Listed in early September, Honua Kai 18A is a newly constructed unit with top of the line finishes fit for Maui’s best. Totaling 2,047 square feet, 3 bedrooms, 3 bathrooms, plus a 521 square foot lanai, the indoor/outdoor living possibilities are endless. As a ground floor unit, residents will be able to stretch their legs and walk directly into a tranquil courtyard reminiscent of the perfect West Maui lifestyle.
Listed at $2.3 million
Listed in early March, Honua Kai 7B is also a grand floor unit just like the above with similar yet different finishes that easily captures the range of units available at Honua Kai. Included in the sale is a one-car garage which is an extra perk not all West Maui condos for sale have. As a vacation rental unit, the possibility for short term rental income is an attractive option for many buyers.
Listed at $2,366,000
Honua Kai Market Update 2020
With more than $129 million completed in running sales volume through 8.5 months, Honua Kai has been offloading units at a rapid pace. A large part of that production can be attributed to the new construction condos sold with a little over 66% of sales being new construction. However, 18 resales is extremely impressive for the market.
Honua Kai is a fit for a variety of buyer demographics. On one hand, it can meet and exceed the expectations of buyers looking under $1 million. While on the other, it can please the most picky buyers and those looking in the $3+ million range.
To get a better idea of the market, check out our Honua Kai sold data over the last 10 years.
- Number of Honua Kai condos sold: 66 (48 new developer offerings)
- Average sold price: $1,968,746
- Median sold price: $2,145,000
- Highest priced condo sold: $3,100,000
- Lowest priced condo for sale: $775,000
Honua Kai Market Update 2019
- Number of Honua Kai condos sold: 57 (23 new developer offerings)
- Average sold price: $1,610,692
- Median sold price: $1.7 million
- Highest priced condo sold: $3.3 million
- Lowest priced condo for sale: $774,000
With a ton of inventory to choose from, buyers will have look to capitalize on the variety of options at their finger tips. Once known for having an attractive barrier to entry, Honua Kai has seen its stock rise quickly over the last few years. Buyers are still able to get into the complex for well under $1 million, while the units closer to the ocean can be valued at just under $4 million.
The strong rental demand from visitors makes the cash flow aspect very appealing to buyers and can go a long way in helping to cover the monthly cost associated with ownership.
If none of the units catch your eye, stay up to date with our Honua Kai new listing email alert.
- Honua Kai condos for sale: 31
- Average asking price: $1,458,634
- Highest priced condo for sale: $3.87 million
- Lowest priced condo for sale: $799,000
Contact a Maui Real Estate and Lifestyle Specialist
Please consider 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)