Hawaii Living

Ala Wai Cove #1003 (Kapiolani)

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Photo 1 of 509 University Ave #1003, Honolulu
Photo 2 of 509 University Ave #1003, Honolulu
Photo 3 of 509 University Ave #1003, Honolulu

509 University Ave #1003, Honolulu

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We are expert real estate agents who know Ala Wai Cove very well and have sold many condos in Kapiolani. We would be happy to assist you too.
Description
Set just beyond the energy of Waikiki, this beautifully renovated two-bedroom residence at Ala Wai Cove offers a refined balance of comfort and quality. Thoughtfully updated with high-end materials, the interior features engineered hardwood flooring, a well-appointed kitchen with stainless steel appliances and granite countertops, and an upgraded bathroom with large walk-in shower. The layout feels both functional and inviting, designed for everyday living with a clean, modern aesthetic. Expansive windows and a spacious 93 square foot lanai frame views of the Ala Wai Canal, the ocean beyond, and the vibrant Waikiki skyline, creating a dynamic backdrop from morning to evening. Whether enjoying your morning coffee or winding down at sunset, the lanai extends the living space and invites in cooling island breezes. Conveniently located near Waikiki, Iolani School, the University of Hawaii, shopping, dining, and major thoroughfares, Ala Wai Cove offers easy access to the best of Honolulu while remaining comfortably removed from the crowds.
Recent Activity
  • Jan 01, 2026 Listed at $399,000
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.94
  • Price / ft²: $573
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Other Common Expenses, Sewer, Water
  • Year Remodeled: 2025
  • Zoning: 13 - A-3 High Density Apartment
  • Flood Zone: Zone A
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Coastline, Marina/Canal, Mountain, Ocean, Sunset
  • Furnished: None
  • Property Condition: Excellent
  • Owner Occupancy: 60%
  • Management Company: Hawaiiana
  • Security Features: Card, Key
  • Amenities: Community Laundry, Resident Manager, Storage
  • TMK: 1-2-7-13-11-72
  • Tax Assessed Land: $98,100
  • Tax Assessed Improvements: $337,400
  • Tax Assessed Total: $435,500
  • Courtesy: Compass / (808) 825-4277
  • MLS: 202528533
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 30, 2026.Information is deemed reliable but not guaranteed.
Other Ala Wai Cove Listings
$425,000
Ala Wai Cove #703
2 Bds | 1 Ba
696 ft²
$335,000
Ala Wai Cove #205
1 Bd | 1 Ba
551 ft²
Other Kapiolani Condos
$398,000
Moiliili Gardens #308
2 Bds | 1 Ba
672 ft²
$389,000
Alexander Arms #306
2 Bds | 2 Ba
864 ft²
$415,000
Plumeria Hale #802
2 Bds | 1 Ba
717 ft²
$415,000
Alexander Towers #505
2 Bds | 1 Ba
598 ft²
$380,000
Pawaa Gardens #A207
2 Bds | 1 Ba
576 ft²
$428,000
Ala Wai Manor #902
2 Bds | 1 Ba
750 ft²
  • Asking Price: $399,000
Description
Set just beyond the energy of Waikiki, this beautifully renovated two-bedroom residence at Ala Wai Cove offers a refined balance of comfort and quality. Thoughtfully updated with high-end materials, the interior features engineered hardwood flooring, a well-appointed kitchen with stainless steel appliances and granite countertops, and an upgraded bathroom with large walk-in shower. The layout feels both functional and inviting, designed for everyday living with a clean, modern aesthetic. Expansive windows and a spacious 93 square foot lanai frame views of the Ala Wai Canal, the ocean beyond, and the vibrant Waikiki skyline, creating a dynamic backdrop from morning to evening. Whether enjoying your morning coffee or winding down at sunset, the lanai extends the living space and invites in cooling island breezes. Conveniently located near Waikiki, Iolani School, the University of Hawaii, shopping, dining, and major thoroughfares, Ala Wai Cove offers easy access to the best of Honolulu while remaining comfortably removed from the crowds.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 30, 2026.Information is deemed reliable but not guaranteed.
    • Jan 01, 2026 Listed at $399,000
    Other Ala Wai Cove Listings
    $425,000
    Ala Wai Cove #703
    2 Bds | 1 Ba
    696 ft²
    $335,000
    Ala Wai Cove #205
    1 Bd | 1 Ba
    551 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. The sale may be 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.