Hawaii Living

The Watermark #401 (Waikiki)

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Photo 1 of 1551 Ala Wai Blvd #401, Honolulu
Photo 2 of 1551 Ala Wai Blvd #401, Honolulu
Photo 3 of 1551 Ala Wai Blvd #401, Honolulu

1551 Ala Wai Blvd #401, Honolulu

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Call/Text George (808) 554-1635 or send a message using the form below.
George Krischke

George Krischke

Principal Broker
Realtor, RB-18610

Mobile: (808) 554-1635

Email: George@HawaiiLiving.com

We have represented clients in many The Watermark transactions and have a deep understanding of the building's specific nuances. We're happy to answer any questions.
Description
Watermark is one of the premiere condominium buildings in Waikiki! Preferred rarely available "01" corner unit on the lower floor with eye-level view of the boat harbor, ocean and common area of landscaped tropical garden. Additional windows in the kitchen, dining area and main bedroom for extra comfort. Conveniently located to many of the shopping and eating establishments in Waikiki, as well as Ala Moana Shopping Center and Ala Moana Beach Park. This unit offers newly installed flooring, new paint & new refrigerator. Unit taken off the market (Aug 14 - Nov 24, 2025) for renovation. Well planned layout provides both convenience and privacy. Building amenities include heated swimming pool & spa, gym, meeting room, sauna, BBQ area, beautiful garden area with walking path. Two reserved covered parking stalls & storage locker. Concierge desk and 24 hour security.
Recent Activity
  • Dec 23, 2025 Price $1,079,000
  • Nov 24, 2025 Back to Active
  • Aug 14, 2025 Off Market
  • May 01, 2025 Listed at $1,180,000
Recent Sales
(The Watermark)
  • #2502: 2 Bds | 2 Ba @ $1.185M (2/20/26)
  • #1605: 2 Bds | 2 Ba @ $1.225M (11/26/25)
  • #2602: 2 Bds | 2 Ba @ $1.35M (10/20/25)
  • #1905: 3 Bds | 3.5 Ba @ $2.5M (9/24/25)
  • #1704: 2 Bds | 2 Ba @ $1.25M (6/17/25)
  • #1703: 2 Bds | 2 Ba @ $1.23M (1/8/25)
  • #2101: 2 Bds | 2 Ba @ $1.455M (11/18/24)
  • #3004: 2 Bds | 2 Ba @ $1.51M (8/20/24)
  • #704: 2 Bds | 2 Ba @ $1M (8/1/24)
  • #2802: 2 Bds | 2 Ba @ $1.35M (7/23/24)
  • #3503: 2 Bds | 2 Ba @ $1.3M (6/26/24)
  • #2406: 2 Bds | 2 Ba @ $1.485M (6/21/24)
  • #1701: 2 Bds | 2 Ba @ $1.465M (4/19/24)
  • #1904: 2 Bds | 2 Ba @ $1.265M (4/18/24)
  • #3102: 2 Bds | 2 Ba @ $1.365M (4/17/24)
  • #1505: 3 Bds | 3.5 Ba @ $1.999M (4/9/24)
  • #2903: 2 Bds | 2 Ba @ $1.378M (3/12/24)
  • #2403: 2 Bds | 2 Ba @ $1.35M (3/5/24)
  • #801: 2 Bds | 2 Ba @ $1.5M (3/5/24)
  • #303: 2 Bds | 2 Ba @ $965K (3/1/24)
  • #2103: 2 Bds | 2 Ba @ $1.29M (1/25/24)
  • #805: 2 Bds | 2 Ba @ $1.088M (12/1/23)
  • #404: 2 Bds | 2 Ba @ $975K (11/27/23)
  • #3405: 3 Bds | 3.5 Ba @ $3M (11/24/23)
  • #2105: 3 Bds | 3.5 Ba @ $2.558M (10/27/23)
  • #1002: 2 Bds | 2 Ba @ $1.065M (6/19/23)
  • #3604: 2 Bds | 2 Ba @ $1.625M (6/15/23)
  • #1103: 2 Bds | 2 Ba @ $1.02M (6/2/23)
  • #901: 2 Bds | 2 Ba @ $1M (4/11/23)
  • #3602: 2 Bds | 2 Ba @ $1.62M (12/9/22)
  • #3703: 2 Bds | 2 Ba @ $1.6M (11/10/22)
  • #1006: 2 Bds | 2 Ba @ $1.088M (10/26/22)
  • #3505: 2 Bds | 2 Ba @ $2.55M (9/19/22)
  • #3106: 2 Bds | 2 Ba @ $1.65M (5/31/22)
  • #3304: 2 Bds | 2 Ba @ $1.475M (5/9/22)
  • #2002: 2 Bds | 2 Ba @ $1.325M (4/25/22)
  • #1205: 3 Bds | 3.5 Ba @ $1.825M (4/14/22)
  • #802: 2 Bds | 2 Ba @ $1.18M (4/6/22)
  • #2104: 2 Bds | 2 Ba @ $1.4M (3/23/22)
  • #2703: 2 Bds | 2 Ba @ $1.415M (3/22/22)
  • #3605: 2 Bds | 2 Ba @ $1.75M (3/14/22)
  • #2001: 2 Bds | 2 Ba @ $1.496M (1/14/22)
  • #3201: 2 Bds | 2 Ba @ $1.545M (12/9/21)
  • #3504: 2 Bds | 2 Ba @ $1.38M (11/26/21)
  • #1102: 2 Bds | 2 Ba @ $1.09M (11/26/21)
  • #3801: 2 Bds | 2 Ba @ $1.6M (10/29/21)
  • #1601: 2 Bds | 2 Ba @ $1.4M (9/24/21)
  • #2906: 2 Bds | 2 Ba @ $1.425M (9/7/21)
  • #3205: 3 Bds | 3.5 Ba @ $2.4M (8/11/21)
  • #506: 2 Bds | 2 Ba @ $825K (8/4/21)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.67
  • Price / ft²: $902
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2025
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: Marina/Canal
  • Furnished: Partial
  • Property Condition: Above Average
  • Owner Occupancy: 66%
  • Management Company: Associa Hawaii
  • Security Features: Key, Keyed Elevator, Security Patrol, Video
  • Amenities: BBQ, Condo Association Pool, Doorman, Exercise Room, Fire Sprinkler, Heated Pool, Meeting Room, Patio/Deck, Recreation Area, Resident Manager, Sauna, Security Guard, Storage, Trash Chute, Whirlpool
  • TMK: 1-2-6-11-1-14
  • Tax Assessed Land: $240,100
  • Tax Assessed Improvements: $976,900
  • Tax Assessed Total: $1,217,000
  • Courtesy: Diamond Head Realty / (808) 739-0739
  • MLS: 202511076
Ask George a Question
About The Watermark


