About Waikiki Grand Hotel The problem with many places in Waikiki is the feeling of being hemmed in by the only growing towers of this district. That's why having an open vista, or something very close to it, is such a prized element of real estate here. Especially when it looks out at some of the best scenery in Waikiki. That's what the Waikiki Grand Hotel delivers.
It's obvious from the name that this is a property aimed at the tourist trade. This condotel sits on Kapahulu Avenue, just up from where it crosses Kalakaua Avenue. The front of the Waikiki Grand stares straight across the road to the Honolulu Zoo and Kapiolani Park's green spaces, with Diamond Head right behind, proudly looking out to sea.
Speaking of sea, being less than ½ block from a world-renowned beach means ocean views. Even after a morning on the sands, which can be reached in a time that should be measured in seconds, rather than minutes, you can still stay in touch with the Pacific waters from your home.
While some owners do live in their units here, the vast majority have used them as intended – on the vacation market. Except for a single 1BR/2BA (478 sq ft), the units are all Studio/1BA, with dimensions of from 195 to 384 sq ft. Only some units have lanais, those measuring either 48 or 51 sq ft.
With its beyond prime location, open views and beach access that vacation dreams are made of, the Waikiki Grand is a turnkey entry to an income property. Time you turned the key and walked in.
The price range of condos for sale in Waikiki Grand Hotel is $210K to $499K with a median price of $380K and median interior of 279sf.
The median price of condos sold in Waikiki Grand Hotel year-to-date (Jan - Jul 26, 2017) is $275K. In previous years it was $206K (2016), $230K (2015), $134K (2014), $178K (2013), $150K (2012), $125K (2011), $168K (2010), $50K (2009), $160K (2008), $232K (2007), $267K (2006), $200K (2005), $165K (2004), $109K (2003).
9 condos have sold in Waikiki Grand Hotel year-to-date (Jan - Jul 26, 2017). In previous years, the total number of condos sold were 10 (2016), 11 (2015), 7 (2014), 14 (2013), 11 (2012), 12 (2011), 6 (2010), 15 (2009), 14 (2008), 20 (2007), 11 (2006), 21 (2005), 38 (2004), 20 (2003).
On average Waikiki Grand Hotel condos were on the market for 17 days before they were sold (Jan - Jul 26, 2017). In previous years it was 120 days (2016), 113 days (2015), 57 days (2014), 72 days (2013), 106 days (2012), 80 days (2011), 222 days (2010), 90 days (2009), 98 days (2008), 55 days (2007), 65 days (2006), 90 days (2005), 71 days (2004), 111 days (2003).
The average days on market for Waikiki Grand Hotel condos before sold was 14 days June 2017 compared to 66 days June 2016.
The ratio of Waikiki Grand Hotel condos sales price vs list price was 92.0% June 2017 compared to 95.9% June 2016.
1 Waikiki Grand Hotel condo was sold June 2017 compared to 4 condos sold June 2016.
The total dollar volume of condos currently for sale in Waikiki Grand Hotel is $1.46M and the sold dollar volume year-to-date (Jan - Jul 26, 2017) is $2.25M. In previous years sold dollar volume was $2.07M (2016), $2.54M (2015), $1.27M (2014), $2.55M (2013), $1.52M (2012), $1.34M (2011), $908K (2010), $1.39M (2009), $2.41M (2008), $4.58M (2007), $2.69M (2006), $3.85M (2005), $6.39M (2004), $2.15M (2003).
The most recent sale in Waikiki Grand Hotel was a condo located at #522 , sold for $345K on Jun 15, 2017. It had 384sf of interior. 9 other recent sales include: #518 (363sf) sold for $280K on 5/31/2017. #P12 (sf) sold for $80K on 5/9/2017. #420 (363sf) sold for $275K on 5/1/2017. #415 (233sf) sold for $330K on 3/10/2017. #807 (195sf) sold for $195K on 2/28/2017. #502 (243sf) sold for $235K on 2/21/2017. #312 (354sf) sold for $320K on 2/3/2017. #817 (236sf) sold for $197K on 1/27/2017. #303 (218sf) sold for $179K on 12/21/2016.
In Waikiki Grand Hotel there is currently 4 fee simple units for sale. 1 of the condo has ocean views, 3 have Diamond Head views and 1 has mountain views.