Coconut Grove Kapalua Luxury Condominium Market Update, June 2015
The Coconut Grove is one of the most sought after communities in the Kapalua Resort. This small enclave of just 36 villas is situated on Kapalua’s most iconic beach, Kapalua Bay. There are three ocean view buildings (residences 1-12) and six oceanfront buildings (residences 13-36). Each building is home to four condominium residences, each a different floor plan.
At the time of this post, there are just four condominium residences for sale:
Coconut Grove #9, 3B/3B, an ocean view floor plan 1, recently reduced to $3,750,000
Coconut Grove #15, 3B/3.5B, an oceanfront floor plan 2, listed at $4,650,000
Coconut Grove #16, 3B/3.5B plus den, an oceanfront floor plan 4, listed at $4,750,000
Coconut Grove #14, 3B/3.5B, an oceanfront floor plan 3, listed at $5,395,000
Coconut Grove #16
This spectacular residence is perched looking directly over Kapalua Bay. The popular floor plan, located on the second floor, is one of just six residences at Coconut Grove with a den. This additional space provides flexibility, and can be used as an office, dining room, or media room. Originally offered at $5,395,000 and now reduced to $4,750,000, this represents an exceptional opportunity. Watch the Video of Coconut Grove on Kapalua Bay #16.
Coconut Grove #9
This charming ground floor residence is currently the lowest priced offering at Coconut Grove. The gracious living space opens to an expansive lanai as well as a private, beautifully landscaped tropical courtyard with an outdoor shower. Enjoy ocean views and sunsets from the lovely lanai. Watch the Video of Coconut Grove on Kapalua Bay #9.
The last sale was in May, 2014: Coconut Grove #23, an oceanfront floor plan 1, which was listed at $5,250,000 and closed at $5,000,000. With five sales over $5 million since the property was developed in 2001, many of the current listings are attractively priced for someone looking to be in this desirable low-density oceanfront condominium community.
Short term rentals are not permitted at the Coconut Grove, which ads to its serene feeling. There are private gates that lead to the white sand beach at Kapalua Bay, and there is a lovely tension edge pool with a spa and fitness center.
For more information on the Coconut Grove and the Kapalua Resort, please don’t hesitate to contact me.