The Watermark Waikiki, completed in summer 2008, offers a luxury resort-like experience in Waikiki. Its open-air lobby features stone flooring and tropical gardens, staffed by a professional conci



  ... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 22, 2026.Information is deemed reliable but not guaranteed.
Other The Watermark Listings
$1,079,000
The Watermark #504
2 Bds | 2 Ba
1,112 ft²
$1,040,000
The Watermark #1003
2 Bds | 2 Ba
1,118 ft²
$999,000
The Watermark #703
2 Bds | 2 Ba
1,112 ft²
$1,199,900
The Watermark #803
2 Bds | 2 Ba
1,113 ft²
Other Waikiki Condos
$1,098,000
Loft At Waikiki #505
2 Bds | 2 Ba
1,047 ft²
$988,000
Allure Waikiki #1004
2 Bds | 2 Ba
1,234 ft²
$1,150,000
Ritz-Carlton Waikiki
1 Bd | 2 Ba
820 ft²
$1,250,000
$825,000
Lanikea At Waikiki #702
2 Bds | 2 Ba
1,023 ft²
$705,000
Cove Waikiki #B310
2 Bds | 2 Ba
837 ft²
  • Asking Price: $1,079,000
Description
Watermark is one of the premiere condominium buildings in Waikiki! Preferred rarely available "01" corner unit on the lower floor with eye-level view of the boat harbor, ocean and common area of landscaped tropical garden. Additional windows in the kitchen, dining area and main bedroom for extra comfort. Conveniently located to many of the shopping and eating establishments in Waikiki, as well as Ala Moana Shopping Center and Ala Moana Beach Park. This unit offers newly installed flooring, new paint & new refrigerator. Unit taken off the market (Aug 14 - Nov 24, 2025) for renovation. Well planned layout provides both convenience and privacy. Building amenities include heated swimming pool & spa, gym, meeting room, sauna, BBQ area, beautiful garden area with walking path. Two reserved covered parking stalls & storage locker. Concierge desk and 24 hour security.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 22, 2026.Information is deemed reliable but not guaranteed.
    • Dec 23, 2025 Price $1,079,000
    • Nov 24, 2025 Back to Active
    • Aug 14, 2025 Off Market
    • May 01, 2025 Listed at $1,180,000


    The Watermark Waikiki, completed in summer 2008, offers a luxury resort-like experience in Waikiki. Its open-air lobby features stone flooring and tropical gardens, staffed by a professional conci



      ... Read more
    Other The Watermark Listings
    $1,079,000
    The Watermark #504
    2 Bds | 2 Ba
    1,112 ft²
    $1,040,000
    The Watermark #1003
    2 Bds | 2 Ba
    1,118 ft²
    $999,000
    The Watermark #703
    2 Bds | 2 Ba
    1,112 ft²
    $1,199,900
    The Watermark #803
    2 Bds | 2 Ba
    1,113 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.