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
1032 S Kihei Rd, Unit B420, Kihei, HI
MLS® #405471
Listed By: Kumulani Vacations&Realty
Experience The Ultimate Ocean View And Luxury Living In This Stunning Beachfront Property With High-end Finishes. Welcome To Maui Sunset B420, An Exceptional 2-bedroom, 2-bathroom Oceanfront Condo That Offers The Perfect Blend Of Comfort, Style, And Breatht...
Residential
5255 Lower Honoapiilani Rd, Unit 119, Napili/kahana/honokowai, HI
MLS® #405496
Listed By: Hawaii Life (L)
Office Contact: Cell: 808-357-2998
Unit 119 At Honokeana Cove Offers An Exceptional Opportunity To Own A True Oceanfront 1-bedroom, 1-bathroom Condominium In One Of West Maui’s Most Iconic Locations. Situated In The Only Direct Oceanfront Building On The Property, This Ground-floor Unit Feat...
Residential
3300 Wailea Alanui Dr, Unit 47a, Wailea/makena, HI
MLS® #405098
Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-276-5330
Welcome To This Charming 1-bedroom, 2-bath Condo In The Coveted Wailea Ekahi Oceanfront Complex. This Ground-floor Unit Offers Seamless Indoor-outdoor Living With No Stairs And A Private Covered Lanai Which Connects To A Lush Greenbelt That Has Wonderful V...
Residential
355 Wailua Rd, Hana, HI
MLS® #404531
Listed By: Romvari Realty Ltd
Experience The Magic Of Private Oceanfront Living With This Exceptional 3-bedroom, 2-bathroom Hawaiian Plantation-style Home—maui's Most Affordable Oceanfront Property! Situated On A 3/4 Acre Point, This Unique Retreat Offers Unparalleled Privacy And Breath...
Residential
1 Ritz Carlton Dr, Unit 1502, Kapalua, HI
MLS® #405102
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-2677
If You Crave Hawaiian Island Luxury Living That Includes World-class Hospitality Experience That Is Second To None, Your Time Is Now. The Ritz Carlton Hotel Suites 1502 Is 1 Bedroom, 1 Bathroom Spaciously Spread Across 872 Sq. Ft. Of Single-level Living Sit...
Residential
760 S Kihei Rd, Unit 404, Kihei, HI
MLS® #405526
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-5460
Hotel Zoned, One-of-a-kind Stunning Remodel At Menehune Shores. Ocean, Maalae'a And West Maui Mountain Views Abound As You Step Through The Front Door. So Many Luxury Touches Throughout Make This Condo Live Like A Home. The Chef Inspired Kitchen Has Been Co...
Residential
2481 Kaanapali Pkwy, Unit 720, Kaanapali, HI
MLS® #405599
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-870-2525
Whaler 720- Available To See On April 24 And April 25. Welcome To Whaler At Kaanapali Beach! This Stunning Seventh-floor Unit Offers Breathtaking Ocean Views That Stretch Out Towards The Enchanting Island Of Molokai, Promising A Unique And Captivating Scene...
Residential
3765 Lower Honoapiilani Rd, Unit 307, Napili/kahana/honokowai, HI
MLS® #402370
Listed By: Kapalua Properties Ltd
Location,location,location.wow. Here Is Your Chance For Year Round Sunsets And Crystal Blue Waters From The Shore To Lanai And Molokai In A Direct Oceanfront Residence. 3 Bedrooms, 2.5 Bathrooms With Central A/c Ready To Live In Or See It As A Clean Pallet ...
Residential
3833 Lower Honoapiilani Rd, Unit A205, Napili/kahana/honokowai, HI
MLS® #405480
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-344-4167
Welcome To Lokelani A205. This Extremely Rare Direct Oceanfront 2 Bedroom/2 Baths Unit Is Located In One Of The Most Sought-after Condo Complex In West Maui. The Spacious Two-story Unit Boasts 2 Direct Oceanfront Lanais Where You Will Be Able To Enjoy Yea...
Residential
130 Kai Malina Pkwy, Unit Nr510, Kaanapali, HI
MLS® #404618
Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234
Take Advantage Of The Rare Opportunity To Own One Of The Larger One-bedroom Homes At Honua Kai. This Home Offers Every View Imaginable, From A Garden View To A Majestic Mountain View To Even A Partial Ocean View! Konea 510 Has It All! Meticulously Cared ...
Residential
130 Kai Malina Pkwy, Unit Sr 840, Kaanapali, HI
MLS® #404459
Listed By: Kaanapali Luxury Vacation Rentals
Top-floor One-bedroom, One-bath Condo At Honua Kai Resort – Luxury Living In Kaanapali's Hotel Zone. Embrace Island Living At Its Finest In This Stunning Top-floor One-bedroom, One-bath Condo At The Luxurious Honua Kai Resort, Nestled In The North Part Of K...
Residential
4909 Lower Honoapiilani Rd, Unit A8, Napili/kahana/honokowai, HI
MLS® #404094
Listed By: Lilikoi Realty
This Is An Active Vacation Rental. This Complex Is Not On The Minatoya List. Stunning Views Await You! This Condo At Kahana Sunset Resort Is Nestled In Its Tropical Paradise On The Beach. It's Close To Napili Market Place, Located Between Kahana And Kapal...
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