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January 5th, 2020 4:21 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 Auberge Resort, Mauna Lani (currently closed for renovations) 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.
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At the time of this writing (Jan 2nd), there were 20 single-family homes for sale in Mauna Lani Resort, but no homes in escrow, along with 48 condos for sale, and 6 in escrow. Of the homes for sale, the highest priced one is listed at $18,900,000, and is located at 68-1025 Pauoa Way in the Pauoa Beach subdivision, while the most expensive condo on the market is listed at $3,275,000 and is Unit #1B2R in the Residences of Laulea community.
At the other end of the spectrum, the lowest priced home on the market is 68-1122 N Kaniku Dr #217, located in Ka Milo at Mauna Lani, and is listed at $1,788,000, while on the condo side, the lowest priced one currently on the market is listed at $549,000. It is Unit #B-3, in the Palm Villas at Mauna Lani.
When it comes to sales in the 4th Quarter, the number of condos sold was, as usual, quite higher than the number of single-family homes sold. In the Q4 time frame of October through December 2019, there were 5 single-family homes sold in the Mauna Lani Resort, while 19 condos were sold. The highest priced home to sell is at 68-1002 Papakonane and it sold for $5,100,000, from a list price of $5,500,000. The lowest priced home sold for $1,465,000, from a list price of $1,550,000, and is 68-1025 N Kaniku Dr #401, in The Villages at Mauna Lani. The highest priced of the 19 condos sold is also in Ka Milo at Mauna Lani, Unit 123, and it sold for $1,350,000, from a list price of the same amount. While the condo with the lowest sales price was Palm Villas #B-3, which sold for $512,250 from a list price of $514,900.
Analysis: The sales volume of single-family homes and condos in Mauna Lani Resort has remained fairly constant throughout 2019. Condo inventory increased slightly in the 4th Quarter as sellers put their units on the market for the winter selling season, but at a 6-month supply, we are still in a Balanced Market. As for the single-family home segment, we were in a Buyers’ Market even before the usual winter inventory increase.
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 a reality. If you enjoyed this Market Update, read about other location on the Kohala Coast on my Market Update Page. Mahalo
Highlights of the Q4 2019 Mauna Lani Real Estate Update
If you enjoyed this update, you may like Kohala Real Estate Update for November 2019.