Built in 1969, 62 Units on 14 Floors, Studio - 2BR, Pets: OK (verify).
Amenities include Recreation Area, 24-Hour Security Guard.
As the name suggests this was a full-fledged hotel until the conversion was made in the early 2000's.
About Diamond Head Beach Hotel
The Diamond Head Beach Hotel condos make up one of the most unusual buildings on Diamond Head's Gold Coast. The most obvious of its differences is its almost pyramid shape. It never comes close to a point, but the you can clearly see the slope inward from bottom to top, resulting in a thinner cap that stands from the mostly conservative architecture of this area.
This unique feature greatly affects the floor plans because they can't follow the traditional stack of duplicate layouts you see in most condominiums. So, the layouts vary from floor to floor, including as many as 19 different Studio floor plans that range from 236 to 466 sq ft. The 1 and 2BR units have equally large variations, starting at 469 sq ft and going on up to 1305.
The smaller unit sizes are one reason many have bought these as investment properties, rather than primary residences. Another, maybe even greater, reason is that this is the only real condotel on the Gold Coast.
Other neighborhood buildings have strict renting requirements, but the Diamond Head Beach Hotel units can be let out for short-term stays, and that includes nightly terms. That has made them excellent income properties. What vacationer doesn't want to stay in a Gold Coast condo?
Just as with other, similar arrangements, you can manage the rental yourself or put it into the hotel pool and let them worry about it.
One feature your guests will love is the oceanside lawn and recreation area, where people often gather at sunrise to watch that daily wonder paints its colors over the ocean that washes up to the shore just feet away.
Do keep in mind that this is a leasehold property whose lease comes up in 2032. This will be an important point in your purchase for both sides of the table. That fact can present issues for many, but for the right buyer it just might be an opportunity presenting itself.
Diamond Head Bch Hotel Condos - Trends & Statistics
The price range of condos for sale in Diamond Head Bch Hotel is $195K to $429K with a median price of $297K and median interior of 673sf.
The median price of condos sold in Diamond Head Bch Hotel year-to-date (2016) is $199K. In previous years it was $155K (2015), $120K (2014), $127K (2013), $207K (2012), $57K (2011), $310K (2010), $105K (2009), $237K (2008), $260K (2007), $417K (2006), $281K (2005), $155K (2004), $191K (2003).
11 condos have sold in Diamond Head Bch Hotel year-to-date (2016). In previous years, the total number of condos sold were 5 (2015), 3 (2014), 8 (2013), 4 (2012), 8 (2011), 3 (2010), 6 (2009), 3 (2008), 1 (2007), 4 (2006), 8 (2005), 19 (2004), 14 (2003).
On average Diamond Head Bch Hotel condos were on the market for 141 days before they were sold (2016). In previous years it was 209 days (2015), 225 days (2014), 135 days (2013), 40 days (2012), 42 days (2011), 76 days (2010), 90 days (2009), 59 days (2008), 97 days (2007), 113 days (2006), 19 days (2005), 92 days (2004), 93 days (2003).
The average days on market for Diamond Head Bch Hotel condos before sold was 104 days November 2016.
The ratio of Diamond Head Bch Hotel condos sales price vs list price was 92.9% November 2016
3 Diamond Head Bch Hotel condos were sold November 2016
The total dollar volume of condos currently for sale in Diamond Head Bch Hotel is $1.21M and the sold dollar volume year-to-date (2016) is $2.24M. In previous years sold dollar volume was $1.15M (2015), $364K (2014), $1.26M (2013), $758K (2012), $483K (2011), $885K (2010), $675K (2009), $1.15M (2008), $260K (2007), $1.68M (2006), $2.61M (2005), $4.08M (2004), $3.4M (2003).
The most recent sale in Diamond Head Bch Hotel was a condo located at #303 , sold for $107K on Nov 30, 2016. It had 373sf of interior. 9 other recent sales include: #904 (333sf) sold for $205K on 11/14/2016. #103 (466sf) sold for $120K on 11/1/2016. #105 (466sf) sold for $96K on 8/31/2016. #405 (363sf) sold for $160K on 8/30/2016. #701 (1,002sf) sold for $375K on 8/12/2016. #104 (466sf) sold for $94K on 8/12/2016. #1002 (469sf) sold for $266K on 7/1/2016. #1105 (291sf) sold for $229K on 4/18/2016. #801 (850sf) sold for $393K on 3/31/2016.
In Diamond Head Bch Hotel there is currently 4 leasehold units for sale. 4 of the condos have ocean views, 4 have Diamond Head views and 2 have mountain views.
There are 1 studio floor plan, 1 x 1 bedroom floor plan and 2 x 2 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2016. Information is deemed reliable but not guaranteed.