Maui Oceanfront Homes: Market Overview November 2019

Posted by Courtney M. Brown on Saturday, November 30th, 2019 at 3:13pm.

MAUI OCEANFRONT HOMES
Market Update, November 2019

Lahaina Oceanfront Home for Sale

1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front street
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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.

Maui Oceanfront Homes: Market Snapshot by Area

Active Listings, Pending Sales and YTD Sales 

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.

Maui Oceanfront Home Sales: Key Metrics
2014 to Present

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.

View Current Home Listings: Oceanfront, Beachfront and Across the Street from the Ocean

365 Properties Found. Page 18 of 31

Welcome To Wailea Ekahi #3d, A Rare Studio Offe...

REDUCED 3% Photo of Listing #403004

$1,019,000 Active Fee Simple

  • 1 Baths
  • 13.2 Acres
  • 484 ft²

Residential

3300 Wailea Alanui Dr, Unit 3d, Wailea/makena, HI

MLS® #403004

Listed By: Hawaii Life (W)
Office Contact: Cell: 808-357-5000

Welcome To Wailea Ekahi #3d, A Rare Studio Offering Known As The “treehouse Retreat”. Nestled On The Second Level, This Charming Unit Boasts High Vaulted Ceilings And A Lanai Surrounded By Lush Greenery, Including Plumeria Flowers, Hibiscus, And Palm Trees ...

Welcome To Papakea K103, The Lowest-priced 2-be...

REDUCED 2% Photo of Listing #403114

$999,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 12.28 Acres
  • 879 ft²

Residential

3543 Lower Honoapiilani Rd, Unit K103, Napili/kahana/honokowai, HI

MLS® #403114

Listed By: BHGRE Advantage Realty Valley Isle

Welcome To Papakea K103, The Lowest-priced 2-bedroom, 2-bath Condo In The Resort At The Time Of Listing! This Ground Floor Unit Offers Stunning Ocean Views And Easy Access To The Pool And Ocean From The Lanai. Meticulously Maintained, It Has Been The Ultima...

Welcome To Kamaole Nalu, Located In The Heart O...

Photo of Listing #403938

$997,000 Active Leasehold

  • 2 Beds
  • 2 Baths
  • 0.78 Acres
  • 774 ft²

Residential

2450 S Kihei Rd, Unit 302, Kihei, HI

MLS® #403938

Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-250-6754

Welcome To Kamaole Nalu, Located In The Heart Of Kihei Right Between Kamaole Beach 1 And Kamaole Beach 2. This Is A 2 Bed And 2 Bath Oceanfront Hotel Zoned Vacation Rental Property. The Unit Is Fully Furnished And Ready For Occupancy, Featuring A New Sleepe...

Enjoy The Charm Of This Lovely Oceanfront Locko...

Photo of Listing #401451

$995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 1.75 Acres
  • 890 ft²

Residential

150 Hauoli St, Unit 105, Maalaea, HI

MLS® #401451

Listed By: Hawaii Life (W)
Office Contact: Cell: 808-436-2324

Enjoy The Charm Of This Lovely Oceanfront Lockout Condo, Boasting A Serene Garden View And A Delightful Peekaboo View Of The Ocean. Conveniently Situated On The First Floor, Accessibility Is A Breeze. Explore The Nearby Ma'alaea Ocean Center And Relish The ...

Direct Beachfront Condo! Dynamic Ocean Views Fr...

Photo of Listing #402134

$995,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 1.02 Acres
  • 547 ft²

Residential

1310 Uluniu Rd, Unit 117, Kihei, HI

MLS® #402134

Listed By: Maui Luxury Real Estate LLC

Direct Beachfront Condo! Dynamic Ocean Views From This Cute One Bedroom One Bath Condo W/jacuzzi Tub In The Heart Of Kihei. It’s Single Level And Has Its Own Washer/dryer. Enjoy A Sandy Beach At Your Footsteps, Swim In The Pool, Play Shuffle Board, Shop A...

Ocean And Outer Island Views From This Top Floo...

