It’s hard to believe, but it’s been over a decade since the first residents moved into Ka Malanai at Kailua, the only significant new construction condo project on Oahu’s Windward side in recent memory. Built in 2014 by D.R. Horton, Ka Malanai brought fresh, modern condos to an area previously dominated by older townhome communities — and now, ten years later, the numbers are in.
Let’s take a look at how the project has aged, what values have done over the last decade, and how Ka Malanai continues to stand out in Kailua’s tight and highly desirable market.
📈 10 Years of Price Appreciation: 1-Bedroom to 3-Bedroom Condos
Ka Malanai was never a budget development — but those who bought early have been rewarded. As of 2025, price data shows steady and impressive growth across the board:
-
1-bedroom units appreciated approximately 33%
-
2-bedroom units appreciated around 38%
-
3-bedroom units appreciated roughly 37%
🏷️ 2025 Market Snapshot:
-
2-Bedroom Median Price: $1,065,000
-
3-Bedroom Median Price: $1,252,000
-
1-Bedroom Activity: No sales yet in 2025, and none currently on the market
Unlike many Oahu condo projects where smaller units tend to appreciate faster (due to affordability), Ka Malanai saw stronger appreciation in 2- and 3-bedroom layouts — likely due to demand from families and owner-occupants seeking spacious living on the Windward side.
Looking Back on Other Projects:
- Waihonua 10 Years Later
- One Ala Moana 10 Years Later
- Ae'o 5 Years Later
- Capitol Place 10 Years Later
🧱 Why Ka Malanai Remains Unique in Kailua
Ka Malanai’s success isn’t just about timing — it’s about product and location. Located just a short stroll from Kailua Beach, Whole Foods, and Kailua Town, the development provides walkability that’s rare for suburban neighborhoods on Oahu.
Additional standout features include:
-
Modern construction with open floor plans and central AC
-
Secure buildings with elevators and covered parking
-
Lush landscaping and well-maintained common areas
-
Pet-friendly policies and flexible financing options
As of 2025, inventory remains extremely limited, especially for 1-bedroom units. Buyers are keeping an eye on new listings, but competition remains fierce due to low turnover and sustained demand.
📞 Thinking About Buying or Selling at Ka Malanai?
Whether you're a long-time owner considering a move or a buyer hoping to get into one of Kailua’s most desirable communities, local insight is essential. With a decade of data now available, it’s easier than ever to make a smart move — if you know where to look.
📲 Contact David E. Buck (RB-20368) at 808-371-3509
🏢 Harcourts Island Real Estate – Local Knowledge. Trusted Results.