Set on the Kohala coast at the base of five mountains, this exclusive 3,200-acre resort provides a tranquil oasis with ocean views and surrounded by native fauna. The resort features two 18-hole top-rated golf courses, the CanoeHouse, SurfShack, and full range of sport and cultural activities. The Mauna Lani resort offers one of the largest selections of private oceanfront and mountain facing residences along with golf course condominiums. KaMilo, the newest Mauna Lani Resort development, is modeled after the laid-back atmosphere of an old Hawaiian village and includes single-family and paired resort homes. The Nohea at Mauna Lani also offers private custom homes and sites and rare, easy access to the award-winning amenities of the Mauna Lani Resort.
DID YOU KNOW?
This year, the Chinese New Year falls on Saturday, February 10, and heralds the start of the year of the Dragon. Specifically, it is the year of the Wood Dragon, which is said to bring growth, success, prosperity, happiness, and abundance for everyone. If you’d like to celebrate the Year of the Dragon, plan to be at the Coronation Pavilion at Queens’ Marketplace in Waikoloa Beach Resort on Saturday, February 17. The Lunar New Year is welcomed with nonstop entertainment and a spectacular Lion Dance. In this centuries-old tradition, essential to New Year’s festivities in Hawai‘i, the colorful Chinese Lion Dancers perform acrobatic feats and leaps, interacting with the audience and parading through Queens’ Marketplace from door to door.
January 2024 STATS
No home sales were recorded in January. One home sale was recorded at Mauna Lani Resort in the month of November after 78 days on the market. It reaped 98.40% of the Sale/Current Price or $3.1M. The per square foot price of the land/building was $764.
There were no condo sales in January. Five condominium sales closed in Mauna Lani Resort in December, with prices ranging from $1.31M to $3.2M, an average of 98.90% of Sale/Current price. The units averaged four days on the market and the price per square foot averaged $1,216.
2023 YEAR END MARKET STATS
Seven home sales recorded in Mauna Lani Resort during 2023, with prices ranging from $3.1M to $11.305M, averaging $6,367,700 or 93.65% of the Sale/Current Price. The homes were on the market an average of 62 days and the average price per square foot, land/building, was $2,032.
Mauna Lani Resort neighborhoods were popular with buyers in 2023 and led the way in condominium sales with 61 closings. Sales prices ranged from $980,000 to $3.35M, averaging out at $1,883,344.27 or 97.90% of the Sale/Current Price. The units spent an average of 42 days on the market and price per square foot averaged at $1,020.
REAL ESTATE TIP
MAUNA LANI EVENTS
Although the cool Winter weather continues, Spring is right around the corner and the Waimea Cherry Blossom Heritage Festival, celebrating the blossoming of the community’s cherry trees. The festival on Saturday, February 4, from 9 a.m. to 3 p.m. will be held along Church Row and at the Parker Ranch Center. Participants can spend the day experiencing Japanese and multi-cultural performing arts, hands-on demonstrations of bonsai, traditional tea ceremonies, food preparation demos by local chefs, and craft vendors. For more information, visit https://records.hawaiicounty.gov/weblink/DocView.aspx?dbid=1&id=127543&cr=1
Mauna Lani Real Estate
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Statistics provided courtesy of Hawai'i Information Service.