The Ala Wai Cove is a home for Honolulu condo shoppers seeking a place close to everything, but guaranteed to provide a slower pace and quieter times. The building rises right where University ends its makai run, a site that gives it distinct advantages.
Across the street is Ala Wai Community Park and Ala Wai Elementary, two extremely low-rise entities that will stay that way, so your view of the canal and Waikiki is permanent. They also promise low noise levels to add to the positives of living here.
Traffic levels are very low here, even though you're just off busy Kapiolani Blvd. The only exceptions being the pickup & dropoff times for nearby Iolani School.
The units themselves come in a layouts of Studio/1BA (402 or 414 sq ft), 1BR/1BA (551 – 605 sq ft) and 2BR/1BA (696 – 811 sq ft). Your lanai outside measures 55 to 253 sq ft, bringing views of the Ala Wai Canal, the Koolau Mountains and the city lights around you. The one exception being the lanai-less 08 stack.
It's an easy drive up the street to H1 and just a few minutes more to UH and the rest of Manoa. Turn left on Kapiolani and you can be at Ala Moana Center or the burgeoning leisure choices of Kakaako.
Pet owners – don't miss this! Unlike most Honolulu condos, you can have 2 pets here (verify) – and currently there's not size limit on dogs (verify). A rare opportunity for an affordable eternal view and a place that welcomes pet parents so openly.
The price range of condos for sale in Ala Wai Cove is $275K to $387K with a median price of $360K and median interior of 696sf.
The median price of condos sold in Ala Wai Cove year-to-date (Jan - Oct 21, 2017) is $357K. In previous years it was $316K (2016), $341K (2015), $355K (2014), $367K (2013), $197K (2012), $244K (2011), $277K (2010), $299K (2008), $263K (2006), $220K (2005), $225K (2004).
4 condos have sold in Ala Wai Cove year-to-date (Jan - Oct 21, 2017). In previous years, the total number of condos sold were 2 (2016), 2 (2015), 2 (2014), 2 (2013), 2 (2012), 4 (2011), 4 (2010), 1 (2008), 4 (2006), 3 (2005), 4 (2004).
On average Ala Wai Cove condos were on the market for 40 days before they were sold (Jan - Oct 21, 2017). In previous years it was 162 days (2016), 92 days (2015), 103 days (2014), 107 days (2013), 10 days (2012), 77 days (2011), 43 days (2010), 106 days (2008), 64 days (2006), 41 days (2005), 38 days (2004).
The average days on market for Ala Wai Cove condos before sold was 36 days September 2017.
The ratio of Ala Wai Cove condos sales price vs list price was 92.7% September 2017
1 Ala Wai Cove condo was sold September 2017
The total dollar volume of condos currently for sale in Ala Wai Cove is $1.02M and the sold dollar volume year-to-date (Jan - Oct 21, 2017) is $1.35M. In previous years sold dollar volume was $632K (2016), $683K (2015), $710K (2014), $735K (2013), $394K (2012), $1.03M (2011), $1.13M (2010), $299K (2008), $1.13M (2006), $733K (2005), $899K (2004).
The most recent sale in Ala Wai Cove was a condo located at #502 , sold for $370K on Sep 11, 2017. It had 696sf of interior. 9 other recent sales include: #608 (551sf) sold for $345K on 8/10/2017. #401 (705sf) sold for $371K on 6/29/2017. #607 (414sf) sold for $265K on 6/15/2017. #1008 (551sf) sold for $315K on 7/29/2016. # (551sf) sold for $317K on 4/8/2016. #407 (414sf) sold for $223K on 10/5/2015. #105 (811sf) sold for $460K on 4/29/2015. #703 (696sf) sold for $370K on 8/13/2014. #503 (696sf) sold for $340K on 3/10/2014.
In Ala Wai Cove there is currently 3 fee simple units for sale.
There are 1 studio floor plan and 2 x 2 bedroom floor plans.