MARKET SPOTLIGHT: THE COCONUT GROVE ON KAPALUA BAY
The Coconut Grove is one of Kapalua’s most desirable communities. Comprised of just 36 condominium residences, the Coconut Grove is situated directly overlooking Kapalua Bay. Once awarded the honor of the Best Beach in America, Kapalua Bay is known for it’s calm waters and abundant marine life.
Each of the nine buildings has four residences, each one of four floor plans. The two ground floor units feature private courtyard gardens and outdoor showers. All of the residences have pocketing doors which open to beautifully manicured grounds. Each also has a private garage.
On site amenities in this gated community include a fitness center, tension edge pool, spa and owner’s pavilion with a kitchen and BBQ. With no vacation rentals permitted, the community has a serene, private feeling.[/vc_column_text]
OCEAN VIEW | FLOOR PLAN 1
3B/3B | $3,800,000
OCEANFRONT | FLOOR PLAN 4
3B + DEN/3.5B | $5,395,000
Coconut Grove 9 | 3B/3B | Plan 1 | $3,800,000 | MLS 362850
Coconut Grove 15 | 3B/3.5B | Plan 2 | $4,995,000 | MLS 360303
Coconut Grove 14 | 3B/3.5B | Plan 3 | $5,395,000 | MLS 361950
Coconut Grove 16 | 3B+Den/3.5B | Plan 4 | $5,395,000 | MLS 360721
Coconut Grove 30 | 3B/3.5B | Plan 3 | $5,499,000 | MLS 360493
In 2014, there was just one sale at $5,000,000 for a ground floor, oceanfront three bedroom. Over the years, there have been sales as high as $5,200,0000.