Built in 1971, with 230 Units over 17 Floors, Studio & 1BR Floor plans, Pets: No.
Amenities include Heated Pool, Exercise Room, BBQ, Recreation Area, Concierge, Restaurant.
Ft Derussy Park, which the Luana looks out on, is 66 acres of mostly green lawn, trees & tropical flora. Only Kapiolani Park can claim more open space in Waikiki.
About Luana Waikiki
The Luana Waikiki is another of the Waikiki condos that went through condotel conversion in the 1st decade of the 21st Century. They did more than just convert the building as-is, though. First, the Luana went through a major remodeling, led by the noted Wayne Parker Interior Design. Only then were the units put on the market.
It remains in many ways a hotel, under the management of the Aqua Resorts since January 2014 (previously under Outrigger Resorts). Your condo can be rented by yourself or your own designated management, of course, or throw it into Aqua's hotel pool and they'll handle the daily chores. That's precisely the best use of your property in this case; a solid vacation rental that creates a steady income from the Waikiki visitor industry, while it also appreciates in value.
The Luana is on Kalakaua, next to the open parkland of Ft Derussy and just a couple of blocks to the beach! The low-rise nature of the park, and the military's few buildings on it, allow for excellent views from the south side, the higher floors even getting a vista of the blue ocean.
The condos all have travertine floors and granite countertops. They also come with a very good furniture package so you're open for guests immediately. There's little to nothing you need to do usually to get started in the vacation condo business.
You'll have a lot to offer vacationers, including a great common area where the pool and gym are found. From there you look out at the park and the ocean. There's also a restaurant within the building and, most importantly, a superb lobby that has a true tropical feel. That's something every traveler to Hawaii craves when they arrive.
They say starting a business in Hawaii can be very difficult. This one, though, is easy to get into and it's in a proven market. This could be the opportunity you've been waiting for.
The price range of condos for sale in Luana Waikiki is $275K to $598K with a median price of $573K and median interior of 588sf.
The median price of condos sold in Luana Waikiki year-to-date (2016) is $265K. In previous years it was $255K (2015), $230K (2014), $325K (2013), $194K (2012), $199K (2011), $216K (2010), $200K (2009), $345K (2008), $336K (2007), $302K (2006), $257K (2005), $235K (2004).
16 condos have sold in Luana Waikiki year-to-date (2016). In previous years, the total number of condos sold were 13 (2015), 17 (2014), 13 (2013), 24 (2012), 8 (2011), 6 (2010), 10 (2009), 3 (2008), 10 (2007), 28 (2006), 34 (2005), 34 (2004).
On average Luana Waikiki condos were on the market for 120 days before they were sold (2016). In previous years it was 99 days (2015), 86 days (2014), 71 days (2013), 102 days (2012), 151 days (2011), 89 days (2010), 69 days (2009), 111 days (2008), 61 days (2007), 100 days (2006), 44 days (2005), 26 days (2004).
The total dollar volume of condos currently for sale in Luana Waikiki is $2.89M and the sold dollar volume year-to-date (2016) is $4.88M. In previous years sold dollar volume was $3.58M (2015), $3.98M (2014), $4.71M (2013), $6.24M (2012), $1.54M (2011), $1.52M (2010), $2.21M (2009), $894K (2008), $3.84M (2007), $9.5M (2006), $11M (2005), $8.38M (2004).
The most recent sale in Luana Waikiki was a condo located at #812 , sold for $300K on Oct 21, 2016. It had 316sf of interior. 9 other recent sales include: #715 (313sf) sold for $275K on 9/23/2016. #304 (307sf) sold for $239K on 9/16/2016. #503 (313sf) sold for $265K on 8/15/2016. #502 (313sf) sold for $264K on 8/8/2016. #119 (313sf) sold for $230K on 7/29/2016. #907 (588sf) sold for $516K on 6/20/2016. #109 (313sf) sold for $242K on 6/16/2016. #402 (313sf) sold for $267K on 6/8/2016. #1610 (313sf) sold for $360K on 5/6/2016.
In Luana Waikiki there is currently 6 fee simple units for sale. 3 of the condos have ocean views, 1 has Diamond Head views and 2 have mountain views.
There are 2 studio floor plans and 4 x 1 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.