A Lifelong Collector With Her Heart In The Arts Collaborates With A World-class Interior Designe...
Residential
59 Hale Malia Pl, Napili/kahana/honokowai, HI
MLS® #404337
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-7736
3 Bedrooms, 2 Bonus Rooms In The Main Home And A 2 Bedroom Guest Cottage. Step Into Coastal Living At Its Pinnacle! This Rich Young Architectural Masterpiece Offers Uninterrupted Panoramic Views Of The Glistening Pacific Ocean, Vibrant Sunsets, And The Maje...
Residential
4406 Makena Rd, Unit B, Wailea/makena, HI
MLS® #403071
Listed By: Island Sotheby's Int'l Rlty(W)
Office Contact: Cell: 808-283-7965
Ocean Bliss Maui Is A Direct Oceanfront Property Boasting Unobstructed Views Of The Pacific And Located At The Southern End Of The Wailea Resort Oceanfront Pathway. Grandfathered In For Its Proximity To The Shoreline And Protected By A Quarter-mile Reef, T...
Residential
4850 Makena Alanui Rd, Unit A-103, Wailea/makena, HI
MLS® #405065
Listed By: Island Sotheby's Int'l Rlty(W)
Office Contact: Cell: 808-283-7965
Introducing One Of The Most Rare Offerings In The Hawaii Luxury Real Estate Market: Makena Surf A-103. Built As The Largest Makena Surf Unit At A Substantial 3,415 Square Feet Of Interior Living Space Seamlessly Expanded With Over 900 Square Feet Of Covered...
Residential
3800 Wailea Alanui Dr, Unit B-101, Wailea/makena, HI
MLS® #404305
Listed By: Compass
Office Contact: Cell: 808-280-0788
Front Row Beachfront Villa Sophisticated Remodel Completed January 2025!! New, Elegant, Fresh & Contemporary! Professional Video Available. Once In A Generation Opportunity To Own The Finest Fully Furnished Turn-key Beachfront Villa With The Convenience Of ...
Corrected and Revised 1/27/2020
This information is provided by the Realtor's Association of Maui. It is believed accurate, but subject to change. Readers are advised to do their own due diligence.
vision figures for both condos and home sites. Some condo and some homesites have been combined to be one property. This is not reflected in the number above.
Above information on total properties is provided by Fidelity National Title and is believed to be accurate but is subject to change.
Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty