Built in 2008, 356 Units on 42 Floors, 1 - 3BR, Pets: OK (verify)
Amenities include Fitness Center, BBQ Area, Heated Pool, Whirlpool Spa, 24 Hour Security, Shops on street level
The building sponsors pictures with Santa every Christmas for residents as well as big Halloween activities!
About Keola Lai
You might call the Keola Lai condo an early entry in the Kakaako condo boom. It sits right on the edge of the district, just before it crosses over into Downtown. For the downtown office worker this is a perfect location. Walk not just to work, but to Eat the Street, to shopping and dining at Ward, to Blaisdell Center and, in time, to the vast array of options in the new Kakaako, too! Now, what about the condos themselves?
The vast majority of the condos in Keola Lai are 2BRs that have a range of 934 to 1045 sq ft within them. As you can tell, there's a few floor plans just in that set alone. The remaining are 1BR, with 673 sq ft and 3BRs that each have about 1402 sq ft of space.
The layout of each level varies somewhat, primarily in whether the end units are taken up by a 3BR that spans the whole or is divided into 2 1BRs. All the condos have high ceilings, 8 and ½ feet tall to be exact, which give a roomy, airy feel to the space.
The higher floor Keola Lai condos on the makai side get the ocean views, but the outlook is excellent no matter where you are as you aren't hemmed in like the buildings in Waikiki. You're also right beside some of the best city lights in the evenings as well, which add a comforting glow to the nights.
The extras are all extremely nice and well maintained like the glassed-in fitness center, a wonderfully heated pool and a recreation deck that has an awesome lookout itself across Honolulu on all sides. There's also a lot of guest parking, something that can be an ongoing annoyance for those who like to have friends and family over often.
The Keola Lai condo building does a good job of going beyond the usual amenities to make living here enjoyable and encourage a community feel. In addition to the already mentioned Holiday activities, they occasionally show movies in the cool evenings outside on the deck, popcorn included. Due to the high standards of the staff and the upscale features here, some have actually compared it to being in a hotel.
The one drawback is that you'll be living right next to a large construction site as this area is transformed. That will add some noise and a lot of activity to your immediate surroundings for some time. However, it will all pay off when you're sitting in the hottest neighborhood in Honolulu. In the meantime, there are the many pluses to the Keola Lai that outweigh the minuses. Today's irritation is just the path to tomorrow's joys as Kakaako takes shape.
Location: 1st - 5th floor.
Entry: 1st floor from Emily and South St and 3rd floor from Queen St (up the ramp).
The price range of condos for sale in Keola Lai is $32K to $1.1M with a median price of $745K and median interior of 993sf.
The median price of condos sold in Keola Lai year-to-date (2016) is $702K. In previous years it was $720K (2015), $660K (2014), $645K (2013), $590K (2012), $580K (2011), $572K (2010), $589K (2009), $680K (2008).
24 condos have sold in Keola Lai year-to-date (2016). In previous years, the total number of condos sold were 31 (2015), 15 (2014), 32 (2013), 17 (2012), 15 (2011), 26 (2010), 19 (2009), 11 (2008).
On average Keola Lai condos were on the market for 71 days before they were sold (2016). In previous years it was 88 days (2015), 120 days (2014), 61 days (2013), 39 days (2012), 95 days (2011), 77 days (2010), 94 days (2009), 51 days (2008).
The average days on market for Keola Lai condos before sold was 57 days November 2016 compared to 115 days November 2015.
The ratio of Keola Lai condos sales price vs list price was 99.5% November 2016 compared to 96.0% November 2015.
1 Keola Lai condo was sold November 2016 compared to 2 condos sold November 2015.
The total dollar volume of condos currently for sale in Keola Lai is $4.74M and the sold dollar volume year-to-date (2016) is $17.16M. In previous years sold dollar volume was $23.71M (2015), $10.3M (2014), $22.23M (2013), $10.33M (2012), $9.57M (2011), $16.32M (2010), $11.39M (2009), $7.44M (2008).
The most recent sale in Keola Lai was a condo located at #3708 , sold for $815K on Nov 23, 2016. It had 1022sf of interior. 9 other recent sales include: #806 (780sf) sold for $631K on 10/13/2016. #4103 (1,022sf) sold for $805K on 9/29/2016. #1810 (673sf) sold for $600K on 9/27/2016. #1507 (934sf) sold for $652K on 9/27/2016. #4201 (1,022sf) sold for $840K on 9/23/2016. #3403 (953sf) sold for $690K on 9/22/2016. #612 (686sf) sold for $530K on 9/22/2016. #1004 (672sf) sold for $570K on 9/21/2016. #3503 (953sf) sold for $698K on 7/29/2016.
In Keola Lai there is currently 7 fee simple units for sale. 5 of the condos have ocean views, 1 has Diamond Head views and 5 have mountain views.
There are 1 studio floor plan, 1 x 1 bedroom floor plan, 4 x 2 bedroom floor plans and 1 x 3 bedroom floor plan.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 07, 2016. Information is deemed reliable but not guaranteed.