In Robb Report’s April 1998 issue, the Kapalua Resort on Mauiwas ranked number five among the top 10 "Affluent Communities in the U.S."
For this first-time survey, the magazine asked eight top realtors tonominate the best places to live in their regions of expertise. In additionto standard indicators of wealth such as the community’s median income,realtors were also asked to take into consideration quality of life andsuch key factors as population, public safety, zoning, amenities, educationalfacilities, recreational and cultural opportunities. According to the RobbReport, "While many resort communities remain popular with the affluent,there is also interest in ‘real towns’ – communities with diversity ofincomes and home costs."
The Top 10 named in Robb Report’s survey of Top Affluent Communitiesare listed as follows in the order of points received: 1. Aspen, Colorado;2. Palm Beach, Florida; 3. Greenwich, Connecticut; 4. Grosse Pointe Farms,Michigan; 5. Kapalua, Maui; 6. Boca Raton, Florda; 7. Hilton Head, SouthCarolina; 8. Gold Coast, Chicago, IL; 9. Newport, Rhode Island; 10. LaJolla, California.
Kapalua was the only Hawaii property ranked in Robb Report’ssurvey. Located on the scenic northwest coast of Maui, Kapalua Resort isa 1,650-acre master planned destination resort community. It encompassesseven residential projects; two hotels (The Ritz-Carlton, Kapalua, TheKapalua Bay Hotel); a villa and home vacation rental program (The KapaluaVillas); three championship golf courses; two 10-court tennis facilitiesand a myriad of shops and restaurants. The resort offers year-round sports,cultural and environmental events, as well as daily activities for residentsand guests, including hiking, watersports, pineapple plantation tours,to name a few. In 1999, Kapalua will be the new venue for the PGA TOUR’sprestigious Mercedes Championships.
An intrinsic part of the beauty of Kapalua is its dramatic lava shorelinewith five bays and three sandy beaches, one of which has been ranked "TheBest Beach in America." Kapalua’s dedication to preserving the environmenthas also earned the property the distinction of being the first resortin the world to be certified by Audubon International as an "Audubon HeritageSanctuary," a result of the resort’s commitment to preserve the island’snatural and cultural heritage.
The average home price in Kapalua is $1.12 million. "Kapalua is theperfect blend of residential community and resort destination," says DeanOtto, Principal Broker for Kapalua Realty. In addition, Otto states thata new exclusive beachfront residential project is scheduled to break groundin late 1998 to further enhance the overall quality development.