Hawaii Living

The Watermark #703 (Waikiki)

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Photo 1 of 1551 Ala Wai Blvd #703, Honolulu
Photo 2 of 1551 Ala Wai Blvd #703, Honolulu
Photo 3 of 1551 Ala Wai Blvd #703, Honolulu

1551 Ala Wai Blvd #703, Honolulu

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Description
Discover luxurious island living in this exceptional Waikiki Residence. The inviting lobby sets the tone, while the gym overlooks a lagoon-style infinity pool and lush gardens. This 2-bedroom, 2 bath home features 2 garage parking stalls, a spacious 1,112 sq ft interior, and 76 sq ft lanai. The gourmet kitchen boasts granite countertops and Viking appliances. Bedrooms are thoughtfully separated for privacy. Enjoy top-tier amenities, including a relaxing sauna, walking path, water features, BBQ area, concierge services, and 24-hour security across four acres of land. Conveniently located near Waikiki Beach, Ala Moana Beach, Ala Moana Shopping Center, and fine dining, this property is an exceptional investment opportunity. The seller, as a second-home owner, did not use it much.
Recent Activity
  • Sep 08, 2025 Price $1,140,000
  • Apr 29, 2025 Listed at $1,155,000
Recent Sales
(The Watermark)
  • #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)
  • #1202: 2 Bds | 2 Ba @ $1.095M (7/30/21)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.65
  • Price / ft²: $1,025
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Marina/Canal, Ocean
  • Furnished: Partial
  • Property Condition: Above Average
  • Owner Occupancy: 34%
  • Management Company: Associa Hawaii
  • Security Features: Key, Keyed Elevator, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Fire Sprinkler, Meeting Room, Pool on Property, Sauna, Security Guard, Trash Chute, Walking/Jogging Path, Whirlpool
  • TMK: 1-2-6-11-1-34
  • Tax Assessed Land: $223,200
  • Tax Assessed Improvements: $1,054,800
  • Tax Assessed Total: $1,278,000
  • Courtesy: Coldwell Banker Realty / (808) 738-3904
  • MLS: 202510991
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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 December 07, 2025.Information is deemed reliable but not guaranteed.
Other The Watermark Listings
$1,149,800
The Watermark #1603
2 Bds | 2 Ba
1,189 ft²
$1,180,000
The Watermark #401
2 Bds | 2 Ba
1,196 ft²
$1,199,900
The Watermark #803
2 Bds | 2 Ba
1,113 ft²
$1,080,000
The Watermark #1003
2 Bds | 2 Ba
1,118 ft²
Other Metro Honolulu Condos
Waikiki
$1,050,000
Lanikea At Waikiki #2804
2 Bds | 2 Ba
1,025 ft²
Waikiki
$988,000
Allure Waikiki #1004
2 Bds | 2 Ba
1,234 ft²
Waikiki
$930,000
Waikiki
$1,400,000
Ritz-Carlton Waikiki #D3102
1 Bd | 2 Ba
846 ft²
Kakaako
$1,150,000
Symphony Honolulu #2810
2 Bds | 2 Ba
1,142 ft²
Ala Moana
$1,100,000
Sky Ala Moana West #1502
2 Bds | 2 Ba
822 ft²
  • Asking Price: $1,140,000
Description
Discover luxurious island living in this exceptional Waikiki Residence. The inviting lobby sets the tone, while the gym overlooks a lagoon-style infinity pool and lush gardens. This 2-bedroom, 2 bath home features 2 garage parking stalls, a spacious 1,112 sq ft interior, and 76 sq ft lanai. The gourmet kitchen boasts granite countertops and Viking appliances. Bedrooms are thoughtfully separated for privacy. Enjoy top-tier amenities, including a relaxing sauna, walking path, water features, BBQ area, concierge services, and 24-hour security across four acres of land. Conveniently located near Waikiki Beach, Ala Moana Beach, Ala Moana Shopping Center, and fine dining, this property is an exceptional investment opportunity. The seller, as a second-home owner, did not use it much.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 07, 2025.Information is deemed reliable but not guaranteed.
    • Sep 08, 2025 Price $1,140,000
    • Apr 29, 2025 Listed at $1,155,000


    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
    $1,149,800
    The Watermark #1603
    2 Bds | 2 Ba
    1,189 ft²
    $1,180,000
    The Watermark #401
    2 Bds | 2 Ba
    1,196 ft²
    $1,199,900
    The Watermark #803
    2 Bds | 2 Ba
    1,113 ft²
    $1,080,000
    The Watermark #1003
    2 Bds | 2 Ba
    1,118 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.
    Learn about property tax rates.