Hawaii Living

721 Paani St (Mccully/Kapiolani)

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721 Paani St, Honolulu
Inquire / Showing / Video Tour
Call agent (808) 343-5000 or use contact form.
We are a team of licensed real estate agents with in-depth knowledge of the pros & cons of every Honolulu neighborhood. For an informed decision when making your purchase, contact us here at Hawaii Living.
Description
Check out this incredible apartment zoned corner lot situated right on the outskirts of Waikiki. Centrally located close to Ala Moana Center, McCully Shopping Center, and UH Manoa, with easy access to major roads and freeways. Currently offers two well-maintained dwellings that have undergone recent updates. Building one is a 3 bedroom 2 bath, had its water heater replaced in 2023, and offers a homey feel. Building two consists of one 2 bedroom 1 bath, and two studios with roofing replaced this year (2023). Additionally, the bathrooms and kitchens have received upgrades. Each building has its own electric meter and one water meter for the whole property. This property presents the perfect opportunity for redevelopment with Honolulu's Bill 7.
Recent Activity
  • Feb 20, 2024 Price $1,650,000
  • May 26, 2023 Listed at $1,690,000
  • Sep 08, 2017 Sold for $1,100,000
  • Jul 15, 2017 In Escrow
  • Jul 11, 2017 Back to Active
  • Jun 28, 2017 In Escrow
  • Jun 22, 2017 Listed at $1,000,000
Past Sales
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $910
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Year Remodeled: 2017
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone AO
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • Furnished: None
  • Property Condition: Average
  • TMK: 1-2-7-5-3-0
  • Tax Assessed Land: $1,184,500
  • Tax Assessed Improvements: $150,600
  • Tax Assessed Total: $1,335,100
  • Courtesy: eXp Realty / (808) 725-2794
  • MLS: 202311496
Ask Tanner a Question
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 28, 2024. Information is deemed reliable but not guaranteed.
Other Mccully/Kapiolani Homes
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2013 Date St
5 Bds | 2 Ba
1,658 ft²
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2023A Fern St
5 Bds | 4 Ba
2,220 ft²
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2819 Waialae Ave
6 Bds | 4 Ba
2,090 ft²
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2023 Fern St
6 Bds | 2 Ba
2,038 ft²
Other Honolulu Homes
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1729 Keeaumoku St
4 Bds | 3 Ba
1,237 ft²
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2521 Henry St
6 Bds | 3 Ba
2,088 ft²
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2120 Star Rd
5 Bds | 4 Ba
3,107 ft²
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1884 Ala Mahamoe St
6 Bds | 4.5 Ba
2,778 ft²
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2485 Booth Rd
6 Bds | 3 Ba
2,810 ft²
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1729 Keeaumoku St
5 Bds | 3 Ba
1,696 ft²
  • Asking Price: $1,650,000
Description
Check out this incredible apartment zoned corner lot situated right on the outskirts of Waikiki. Centrally located close to Ala Moana Center, McCully Shopping Center, and UH Manoa, with easy access to major roads and freeways. Currently offers two well-maintained dwellings that have undergone recent updates. Building one is a 3 bedroom 2 bath, had its water heater replaced in 2023, and offers a homey feel. Building two consists of one 2 bedroom 1 bath, and two studios with roofing replaced this year (2023). Additionally, the bathrooms and kitchens have received upgrades. Each building has its own electric meter and one water meter for the whole property. This property presents the perfect opportunity for redevelopment with Honolulu's Bill 7.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 28, 2024. Information is deemed reliable but not guaranteed.
    • Feb 20, 2024 Price $1,650,000
    • May 26, 2023 Listed at $1,690,000
    • Sep 08, 2017 Sold for $1,100,000
    • Jul 15, 2017 In Escrow
    • Jul 11, 2017 Back to Active
    • Jun 28, 2017 In Escrow
    • Jun 22, 2017 Listed at $1,000,000
    Other Mccully/Kapiolani Homes
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    2013 Date St
    5 Bds | 2 Ba
    1,658 ft²
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    2023A Fern St
    5 Bds | 4 Ba
    2,220 ft²
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    2819 Waialae Ave
    6 Bds | 4 Ba
    2,090 ft²
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    2023 Fern St
    6 Bds | 2 Ba
    2,038 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.