Pineapple Hill, Kapalua: An Update

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

Back in March, 406 Monarch, a bank owned property, was listed for sale at $1,700,000.  It was snapped up the first day on the market, and closed today at the asking price, "As Is", cash closing, with no seller's disclosures.

Today, the property was re-listed at $2,300,000 (MLS 337416).  Asking prices for properties in Pineapple Hill currently start at $1,995,000.   In 2008, there was only one sale, which closed at $2,400,000.  To date, there have been three closings in 2009, with an average closing price of $2,125,000 and a median closing price of $2,325,000.

Pineapple Hill is a lovely residential community surrounding the Kapalua Resort's Bay Course.  Many of the gracious residences have lovely ocean and island views.  The homeowner's association takes meticulous care of beautifully landscaped common areas.  Owners can build one of six floorplans (though modifications are allowed with HOA and KRA approvals).  There is a common area pool and tennis courts.

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