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)
The price range of condos for sale in Waiea is $1.9M to $36M with a median price of $4.3M and median interior of 2,377sf.
The historic median sales price of condos sold in Waiea was $4.9M (2017), $3.07M (2016).
0 condos have sold in Waiea year-to-date (Jan 21, 2018). In previous years, the total number of condos sold were 24 (2017), 117 (2016).
Historically, the average number of days it took to sell condos in Waiea was 70 days (2017), 9 days (2016).
The average days on market for Waiea condos before sold was 255 days December 2017 compared to 7 days December 2016.
The ratio of Waiea condos sales price vs list price was 100.0% December 2017 compared to 100.0% December 2016.
1 Waiea condo was sold December 2017 compared to 13 condos sold December 2016.
The total dollar volume of condos currently for sale in Waiea is $176.11M . The sold dollar volume in previous years was $123.45M (2017), $415.35M (2016).
The most recent sale in Waiea was a condo located at #2803 , sold for $1.77M on Dec 06, 2017. It had 1139sf of interior. 9 other recent sales include: #Villa 5 (2,494sf) sold for $4.9M on 11/17/2017. #1902 (1,866sf) sold for $3M on 9/29/2017. #1706 (2,146sf) sold for $2.85M on 9/27/2017. #Villa 3 (2,705sf) sold for $4M on 9/25/2017. #Villa 3 (2,682sf) sold for $4.8M on 9/25/2017. #1102 (1,866sf) sold for $2.9M on 8/30/2017. #2501 (2,621sf) sold for $5.36M on 8/8/2017. #1901 (2,377sf) sold for $4.7M on 6/29/2017. #2700 (2,669sf) sold for $6.5M on 6/16/2017.
In Waiea there is currently 23 fee simple units for sale. 22 of the condos have ocean views, 13 have Diamond Head views and 14 have mountain views.
There are 3 x 1 bedroom floor plans, 6 x 2 bedroom floor plans, 11 x 3 bedroom floor plans and 1 x 4 bedroom floor plan.