Good to Know About Koolani From the moment you enter Koolani’s grand lobby you know this building is something special, feeling more like a Balinese luxury resort’s lobby, with extensive use of wood and stone materials in dark accents. The sense of a resort continues throughout the elevators and hallways.
The door to each unit in Koolani is strategically positioned far from one another, creating a very private feel. Inside the units have floor to ceiling glass windows and a good portion of the upper window slides open, which is particularly nice in the morning hours when the sun is behind Koolani.
Most condos in Koolani have great southwest facing ocean views, but those views will be somewhat impacted, as Waiea and Anaha are being built (expected completion Nov 2016 and summer 2017, respectively). The best ocean views are over Ward Center, which should remain for many years to come. However, Howard Hughes (developer and Ward Center land owner) has plans to built 2 high-rises on that land in the distant future, which would drastically impact the views of condos in Koolani.
The amenities at Koolani are top of the line and includes the largest gym & fitness facilities of any condo in Honolulu, with steam room, yoga / pilates classes and more. Service is also top of the line and the helpful staff will gladly assist you getting groceries up to your room.
Right in front of Koolani is a mini-park, popular among families with young children. This park will remain and there are no plans to develop any high-rises on that land.
As Waiea and Anaha are built, Koolani condos ocean views will be impacted a bit. More importantly, Howard Hughes (major land owner and developer in Kakaako) has plans to built on land between Hokua and Waiea (most likely in distant future), which will impact the ocean views of Koolani significantly.
The price range of condos for sale in Koolani is $849K to $3.5M with a median price of $1.37M and median interior of 1,489sf.
The median price of condos sold in Koolani year-to-date (Jan - Jun 29, 2017) is $1.09M. In previous years it was $1.05M (2016), $950K (2015), $920K (2014), $880K (2013), $880K (2012), $841K (2011), $862K (2010), $800K (2009), $979K (2008), $900K (2007), $830K (2006).
13 condos have sold in Koolani year-to-date (Jan - Jun 29, 2017). In previous years, the total number of condos sold were 15 (2016), 27 (2015), 35 (2014), 32 (2013), 15 (2012), 23 (2011), 24 (2010), 27 (2009), 28 (2008), 38 (2007), 398 (2006).
On average Koolani condos were on the market for 100 days before they were sold (Jan - Jun 29, 2017). In previous years it was 138 days (2016), 122 days (2015), 101 days (2014), 97 days (2013), 86 days (2012), 73 days (2011), 83 days (2010), 117 days (2009), 67 days (2008), 119 days (2007), 7 days (2006).
The average days on market for Koolani condos before sold was 162 days May 2017 compared to 109 days May 2016.
The ratio of Koolani condos sales price vs list price was 95.8% May 2017 compared to 95.3% May 2016.
3 Koolani condos were sold May 2017 compared to 5 condos sold May 2016.
The total dollar volume of condos currently for sale in Koolani is $24.55M and the sold dollar volume year-to-date (Jan - Jun 29, 2017) is $16.49M. In previous years sold dollar volume was $17.09M (2016), $27.57M (2015), $38.71M (2014), $30.31M (2013), $12.71M (2012), $21.09M (2011), $21.24M (2010), $23.36M (2009), $31.38M (2008), $40.87M (2007), $350.13M (2006).
The most recent sale in Koolani was a condo located at #3406 , sold for $990K on Jun 21, 2017. It had 1157sf of interior. 9 other recent sales include: #2206 (1,157sf) sold for $948K on 6/19/2017. #505 (1,157sf) sold for $835K on 6/9/2017. #1707 (1,151sf) sold for $930K on 6/2/2017. #1903 (1,026sf) sold for $928K on 5/31/2017. #3209 (1,392sf) sold for $1.16M on 5/29/2017. #4303 (1,120sf) sold for $1M on 5/26/2017. #4108 (1,461sf) sold for $1.48M on 5/24/2017. #2102 (1,561sf) sold for $1.3M on 4/10/2017. #2801 (1,374sf) sold for $1.09M on 3/29/2017.