Photo of Listing #401846

$995,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 3.05 Acres
  • 1,040 ft²

Residential

4327 Lower Honoapiilani Rd, Unit 1203, Napili/kahana/honokowai, HI

MLS® #401846

Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-280-2255

Ocean And Outer Island Views From This Top Floor Remodeled 2 Bedroom, 2 Bath Villa. Like Waking Up On The Bow Of A Boat The Primary Bedroom Has Stunning Views And You Can Hear The Sounds Of Gently Rolling Waves Lapping Against The Shoreline. Spacious And ...

Take In Breathtaking Views That Stretch As Far ...

NEW Photo of Listing #404075

$995,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 1.72 Acres
  • 587 ft²

Residential

106 Kaanapali Shores Pl, Unit 804, Kaanapali, HI

MLS® #404075

Listed By: Epic Realty LLC

Take In Breathtaking Views That Stretch As Far As The Eye Can See! This Is Your Chance To Own A Newly Remodeled Hotel-zoned Property. Look No Further For A Condo That Offers Unobstructed Ocean And Sunset Views Year-round. The Maui Kai Resort Features A Club...

Location! Location! Location! Island Sands 200 ...

Photo of Listing #403291

$992,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 1.75 Acres
  • 936 ft²

Residential

150 Hauoli St, Unit 200, Maalaea, HI

MLS® #403291

Listed By: Island Sotheby's Int'l Rlty(W)
Office Contact: Cell: 808-344-4714

Location! Location! Location! Island Sands 200 Is More Than Just A Well Located Spacious And Breezy Corner Unit. Whether Cooking In The Kitchen, Sitting On The Massive Lanai, Resting On The Sofa Or Waking Up In Bed You Cannot Escape The Broad Beautiful Oce...

Welcome To Your Maui Retreat. Hololani Offers H...

Photo of Listing #403678

$989,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 1.43 Acres
  • 1,066 ft²

Residential

4401 Lower Honoapiilani Rd, Unit A101, Napili/kahana/honokowai, HI

MLS® #403678

Listed By: Compass
Office Contact: Cell: 808-269-1053

Welcome To Your Maui Retreat. Hololani Offers Hotel Zoning And An Intimate High-rise Resort Atmosphere With The Comfort Of Home. This Bright And Expansive Ground-floor Condo Features Two Bedroom Suites, Furnished In A Relaxed Beach Style That Enhances The T...

Hololani Is A Low Density Property With Only 64...

Photo of Listing #402773

$979,000 Active Fee Simple

  • 2 Beds
  • 2 Baths
  • 1.43 Acres
  • 947 ft²

Residential

4401 Lower Honoapiilani Rd, Unit A303, Napili/kahana/honokowai, HI

MLS® #402773

Listed By: Greg Smith Broker Inc

Hololani Is A Low Density Property With Only 64 Units Located In 2 Eight Story Buildings. The Hawaiian Word Hololani Translates To "gone To Heaven" Or "heaven". It Can Evoke Images Of Tranquility And Celestial Beauty, And Some Say It Embodies The Essence Of...

Fantastic "remodeled" Beachfront Condo Located ...

REDUCED 7% Photo of Listing #401327

$975,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 4.51 Acres
  • 613 ft²

Residential

145 N Kihei Rd, Unit 209, Kihei, HI

MLS® #401327

Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-446-5350

Fantastic "remodeled" Beachfront Condo Located At Sugar Beach Resort. Zoned Hotel/resort. Remodel Includes: Quartz Countertops And Back Splashes In Kitchen And Bathrooms. Complete Interior Paint, New Exterior Storage Door, New Lighting Fixtures, Blinds, Rem...

Zoned Hotel/resort......wonderful Opportunity T...

Photo of Listing #403974

$975,000 Active Fee Simple

  • 1 Beds
  • 1 Baths
  • 4.51 Acres
  • 613 ft²

Residential

145 N Kihei Rd, Unit 406, Kihei, HI

MLS® #403974

Listed By: Coldwell Banker Island Prop(S)
Office Contact: Cell: 808-446-5350

Zoned Hotel/resort......wonderful Opportunity To Own A Sunset Ocean View Beachfront Condo On The Sand At Sugar Beach Resort. #406 Features A Very Short Stroll Right On The Grass To The Beach. An Oceanview With Year Around Western Exposure Sunsets. Watch The...

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

 

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