Posted by Courtney M. Brown on Monday, January 27th, 2020 at 12:57pm.
View Goals! 1437 Front Street is an oceanfront home for sale in the heart of Lahaina, on historic front street
View More Information
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 and activity tend to be highest in the resort areas of West and South Maui, and along the North Shore.
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. Comparing 2019 with 2018, it's noteworthy that the number of sales is down 30% and the sales volume down 57%.
Please note the 2019 statistics no longer include 6 sales in the Makena Resort by Discovery Land Co. that were reclassified in our MLS from Beachfront to Across the Street from the Ocean on 12/13/2019. This removed $60,162,136 million from the oceanfront home sales statistics that were previously posted in the blog post on 11/30/2019. That inventory had increased the average Days on Markets stat as escrow could only close when construction was complete. In addition, the average Sales Price and SP/Sq. Ft. dropped.
It is also worth noting 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. This can mean great opportunities for buyers of oceanfront properties as the inventory has built considerably, with approximately 3 years worth of inventory.
We are already starting to see more pending escrows with 8 homes pending now vs. 4 in 11/2019. It is interesting to note that all but one of the pending sales is under $5,000,000, with a high sale pending at $10,880,000.
| Year | Sales | Volume | Avg SP | Avg SP$/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 | 16 | -30% | $64,454,049 | -57% | $4,028,378 | -37% | $1288 | -27% | 285 | 28% | 88% |
| Oceanfront Homes | All Maui | West Maui | South Maui | North Shore | East Maui | Central Maui |
| Active Listings | 48 | 15 | 14 | 12 | 6 | 1 |
| Low List Price | $750,000 | $2,200,000 | $3,298,000 | $999,000 | $750,000 | $1,900,000 |
| Average List Price | $8,140,937 | $10,882,000 | $11,259,571 | $4,390,833 | $2,551,833 | $1,900,000 |
| High List Price | $37,500,000 | $37,500,000 | $27,498,000 | $12,000,000 | $6,500,000 | $1,900,000 |
| Average LP/Sq. Ft. | $2408 | $2889 | $3,469 | $1178 | NA | NA |
| Pending Sales | 8 | 3 | 1 | 4 | 0 | 0 |
| Average List Price | $3,671,237 | $5,558,333 | $3,350,000 | $2,336,225 | 0 | 0 |
| Supply of Inventory* | 36 months | 45 months | 42 months | 48 months | NA | NA |
| 2020 YTD Sales | 0 | NA | NA | NA | NA | NA |
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.
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. The highest asking price in South Maui is $27,498,000.
These compare 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
19 Malukai Ln, Unit 4, Wailea/makena, HI
MLS® #405257
Listed By: Hawaii Life (W)
Office Contact: Cell: 808-283-2222
Step Into A World Of Refined Elegance And Beachfront Luxury In Maluhia At Wailea—a Sanctuary Within Wailea’s Most Exclusive Beachfront Enclave. Tucked Behind The Gates Of This Community Of Just 14 Bespoke Estates, This 4,800+ Sq. Ft. Home Is A Fusion Of Con...
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...
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.
Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty