Mauna Lani is a magnificent resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront estates to secluded luxury condos, there is a type of home for every discerning buyer. The Mauna Lani Resort offers its residents two Championship Golf Courses, the exclusive Mauna Lani Beach Club, and a Spa and Fitness Center.
Also, within the resort are two luxury hotels, Auberge Resorts and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurant choices, such as Tommy Bahamas’ and Ruth’s Chris Steak House. This open-air mall also consists of a selection of shops that include a mixture of famous brand names and local craftsmanship, and of course, the world-class, white sand beaches are always close by.
View all homes for sale in the Mauna Lani Resort. Instantly find out what your Mauna Lani Home is worth. Discover how our Vacation Rental Management Program can save you $1000’s.
At the time of this writing (July 1st), there were 18 single-family homes for sale and 1 home in escrow within the Mauna Lani Resort, with 42 condos for sale and 7 in escrow. Of the single-family homes for sale, the highest priced one is listed at $17,900,000, and is located at 68-1025 Pauoa Wy in the Pauoa Beach community, while the highest priced condo on the market is in the Residences at Laulea, Unit 1B2R and is listed at $3,275,000.
At the other end of the spectrum, the lowest priced single-family home on the market is at 68-1122 N Kaniku Dr #305, in Ka Milo at Mauna Lani and is listed at $1,795,000. On the condo side, the lowest priced one currently listed is Unit #D-1 in Palm Villas at Mauna Lani and is priced at $565,000.
When it comes to sales in 2nd Quarter, the effects of the Covid-19 pandemic have shown its effect. In the Q2 time frame of April 2020 through June 2020 there were not any single-family homes sold in the Mauna Lani Resort, while just 11 condos were sold. The highest priced of the 11 condos sold was The Islands at Mauna Lani #P1, and it sold for $1,040,000 from a list price of $1,135,000, while the condo with the lowest sales price went for $525,000 from a list price of $615,000 and is Unit #401 in Kulalani at Mauna Lani.
Analysis: As we expected, the Covid-19 pandemic has affected sales in the Mauna Lani Resort in the second quarter of 2020. There were no sales of single-family homes (usually 3-5) and condo sales were cut in half. Prices and inventory levels have remained steady and online traffic has reportedly increased immensely and now that travel is opening up in August, there is optimism that will see a rebound in the coming months.
If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams come true. If you enjoyed this Market Update, you can find updates on other locations at my Market Update Page. Mahalo.
Highlights of the Q2 2020 Mauna Lani Resort Market Update
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North Kohala is a beautiful tropical area located at the northern tip of the Big Island of Hawaii and is home to the two small towns of Hawi and Kapa’au. Hawi is most famous for being the bicycle turnaround point for the annual Ironman World Championship held each October, and its charming downtown area contains many small shops, and restaurants, including the famous Bamboo Restaurant. Hawi is also the 2nd office location of Hawaii Luxury Real Estate.
The other small town, Kapa’au also contains a downtown area with small shops and cafes and is home to the original King Kamehama I Statue. A little farther south down the coast is where the gated, upscale communities of Kohala Ranch, Kohala By-the-Sea and Kohala Waterfront are located.
North Kohala contains miles of pastoral, undeveloped land, as well as a variety beautiful homes, from small starter homes to large estates, many with stunning ocean views. The southern end of North Kohala contains the gated communities of Kohala Ranch, containing many luxury homes on large lots with stunning, panoramic ocean views, as well as many large lots where you can build your own Hawaiian Dream Home.
View all homes for sale in the North Kohala area. Instantly find out what your Kohala Coast Home is worth.
At the time of this writing (Mar 10th), there were 55 single-family homes for sale, with 9 homes in escrow in North Kohala, and 115 land lots for sale, with 4 in escrow. Since there are no condos located in North Kohala, so we have no statistics for that market segment. Of the homes for sale, the highest priced one is listed at $6,590,000, and is located at 56-3083 Puakea Bay Dr in the Puakea Bay Ranch community.
The highest priced land lot on the market is on Kai Nui Pl. It is a 28-acre lot in Kohala Kai, that is listed at $11,500,000. At the other end of the spectrum, the lowest priced home on the market is located at 53-4252 Akoni Pule Hwy in Kapa’au, and is listed at the low price of $297,500, while the lowest priced land lot for sale is a 1/2 -acre lot in Nuilii Village, Kapa’au and is listed at $140,000.
Sales in North Kohala of both homes and raw land have remained steady throughout most of 2019. In the Q4 time frame of October 1st through December 31st, there were 22 single-family homes sold in North Kohala. The highest priced home to sell is located at 59-328 Puamale Pl, in Kohala Ranch. It was listed at $1,899,000 and sold for $1,750,000. The highest priced land lot to sell went for $725,000 from a list price of $949,000 and is a 20-acre parcel at 54-2263 Kynnersley Rd in Kapa’au. The lowest priced home to sell in North Kohala is located at 53-4389 Akoni Pule Hwy in Kapa’au. It sold for $128,000 from a list price of $110,000. While the lowest priced land lot sold for $180,000 from a list price of $169,000. It is a 1 1/4-acre parcel in Kohala By-the-Sea.
Analysis: The sales of single-family homes and raw land in North Kohala has remained consistent throughout most of 2019. The inventory of single-family homes throughout 2019 has kept the market on a fine line between a Balanced Market and a Buyers’ Market, while the raw land market remains firmly a Buyer’s Market, with plenty of inventory to choose from, most of it concentrated in Kohala Ranch.
If you are looking to buy or sell a home in the North Kohala area, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. Mahalo.
Highlights of the North Kohala 2019 Q4 Market Update
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