Mauna Kea Resort Q1 2024 Market Recap Latest Update: Mauna Kea Beach Hotel Begins $180 Million Renovation
The $180 million renovation project at Mauna Kea Beach Hotel is underway. Currently, the main tower, including the lobby, market, stores and 156 rooms, is closed for renovation. Guest reception has been relocated to Number 3 restaurant near the golf club house. The beach wing, comprising of 96 guest rooms to the south of the main tower, remains open for hotel guests.
Dining options include Manta for breakfast and dinner, Copper Bar for grab-and-go items and dinner, and Hau Tree for lunch. The Mauna Kea Golf Course is closed for a significant transformation led by Robert Trent Jones Jr. The redesigned course will combine the innovative designs of Robert Trent Jones Sr. and his sons Reese and Bobby Jr., offering a unique golfing experience
Exciting additions to the hotel include a destination spa and infinity pool with 11 treatment rooms, a full-service salon, and an upgraded fitness center. The renovation is set for completion in early 2025. Stay tuned for live updates on the progress.
As we advance into Q2 of 2024 on the Kohala Coast, it is evident that this year has started stronger than Q1 of 2023. The main obstacle in the resort housing real estate market along the Kona-Kohala Coast continues to be the limited availability of high-quality inventory. There is a positive trend in sales volume and sales above specific price thresholds, signaling a healthy real estate market in the Mauna Kea Resort and Kohala Coast areas.
Please see below for a summary of the sales data for your reference:
Mauna Kea Resort Sales
- 2024 Q1: 6 Sales (50% Increase Year-Over-Year)
- 2023 Q1: 4 Sales
- 2022 Q1: 23 Sales
- 2021 Q1: 26 Sales
- 2020 Q1: 9 Sales
Mauna Kea Resort Average Sales Price
- 2024 Q1: $2.75M (16% Decrease Year-Over-Year)
- 2023 Q1: $3.28M
- 2022 Q1: $3.31M
- 2021 Q1: $2.72M
- 2020 Q1: $3.21M
Mauna Kea Resort Total Sales Volume
- 2024 Q1: $17M (70% Increase Year-Over-Year)
- 2023 Q1: $10M
- 2022 Q1: $76M
- 2021 Q1: $70M
- 2020 Q1: $29M
Kohala Coast Sales Above $1M (District of South Kohala)
- 2024 Q1: 48 Sales (71% Increase Year-Over-Year)
- 2023 Q1: 28 Sales
- 2022 Q1: 77 Sales
- 2021 Q1: 75 Sales
- 2020 Q1: 32 Sales
Kohala Coast Sales Above $3M (District of South Kohala)
- 2024 Q1: 8 Sales (166% Increase Year-Over-Year)
- 2023 Q1: 3 Sales
- 2022 Q1: 20 Sales
- 2021 Q1: 13 Sales
- 2020 Q1: 10 Sales
Kohala Coast Average Sales Price (District of South Kohala)
- 2024 Q1: $1.66M (61% Increase Year-Over-Year)
- 2023 Q1: $1.03M
- 2022 Q1: $1.33M
- 2021 Q1: $1.16K
- 2020 Q1: $874K
Kohala Coast Total Sales Volume (District of South Kohala)
- 2024 Q1: $156M (54% Increase Year-Over-Year)
- 2023 Q1: $101M
- 2022 Q1: $250M
- 2021 Q1: $266M
- 2020 Q1: $175M
Below please find the Mauna Kea Resort’s Q1 2024 Real Estate Market Update highlighting recent sales, resort offerings and local events. I hope you find this information interesting and helpful*.
Notable Q1 2024 Sales:
There was a total of six (6) sales within Mauna Kea Resort in the first three months of 2024.
(Click Here) to view detailed information of all Q1 2024 sales within Mauna Kea Resort.
New on the Market:
Rare oceanfront property in Mauna Kea Resort, a unique opportunity as oceanfront homes in this coveted area are rarely listed. One of only 11 oceanfront homes located between Mauna Kea and Hapuna Hotels, near two expansive white-sand beaches. Located in the 44-acre Bluffs community, with 20 lots, this residence offers stunning ocean views and tropical breezes. The 7-bedroom home features a gourmet kitchen, 2,000-bottle wine room, soundproof theater, detached guest quarters, and ocean-facing office with koa cabinetry. The main room boasts a grand 16-seat dining area with an elegant koa table. Designed by Hamlet Charles “Lucky” Bennett and landscaped by Loriann Gordon, the property includes an approved Short-Term Vacation Rental. Built by Clever Construction, it combines quality and attention to detail. Don’t miss this chance to own a luxurious Hawaiian paradise in Mauna Kea Resort. (Click Here) to view the property details for this spectacular offering.
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).
Local Events:
HAWAII ISLAND CHARITY WALK
Saturday, May 11, 2024
The Queens Bowl at the Waikoloa Beach Resort
6:45 Race | 7:30 Walk | Onsite registration opens at 5:30 a.m.
Walk with us and help us support Hawaiʻi’s local non-profits! Since 1979, Hawaiʻi Island has raised more than $5.6 million to support hundreds of diverse non-profit organizations on the island. The public is always invited to participate in this annual event which typically features a morning of delicious food, fun, fabulous entertainment, and a little exercise to help charities within our community. For more information visit www.charitywalkhawaii.org/hawaii-island.
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