Hawaii Living

Ala Wai Cove #201 (Kapiolani)

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Photo 1 of 509 University Ave #201, Honolulu
Photo 2 of 509 University Ave #201, Honolulu
Photo 3 of 509 University Ave #201, Honolulu

509 University Ave #201, 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
Own a piece of paradise at the Ala Wai Cove. This rare boutique condo is perfectly situated across the canal from Waikiki and down the street from the University of Hawaii, Iolani School, H-1 Freeway and much more. There’s a proposed upcoming Ala Wai bridge project that would provide you with ease to Waikiki and its beautiful beaches. This cozy low-floor two bedroom unit features 705 sqft of interior space, a spacious 93 sqft open lanai and the bonus option of being able to walk up some stairs to your unit from your deeded parking stall rather then taking the elevator. Step inside this corner unit to discover an open living space with abundant natural light that fills every room to showcase the contemporary finishes while blending island-inspired elegance and modern comforts. The large beautiful new kitchen, flooring, sliding glass door, window and split AC’s add extreme value to this already wonderfully designed unit. Attention to detail and pride in this renovated home is refreshing.
Recent Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.93
  • Price / ft²: $596
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Hot Water, Sewer, Water, None
  • Year Remodeled: 2023
  • Zoning: 13 - A-3 High Density Apartment
  • Flood Zone: Zone A
  • View: City, Diamond Head, Marina/Canal
  • Furnished: None
  • Property Condition: Excellent,Above Average
  • Owner Occupancy: 60%
  • Management Company: Hawaiiana
  • Security Features: Key
  • Amenities: Community Laundry, Resident Manager, Storage, Trash Chute
  • TMK: 1-2-7-13-11-6
  • Tax Assessed Land: $98,700
  • Tax Assessed Improvements: $293,000
  • Tax Assessed Total: $391,700
  • Courtesy: Corcoran Pacific Properties / (808) 589-2040
  • MLS: 202603534
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 19, 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
$399,000
Ala Wai Cove #1003
2 Bds | 1 Ba
696 ft²
$320,000
Ala Wai Cove #205
1 Bd | 1 Ba
551 ft²
Other Kapiolani Condos
$415,000
University Towers #303
2 Bds | 1 Ba
685 ft²
$415,000
Plumeria Hale #802
2 Bds | 1 Ba
717 ft²
$428,000
Ala Wai Manor #902
2 Bds | 1 Ba
750 ft²
$430,000
Kapiolani Royale #1104
2 Bds | 2 Ba
893 ft²
$398,000
Moiliili Gardens #308
2 Bds | 1 Ba
672 ft²
$395,000
Alexander Towers #505
2 Bds | 1 Ba
598 ft²
  • Asking Price: $420,000
Description
Own a piece of paradise at the Ala Wai Cove. This rare boutique condo is perfectly situated across the canal from Waikiki and down the street from the University of Hawaii, Iolani School, H-1 Freeway and much more. There’s a proposed upcoming Ala Wai bridge project that would provide you with ease to Waikiki and its beautiful beaches. This cozy low-floor two bedroom unit features 705 sqft of interior space, a spacious 93 sqft open lanai and the bonus option of being able to walk up some stairs to your unit from your deeded parking stall rather then taking the elevator. Step inside this corner unit to discover an open living space with abundant natural light that fills every room to showcase the contemporary finishes while blending island-inspired elegance and modern comforts. The large beautiful new kitchen, flooring, sliding glass door, window and split AC’s add extreme value to this already wonderfully designed unit. Attention to detail and pride in this renovated home is refreshing.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 19, 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
    $399,000
    Ala Wai Cove #1003
    2 Bds | 1 Ba
    696 ft²
    $320,000
    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.