Built in 1969, 62 Units on 14 Floors, Studio - 2BR, Pets: OK (verify).
Amenities include Recreation Area, 24-Hour Security Guard.
As the name suggests this was a full-fledged hotel until the conversion was made in the early 2000's.
About Diamond Head Beach Hotel The Diamond Head Beach Hotel condos make up one of the most unusual buildings on Diamond Head's Gold Coast. The most obvious of its differences is its almost pyramid shape. It never comes close to a point, but the you can clearly see the slope inward from bottom to top, resulting in a thinner cap that stands from the mostly conservative architecture of this area.
This unique feature greatly affects the floor plans because they can't follow the traditional stack of duplicate layouts you see in most condominiums. So, the layouts vary from floor to floor, including as many as 19 different Studio floor plans that range from 236 to 466 sq ft. The 1 and 2BR units have equally large variations, starting at 469 sq ft and going on up to 1305.
The smaller unit sizes are one reason many have bought these as investment properties, rather than primary residences. Another, maybe even greater, reason is that this is the only real condotel on the Gold Coast.
Other neighborhood buildings have strict renting requirements, but the Diamond Head Beach Hotel units can be let out for short-term stays, and that includes nightly terms. That has made them excellent income properties. What vacationer doesn't want to stay in a Gold Coast condo?
Just as with other, similar arrangements, you can manage the rental yourself or put it into the hotel pool and let them worry about it.
One feature your guests will love is the oceanside lawn and recreation area, where people often gather at sunrise to watch that daily wonder paints its colors over the ocean that washes up to the shore just feet away.
Do keep in mind that this is a leasehold property whose lease comes up in 2032. This will be an important point in your purchase for both sides of the table. That fact can present issues for many, but for the right buyer it just might be an opportunity presenting itself.
Diamond Head Bch Hotel Condos - Trends & Statistics
The median price of condos sold in Diamond Head Bch Hotel year-to-date (Jan - Mar 26, 2017) is $340K. In previous years it was $199K (2016), $155K (2015), $120K (2014), $127K (2013), $207K (2012), $57K (2011), $310K (2010), $105K (2009), $237K (2008), $260K (2007), $417K (2006), $281K (2005), $155K (2004), $191K (2003).
1 condo has sold in Diamond Head Bch Hotel year-to-date (Jan - Mar 26, 2017). In previous years, the total number of condos sold were 11 (2016), 5 (2015), 3 (2014), 8 (2013), 4 (2012), 8 (2011), 3 (2010), 6 (2009), 3 (2008), 1 (2007), 4 (2006), 8 (2005), 19 (2004), 14 (2003).
On average Diamond Head Bch Hotel condos were on the market for 247 days before they were sold (Jan - Mar 26, 2017). In previous years it was 141 days (2016), 209 days (2015), 225 days (2014), 135 days (2013), 40 days (2012), 42 days (2011), 76 days (2010), 90 days (2009), 59 days (2008), 97 days (2007), 113 days (2006), 19 days (2005), 92 days (2004), 93 days (2003).
The total dollar volume sold in Diamond Head Bch Hotel year-to-date has been $340K(Jan - Mar 26, 2017). In previous years sold dollar volume was $2.24M (2016), $1.15M (2015), $364K (2014), $1.26M (2013), $758K (2012), $483K (2011), $885K (2010), $675K (2009), $1.15M (2008), $260K (2007), $1.68M (2006), $2.61M (2005), $4.08M (2004), $3.4M (2003).
The most recent sale in Diamond Head Bch Hotel was a condo located at #1101 , sold for $340K on Jan 20, 2017. It had 868sf of interior. 9 other recent sales include: #303 (373sf) sold for $107K on 11/30/2016. #904 (333sf) sold for $205K on 11/14/2016. #103 (466sf) sold for $120K on 11/1/2016. #105 (466sf) sold for $96K on 8/31/2016. #405 (363sf) sold for $160K on 8/30/2016. #104 (466sf) sold for $94K on 8/12/2016. #701 (1,002sf) sold for $375K on 8/12/2016. #1002 (469sf) sold for $266K on 7/1/2016. #1105 (291sf) sold for $229K on 4/18/2016.