About The Watermark Entering The Watermark Waikiki condo is like checking in to a luxury resort in the tropics. It starts with the breeze filled, open air lobby, complete with stone floor and surrounding tropical gardens. No doubt you'll be greeted by one of the building's staff, known for their professionalism and beyond-the-expected levels of service.
Worn out from the day? Take a dip in the heated lagoon-style infinity pool with more than enough room to do a few strokes. The palm trees around the deck will keep the stress-free mood going as you slide onto one of the lounge chairs after your swim is done.
Prefer a workout? The gym's walls are floor-to-ceiling windows so your time on the state-of-the-art machines are spent gazing out at the meticulously kept gardens just outside. Once you're done, head into the sauna, one each for Men & Women, and take an invigorating steam.
Daily living in the Watermark condos are equally pleasurable. Elegant touches like Brazilian granite countertops, African brushed Mahogany cabinets and Viking appliances in your kitchen. Your view? Every unit faces the ocean so you're always looking the right way for that breathtaking view.
Corner units, -01 & -06, have windows on three sides, bringing in sunlight like few other places. While the middle units, -02 through -05, don't have that advantage, they are equally fortunate by having every room face out the ocean side, a good trade if there ever was one.
We can't end without mentioning that 1 entire acre of the property is given over to landscaped gardens that include walking paths and places to relax & reflect. You're also an easy walk from both Ala Moana Center & Ala Moana Beach Park, two places that'll probably become almost 2nd homes.
The price range of condos for sale in The Watermark is $998K to $2.99M with a median price of $1.31M and median interior of 1,112sf.
The median price of condos sold in The Watermark year-to-date (Jan - May 23, 2017) is $1.3M. In previous years it was $1.27M (2016), $1.2M (2015), $1.51M (2014), $1.16M (2013), $1.09M (2012), $1.1M (2011), $1.1M (2010), $960K (2009), $820K (2008).
3 condos have sold in The Watermark year-to-date (Jan - May 23, 2017). In previous years, the total number of condos sold were 11 (2016), 9 (2015), 18 (2014), 19 (2013), 18 (2012), 18 (2011), 10 (2010), 6 (2009), 2 (2008).
On average The Watermark condos were on the market for 27 days before they were sold (Jan - May 23, 2017). In previous years it was 90 days (2016), 114 days (2015), 82 days (2014), 60 days (2013), 102 days (2012), 108 days (2011), 78 days (2010), 221 days (2009), 104 days (2008).
The ratio of The Watermark condos sales price vs list price was 100.0% April 2017 compared to 97.1% April 2016.
2 The Watermark condos were sold April 2017 compared to 2 condos sold April 2016.
The total dollar volume of condos currently for sale in The Watermark is $23.9M and the sold dollar volume year-to-date (Jan - May 23, 2017) is $3.95M. In previous years sold dollar volume was $14.2M (2016), $11.47M (2015), $29.7M (2014), $22.81M (2013), $19.82M (2012), $20.15M (2011), $11.55M (2010), $6.01M (2009), $1.64M (2008).
The most recent sale in The Watermark was a condo located at #2704 , sold for $1.36M on Apr 20, 2017. It had 1112sf of interior. 9 other recent sales include: # (1,112sf) sold for $1.29M on 4/17/2017. #2902 (1,112sf) sold for $1.3M on 3/24/2017. #606 (1,118sf) sold for $880K on 9/2/2016. #2101 (1,196sf) sold for $1.3M on 7/26/2016. #3802 (1,112sf) sold for $1.65M on 7/21/2016. #2403 (1,112sf) sold for $1.18M on 7/14/2016. #2201 (1,196sf) sold for $1.32M on 6/20/2016. #3705 (1,269sf) sold for $1.65M on 4/22/2016. #3401 (1,196sf) sold for $1.55M on 4/15/2016.
In The Watermark there is currently 16 fee simple units for sale. 13 of the condos have ocean views, 1 has Diamond Head views and 10 have mountain views.
There are 14 x 2 bedroom floor plans and 2 x 3 bedroom floor plans.
The Watermark Floor Plans There are 6 units (Floor Plan A, B, BR, C1, C2, D) on floors 2-34. Except there are only 5 units (Floor Plan A, B, BR, C1, E) on the floors where the developer combined stack -05 and -06, to create 16 large 3-bedroom corner end units (Floor Plan E) with 2,198 sqf and two lanais with 144 sqf total. These units are located on the Diamond Head end of the building on floors: 11, 12, 14, 15, 17, 18, 19, 20, 21, 22, 23, 25, 28, 30, 32 & 34. There are 5 units on floors 35-37. (Floor Plan A, B, BR, C1, C3) There are 4 units on floor 38. (Floor Plan A, B, BR, Penthouse #1) There is one single grand penthouse on floor 39. (Floor Plan Penthouse #2)
Floor Plan Details Floor Plan A, stack -01: 1,196 sqf, 2 BR / 2 BA with 68 sqf lanai. (Except: #201 has a huge 1,110 sqf lanai above the porte cochere; #601 and #3301 have a 94sqf lanai). This is a corner end unit with extra window in the living room, located on the Ala Wai side of the building. Bedrooms are on the mountain side.
