See this brief video of Hokua, which shows the building's close proximity to Ala Moana Beach Park and Ward Village's new condo developments.
Good to Know About Hokua Hokua is the first true luxury condo in Honolulu. When sales commenced late 2003, many questioned if there was a need for such level of luxury, coming with a hefty price tag (cosidering year 2003 price levels). The need was there, and 95% of the units were sold before sales commenced. By the time of Hokua's completion - January 2006 - all units were sold and resale prices year 2006 were in many cases close to tripple what original buyers had paid!
This is a very special luxury condo, especially due to the incredible ocean views from almost every unit in the building. The building is very wide - running parallel to the ocean - with many units having living and bedrooms facing the ocean in a floor to ceiling glass window setting.
Until recently, Hokua was considered the number 1 luxury condo in Honolulu. Some argue it remains the number 1 condo, despite the completion of luxury One Ala Moana. Indisputably, the to-be-built ultra-luxury condos of Waiea, Park Lane and Gateway Towers will take the meaning of luxury condo living in Honolulu to new heights.
Hokua was built before much stricter building guidelines were proposed by the Hawaii Community Development Authority - calling for protected view channels / corridors - which allows most condo units in Hokua to have very expansive ocean views. Especially the centrally located “D” stack units offer a sweeping 180 degree ocean views, including Diamond Head and Waikiki skyline.
With all the new condo developments in Kakaako, considering how the ocean views may change is an important aspect to consider. Luckily, the way Hokua is positioned, the vast majority of the units have no or minimal future view risk.
The building has a serviced elevator to be used by handymen, contractors and anyone else carrying equipment, materials etc. Hokua has a strict policy in place, not allowing work related items to be carried through the regular elevators, ensuring the utmost comfortable and pleasant lifestyle for its residents. Owners who are away from Honolulu, but needs work completed in their unit, can arrange for Hokua's staff to let workers in. Overall, the service offered by the Resident Manager, Duane Komine, and his team is second to none.
Arguably the best location in Kakaako, Hokua is just a short stroll away from Ala Moana Shopping Center, yet the location feels very private without the heavy foot traffic nearby. Conveniently, on the 1F, set away from the residence entrance there are 2 casual, but quality, restaurants.
Amenities are top of the line and the BBQ stations are spread out strategically to create utmost privacy, each sitting under a large covered cabana, making it possible to enjoy a barbeque, even on a (rare) rainy day as well.
Storage isn’t always easy to come by in Honolulu, but each Hokua condo has at least 1 storage unit, which is large and usable, located by the parking stalls.
Hokua has for a minimum 90 day rental policy in place (verify), reducing vacationer type traffic and keeping a very homey feel (many newer luxury condos has a 30 day minimum rental policy).
On the mountain side of the buiding's 1st floor - away from the residential lobby - there are 2 casual restaurants: Panya and Tango Cafe.
Hokua Condo Floor Plans There are 7 units on floors 4 - 35 (stack A - G), 5 penthouse units on floors 36 - 39 (H - L) and on the 40F just 3 ultimate penthouse residences, each boasting over 4,000 sqf. There are 5 commercial units on the 1st floor.
Hokua Condos Floors 36 - 39 H: 2,343 sqf, 3BR. Almost identical layout to "A" stack and like "A" located on most western part of building. I: 2314 sqf, 3BR. Bedrooms and living have great southwest ocean views. Bedrooms adjacent to each other. J: 3,056 sqf, 3BR. Incredible wide ocean views from all rooms. Living room's ocean views spans from southwest to southeast with stunning Diamond Head and Waikiki skyline views as well. K: 2,574 sqf, 3BR. Stunning ocean and Diamond Head views from living and all bedrooms. L: 2,222 sqf, 3BR. Nice ocean view from living room. The unit is on the most eastern part of building and on the side is looking in to neighboring Nauru Tower. Bedrooms on mountain side.
Hokua Condos Floor 40 PH-A: 4,415 sqf, 4BR. Western wing of building. PH-B: 4,164 sqf, 4BR. Central part of building and the ultimate unit in Hokua. PH-C: 4,422 sqf, 4BR. Eastern part of building.
Recent Condos Sold in Hokua
Hokua #30F 2 Bd | 2Ba | 1,532 sf Sold Date: 2/16/2018
Hokua #27D 2 Bd | 2Ba | 1,981 sf Sold Date: 2/2/2018
Hokua #25F 2 Bd | 2Ba | 1,532 sf Sold Date: 1/12/2018
Hokua #30D 2 Bd | 2Ba | 1,981 sf Sold Date: 12/21/2017
Hokua #8A 3 Bd | 2.5Ba | 2,325 sf Sold Date: 10/5/2017
Hokua #23C 2 Bd | 2Ba | 1,524 sf Sold Date: 5/31/2017
Hokua #39J 3 Bd | 3.5Ba | 3,056 sf Sold Date: 5/25/2017
Hokua #5D 2 Bd | 2Ba | 1,981 sf Sold Date: 4/24/2017
Hokua #18G 2 Bd | 2Ba | 1,620 sf Sold Date: 4/18/2017
Hokua #9E 2 Bd | 2Ba | 1,531 sf Sold Date: 4/12/2017
We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).