Colony Surf Ltd #1706
Studio / 1 Bath / 505 sqf

Gold Coast living at its finest in this high floor spacious studio with GOR...

Colony Surf Ltd #707 & 708
2 Beds / 2 Baths / 1,440 sqf

Great value! Seller motivated! Beautifully renovated Gold Coast ocean and D...

Colony Surf Ltd Condos (undisclosed address)
Studio / 1 Bath / 505 sqf

Location - Location is the very best for a rarely available oceanfront stud...

Colony Surf Ltd #701
1 Bed / 1 Bath / 1,000 sqf

Elegance and tranquility defined in this extensively renovated Colony Surf ...

Colony Surf Ltd #1905
Studio / 1 Bath / 900 sqf

Soak in the Hawaiian sun and cool breezes at this beachside condo charmer! ...

Colony Surf Ltd #301
1 Bed / 1 Bath / 1,000 sqf

This exclusive one of the kind unit was completely remodeled from its an or...

Colony Surf Ltd #603-604
1 Bed / 2 Baths / 1,540 sqf

Double corner oceanfront apartment remodeled and in move-in condition. Nice...

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  • Address: 2895 Kalakaua Ave, Honolulu, HI 96815.
  • Built in 1959 with  20 Floors and 172 Units total.  Studio to 1BR plans, Pets: OK (verify).
  • Some units have been combined to create spectacular 2 & 3BR condos.
  • The Colony Surf has made the jump from Leasehold to Fee Simple! Ownership & Security in this prime location are yours.

Good to Know About Colony Surf
The Colony Surf condo in Diamond Head is located right on an incredible prestine white sandy beach. There are only 4 other condos in Honolulu located on a white sandy beach: San Souci and Kainalu in Diamond Head, Waikiki Shore in Waikiki and Kahala Beach in the Waialae Golf Course neighborhood. Needless to say, a very popular building for ocean lovers.

All units in Colony Surf have 1 large window running across the entire width of the unit, creating an incredible wide view and feel, especially when pushed open (14 inch in the smaller units and 26 inch in the large units).  All condos are originally 500sqf or 845sqf with lanais.  However, the "01" and "04" units are slight larger than 845sqf, because owners were allowed to enclose an unusable hallway space. 

The 845sqf+ condos in Colony Surf are considered 1BR, though the vast majority are over-sized studios without a dedicated bedroom, creating some stunning views. All units above the 3F on the Diamond Head side have nice ocean views and all units facing the ocean have ideal ocean views. 

There are 9 units per floor with the "01" - "04" condos facing the ocean and the "05" - "09" units being on the Diamond Head side of the building. Since there are 2 private clubs - Outrigger and Elks - next to Colony Surf (on the Diamond Head side) there are no tall buildings blocking the ocean & Diamond Head views. This will never change, since zoning laws do not allow for any tall buildings to be built on that land.   

At the top floor - penthouse - there is just 1 unit, streching from the "01" - "04" stack with windows wrapped around on all four sides - arguably boasting the best views of any condo along the Gold Coast. 

Colony Surf is very popular among vacationers, allowing 30 day minimum rental periods. 

Brief History & Interesting Information
John Barkhorn is the developer of Colony Surf and in year 1958 he managed to negotiate long-term land leases from a few different land owners and he was able to develop and built Colony Surf. Around the same time he also developed neighboring Lotus Hotel (formerly the W Hotel) and Colony Beach. All 3 buildings were initially part of a hotel operation, but over time all Colony Surf and Colony Beach units were sold as residential units and today there are no hotel units in either building.

Over the years the association of Colony Surf has purchased the fee interest in the land from 4 different land owners. Finally, year 2003, the association managed to purchase the last fee (for the land beneath the parking structure). Following, the association worked on converting Colony Surf from a co-op to a condominium, which required more than a simple majority support from the owners. They managed to get the support of the owners and Colony Surf is today a fee simple condominium.

