Mauna Kea Resort & Kohala Coast 2025 Mid-Year Market Recap

The first half of 2025 has brought a noticeable cooling in the broader Big Island residential market compared to the same period in 2024, offering buyers more opportunities while nudging sellers to recalibrate expectations. In West Hawai‘i, through mid-year 2025, 613 homes have closed, a 7.4% decrease from the same period last year. Active listings on the west side of the Big Island have surged to 620 properties, up 63.2% from 380 last year. Homes are also spending longer on market, an average of 81 days compared with 62 days in the first half of 2024, a 30.6% jump, underscoring that buyers are taking their time and sellers may need to be more patient.

Looking specifically at Mauna Kea Resort through the first two quarters of 2025, activity remains robust. There were 20 closed sales, a 5% increase over the 19 recorded in Q1–Q2 2024 and more than double the nine sales seen in the same period of 2023. The average sales price climbed to $5.38 million, up 24% year-over-year from $4.34 million, and total sales volume reached $108 million—32% higher than last year’s $82 million. This combination of rising prices and steady sales suggests that well-positioned luxury properties continue to attract deep-pocketed buyers despite the broader market’s softness.

In South Kohala—encompassing Mauna Kea Resort, Mauna Lani Resort, Waikoloa Beach Resort, and Waimea—patterns are mixed depending on price point. For homes selling above $1 million, there were 107 closings in Q1–Q2 2025, a 10% drop from 119 last year, whereas sales above $3 million ticked up by 8% to 27 transactions (versus 25 in 2024). Average closing prices across all South Kohala properties rose 7% to $1.789 million, compared to $1.676 million a year ago, even as total dollar volume dipped 4% to $356 million (from $370 million).

Taken together, the data reflect a market in gentle transition: overall demand has softened, inventory is building, and days on market are lengthening, but select segments, especially ultra-luxury, remain competitive. Buyers now have more leverage, and sellers are wise to price and position their homes in line with evolving conditions.

Looking ahead to Q3, buyers and sellers may need to make mutual concessions in order to get deals across the finish line. While activity slowed toward the end of Q2, we expect both sides to continue adjusting to current market conditions. With price sensitivity remaining a key factor for buyers, motivated sellers in some areas may need to consider price reductions to remain competitive as we progress through the third quarter.

Please find below a summary of the sales data for your reference:

Mauna Kea Resort Sales

• 2025 Q1 & Q2:   20 Sales       (5% Increase Year-Over-Year) 
• 2024 Q1 & Q2:   19 Sales        
• 2023 Q1 & Q2:     9 Sales
• 2022 Q1 & Q2:   54 Sales      
• 2021 Q1 & Q2:    39 Sales
• 2020 Q1 & Q2:   20 Sales

Mauna Kea Resort Average Sales Price

• 2025 Q1 & Q2:   $5.38M       (24% Increase Year-Over-Year) 
• 2024 Q1 & Q2:    $4.34M         
• 2023 Q1 & Q2:    $2.70M
• 2022 Q1 & Q2:    $3.49M   
• 2021 Q1 & Q2:     $2.85M
• 2020 Q1 & Q2:    $2.96M

Mauna Kea Resort Total Sales Volume:

• 2025 Q1 & Q2:  $108M         (32% Increase Year-Over-Year) 
• 2024 Q1 & Q2:   $82M         
• 2023 Q1 & Q2:   $24M
• 2022 Q1 & Q2:   $188M    
• 2021 Q1 & Q2:    $111M
• 2020 Q1 & Q2:   $59M

Kohala Coast Sales Above $1M (District of South Kohala)

• 2025 Q1 & Q2: 107 Sales      (10% Decrease Year-Over-Year)
• 2024 Q1 & Q2:  119 Sales       
• 2023 Q1 & Q2:   80 Sales     
• 2022 Q1 & Q2:  166 Sales   
• 2021 Q1 & Q2:   154 Sales
• 2020 Q1 & Q2:   49 Sales

Kohala Coast Sales Above $3M (District of South Kohala)

• 2025 Q1 & Q2:  27 Sales       (8% Increase Year-Over-Year)
• 2024 Q1 & Q2:   25 Sales
• 2023 Q1 & Q2:    9 Sales        
• 2022 Q1 & Q2:   50 Sales   
• 2021 Q1 & Q2:    31 Sales
• 2020 Q1 & Q2:   14 Sales

Kohala Coast Average Sales Price (District of South Kohala)

• 2025 Q1 & Q2:  $1.789M     (7% Increase Year-Over-Year)
• 2024 Q1 & Q2:   $1.676M       
• 2023 Q1 & Q2:   $1.092M     
• 2022 Q1 & Q2:   $1.523M             
• 2021 Q1 & Q2:    $1.190M
• 2020 Q1 & Q2:   $902K

Kohala Coast Total Sales Volume (District of South Kohala)

• 2025 Q1 & Q2: $356M         (4% Decrease Year-Over-Year)
• 2024 Q1 & Q2:  $370M    
• 2023 Q1 & Q2:  $249M
• 2022 Q1 & Q2:  $550M     
• 2021 Q1 & Q2:  $587M
• 2020 Q1 &Q2:  $248M

Below please find the Mauna Kea Resort’s Mid-Year Real Estate Market Update highlighting recent sales, resort offerings and the latest update on the Mauna Kea Beach Hotel Renovations. I hope you find this information interesting and helpful.

