News Kainalu association started seawall repair work May 2017 with an expected completion September 2017. It took more than 7 years to obtain all neccesary permits to get the work undder way. Estimated Costs: ~$2M.
About Kainalu The Kainalu condo isn't the largest or tallest of the Gold Coast, but it does have something very special about it. It's the last condo in that line of coveted buildings along the Pacific Ocean. When you live here you're in the quiet corner of the community, farthest from the noise and traffic of Waikiki. That doesn't mean you're too far away to enjoy the options there, though.
It might be a little farther walk than from other Gold Coast condos, but those Waikiki restaurants and entertainment spots are within a 10 to 15 minute stroll by beautiful scenery all along the way. Don't forget the beaches, like Kaimana & Queens that are part of your neighborhood, too. Not that you have to go very far to feel the sand beneath your feet.
Just below Kainalu is a smaller beach that you'll love visiting whenever you get the urge. As a resident you have a private staircase from the grounds, the bottom step right on the sand. It's just about the closest you'll come to a private beach on the Gold Coast.
The Kainalu condo units are good sized, especially when you factor in the lanais. The Studios alone have 165 sq ft of lanai space on up to the 356 sq ft on the largest 2BRs, which are on the south side. This is very important because all of that southern facing space looks out on crystal blue ocean for as far as your eyes can see.
As many know, these Gold Coast buildings went up before construction was required to be farther away from the coastline. So your Kainalu lanai is something close to a balcony overhanging the ocean itself. That's the dream and you can live it.
The price range of condos for sale in Kainalu is $1.29M to $1.76M with a median price of $1.53M and median interior of 1,031sf.
The median price of condos sold in Kainalu year-to-date (Jan - Jul 22, 2017) is $2.4M. In previous years it was $4.67M (2016), $1.74M (2015), $802K (2014), $1.36M (2013), $780K (2011), $355K (2010), $1M (2008), $695K (2007), $1.8M (2006), $875K (2005), $1.13M (2004), $893K (2003).
1 condo has sold in Kainalu year-to-date (Jan - Jul 22, 2017). In previous years, the total number of condos sold were 1 (2016), 3 (2015), 2 (2014), 3 (2013), 5 (2011), 4 (2010), 2 (2008), 1 (2007), 2 (2006), 10 (2005), 6 (2004), 4 (2003).
On average Kainalu condos were on the market for 73 days before they were sold (Jan - Jul 22, 2017). In previous years it was 168 days (2016), 73 days (2015), 225 days (2014), 231 days (2013), 177 days (2011), 67 days (2010), 97 days (2008), 68 days (2007), 103 days (2006), 57 days (2005), 35 days (2004), 122 days (2003).
The total dollar volume of condos currently for sale in Kainalu is $3.06M and the sold dollar volume year-to-date (Jan - Jul 22, 2017) is $2.4M. In previous years sold dollar volume was $4.67M (2016), $4.71M (2015), $1.6M (2014), $4.55M (2013), $4.25M (2011), $2.72M (2010), $2M (2008), $695K (2007), $3.61M (2006), $11.28M (2005), $8.28M (2004), $3.14M (2003).
The most recent sale in Kainalu was a condo located at #4C , sold for $2.4M on Apr 06, 2017. It had 1316sf of interior. 9 other recent sales include: #8B & (2,478sf) sold for $4.67M on 4/18/2016. #6E (1,072sf) sold for $1.22M on 7/9/2015. #4B (1,162sf) sold for $1.74M on 5/21/2015. #4A (1,162sf) sold for $1.75M on 1/23/2015. #5H (585sf) sold for $580K on 11/27/2014. #3F (900sf) sold for $1.02M on 7/28/2014. #7D (1,072sf) sold for $1.36M on 11/29/2013. #7C (1,316sf) sold for $1.99M on 9/11/2013. #2A (1,162sf) sold for $1.2M on 4/10/2013.
In Kainalu there is currently 2 fee simple units for sale. 2 of the condos have ocean views, 2 have Diamond Head views and 2 have mountain views.