Mauna Lani Recently Sold Properties
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[property_overview template=mobile-sold Subdivision=”Mauna Lani” status=”sold” sorter_on sort_by=sold_date sort_order=DESC pagination_type=numeric]
ABOUT
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?
The sugar industry dominated Hawaii for over 150 years, and it should be noted that sugar cane was one of the canoe plants brought from Polynesia to Hawai`i with the first Hawaiians. The crop came to the notice of the Western world with the first explorers of the islands. The first successful sugar plantation was in 1835 on Kauai and by the 1890s sugar cultivation was happening on 61,000 acres of land on the larger Hawaiian Islands. Labor was always an issue for plantation owners and beginning in the 1850s sugar companies recruited workers from mainly Asian nations such as China, Japan, and the Philippines. Later, sizable populations of workers also came from Portugal, Russia, Norway, and Korea. Sugar influenced the political developments in Hawaii’s history and sugar was one of the contributing factors that led to Hawai`i becoming a part of the United States. As time went on, the cost to produce sugar steadily climbed and it became cheaper to produce sugar in other countries. Many sugar plantations and mills closed throughout the 1980s to the early 2000s. In 2016, the last sugar company, Hawaiian Commercial & Sugar, closed its doors and the sugar industry in Hawai`i came to an end. Perhaps the most noticeable legacy of sugar in Hawai`i today is its multicultural population. Descendants of the plantation workers comprise Hawai`i’s unique population today.
September 2024 STATS
There were no home sales in September. One home sale was recorded in Mauna Lani Resort in August. The home sold for 100.20% of the Sale/Current price or $4,612,500 after 41 days on the market. The land/building cost per square foot was $1,965.
Mauna Lani Resort led sales at the resorts in September with six condominium closings. The units ranged in price from $1.2M to $2.399M, averaging at 98.79% of the Sale/Current price. The units averaged 67 days on the market at a cost per square foot of $927.
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
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EVENTS
Take a walk down memory lane, or learn about Hawai`i’s historic sugar industry, during the Hamakua Sugar Days Festival in Honokaa, October 5 to 20. A highlight of this two-week celebration is the Hamakua Sugar Days Parade on October 12 at 10 a.m. down Mamane Street. The event commemorates the 30th anniversary of the final harvest at Hamakua Sugar and honors the hard work of all sugar workers throughout Hawai`i. In addition to the parade on Oct. 12 is an agriculture and sustainability fair, pumpkin patch and live music at the Honoka`a Complex Park. At the Honoka`a Heritage Center there will be exhibits, a cultural village and educational activities. All sugar workers and anyone with an interest in the long-running, colorful history of the sugar industry are invited. For more information, visit hamakuasugardays.org.
Location
Mauna Lani
Video Tips
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Statistics provided courtesy of Hawai'i Information Service.