Built in 2007, 720 Units on 48 Floors, 1 to 4BR Floor plans, Pets: Ok (verify).
Amenities include Pool, Jacuzzi, Putting Green & Driving Range, Tennis Courts, Fitness, BBQ Area, Movie Theaters and more.
Developed by Hawaii based KC Rainbow Development Co. Built on ~ 4.57 acres of land.
Updates Jan 2016: Recent litigation with the developer has finally been settled in full with a $250K win for the Moana Pacific association. Conventional Fannie Mae / Freddie Mac financing is again readily available with low cash down payment, mortgage insurance or 2nd mortgage (verify). Dec 2015: Lobby & hallways renovation completed.
Good to Know About Moana Pacific Moana Pacific consists of 2 towers - east & west - and the amenities deck shared among the towers is the largest in Honolulu.
The towers are very popular because of the condos relatively reasonable price tag - compared with nearby newer condos - great location and, in many cases, nice ocean views.
Buyers looking for a condo with ocean views, close proximity to Ala Moana and a price tag below $1M, the condos at Moana Pacific may be worthwhile exploring. “03” - “08” stacks face the ocean, whereas “01”, “02” and “09” are mountain facing units.
Moana Pacific Floor Plans Residents occupy floors 6 through 48 and the floor plans are identical for the East & West Tower.
Moana Pacific Condos Floors 8 - 12 & 15 - 45 Moana Pacific does not have a 13th or 14th floor. Each of the others floors have 9 units each - 6 facing the ocean and 3 facing the mountain. “03” & “08”: 1,206sqf, 3BR identical corner units with lots of natural light and bedrooms on mountain side. “04” & “07”: 1,113sqf, 2BR + Den identical units located next to the 3BR units, with all rooms facing ocean. “05” & “06”: 1,105sqf, 2BR + Den centrally positioned units with all units facing ocean “02” & “09”: 923sqf, 2BR identical units with all rooms facing mountain - smallest 2BR configurations. “01”: 701sqf, Only 1BR unit per floor, facing mountain.
Floors 6 & 7 Same layout as standard floor plans, with a few units missing, due to amenities taking up some of the space on the 6th floor and on the 7th floor there is an open space to fitness center below.
Moana Pacific Condos Floors 46 - 47 "03": 2,310sqf, “03” & “04” units “05”: 2,208sqf, "05" & “06” units combined. Other units are same size and layout, as standard floor plans.
Moana Pacific Penthouse Floor Plans (48) The 48F is made up of just 3 units: “PH-1” & “PH-1R”: 3,573sqf. PH-1 takes up entire east wing of the floor with all 3 bedrooms on mountain side and PH-1R is the mirror image on the west wing of the floor. “PH-2”: 3,481sqf. 4BR penthouse with all rooms facing ocean, located in central part of building.
Both the East and West Tower in Moana Pacific has some preferable units. The East Tower offers better views from the “03” stack whereas the West Tower offers better views from the “08” stack. Some lower floor units facing ocean may be preferred in East Tower, set back from busy Kapiolani Blvd. Each unit comes with a lanai (balcony), but very small and insignificant.
Moana Pacific Condos - Trends & Statistics
The price range of condos for sale in Moana Pacific is $26K to $2.88M with a median price of $869K and median interior of 1,113sf.
The median price of condos sold in Moana Pacific year-to-date (Jan - Oct 22, 2017) is $800K. In previous years it was $786K (2016), $720K (2015), $693K (2014), $645K (2013), $631K (2012), $602K (2011), $598K (2010), $603K (2009), $685K (2008), $630K (2007).
45 condos have sold in Moana Pacific year-to-date (Jan - Oct 22, 2017). In previous years, the total number of condos sold were 48 (2016), 51 (2015), 42 (2014), 45 (2013), 44 (2012), 34 (2011), 38 (2010), 28 (2009), 53 (2008), 679 (2007).
On average Moana Pacific condos were on the market for 51 days before they were sold (Jan - Oct 22, 2017). In previous years it was 82 days (2016), 104 days (2015), 81 days (2014), 56 days (2013), 63 days (2012), 34 days (2011), 87 days (2010), 65 days (2009), 75 days (2008), 8 days (2007).
The average days on market for Moana Pacific condos before sold was 32 days September 2017 compared to 73 days September 2016.
The ratio of Moana Pacific condos sales price vs list price was 99.5% September 2017 compared to 98.8% September 2016.
6 Moana Pacific condos were sold September 2017 compared to 3 condos sold September 2016.
The total dollar volume of condos currently for sale in Moana Pacific is $12.83M and the sold dollar volume year-to-date (Jan - Oct 22, 2017) is $34.14M. In previous years sold dollar volume was $35.12M (2016), $34.78M (2015), $27.87M (2014), $25.8M (2013), $27M (2012), $19.37M (2011), $21.42M (2010), $15.91M (2009), $38.31M (2008), $423.44M (2007).
The most recent sale in Moana Pacific was a condo located at #II-804 , sold for $735K on Oct 19, 2017. It had 1113sf of interior. 9 other recent sales include: #II-3102 (923sf) sold for $760K on 9/22/2017. #2304 (1,113sf) sold for $875K on 9/22/2017. #I-3101 (701sf) sold for $597K on 9/20/2017. #4701 (701sf) sold for $615K on 9/11/2017. #C5045 (sf) sold for $33K on 9/11/2017. #S327 (139sf) sold for $32K on 9/8/2017. #E 4204 (1,105sf) sold for $988K on 8/30/2017. #II-1004 (1,113sf) sold for $700K on 8/25/2017. #2004E (1,113sf) sold for $818K on 8/22/2017.
In Moana Pacific there is currently 16 fee simple units for sale. 11 of the condos have ocean views, 4 have Diamond Head views and 4 have mountain views.
There are 4 studio floor plans, 8 x 2 bedroom floor plans and 4 x 3 bedroom floor plans.
More About Moana Pacific If you noted the 'built in' date, you realize that the Moana Pacific condo opened at the absolute height of the real estate boom. Sales were announced to begin before groundbreaking, which prompted potential buyers to begin lining up at the project's sales center 8 days before the scheduled start. Some rented U-Hauls to sleep and live in while waiting.
The building sold out very quickly, though the developer held back 10% of the Moana Pacific condos for themselves. They still own most of those today. It's no wonder because this is not only a luxury property, which tend to appreciate very well, it's also right on the edge of the Kakaako development, which will surely increase the desirability of the address.
In addition to the benefits of the new Kakaako projects that are coming, this residence is already walking distance from the 2 biggest shopping centers in central Honolulu, the Ala Moana Shopping Center and the malls at Ward. Dining, entertainment, stores of every kind, including a few you didn't know existed are a stroll away from your living room couch.
Your living room, along with the rest of your home, is surrounded by windows that go from floor to ceiling, something you'll appreciate most of all if you live in the south side, where the ocean views are found. A special feature of this building are the curved areas that give you a modern, unique perspective right in your home.
Each of the Moana Pacific towers has its own theater, fitness center and party room to use, but the best perks might be the putting green and driving cages. If you're not a golfer, there's the 2 tennis courts to work up a sweat on with your friends.
This is the perfect place for homebuyers who want something a little more modern, both in amenities and in the building itself. There's something about living with a curved wall that make life a little more interesting.