About Ilikai Marina
From the name, Ilikai Marina, you know 2 things immediately. One is that it's next to the older Ilikai property. The other is that it looks right out over the marina, which transitions into the Pacific Ocean spread out before you. This is one advantage it has over its sister building.
The original Ilikai is built in a Y-formation, so units on the right and left side of the stem of the Y look directly east or west. It's not a bad view by any means, but it's not straight on to the ocean. All Ilikai Marina condos on the south side face head on to the ocean. No head turning required.
That's a primary reason why this building is popular with owners as an investment property. The guaranteed vista that comes with those condos in Ilikai Marina attracts vacationers easily to rent their units, creating ongoing income.
You're just inside Waikiki on west side, so Ala Moana Beach Park and Ala Moana Center, the largest outdoor shopping mall in the U.S., are easily within walking distance. Why compete for beach space with other tourists when you can enjoy the expansive sand that locals know and love in Ala Moana? After sun & soak, you can wine & dine at Ala Moana Center and cap off the perfect day.
The sizes of the floorplans in the Ilikai Marina condos are in line with average Honolulu condos. Studios are 455 sq ft and the 1BRs vary between 651 & 742 sq ft, so they fit right in with other properties in the travel market.
That's what you'll be selling to your clients as the proud owner of a Waikiki vacation condo. Sounds like it won't be a hard sell at all.
The price range of condos for sale in Ilikai Marina is $400K to $610K with a median price of $505K and median interior of 710sf.
The historic median sales price of condos sold in Ilikai Marina was $465K (2016), $327K (2015), $354K (2014), $268K (2013), $226K (2012), $350K (2011), $386K (2010), $350K (2009), $395K (2008), $390K (2007), $396K (2006), $250K (2005), $359K (2004), $158K (2003).
0 condos have sold in Ilikai Marina year-to-date (Jan 23, 2017). In previous years, the total number of condos sold were 17 (2016), 6 (2015), 15 (2014), 22 (2013), 15 (2012), 10 (2011), 10 (2010), 9 (2009), 3 (2008), 10 (2007), 16 (2006), 25 (2005), 19 (2004), 9 (2003).
Historically, the average number of days it took to sell condos in Ilikai Marina was 103 days (2016), 55 days (2015), 86 days (2014), 35 days (2013), 55 days (2012), 91 days (2011), 151 days (2010), 52 days (2009), 99 days (2008), 95 days (2007), 46 days (2006), 35 days (2005), 46 days (2004), 85 days (2003).
The total dollar volume of condos currently for sale in Ilikai Marina is $1.01M . The sold dollar volume in previous years was $6.96M (2016), $2.24M (2015), $5.66M (2014), $7.38M (2013), $4.38M (2012), $3.27M (2011), $3.61M (2010), $3.1M (2009), $1.07M (2008), $3.85M (2007), $6.74M (2006), $7.96M (2005), $6M (2004), $2.02M (2003).
The most recent sale in Ilikai Marina was a condo located at #1785 , sold for $305K on Oct 31, 2016. It had 427sf of interior. 9 other recent sales include: # (445sf) sold for $300K on 10/24/2016. #788 (651sf) sold for $588K on 10/4/2016. #1191 (427sf) sold for $273K on 9/20/2016. #1188 (651sf) sold for $578K on 8/18/2016. #1292 (651sf) sold for $590K on 5/19/2016. #494 (651sf) sold for $475K on 4/29/2016. #1293 (427sf) sold for $279K on 4/29/2016. #884 (651sf) sold for $498K on 4/25/2016. #694 (651sf) sold for $470K on 4/18/2016.
In Ilikai Marina there is currently 2 fee simple units for sale. 1 of the condo has ocean views and 1 has mountain views.