The Plantation Estates, Kapalua, Maui: real estate market update

The Plantation Estates, Kapalua, Maui: real estate market update

The Plantation Estates in Kapalua is one of Maui's most desirable neighborhoods.  Nestled along the famed Plantation Course (home to the PGA's season opening SBS Championship), these two plus acre homesites feature a variety of stunning views: the Kapalua coastline, the neighbor islands of Lanai and Molokai, the setting sun, whales in winter, and the golf course itself. 

My listing partner, Rob Shelton, and I are pleased to announce our new listings at 600 and 602 Honokohau Street.  Inspired by 19th Century Craftsman-style Hawaiian Homes, 602 Honokohau is an exceptional home, situated on 2.33 acres along the 16th fairway of the Plantation Course.  Featuring many gorgeous details and touches, the home is designed to seamlessly take in the beauty of the surroundings and the panoramic, unobstructed views of Molokai, Lanai, and the Pacific.  The attention to detail, quality of materials, and workmanship is unsurpassed in this one-of-a-kind home.  600 Honokohau, the neighboring 2.34 acre homesite is also available.

At the time of this post, there are twelve homes listed for sale (Maui MLS) in the Plantation Estates/Honolua Ridge, ranging from $4,450,000 to $16,000,000.  There have been two sales this year, 223 Plantation Club Drive at $3,900,000 and 708 Mokuleia at $7,125,000, both of which were our listings.  There are just eight home sites offered for sale, ranging from $995,000 to $2,950,000.  There have been no land sales since the beginning of this year.  

While vacant land sales have been flat in the resort in 2010, home sales are on the rise.  We have had five sales ranging from $2,750,000 to $7,125,000 in the first seven months of 2010, compared with the same number of sales ranging from $1,700,000 to $2,650,000 in all of 2009. 

For more information on the Plantation Estates, Kapalua Resort, and Maui real estate, please don't hesitate to contact me.