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
523 Kaikoo Pl, Wailuku, HI
MLS® #403986
Listed By: Big Wave Realty LLC
New Oceanfront Home Under Construction. Located In A Quaint Downtown Seaside Community, This Property Is Minutes From Shopping, Hospitals, And The Airport. 3 Bedrooms, 2 Baths With An Open Floor Plan And A Huge Covered Lanai That Faces Phenomenal 180-degree...
Residential
50 Nohea Kai Dr, Unit 1-703, Kaanapali, HI
MLS® #403471
Listed By: Kaanapali Resort Realty LLC
Highly Upgraded Unit. Most Popular Floor Plan In The Project. Only 44 Out Of 264 Units That Are Two Bedrooms Two Baths Plus A Den Used As A 3rd Bedroom Makes This Plan Type The Most Popular Rental. Unit In Rental Program, But Can Be Viewed In Between Guests.
Residential
500 Bay Dr, Unit 22 G 123, Kapalua, HI
MLS® #403909
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-276-6061
Arguably, The Best Located Unit At The Kapalua Bay Villas, This Ground Floor Luxury Condominium, In Building 22, Is Located The Closest Proximity To The Ocean, And Been Updated Beautifully. Attention To Detail In All Of The Finishes, Makes This Dream Home ...
Residential
226 Pualei Dr, Unit 226-6, Lahaina, HI
MLS® #402436
Listed By: Mark A Marchello Inc
Experience The Splendor Of Puamana's Oceanfront Living With This Spectacular Townhome, Offering Breathtaking Sunsets, Whale Sightings, And Surf Views. This Exquisite 2-bedroom, 2.5-bathroom Corner Unit With A Large Storage Loft Has Been Meticulously Renovat...
Residential
2430 S Kihei Rd, Unit 618, Kihei, HI
MLS® #403176
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-208-1385
Hotel Zoned! Unparalleled And Rare Opportunity To Own A 3 Bedroom, 2 Bath Luxurious Condo, Perfectly Positioned Directly On The Pacific Ocean With Gorgeous Kamaole Beaches On Either Side! Offered For Sale For Only The Second Time In Decades And Completely R...
Residential
3911 Maalaea Bay Pl, Wailuku, HI
MLS® #403049
Listed By: eXp Realty
Office Contact: Cell: 808-866-0600
Indulge In The Ultimate Island Escape Where Luxury Meets Tranquility In A Breathtaking Tropical Setting. Nestled Along The Shore, Spanning 200 Ft Of Oceanfront, This Meticulously Appointed Oasis Offers A Sanctuary Of Serenity And Style. Imagine Relaxing On ...
Residential
20 Hui Rd I, Unit 28, Napili/kahana/honokowai, HI
MLS® #399487
Listed By: Coldwell Banker Island Prop-KP
Office Contact: Cell: 808-250-1583
Alaeloa 28 Is An Oceanfront Maui Paradise! It Is The Most Highly Upgraded Oceanfront Duplex In Alaeloa Which Captures Modern Luxury Surrounded By The Essence Of ‘old Hawaii’ Seamlessly Blending Sophisticated Architecture Enhanced By Panoramic Oceanfront Vie...
Residential
Ulaino Rd, Hana, HI
MLS® #402705
Listed By: Maui Luxury Real Estate LLC
Absolutely Stunning, Almost 9 Acre Property, With Breathtaking Views Of The Majestic Coastline. The Property Is Elevated More Than 20 Feet With Cliffside Seating Featuring A Natural Land Bridge From Section Of The Property To The Other. The Land Has A Small...
Residential
50 Nohea Kai Dr, Unit Ii303, Kaanapali, HI
MLS® #403768
Listed By: Gregory Harbottle Inc
Experience Classic Hawaiiana Style And Elegance In This Stunning Ka'anapali Ali'i Residence. From Handcrafted Woodwork To The Carefully Curated Decor, No Expense Was Spared On The Opulent Upgrades In This Luxurious Beachside Home. Overlooking Ocean Views An...
Residential
130 Kai Malina Pkwy, Unit Sr 741, Kaanapali, HI
MLS® #403919
Listed By: Keller Williams Realty Maui-L
Office Contact: Cell: 808-280-8986
Prime Location With Exceptional Ocean Views! This Well Appointed 2 Bedroom, 2 Bathroom Condo Is Located At Honua Kai In The Hoku Lani Tower. Situated On The Inner Courtyard, The View Includes The Kalohi Channel And Northern Points Of Lana'i. Spend Your Days...
Residential
50 Nohea Kai Dr, Unit 2-501, Kaanapali, HI
MLS® #401966
Listed By: Coldwell Banker Island Prop-Ku
Office Contact: Cell: 808-276-6443
Welcome To Kaanapali Alii Unit 2-501, Truly A Rare Offering! This Unit Has Been In The Same Family Since The Kaanapali Alii Opened In 1982, And Has Not Been In A Rental Program Since It's Complete High End Renovation In 2010. 2-501 Is A Stunning One-bedroom...
Residential
130 Kai Malina Pkwy, Unit Sr409, Kaanapali, HI
MLS® #403104
Listed By: Susan Jackson Real Estate
Office Contact: Cell: 865-206-1234
A Very Rare Opportunity To Own One Of The Most Desirable Homes At Honua Kai Is Now Available To You. Hokulani 409 Offers The Highly Coveted L-shaped Double Lanai, Allowing You The Choice Between Sun And Shade All At The Same Time. The “09” Stack Is The Clo...
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