About Lahaina's Kapalua Bay Villas

My listing partner, Rob Shelton, and I are pleased to announce the listing of Bay Villa 31B3,4. This beautifully renovated, ocean view two bedroom villa overlooks the pacific ocean and has views of the neighbor island of Molokai and along the north coast out to Honolua Bay. This property is offered beautifully furnished at $1,495,000.

The Kapalua Bay Villas community overlooks Oneloa Bay and has direct access to the sandy beach and the Kapalua Coastal walking trail. Comprised of 141 villas on approximately 16.5 acres, the Bay Villas amenities include three swimming pools, barbecue facilities, and tennis courts.

At the time of this post, there are 22 active listings: 15 one bedroom villas, ranging from $699,000 to $1,425,000 and 7 two bedroom villas, ranging from $1,495,000 to $1,895,000.

In 2011, there were 8 sales at the Kapalua Bay Villas, with an average list price of $943,100 and an average sale price of $846,787. Prices are reflective of interior condition and location, as there are both ocean view and oceanfront listings at the Bay Villas.

Recent Kapalua Bay Villas Sales Activity (2011 to present):
24B1-2 2B/3B $1,333,300
12G4 1B/1B $625,000
33G1 1B/2B $597,000
20G4 1B/1B $644,000
14G3-5 2B/3B $1,225,000
17B4 1B/1B $600,000
21B4 1B/1B $1,225,000
11G1 1B/1.5B $525,000

For more information on the Bay Villas, the Kapalua Resort or any other West Maui properties, please don't hesitate to contact me.

The Bay Villasare situated on over 16 oceanfront acres in the heart of the Kapalua Resort. With direct beach access to Oneloa Bay, the Bay Villas are comprised of 141 one and two bedroom villas, in 27 buildings.

With three of the four sales that have closed in the Kapalua Resort, the Bay Villas have seen the bulk of the 2011 real estate activity. Since January, the following have recorded:
24B1,2 an Ocean View 2B/3B villa $1,333,300
12G4, a "Gold" Ocean View 1B/1B at $625,000 (Short Sale)
33G1, an upgraded Ocean View 1B/2B at $597,000 (REO)

Looking at historical figures, the recent sales are similar to those in 2003-2005, well before the market peak in 2007.

As of this post, there are 24 Bay Villas listed for sale, with one bedroom villas ranging from $575,000 to $1,475,000 and two bedroom villas ranging from $1,650,000 to $2,150,000.

For more information on the Bay Villas and any other Kapalua property, please don't hesitate to contact me.

Foreclosure Tuesday

11/30/2010

The following properties have been foreclosed upon by their respective lien holders.

1. 25 Waipaa Lane 44-101 Wailuku, HI 96793 Iao Parkside for the sum of $144,405.07
2. 30 Hauoli Road #412 Wailuku, Hi 96793 Maalaea Yacht Marina condominium for the sum of $85,730.30
3. 163 West Ikea Kai Place Kihei, HI 96753 for the sum of $1,833,620.04
4. 170 Ponana street Kihei, HI 96753 for the sum of $660,000.00
5. 317 Aulike street Lahaina, HI 96761 for the sum of $350,000.00
6. 500 Bay Drive #34B Lahaina HI. 96761 Kapalua Bay Villas for the sum of $1,275,000.00
7. 512 Kaiolohia street Kihei, HI 96753 for the sum of $546,827.50
8. 4955 Hanawai street #2-101 Lahaina, HI 96761 Napilihau Villages for the sum of $370,656.87

If you have any questions what so ever on Maui foreclosures, call me directly and I have the inside scoop as I attend the auction everyday.

I am pleased to announce the latest sale in the Kapalua Resort. My listing at the Bay Villas 21G5 is an oceanfront, townhouse floorplan one bedroom/two bathroom. Listed at $1,100,000, the villa closed escrow at $1,065,000.

The Bay Villas are comprised of 141 oceanfront and oceanview villas, with 22 villas currently listed for sale. Pricing ranges from $795,000 to 1,995,000 for one bedroom Bay Villas, and $1,549,000 to $2,195,000 for two bedroom floorplans.

Maui's 23,000 acre Kapalua Resort is currently home to seven condominium communities and four residential communities. While they all share in the resort's extensive amenities, each community has it's own unique character and charm.

Today I'd like to focus the spotlight on the Kapalua Bay Villas, which are one of Maui's lovieliest oceanfront communities. These low rise condominium residences are nestled on 16.5 oceanfront acres, perched on the rocky cliffs above the white sand beach of Oneloa Bay. Each of the 27 buildings is home to one and two bedroom floorplans, many with spectacular ocean and island views. There are a variety of options to suit your needs: from one and two bedroom townhome style floorplans to single level living. Residences range from approximately 1200 to 2000 sq. ft. (including outdoor lanai space). Amenities include three private swimming pools, tennis courts, and covered recreation/barbecue facilities.

The Bay Villas were originally built in 1977, and since that time, we have seen many modifications to the buildings and floorplans (with board, KapaluaResort Association, and county approvals required). With the market boom over the past few years, many new owners have completely renovated their Bay Villas. In 2007, the Kapalua Villas, the onsite resort rental management program, launched the Kapalua Gold Collection. These premier accommodations are luxuriously appointed according to the program's elegant design standard.

The Kapalua Bay Villas is comprised of 141 condominiums. Today there are 27 active Kapalua Bay Villa listings, ranging from $899,000 to $2,695,000. The average list price per sq. ft. is $1,434 and the average listing has been on the market for 265 days. Since January, 2008 there have been five sales. The average sale price was $1,435,000, or $1,275 per sq. ft., and the average listing spent 275 days on the market.

In reading the comments to my previous blog entries, there was a request for more photos. Enjoy!

This photo was taken on one of our typical Maui days, from the lanai of an oceanfront Bay Villa, looking toward the Ironwoods. Oneloa Bay is a wonderful spot for kite surfing, and they were out en masse the day I took this photo.

This photo taken from Kapalua Bay Villa 34B3. I loved how it feels like you are the captain of a ship, from the comfort of your living room.

Imagine, lounging on the Lanai of Kapalua Bay Villa 23B1 and enjoying this view every day.

Some information for this post was taken from the RAM's MLS system on 9/23/08 and is believed to be accurate, but should not be relied upon without independent verification.