News Around year 2006 a collaboration of 10 condo associations from the Gold Coast sued the State of Hawaii to settle who is responsible for the seawall running in front of the Gold Coast condos. The collaboration of condos won at the trial court and circuit court level, but the State appealed all the way to the supreme court and as of August 2016 the case has been with the supreme court for about 10 months, without a verdict yet. This seawall was built more than 100 years ago and it appears the State of Hawaii does not have any documentation, as to who built the wall - it is anyone's guess!
About Diamond Head When you live in the shadow of a world famous icon like Diamond Head, you know you're on some of the most coveted real estate in Honolulu. The neighborhood lies cozily beside Waikiki, taking in much of the open, green space of Kapiolani Park and extending eastward to include the stunning southern shore along the base of Diamond Head itself. Diamond Head condos for sale are typically valued from $400K for a studio to $4M plus for a luxury 3 bedroom unit, with square footage prices often in $1,500 plus range.
Insight to Diamond Head Condos The spectacular Gold Coast Hawaii condos were built on the ocean's edge during the 1950’s and 1960’s and can never be recreated. These condos could not be built in the same locations today because of updated zoning laws and setback requirements. Those conditions have made the existing Gold Coast real estate irreplaceable. Forever limited, they remain special, rare and precious. Gold Coast Hawaii condos are simply priceless.
Diamond Head condos sit where the elite of Hawaii have come for centuries to revel in the matchless beauty that lies at the foot of this towering landmark. It is also Honolulu’s most storied spot for enjoying an unmatched lifestyle due to its one-of-a-kind oceanfront setting, offering eternally mesmerizing ocean, coastline and sunset views. The Diamond Head condo communities include 16 oceanfront residential high rise-condos that stand along the famous Hawaii Gold Coast. Most are congregated together, yet they lack any feeling of overcrowding.
Other noteworthy oceanfront Diamond Head condos, just south of the Gold Coast, include the townhome style Villas at Diamond Head Point (2-story duplex) and Kuu Makana at Diamond Head (2-story fourplex), which in 2013 sold for $7.5M - a record price for condos in Diamond Head.
The base of Diamond Head, close to the southern tip of Kapiolani Park is home to a small number of generous size townhomes, including Queens Court at Kapiolani, Diamond Head Landing and the gated 38 unit La Pietra community. There are also about a dozen more affordable condos along Pualei Circle, Kanaina Ave and Monsarrat Ave.
The Gold Coast Hawaii Neighborhood Though cheek-to-cheek with Waikiki, the Gold Coast represents a different world from the high-rises and crowds of Waikiki. Here you live a more genteel, quieter lifestyle that reflects the ways of a classic Hawaii.
The private and upscale Outrigger Canoe Club is located in between the Gold Coast condos with 2 of its restaurants, Koa Lanai and Hau Tree Lanai, literally hanging on the ocean’s edge, separated by just a seawall with great views of Waikiki and beyond. The club also has a small cozy white sandy beach, exclusive for its members.
A stone throw away is the Kaimana Beach, another local favorite. The sand is perfect and less crowded than the prime tourist areas to the north. Swimmers love this beach, heading out to the open ocean from here for some world-class exercise and enjoyment. It's little wonder that the famous Waikiki Roughwater Swim begins from this spot.
Across the street from the Gold Coast condos is Kapiolani Park, a center for both ends of the activity scale. Local youth soccer games, triathletes doing intensive workouts and rugby tournaments are common sights alongside local families enjoying a leisurely cookout or the traditional luau celebrating the 1st birthday of a beloved baby.
Though the beaches and ocean aren't as easy to access as you progress from the Gold Coast further south around Diamond Head, your efforts are rewarded. Quieter, with fewer people, beaches here offer something special for those who want a little more solitude. These areas also provide more challenging waves. On most days you'll see a parade of experienced surfers heading down the trails from Diamond Head Rd to take on the swells that have earned a well-deserved reputation.
It's not just the waves that call them, though. It's the natural splendor and peace of this place that satisfies something within. Buy a condo here on Hawaii’s Gold Coast and you'll feed your soul for a lifetime.
The Seawall at Hawaii's Gold Coast The seawall along Diamond Head's famed Gold Coast has been part of some controversy over the years. Who is responsible for its upkeep; The State of Hawaii or the Association's of the condos? Litigation between the State and several Gold Coast condo Associations has been going on for several years on this issue, though not much has been done to maintain the seawall, besides the State's upgrade to the seawall directly in front of Diamond Head Ambassador in 1993. For details on the lawsuit see this page on FindLaw.
