Special offer

New Life to the Kapalua Resort real estate market

By
Real Estate Agent with Island Sotheby's International Realty R(S): 56519

The pulse of the Kapalua Resort real estate market is getting stronger, if the price is right. 

A flurry of activity occurred when a bank owned property was listed in Pineapple Hill I at $1,700,000 As Is.  An offer was received immediately, and the property is now pending sale.  Due to the status of the property, this represents a decline over recent sales of homes in Pineapple Hill I which averaged $2,358,333 since January of 2008.

There is also a notable price reduction of a one bedroom Golf Villa to $545,000 which is now the lowest listing price in the resort.

Kapalua Resort 7 day market activity per the MLS: 
New Listings: 4         Low: $997,000  High: $2,695,000
Price Reductions: 6   Low: $545,000  High: $5,900,000
New Pending Sales: 1
Total Pending Sales: 3
Sales: 0


New Listings:

MLS #

Address

Bldg Nm

Unit

Original Price

List Price

Bds

Bths

Liv-SF

Days On Market

336915

100 Ridge Road

Ridge Villas

2824

$997,000

$997,000

1

2.00

1125

6

336950

500 Kapalua Drive

Golf Villas

26V2

$1,495,000

$1,495,000

3

2.00

1700

6

336917

100 Ridge Road

Ridge Villas

1921-22

$1,695,000

$1,695,000

3

3.00

1900

6

337011

338 Cook Pine Drive

Pineapple Hill

 

$2,695,000

$2,695,000

4

4.50

4088

5

Price Changes:

MLS #

Address

Neighborhood

Unit

Original Price

List Price

Bds

Bths

Liv-SF

Days On Market

336466

500 Kapalua Drive

Golf Villas

14V2

$555,000

$545,000

1

1.50

899

29

335801

100 Ridge Road

Ridge Villas

714

$995,000

$965,000

1

2.00

1125

65

335537

500 Bay Drive

Bay Villas

17-G-4

$1,225,000

$1,100,000

1

1.00

1006

81

335536

500 Bay Drive

Bay Villas

25-B-3

$1,750,000

$1,649,000

1

2.00

1096

80

334160

1000 Sunset Place

Pineapple Hill

 

$3,500,000

$2,995,000

4

4.50

3368

160

334417

23 Kapalua Bay Drive

Coconut Grove

23

$6,300,000

$5,900,000

3

3.50

2280

145

Pending Sales:

MLS #

Address

Neighborhood

Unit

Original Price

List Price

Bds

Bths

Liv-SF

Days On Market

331713

500 Bay Drive

Bay Villas

16G2

$979,000

$840,000

1

1.00

989

304

336977

406 monarch

Pineapple Hill

 

$1,700,000

$1,700,000

3

3.00

2794

3

319901

1 Kapalua Bay Drive

Residences on Kapalua Bay

1303

$6,245,000

$6,245,000

3

3.50

3125

365

Sales:
No sales to report 

All data is taken from the Realtor's Association of Maui's MLS system and is believed to be accurate, but is subject to change.  To view active listings, Search the Maui MLS by entering the MLS number for the property.

Comments(0)