Posted
by Courtney M. Brown
on Monday, January 27th, 2020 at 12:57pm.
MAUI OCEANFRONT HOMES Market Update, January 2020
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 $10,880,000.
Maui Oceanfront Home Sales: Key Metrics 2014 to Present
Year
Sales
Volume
Avg SP
Avg SP$/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
16 | -30%
$64,454,049 | -57%
$4,028,378 | -37%
$1288 | -27%
285 | 28%
88%
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
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.
Upgraded In November 2024, This Stunning Beachfront Condo Features Brand-new Vinyl Flooring, A Modern Dual-split Mitsubishi Ac System, And Fresh Paint Throughout. Located In A Hotel-zoned Resort, This Fully Furnished Unit Boasts Breathtaking Ocean Views And...
Listed By: Living Maui Real Estate LLC Office Contact: Cell: 808-359-1161
Nestled Along The Pristine Shores Of Maui's Most Exquisite Bay, Napili Bay Resort Beckons With Its Unrivaled Beachfront Location. Studio #210, Perfectly Positioned To Capture Breathtaking Views, Offers Unparalleled Access To The Powdery Sands Of Napili Bay,...
3543 Lower Honoapiilani Rd, Unit K207, Napili/kahana/honokowai, HI
MLS® #403028
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-281-7313
Are You Ready For Spectacular Sunsets, Breathtaking Ocean Views, Sea Turtles, Whale Watching From A Peaceful Maui Island Retreat? Welcome To Papakea Resort. K207 Features Great Views From The Kitchen And Living Room Of The Tropical Koi Ponds, The Resort, Th...
Hotel Zoned*oceanfront Studio At Maui Kai – A Slice Of Paradise Located Right On The Water's Edge, This Oceanfront Studio At Maui Kai Offers The Ultimate In Beachfront Living. Enjoy Unparalleled Views Of The Pacific Ocean And The Stunning Sunsets That Maui ...
4365 Lower Honoapiilani Rd, Unit 518, Napili/kahana/honokowai, HI
MLS® #405222
Listed By: Coldwell Banker Island Prop-KP Office Contact: Cell: 808-463-2445
Experience Beachfront Living With This Beautifully Renovated 5th-floor Studio At The Royal Kahana. The Unit Was Fully Updated In December 2022, Featuring Brand-new Floors, A Sleek New Kitchen, A Modern Bathroom With A Walk In Shower, And Updated Appliances ...
3785 Lower Honoapiilani Rd, Unit 107, Napili/kahana/honokowai, HI
MLS® #403738
Listed By: Hawaii Life (W) Office Contact: Cell: 808-250-2178
Welcome To Kaleialoha 107, Your Stunning Oceanfront Getaway! As You Step Inside This Freshly Painted One-bedroom, One-bath Condo, You'll Be Greeted By Breathtaking Ocean Views That Set The Perfect Backdrop For Your Maui Escape. Enjoy The Convenience Of A Gr...
3741 Lower Honoapiilani Rd, Unit 104, Napili/kahana/honokowai, HI
MLS® #405099
Listed By: Island Sotheby's International Realty(L) Office Contact: Cell: 808-280-5054
Unobstructed Panoramic Ocean And Island Views Await! This Ground-floor, Oceanfront Unit At Kulakane Is Your Personal Slice Of Paradise, Offering Breathtaking Year-round Sunsets, Mesmerizing Vistas Of The Blue Pacific, And Front-row Seats To Seasonal Whale W...
4471 Lower Honoapiilani Rd, Unit 214, Napili/kahana/honokowai, HI
MLS® #405106
Listed By: Maui Ohana Real Estate LLC Office Contact: 808-280-1090
Choose Oceanfront Kahana Reef 214 And Sea Gaze At Breathtaking Whale Breaches During The Winter, Dolphins Jumping And Turtles Swimming From Your Private Lanai. Experience Mesmerizing Sunsets And The Serene Beauty Of The Neighboring Islands, Lanai And Molok...
4435 Lower Honoapiilani Rd, Unit 212, Napili/kahana/honokowai, HI
MLS® #405159
Listed By: Maui Real Estate Advisors LLC Office Contact: 808-875-4444
Pohailani 212 Is A Stunning Ocean Front Unit With Jaw Dropping Views. You Will Spend Hours Watching The Whales Breach And The Sea Turtles Grazing Along The Expansive Reef With The Waves Rolling Across. Inside, You Will Discover A Well Appointed And Highly...
Listed By: Maui Real Estate Advisors LLC Office Contact: 808-875-4444
Maui Kai 402 Is Located In The Heart Of Kaanapali With Some Of The Most Amazing Ocean And Outer Island Views. Relax On Your Covered Lanai Surrounded By The Sounds Of The Surf And The Rolling Waves While Enjoy The Turtles Below And The Whales Actively Playi...
3875 Lower Honoapiilani Rd, Unit A104, Napili/kahana/honokowai, HI
MLS® #402264
Listed By: Living Maui Real Estate LLC Office Contact: Cell: 808-359-1161
Residents And Guests Alike Relish The Experience Of Living At Hale Mahina. This Oceanfront Complex Boasts A Low Density, With Fewer Than 60 Owners, Ensuring Ample Space To Soak In The Stunning West Maui Sunsets, Enjoy Expansive Lanais, And Revel In The Priv...
4327 Lower Honoapiilani Rd, Unit 502, Napili/kahana/honokowai, HI
MLS® #404147
Listed By: Compass Office Contact: 808-283-0492
The Swaying Palms Of Paradise Await At Valley Isle Resort Residence 502. This Turnkey 1-bedroom, 1-bathroom Oceanfront Home Is Hotel Zoned And Accommodates 4 Guests, Making It The Perfect Getaway. Savor Your Morning Coffee Or Unwind From The Day's Adventure...
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
