Built in 1980, 121 Units on 32 Floors, Studio & 1BR, Pets: No.
Amenities include Sauna, Pool, Whirlpool, Party Room, Security Guard.
The 1BRs have full kitchens!
About Pacific Monarch Waikiki's Pacific Monarch will most likely not be your primary residence. This is an investment, an income-making property, maybe even your place to stay when you want to enjoy some beach time. As a condotel, proximity to the sands is extremely important to getting guest bookings for your room. No worries about that here.
The building stands right on Kuhio Ave and Uluniu Ave. The central stretch of Waikiki Beach is a 2 minute, or less, stroll straight down Uluniu. The district's two enclosed lagoons, popular for their calm waters, are directly in front of you where the street meets the ocean, beckoning you to come in for a cool dip.
Another concern with Waikiki condos, even for vacationers, is the noise factor. Some of your potential guests may not mind a more active environment, but for others it's a negative. The Pacific Monarch has the dual advantages of being in the central area of the district, yet far enough east to be out of the bar and nightclub area where it can get raucous. You have the convenience of close proximity to all the nightlife options, but without being in the midst of them. A Win-Win.
Many condos in Pacific Monarch are managed by Aqua Hotels, so you can give them the work of booking and managing the room if you choose. No need to constantly worry about what's going on with your property.
The building has attractions of its own to offer on-site, including a rooftop pool, hot tub, sauna and a party/game room that the kids will especially enjoy. Security guards are always on duty as well, so the your safety, and that of your guests, is protected.
Finally, you might even end up with an ocean view unit, which is the ultimate in easy sell for a vacation property. Regardless, you have a lot going for you as an owner looking for a property that can maintain the bookings you need. As more and more Hawaii visitors turn to the vacation condo option instead of a traditional hotel, this could be your time to invest.
The price range of condos for sale in Pacific Monarch is $450K to $645K with a median price of $547K and median interior of 443sf.
The median price of condos sold in Pacific Monarch year-to-date (Jan - May 26, 2017) is $370K. In previous years it was $344K (2016), $315K (2015), $277K (2014), $229K (2013), $225K (2012), $300K (2011), $239K (2010), $239K (2009), $220K (2008), $260K (2007), $270K (2006), $268K (2005), $197K (2004), $140K (2003).
5 condos have sold in Pacific Monarch year-to-date (Jan - May 26, 2017). In previous years, the total number of condos sold were 10 (2016), 9 (2015), 8 (2014), 7 (2013), 5 (2012), 5 (2011), 7 (2010), 7 (2009), 9 (2008), 6 (2007), 11 (2006), 21 (2005), 18 (2004), 11 (2003).
On average Pacific Monarch condos were on the market for 44 days before they were sold (Jan - May 26, 2017). In previous years it was 67 days (2016), 102 days (2015), 63 days (2014), 55 days (2013), 117 days (2012), 45 days (2011), 53 days (2010), 81 days (2009), 82 days (2008), 104 days (2007), 45 days (2006), 61 days (2005), 97 days (2004), 71 days (2003).
The average days on market for Pacific Monarch condos before sold was 32 days April 2017 compared to 38 days April 2016.
The ratio of Pacific Monarch condos sales price vs list price was 95.6% April 2017 compared to 101.6% April 2016.
1 Pacific Monarch condo was sold April 2017 compared to 1 condo sold April 2016.
The total dollar volume of condos currently for sale in Pacific Monarch is $1.09M and the sold dollar volume year-to-date (Jan - May 26, 2017) is $1.84M. In previous years sold dollar volume was $3.47M (2016), $2.96M (2015), $2.34M (2014), $1.6M (2013), $1.5M (2012), $1.49M (2011), $1.65M (2010), $2.09M (2009), $2.17M (2008), $1.74M (2007), $3.37M (2006), $5.94M (2005), $3.64M (2004), $1.76M (2003).
The most recent sale in Pacific Monarch was a condo located at #1707 , sold for $280K on May 16, 2017. It had 443sf of interior. 9 other recent sales include: #2808 (360sf) sold for $370K on 5/1/2017. #603 (443sf) sold for $430K on 4/27/2017. #2502 (443sf) sold for $435K on 2/24/2017. #2101 (360sf) sold for $330K on 1/20/2017. #1403 (433sf) sold for $490K on 12/22/2016. #806 (443sf) sold for $410K on 12/6/2016. #1105 (356sf) sold for $250K on 12/5/2016. #2108 (360sf) sold for $298K on 9/30/2016. #1302 (443sf) sold for $450K on 8/12/2016.
In Pacific Monarch there is currently 2 fee simple units for sale. 2 of the condos have ocean views, 1 has Diamond Head views and 1 has mountain views.