Before we jump into the Q1 2025 numbers and market trends, I wanted to share some exciting updates on the $180M renovation project currently underway at Mauna Kea Resort.
Renovation Timeline
Renovations officially began on April 15, 2024, and full completion is expected in phases over the coming months. Phase Two will bring the addition of a brand-new destination spa, scheduled to open in 2026. This luxurious, wellness-focused retreat will offer 11 state-of-the-art treatment rooms and a full menu of services designed to support physical, mental, and emotional well-being.
Accommodations
Phase One renovations at Mauna Kea Beach Hotel are now complete, and the Main Tower has reopened following an extensive refresh of its guest rooms, suites, main lobby, retail shops, and the Mauna Kea Market. Work on remodeling of the Beach Wing began in February 2025 and is expected to take approximately 6–7 months.
Dining Updates
- Number 3: Closed indefinitely during the multi-phase renovation.
- Manta & Copper Bar: Renovations are now complete, and both venues are fully open for reservations.
- Hau Tree: Open for service as an open-air restaurant, while its kitchen and bar areas undergo renovation.
Additional Updates
- Resort Pools: The resort pool is currently being upgraded, with enhancements including an expanded chaise lounge area and a newly relocated jacuzzi. The new jacuzzi will offer a front-row view of Kauna‘oa Bay from its spot near the Family Pool. A new infinity-edge lap pool will also be added to the wellness center in front of the Main Tower.
- Oceanfront Fitness Center: A new, state-of-the-art fitness center is on the way, designed to elevate the guest wellness experience with modern equipment and an energizing atmosphere.
- Mauna Kea Golf Course: After closing on April 15, 2024, for significant upgrades to its fairways, greens, and bunkers, the course has now reopened.
- Fitness Center: Access remains uninterrupted. Once the new Spa Wellness Center is complete, the fitness center will relocate to its new, upgraded space.
It is an exciting time at Mauna Kea Beach Hotel, and I will be sure to keep you posted with live updates as the transformation continues.
As we move through Q2 of 2025, the Hawai‘i Island $3M+ market, particularly along the Kohala Coast continues to show strength. The year began on solid footing, with activity in Q1 outpacing the start of the previous two years in key areas.
The median sold price for homes $3M and above jumped 35.5% year-over-year to $7.25M, a significant increase from $5.35M at the same time last year. Despite this upward pressure on pricing, the number of closed sales of $3M+ properties held steady at 23, indicating that buyer demand remained resilient, even as inventory grew nearly 20% year-over-year.
Homes are also moving faster: average days on market for $3M+ dropped from 81 to just 54, a 33% reduction, suggesting that well-priced properties are catching buyers’ attention quickly. Interestingly, the average sold price per square foot dipped slightly by 8.2%, which may point to larger homes trading or strategic pricing adjustments.
Heading deeper into Q2, we expect buyer interest to continue, especially for homes aligned with current market realities. Factors like interest rates and potential policy shifts may play a role, but so far, 2025 has kicked off with strong momentum.
