Good to Know About Koolani
From the moment you enter Koolani’s grand lobby you know this building is something special, feeling more like a Balinese luxury resort’s lobby, with extensive use of wood and stone materials in dark accents. The sense of a resort continues throughout the elevators and hallways.
The door to each unit in Koolani is strategically positioned far from one another, creating a very private feel. Inside the units have floor to ceiling glass windows and a good portion of the upper window slides open, which is particularly nice in the morning hours when the sun is behind Koolani.
Most condos in Koolani have great southwest facing ocean views, but those views will be somewhat impacted, as Waiea and Anaha are being built (expected completion Nov 2016 and summer 2017, respectively). The best ocean views are over Ward Center, which should remain for many years to come. However, Howard Hughes (developer and Ward Center land owner) has plans to built 2 high-rises on that land in the distant future, which would drastically impact the views of condos in Koolani.
The amenities at Koolani are top of the line and includes the largest gym & fitness facilities of any condo in Honolulu, with steam room, yoga / pilates classes and more. Service is also top of the line and the helpful staff will gladly assist you getting groceries up to your room.
Right in front of Koolani is a mini-park, popular among families with young children. This park will remain and there are no plans to develop any high-rises on that land.
As Waiea and Anaha are built, Koolani condos ocean views will be impacted a bit. More importantly, Howard Hughes (major land owner and developer in Kakaako) has plans to built on land between Hokua and Waiea (most likely in distant future), which will impact the ocean views of Koolani significantly.
The price range of condos for sale in Koolani is $1.01M to $3.5M with a median price of $1.4M and median interior of 1,518sf.
The median price of condos sold in Koolani year-to-date (2016) is $1.04M. In previous years it was $950K (2015), $920K (2014), $880K (2013), $880K (2012), $841K (2011), $862K (2010), $800K (2009), $979K (2008), $900K (2007), $830K (2006).
12 condos have sold in Koolani year-to-date (2016). In previous years, the total number of condos sold were 27 (2015), 35 (2014), 32 (2013), 15 (2012), 23 (2011), 24 (2010), 27 (2009), 28 (2008), 38 (2007), 398 (2006).
On average Koolani condos were on the market for 150 days before they were sold (2016). In previous years it was 122 days (2015), 101 days (2014), 97 days (2013), 86 days (2012), 73 days (2011), 83 days (2010), 117 days (2009), 67 days (2008), 119 days (2007), 7 days (2006).
The total dollar volume of condos currently for sale in Koolani is $37M and the sold dollar volume year-to-date (2016) is $13.3M. In previous years sold dollar volume was $27.57M (2015), $38.71M (2014), $30.31M (2013), $12.71M (2012), $21.09M (2011), $21.24M (2010), $23.36M (2009), $31.38M (2008), $40.87M (2007), $350.13M (2006).
The most recent sale in Koolani was a condo located at #PH2 , sold for $2.13M on Oct 14, 2016. It had 2081sf of interior. 9 other recent sales include: #2508 (1,518sf) sold for $1.2M on 9/23/2016. #1805 (1,157sf) sold for $885K on 9/20/2016. #2505 (1,157sf) sold for $970K on 7/27/2016. #909 (1,392sf) sold for $1.03M on 6/20/2016. #4206 (1,113sf) sold for $1.05M on 5/31/2016. # (1,120sf) sold for $970K on 5/20/2016. #1404 (1,157sf) sold for $870K on 5/18/2016. #1509 (1,392sf) sold for $1.09M on 5/17/2016. #3801 (1,374sf) sold for $1.17M on 5/10/2016.
In Koolani there is currently 23 fee simple units for sale. 23 of the condos have ocean views, 4 have Diamond Head views and 10 have mountain views.
There are 13 x 2 bedroom floor plans and 10 x 3 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 03, 2016. Information is deemed reliable but not guaranteed.