Good to Know About Hokua Hokua is the first true luxury condo in Honolulu. When sales commenced late 2003, many questioned if there was a need for such level of luxury, coming with a hefty price tag (cosidering year 2003 price levels). The need was there, and 95% of the units were sold before sales commenced. By the time of Hokua's completion - January 2006 - all units were sold and resale prices year 2006 were in many cases close to tripple what original buyers had paid!
This is a very special luxury condo, especially due to the incredible ocean views from almost every unit in the building. The building is very wide - running parallel to the ocean - with many units having living and bedrooms facing the ocean in a floor to ceiling glass window setting.
Until recently, Hokua was considered the number 1 luxury condo in Honolulu. Some argue it remains the number 1 condo, despite the completion of luxury One Ala Moana. Indisputably, the to-be-built ultra-luxury condos of Waiea, Park Lane and Gateway Towers will take the meaning of luxury condo living in Honolulu to new heights.
Hokua was built before much stricter building guidelines were proposed by the Hawaii Community Development Authority - calling for protected view channels / corridors - which allows most condo units in Hokua to have very expansive ocean views. Especially the centrally located “D” stack units offer a sweeping 180 degree ocean views, including Diamond Head and Waikiki skyline.
With all the new condo developments in Kakaako, considering how the ocean views may change is an important aspect to consider. Luckily, the way Hokua is positioned, the vast majority of the units have no or minimal future view risk.
The building has a serviced elevator to be used by handymen, contractors and anyone else carrying equipment, materials etc. Hokua has a strict policy in place, not allowing work related items to be carried through the regular elevators, ensuring the utmost comfortable and pleasant lifestyle for its residents. Owners who are away from Honolulu, but needs work completed in their unit, can arrange for Hokua's staff to let workers in. Overall, the service offered by the Resident Manager, Duane Komine, and his team is second to none.
Arguably the best location in Kakaako, Hokua is just a short stroll away from Ala Moana Shopping Center, yet the location feels very private without the heavy foot traffic nearby. Conveniently, on the 1F, set away from the residence entrance there are 2 casual, but quality, restaurants.
Amenities are top of the line and the BBQ stations are spread out strategically to create utmost privacy, each sitting under a large covered cabana, making it possible to enjoy a barbeque, even on a (rare) rainy day as well.
Storage isn’t always easy to come by in a Honolulu condo, but each Hokua condo has at least 1 storage unit, which is large and usable, located by the parking stalls.
Hokua has for a minimum 90 day rental policy in place (verify), reducing vacationer type traffic and keeping a very homey feel (many newer luxury condos has a 30 day minimum rental policy).
On the mountain side of the buiding's 1st floor - far away from the residential lobby - there are 2 casual restaurants: Panya and Tango Cafe.
Hokua At 1288 Ala Moana Condos - Trends & Statistics
The price range of condos for sale in Hokua At 1288 Ala Moana is $1.99M to $21.9M with a median price of $2.95M and median interior of 1,620sf.
The median price of condos sold in Hokua At 1288 Ala Moana year-to-date (Jan - Feb 20, 2017) is $2.4M. In previous years it was $2.65M (2016), $2.31M (2015), $2.35M (2014), $2.14M (2013), $2.27M (2012), $1.92M (2011), $1.97M (2010), $1.8M (2009), $1.82M (2008), $2.04M (2007), $1.01M (2006).
3 condos have sold in Hokua At 1288 Ala Moana year-to-date (Jan - Feb 20, 2017). In previous years, the total number of condos sold were 11 (2016), 10 (2015), 20 (2014), 8 (2013), 14 (2012), 19 (2011), 18 (2010), 17 (2009), 11 (2008), 24 (2007), 223 (2006).
On average Hokua At 1288 Ala Moana condos were on the market for 119 days before they were sold (Jan - Feb 20, 2017). In previous years it was 140 days (2016), 137 days (2015), 112 days (2014), 127 days (2013), 32 days (2012), 85 days (2011), 82 days (2010), 147 days (2009), 107 days (2008), 76 days (2007), 11 days (2006).
The total dollar volume of condos currently for sale in Hokua At 1288 Ala Moana is $89.25M and the sold dollar volume year-to-date (Jan - Feb 20, 2017) is $8.34M. In previous years sold dollar volume was $32.06M (2016), $25.3M (2015), $50.79M (2014), $18.03M (2013), $37.03M (2012), $42.83M (2011), $38.43M (2010), $32.68M (2009), $27.51M (2008), $56.38M (2007), $278.13M (2006).
The most recent sale in Hokua At 1288 Ala Moana was a condo located at #33A , sold for $2.9M on Feb 16, 2017. It had 2325sf of interior. 9 other recent sales include: #4A (2,325sf) sold for $2.4M on 2/9/2017. #26D (1,981sf) sold for $3.94M on 2/9/2017. #20C (1,524sf) sold for $1.99M on 2/6/2017. #19F (1,532sf) sold for $2.23M on 12/9/2016. #32G (1,620sf) sold for $2.65M on 10/7/2016. #17E (1,531sf) sold for $2.7M on 8/2/2016. #29G (1,620sf) sold for $2.65M on 7/25/2016. #22D (1,981sf) sold for $3.98M on 7/13/2016. #14F (1,532sf) sold for $2.2M on 6/28/2016.
In Hokua At 1288 Ala Moana there is currently 21 fee simple units for sale. 20 of the condos have ocean views, 11 have Diamond Head views and 3 have mountain views.
There are 1 x 1 bedroom floor plan, 13 x 2 bedroom floor plans, 6 x 3 bedroom floor plans and 1 x 4 bedroom floor plan.