The price range of condos for sale in Diamond Head is $194K to $8.88M with a median price of $1.1M and median interior of 976sf.
The median price of condos sold in Diamond Head year-to-date (Jan - Aug 23, 2017) is $515K. In previous years it was $675K (2016), $585K (2015), $545K (2014), $525K (2013), $499K (2012), $480K (2011), $520K (2010), $400K (2009), $619K (2008), $612K (2007), $655K (2006), $540K (2005), $367K (2004), $335K (2003).
42 condos have sold in Diamond Head year-to-date (Jan - Aug 23, 2017). In previous years, the total number of condos sold were 55 (2016), 69 (2015), 73 (2014), 80 (2013), 67 (2012), 65 (2011), 69 (2010), 46 (2009), 48 (2008), 63 (2007), 75 (2006), 113 (2005), 128 (2004), 123 (2003).
On average Diamond Head condos were on the market for 96 days before they were sold (Jan - Aug 23, 2017). In previous years it was 134 days (2016), 123 days (2015), 106 days (2014), 95 days (2013), 87 days (2012), 87 days (2011), 72 days (2010), 104 days (2009), 104 days (2008), 67 days (2007), 72 days (2006), 57 days (2005), 70 days (2004), 83 days (2003).
The average days on market for Diamond Head condos before sold was 43 days July 2017 compared to 75 days July 2016.
The ratio of Diamond Head condos sales price vs list price was 98.3% July 2017 compared to 95.7% July 2016.
2 Diamond Head condos were sold July 2017 compared to 4 condos sold July 2016.
The total dollar volume of condos currently for sale in Diamond Head is $79.23M and the sold dollar volume year-to-date (Jan - Aug 23, 2017) is $35.89M. In previous years sold dollar volume was $50.41M (2016), $61.96M (2015), $70.01M (2014), $67.58M (2013), $58.84M (2012), $56.96M (2011), $55.17M (2010), $35.98M (2009), $49.83M (2008), $61.68M (2007), $74.8M (2006), $105.25M (2005), $85.29M (2004), $62.65M (2003).
The most recent sale in Diamond Head was a condo located at #203 , sold for $410K on Aug 14, 2017. It had 485sf of interior. 9 other recent sales include: # (683sf) sold for $522K on 8/11/2017. #304 (1,014sf) sold for $1.37M on 8/10/2017. #3 (1,422sf) sold for $2.8M on 8/3/2017. #116 (664sf) sold for $495K on 7/31/2017. #704 (346sf) sold for $167K on 7/28/2017. #406 (607sf) sold for $975K on 7/18/2017. #PH05 (236sf) sold for $178K on 6/26/2017. #304 (648sf) sold for $793K on 6/20/2017. #303 (615sf) sold for $448K on 6/16/2017.
In Diamond Head there is currently 39 fee simple and 5 leasehold units for sale. 28 of the condos have ocean views, 26 have Diamond Head views and 19 have mountain views.
There are 4 studio floor plans, 16 x 1 bedroom floor plans, 15 x 2 bedroom floor plans, 7 x 3 bedroom floor plans and 2 x 4 bedroom floor plans.
History of Diamond Head Diamond Head condos have had a great impact on Hawaii's recent history. During the 1950's the first high-rise residences began going up on the west side of this neighborhood. Overlooking the ocean, they proved very popular and sold out quickly. Things wouldn't go so smoothly in the next
In 1961 the City Council took up the question of changing the zoning to also allow high-rise condos in the area further to the east, specifically the area between the front of Diamond Head and the ocean. An uproar erupted the immediately. What was most remarkable were the very strange bedfellows leading the charge. The expected environmentally concerned citizens came out, of course, but joining them were the elite residents of Diamond Head, including Walter Dillingham. As one of the primary creators of modern Honolulu and several Island neighborhoods that didn't previously exist, he was a curious addition to an anti-development group. Still, it was his backyard this time. He wasn't the only prominent name with significant development connections that now stood against these new Diamond Head condos because of how they could affect not only their lifestyle, but their view.
The fight went on for years, getting coverage in Newsweek and Time and even an editorial in the New York Times. Finally, in 1981, the City Council froze zoning as it stood in 1961. This fight kick-started the local anti-development movement that became very vocal in the 1970's and 80's. People now began to fight back against new construction in Hawaii as never before. It makes one wonder if some of those Diamond Head residents realized they were unleashing a force that they'd face themselves on projects elsewhere in the Islands.