About Ilikai Marina From the name, Ilikai Marina, you know 2 things immediately. One is that it's next to the older Ilikai property. The other is that it looks right out over the marina, which transitions into the Pacific Ocean spread out before you. This is one advantage it has over its sister building.
The original Ilikai is built in a Y-formation, so units on the right and left side of the stem of the Y look directly east or west. It's not a bad view by any means, but it's not straight on to the ocean. All Ilikai Marina condos on the south side face head on to the ocean. No head turning required.
That's a primary reason why this building is popular with owners as an investment property. The guaranteed vista that comes with those condos in Ilikai Marina attracts vacationers easily to rent their units, creating ongoing income.
You're just inside Waikiki on west side, so Ala Moana Beach Park and Ala Moana Center, the largest outdoor shopping mall in the U.S., are easily within walking distance. Why compete for beach space with other tourists when you can enjoy the expansive sand that locals know and love in Ala Moana? After sun & soak, you can wine & dine at Ala Moana Center and cap off the perfect day.
The sizes of the floorplans in the Ilikai Marina condos are in line with average Honolulu condos. Studios are 455 sq ft and the 1BRs vary between 651 & 742 sq ft, so they fit right in with other properties in the travel market.
That's what you'll be selling to your clients as the proud owner of a Waikiki vacation condo. Sounds like it won't be a hard sell at all.
The price range of condos for sale in Ilikai Marina is $358K to $599K with a median price of $478K and median interior of 539sf.
The median price of condos sold in Ilikai Marina year-to-date (Jan - Jul 22, 2017) is $595K. In previous years it was $465K (2016), $327K (2015), $354K (2014), $268K (2013), $226K (2012), $350K (2011), $386K (2010), $350K (2009), $395K (2008), $390K (2007), $396K (2006), $250K (2005), $359K (2004), $158K (2003).
5 condos have sold in Ilikai Marina year-to-date (Jan - Jul 22, 2017). In previous years, the total number of condos sold were 17 (2016), 6 (2015), 15 (2014), 22 (2013), 15 (2012), 10 (2011), 10 (2010), 9 (2009), 3 (2008), 10 (2007), 16 (2006), 25 (2005), 19 (2004), 9 (2003).
On average Ilikai Marina condos were on the market for 108 days before they were sold (Jan - Jul 22, 2017). In previous years it was 103 days (2016), 55 days (2015), 86 days (2014), 35 days (2013), 55 days (2012), 91 days (2011), 151 days (2010), 52 days (2009), 99 days (2008), 95 days (2007), 46 days (2006), 35 days (2005), 46 days (2004), 85 days (2003).
The average days on market for Ilikai Marina condos before sold was 385 days June 2017.
The ratio of Ilikai Marina condos sales price vs list price was 100.0% June 2017
1 Ilikai Marina condo was sold June 2017
The total dollar volume of condos currently for sale in Ilikai Marina is $957K and the sold dollar volume year-to-date (Jan - Jul 22, 2017) is $2.65M. In previous years sold dollar volume was $6.96M (2016), $2.24M (2015), $5.66M (2014), $7.38M (2013), $4.38M (2012), $3.27M (2011), $3.61M (2010), $3.1M (2009), $1.07M (2008), $3.85M (2007), $6.74M (2006), $7.96M (2005), $6M (2004), $2.02M (2003).
The most recent sale in Ilikai Marina was a condo located at #590 , sold for $450K on Jul 13, 2017. It had 651sf of interior. 9 other recent sales include: #1894 (651sf) sold for $605K on 7/7/2017. #892 (679sf) sold for $610K on 6/27/2017. #1692 (651sf) sold for $595K on 5/26/2017. #999 (742sf) sold for $390K on 3/10/2017. #1785 (427sf) sold for $305K on 10/31/2016. # (445sf) sold for $300K on 10/24/2016. #788 (651sf) sold for $588K on 10/4/2016. #1191 (427sf) sold for $273K on 9/20/2016. #1188 (651sf) sold for $578K on 8/18/2016.
In Ilikai Marina there is currently 2 fee simple units for sale. 1 of the condo has ocean views and 1 has mountain views.