Kaanapali Real Estate Market Report November 2025 It’s no secret that Ka’anapali is one of the best resort areas in the world. Located on one of the most beautiful stretches of beach in all of Hawaii, Ka’anapali is a little slice of paradise on an island resort with a wide range of property options, including gated, luxury single-family homes in neighborhoods like Lanikeha and Ka’anapali Coffee Farms, oceanfront condominiums like the Whaler, and longer-term residential condominiums like the Masters. The past two years have been a bumpy ride for the Maui real estate market. Fortunately, Ka’anapali has fared better than most areas around the island, and values have not taken as big a hit as other areas. Ka’anapali continues to deal with a range of challenges in the wake of the 2023 Lahaina fire, including higher mortgage rates, rising HOA fees and lower STR occupancy rates. All of this has weighed heavily on buyer demand and, in turn, on values and closed sales. But the market may finally be bottoming out as we enter Maui’s traditionally busier winter buying season. Kaanapali has seen a year-over-year decline in average condo sales prices, while home sales prices have increased by 14. Ka’anapali Condos Median Sales Price Ka’anapali Median Sales Price for Single Family Homes Closed Homes and Condos in Ka’anapali The Luxury Residential Market in Kaanapali During 2025, the residential sector of the Kaanapali real estate market has seen 19 closed sales ranging from 1.9 million to 7.6 million, resulting in an average sales price of 4.4 million. Ka’anapali’s housing market has been remarkably resilient amid declining prices in the condo category and other parts of the market. One reason the luxury home market in Ka’anapali has remained strong is that Lanikeha, the newest luxury neighborhood, has had some great newer homes on the market that have inspired buyers to take action. Buyers have remained focused on finding move-in ready homes with high-end finishes and pools. Lanikeha has all these things. Ka’anapali Condo Market Through October 2025, 57 condos have been sold 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 $1.62 million, with an average price of $1.15 million. Values in the Ka’anapali apartment market have fallen due to lower occupancy rates and lower nightly rates in the short-term rental complexes, combined with rising HOA costs due to rising insurance premiums. Even hotel apartments, which are not affected by the proposed ban on apartment STRs, have seen a decline, providing opportunities for buyers to get in at better prices.
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