Luxury Maui Real Estate (2024)

FAQs

What is the richest part of Maui? ›

The community of Kapalua can be found on the northwestern tip of Maui and is home to some of the most luxurious properties on the island. Whether you're looking for luxury houses by the beach or up on the hillside, you'll find your perfect home in Kapalua.

Market Statistics

Maui median sale price movement is mixed in July 2024, with the home price up 5% to $1,262,500 and the condo price down -6% to $799,000 from last year.

“Although Maui built a little bit of housing, that expansion is more than offset by vacation rentals taking those units off the market,” explained Tyndall. “So we really have no new supply of housing and huge demand. This shows up in very high prices and un-affordability.”

Oprah's first purchase of land in Hawaii was 100 acres in Kula, part of Maui's upcountry, in 2003. Maui's upcountry is a region of Maui that includes the volcano, Mount Haleakalā.

The richest city in Hawaii is Makaha Valley in Honolulu County with an average household income of $312,548 as of 2022. While exceptionally affluent, Makaha Valley only has a population of 158 as of 2023.

Maui, HI housing market

In June 2024, the median listing home price in Maui, HI was $1.3M, flat year-over-year. The median listing home price per square foot was $1.2K. The median home sold price was $1.3M.

Due to limited land availability in Maui coupled with demand for properties, it is expected that property values will continue to appreciate. Homeowners can anticipate their investments growing steadily over time presenting a long-term opportunity in real estate ownership on the island.

The cost of living in Hawaii varies widely across its islands, with Oahu, Maui, and Kauai being the most expensive, and Molokai, Lanai, and the Big Island's Puna District being the cheapest.

Oprah is perhaps the most famous celebrity that lives on Maui. She purchased the Thompson Ranch, a historic piece of property on Mount Haleakala with panoramic views of the ocean and the central valley of Maui. Oprah also purchased a 63 acre piece of land in Hana so no one could develop the land.

Who owns most of Maui? ›

Who owns most of Maui? No one entity owns most of Maui. The largest public land owners are the State of Hawaii, the US Federal government, Hawaiian Home Lands (held in trust by the state for native Hawaiians), and the County of Maui.

Bissen said the housing crisis stems from a “myriad of complex issues that have challenged our community for decades” and was exacerbated by approximately 12,000 people in 5,400 households being displaced by the Aug. 8 fires, resulting in about 4,000 people having already left Maui.

If you want a resort experience with world-class beaches, easy access to ocean excursions, and a few nearby hikes: West Maui is the perfect area to stay. If you have been to Maui before, and you want a more local, boutique experience, consider the North Shore (Paia) or East Maui (Hana).

Best Area To Stay In Maui

If you want a luxury hotel or resort, choose Wailea on the south side of Kaanapali on the west side. If you want a condo, choose Kihei on the south side or Honokowai-Kahana-Napili on the west side.

Kahala - Located on the eastern end of Diamond Head, this iconic elite neighborhood has some of the most expensive real estate on the entire island--think opulent mansions and oceanfront properties with unobstructed views.