This is the view from Kapalua Golf Villa 24T2, a one-bedroom/two-bath unit with an asking price of $551,000 Fee Simple.

KAPALUA — With actual sales prices down up to 40 percent from the highs of 2005 and ’06, now is a great time to purchase a second home at Kapalua Resort.

Troon Golf is now in managing both The Kapalua Bay and Plantation Golf Courses. There is the world-renowned Kapalua Golf Academy. Two tennis courts are currently scheduled to be resurfaced. Tennis at Kapalua can be educational, fun and competitive. There are excellent restaurants, white sand beaches, a resort shuttle service and resort security.

Five condominium properties at Kapalua encompass many different products to suit a variety of needs. Kapalua Golf Villas is situated on almost 16 acres, with panoramic views of Molokai, Lanai and the Kapalua Bay Course. There are one-, two- and three-bedroom condominium units, four swimming pools and outdoor BBQs. Current asking prices range from $469,000 to $1,199,900. Interior finishes can vary greatly. All units have central A/C at Kapalua Golf Villas.

Kapalua Ridge, situated on 21 acres, has great views all the way to Honolua Bay as well as units on the front nine of the Kapalua Bay Course. There are 161 condominiums and two swimming pools with BBQ facilities at both locations. Prices at Kapalua Ridge range from $569,000 to $1,750,000 for a three-bedroom condo. Kapalua Ridge has incredible grounds — the streets are lined with “Shower Trees.”

Kapalua Ironwoods sits oceanfront high above Oneloa Bay with incredible views of Molokai and Honolua Bay. There are 39 units in ten buildings. Minimum size at The Ironwoods is two bedrooms with three baths.

The Kapalua Bay Villas are direct oceanfront one- and two-bedroom condominiums priced from $575,000 to $2,150,000. Units have great views of Oneloa Bay, Molokai and Lanai. There are 141 condominiums on just over 16 acres at Kapalua Bay Villas. Three separate pools provide areas to relax and enjoy a BBQ. A comprehensive, ongoing maintenance program keeps The Kapalua Bay Villas looking fresh and new. The Kapalua oceanfront hiking trail passes directly in front of many Bay Villa units as it winds its way from the beach access at Kapalua Bay to Fleming Beach.

Right next door to the Bay Villas are the Ritz-Carlton Residences at Kapalua, a combination of wholly owned and fractional units for the more sophisticated home owner.

Coconut Grove, a low-rise condominium property with only 36 units, sits right on top of the world-famous Kapalua Bay. A short walk from Coconut Grove on the Lahaina side of Kapalua Bay is Merriman’s Kapalua restaurant, which has put Kapalua back on the map for foodie’s “must try” locations. Sansei Seafood Restaurant and Sushi Bar, another local favorite, is located within Kapalua Resort. Pineapple Grill and award-winning chef Ryan Luckey are just up the hill from Coconut Grove at The Kapalua Bay Course Pro Shop.

Looking for a residential property within Kapalua? There are several options. Pineapple Hill, with sunset views, has lot sizes ranging from a quarter-acre to over a half an acre. Four homes have sold this year in Pineapple Hill. Plantation Estates and Honolua Ridge are large residential, agricultural-sized lots with incredible views of sweeping vistas, ocean and valleys. The Plantation House Restaurant, a Maui favorite, is at the main entrance to Plantation Estates.

With all of these great options, now is the time to give serious consideration to purchasing a Kapalua property while inventory is varied and asking prices are the lowest they have been in years. For your Kapalua Realtor, call Laurie Lowson, R(B), at (808) 276-8001 or Joline Dorner, R(S), at (808) 276-9015. Jo and Laurie are onsite in Kapalua every day of the week to help you find your Kapalua dream property. You may also check out our website at www.Lowson.com.