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For sale
  • Price cut: $125K (5/29)
    $1,625,000

    500 Bay Dr #29-G5, Lahaina, HI 96761

    1beds
    2baths
    993sqft
    Condominium, Residential
    Built in 1977
    -- sqft lot
    $1,504,800 Zestimate®
    $1,636/sqft
    $1,517/mo HOA

    What's special

    Three heated ocean-view poolsCovered ocean-view lanaiLanai overlooking the pacificBathed in natural lightSophisticated hawaiian-inspired aestheticOneloa beach nearbyLight-toned cabinetry
    Feel the warm island breeze and the sparkle of the Pacific the moment you enter this beautifully remodeled oceanfront 1-bedroom, 1.5-bath villa in the gated community of Kapalua Bay Villas. Bathed in natural light and designed with a sophisticated Hawaiian-inspired aesthetic, this bi-level retreat offers sweeping ocean views and views of Molokai from nearly every room, effortlessly blending indoor comfort with the serene beauty of Maui. The open-concept living areas invite you to relax and unwind, with the living, dining, and kitchen spaces flowing effortlessly together. Enjoy the fresh Maui air or relax in cool A/C comfort. Expansive windows frame the views and a covered ocean-view lanai provides the perfect spot for morning coffee or evening cocktails while taking in the view and island breezes. The kitchen is both elegant and functional, featuring light-toned cabinetry that comes fully equipped for gourmet cooking and entertaining, a tiled backsplash, large Thermador refrigerator, stainless steel Café appliances, a wine fridge, and a breakfast bar ideal for casual dining. A convenient half bath on the main level enhances daily comfort and entertaining ease. Ascend to the upper level, where the primary suite welcomes you with a king-sized bed, stunning views, and a lanai overlooking the Pacific. The beautifully updated en-suite bathroom invites you in with its custom-tiled shower and luxurious touches and offers a peaceful sanctuary after island adventures. A queen sleeper sofa on the main level adds flexibility for families or small groups, comfortably accommodating up to four guests. The condo includes a private exterior storage closet, ideal for storing bikes, beach gear, surfing and snorkeling equipment, as well as tennis or pickleball essentials. As a resident of Kapalua Bay Villas, you’ll enjoy world-class resort amenities just off the coastline, including three heated ocean-view pools, tennis courts with ghost lined pickleball courts within, and gas BBQs, all with the luxury of being just steps away from the scenic Kapalua Coastal Trail. In addition, nearby amenities like the Kapalua Tennis Gardens host an additional 16 pickleball courts to enjoy. Golf lovers will appreciate the close proximity to the Kapalua Plantation Course, making this location ideal for those who love pickleball, tennis, or golf. Kapalua Bay Beach is just a short two-minute walk away, with Oneloa Beach nearby as well.
    188 days
    |
    126
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Josh Jerman RB-19728 Cell:808-283-2222,

    Hawaii Life (W),

    Rich Wu RS-81399 808-796-6956,

    Hawaii Life (W)

    Source: RAM,MLS#: 408534MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      Interior area
      • Total structure area: 993
      • Total interior livable area: 993 sqft
      Video & virtual tour

      Property

      Features
      • Exterior features: Tennis Court(s)
      • Has private pool: Yes
      • Pool features: In Ground
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Ocean Front
      Lot
      • Size: 16.45 Acres
      Details
      • Parcel number: 2420010240088

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium, Residential
      • Attached to another structure: Yes
      Condition
      • Year built: 1977
      • Major remodel year: 2021

      Community & HOA

      Community
      • Subdivision: Kapalua Bay Villas
      HOA
      • Has HOA: Yes
      • HOA fee: $1,517 monthly
      Location
      • Region: Lahaina

      Financial & listing details

      • Price per square foot: $1,636/sqft
      • Tax assessed value: $1,507,400
      • Annual tax amount: $19,604
      • Date on market: 1/26/2026
      • Lease term: Short Term Lease

        Estimated market value

        $1,504,800

        $1.43M - $1.58M

        $3,842/mo

        Price history

        DateEventPrice
        5/29/2026Price change$1,625,000-7.1%$1,636/sqft
        Source: RAM #408534 Report a problem
        1/26/2026Listed for sale$1,750,000+131.8%$1,762/sqft
        Source: RAM #408534 Report a problem
        6/5/2020Sold$755,000-8.5%$760/sqft
        Source: RAM #385509 Report a problem
        4/25/2020Pending sale$825,000$831/sqft
        Source: RE/MAX Island Properties, LLC #385509 Report a problem
        4/12/2020Price change$825,000-5%$831/sqft
        Source: RE/MAX Island Properties, LLC #385509 Report a problem
        12/27/2019Listed for sale$868,000+83.9%$874/sqft
        Source: RE/MAX Island Properties, LLC #385509 Report a problem
        11/27/2002Sold$472,000+29.3%$475/sqft
        Source: Public Record Report a problem
        3/20/1998Sold$365,000$368/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$19,604 -0.7%$1,507,400 -1.9%
        2024$19,741 +23.6%$1,536,400 +14%
        2023$15,968 +57.8%$1,347,500 +57.8%
        2022$10,119 +13%$853,900 +5.9%
        2021$8,957 +33.4%$806,200 -1.3%
        2020$6,717 -4.9%$816,600 +30.7%
        2019$7,064 $624,800 -17.9%
        2018$7,064 -11.1%$761,200
        2017$7,949 +49.3%--
        2016$5,325 +30.1%$611,400 -26.5%
        2015$4,095 +20.2%$831,300 +11.1%
        2014$3,408 $748,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Kapalua

        Getting around

        45 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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