About Lahaina's Ritz-carlton Residences At Kapalua Bay

The Ritz-Carlton Club and Residences®, Kapalua Bay: Maui Real Estate Market Update

The Ritz-Carlton Club and Residences®, Kapalua Bay, is Maui's newest luxury condominium development. First opened in 2009, the property is comprised of 62 fractional residences and 84 wholly-owned residences.

The market has picked up at the Residences, as it has across the high end of the Kapalua Resort, with two closings, each at $3,300,000. Both are 3B/3.5B plus den floorplans, oceanfront, and sold for approximately $1136/sq. ft.

The following is an overview of the whole ownership sales history: Exclusive Resorts, as a partner in the development, purchased 15 of 84 the wholly-owned condominium residences for a total of $56,574,390. Since the release a total 11 additional residences have sold to private parties. The average sale price of these residences, excluding the Exclusive Resorts purchase, is $4,070,953 or $1343/sq. ft.

For more information on the Ritz-Carlton Residences®, Kapalua Bay or any other Kapalua property, please don't hesitate to contact me.

I’m often asked what the Ritz-Carlton Club® and Residences, Kapalua Bay are like. So on a beautiful day here in Kapalua, I took a walk through the property and photograph the grounds and the model villa. I posted a video tour on YouTube, set to music by a childhood friend, Grammy award winning musician, Jeff Peterson. (I suppose this is as good a time as any to apologize to him for locking him and his brother in a closet when we were three).

The Ritz-Carlton Club® and Residences are Kapalua’s newest residential development. Set on 21 oceanfront acres overlooking Kapalua Bay, the property is comprised of 84 wholly owned condominium residences and 62 fractional residences. The whole ownership villas range from 3000-4000 sq. ft., and sales this year have ranged from $3,300,000 to $5,735,000.

For more information on the Residences or any Maui real estate, please don’t hesitate to contact me.

The Ritz-Carlton Residences, Kapalua Bay: Maui Real Estate Market Update

The Ritz-Carlton Residences, Kapalua Bay are Maui's newest luxury real estate development. Overlooking Kapalua Bay, and situated on 21 oceanfront acres in the resort, this is one of the most beautiful locations in the islands. The picture above was taken from the lanai of one of the Residences. Completed in the summer of 2009, the property is comprised of 84 wholly owned condominium residences and 62 fractional residences, which are managed by the Ritz-Carlton Club and Residences.

Contact me for a complete list of available developer properties. In addition, while there is developer inventory remaining, as of this post, there are also two resales available in MLS listed at $4,250,000 and $4,500,000.

The most recent closing is 1503 at $5,735,000, which occurred this past week, on 8/24/2010. A summary of MLS activity follows. In addition to the sales detailed below, please note that Exclusive Resorts closed on 15 Residences in a bulk sale in 2009.

The Ritz-Carlton Residences, Kapalua Bay: Rentals Now Available

Where can I find a rental at the Ritz-Carlton Residences, Kapalua Bay? I've noticed that this is one of the most searched topics on my website, so I thought I'd look into it. As Kapalua's (and Maui's) newest luxury condominium community, the Residences just opened this summer. With stunning views of Molokai and one of Maui's loveliest beaches, these three and four bedroom residences are bound to be sought after vacation rentals.

At the time of this posting, only one company has gone through the vetting process required by the Homeowner's Association, and is now managing rentals at the Residences: Tropical Villa Vacations. www.tropicalvillavacations.com

They have posted several pictures of the villa that they are currently managing, which will give you a great sense of the property. For more information, please contact 888-875-2818 x 203, 205, or 206. Please let them know I referred you!

For more information on pricing and availability of the condominiums for sale at the Ritz-Carlton Residences, Kapalua Bay, please visit www.LuxuryRealEstateMaui.com/the-residences.asp