Built in 1962 with 133 Units on 25 Floors, Studio & 1 to 2BR Floor plans, Pets: OK (verify).
Amenities include Heated Pool, Fitness Center, Sauna, 24-Hour Security.
Foster Tower was the 1st high rise built in Waikiki.
About Foster Tower
The Foster Tower Waikiki condos is a crucial piece of both old and modern Waikiki. It personifies the modern aspects because of the dominance of high-rise condos today, of which it was the first, replacing the many single family homes that once lined the streets. Yet it keeps the old life alive by the fact that it's the only purely residential building left on the main strip of Kalakaua Ave. Without it, that would be the end of the local presence on this significant piece of real estate.
That will not be for some time, fortunately, as indicated by the recent renovations of the building's lobby. The Fee Interest can also be purchased, if it hasn't already been by the unit, so complete ownership is possible. This is a property you can fully invest in, rather than waiting nervously as the lease date comes closer.
The building is best known for sitting ringside to the main beaches of Waikiki, with only the street between it and the sands. If you're on the south side of the the tower, not matter what floor, you have an unobstructed view of the ocean that's something out of a picture book. There's no way to describe it other than Incredible – and even that doesn't do it justice.
The amenities are top notch as well, unusual for a building built over 50 years ago, before they were a priority. There's the heated saltwater pool for those who like a guaranteed safe swim, an excellent fitness center, a sauna and storage for your surfboard and your bike.
Being in the midst of the action of Waikiki can make security a concern, but here it's not a worry at all. Security guards are on duty 24 hours, there's video camera surveillance and even fingerprint scanners to restrict access. That's as safe as it gets today.
If you want to live like the elite once did in old Waikiki, Foster Tower is hands down your choice. There's something about gazing out from your home at the unending ocean that makes each day something truly special. Don't your days deserve that?
The price range of condos for sale in Foster Tower is $535K to $2M with a median price of $1.35M and median interior of 903sqf.
The median price of condos sold in Foster Tower year-to-date (Jan - Oct 28, 2016) is $509K. In previous years it was $516K (2015), $570K (2014), $525K (2013), $369K (2012), $280K (2011), $139K (2010), $420K (2009), $347K (2008), $500K (2007), $330K (2006), $550K (2005), $220K (2004), $390K (2003).
4 condos have sold in Foster Tower year-to-date (Jan - Oct 28, 2016). In previous years, the total number of condos sold were 6 (2015), 8 (2014), 10 (2013), 17 (2012), 1 (2011), 4 (2010), 3 (2009), 8 (2008), 2 (2007), 5 (2006), 5 (2005), 8 (2004), 11 (2003).
On average Foster Tower condos were on the market for 130 days before they were sold (Jan - Oct 28, 2016). In previous years it was 171 days (2015), 124 days (2014), 188 days (2013), 70 days (2012), 86 days (2011), 123 days (2010), 22 days (2009), 132 days (2008), 87 days (2007), 126 days (2006), 56 days (2005), 39 days (2004), 69 days (2003).
The average days on market for Foster Tower condos before sold was 88 days September 2016 compared to 45 days September 2015.
The ratio of Foster Tower condos sales price vs list price was 100.5% September 2016 compared to 100.3% September 2015.
1 Foster Tower condo was sold September 2016 compared to 1 condo sold September 2015.
The total dollar volume of condos currently for sale in Foster Tower is $8.48M and the sold dollar volume year-to-date (Jan - Oct 28, 2016) is $2.02M. In previous years sold dollar volume was $3.49M (2015), $4.48M (2014), $6.12M (2013), $8.58M (2012), $280K (2011), $648K (2010), $1.12M (2009), $3.23M (2008), $1M (2007), $2.15M (2006), $2.72M (2005), $2.47M (2004), $3.83M (2003).
The most recent sale in Foster Tower was a condo located at #2405 , sold for $553K on Sep 23, 2016. It had 527sqf of interior. 9 other recent sales include: #1404 (1,138sqf) sold for $480K on 8/3/2016. #1604 (1,137sqf) sold for $455K on 8/3/2016. #1705 (529sqf) sold for $538K on 2/19/2016. #304 (1,111sqf) sold for $300K on 9/11/2015. #2001 (1,182sqf) sold for $720K on 6/29/2015. #2405 (529sqf) sold for $545K on 5/28/2015. #1405 (525sqf) sold for $343K on 5/22/2015. #501 (1,184sqf) sold for $1.1M on 5/14/2015. #2306 (441sqf) sold for $488K on 3/31/2015.
In Foster Tower there is currently 6 fee simple and 1 leasehold units for sale. 7 of the condos have ocean views, 5 have Diamond Head views and 1 has mountain views.
There are 3 studio floor plans and 4 x 2 bedroom floor plans.
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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.