2025 Q1 – Q2 Sales:

There were twenty (20) sales within Mauna Kea Resort in the first half of 2025. (Click Here) to view detailed information on the Q1 & Q2 sales within Mauna Kea Resort.

Legacy Offering in Mauna Kea Resort:

The first new construction in Mauna Kea Resort’s South Fairways in 25 years. Over 6 years in the making and spotlighted by The Wall Street Journal, Hale Koa Kea is a singular architectural achievement, one of the most unique properties on the Kohala Coast. Inspired by Ludwig Mies van der Rohe’s 1929 Barcelona Pavilion, the 4,700 SF house consists of two wings connected by 120-ft-long white sandstone and glass gallery. In addition to serving as a entertaining reception space, the gallery also graciously separates the home’s three ensuite guest suites from the owner’s quarters.

The masterful siting of the residence allows for some of the finest sweeping views of the Kohala Coast in all of Mauna Kea Resort. The home boasts stunning 180-degree ocean and coastline views, perfectly positioned to enjoy mesmerizing sunsets year-round.

The heart of the home is the spectacular living hale, with soaring 12’ glass walls, an open kitchen, and expansive seating area with floor-to-ceiling ocean vistas. Designed for intimate entertaining, the living hale flooring extends out to the patio and infinity pool. The primary suite features floor-to-ceiling glass walls, seamlessly blending the indoor and outdoor living spaces. Expansive sliding glass doors lead to an infinity pool that appears to merge with the vast Pacific Ocean. The luxurious primary bathroom opens to an outdoor shower and lounge area through elegant bifold doors.

This turn-key estate is impeccably furnished with a curated collection of vintage and modern pieces. Highlights include three signed original John Kelly works and restored mid-century lighting fixtures including a Murano glass Seguso ball chandelier. Every element has been handpicked to create a space that is both stunning and functional, offering an unparalleled blend of luxury, privacy, and connection to nature. Hale Koa Kea is truly a legacy property, setting a new standard for architectural excellence in Hawaii. (Click Here) to view the MLS property details for this spectacular offering and view the website at www.halekoakea.com.

For a Complete List of Condominiums and Residential Properties Currently Available at the Mauna Kea Resort (Click Here).

For a Complete List of Vacant Land Properties Currently Available at the Mauna Kea Resort (Click Here).

Update on the $200-Million Revitalization of Mauna Kea Beach Hotel

The resort’s renovation is taking place in two phases:

• Phase One renovations at Mauna Kea Beach Hotel are now complete, and the Main Tower has reopened following an extensive refresh of its guest rooms, suites, main lobby, retail shops, and the Mauna Kea Market. Phase Two of the renovation will include the accommodations in the Beach Wing, spanning four floors, all with spectacular ocean views, along with the addition of a new fitness center, spa, and adults-only pool. Work on remodeling of the Beach Wing began in February 2025 and is expected to take approximately 6–7 months.

Dining During Renovation:

• Number 3: Closed indefinitely during the renovation.
• Manta & Copper Bar: Renovations are now complete, and both venues are fully open for reservations.
• Hau Tree: Open for service as an open-air restaurant, while its kitchen and bar areas undergo renovation.

Additional Updates:

• Resort Pools: The resort pool is currently being upgraded, with enhancements including an expanded chaise lounge area and a newly relocated jacuzzi. The new jacuzzi will offer a front-row view of Kauna‘oa Bay from its spot near the Family Pool. A new infinity-edge lap pool will also be added to the wellness center in front of the Main Tower. Both hotel pools are anticipated to open by Q4 of 2025.
• Oceanfront Fitness Center: A new, state-of-the-art fitness center is on the way, designed to elevate the guest wellness experience with modern equipment and an energizing atmosphere.
• Mauna Kea Golf Course: After closing on April 15, 2024, for significant upgrades to its fairways, greens, and bunkers, the course has now reopened.
• Fitness Center: Access remains uninterrupted. Once the new Spa Wellness Center is complete, the fitness center will relocate to its new, upgraded space.

It is an exciting time at Mauna Kea Beach Hotel, and I will be sure to keep you posted with live updates as the transformation continues.