Posted by Courtney M. Brown on Saturday, December 17th, 2016 at 4:07pm.
The Montage Kapalua Bay is situated on over twenty oceanfront acres overlooking one of Maui's most iconic beaches, Kapalua Bay. Formerly the site of the Kapalua Bay Hotel, this incredible property was completed in 2009, offering some of the largest condominium residences in West Maui, ranging from three to four bedrooms, and 2791 to 4055 sq. ft.
Montage Residences Kapalua Bay whole ownership residences are located in buildings 1, 2, 5 and 6, with fractional 1/12th ownership residences located in buildings 3 and 4.
Montage 1205: a private garden overlooking Kapalua Bay
Montage Residences 1205
This exceptional residence is the only residence with a private, fenced in yard. Situated oceanfront and overlooking the ocean and the beach at Kapalua Bay, this residence is perfectly oriented to take in Maui's magnificent sunsets, which move between Molokai and Lanai depending on the season. Offered fully furnished, this residence features custom built-ins and furnishings from Bassman Blaine.
3 Bedrooms/3 Baths
2791 sq. ft.
Currently offered at $5,495,000
Montage Residences 5202
Currently the lowest priced property at the Montage Residences Kapalua Bay, Montage Residences 5202 represents an incredible opportunity to own at this five star property.* Located in the popular "02" stack in building 5, this particular location has been very desirable for a few reasons, including the corner location creating a more spacious ocean view lanai and because it is the only stack with a lanai off the guest master with a view overlooking the bamboo gardens.
3 Bedrooms/3 Baths
2791 sq. ft.
Currently offered at $3,550,000
Montage Residences Kapalua Bay: the view from Residence 5202
Originally conceived as a Ritz-Carlton Club and Residences, the property was rebranded a Montage in 2014. Since becoming a Montage property, the Forbes five star property has attracted buyers for the luxury condominiums which range from a spacious three to four bedrooms. With a focus on amenities, a sense of place and owner experience, the property sales have gained momentum with 24 developer sales and 2 resales. Overall, there are 52 privately owned units, with a remaining 32 owned by Island Acquistions.
| Montage Residences Kapalua Bay | 2016 YTD | 2015 | 2014 | 2011 | 2010 | 2009 |
| Number of Listings* | 8 | |||||
| Average List Price | $4,916,250 | |||||
| Average LP/Sq. Ft. | $1616 | |||||
| Pending Sales | 1 | |||||
| Number of Sales | 9 | 9 | 8 | 5 | 4 | 5 |
| Low Sales Price | $3,125,000 | $3,950,000 | $4,300,000 | $2,800,000 | $3,300,000 | $3,450,000 |
| High Sales Price | $8,650,000 | $4,900,000 | $8,250,000 | $3,317,062 | $5,735,000 | $5,000,000 |
| Average Sales Price | $4,555,555 | $4,350,000 | $5,484,125 | $3,114,412 | $4,137,000 | $4,326,498 |
| Average SP $/Sq. Ft. | $1516 | $1609 | $1735 | $1066 | $1357 | $1407 |
| Average Days on Market | 147 | 168 | 67 | 1488 | 594 | 834 |
Helpful Information:
Under the Ritz-Carlton brand, developer sales began in 2009 and lasted until 2011, with 84 whole ownership private condominium residences and 64 fractional ownership residences (1/12th interests). There were 13 Initial sales to the public that ranged from $2,800,000 to a high of $5,735,000. There was a block of 15 residences purchased by Exclusive Resorts for $56,574,392. During that time, there was one resale, Residence 1305, which was originally purchased for $3,300,000 in 2009 and sold in 2011 for $2,850,000.
Sales began again in 2014 to present under the Montage brand. In 2016, 6 of the sales were ocean view residences, with only 3 oceanfront sales and one 4 Bedroom sale. In 2015, 5 of the sales were oceanfront, and 4 ocean view. No 4 Bedroom Sales. In 2014, the majority of the sales were oceanfront and three of the sales were 4 Bedroom residences ranging from $7,750,000 to $8,250,000. Since the rebranding, there have been two resales at $3,125,000 and $4,300,000.
Not all developer inventory is listed in MLS. At the time of this post, three of the listings are re-sales. For a complete overview of available condos at the Montage Residences, Kapalua Bay, please contact Courtney.
Residential
1 Bay Dr, Unit 6302, Kapalua, HI
MLS® #403635
Listed By: Compass
Office Contact: Cell: 808-385-0882
This Is A Turnkey Opportunity At The Magnificent Montage Residences At Kapalua Bay. Secluded And Tranquil, Stand Alone Building 6, The Molokai Wing, Sits Conveniently Positioned With Its Own Separate Driveway To This Coastal Resort. Unit 6302, With Private ...
Residential
1 Bay Dr, Unit 4505, Kapalua, HI
MLS® #403602
Listed By: Compass
Office Contact: Cell: 808-283-3436
Rare, Turnkey 5th Floor Elevation Hotel Residence At Montage Kapalua Bay- One Of The Highest Locations On The Property, Offering A "premier Oceanview Residence" Category. This Home Is Hotel-zoned For Nightly Rentals In A 5-star Resort Allowing Access To Mon...
Residential
1 Bay Dr, Unit 2202, Kapalua, HI
MLS® #402167
Listed By: West Maui Land Company Inc
Located In A Private And Serene Portion Of The Luxury Resort Known As The Montage Residences Kapalua Bay, Unit 2202 Awaits Your Arrival! Conveniently Located On The Ground Floor, This Grand Residence 3-bedroom, Den, 3.5 Bathroom Property Is Centrally Locate...
Residential
1 Bay Dr, Unit 1502, Kapalua, HI
MLS® #400821
Listed By: Compass
Office Contact: Cell: 808-283-3436
This Oceanfront Penthouse Occupies A Prime Location At Montage Kapalua Bay, Offering Breathtaking, Unobstructed Views Of The Sparkling, Sapphire Blue Waters Of The Pacific Ocean, And The Islands Of Lana'i And Moloka'i. Enjoy Kapalua’s Best With Picturesque ...
Residential
1 Bay Dr, Unit 1204, Kapalua, HI
MLS® #400442
Listed By: Compass
Office Contact: Cell: 808-283-3436
This Exquisitely Furnished Residence Offers Luxury Resort-style Living, Elevating The Experience Of Coastal Elegance To New Heights. With Direct Oceanfront Access And A Walkout To A Tropical, Grassy Lawn Area, This Second-floor Elevation Home Presents An In...
*the information on the listings is taken from the MLS on the date of this post and is subject to change.
Courtney M. Brown, R(S) & Team
Vice President
Island Sotheby's International Realty