Note: The association took out a mortgage in order to come up with the funds to pay for the land acqusition. Some owners have paid off their unit's portion of the loan, whereas other owners have decided to pay off on a schedule. Those units are legally still considered co-ops, until their portion of the mortgage is paid off. Owners can pay off an their loan balance and convert to fee simple condominum 4 times per year.

You may also be interested in....
Tropic SeasKainaluOceanside ManorColony Beach or expand to all Diamond Head condos for sale.

If you are looking for a vacation rental condo, allowing short-term rentals, take a look at our Guide to Honolulu Condo Hotels
  • Colony Surf Ltd Condos - Trends & Statistics

  • The price range of condos for sale in Colony Surf Ltd is $748K to $2.85M with a median price of $1.75M and median interior of 1,000sqf.
  • The median price of condos sold in Colony Surf Ltd year-to-date (Jan - Oct 25, 2016) is $1.23M. In previous years it was $1.2M (2015), $1.2M (2014), $875K (2013), $925K (2012), $575K (2011), $755K (2010), $900K (2009), $707K (2008), $850K (2007), $889K (2006), $875K (2005), $776K (2004), $414K (2003).
  • 10 condos have sold in Colony Surf Ltd year-to-date (Jan - Oct 25, 2016). In previous years, the total number of condos sold were 12 (2015), 9 (2014), 12 (2013), 6 (2012), 7 (2011), 10 (2010), 5 (2009), 6 (2008), 7 (2007), 9 (2006), 7 (2005), 16 (2004), 10 (2003).
  • On average Colony Surf Ltd condos were on the market for 112 days before they were sold (Jan - Oct 25, 2016). In previous years it was 69 days (2015), 101 days (2014), 83 days (2013), 139 days (2012), 148 days (2011), 127 days (2010), 78 days (2009), 94 days (2008), 110 days (2007), 53 days (2006), 109 days (2005), 136 days (2004), 119 days (2003).
  • The average days on market for Colony Surf Ltd condos before sold was 267 days September 2016 compared to 52 days September 2015.
  • The ratio of Colony Surf Ltd condos sales price vs list price was 98.8% September 2016 compared to 98.1% September 2015.
  • 1 Colony Surf Ltd condo was sold September 2016 compared to 1 condo sold September 2015.
  • The total dollar volume of condos currently for sale in Colony Surf Ltd is $11.18M and the sold dollar volume year-to-date (Jan - Oct 25, 2016) is $12.23M. In previous years sold dollar volume was $15.02M (2015), $11.17M (2014), $10.76M (2013), $7.28M (2012), $5.58M (2011), $7.13M (2010), $4.24M (2009), $5.97M (2008), $8.09M (2007), $7.49M (2006), $9.56M (2005), $15.53M (2004), $4.2M (2003).
  • The most recent sale in Colony Surf Ltd was a condo located at #1508 , sold for $725K on Oct 03, 2016. It had 505sqf of interior. 9 other recent sales include: #1202 (900sqf) sold for $1.58M on 9/26/2016. # (1,014sqf) sold for $1.7M on 7/14/2016. #206 (540sqf) sold for $675K on 5/9/2016. #602 (900sqf) sold for $1.5M on 4/26/2016. #1104 (1,040sqf) sold for $1.75M on 4/21/2016. #1608/1609 (1,440sqf) sold for $1.72M on 3/24/2016. #709 (900sqf) sold for $975K on 2/18/2016. #609 (900sqf) sold for $935K on 2/2/2016. #106 (540sqf) sold for $668K on 1/25/2016.
  • In Colony Surf Ltd there is currently 7 fee simple units for sale. 6 of the condos have ocean views, 5 have Diamond Head views and 3 have mountain views.
  • There are 3 studio floor plans, 3 x 1 bedroom floor plans and 1 x 2 bedroom floor plan.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2016. Information is deemed reliable but not guaranteed.