The Ritz-Carlton Residences, Kapalua Bay: Maui Real Estate Market Update

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

The Ritz-Carlton Residences, Kapalua Bay: Maui Real Estate Market Update

Kapalua Maui Ritz-Carlton Residences View

The Ritz-Carlton Residences, Kapalua Bay are Maui's newest luxury real estate development.  Overlooking Kapalua Bay, and situated on 21 oceanfront acres in the resort, this is one of the most beautiful locations in the islands.  The picture above was taken from the lanai of one of the Residences.  Completed in the summer of 2009, the property is comprised of 84 wholly owned condominium residences and 62 fractional residences, which are managed by the Ritz-Carlton Club and Residences. 

Contact me for a complete list of available developer properties.  In addition, while there is developer inventory remaining, as of this post, there are also two resales available in MLS listed at $4,250,000 and $4,500,000. 

The most recent closing is 1503 at $5,735,000, which occurred this past week, on 8/24/2010.  A summary of MLS activity follows.  In addition to the sales detailed below, please note that Exclusive Resorts closed on 15 Residences in a bulk sale in 2009.

MLS #

Status Unit List Price Sold Price Closing Date Bds Bths Liv-SF Days On Market Price/Liv-SF
  343585   ACTIVE   1103   $4,250,000       3   3.50   3125   77   $1,360.00
  335320   ACTIVE   1303   $4,500,000       3   3.50   3125   604   $1,440.00
  339891   SOLD   5103   $3,445,630   $3,445,630   7/15/2009   3   3.50   3125   1136   $1,102.60
  339892   SOLD   5202   $3,794,360   $3,794,360   7/15/2009   3   3.50   3002   511   $1,263.94
  339890   SOLD   1205   $4,840,750   $4,840,750   7/15/2009   3   3.50   3002   321   $1,612.51
  339453   SOLD   2203   $4,551,750   $4,551,750   7/22/2009   3   3.50   3125   1157   $1,456.56
  340599   SOLD   1502   $5,000,000   $5,000,000   12/7/2009   3   3.50   3125   1045   $1,600.00
  341361   SOLD   2602   $3,600,000   $3,600,000   1/28/2010   3   3.50   2904   24   $1,239.67
  343079   SOLD   1305   $3,300,000   $3,300,000   5/7/2010   3   3.50   3002   1068   $1,099.27
  343332   SOLD   1103   $3,913,000   $3,913,000   5/19/2010   3   3.50   3125   847   $1,252.16
  344804   SOLD   1503   $5,735,000   $5,735,000   8/24/2010   3   3.50   3125   438   $1,835.20
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Courtney Brown, Realtor (S) Vice President

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