Built in 1984 with 39 floors and 136 units, studio floor plans, Pets: No.
Amenities include: Pool, Whirlpool, Tennis Court, BBQ Area and Resident Manager.
All units face the ocean offering spectacular views from the higher floors and glass elevators.
Updates Jan 2016: Maintenance fees increased to ~$770/mo per unit effective 1/1/2016 to cover a new 20-year loan for the needed replacement of both exterior elevators. Total cost estimate $4-$5M. Repair is scheduled to start ~April 2016 and might take about 3 years total, or 18-months each elevator.
- Jan 2016: Per general manager Lorenia Leyva #286-5528: ~70% of units are managed by Equus hotel operator. ~20% of units are managed by other rental agencies. ~10% of units are owner occupied or 2nd homes.
About Waikiki Marina Condominium The Waikiki Marina is a tall, skinny condotel close to Ala Mona Beach Park and Ala Moana Center, managed by Aqua Hotels. Originally the Waikiki Marina was strictly a hotel, but today the building is primarily comprised of studio condos, though there are still units operating as hotel rooms. Most of these condos are Fee Simple. The lease on all Leasehold units here expires in 2048. The building features just four units on each floor, all are studios, and all face the ocean.
There is community laundry on the 3rd & 4th floor: 5-washers, 6-dryers total.
The Waikiki Marina is all about location and the excellent amenities, which are available to all residents. Enjoy resort living here with on-site amenities including a pool, whirlpool, tennis court, BBQ and assigned parking for each unit. A resident manager is available to address any concerns or problems that may arise. There’s also a coin-operated laundromat in the building. The great location means you’re in walking distance to more shopping and dining options than you can count and across the street from the Ala Wai Boat Harbor and Yacht Club. Close enough to get to the bustle and nightlife in central Waikiki quickly and easily, but removed enough that you can decide when you want to be in the middle of it and when you’d like a little peace and quiet.
While these condos are fairly small, they are a great investment, for first-time buyers, those in the market for a vacation property, or buyers looking for a place they can rent out. Besides the great location, each unit features a full kitchen, window A/C unit, and from the higher floors, expansive views of the ocean and Oahu’s South Shore. The ride in the two glass elevators offers stunning ocean views as well. And to ensure residents’ comfort and safety, the Waikiki Marina is a secure building. There’s a security guard and the elevators and parking garage both require a keycard.
If you’re looking to get your feet wet in the Waikiki real estate market, the Waikiki Marina should be a top contender. For one thing, the smaller size means you’re looking at a lower price point. But with the amenities galore and the Waikiki location, these condos can be very enticing.
The price range of condos for sale in Waikiki Marina Condominium is $169K to $325K with a median price of $212K and median interior of 365sf.
The median price of condos sold in Waikiki Marina Condominium year-to-date (Jan - Jul 21, 2017) is $226K. In previous years it was $180K (2016), $220K (2015), $172K (2014), $210K (2013), $183K (2012), $77K (2011), $115K (2010), $175K (2009), $100K (2008), $269K (2007), $175K (2006), $155K (2005), $150K (2004), $135K (2003).
6 condos have sold in Waikiki Marina Condominium year-to-date (Jan - Jul 21, 2017). In previous years, the total number of condos sold were 7 (2016), 9 (2015), 7 (2014), 15 (2013), 11 (2012), 11 (2011), 9 (2010), 6 (2009), 3 (2008), 5 (2007), 11 (2006), 19 (2005), 10 (2004), 7 (2003).
On average Waikiki Marina Condominium condos were on the market for 75 days before they were sold (Jan - Jul 21, 2017). In previous years it was 121 days (2016), 120 days (2015), 109 days (2014), 112 days (2013), 105 days (2012), 95 days (2011), 190 days (2010), 144 days (2009), 150 days (2008), 78 days (2007), 103 days (2006), 61 days (2005), 51 days (2004), 46 days (2003).
The average days on market for Waikiki Marina Condominium condos before sold was 42 days June 2017 compared to 141 days June 2016.
The ratio of Waikiki Marina Condominium condos sales price vs list price was 94.1% June 2017 compared to 100.0% June 2016.
2 Waikiki Marina Condominium condos were sold June 2017 compared to 1 condo sold June 2016.
The total dollar volume of condos currently for sale in Waikiki Marina Condominium is $1.41M and the sold dollar volume year-to-date (Jan - Jul 21, 2017) is $1.42M. In previous years sold dollar volume was $1.16M (2016), $1.75M (2015), $1.33M (2014), $2.84M (2013), $1.93M (2012), $1.14M (2011), $1.11M (2010), $1.02M (2009), $460K (2008), $1.26M (2007), $2.17M (2006), $3.67M (2005), $1.46M (2004), $939K (2003).
The most recent sale in Waikiki Marina Condominium was a condo located at #902 , sold for $195K on Jun 28, 2017. It had 386sf of interior. 9 other recent sales include: #3802 (386sf) sold for $270K on 6/23/2017. #2804 (365sf) sold for $220K on 4/28/2017. #3004 (365sf) sold for $299K on 4/13/2017. #3803 (386sf) sold for $232K on 3/30/2017. #2502 (386sf) sold for $210K on 1/26/2017. #1901 (386sf) sold for $120K on 11/3/2016. #1202 (386sf) sold for $189K on 9/9/2016. #1903 (386sf) sold for $195K on 8/31/2016. #1604 (365sf) sold for $180K on 8/26/2016.
In Waikiki Marina Condominium there is currently 6 fee simple units for sale. 3 of the condos have ocean views and 3 have mountain views.