Waiea is located on a prime "front row" parcel (Ala Moana Blvd), which is the old parking lot in front of Ward Theatres - between Ward Center and Ward Warehouse. Waiea has contributed to take the Hawaii luxury condo living concept to a new level, which includes 2 ultimate penthouse units, priced at $36M and $35M, respectively.
Units Explained 6 units on the standard floors (8F - 31F) with the most dramatic ocean views from the “A” stack followed by the “B” stack. Units in these 2 preferred stacks come with a private elevator opening directly to a large private foyer (~230sqf), before reaching the residence's front door.
1BR - 3BR with ~1,000sqf to ~3,000sqf of interior space. The "A" stack is the largest, but because of the curving exterior the unit interior sizes vary, though most "A" units are close to 2,700sqf interior (including foyer and balcony total space is 3,000+ sqf).
Units come with 2 parking stalls, except 1BR, which are conveyed with 1 stall.
Waiea, together with Anaha, are the first 2 projects in Howard Hughes' master plan to transform Kakaako's Ward Village to a stunning neighborhood with ~16 high-rise condos, parks, shops, wide sidewalks, cafes & more.
Waiea's 2 Ultimate Penthouse Units (35-36F) GPH-B (36F) - Price: $36M. 5BR / 5.5BA. ~10,000sqf of interior living area with additional 427sqf of private cooridor and elevator lobby area on level 2 and 1,357sqf balcony space. Private pool on 35F (access via stairs or elevator). On 2nd floor the unit will have a 4 car garage with large storage space inside. From the garage there will be direct access to a private hallway and lobby, which belongs to this PH unit (a limited common element). The elevator is the same elevator that serves units C, D, E & F. When the GPH-B owners use the elevator it will not stop on other floors, so it basically has the function of a private elevator. GPH-A (35F) - Price: $35M. ~8,000sqf of interior living area with additional lounge area of 531sqf and 2,043sqf of balcony space. This unit will be sold as shell space and ideal for someone who wants to customize and create their own home. GPH-A will come with a private pool on the 35F. Conveyed with 3 parking stalls.
Other Waiea Penthouse Units (32 - 34F) Just 4 units on these floors (Penthouse A - D) and they range in interior size from ~2,000 to ~4,000sqf with 2 to 4BR. 10ft 6in built-out ceiling heights with 34F expected to be around 12ft ceilings. Note: The initial plan was for 34F to have just 2 units, but the developer decided to create 4 units instead. "PH-A" units come with 3 parking stalls. All other units come with 2.
Building is targeted for LEED certification (relates to being very "green" - highly energy efficient)
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).
We count days on market from listing date through closing date.