October 12th, 2017 2:51 PM by Korby Matsen
Mauna Lani is a beautiful 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 homes to secluded condos, there is something for every discerning buyer. The Mauna Lani Resort offers its residents two Championship Golf Courses, the Mauna Lani Beach Club and a Spa and Fitness Center.
Also within the resort are two luxury hotels, the Mauna Lani Bay Hotel and the Fairmont Orchid Hotel. Both hotels offer a variety of activities and dining options. The Shops at Mauna Lani also provide plenty of restaurants choices, including Tommy Bahamas’ and Ruth’s Chris Steakhouse, as well as a variety of shopping options, and of course, the world-class, white sand beaches await your discovery.
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At the time of this writing (Oct 2nd), there were 17 homes and 44 condos for sale and 2 in escrow in the Mauna Lani Resort. Of the homes for sale, the highest priced one is listed at $7,690,000, and is located at 68-1052 Pauoa Way in the Pauoa Beach subdivision, while the most expensive condo on the market is listed at $3,155,000 and is located in Mauna Lani Resorts newest development, the Residences at Laulea, Unit #13B1. At the other end of the spectrum, the lowest priced home on the market is a tie between two homes, both located in Ka Milo at Mauna Lani. They are Units 212 & 219, and are both listed at the price of $1,475,000. On the condo side, the lowest priced one currently on the market is listed at the $475,000. It is #D-21, in the Palm Villas at Mauna Lani.
When it comes to sales in 3rd Quarter, the number of condos sold was, as usual, quite higher than the number of homes sold. In the Q3 time frame of July 2017 through September 2017 there were just 3 homes sold in the Mauna Lani Resort, while 17 condos were sold. Of the 3 homes that sold, the highest priced one is also located at the Residences at Laulea, Unit #9A2, and it sold for $3,775,000, from a list price of the same amount. While the lowest priced home to sell was the Villages at Mauna Lani #722. It sold for $1,762,000, from a list price of $1,799,000. The highest priced of the 17 condos sold in Q3 was Na Hale at Pauoa Beach #5, and had a sale price of $3,325,000, from a list price of the same amount, while the condo with the lowest sales price went for $432,000, from a list price of $459,000 and is Unit #C-21 in the Palm Villas at Mauna Lani.
Analysis: Sales of single homes have remained slow in the Mauna Lani Resort but sales of condos have been a little better and steadier. The volume of sales in the condo segment has been gradually reducing the amount of inventory to the point where we are on the verge of reaching a balanced market (6 month supply). The single family home segment continues to overwhelming be in a Buyer’s Market.
If you are looking to buy or sell a home in the Mauna Lani Resort, or are looking to save money on your Vacation Rental Management fees, contact me today. I will help make your Hawaiian Real Estate dreams a reality.Market Updates for other areas of the Kohala Coast can be found on the Market Update Page of my website. Mahalo
Highlights of the Q3 2017 Mauna Lani Market Update
If you enjoyed this update, you may like Kohala Coast Market Update for August 2017.
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