An 11,000-plus square-foot home in Kāʻanapali has sold for $20.8 million, highlighting the stratifying nature of Maui’s real estate market, which is increasingly catering to wealthy buyers and pricing out working-class locals.
The home features eight bedrooms and nine bathrooms. According to Maui Paradise Properties, “The sale is a testament to the enduring appeal of Kāʻanapali as a premier destination for luxury living, and we are proud to have played a role in this transaction.”
As the median price of a home on Maui hovers around $1 million and wealthy people such as media mogul Oprah Winfrey continue to snatch up real estate, it remains to be seen whether that sentiment will be embraced by all.
