KAPALUA MARKET UPDATE: Q3 20

The view from 222 Crestview, Pineapple Hill Estates

Kapalua Condominiums, Homes and Land

Kapalua Condominiums

Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.

How does the market through the end of the third quarter of 2022 stack up for each community?

A FIVE-YEAR OVERVIEW

Spotlight on the Vintage at Kaanapali: Market Update Q3 2022

The Vintage at Kaanapali is a popular resort community in the heart of the Kaanapali Resort.  

The Market at the Vintage: A Five-Year Perspective

The Vintage has been a popular choice for Maui buyers with approximately 15% of the total residences trading since 2020.  At the writing of this post, there are no active listings at the Vintage and only two sales to record in MLS in 2022.  The average sales price year to date is up +15% over 2021 and the high sales price is up 23%.  

It's noteworthy with only two sales this year, the stats can be a bit confusing.  

Vintage 104 sold at 92% of asking at $1,200,000 after 496 days on the market.  This is a two-story cottage,

Market Spotlight: Montage Residences Kapalua Bay

Since being rebranded the Montage Residence Kapalua Bay in 2014, sales at the property have soared setting record highs for condominium sales in West Maui. 

When originally developed as a Ritz-Carlton Club and Residences in 2008, the property was comprised of 84 wholly-owned three and four-bedroom residences, some of the largest condominiums available in West Maui.  These residences are known as the Grand Residences, and are located in buildings 1, 2, 5 and 6, and ranged from 2,789 to 4,055 sq. ft. 

The development also included 62 smaller two and three-bedroom residences that were offered as 1/12 ownership located in buildings 3 and 4.  When rebranded as the Montage Residences, all developer

Introducing 322 Cook Pine, one of the last remaining undeveloped lots in Pineapple Hill

An aerial overlooking 322 Cook Pine Drive, Pineapple Hill, Kapalua

The views are focused toward the channel between Molokai and Lanai, framing Maui's spectacular sunsets

This is a rare offering of one of the last undeveloped home sites in Pineapple Hill phase I. The Design Guidelines for Pineapple Hill require the owner utilize one of six approved floor plans for the lots, which may be modified.  However, it should be noted that the foot print must be maintained and any changes must be approved by the Architectural and Design Review Committee. 

Pineapple Hill is one of Kapalua's most popular residential communities.  A gated enclave developed in two

KAPALUA MARKET UPDATE: Q2 2022

Kapalua Condominiums

Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.

Key Figures for Kapalua Condo Sales in 2021 by Complex

Maui Real Estate Market Update: Mid-Year Update

From the Realtor's Association of Maui: "Activity for homes and condominiums in the June Maui real estate market showed positive gains in home prices and a decrease in Pending and Closed sales compared to the same time last year. Inventory increased slightly in June, with current housing inventory showing a 2.7-month supply for Single Family homes, up 17.4% from last year, and current condominium inventory showing a 1.5-month supply, up 25% from last year."  Read the full report

Kapalua Resort, Maui: residential market update

Sold: 320 Cook Pine Drive listed by Courtney M. Brown sold for $3,850,000.

Kapalua Homes for Sale: Active and Pending Listings

Kapalua is comprised of several distinct communities, yet all flow together due to strong architectural and design guidelines: Pineapple Hill & Pineapple Hill Estates, Mahana Estates, Honolua Ridge, Plantation Estates Phases I and II, and Kapalua Place.  There are also three homes on oceanfront points within the Resort that aren't a part of a formal subdivision.

At the time of this post, there are just three active listings and three pending sales:

The active listings include a home on a double lot in Pineapple Hill that was originally built by musician Carlos Santana,

Live front and center on the Beach at Kapalua Bay:

Spotlight on the Coconut Grove on Kapalua Bay

The Coconut Grove on Kapalua Bay is one of Kapalua's hidden gems.  Situated overlooking Kapalua Bay, this gated enclave of just 36 residences is located next door to the Montage Residences Kapalua Bay, and represents an exceptional value on a price-per-square-foot basis.  At the time of this post, the two oceanfront Montage Condos 2203 and 1203 are for sale at $2927 and $3375/sq. ft. 

The Coconut Grove does not allow short-term rentals, and many residents love the peaceful, less transient feel of the community.  The Plan 1 is a 3B/3B floor plan and the Plans 2, 3 and 4 are 3B/3.5B residences.  The oceanfront Plan 4 floor plans all have an

Market Spotlight: Honua Kai May, 2022

The Honua Kai is Kaanapali's newest condominium development and one of the most desirable vacation destinations in West Maui.  Built in three phases along Kekaa Beach on the North Side of Black Rock, the Honua Kai is comprised of three separate sections: Hokulani (2008), Konea (2009) and Luana Gardens (2018).   

The Hokulani and Konea towers feature 627 studio, one, two and three-bedroom condominium residences.  The 10 story buildings have central air conditioning, elevators and underground parking.  The new addition of Luana Gardens weaves in a more contemporary residential component, with 72 three-bedroom residences.  These low rise, two-story buildings feature private garages in three clusters, each

KAPALUA MARKET UPDATE: Q1 2022

Kapalua Condominiums

Kapalua is home to several different condominium communities, with offerings ranging from one to four-bedroom condominiums.  The Kapalua Bay Villas, Kapalua Ironwoods, The Coconut Grove on Kapalua Bay, the Montage Residences Kapalua Bay and the Ritz-Carlton Kapalua Residences are all oceanfront properties nestled along the Kapalua Resort's spectacular shoreline.  The Kapalua Ridge Villas and Kapalua Golf Villas both are located on the Kapalua Bay Course with ocean and golf course views.

Key Figures for Kapalua Condo Sales in 2021 by Complex