Around year 2006 a collaboration of 10 condo associations from the Gold Coast sued the State of Hawaii to settle who is responsible for the seawall running in front of the Gold Coast condos. The collaboration of condos won at the trial court and circuit court level, but the State appealed all the way to the supreme court and as of August 2016 the case has been with the supreme court for about 10 months, without a verdict yet. This seawall was built more than 100 years ago and it appears the State of Hawaii does not have any documentation, as to who built the wall - it is anyone's guess!
About Diamond Head
When you live in the shadow of a world famous icon like Diamond Head, you know you're on some of the most coveted real estate in Honolulu. The neighborhood lies cozily beside Waikiki, taking in much of the open, green space of Kapiolani Park and extending eastward to include the stunning southern shore along the base of Diamond Head itself. Diamond Head condos for sale are typically valued from $400K for a studio to $4M plus for a luxury 3 bedroom unit, with square footage prices often in $1,500 plus range.
Insight to Diamond Head Condos
The spectacular Gold Coast Hawaii condos were built on the ocean's edge during the 1950’s and 1960’s and can never be recreated. These condos could not be built in the same locations today because of updated zoning laws and setback requirements. Those conditions have made the existing Gold Coast real estate irreplaceable. Forever limited, they remain special, rare and precious. Gold Coast Hawaii condos are simply priceless.
Diamond Head condos sit where the elite of Hawaii have come for centuries to revel in the matchless beauty that lies at the foot of this towering landmark. It is also Honolulu’s most storied spot for enjoying an unmatched lifestyle due to its one-of-a-kind oceanfront setting, offering eternally mesmerizing ocean, coastline and sunset views. The Diamond Head condo communities include 16 oceanfront residential high rise-condos that stand along the famous Hawaii Gold Coast. Most are congregated together, yet they lack any feeling of overcrowding.
Other noteworthy oceanfront Diamond Head condos, just south of the Gold Coast, include the townhome style Villas at Diamond Head Point (2-story duplex) and Kuu Makana at Diamond Head (2-story fourplex), which in 2013 sold for $7.5M - a record price for condos in Diamond Head.
The base of Diamond Head, close to the southern tip of Kapiolani Park is home to a small number of generous size townhomes, including Queens Court at Kapiolani, Diamond Head Landing and the gated 38 unit La Pietra community. There are also about a dozen more affordable condos along Pualei Circle, Kanaina Ave and Monsarrat Ave.
The Gold Coast Hawaii Neighborhood
Though cheek-to-cheek with Waikiki, the Gold Coast represents a different world from the high-rises and crowds of Waikiki. Here you live a more genteel, quieter lifestyle that reflects the ways of a classic Hawaii.
The private and upscale Outrigger Canoe Club is located in between the Gold Coast condos with 2 of its restaurants, Koa Lanai and Hau Tree Lanai, literally hanging on the ocean’s edge, separated by just a seawall with great views of Waikiki and beyond. The club also has a small cozy white sandy beach, exclusive for its members.
A stone throw away is the Kaimana Beach, another local favorite. The sand is perfect and less crowded than the prime tourist areas to the north. Swimmers love this beach, heading out to the open ocean from here for some world-class exercise and enjoyment. It's little wonder that the famous Waikiki Roughwater Swim begins from this spot.
Across the street from the Gold Coast condos is Kapiolani Park, a center for both ends of the activity scale. Local youth soccer games, triathletes doing intensive workouts and rugby tournaments are common sights alongside local families enjoying a leisurely cookout or the traditional luau celebrating the 1st birthday of a beloved baby.
Though the beaches and ocean aren't as easy to access as you progress from the Gold Coast further south around Diamond Head, your efforts are rewarded. Quieter, with fewer people, beaches here offer something special for those who want a little more solitude. These areas also provide more challenging waves. On most days you'll see a parade of experienced surfers heading down the trails from Diamond Head Rd to take on the swells that have earned a well-deserved reputation.
