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