Built in 1974, 126 Units on 24 Floors, 2BR, Pets: OK (verify).
Amenities include Exercise Room, Heated Pool, Putting Green, Handball Court, Central AC, Porte Cochere.
The building has 24-hour Doorman Service.
Update Mount Terrace will be undergoing major capital improvements: 1) New Window replacement starts July 2017, 2) Concrete spalling repair, 3) AC coils replacement. Total cost per unit is unknown as of now (June 2017), but could add up to be in the $70K-$100K range per unit.
About Mount Terrace It's amazing to realize that Mount Terrace condo was Hawaii Kai's original luxury condo when it first opened. What's even more amazing is that it is still a desirable luxury property today, 4 decades later. That says a lot about not only what it gave residents from the very first day, but how it's been maintained and routinely upgraded since then.
One thing that has remained consistent are the extremely large spaces that the Mount Terrace condos have in every unit. All are 2BR, but there are 3 basic floor plans, each over 1600 sq ft! That's beyond not only most equivalent residences in Hawaii Kai, but in all Oahu. Even better, that space means lots of walls and, in this building, you get something special there. Your outside walls are floor-to-ceiling windows, looking out on the majestic mountains, the neighboring marina and the vast ocean that only ends at the horizon. It is impossible to be bored when you live with all of that before you.
Some units also get one other perk from the mountains. Cool breezes come off those hillsides, bringing a refreshment to the entire home that makes just being there a pleasure. After a hot, stressful day at work, you'll be racing home to luxuriate in Nature's AC. Fortunately, you'll be coming home to park in one of the 2 parking spaces you get with your condo. There'll always be a spot for you to call your own here. Inside the building, on the way to your unit, you'll pass by many beautiful koa wood accents that are present throughout, an elegant Island touch that unmistakably lifts your environment to a higher level.
This building is a classic. It was done right from the very start and it's been continually served by an excellent staff ever since, maintaining the standards that made this property so desirable. New condos may be built that are flashier and larger, but few will have the same enduring value as Mount Terrace.
The price range of condos for sale in MT TERRACE is $649K to $725K with a median price of $715K and median interior of 1,644sf.
The median price of condos sold in MT TERRACE year-to-date (Jan - Sep 24, 2017) is $730K. In previous years it was $750K (2016), $627K (2015), $712K (2014), $680K (2013), $550K (2012), $618K (2011), $593K (2010), $599K (2009), $708K (2008), $730K (2007), $699K (2006), $840K (2005), $597K (2004), $540K (2003).
6 condos have sold in MT TERRACE year-to-date (Jan - Sep 24, 2017). In previous years, the total number of condos sold were 11 (2016), 8 (2015), 9 (2014), 9 (2013), 6 (2012), 10 (2011), 8 (2010), 6 (2009), 6 (2008), 5 (2007), 3 (2006), 6 (2005), 12 (2004), 9 (2003).
On average MT TERRACE condos were on the market for 41 days before they were sold (Jan - Sep 24, 2017). In previous years it was 79 days (2016), 149 days (2015), 78 days (2014), 55 days (2013), 128 days (2012), 66 days (2011), 39 days (2010), 125 days (2009), 37 days (2008), 171 days (2007), 87 days (2006), 121 days (2005), 60 days (2004), 116 days (2003).
The average days on market for MT TERRACE condos before sold was 44 days August 2017 compared to 30 days August 2016.
The ratio of MT TERRACE condos sales price vs list price was 100.0% August 2017 compared to 97.5% August 2016.
1 MT TERRACE condo was sold August 2017 compared to 1 condo sold August 2016.
The total dollar volume of condos currently for sale in MT TERRACE is $3.46M and the sold dollar volume year-to-date (Jan - Sep 24, 2017) is $4.27M. In previous years sold dollar volume was $8.14M (2016), $5.11M (2015), $6.26M (2014), $5.95M (2013), $3.46M (2012), $6.08M (2011), $4.74M (2010), $3.46M (2009), $4.31M (2008), $3.51M (2007), $2.13M (2006), $4.95M (2005), $7.15M (2004), $5.08M (2003).
The most recent sale in MT TERRACE was a condo located at #1F , sold for $598K on Aug 30, 2017. It had 1644sf of interior. 9 other recent sales include: #16E (1,644sf) sold for $650K on 7/19/2017. #3C (1,661sf) sold for $539K on 7/13/2017. #20A (1,644sf) sold for $840K on 6/16/2017. #5A (1,644sf) sold for $839K on 5/10/2017. #18B (1,644sf) sold for $810K on 3/31/2017. #4F (1,644sf) sold for $685K on 12/16/2016. #21F (1,644sf) sold for $780K on 11/18/2016. #9D (1,621sf) sold for $767K on 10/28/2016. #20B (1,644sf) sold for $810K on 9/16/2016.
In MT TERRACE there is currently 5 fee simple units for sale. 5 of the condos have ocean views, 2 have Diamond Head views and 3 have mountain views.