Kaanapali Alii Winter Listings
Kaanapali Alii 4-1102 is a gorgeous penthouse unit with 11th floor views out towards the neighbor island of Lanai and the deep blue Pacific Ocean. Located in building #4, this building sits smack dab in the middle of the complex and is the closest to resident parking and Nohea Kai Drive. Because the building is positioned in the middle of the complex, it is equidistant to the pool, tennis courts, and beach. Superbly maintained over the years, the unit has been upgraded to modern standards and embodies an open concept to facilitate entertaining and a large layout.
Immediately as you walk through the doors, the large windows and glass doors at the back of the unit offer stunning ocean views where the ocean acts as a natural painting that is neatly contrasted against the lighter tones in the unit. Complete with 1 bedroom, 2 bathrooms, 1441 of interior sqft, and over 100+ sqft of lanai space, the unit is extremely spacious for a 1 bedroom unit. The units at Kaanapali Alii can be rented out on a short term basis which will definitely come in handy when having to cover the monthly maintenance fees of $2000.
Listed at $2,495,000
Kaanapali Alii Market Update 2018
Looking back at 2018, Kaanapali Alii is got off to a furious start with 10 units sold through the 1st 6 months of the year. Once Q3 rolled around, the market cooled off and not see any sales for a solid 2 months until 1 popped in August; then another 2 slow months until October where it saw 4 sales in a little under 6 weeks. At this point in the year, the market has seen a running sales volume of $40 million. Units can move fast here, around 27% of the units sold were able to secure buyers within 2 months of being listed, while another 27% needed more than 1 year to find a buyer.
Kaanpali Alii is a diverse market with some units going for a little over $1 million, while the best units can fetch almost $5 million. With such a steep range, many factors come into consideration like: ocean views, location in the complex, and level of remodel. Not so obvious factors to consider are short term rental income and proximity to the elevator (noise). Sales are relatively evenly dispersed throughout the market, however, the $ 1 million price point represents close to 40% of the sale; while each of the $2 and $4 million ranges saw 3 units sold. The $3 million price range rounds out the sales with 2 units sold. 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.
For an insider glimpse into the market, check out our deep dive into Kanapali Alii sold data.
- Number of Kaanapali Alii condos sold: 15
- Average sold price: $2.65 million
- Highest priced unit sold: $4.8 million
- Lowest priced listing sold: $1.2 million
Totaling 16 Kaanapali Alii condos for sale and over $38 million in inventory, buyers have plenty of properties to work with. With that kind of inventory, Kaanapali Alii has an immense amount of selection to choose from compared to other Kaanapali condos for sale. There is a little something for everyone with the $1 million range being the most represented at 9 units for sale. The $2 million price point is the next most heavily represented with 25 % of the listings. Meanwhile each of the $3, $4, and $5 million list price points have 1 unit for sale.
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.
- Number of Kaanapali Alii condos for sale 16
- Average list price: $2,417,812
- Highest priced unit: $5.2 million
- Lowest priced listing: $1.1 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