For most Honolulu condo shoppers, Rainbow Place is in a part of town they've probably never seen before. That goes for even longtime local residents. It's back in the area between Kapiolani Blvd and King St as they come together to meet at Market City.
Your neighbors are an interesting of mix with H1 not far from your building's walls, while Kuhio Elementary School and Moilili Cemetery are on, respectively, your mauka and makai sides. So next door is one place you can count on to be quiet most of the time and another that's quiet all the time.
Rainbow Place has 90 units over 20 floors, the residences divided into three layouts – one with 1BR/1BA (540 sq ft) and two with 2BR/1BA (740 or 760 sq ft). No matter which you live in, your lanai is spacious, measuring either 162 or 163 sq ft out in the fresh air.
The views are excellent, taking in the city lights all around, the Koolau Mountains as well as the famous greenery of Manoa. Being close to that valley brings the substantial benefits of cooling winds into your home along with the common sight of rainbows due to the consistent rain of that area.
Despite being tucked back in this area, you can be onto H1 in no time, walk to Foodland or Walgreens, or head into Waikiki for beach time. UH is across the way, too, for pursuing education or cheering on the 'Bows.
The neighborhood of this condo may be uncharted territory for many, but it promises solid advantages and convenience, both inside your home and in your daily life. That's exactly what you want.
Rainbow Place Condos - Trends & Statistics
The price range of condos for sale in Rainbow Place is $388K with a median price of $388K and median interior of 740sf.
The historic median sales price of condos sold in Rainbow Place was $390K (2016), $290K (2015), $325K (2014), $341K (2013), $325K (2012), $306K (2011), $285K (2009), $333K (2008), $332K (2007), $325K (2006), $355K (2005), $250K (2004).
0 condos have sold in Rainbow Place year-to-date (Jan 20, 2017). In previous years, the total number of condos sold were 3 (2016), 5 (2015), 1 (2014), 6 (2013), 1 (2012), 2 (2011), 1 (2009), 2 (2008), 4 (2007), 2 (2006), 1 (2005), 2 (2004).
Historically, the average number of days it took to sell condos in Rainbow Place was 90 days (2016), 52 days (2015), 12 days (2014), 103 days (2013), 40 days (2012), 32 days (2011), 16 days (2009), 183 days (2008), 64 days (2007), 87 days (2006), 12 days (2005), 8 days (2004).
The total dollar volume of condos currently for sale in Rainbow Place is $388K . The sold dollar volume in previous years was $1.09M (2016), $1.6M (2015), $325K (2014), $1.86M (2013), $325K (2012), $612K (2011), $285K (2009), $667K (2008), $1.35M (2007), $650K (2006), $355K (2005), $500K (2004).
The most recent sale in Rainbow Place was a condo located at #1706 , sold for $400K on Sep 26, 2016. It had 740sf of interior. 9 other recent sales include: #2002 (540sf) sold for $300K on 9/26/2016. #901 (740sf) sold for $390K on 8/31/2016. #902 (540sf) sold for $285K on 10/15/2015. #1104 (760sf) sold for $290K on 10/1/2015. #2104 (760sf) sold for $400K on 8/7/2015. #1602 (540sf) sold for $269K on 7/8/2015. #2105 (760sf) sold for $358K on 4/10/2015. #1406 (740sf) sold for $325K on 12/15/2014. #1206 (740sf) sold for $340K on 10/21/2013.
In Rainbow Place there is currently 1 fee simple units for sale. 1 has Diamond Head views and 1 has mountain views.