Please see below for a summary of the sales data for your reference:
Mauna Kea Resort Sales
- 2025 Q1: 11 Sales (83% Increase Year-Over-Year)
- 2024 Q1: 6 Sales
- 2023 Q1: 4 Sales
- 2022 Q1: 23 Sales
- 2021 Q1: 26 Sales
- 2020 Q1: 9 Sales
Mauna Kea Resort Average Sales Price
- 2025 Q1: $4.63M (68% Increase Year-Over-Year)
- 2024 Q1: $2.75M
- 2023 Q1: $3.28M
- 2022 Q1: $3.31M
- 2021 Q1: $2.72M
- 2020 Q1: $3.21M
Mauna Kea Resort Total Sales Volume
- 2025 Q1: $50M (194% Increase Year-Over-Year)
- 2024 Q1: $17M
- 2023 Q1: $10M
- 2022 Q1: $76M
- 2021 Q1: $70M
- 2020 Q1: $29M
Kohala Coast Sales Above $1M (District of South Kohala)
- 2025 Q1: 54 Sales (13% Increase Year-Over-Year)
- 2024 Q1: 48 Sales
- 2023 Q1: 28 Sales
- 2022 Q1: 77 Sales
- 2021 Q1: 75 Sales
- 2020 Q1: 32 Sales
Kohala Coast Sales Above $3M (District of South Kohala)
- 2025 Q1: 13 Sales (63% Increase Year-Over-Year)
- 2024 Q1: 8 Sales
- 2023 Q1: 3 Sales
- 2022 Q1: 20 Sales
- 2021 Q1: 13 Sales
- 2020 Q1: 10 Sales
Kohala Coast Average Sales Price (District of South Kohala)
- 2025 Q1: $1.77M (7% Increase Year-Over-Year)
- 2024 Q1: $1.66M
- 2023 Q1: $1.03M
- 2022 Q1: $1.33M
- 2021 Q1: $1.16K
- 2020 Q1: $874K
Kohala Coast Total Sales Volume (District of South Kohala)
- 2025 Q1: $170M (9% Increase Year-Over-Year)
- 2024 Q1: $156M
- 2023 Q1: $101M
- 2022 Q1: $250M
- 2021 Q1: $266M
- 2020 Q1: $175M
Below please find the Mauna Kea Resort’s Q1 2025 Real Estate Market Update highlighting recent sales, resort offerings and local events. I hope you find this information interesting and helpful.
Q1 2025 Sales:
There was a total of six (11) sales within Mauna Kea Resort in the first three months of 2025.
(Click Here) to view detailed information of all Q1 2025 sales within Mauna Kea Resort.
New on the Market:
The first new construction in Mauna Kea Resort’s South Fairways in 25 years. Over 6 years in the making and spotlighted by The Wall Street Journal, Hale Koa Kea is a singular architectural achievement, one of the most unique properties on the Kohala Coast. Inspired by Ludwig Mies van der Rohe’s 1929 Barcelona Pavilion, the 4,700 SF house consists of two wings connected by 120-ft-long white sandstone and glass gallery. In addition to serving as a entertaining reception space, the gallery also graciously separates the home’s three ensuite guest suites from the owner’s quarters.
The masterful siting of the residence allows for some of the finest sweeping views of the Kohala Coast in all of Mauna Kea Resort. The home boasts stunning 180-degree ocean and coastline views, perfectly positioned to enjoy mesmerizing sunsets year-round.
The heart of the home is the spectacular living hale, with soaring 12’ glass walls, an open kitchen, and expansive seating area with floor-to-ceiling ocean vistas. Designed for intimate entertaining, the living hale flooring extends out to the patio and infinity pool. The primary suite features floor-to-ceiling glass walls, seamlessly blending the indoor and outdoor living spaces. Expansive sliding glass doors lead to an infinity pool that appears to merge with the vast Pacific Ocean. The luxurious primary bathroom opens to an outdoor shower and lounge area through elegant bifold doors.
This turn-key estate is impeccably furnished with a curated collection of vintage and modern pieces. Highlights include three signed original John Kelly works and restored mid-century lighting fixtures including a Murano glass Seguso ball chandelier. Every element has been handpicked to create a space that is both stunning and functional, offering an unparalleled blend of luxury, privacy, and connection to nature. Hale Koa Kea is truly a legacy property, setting a new standard for architectural excellence in Hawaii. (Click Here) to view the MLS property details for this spectacular offering and view the website at www.halekoakea.com.
For a Complete List of Condominiums and Residential Properties Currently Available at the Mauna Kea Resort (Click Here).
For a Complete List of Vacant Land Properties Currently Available at the Mauna Kea Resort (Click Here).
Local Events:
BIG ISLAND JAZZ & BLUES FESTIVAL
Saturday, May 31, 2025
Gates Open at 4:30PM
12th Annual Big Island Jazz and Blues Festival at Mauna Kea Beach Hotel. OCEAN FRONT Saturday MAY 31, 2025 from 5-9PM with Grammy Award Winners, Grammy Nominated Artists, Music Hall of Fame Members and Jazz and Blues Legends. For more information and tickets, visit: bigislandjazzandbluesfestival.com
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