About Tradewinds Place in Waikiki Ask someone in Waikiki, even a lifetime local, where Lemon Street is and you'll get a blank look. It's actually a short, block-long side street off of Kapahulu Avenue. More importantly, it's about ½ block up from Kalakaua Avenue, where it runs right against the beach.
This is why the Tradewinds Plaza has been successfully running as a condotel for some time, giving visitors one of the top factors they seek on a Waikiki vacation – fast access to the ocean.
Keep in mind that, though it has the condotel zoning, it does not have hotel operations or services. You get the benefits of serving the short stay market, but you run it more as a vacation condo, handling certain things that a front desk normally would.
The building itself went up in 1979 with 80 units in it. 70 of those are Studio/1BA with various floor plans of 266 to 481 sq ft. The other 10 are 1BR/1BA condos that have 519 sq ft of interior space. The Studio lanais take up 22 to 41 sq ft of outdoor relaxation, the 1BRs taking that to 148 sq ft. Higher floors even have ocean views to brag about.
Security is taken seriously here, with fobs that only take you to your floor, security cameras in the garage and elevators and secured door access as well.
Some owners have decided to make this their home, but if you're like most, you'll have your unit on the market, working for you. Don't worry, you can always stay here when you need a break and spend some time on that beach that's just a few steps away.
The price range of condos for sale in Tradewinds Plaza is $310K to $349K with a median price of $329K and median interior of 384sf.
The median price of condos sold in Tradewinds Plaza year-to-date (Jan - Sep 23, 2017) is $220K. In previous years it was $200K (2016), $215K (2015), $199K (2014), $220K (2013), $235K (2012), $230K (2011), $200K (2010), $160K (2009), $200K (2008), $200K (2007), $293K (2006), $240K (2005), $150K (2004), $117K (2003).
3 condos have sold in Tradewinds Plaza year-to-date (Jan - Sep 23, 2017). In previous years, the total number of condos sold were 3 (2016), 3 (2015), 1 (2014), 1 (2013), 1 (2012), 3 (2011), 1 (2010), 3 (2009), 2 (2008), 5 (2007), 3 (2006), 4 (2005), 3 (2004), 2 (2003).
On average Tradewinds Plaza condos were on the market for 29 days before they were sold (Jan - Sep 23, 2017). In previous years it was 67 days (2016), 63 days (2015), 77 days (2014), 43 days (2013), 11 days (2012), 58 days (2011), 39 days (2010), 24 days (2009), 34 days (2008), 101 days (2007), 96 days (2006), 16 days (2005), 14 days (2004), 102 days (2003).
The average days on market for Tradewinds Plaza condos before sold was 27 days August 2017.
The ratio of Tradewinds Plaza condos sales price vs list price was 93.2% August 2017
1 Tradewinds Plaza condo was sold August 2017
The total dollar volume of condos currently for sale in Tradewinds Plaza is $659K and the sold dollar volume year-to-date (Jan - Sep 23, 2017) is $672K. In previous years sold dollar volume was $600K (2016), $725K (2015), $199K (2014), $220K (2013), $235K (2012), $553K (2011), $200K (2010), $538K (2009), $400K (2008), $977K (2007), $865K (2006), $925K (2005), $437K (2004), $235K (2003).
The most recent sale in Tradewinds Plaza was a condo located at #201 , sold for $232K on Aug 09, 2017. It had 321sf of interior. 9 other recent sales include: #402 (287sf) sold for $220K on 5/4/2017. #702 (266sf) sold for $220K on 4/21/2017. #201 (321sf) sold for $195K on 4/22/2016. #1005 (266sf) sold for $205K on 4/6/2016. #303 (277sf) sold for $200K on 2/26/2016. #406 (519sf) sold for $311K on 12/30/2015. #203 (277sf) sold for $180K on 9/21/2015. #405 (519sf) sold for $330K on 7/31/2015. #703 (322sf) sold for $215K on 4/10/2015.
In Tradewinds Plaza there is currently 2 fee simple units for sale. 1 has Diamond Head views and 1 has mountain views.