The Honua Kai Resort and Spa offers an enviable location, beachfront on one of the most sought-after beaches in the world. However, even within a luxury Kaanapali resort such as Honua Kai, it is inevitable that there will be significant variance in available view corridors. Floor level is critical aspect in assessing a units view corridors, as although a lower unit such a Hokulani 150 may have obstructed partial ocean views as it overlooks the Duke's roofline, the same stack 3 floors higher would have simply stunning ocean views. And as one of the most common questions we hear from our clients is "How are the views from that unit", let us take a look at the map below for general orientation.

Premium Views

As mentioned previously, floor level is

We are please to report that the highly-anticipated grand opening on the Hoola Spa (click here) at Honua Kai took place on September 13th, with the Grand Opening scheduled for September 28th. With the perfect mix of sea and earth-inspired spa treatment, paired with Hawaii's luxury beauty brand: Malie Organics (found locally at The Bikini Market). Not only does it enhance the owner experience but it could easily be argued that it may help increase long-term values of Honua Kai condos.

Introducing the first salt room on Maui, it is a revolutionary treatment for skin and respiratory conditions. Spa treatments include massage therapy (from Lomi lomi, to Swedish, to Sports, to Deep Tissue, and many more), body care, skin treatments, and exclusive

As the Maui real estate market moves into the 'slow season', it can produce great opportunities for savvy buyers to find equally motivated sellers. Thus, it is important to have a strong sense of micro-market conditions and with a special emphasis on Honua Kai and its surrounding Kaanapali real estate market, we diligently watch sales activity to resonate the latest trends. 

So with that said, let us take a look at the week ending on September 13th.

New Listings

Since our last weekly Honua Kai update, one new listing came on the MLS: Honua Kai Hokulani 150. One of the prized, front-row 3 bedroom units, it is being sold furnished (rarely are the 3 bedroom condos offered furnished). It has undergone some landscaping to make it more private and

As the Honua Kai market activity continues - although it can be reasonably expected that there will be a slow downturn during the slow season - we maintain our pulse in the market. Noteworthy events for the week:

*  3 New Listings - This week saw the introduction of Hokulani 528 - 1 bedroom / 1 bathroom listed for $620K - Hokulani 930 - 1 bedroom / 1 bathroom listed for $730K - and Konea 840 - a large 2 bedroom / 2 bathroom with an asking price of $1.15M.

*  1 Escrow - Konea 605, which is a large 2 bedroom / 2 bathroom unit of over 1,300 square feet with unobstructed ocean views in the inner courtyard of Konea is now 'Pending'.

As always, view all Honua Kai condos for sale listed on the MLS and see below all available developer inventory

With an increasing interest by potential buyers in what has become one of the hottest micro-markets in Hawaii, Honua Kai condos for sale are being absorbed at a rapid pace. And the Honua Kai developer inventory still presenting attractive incentives, understanding the purchase process of developer units will benefit any interested parties. As such, let us explain in further detail:

Offer

The first step in presenting an offer is to submit a Letter of Intent (LOI), which details sales price, breakdown of funds, closing timeline, contact information, and any other relevant special terms. If the seller accepts the terms/conditions on the LOI, the buyer is then afforded the opportunity to review the public reports and the sales contract.

In keeping up with the Honua Kai micro-market, our clients expect (and deserve) to receive real-time data. In an effort to be transparent and provide as much timely information as feasible, we will be implementing weekly updates until all developer inventory has been absorbed. First, let's keep in mind that the developer inventory is NOT listed on the MLS, so let us take a look at the most recent, updated list of developer units for sale at Honua Kai:

Hokulani Developer Condos For Sale

*Note: The Honua Kai micro-market continues to evolve. This article was originally written in 08/2013 based on then-current conditions. To better reflect the market, this post has been updated/edited in 02/2020. Periodically, we will update this post but contact us for specific information*

With more and more attention by potential investors in purchasing condos for sale at Honua Kai, one of the main questions (if not THE most critical) boils down to profitability. First, let us state the obvious: Maui is a strong long-term equity market, not a short-term cash flow market. Thinking of putting 20% down for a 12 cap rate? Then Maui is not a viable option. But if one is considering investing long-term and seeing appreciation that oftentimes far outpaces

Overview   |   Sales History   |   Analysis   |   Current Trends   |    Conclusion

Since its introduction as the first Fee Simple beachfront property in Ka'anapali in over 25 years, Honua Kai has been the subject of significant coverage. And with its unique value proposition as a worldclass luxury resort with one of the best beaches in the world at its backyard, Honua Kai has been a prime target for savvy buyers looking for the perfect mix of business and pleasure: investing in a vacation property capable of generating substantial rental income.

Honua Kai Overview

With high-end finishes, a seamless integration of outdoor/indoor living, impeccably kept grounds, and amenities worthy of a 5 star hotel, Honua Kai offers real estate ownership

As one of the hottest micro-market in Maui real estate, Honua Kai has garnered the attention (rightfully so) of potential buyers looking for strong investment properties with a reputation as a comparatively high-producing short term rental in Kaanapali. Where many buyers see difficulty is in financing, due in large part to the lack of available information. 

As per one of the leading loan officers at one of the prefered lenders, the following are relevant criteria buyers need to keep in mind:

For the diligent buyer who has been attentively watching the Honua Kai market, it is critical to note that developer inventory is NOT included in the MLS list of Honua Kai Condos For Sale. As such, it is important to reconcile available data from the MLS (resales) and new sales, as available below:

Hokulani Condos For Sale