Kaanapali Real Estate Market Report

Kaanapali Real Estate Market Report November 2025

It's no secret that Ka'anapali is one of the best resort areas anywhere in the world. Located on one of the most beautiful stretches of beach in all of Hawaii, Ka'anapali is a small slice of island resort paradise featuring a wide variety of ownership opportunities, including gated, luxury single-family residences in neighborhoods like Lanikeha and Ka'anapali Coffee Farms, oceanfront vacation rental condominium complexes such as the Whaler, and longer-term, residential condo complexes like the Masters. 

The last two years have been a bumpy ride for the real estate market on Maui.  Fortunately, Ka'anapali has fared better than most areas around the island, and values haven't taken as large a hit as other areas. Ka'anapali continues to navigate a range of challenges in the aftermath of the Lahaina fire in 2023, including higher mortgage rates, rising HOA fees, and lower STR occupancy rates. All of which have weighed heavily on buyer demand and, in turn, values and closed sales. 

But the market may finally be bottoming as we enter the traditionally busier winter buying season on Maui. Kaanapali has seen a roughly 16% year-over-year decline in median condo sale prices, while residential sale prices are up 14%. 

Ka'anapali Condos Median Sales Price

Ka'anapali Single-Family Median Sales Price

Closed Homes and Condos in Ka'anapali

The Luxury Residential Market in Kaanapali

Throughout 2025, in the residential sector of the real estate market in Kaaanapali, there have been 19 closed sales, ranging from 1.9M to 7.6M, that resulted in a median sold price of 4.4M. The Ka'anapali residential market has been remarkably resilient amid falling prices in the condo category and other areas of the market.

One reason the luxury home market in Ka'anapali has stayed strong is that Lanikeha, the newest luxury subdivision, has had several great newer homes on the market that have inspired buyers to act. Buyers have remained focused on finding move-in-ready homes with high-end finishes and pools. Lanikeha has all of these things. 

Ka'anapali Real Estate For Sale

Bedrooms

Bathrooms

Price Range

Save Search

Sort by:

Newest First

$1,999,000

Masters 3404

50 Puu Anoano St 3404, Kaanapali

2 Beds 2.5 Baths 1,850 SqFt Residential MLS® # 409731

Days on Market: 112

Berkshire Hathaway Maui Prop-L

$3,200,000

Honua Kai - Hoku Lani SR409

130 Kai Malina Pkwy Sr409, Kaanapali

2 Beds 2 Baths 1,300 SqFt Residential MLS® # 409696

Days on Market: 114

Susan Jackson Real Estate Cell: 865-206-1234

Short Term Rental

$1,090,000

Whaler 418

2481 Kaanapali Pkwy 418, Kaanapali

0 Beds 1 Bath 542 SqFt Residential MLS® # 409639

Days on Market: 119

Berkshire Hathaway Maui Prop-L

Short Term Rental

$1,799,000

Honua Kai - Konea NR326

130 Kai Malina Pkwy Nr326, Kaanapali

2 Beds 2 Baths 1,285 SqFt Residential MLS® # 407720

Days on Market: 306

The Agency Maui Cell: 808-344-5575

Short Term Rental

$1,095,000

Kaanapali Plantation 12

150 Puukolii Rd 12, Kaanapali

2 Beds 2 Baths 1,152 SqFt Residential MLS® # 409604

Days on Market: 124

Keller Williams Realty Maui-Ka Cell: 808-276-6473

Short Term Rental

$2,399,000

↓ $100,000

Kaanapali Shores 201

3445 Lower Honoapiilani Rd 201, Kaanapali

2 Beds 2 Baths 1,507 SqFt Residential MLS® # 409580

Days on Market: 127

Keller Williams Realty Maui-L Cell: 808-870-2525

Short Term Rental

$1,649,000

↓ $150,000

Whaler 420

2481 Kaanapali Pkwy 420, Kaanapali

1 Bed 1 Bath 901 SqFt Residential MLS® # 409535

Days on Market: 132

Maui Westside Properties

$1,199,900

Kaanapali Plantation 15

150 Puukolii Rd 15, Kaanapali

3 Beds 2.5 Baths 1,545 SqFt Residential MLS® # 409493

Days on Market: 136

Keller Williams Realty Maui-L Cell: 808-280-8986

View 8 More Listings

Ka'anapali Condo Market

Through October of 2025, there have been 57 condo sales in Ka'anapali, ranging from $285,000 for a leasehold condo at Ka'anapali Shores to $6,000,000 for one of the very best units at Ka'anapali Alii on Ka'anapali Beach. The average sales price for a condo in Ka'anapali in 2025 was $1.62M, with a median price of $1.15M. 

Values have been declining in the condo market in Ka'anapali due to lower occupancy and lower nightly rates in the short-term rental complexes, combined with increasing HOA fees due to rising insurance premiums. Even the hotel-zoned condos, unaffected by the proposed ban on apartment-zoned STRs, have seen declines, creating opportunities for buyers to get in at better prices. 

Get In Touch With Evan!

Evan Harlow ranks among the best real estate agents on Maui annually and is in the top 1% of Coldwell Banker agents worldwide in production. Evan has the expertise, experience, and work ethic to help you achieve your real estate buying and selling goals. We promise exceptional service and support from the beginning of the process through closing and beyond. See what Evan's clients are saying on Google.

Tags

• kaanapali (30)
• west maui (10)
• honua kai (5)
• kaanapali alii (3)
• mahana (3)
• kaanapali condos (2)
• whaler (2)
• kaanapali homes (2)
• luana garden villas (2)
• plantation (1)
• lanikeha (1)
• pinnacle (1)
• el dorado (1)
• masters (1)
• summit (1)