Built in 2008, 356 Units on 42 Floors, 1 - 3BR, Pets: OK (verify)
Amenities include Fitness Center, BBQ Area, Heated Pool, Whirlpool Spa, 24 Hour Security, Shops on street level
The building sponsors pictures with Santa every Christmas for residents as well as big Halloween activities!
About Keola Lai You might call the Keola Lai condo an early entry in the Kakaako condo boom. It sits right on the edge of the district, just before it crosses over into Downtown. For the downtown office worker this is a perfect location. Walk not just to work, but to Eat the Street, to shopping and dining at Ward, to Blaisdell Center and, in time, to the vast array of options in the new Kakaako, too! Now, what about the condos themselves?
The vast majority of the condos in Keola Lai are 2BRs that have a range of 934 to 1045 sq ft within them. As you can tell, there's a few floor plans just in that set alone. The remaining are 1BR, with 673 sq ft and 3BRs that each have about 1402 sq ft of space.
The layout of each level varies somewhat, primarily in whether the end units are taken up by a 3BR that spans the whole or is divided into 2 1BRs. All the condos have high ceilings, 8 and ½ feet tall to be exact, which give a roomy, airy feel to the space.
The higher floor Keola Lai condos on the makai side get the ocean views, but the outlook is excellent no matter where you are as you aren't hemmed in like the buildings in Waikiki. You're also right beside some of the best city lights in the evenings as well, which add a comforting glow to the nights.
The extras are all extremely nice and well maintained like the glassed-in fitness center, a wonderfully heated pool and a recreation deck that has an awesome lookout itself across Honolulu on all sides. There's also a lot of guest parking, something that can be an ongoing annoyance for those who like to have friends and family over often.
The Keola Lai condo building does a good job of going beyond the usual amenities to make living here enjoyable and encourage a community feel. In addition to the already mentioned Holiday activities, they occasionally show movies in the cool evenings outside on the deck, popcorn included. Due to the high standards of the staff and the upscale features here, some have actually compared it to being in a hotel.
The one drawback is that you'll be living right next to a large construction site as this area is transformed. That will add some noise and a lot of activity to your immediate surroundings for some time. However, it will all pay off when you're sitting in the hottest neighborhood in Honolulu. In the meantime, there are the many pluses to the Keola Lai that outweigh the minuses. Today's irritation is just the path to tomorrow's joys as Kakaako takes shape.
Parking Location: 1st - 5th floor. Entry: 1st floor from Emily and South St and 3rd floor from Queen St (up the ramp).
The price range of condos for sale in Keola Lai is $599K to $1.15M with a median price of $742K and median interior of 1,033sf.
The median price of condos sold in Keola Lai year-to-date (Jan - Apr 27, 2017) is $735K. In previous years it was $707K (2016), $720K (2015), $660K (2014), $645K (2013), $590K (2012), $580K (2011), $572K (2010), $589K (2009), $680K (2008).
7 condos have sold in Keola Lai year-to-date (Jan - Apr 27, 2017). In previous years, the total number of condos sold were 25 (2016), 31 (2015), 15 (2014), 32 (2013), 17 (2012), 15 (2011), 26 (2010), 19 (2009), 11 (2008).
On average Keola Lai condos were on the market for 99 days before they were sold (Jan - Apr 27, 2017). In previous years it was 72 days (2016), 88 days (2015), 120 days (2014), 61 days (2013), 39 days (2012), 95 days (2011), 77 days (2010), 94 days (2009), 51 days (2008).
The average days on market for Keola Lai condos before sold was 139 days March 2017 compared to 89 days March 2016.
The ratio of Keola Lai condos sales price vs list price was 97.3% March 2017 compared to 97.7% March 2016.
1 Keola Lai condo was sold March 2017 compared to 2 condos sold March 2016.
The total dollar volume of condos currently for sale in Keola Lai is $6.5M and the sold dollar volume year-to-date (Jan - Apr 27, 2017) is $4.97M. In previous years sold dollar volume was $17.89M (2016), $23.71M (2015), $10.3M (2014), $22.23M (2013), $10.33M (2012), $9.57M (2011), $16.32M (2010), $11.39M (2009), $7.44M (2008).
The most recent sale in Keola Lai was a condo located at #2509 , sold for $995K on Apr 20, 2017. It had 1402sf of interior. 9 other recent sales include: #3101 (1,402sf) sold for $970K on 4/17/2017. #1501 (1,402sf) sold for $980K on 4/10/2017. #1909 (993sf) sold for $715K on 3/29/2017. #C3010 (sf) sold for $25K on 2/22/2017. #3106 (1,045sf) sold for $735K on 2/21/2017. #1201 (686sf) sold for $554K on 1/27/2017. #901 (686sf) sold for $560K on 12/30/2016. #3502 (1,002sf) sold for $800K on 12/30/2016. #3807 (934sf) sold for $728K on 12/19/2016.
In Keola Lai there is currently 8 fee simple units for sale. 7 of the condos have ocean views, 3 have Diamond Head views and 4 have mountain views.
There are 1 x 1 bedroom floor plan, 5 x 2 bedroom floor plans and 2 x 3 bedroom floor plans.