The Mauna Lani Resort Real Estate Update for Q3 is for the beautiful resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort covers over 3,200 acres and contains 15 separate neighborhoods. From private oceanfront homes to secluded condos, there is something for every discerning buyer. The Mauna Lani Resort offers its residents two Championship Golf Courses, the Mauna Lani Beach Club, and a Spa and Fitness Center.
Also, within the resort are two luxury hotels, the Auberge Resort, Mauna Lani, and the Fairmont Orchid Hotel. Both hotels offer a wide variety of activities and dining options. The Shops at Mauna Lani is an open-air mall that consists of a selection of shops that include a mixture of famous brand names and local craftsmanship. The world-class, white sand beaches are also close by.
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At the time of this writing (Oct 1st), there were 9 single-family homes for sale in Mauna Lani Resort and 1 home in escrow. On the condo side there are 14 condos for sale, and 5 in escrow. Of the homes for sale, the highest priced one is listed at a cool $32,000,000 and is located at 68-1115 Honokaope Way in the 49 Black Sand community, while the highest priced condo on the market is Mauna Lani Terrace #D302 in Mauna Lani Terraces and is listed at $3,195,000.
At the other end of the spectrum, the lowest priced home on the market is at 68-1015 Hoe Uli Way, located in Nohea at Mauna Lani, and is listed at $4,600,000, while on the condo side, the lowest priced unit is currently for sale at $1,200,000. It is Unit #2106, in The Fairways at Mauna.
When it comes to sales in the 3rd Quarter, the time from July 1st until the end of September, there was just 1 single-family home sold, with 8 condos selling. The only home to sell went for $4,612,500 from a list price of $4,600,000 and is located at 68-1005 Hoe Uli Way in Nohea at Mauna Lani. The highest priced of the condos sold is in KaMilo at Mauna Lani, Unit #219, and it sold for $3,295,000, from a list price of the same amount. While the condo with the lowest sales price was The Fairways at Mauna Lani #401, which sold for $1,200,000 from a list price of $1,265,000.
Analysis: The Mauna Lani Resort Real Estate Update reveals that inventory levels for both single-family homes and condos have remained stable for all of 2024. The sales volume for single family-homes has remained extremely low for much of 2024, but condos sales have just recently declined, by about 50 percent over the last two quarters.
If you are looking to buy or sell a home in the Mauna Lani Resort, or anywhere on the Kohala Coast, contact me today. I will help make your Hawaiian Real Estate dreams a reality. If you enjoyed this update, read about other locations on the Kohala Coast on my Market Update Page. Mahalo
Mauna Lani Real Estate Update for Q3 2024 Highlights
- Number of homes currently for sale – 9
- Number of homes currently in escrow – 1
- Number of condos currently for sale – 15
- Number of condos currently in escrow – 5
- Highest priced home currently for sale – $32,000,000 68-1115 Honokaope Way, in 49 Black Sand
- Highest priced condo currently for sale – $3,195,000 Mauna Lani Terrace #D302
- Lowest priced home currently for sale – $4,600,000 68-1015 Hoe Uli Way, in Nohea at Mauna Lani
- Lowest priced condo currently for sale – $1,200,000 The Fairways at Mauna Lani #2106
- Number of homes sold in Q3 (July – Sept) – 1
- Number of Condos sold in Q3 (July – Sept) – 8
- Highest priced home sold in Q3 – $4,612,500 68-1005 Hoe Uli Way, Nohea at Mauna Lani
- Highest priced condo sold in Q3 – $3,295,000 KaMilo at Mauna Lani Point #219
- Lowest priced home sold in Q3 – None
- Lowest priced condo sold in Q3 – $1,200,000 The Fairways at Mauna Lani #401
If you enjoyed this update, you may like Kohala Real Estate Update for August 2024.