In Koolani there is currently 16 fee simple units for sale. 14 of the condos have ocean views, 2 have Diamond Head views and 9 have mountain views.
There are 8 x 2 bedroom floor plans and 8 x 3 bedroom floor plans.
Koolani Floor Plans Units are located on floors 7 through 48, with floors 7 through 45 being very similar and penthouse units on 46 - 48F.
Koolani Condos Floors 7 - 45 “01”: 1,374sqf, 3BR, mountain facing, located on the most western part of building. “02”: 1,561sqf, 3BR, ocean views and located on most western part of building. Living rooms & 2 of the bedrooms are facing the ocean. “03”, “04”, “05”, “06”, “07”: 1,108sqf - 1,157sqf, 2BR with all rooms have south west facing ocean views. “08”: 1,518sqf, 2BR, ocean views located on most eastern part of building. Living and master bedroom have south west facing ocean views and master bedroom and 2nd bedroom on higher floors also have ocean and Waikiki views, facing south east. “09”: 1,392sqf, 3BR, mountain facing, located on most eastern part of building. The 2nd and 3rd bedrooms have ocean and Waikiki views on the higher floors.
Some units from the 34th floor and up also have a very small balcony.
Koolani Penthouse Floors (46 - 48) The penthouse units stretch over 3 floors (46th - 48th) with interior living space on the 46 - 47 and the 48th floor being a rooftop deck. There are a total of 11 penthouse units. “01”: 1,958sqf, 2BR + Den located on mountain side of the western part of building. Living room on 46F and 2BR + Den on 47F. “02”: 2,115sqf with 526sqf rooftop lanai, 2BR. Living on 46F and 2BR on 47F. Located on western part of building with ocean views. “03”: 1,927sqf with 587sqf feet rooftop lanai. Living on 46F with 2BR on 47F. Located next to “02” stack with ocean views. “04”, “05”, “07”: ~ 2,600sqf with 363sqf - 476sqf rooftop lanai. Living + 1BR on 46F and remaining 3BR on 47F. Beautiful southwest facing ocean views. “06”: 2,508sqf, 3BR + Den. No rooftop lanai. Nice southwest facing ocean views. “08”: 2,376sqf with 487sqf rooftop lanai. 4BR with living + 1BR on 46F and remaining 3BR on 47F. Nice ocean view, facing south west. “09”: 1,802sqf with 433sqf rooftop lanai, 2BR. Living on 46F and 2BR on 47F. Some south west facing ocean views. “10”: 2,497sqf with 390sqf rooftop lanai, 2BR. Living on 46F and bedrooms on 47F. Beautiful southeast facing ocean views with Waikiki skyline as well in between other buildings obstructed some of the views. “11”: 1,801sqf, 2BR. 46F living room with 47F bedrooms. Mountain facing.
More About Koolani The Koolani condo in Honolulu has a unique take on lifestyle that could be called 'Active Luxury'. If you're seeking a home that'll give you the greatest possibilities in exercise and entertaining, this is the place to be. For example, there are 2 tennis courts, not the standard others offer, and they're lighted. That active quality extends to your professional life, too. The business center provides a convenient site for meetings that will allow you to play host in an impressive environment. Wireless internet access is provided in all common areas as well so you're always connected, even in the recreation spaces.
Most of the Koolani condos look out on the pristine ocean, across Ala Moana Park. A choice of 2, 3 and 4 bedroom floor plans gives you options, all of them attractive. All are roomy, the sizes starting at 1,162 sq ft and expanding upward from there. The units have full, modern kitchens with designer details, such as Viking appliances and cabinets with modern, clear doors.
The Koolani condo has the unique features that'll feed your active side, yet fully satisfy your desires for the finer things, making it a special place to call home in Hawaii.