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

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Short Term Rental

$1,475,000

↓ $50,000

Whaler 257

2481 Kaanapali Pkwy 257, Kaanapali

1 Bed 2 Baths 905 SqFt Residential MLS® # 409476

Days on Market: 136

Keith Eugene Paulsen

Short Term Rental

$1,349,500

Kaanapali Plantation 36

150 Puukolii Rd 36, Kaanapali

2 Beds 2 Baths 1,152 SqFt Residential MLS® # 406133

Days on Market: 470

Berkshire Hathaway Maui Prop-L Cell: 808-280-7061

$1,395,000

↓ $104,000

Masters 901

50 Puu Anoano St 901, Kaanapali

2 Beds 2 Baths 1,512 SqFt Residential MLS® # 409365

Days on Market: 146

Island Sotheby's International Realty(L) Cell: 808-757-5996

Short Term Rental

$1,299,000

Honua Kai - Konea NR314

130 Kai Malina Pkwy Nr314, Kaanapali

1 Bed 1 Bath 690 SqFt Residential MLS® # 409343

Days on Market: 148

Maui Westside Properties

$1,300,000

Masters 2206

50 Puu Anoano St 2206, Kaanapali

2 Beds 2 Baths 1,728 SqFt Residential MLS® # 409327

Days on Market: 151

Coldwell Banker Island Prop-KP Cell: 808-283-3067

Short Term Rental

$1,088,000

Kaanapali Shores 423

3445 Lower Honoapiilani Rd 423, Kaanapali

2 Beds 2 Baths 964 SqFt Residential MLS® # 409324

Days on Market: 150

Century 21 Island Homes

$1,100,000

↓ $75,000

Masters 1904

50 Puu Anoano St 1904, Kaanapali

2 Beds 2 Baths 1,512 SqFt Residential MLS® # 407217

Days on Market: 356

Coldwell Banker Island Prop-KP Cell: 808-283-3067

In Escrow Short Term Rental

$1,494,000

↓ $1,000

Whaler 670

2481 Kaanapali Pkwy 670, Kaanapali

1 Bed 2 Baths 905 SqFt Residential MLS® # 409226

Days on Market: 160

Keller Williams Realty Maui-Ka Cell: 808-265-4420

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.

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• kaanapali (30)
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• kaanapali condos (2)
• whaler (2)
• kaanapali homes (2)
• luana garden villas (2)
• plantation (1)
• lanikeha (1)
• pinnacle (1)
• el dorado (1)
• masters (1)
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