Floor Plan B, stack -02: 1,110 sqf 2 BR / 2BA with 78 sqf lanai. (Except: #202 - #602, #3402 and #3802 have larger 215 -227 sqf lanais that cover the width of the unit). Bedrooms face the ocean and are separated by the living room.
Floor Plan BR, stack -03: 1,115 sqf 2 BR / 2BA with 78 sqf lanai. (Except: #203 - #603, #3403 and #3803 have larger 215 – 227 sqf lanais that cover the width of the unit). Bedrooms face the ocean and are separated by the living room.
Floor Plan C1, stack -04: 1,112 sqf 2 BR / 2BA with 78 sqf lanai. (Except: #204 - #504, and #3304 have larger 222 sqf lanais that cover the width of the unit). Bedrooms face the ocean and are separated by the living room.
Floor Plan C2, stack -05: 1,081 sqf 2 BR / 2BA with 78 sqf lanai. (Except: #205 - #405, and #3305 have larger 218 - 224 sqf lanais that cover the width of the unit). Bedrooms face the ocean and are separated by the living room.
Floor Plan D, stack -06: 1,196 sqf, 2 BR / 2 BA with 66 sqf lanai. (Except: #406 and #3306 have a 90 sqf lanai). This is a corner end unit with extra window in the living room, located on the Diamond Head side of the building. Bedrooms are on the mountain side. Floor Plan E, stack -05 and -06 combined, on floors 11, 12, 14, 15, 17, 18, 19, 20, 21, 22, 23, 25, 28, 30, 32 & 34 only, (replaces
Floor Plan C2 & D): 2,193 sqf, 3 BR / 2.5 BA with 2 lanais 144 sqf total.
Floor Plan C3, stack -05, on floors 35-37 only (replaces Floor Plan C2): 1,269 sqf 2 BR / 2BA + Den with 76 -1,045 sft lanai. Bedrooms face the ocean and are separated by the living room.
Floor Plan Penthouse #1, stack -04 and -05 combined, 1,845 sqf with large roof top lanai, on floor 38 only.
Floor Plan Penthouse #2, stack -02 and -03 combined, 2,250 sqf with large roof top deck, on floor 39 only.
The Watermark Views All Watermark condos have great garden and Ala Wai Canal views. Stack -01 through -04 have ocean views from about floor 5 and above. All units have wide ocean views from about floor 17 and above.
Additional background At one time, around 1990, long before the Watermark, this 4-acre under utilized and partially vacant parcel was considered a potential home for the Hawaii Convention Center. Outrigger Hotels aggressively bought individual condos in existing neighboring buildings with the intent to have majority interest for future redevelopment and hotel use.
Eventually the Convention Center was completed in 1997, but across the street, on the other side of the Ala Wai Canal. By then the real estate market had cooled off and Outrigger sold off their accumulated condos for about 50 cents to the dollar, focusing on the redeveloping the Waikiki Beach Walk. It took another decade until the Watermark got its start in 2005.
The developer Irongate Ala Wai Investors purchased the 4-acre parcel and together with Guerin Glass Architects, Architects Hawaii, and Philpotts & Associates designed what is now known as The Watermark. Some adjacent old 1950s 3-story walkup buildings were also purchased and renovated at the same time. Today the Watermark owns the air rights for these low rise buildings behind the Watermark to ensure open views towards the mountains.
Shortly after building permits and public report had been approved by the City, Irongate quietly sold off the project before construction started. The new owner was California based developer Intracorp, with local born Punahou graduate Keith Fernandez who wanted to come back to Hawaii and make his mark. A Ground Breaking and Blessing ceremony for ‘Waikiki’s New Mark of Distinction’ took place on July 8th, 2005. Sales started in September 2005 and construction soon afterwards in November 2005.
A brand new 13,800 sq ft public park was developed on Hobron Lane. Generous deep 22.5 to 36 ft setbacks created new public open recreational space with wider sidewalks surrounding the property beyond the Watermark development’s fence line. The design greatly improved the pedestrian experience. The Watermark development maintained 60% of open space, much more than the 50% required by zoning. This is a rare concession by any development and adds to the enjoyment and quality of life at the Watermark.
Several design improvements and material selection changes along the way, carefully blending beautiful tropical woods, natural stone and bronze elements, created a new urban oasis with subtle natural elements reminiscent of classic Hawaiian architecture.
Rising from expansive private gardens, surrounded by wide open public spaces, the building reaches skyward toward incomparable views, with modern sophistication while honoring the roots for the love of the land. A lifestyle of solitude but yet so very close and surrounded by all the excitement Honolulu has to offer.
The Watermark won several awards since completion Summer 2008 for its amazing sprawling landscaped gardens, including the recently won prestigious IREM awards for best building manager and best condo in 2013 and 2014. No wonder many today consider The Watermark Waikiki’s premier residence.