It's not just the waves that call them, though. It's the natural splendor and peace of this place that satisfies something within. Buy a condo here on Hawaii’s Gold Coast and you'll feed your soul for a lifetime.
The Seawall at Hawaii's Gold Coast
The seawall along Diamond Head's famed Gold Coast has been part of some controversy over the years. Who is responsible for its upkeep; The State of Hawaii or the Association's of the condos? Litigation between the State and several Gold Coast condo Associations has been going on for several years on this issue, though not much has been done to maintain the seawall, besides the State's upgrade to the seawall directly in front of Diamond Head Ambassador in 1993. For details on the lawsuit see this page on FindLaw.
The price range of condos for sale in Diamond Head is $115K to $5.17M with a median price of $863K and median interior of 775sqf.
The median price of condos sold in Diamond Head year-to-date (Jan - Oct 27, 2016) is $721K. In previous years it was $585K (2015), $545K (2014), $525K (2013), $499K (2012), $480K (2011), $520K (2010), $400K (2009), $619K (2008), $612K (2007), $655K (2006), $540K (2005), $367K (2004), $335K (2003).
46 condos have sold in Diamond Head year-to-date (Jan - Oct 27, 2016). In previous years, the total number of condos sold were 69 (2015), 73 (2014), 80 (2013), 67 (2012), 65 (2011), 69 (2010), 46 (2009), 48 (2008), 63 (2007), 75 (2006), 113 (2005), 128 (2004), 123 (2003).
On average Diamond Head condos were on the market for 127 days before they were sold (Jan - Oct 27, 2016). In previous years it was 123 days (2015), 106 days (2014), 95 days (2013), 87 days (2012), 87 days (2011), 72 days (2010), 104 days (2009), 104 days (2008), 67 days (2007), 72 days (2006), 57 days (2005), 70 days (2004), 83 days (2003).
The average days on market for Diamond Head condos before sold was 143 days September 2016 compared to 115 days September 2015.
The ratio of Diamond Head condos sales price vs list price was 95.1% September 2016 compared to 97.4% September 2015.
4 Diamond Head condos were sold September 2016 compared to 2 condos sold September 2015.
The total dollar volume of condos currently for sale in Diamond Head is $77.54M and the sold dollar volume year-to-date (Jan - Oct 27, 2016) is $45.62M. In previous years sold dollar volume was $61.96M (2015), $70.01M (2014), $67.58M (2013), $58.84M (2012), $56.96M (2011), $55.17M (2010), $35.98M (2009), $49.83M (2008), $61.68M (2007), $74.8M (2006), $105.25M (2005), $85.29M (2004), $62.65M (2003).
The most recent sale in Diamond Head was a condo located at #1508 Colony Surf Ltd, sold for $725K on Oct 03, 2016. It had 505sqf of interior. 9 other recent sales include: #1202 Colony Surf Ltd (900sqf) sold for $1.58M on 9/26/2016. #205 Diamond Head @ Pualei Cir (749sqf) sold for $522K on 9/19/2016. #306 Diamond Head Apts Ltd (952sqf) sold for $949K on 9/13/2016. #601 Coral Strand Ltd (1,446sqf) sold for $2.55M on 9/8/2016. #105 Diamond Head Bch Hotel (466sqf) sold for $96K on 8/31/2016. #405 DIAMOND HEAD BCH HOTEL (363sqf) sold for $160K on 8/30/2016. #505 Coral Strand Ltd (941sqf) sold for $1.04M on 8/15/2016. #104 Diamond Head Bch Hotel (466sqf) sold for $94K on 8/12/2016. #701 Diamond Head Bch Hotel (1,002sqf) sold for $375K on 8/12/2016.
In Diamond Head there is currently 49 fee simple and 9 leasehold units for sale. 38 of the condos have ocean views, 29 have Diamond Head views and 19 have mountain views.
There are 11 studio floor plans, 23 x 1 bedroom floor plans, 19 x 2 bedroom floor plans, 4 x 3 bedroom floor plans and 1 x 4 bedroom floor plan.
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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.