Hawaii

Mauna Lani Point Sales Strong in 2017

Mauna Lani Point—the oceanfront community that was the second condominium property built at the Mauna Lani Resort—typically has half a dozen sales per year, mostly in the first half. This year has proven to be typical, but with prices up a little and days on market down. Mauna Lani Point is popular as a vacation rental destination as well as a second home property… and there are even a few owners who choose it as a primary residence in retirement.

Mauna Lani Point is an oceanfront condo community with views like these…

Six Mauna Lani Point Condos Sold YTD; One in Escrow

Six Mauna Lani Point condos have sold since the beginning of the year. At initial glance, the price range seems extreme, from a low of $618,000 to a high of $3,150,000. Prices depend on three factors: number of bedrooms, whether the view is of the ocean or mountains, and to a lesser extent the degree of updating, as these buildings were constructed in 1988.

Mauna Lani Point Condo Sales Summary
# Lowest Highest Average Median Mode
Listings 6 $650,000 $3,450,000 $1,574,000 $1,087,000 N/A
MLS Sale $ 6 $618,000 $3,150,000 $1,453,833 $1,010,000 N/A
DOM to sale 6 25 625 173 101 N/A
Sale/Current Price 6 91.2% 97.7% 93.5% 92.1% N/A

Two one-bedroom units sold in 2017 for $635,000 and $670,000. There were no Mauna Lani Point one bedrooms sold in 2016, but in 2015 one sold for $980,000, because unlike the two sold this year, it had that oceanfront view.

Surprisingly, the lowest sale price for a Mauna Lani Point unit this year was a 2-bedroom. However, that best buy had no ocean view and needed renovations. It sold for $618,000, while the other 2-bedroom with a larger floor plan and ocean view across the golf course sold for more than double, $1,350,000.

Best buy at Mauna Lani Point unrenovated bath

Older bathroom in need of renovation would affect the price of Mauna Lani Point condo.

Similarly, the price range for the 1988 sq. ft. three-bedroom floorplan was large, with one sale at $2,300,000 and the other sale at $3,150,000. The top price was for one of the only two penthouse 3-bedrooms at Mauna Lani Point with that prime oceanfront location, wraparound lanai, and tasteful interior updates

Only Three Active Mauna Lani Point Listings

With a 2-bedroom Mauna Lani Point condo listed for $1,690,000 having just gone into escrow, that leaves only two 1-bedroom and one 2-bedroom listing available at the current time. The price ranges from $699,000 to $1,920,000. Feel free to contact me directly if you want the scoop on the available units.

Mauna Lani Point D206

The view from Mauna Lani Point D206, offered for $1,920,000 (MLS 602440)

A hui hou,

Beth Thoma Robinson R(B)

Direct: 808.443.4588

Email: beth@hawaiilife.com

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