About Hawaii Kai Condos & Townhomes
Honolulu’s luxury marina community began life with the original home developments in the early 1960’s when Henry Kaiser transformed ponds and farms into a truly modern neighborhood. The central developed marina area take up more than 500 of the entire 6,000 acres that make up Hawaii Kai.
The first condos in Hawaii Kai were developed in the 1970’s with the first Hawaii Kai townhomes being built in 1968 in the form of the iconic Koko Isle, surrounded by water on all sides. Hawaii Kai condos for sale range between $400K for a 1 BR, up to $1.5M for units in the luxury low rise complex Kalele Kai. Hawaii Kai today includes about 10,000 households and is bordered by Kuliouou and Paiko Lagoon to the west and stretches to Makapuu Point, Oahu’s most eastern shore.
Kalele Kai, a mid-rise 6-story complex with generous-size condos as well as the Esplanade, with its many amenities, are very popular choices for marina front condo living. Some high-rise condos in Hawaii Kai, though not right on the marina, offer incredible marina and ocean views from their heights. This unique combination of marina and ocean views is not found in other Honolulu condos outside Hawaii Kai.
A new condo project, marketed at one point as Hale Ka Lae, was in the planning stage at one point and could have been Hawaii Kai’s first new condo project in almost a decade.
Hawaii Kai Neighborhood
Life in this part of Oahu is something special because so much of it is centered around the water. Other areas have their beaches, but none have a close-knit marina community with waterfront homes, condos, shopping, and green parks too.
Everyday errands are often done differently here. Residents commonly ride their boat for a quick trip over for groceries, dinner or even a movie. At Christmas they dress up their vessels with lights and displays for the annual Hawaii Kai marina holiday parade, to the delight of young and old.
When it's time for something different, you always got options. Hike to the top of Koko Head and Koko Crater for exercise and the rewarding views, or enjoy the awesome waves at Sandy Beach. Snorkel among a serene school of tropical fish at Hanauma Bay, an amazing world famous fish sanctuary, and leave your worries behind.
All the conveniences are nearby too. From the stocked shelves at Costco to your choice of restaurants in the 3 shopping centers that cover fine dining to casual refueling. Plus, there are enough stores to keep even the most active shopper happy. Hawaii Kai also has several medical clinics, including Straub, Kaiser & Queen's.
There are many townhomes and condos in Hawaii Kai, but keep in mind that marina front has all been developed, making it impossible to add any more marina front condos. A finite market makes for excellent long term upside potential. Come to Hawaii Kai and start enjoying the exciting marina lifestyle.
Hawaii Kai Condos - Trends & Statistics
The price range of condos for sale in Hawaii Kai is $425K to $1.55M with a median price of $706K and median interior of 1,342sf.
The median price of condos sold in Hawaii Kai year-to-date (2016) is $627K. In previous years it was $600K (2015), $600K (2014), $550K (2013), $525K (2012), $509K (2011), $525K (2010), $495K (2009), $537K (2008), $540K (2007), $569K (2006), $500K (2005), $405K (2004), $311K (2003).
188 condos have sold in Hawaii Kai year-to-date (2016). In previous years, the total number of condos sold were 180 (2015), 187 (2014), 217 (2013), 195 (2012), 176 (2011), 201 (2010), 182 (2009), 194 (2008), 245 (2007), 250 (2006), 310 (2005), 287 (2004), 264 (2003).
On average Hawaii Kai condos were on the market for 84 days before they were sold (2016). In previous years it was 71 days (2015), 82 days (2014), 55 days (2013), 62 days (2012), 53 days (2011), 45 days (2010), 80 days (2009), 61 days (2008), 71 days (2007), 71 days (2006), 41 days (2005), 36 days (2004), 50 days (2003).
The average days on market for Hawaii Kai condos before sold was 115 days November 2016 compared to 76 days November 2015.
The ratio of Hawaii Kai condos sales price vs list price was 97.4% November 2016 compared to 98.7% November 2015.
12 Hawaii Kai condos were sold November 2016 compared to 13 condos sold November 2015.
The total dollar volume of condos currently for sale in Hawaii Kai is $34.57M and the sold dollar volume year-to-date (2016) is $123.92M. In previous years sold dollar volume was $116.05M (2015), $120.03M (2014), $126.36M (2013), $107.38M (2012), $92.93M (2011), $109.71M (2010), $91.69M (2009), $107.16M (2008), $138.07M (2007), $145.66M (2006), $164.13M (2005), $123.21M (2004), $88.14M (2003).
The most recent sale in Hawaii Kai was a condo located at #4A Mariners Village 1, sold for $620K on Dec 09, 2016. It had 1471sf of interior. 9 other recent sales include: #D23 Mawaena Kai 1/2/3 (1,146sf) sold for $462K on 12/7/2016. #60 Moorings (1,517sf) sold for $935K on 12/6/2016. #119 Lalea at Hawaii Kai 2 (1,075sf) sold for $698K on 12/5/2016. #1110 Heritage House Hawaii-Kai (1,040sf) sold for $537K on 12/2/2016. #12 Moorings (1,332sf) sold for $785K on 11/28/2016. #604 Nanea Kai (1,179sf) sold for $640K on 11/25/2016. #7213 Colony at the Peninsula (893sf) sold for $480K on 11/23/2016. #1B Commodore (1,238sf) sold for $457K on 11/23/2016. #172 Kuapa Isle (1,960sf) sold for $1.09M on 11/23/2016.
In Hawaii Kai there is currently 44 fee simple and 2 leasehold units for sale. 18 of the condos have ocean views, 3 have Diamond Head views and 33 have mountain views.
There are 4 x 1 bedroom floor plans, 21 x 2 bedroom floor plans, 19 x 3 bedroom floor plans and 2 x 4 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 10, 2016. Information is deemed reliable but not guaranteed.