Listed in early May, Masters Kaanapali 1905 is a large ground floor unit with an open layout to enjoy all of what the unit has to offer. Boasting more than 1500+ sqft of interior space, 2 beds, 2 baths, and an outdoor living area, our clients will enjoy the Kaanapali lifestyle. Not only does the unit offer stunning ocean views from the islands of Lanai and Molokai with year-around sunsets, it also captures vibrant views of the 10th fairway of the Royal Kaanapali Golf Course.
After negotiations, we were happy to close for $100k off asking at $975,000.
A little over 8 months into 2020, Masters Kaanapali has seen 10 units sold for a running sales volume of $8.1 million. Averaging just close to one unit sold per month is strong sales production for a complex that does not allow for short term rentals and given the current pandemic. Units here have seen an increased turnover rate similar to some of their West Maui counterparts like Honua Kai, Kaanapali Alii, or Montage Kapalua. One unit was sold in an off market transaction, while 40% of the units were sold within 3 months of coming to market.
While units here can sell for more than $1 million, 40% of the units were sold for $650k or less. On the upper end of the market, only one unit sold for more than $1 million, while 40% of the units sold in the $900k range. In terms of price/sqft, buyers should expect to pay $500-$750.
- Number of condos sold: 10
- Average sold price: $819,200
- Median sold price: $886,000
- Highest priced condo sold: $1.1 million
- Lowest priced condo sold: $575,000
With a variety of listings for sale, buyers shouldn’t have a problem picking out a unit they like. However, the market is extremely top heavy with more than 70% of the units being priced above $1 million.
If priced right, units can sell within a matter of days. so the best way to stay up to date is with our Masters Kaanapali New Listing alert.
- Number of condos for sale: 11
- Average asking price: $1,153,409
- Median list price: $1,095,000
- Highest priced listing: $1.59 million
- Lowest priced listing: $675,000
Contact a South Maui Real Estate and Lifestyle Specialist
Ho’olei villas, we are also currently the in house “Sayles” team at Ho’olei Grand Wailea
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.
Anthony Sayles R(S)