About Waikiki Grand Hotel
The problem with many places in Waikiki is the feeling of being hemmed in by the only growing towers of this district. That's why having an open vista, or something very close to it, is such a prized element of real estate here. Especially when it looks out at some of the best scenery in Waikiki. That's what the Waikiki Grand Hotel delivers.
It's obvious from the name that this is a property aimed at the tourist trade. This condotel sits on Kapahulu Avenue, just up from where it crosses Kalakaua Avenue. The front of the Waikiki Grand stares straight across the road to the Honolulu Zoo and Kapiolani Park's green spaces, with Diamond Head right behind, proudly looking out to sea.
Speaking of sea, being less than ½ block from a world-renowned beach means ocean views. Even after a morning on the sands, which can be reached in a time that should be measured in seconds, rather than minutes, you can still stay in touch with the Pacific waters from your home.
While some owners do live in their units here, the vast majority have used them as intended – on the vacation market. Except for a single 1BR/2BA (478 sq ft), the units are all Studio/1BA, with dimensions of from 195 to 384 sq ft. Only some units have lanais, those measuring either 48 or 51 sq ft.
With its beyond prime location, open views and beach access that vacation dreams are made of, the Waikiki Grand is a turnkey entry to an income property. Time you turned the key and walked in.
The price range of condos for sale in Waikiki Grand Hotel is $184K to $339K with a median price of $295K and median interior of 354sf.
The median price of condos sold in Waikiki Grand Hotel year-to-date (2016) is $218K. In previous years it was $230K (2015), $134K (2014), $178K (2013), $150K (2012), $125K (2011), $168K (2010), $50K (2009), $160K (2008), $232K (2007), $267K (2006), $200K (2005), $165K (2004), $109K (2003).
8 condos have sold in Waikiki Grand Hotel year-to-date (2016). In previous years, the total number of condos sold were 11 (2015), 7 (2014), 14 (2013), 11 (2012), 12 (2011), 6 (2010), 15 (2009), 14 (2008), 20 (2007), 11 (2006), 21 (2005), 38 (2004), 20 (2003).
On average Waikiki Grand Hotel condos were on the market for 144 days before they were sold (2016). In previous years it was 113 days (2015), 57 days (2014), 72 days (2013), 106 days (2012), 80 days (2011), 222 days (2010), 90 days (2009), 98 days (2008), 55 days (2007), 65 days (2006), 90 days (2005), 71 days (2004), 111 days (2003).
The average days on market for Waikiki Grand Hotel condos before sold was 57 days November 2016 compared to 123 days November 2015.
The ratio of Waikiki Grand Hotel condos sales price vs list price was 98.5% November 2016 compared to 87.9% November 2015.
1 Waikiki Grand Hotel condo was sold November 2016 compared to 1 condo sold November 2015.
The total dollar volume of condos currently for sale in Waikiki Grand Hotel is $818K and the sold dollar volume year-to-date (2016) is $1.69M. In previous years sold dollar volume was $2.54M (2015), $1.27M (2014), $2.55M (2013), $1.52M (2012), $1.34M (2011), $908K (2010), $1.39M (2009), $2.41M (2008), $4.58M (2007), $2.69M (2006), $3.85M (2005), $6.39M (2004), $2.15M (2003).
The most recent sale in Waikiki Grand Hotel was a condo located at #421 , sold for $255K on Nov 17, 2016. It had 363sf of interior. 9 other recent sales include: #301 (243sf) sold for $195K on 7/12/2016. #700 (271sf) sold for $190K on 6/24/2016. #503 (269sf) sold for $207K on 6/16/2016. #P30 (sf) sold for $80K on 6/15/2016. #509 (306sf) sold for $307K on 6/15/2016. #905 (243sf) sold for $230K on 4/5/2016. #221 (363sf) sold for $230K on 3/28/2016. #1004 (378sf) sold for $400K on 11/20/2015. #502 (243sf) sold for $210K on 10/19/2015.
In Waikiki Grand Hotel there is currently 3 fee simple units for sale. 1 of the condo has ocean views, 2 have Diamond Head views and 1 has mountain views.
There is 3 studio floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 04, 2016. Information is deemed reliable but not guaranteed.