Built in 2005, 96 Units on 31 Floors, All 2BR Floor plans, Pets: OK (verify).
Amenities include Heated Pool, BBQ Area, Jacuzzi & 24-Hour Security.
1st residential condo developed in Waikiki for more than a decade, when completed year 2005.
Update The old Nike Town building is going to be developed into a boutique hotel, with plans to add just 3 additional floors making it 100ft tall. This is great news for many Lanikea owners as their ocean views are preserved.
About Lanikea at Waikiki 4 x 2BR units per floor, each with just over 1,000 sf of interior and approximately 90 sf usable balcony space. 01 and 04 stack corner units balconies are somewhat more private whereas 02 and 03 stack balconies are slight more open / exposed.
30th floor units have same interior size & layout, but balconies are much larger at 200 sf and have a rectangular shape (regular floors have curving / round spaced balconies).
The 31st floor - top floor penthouse level - also has 4 units, which were originally sold by the developer, as bare concrete. PH1 and PH4 are corner units, has just over 1,250 sf interior with a 195 sf balcony and high vaulted ceiling in the living space. PH2 and PH3 penthouse units (in center) are just over 1,850 sf interior with 185 sf balcony space and stretches over 2 stories.
01 and 04 units - mirror images - have living room on ocean side and the 2 bedrooms on the mountain side. Several windows in these units, which is great for cross-breeze ventilation and also give units a lighter feel.
02 and 03 units - mirror images - have living room face the ocean and the 2 bedrooms wrapped on either side of the living room, also facing the ocean.
All units come with central AC and 2 parking stalls (verify). 2 elevators in building.
Amenities Ground level has a beautiful large pool with hot tub and a couple of barbecue stations. No gym, guest suites or other noteworthy amenities.
Also Good to Know About Lanikea at Waikiki Owners are responsible for cleaning their own windows - there is no quarterly building window cleaning organized by the association, as is the case with most other upscale condos in Honolulu. Building set back 1 lot from Kuhio Ave, which reduces the noise from busy Kuhio Ave. Car parking and on-foot building entry possible from both Olomana St and Kalaimoku St. Developer: Alexander & Baldwin - renowned local developer - who also developed Waihonua and The Collection, both projects in Kakaako. Developer purchased several surrounding lots when developing Lanikea in order to get approval to built 350 ft - the height of Lanikea at Waikiki. Guest parking is open air with entry from Kalaimoku, near Ala Wai Blvd.
The price range of condos for sale in Lanikea At Waikiki is $699K to $2.6M with a median price of $975K and median interior of 1,023sf.
The median price of condos sold in Lanikea At Waikiki year-to-date (Jan - Oct 22, 2017) is $822K. In previous years it was $760K (2016), $870K (2015), $785K (2014), $727K (2013), $770K (2012), $700K (2011), $791K (2010), $670K (2009), $732K (2008), $802K (2007), $875K (2006), $569K (2005).
4 condos have sold in Lanikea At Waikiki year-to-date (Jan - Oct 22, 2017). In previous years, the total number of condos sold were 9 (2016), 2 (2015), 7 (2014), 6 (2013), 11 (2012), 5 (2011), 6 (2010), 6 (2009), 8 (2008), 13 (2007), 11 (2006), 100 (2005).
On average Lanikea At Waikiki condos were on the market for 91 days before they were sold (Jan - Oct 22, 2017). In previous years it was 133 days (2016), 140 days (2015), 121 days (2014), 126 days (2013), 109 days (2012), 107 days (2011), 94 days (2010), 92 days (2009), 152 days (2008), 55 days (2007), 79 days (2006), 4 days (2005).
The average days on market for Lanikea At Waikiki condos before sold was 97 days September 2017 compared to 49 days September 2016.
The ratio of Lanikea At Waikiki condos sales price vs list price was 97.4% September 2017 compared to 94.8% September 2016.
1 Lanikea At Waikiki condo was sold September 2017 compared to 1 condo sold September 2016.
The total dollar volume of condos currently for sale in Lanikea At Waikiki is $10.84M and the sold dollar volume year-to-date (Jan - Oct 22, 2017) is $3.45M. In previous years sold dollar volume was $7.41M (2016), $1.74M (2015), $5.69M (2014), $4.5M (2013), $8.8M (2012), $3.78M (2011), $4.75M (2010), $4.2M (2009), $6.19M (2008), $10.88M (2007), $9.48M (2006), $60.97M (2005).
The most recent sale in Lanikea At Waikiki was a condo located at #2502 , sold for $950K on Sep 21, 2017. It had 1023sf of interior. 9 other recent sales include: #1004 (1,017sf) sold for $660K on 6/7/2017. #3004 (1,025sf) sold for $1.15M on 5/2/2017. #602 (1,023sf) sold for $694K on 2/23/2017. #2604 (1,025sf) sold for $985K on 11/14/2016. #904 (1,017sf) sold for $710K on 9/6/2016. #3002 (1,025sf) sold for $912K on 8/22/2016. #2803 (1,023sf) sold for $770K on 6/16/2016. #903 (1,023sf) sold for $760K on 4/15/2016. #702 (1,023sf) sold for $700K on 3/31/2016.
In Lanikea At Waikiki there is currently 9 fee simple units for sale. 9 of the condos have ocean views, 7 have Diamond Head views and 6 have mountain views.
There are 1 x 1 bedroom floor plan and 8 x 2 bedroom floor plans.