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January 16th, 2017 5:40 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, a Spa and Fitness Center and two luxury hotels. The Shops at Mauna Lani provide plenty of shopping and restaurants choices, including Tommy Bahamas and Ruth’s Chris Steakhouse. And, of course, the world-class, white sand beaches await your discovering.
View all homes for sale in the Mauna Lani Resort on the Home Search Page.Instantly find out what your Mauna Lani Home is worth on the Home Valuation Page.Learn about our Vacation Rental Management Program on the Vacation Rental Page.
At the time of this writing (Jan 10th), there were 15 homes and 86 condos for sale in the Mauna Lani Resort. Of the homes for sale, the highest priced one is listed at $11,700,000, and is located at 68-1046 Honokaope Way in the 49 Black Sand subdivision, while the most expensive condo on the market is listed at $2,705,000 and is located in Mauna Lani Point, unit D204. At the other end of the spectrum, the lowest priced home on the market is Ka Milo #219, located in Ka Milo at Mauna Lani, and is listed at $1,499,000. On the condo side, the lowest priced one currently on the market is listed at $498,000. It is #C-22, in the Palm Villas at Mauna Lani.
When it comes to sales in 4th Quarter, the number of condos sold was, as usual, quite higher than the number of homes sold. In the Q4 time frame of October 2016 through December 2016 there were only 3 homes sold in the Mauna Lani Resort, while 16 condos were sold. Of the 3 homes that sold, the highest priced one is located at 68-1042 Pauoa Way in the Pauoa Beach subdivision and it sold for $6,600,000, from a listed price of $6,900,000. While the lowest priced home to sell was at 68-1001 Papakonane Ct in the Mauna Lani Pont Estates. It sold for $2,125,000, from a listed price of $2,250,500. The highest priced of the 16 condos sold in Q4 was Ka Milo #433, and had a sale price of $1,150,000, from a list price of the same amount, while the condo with the lowest sales price went for $486,000, from a list price of the same amount and is Unit 1604 in the Fairway Villas at Mauna Lani.
Analysis: Sales of homes and condos in the Mauna Lani Resort remains slow, but steady. The volume of sales has not been enough to absorb the amount of homes on the market at a reasonable pace, making for the continuation of a Buyer’s Market.
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 you make your Hawaiian Real Estate dreams come true. To read more updates from other areas of the Kohala Coast, visit the Market Update Page.
Highlights of the Q4 2016 Mauna Lani Market Update