How’s the large vacant land market on Maui doing?
In the past 6 months – Sept 27, 2023 through March 27, 2024 – there have been 8 closed sales of parcels over 20 acres in Maui County, ranging in price from $490,000 – $11,700,000. Let’s take a look at more details on each of these prime properties, ranked by sale price. None were beachfront or oceanfront listings.
Note that five of these are in the Wailea/Makena region, in the area of the Makena Golf and Beach Club, and were sold before listing as part of a large scale development. The total price for the 125 acres comes to $43,175,000 or about $344,000/acre which is a pretty high price considering no county water or other improvements. This will be a high end development in the future.
0 Kalua Koi Road, Molokai – $490,000 – 207 Days on Market – 30.7 acres of AG land with improvements like fencing and gates, paved access roads, septic system.
0 Ulupalakua Road, Ulupalakua – $775,000 – 103 DOM – 25.8 acres of gently sloping open space with great multi-island views
0 Malaihi Road, Wailuku – $795,000 – 209 DOM – a complicated 35 acres with title issues and seller financing.
190 Lanipaina Street, Makena – $6,437,500 – 27 DOM -22.3 acres
232 Lanipaina Street, Makena – $6,437,500 – 27 DOM – 25.96 acres
308 Lanipaina Street, Makena – $6,900,000 – 92 DOM – 25.86 acres
124 Ko Honuaula Street, Makena – $11,700,000 – 97 DOM – 25.3 acres
1170 Honuaula Street, Makena – $11,700,000 – 26 acres
Maui large vacant lands for sale now:
There’s a good selection of large parcels for sale on Maui and Molokai. I left out any CPR lots that are smaller than 20 acres. Here’s a summary, or click the link for all the 15+ acre listings, including those on Molokai and Lanai.
- 17 active and pending (1) listings priced from $475,000 – $75,000,000
- 5 are on Molokai and priced from $475,000 – $1,150,000
- average price is $13,666,352 and median price is $3,500,000
- 3 are oceanfront, 2 of them on Molokai
- land size ranges from 20 acres to 3,547 acres (Hana)
- none are bank owned
- DOM ranges from 34 days to 645 days
Peahi Farms, Haiku Maui
Thanks for reading my Maui market update…
What kind of buildable or farm land are you looking for? Do you have what it takes to make it happen? Let me help YOU.
Georgie Hunter R(S) e-Pro, Hawai’i Life Real Estate Brokers
1043 Makawao Ave 203B, Makawao HI 96768
E-mail or call/text: 808 283-0635