Discover the Vibrant Oceanfront Property Market in Maui: A 6-Month Recap

If you're captivated by the allure of oceanfront living in Maui, you're not alone. Over the past six months, from May to October 2023, the oceanfront property market on this breathtaking island has been buzzing with activity. In this blog, we'll delve into the exciting details of eight recent closed sales of oceanfront residential properties, providing valuable insights for both prospective buyers and curious enthusiasts. So, let's dive in!

Maui's Oceanfront Treasure Trove

From the serene shores of Kaupo to the captivating coastline of Hana, here's a glimpse of the recent sales, ranked by their sale price:

1. 37760 Pi'ilani Highway, Kaupo - $725,000 - This hidden gem boasts 6.9 acres of paradise and a 400 sq. ft. off-grid structure, all for just $725,000. It took just 61 days to find its lucky new owner.

2. 194 Lower Waiehu Beach Road, Wailuku - $790,650 - Despite being in need of some TLC, this bank-owned property generated significant buzz. With 0.26 acres of land, it sold for $790,650 after just 35 days on the market.

3. 35 Kapohue Rd, Hana - $3,300,000 - For those seeking a tranquil retreat, this single-level 3-bed, 3.5-bath home on 1.1 oceanfront acres in Hana is a dream come true. It found its new owner in just 33 days.

4. 490 + 497 Lilihua Place, Wailuku - $3,500,000 - This incredible property offers a custom 3-bed, 3.5-bath home along with a detached 1-bed, 1-bath cottage on 4.55 flat acres. Originally listed at $5,500,000, it sold after 315 days on the market.

5. 1816 Halama Street, Kihei - $3,900,000 - A beautifully remodeled single-level 2-bed, 2-bath home with a detached garage on 0.32 acres. It found its new owner in just 39 days.

6. 580 N. Holokai Place, Haiku - $4,075,000 - Perched high above the ocean on 7 acres, this property features a spacious 3-bed, 3-bath home, a detached 928 sq. ft. cottage, and a swimming pool. After 144 days on the market, it was a steal from its original $4,500,000 listing price.

7. 11505 Honoapiilani Highway, Olowalu - $7,500,000 - This contemporary 4-bed, 4.5-bath masterpiece comes complete with an oceanfront pool, artistic details, and full furnishings, all on 0.54 acres of prime land. It took 223 days to find its fortunate owner.

8. 1498 Halama Street, Kihei - $10,000,000 - Luxury knows no bounds in this 5,036 sq. ft., 2-story, 4-bed, 4.5-bath marvel with a heated pool and hot tub on 0.41 acres. Despite its original listing price of $16,500,000, it finally found its match after 350 days on the market.

The Current Oceanfront Opportunities

But the excitement doesn't end there. Maui's oceanfront property market is still brimming with incredible opportunities. Currently, there are 23 active and pending listings, ranging from $989,000 to $36,000,000. Four of these gems are located on the enchanting islands of Moloka’i and Lana’i, with prices ranging from $989,000 to $20,000,000.

The median price for these oceanfront treasures is $6,950,000, and among them, ten are beachfront and thirteen are oceanfront. You'll find a variety of land sizes, from about 1/4 acre to 20 acres, with the majority being under 1 acre. The best part? None of them are bank-owned, so you can explore your dream of oceanfront living without any added complications.

For those seeking a unique living experience, there's even a residential condo or CPR priced at $16,750,000 in Makena. Days on the market for these listings range from just 7 days to 439 days, so act swiftly if you find your perfect slice of paradise.

Ready to Make Maui Your Home?

As you can see, Maui's oceanfront property market is alive with possibilities. Whether you're considering a sale or searching for your own piece of oceanfront paradise, Maui offers a world of opportunity. To view the current oceanfront listings, including those on Moloka’i and Lana’i, simply click the link below and take the first step toward realizing your oceanfront dreams:

Explore Maui's Oceanfront Listings Now

About Gray Marino: My name is Gray Marino, and I'm a Realtor here on Maui with 18 years of experience in the real estate industry, primarily in the Title & Escrow sector. This deep understanding of the intricacies of real estate transactions in Hawaii allows me to provide expert guidance to my clients. If you have any questions or would like to explore the Maui real estate market further, feel free to reach out to me:

• Cell: 808-745-7445
• Email: Gray@GrayMarino.com
• Website: www.GrayMarino.com