Aloha, All,

 

We’re starting a new month with about 100 luxury-class homes for sale on Maui, beginning around $4M and topping out near $38M. There are only four pending sales in that entire range, and the average days on market is 156 days.

So there’s no shortage of options for ready, willing, and able buyers.

 

Closed Sales

 

Kaanapali | Lanikeha
467 Anapuni Loop
4 bd | 5 ba | 3,846 sf | ohana: no | 0.71 ac | mountain/ocean view
Sold Price: $5,500,000 – Owner Carry (PMM) | List Price: $5,995,000

This was the third time this property came to market. It went under contract at $5,995,000 after 46 days and ultimately closed at about 8% below list price.

 

Kihei | Kamaole Beach I
2274 S Kihei Rd
6 bd | 6 ba | 3,025 sf | ohana: no | 0.19 ac | beachfront
Sold Price: $5,700,000 – Cash | List Price: $6,900,000 | Original: $7,500,000

This direct beachfront home closed as a cash transaction after a substantial price adjustment. It appears a significant renovation was anticipated and priced into the deal.

 

Pending Sales

 

None this week.

Buyers are active, but they are taking their time and being selective.

 

Price Reductions

 

Wailea Golf Estates | Wailea
192 Halau Pl
3 bd | 3.5 ba | 3,808 sf | ohana: no | 0.37 ac | mountain/ocean view
Current Price: $6,750,000 | Original: $7,495,000

This is the first price reduction for this extensively renovated home and it was a major one. At the new price, it now sits squarely in the middle of the active Wailea Golf Estates listings.

 

Molokai | Papohaku
3036 Kalua Koi Rd
2 bd | 2.5 ba | 3,794 sf | ohana: yes (2/2, 960 sf) | 5.9 ac | beachfront/ocean view
Current Price: $4,350,000 | Original: $4,780,000

This is the first price reduction and the second time on the market for this Molokai west side beachfront home. It features photovoltaic power and a saline pool and has been on the market about 89 days.

 

New Listings

 

Spreckelsville
462 Laulea Pl
2 bd | 2 ba | 1,165 sf | ohana: yes (1/1 cottage) | 0.23 ac | ocean view
List Price: $4,888,000

A smaller home with a cottage on a gated quarter-acre lot. Photos look dated, but the property appears to have upside.

 

Wailea
3943 Wailea Ekolu Pl
3 bd | 4 ba | 4,325 sf | ohana: no | 0.3 ac | ocean view
List Price: $5,425,000

First time on the market since its 2014 sale at $3.15M.

 

Kapalua
300 Mahana Ridge St
4 bd | 4.5 ba | 3,156 sf | ohana: no | 1.3 ac | ocean view
List Price: $5,950,000

Built in 2021 and located in Kapalua’s newest neighborhood. Previously listed as high as $8.5M without selling.

 

Wailea Golf Estates
3977 Wailea Ekolu Pl
4 bd | 6 ba | 4,079 sf | ohana: no | 0.3 ac | ocean view
List Price: $7,200,000

Completely reimagined in 2022. Last sold in 2024 for $7,559,000 and briefly remarketed in late 2025.

 

Cancelled / Expired Listings

 

Launiupoko | Makila Ranch
147 Haniu St (“Blue Makai”)
8 bd | 7.5 ba | 5,476 sf | ohana: no | 8.0 ac | ocean view
Last List Price: $5,750,000

Offered via online auction after a dramatic repricing from $11.5M. The auction reserve was reportedly met, making the cancellation somewhat puzzling.

 

Olowalu Makai
11499 Honoapiilani Hwy
3 bd | 3 ba | 3,030 sf | ohana: no | 5.9 ac | oceanfront
List Price: $16,900,000

Cancelled after just 45 days on market. An exceptional six-acre oceanfront setting with development potential.

 

Our Take

 

This was an interesting week. Two solid sales are encouraging, but the lack of new pendings tempers that optimism. Most sellers don’t appear to be in a hurry to adjust pricing.
It’s still early in the season. We’ll be watching days on market and price reductions closely as we move through February.