Maui estate sells for $24M one day after Hawaii Island home closes for $37M

The sale of an oceanfront estate in Kapalua Resort on Maui closed for $24 million on Thursday, the day after another oceanfront home, in the Kukio Beach and Golf Club on Hawaii Island, sold for $37 million, the highest price for residential real estate in Hawaii so far in 2020.

The $24 million price for the 9.96-acre estate at 9 Bay Drive in Kapalua Resort, which is located on a point next to the Montage Kapalua Bay resort, was the highest-ever price for a residential property in West Maui, said…