MLS: 409833 (Active - For Sale)New Listing!   Condo: #12B3   Asking Price: $1,395,000 Fee Simple District: Kapalua City: Lahaina Street: 500 Bay Dr Maintenance Fee: $947.00 Beds: 1   Baths: 2 Living Area: 995 SF Land Area: 16.45 Acres Short-Term Rental Status ✓ Eligible — Minatoya Grandfathered List Phase-out: Jan 1, 2031 (~4 years remaining) Source: Maui County Minatoya List Subject to active litigation; verify with attorney before purchase. Learn more about STR rules Features: View, Ocean Front, Pool Days on Market: 1

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What is the first thing you notice about Kapalua Bay Villas 12B3 when you walk through the front door? The ocean view you've been dreaming about! 12B3 looks out to the Pacific ocean like no other. In my opinion its even a better view than many ocean front units! With a line of sight running out toward the friendly isle of Molokai across the channel and up the coast toward world famous Honolua Bay. The building's elevation puts you above the noise, perched over the buildings and vegetation rather than looking through it. Open horizon, evening color, and rainbows come with the orientation. In the back of your mind, you think the view can't get any better..but then you reach the second floor, and that view literally stops conversation with admiration.The primary upper bedroom claims the entire upper level, and from the bed the floor to ceiling windows frame the open Pacific and the island of Molokai with a view that simply cannot be described adequately with mere words.  Step onto the covered upper lanai with coffee in the morning or a drink as the day winds down and the channel is laid out in front of you, Molokai holding the horizon, the surf working below, the sun dropping into the water and lighting up the whole room behind you. This is the view people travel to Maui hoping to catch from a restaurant, and here it is the thing you live with. Nights are quiet and dark enough for stars, and in season the whales move through the channel right in front of you. A bedroom that does this is rare anywhere on this coast, and it is the reason this residence stays with people long after the showing ends.  The rest of the residence is built for how most people want Maui to actually live. You enter on the parking lot level, as close as possible to the gated entry and step straight inside, no stairs after the drive from the airport, groceries and boards and luggage moving in one clean trip. The lower floor opens to a great room where the Pacific fills the space, with a three quarter bath that gives visiting family their own corner. Upstairs, the master holds the full bath and the washer and dryer where you want them. There is a unit below and no one above you. At 995 square feet across two levels, 12B3 lives well beyond its footprint. Two bathrooms separate it from nearly every one bedroom condo on Maui, which makes it a real option for couples traveling with friends or a small family rather than a tight retreat for two. Sold fully furnished and turnkey, central air throughout, short term rentals permitted for now and  with a rental history that speaks for itself. The community sits on sixteen oceanfront acres with three heated pools, BBQ pavilions, tennis courts striped for pickleball, and direct access to the Kapalua Coastal Trail. Oneloa Beach, the the former Montage Kapalua Bay (now a St. Regis Estates branded 5 Star Resort), and the Plantation Course clubhouse are all within striking distance, and the Tennis Garden's sixteen pickleball courts and Napili Bay sit just down the road. Here is what a buyer who knows this market will see. The most desirable one bedroom floor plan in the complex, two baths, direct entry, the perched unobstructed MASSIVE view, turnkey and producing income, all at a number that crushes any of the competing listings. Run the comparables and the position becomes obvious. Floor plans like this do not sit, and a view like the one off that upper lanai does not come back to market on a schedule. The owners who waited on the last well priced unit in this complex are the ones still watching the listings. Don't let that be you.

21 Properties

MLS Number	Description	List Date	List Price
404954	1 Bed, 2 Bath	02/12/2025	$895,000
409443	1 Bed, 2 Bath	04/28/2026	$985,000
409152	1 Bed, 2 Bath	03/31/2026	$999,000
408506	1 Bed, 2 Bath	01/20/2026	$1,050,000
409771	1 Bed, 2 Bath	06/01/2026	$1,150,000
409539	1 Bed, 2 Bath	05/06/2026	$1,195,000
409697	1 Bed, 2 Bath	05/23/2026	$1,195,000
407924	1 Bed, 2 Bath	11/28/2025	$1,219,000
409053	1 Bed, 2 Bath	03/15/2026	$1,245,000
409050	1 Bed, 2 Bath	03/16/2026	$1,250,000
409486	1 Bed, 2 Bath	05/01/2026	$1,250,000
408317	1 Bed, 2 Bath	01/05/2026	$1,250,000
407508	1 Bed, 2 Bath	10/21/2025	$1,295,000
409792	1 Bed, 2 Bath	06/02/2026	$1,300,000
407023	1 Bed, 2 Bath	09/03/2025	$1,475,000
406926	1 Bed, 2 Bath	08/25/2025	$1,525,000
406110	1 Bed, 2 Bath	05/29/2025	$1,545,000
408534	1 Bed, 2 Bath	01/26/2026	$1,625,000
409062	1 Bed, 2 Bath	03/18/2026	$1,650,000
409397	1 Bed, 2 Bath	04/24/2026	$1,690,000
409652	1 Bed, 2 Bath	05/18/2026	$1,775,000
		Average Price:	$1,312,524

Show Sold Comparables.

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