Built in 1953, 7 Floors holding 41 Units, Studio, 1 & 2BR Floor plans, Pets: No.
None of the typical amenities in this building.
This is the oldest condominium on the Gold Coast!
About 2987 Kalakaua
2987 Kalakaua is a true classic, erected in the mid-Century era when Hawaii's tourism industry was just picking up. When the first residents moved in, they did so in the Territory of Hawaii as Statehood was still 6 years away. Some may wonder if this property has seen its best days. The truth is, you have nothing to worry about.
A sure sign of the enduring quality & desirability of this building are the price levels it continues to hold. The most recent sale, a mauka side 1BR with Diamond Head views, went for $638K. That's a solid reflection of the value of both the Gold Coast location and the units themselves.
The most desirable units, the 05 & 06 condos, sit on the ocean side of the building, looking out directly on the waves gliding in and out of the shore. It's not just the view itself that keeps this property so in demand. It's the fact that the building codes at the time allowed Hawaii's Gold Coast condos, like 2987, to be constructed closer to the ocean than any since.
If a structure were put up today on this same land, it would have to be set back much further. You're not just buying a view, you're buying the best one, possibly ever.
Living this close also means you have your own private gate to the beach, along with an outdoor shower to get all the sand off after yet another visit to the sand and surf. When it's virtually on your doorstep, there's always time to hit the shore, if only for a brief time to recharge. Or as a quick reminder of just how lucky you are to live here.
With Kapiolani Park waiting across the street, Waikiki a few minutes by foot and the iconic Diamond Head standing above, 2987 Kalakaua is a place you dream of calling home – and sometimes dreams can come true.
The price range of condos for sale in 2987 Kalakaua is $645K to $1.29M with a median price of $658K and median interior of 607sf.
The median price of condos sold in 2987 Kalakaua year-to-date (2016) is $775K. In previous years it was $550K (2015), $660K (2014), $609K (2013), $577K (2012), $470K (2011), $402K (2009), $1.28M (2008), $497K (2007), $1.13M (2006), $487K (2005), $688K (2004), $616K (2003).
3 condos have sold in 2987 Kalakaua year-to-date (2016). In previous years, the total number of condos sold were 3 (2015), 5 (2014), 4 (2013), 1 (2012), 1 (2011), 1 (2009), 2 (2008), 4 (2007), 3 (2006), 4 (2005), 2 (2004), 4 (2003).
On average 2987 Kalakaua condos were on the market for 86 days before they were sold (2016). In previous years it was 84 days (2015), 133 days (2014), 65 days (2013), 314 days (2012), 1 days (2011), 17 days (2009), 70 days (2008), 90 days (2007), 67 days (2006), 52 days (2005), 39 days (2004), 74 days (2003).
The average days on market for 2987 Kalakaua condos before sold was 77 days November 2016 compared to 109 days November 2015.
The ratio of 2987 Kalakaua condos sales price vs list price was 95.4% November 2016 compared to 96.7% November 2015.
2 2987 Kalakaua condos were sold November 2016 compared to 1 condo sold November 2015.
The total dollar volume of condos currently for sale in 2987 Kalakaua is $2.6M and the sold dollar volume year-to-date (2016) is $2.81M. In previous years sold dollar volume was $1.99M (2015), $3.93M (2014), $2.48M (2013), $577K (2012), $470K (2011), $402K (2009), $2.57M (2008), $1.95M (2007), $3.79M (2006), $1.93M (2005), $1.37M (2004), $2.63M (2003).
The most recent sale in 2987 Kalakaua was a condo located at #304 , sold for $742K on Nov 23, 2016. It had 648sf of interior. 9 other recent sales include: #305 (724sf) sold for $775K on 11/10/2016. #505 (1,075sf) sold for $1.3M on 5/2/2016. #603 (386sf) sold for $435K on 11/3/2015. #203 (648sf) sold for $550K on 10/6/2015. #706 (607sf) sold for $1.01M on 5/8/2015. #102 (616sf) sold for $485K on 12/5/2014. #302 (724sf) sold for $660K on 10/8/2014. #605 (995sf) sold for $1.24M on 6/30/2014. #706 (607sf) sold for $908K on 5/29/2014.
In 2987 Kalakaua there is currently 3 fee simple units for sale. 2 of the condos have ocean views, 1 has Diamond Head views and 1 has mountain views.
There are 1 studio floor plan and 2 x 1 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 02, 2016. Information is deemed reliable but not guaranteed.