It's in the top 10% of views. Tour it before it's gone!
Today:
About this home
Gorgeous Ocean Views! Discover the charm of Maluna Kai Estates, an intimate gated residential community of 10 free-standing residences in desirable Napili. This spacious 2,093-square-foot, 3-bedroom, 3-bath townhome offers ocean views toward Molokai, vaulted open-beam ceilings, and an inviting indoor-outdoor lifestyle. Expansive glass sliders open to a generous ocean-facing lanai with a private Jacuzzi tub, ideal for relaxing and seasonal whale watching. The bright, open-concept living area features a beautifully appointed chef’s kitchen with a gas range and all new stainless-steel appliances. A spacious loft, flex room, and additional office/lounge provide versatile living spaces. Each bedroom enjoys private lanai access, complemented by a two-car garage and dedicated laundry room. Recent improvements include a new roof, updated air conditioning system, and tankless water heater. Community amenities include a swimming pool, BBQ area, and gathering space. Offered partially furnished. Conveniently located near Napili Plaza for groceries, shopping, dining, postal services, and other conveniences. Close to schools and renowned resort areas of Kapalua and Kaanapali. This is a Residential CPR listing. Easy to show. Call your favorite Realtor to schedule a private showing.
Single-familyProperty Type
1977Year Built
9,261 sq ftLot Size
$858Price/Sq.Ft.
$1,385/moHOA Dues
2 car garageParking
Listed by Anita White• Island Sotheby's International Realty(L)
Listed by Lori Powers• Island Sotheby's International Realty(L)
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
King Kamehameha Iii Elementary School
Public PreK-5 • Assigned • 1.8mi
8/10
Lahaina Intermediate School
Public 6-8 • Assigned • 6.9mi
2/10
Lahainaluna High School
Public 9-12 • Assigned • 6.8mi
3/10
Provided by GreatSchools
About Alaeloa
Ahupua`a
Alaeloa Ahupua`a, located between Napili Bay and Kapalua Bay, is a coastal and resort-adjacent Napili-Honokowai neighborhood with lava-rock shorelines and pocket beaches. The neighborhood’s character concentrates around the Kapalua Coastal Trail access near Merriman’s Kapalua, where sunset-facing lanai dining and shoreline foot traffic set the tempo. Low-slung condo communities and landscaped paths follow the contours of the coast, with ocean-view lookouts replacing gridded streets. The shoreline reads as the main public room, with tidepools, sandy coves, and reef breaks shaping daily rhythms. Sea House Restaurant and The Ritz-Carlton Maui, Kapalua act as recognizable gathering points for meals and events. Kapalua Golf’s Plantation Course adds a manicured counterpoint to the rugged coastline.
Provided by Walk Score and Local Logic
Market insights
5045 Lower Honoapiilani Hwy #2 · $1,795,000
DAYS ON MARKET
1 days
The average home goes pending in 162 days.
SALE-TO-LIST
94.5%
Most homes are selling 6% below list price.
LIST PRICE
$1,795,000
Median sale price in this area is $574,149. (68% lower than this home)
PRICE DROP
0 price drops
13% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans
Furnished
TV cable
Bathrooms
3 bathrooms
Kitchen
Dishwasher
Disposal
Microwave
Range
Refrigerator
Laundry & utility
Washer
Dryer
Flooring
Laminate, stone/concrete, and tile flooring
Heating & cooling
Central air
Exterior features
Ocean view
In-ground pool
Spa/hot tub
Level terrain
Home design
Single-family residence
Multi-level/split-level design
Parking
2-car garage
Garage door opener
Construction
Built in 1977
Double-wall construction
Utilities
Public water
Underground electric
Cable connected
HOA & community
Maintenance fee: $1,385.73
Financial info
Fee simple
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 5045 Lower Honoapiilani Hwy #2
Sale History
Tax History
Date
Event
Price
RAM MLS #411390
Nov 10, 2026
Listed
$1,795,000
$858/sq ft
RAM MLS #408547
Oct 4, 2026
Listing Removed
—
Aug 17, 2026
Price Changed
$1,798,000
$859/sq ft
Jan 25, 2026
Listed
$1,898,000
$907/sq ft
RAM MLS #380949
Dec 12, 2018
Sold
$975,000
$466/sq ft
Oct 15, 2018
Listed
$975,000
$466/sq ft
SOLD before listed
RAM MLS #376709
Sep 10, 2018
Listing Removed
—
Dec 14, 2017
Listed
$989,900
$473/sq ft
Public Records
Apr 26, 2011
Sold
$745,250
$356/sq ft
RAM MLS #346801
Apr 26, 2011
Sold
$745,236
$356/sq ft
Jan 30, 2011
Listed
$745,236
$356/sq ft
Public Records
Mar 1, 2000
Sold
$600,000
$287/sq ft
Public Records
Mar 19, 1990
Sold
$350,000
$167/sq ft
Public Records
Apr 1, 1979
Sold
$245,000
$117/sq ft
Public Records
Mar 1, 1977
Sold
$136,500
$65/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$1,761 (+33.8%)
$1,018,800 + $348,700
$1,367,500
2025
$1,317 (−5.9%)
$1,018,800 + $348,700
$1,367,500
2024
$1,399 (+15.0%)
$741,000 + $357,100
$1,098,100
2023
$1,217 (−14.4%)
$741,000 + $336,200
$1,077,200
2022
$1,422 (−17.8%)
$602,100 + $338,400
$940,500
2021
$1,729 (−4.9%)
$602,100 + $308,700
$910,800
2020
$1,817 (−67.3%)
$648,400 + $269,100
$917,500
2019
$5,555 (+207.0%)
$648,400 + $275,700
$924,100
2018
$1,809 (−63.5%)
$611,300 + $269,000
$880,300
2017
$4,956 (−6.2%)
$518,700 + $265,500
$784,200
2016
$5,281 (+393.6%)
$518,700 + $265,500
$784,200
2014
$1,070 (−3.0%)
$370,500 + $214,600
$585,100
2013
$1,103 (−6.2%)
$370,500 + $214,600
$585,100
2012
$1,176
$370,500 + $213,900
$584,400
Public record
Public record
Zoning
Beds
4
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
2,093
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,093
Year built
1977
Style
Condo/Co-op
County
Maui County
APN
430030200002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 2, 2026.
R-3
Residential District
Areas for single-family dwellings are established to provide for harmonious residential neighborhood without the detraction of commercial and industrial activities.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Day care facility
Housing-Single unit
Housing-Student
Bed & breakfast
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
Fire Factor
We're working on getting current and accurate fire risk information for this home.
Heat Factor
We're working on getting current and accurate heat risk information for this home.
Wind Factor
We're working on getting current and accurate wind risk information for this home.
1/10 Air Factor
Minimal risk of unhealthy air over next 30 years
Provided by First Street
Historical weather
Lahaina, HI • 96761
Average low and high temperatures (°F)
70
59
69
58
69
59
71
60
72
62
74
63
75
64
76
64
75
64
74
64
72
62
71
61
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5045 Lower Honoapiilani Hwy #2
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $510,000 and $1,985,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $510K to $2.0M.