Kapalua Maui: Real Estate Update June 2012

June 1st, 2012

One of the questions I’m often asked, is where do you go for vacations when you live in paradise?

This year: Italy! And while, I LOVED Italy (the food,the wine, the art (David!), the countryside of Tuscany, the seaside towns in the Cinque Terre and Capri), there is nothing like returning to Maui. Sometimes it takes seeing a place with new eyes to really appreciate its beauty.

I’ve returned home just in time for one of Kapalua’s biggest events, the 31st annual Wine and Food Festival. It will be held at the Ritz-Carlton, Kapalua June 8-10, 2012. For tickets and information, visit: www.kapaluawineandfoodfestival.com

While I was gone, there were a few new listings, price changes, and sales. The following is an overview of the activity in last month in theKapalua real estate market:

NEW LISTINGS:
There were twelve new listings in Kapalua, ranging from $750,000 for a two bedroom Golf Villa to $20,880,000 for a beachfront home at Kapalua Place.

NEW CONDOMINIUMS:
Kapalua Bay Villas
Bay Villa 35G1 1B/1.5B at $1,125,000
Bay Villa 12B1,2 2B/3B at $1,550,000

Coconut Grove
Coconut Grove 14 3B/3.5B at $5,300,000

Kapalua Golf Villas
Golf Villa 16P1,2 2B/2B at $750,000
Golf Villa 14P1,2 2B/2B at $945,000

Kapalua Ironwoods
The Ironwoods 51 3B/3.5B at $4,375,000

The Residential Suites at the Ritz-Carlton Kapalua
1526-28 2B/2B at $1,995,000

NEW HOMES:
Pineapple Hill
214 Crestview 3B/3.5B at $2,879,000

Kapalua Place
8 Kapalua Place 4B/7B at $9,950,000
3 Kapalua Place 6B/6.5B at $20,880,000

NEW VACANT LAND:
Honolua Ridge
93 Keoawa 4.52 acres at $885,000
138 Keoawa 15.01 acres at $1,800,000


PENDING SALES
There are currently 11 properties pending sale: 4 Golf Villas,3 Ridge Villas, 1 Bay Villa, 1 Residential Suite at the Ritz-Carlton, Kapalua Hotel, 1 home in Pineapple Hill and 1 home at the Plantation Estates.

SALES:
As of this posting, there have been 24 sales recorded within the Kapalua Resort:
CONDOMINIUMS:
Kapalua Golf Villas
18P56: 2B/2B Listed at $559,000, sold at $515,000 REO
18V4: 1B/2B Listed at $575,000, sold at $575,000
12T1: 1B/1.5B Listed at $430,000, sold at $410,000
24P56: 2B/2B Listed at $568,500, sold at $485,000 REO
14P34: 2B/2B Listed at $839,000, sold at $780,000
23V1: 1B/1.5B Listed at $484,000, sold at $425,000
15P7,8: 2B/2B Listed at $539,000, sold at $485,000
20P5,6: 2B/2B Listed at $474,500, sold at $482,500
24T5,6: 1B/2B Listed at $423,225, sold at $410,000 REO
24T2: 1B/2B Listed at $490,000, sold at $440,000

Kapalua Ridge Villas
1721: 1B/2B Listed at $620,000, sold at $566,000
921-23: 2B/3B Listed at $1,100,000, sold at $895,000
2821-23: 2B/3B Listed at $1,100,000, sold at $1,000,000
815: 1B/2B Listed at $585,000, sold at $560,000
1521: 1B/2B Listed at $649,000, sold at $600,000

Kapalua Bay Villas
26B3-4: 2B/3B listed at $2,490,000, sold at $2,150,000

Kapalua Ironwoods
52: Listed at $2,750,000, sold at $2,450,000
102: Listed at $3,675,000, sold at $3,425,000
11: Listed at $3,450,000, sold at $3,200,000

Coconut Grove
18: 3B/3.5B sold at $5,000,000 *Not in MLS--Private Sale

HOMES:
Honolua Ridge
231 Kaupalena Place, Phase II: Listed at $2,69,000, sold at $2,760,000 Short Sale

Plantation Estates
201 Plantation Club Drive: 4B/5.5B Listed at $4,300,000, sold at $3,000,000

VACANT LAND:
Plantation Estates
610 Honokohau, Phase II: Listed at $920,000, sold at $800,000

Honolua Ridge
Lot 1, Phase II: Listed at $1,890,000, sold at $1,600,000