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
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.
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.
Rarely Available Upper-level, Directly West Facing Unit In The Mahinahina Beach Oceanfront Complex! Recent Updates Include Flooring, Bathroom Updates, Kitchen Updates, And Lighting Improvements, And More. Vacation Rentals Are Prohibited Which Keeps The Comp...
Listed By: Coldwell Banker Island Prop(Ka) Office Contact: Cell: 808-281-4240
Prepare To Be Mesmerized By The Unobstructed Ocean Views From The Expansive Windows This Exceptional Unit Offers, It Will Leave You Breathless! Perfectly Situated In A Prime Central Location, You’ll Enjoy Convenient Access To The South, West, And North Shor...
Listed By: Hawaii Life (W) Office Contact: Cell: 808-264-4123
Don't Miss Out On This Ground Floor Oceanfront 2bd/1bth Vacation Rentable Unit At Leinaala! Unit 105 Features Both A Beautiful Ocean View, As Well As A Personal Lanai With Access To The Large Grassy Lawn Leading To The Ocean In Front Of The Complex. This Be...
4365 Lower Honoapiilani Rd, Unit 315, Napili/kahana/honokowai, HI
MLS® #402625
Listed By: Epic Realty LLC
Re-discover Royal Kahana! This Oceanfront Hotel Zoned, Vacation-rentable Property Is Perfectly Located Between Kapalua And Kaanapali. Unit 315 Features Upgraded Vinyl Plank Floors, Popcorn-free Ceilings, New Tv In The Primary Room And New Kitchen Stools. ...
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-281-7313
Experience The Beauty Of Maui From This Private 9th-floor Studio Condo, Mahana 913, Offering Breathtaking Oceanfront Views. Facing West, It Boasts Stunning Sunsets, Whales Breaching Seasonally, And Picturesque Views Of Lanai And The Majestic Island Of Molok...
Upgraded In November 2024 With Vinyl Flooring , A Split-trio Mitsubishi Ac System, And Fresh Paint Throughout. Escape To Your Own Personal Oasis In West Maui With This Charming Two Bedroom, Two Bath Oceanfront Retreat. Wake Up To Breathtaking Ocean Views An...
110 Kaanapali Shores Pl Pl, Unit 513, Kaanapali, HI
MLS® #401908
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-283-2420
The Mahana Resort Is Generally Considered As One Of The Premium Vacation Rental Complexes In Upper West Maui, And When You View The Complex And The Unit, Hopefully You Will Understand Why. The Mahana Consists Of Two 12 Floor Buildings With Slightly Over 200...
4095 Lower Honoapiilani Rd, Unit 219c, Napili/kahana/honokowai, HI
MLS® #403223
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-344-2677
Noelani 219c - Wait No More! Noelani 219c Is Your Tropical Oceanfront Studio Oasis! This 2nd Floor, Direct Ocean Front Studio Consists Of 420 Living Sq. Ft. And 54 Sq. Ft. Lanai. This Corner Unit Offers Privacy As Well As Expansive Panoramic Ocean Views! F...
5315 Lower Honoapiilani Rd, Unit E-141, Napili/kahana/honokowai, HI
MLS® #402845
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-283-2420
Please Note That Napili Shores Is Zoned As H-1 (aka Nbcid... Napili Bay Civic Improvement District) The Napili Shores Complex Is Comprised Of 162 Units On Over Six Acres Of Land, Directly Abutting The Pacific Ocean. Its Lush Grounds And In-ground Pool, Cou...
3601 Lower Honoapiilani Rd, Unit 210, Napili/kahana/honokowai, HI
MLS® #402168
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-359-4245
Find Your Sweet Tropical Escape Right On The Ocean. Smell The Clean Salt Air And Feel The Gentle Breeze While Sipping Your Maui Coffee And Meditating To The Sounds Of The Surf. With Tile Flooring Throughout And White Wood Panel Detailing, This Oceanfront 1...
5315 Lower Honoapiilani Rd, Unit E135, Napili/kahana/honokowai, HI
MLS® #402344
Listed By: Living Maui Real Estate LLC Office Contact: Cell: 808-359-1161
Positioned On The Western Shores Of Maui, Napili Shores Is The Ultimate Haven For Travelers Seeking A Hawaiian Getaway Without The Experience Of Staying In A Tall Building Or Tower. Set Against The Mesmerizing Backdrop Of Napili Bay And Tranquil Island Land...
3543 Lower Honoapiilani Rd, Unit G101, Napili/kahana/honokowai, HI
MLS® #403065
Listed By: Epic Realty LLC
Highly Motivated Owner Says, "i Will Consider All Offers" And Needs His Unit Sold Now! Unit G101 Is Steps Away From All Of Your Favorite Activities. With 2 Pools, 2 Jacuzzies, 2 Tennis Courts, 2 Pickle-ball Courts, 2 Shuffle Board Courts, 2 12-hole Puttin...
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
