Just listed this week, Kaanapali Alii 1-1103 is an extravagant penthouse unit with amazing ocean views over Black Rock and beyond towards the neighbor island of Molokai. With unbeatable views from the lanai, it’s hard to imagine anyone would want to sell it. In an ideal orientation facing west, the views from the unit are unbelievable and offer one of the best spots for viewing a West Maui sunset.
Upgraded with top of the line finishes, this 2 bedroom, 2 bathroom, 1600+ sqft unit is some of the very best Kaanapali Alii has to offer. An attractive feature of the complex is its ability to be rented out as a short term rental. So when the unit is not in use, some of the rental income will go a long way in paying for the monthly fees. The unit is rated an “A” in the on-site rental program operated by Destination Resorts.
Listed at $3,888,000
Listed a few months ago as the most recent June listing, Kaanapali Alii 1-405 sits in a direct oceanfront location with nothing but pleasing ocean views. Perched 4 floors up, the unit sits an optimal level to still get the breeze but high enough to make the most of its elevated views. Updated throughout the unit, there are bits of old and new which neatly blend to create a modern Kaanapali style.
Designed in an open layout, the units flow is maximized and complimented by the breezy trade winds. Complete with 2 bedroom and 2 bath en suites, this is the ultimate Kaanapali luxury with one of the most unbeatable locations in the complex.
Listed at $4,780,000
Kaanapali Alii Market Update 2018
With the first 2 quarters of 2018 completed, Kaanapali Alii is already off a furious start with 10 units sold worth a running sales volume of just under $25 million. Some of the units took longer than expected to sale with 4 taking longer than 1 year to find a buyer. On the other hand, 5 units were able to find a buyer within 6 months of being listed. The market was split 60/40 in terms of the number of 2 and 1 bedroom units sold.
Sales in the $1.2-$1.8 million range heavily dominated the market 60% of them falling in that price point; surprisingly, 20% of the sales so far were in excess of $4 million. Buyers should be prepared to get out their check books if they see a property they like. In terms of price/sqft, 1 unit was sold in the $900/sqft range but most of the units will realistically sell in the $1000-$2500/sqft range.
- Number of Kaanapali Alii condos sold: 12
- Average sold price: $2,637,916
- Highest priced unit sold: $5 million
- Lowest priced listing sold: $1.4 million
With a total of 13 Kaanapali Alii condos for sale and over $35 million in inventory, Kaanapali Alii buyers have plenty of properties to work with. When there are large amounts of supply in a particular complex, the deal will favor the buyers as there are other properties to try and leverage for a great price. The majority of the units for sale are 2 bedrooms, with only 5 of the active listings being 1 bedroom units. A little over 70% of the active listings have come to market within the last 2 months.
Most of the inventory is concentrated in the $1 & $2 million range where there 5 listings in each of those price points. On the upper end, there 1 listing in each of the $3, $4, and $5 million range. In terms of value, buyers are paying anywhere from $1000-$3000/sqft.
- Number of Kaanapali Alii condos for sale 13
- Average list price: $2,695,000
- Highest priced unit: $5 million
- Lowest priced listing: $1.4 million
Contact a Maui Real Estate and Lifestyle Specialist
Great views over West Maui from the Laniupoko lot we sold earlier this year
Please interview me to be your trusted Maui Real Estate and Lifestyle Advisor. I was born and raised on the island, and spend a considerable amount of time to inform my clients about the best deals currently on the market. Please do not hesitate to call me for your Maui real estate needs. I am more than happy to assist you in your home search.
Aloha,Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com