Kapalua Condominium Sales: Market Spotlight on Coconut Grove Kapalua Bay and Montage Residences Kapalua Bay

For prospective buyers of luxury oceanfront condominium residences in Kapalua, the Coconut Grove Kapalua Bay and Montage Residences Kapalua Bay are often compared and considered for the similarity of size and their location overlooking Maui's much loved Kapalua Bay.  While both offer three bedroom and three bedroom plus den floor plans and are in similar price ranges, there are some very important differences:

The Champagne Hale: Summer Pops Up at Kapalua's Cliff House

THE MONTAGE, KAPALUA BAY, KAPALUA, MAUI, HAWAII

If you find yourself in Kapalua this summer, one of the most special and iconic spots, the Cliff House, is transformed into an exclusive pop-up bar and lounge.  

The Cliff House has long been one of my favorite spots on all of Maui, having first spent time at the historic site with my father prior to the hotel being built.  

Now, Montage Kapalua Bay is partnering with Veuve Cliquot Champagnes and Chef David Viviano for a one of a kind experience.  There's no better place to watch the sunset, all the while enjoying tasty pupus including oysters, poke, local surfing goat cheese, and bubbles...lots and lots of bubbles.

When: June 29

Maui Luxury Real Estate

Maui Ranks Amongst the Top 10 Luxury Real Estate Markets in 2016 and an Overview of Maui Luxury Real Estate Sales in 2018

Per Realtor.com's Luxury Home Index Research Report, Maui ranks 8th in the Nation's Top County Level Luxury Real Estate Markets, behind markets such as San Francisco, Brooklyn, Los Angeles, Manhattan, Santa Clara, San Mateo, and Marin.  The next Hawaii county real estate market to make the list is Kauai at #17.

Maui one of the Hottest Luxury Housing Markets in 2016

Previously Maui had ranked #17 on the list, making it also one of the "Top 20 Movers" which identifies the hottest markets as those that have moved the fastest since last year amongst the highest 100 ranked counties across seven

Maui Property Tax Rates Announced for 2017-2018 Fiscal Year

Per the Maui News article on June 5, 2017, the Maui County Council approved the new property tax rates for the July 1, 2017-June 30, 2018 Fiscal Year.

Maui County Property Tax Rates 2017 to 2018

The figures below show the rates for each year.  Traditionally, the lowest tax rate is for Homeowner, where this is their declared primary residence.  The highest tax rate remains the Time Share Classification.  The figures below are the Rate($)/Million of Assessed Value.

Change in tax rates by classification over 2016-2017 fiscal year:

Taxes increased across all categories from last year to this year, with the larges increase in those properties classified for use as Industrial,

MAUI VACATION RENTAL (TRANSIENT ACCOMMODATIONS) FAQs

This post has been updated as of June, 2022:  Read the Updated Post on Maui Vacation Rentals and Short Term Rentals

As a realtor here on Maui, working primarily in resort areas, the most frequently asked questions I encounter are "can I vacation rent this property when I'm not using it?" and, if so, "can I manage the property myself on a website like VRBO or AirBnB?".  

The answer is, it depends. It isn't always straightforward, as there are several factors to consider that may govern the use of the property as a short term Transient Vacation Rental (TVR), including, but not limited to, state laws and statutes, Maui county zoning rules and regulations, and CC&R's (Declaration of Covenants,

The Montage Residences, Kapalua Bay: Sales History and Real Estate Market Update

Since sales began at the newly branded Montage Residences, Kapalua Bay in 2014, the property has undergone a tremendous boost in sales with a 139% increase in sales volume ($) with 7% fewer sales.

The View from Montage Residences, Kapalua Bay 1205

Montage Residences, Kapalua Bay: Current Market Snapshot

Active Listings: 7
Price Range: $3,495,000 to $7,750,000
Pending Sales: 3
Price Range: $4,500,000 to $4,900,000
Sales Volume Prior to Rebrand: 28 sales totaling $53,747,552
Sales Volume Since Rebrand: 26 sales totaling $128,555,000

Sales initially began in 2009 while the property was branded the Ritz-Carlton Residences, Kapalua Bay.  This was just after our

Plantation Estates, Kapalua, Maui: A video walkthrough

Join me on this walkthrough of one of my favorite Maui homes.  This home in Kapalua, Maui's Plantation Estates is situated between the ocean and the Plantation Course, home to the famed Tournament of Champions.

See more Kapalua, Maui golf course homes for sale

Serenity in a bold landscape

Private Residences at the Montage Residences Kapalua Bay

The Montage Residences, Kapalua Bay: finding paradise

The Montage Residences Kapalua Bay is situated on one of my favorite spots on all of Maui, the iconic Kapalua Bay.

Montage Residences, Kapalua Bay 1205: this luxurious residence enjoys a beachfront location with a private yard overlooking Kapalua Bay

When considering a purchase, many prospective purchasers find that the Montage Residences offer far more than other properties in similar price ranges in Wailea, Makena and the high end resorts of the Big Island.  

Here is a lovely feature by the San Francisco Chronicle on why my clients chose the Montage Residences Kapalua Bay, and a brief testimonial about their experience of buying here on Maui.

"Courtney's the best agent we've ever

Maui Real Estate Market Overview and Buyer Statistics 2016

Many Buyers and Sellers want to know where buyers of Maui County real estate call home (in this case, their legal residence).  There is often a misperception that the majority of our foreign buyers come from Asia.  While this might be true for Oahu's market (particularly Honolulu), it hasn't been the case for Maui County, which includes the islands of Molokai and Lanai.  Each year, Title Guaranty, one of Hawaii's most reputable Title and Escrow Companies, provides us with Buyer statistics.  

MAUI BUYER STATISTICS: TOP FOREIGN AND US BUYERS

As you can see, the bulk of purchases in 2016, made by foreign buyers of Maui real estate continue to be Canadian, with 59 transactions totaling