Real Estate Stories

Choosing The Perfect Kakaako Condominium


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With so many Kakaako condominium projects in the works, it’s tough to know which one is right for you. Timing is crucial, so a few things I always tell my clients to consider when looking for their home sweet home are location, amenities, space, and view.

Location, Location, Location

Deciding which part of Kakaako you want to live in is half the battle. If you’ve just got to live a five minute walk from the beach, consider something just across the street from Ala Moana Beach Park like 1350 Ala Moana, Hokua, Nauru Tower, Six Eighty, or the soon-to-come Aloha Kai. If you’re in the market for a neighborhood within a neighborhood, consider some of Kakaako’s planned live-work-play options that have parks, amenities, restaurants, shops and even supermarkets within the development like Alexander & Baldwin’s The Collection or Kamehameha School’s Keauhou Lane.

The View From Here

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Whether looking out over the vast Pacific or into the always-lush Koolau mountain range, a view of paradise can be magical for both you and your condo’s resale value. Be sure to consider whether or not there will be a future development near or in front of your building and if that development might block your views. If that’s important to you, thinking about moving forward on a building on Ala Moana Boulevard like Hokua, Hawaiki Tower, Nauru Tower, Howard Hughes’ upcoming luxury tower, or the slightly more affordable 1350 Ala Moana. Buying here means that as long as the Pacific Ocean stays put, your view will too

Amenities Galore

Infinity Pools, state-of-the-art gyms, valet service, and in-house dry cleaning are just some of the amenities that Kakaako condominiums have to offer. So what’s the catch? The amenities and the services are typically reflected in the maintenance fees and yes, you still have to pay even if you don’t use them. It’s important to ask yourself, “will I use these luxuries?” If you can do without the infinity pool and would prefer to park your own car, you’ve got plenty of more affordable options. One of my favorites is 909 Kapiolani. Situated at the corner of Ward Avenue and Kapiolani Boulevard, the condo features one of the lowest maintenance fees in all of Kakaako.  If you want it all and you’re willing to pay the price, Hokua is a must see–tennis courts, steam room and sauna, basketball courts, a business center and valet are just some of the top-of-the-line amenities you’ll enjoy.

Simple Space

Lastly, if you have your heart set on Kakaako but you don’t have millions to spend, don’t worry. You might consider a slightly smaller unit, like renting a studio loft at Six Eighty or purchasing a one-bedroom condo at Moana Pacific. You might have to de-clutter, but you won’t miss out on the dynamic and exciting growing community that is Kakaako.

Your turn: Are you in the market for a new condo in Kakaako? If so, what are you looking for most? Tell me in the comments below, or join the conversation on Facebook. You can also reach me direct at Holden@Kakaako.com

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  • John Garcia
    September 10, 2013 at 2:08 am

    Awesome post, Holden! Thanks for sharing this insight! How far off is the big Kakaako condo boom from actually becoming a reality? I know that most of these projects are planned or being developed now… but when can we expect people to actually be moving in to the neighborhood?

    • Holden Lau
      September 10, 2013 at 5:38 am

      Hi John,

      Awesome question. From a realtors perspective, I think that the Kakaako condo boom is already upon us. In the last 30 days alone, more than 30 Kakaako condos have sold. That means more than 30 new residents have recently moved into the neighborhood. Kakaako currently has four condominiums under construction including One Ala Moana, Waihonua, 801 South, and Halekauwila Place. Additionally, two condominiums are currently in the early sales stages, including The Collection and The Symphony. The projects under construction should be completed within the next two years and the projects currently in sales are slated for completion in three. These condos alone will bring thousands of residents into the neighborhood within just a few years.

      For more information, visit my website at http://www.HiResidential.net

      • John Garcia
        September 10, 2013 at 8:39 pm

        Holden – thanks for the insight! How many total new residents are expected to move in to Kakaako over the next 5-7 years? I’ve heard as much as 15-20k new residents!? Is that accurate?!

        • Holden Lau
          September 11, 2013 at 6:50 am

          Hi John,
          Within the next 3-5 years, Kakaako will see somewhere near 4,500 residential units. Figuring there will be anywhere between 1-4 people living in each unit, an average of 2.5 per unit, we’re looking at around 11,250 new residents moving into the neighborhood give or take a few thousand since some units will be used as second homes or investment properties.

          Is there a specific condo or development you’re interested in?

          For more information, visit my website at http://www.HiResidential.net.

  • Francis
    September 26, 2013 at 8:35 am

    Hi

    I just got a 2bd/2ba at the collection for us to move into.

    Now, I’m looking for good rental income real estate ideas. Do you have anything?

    Thanks

    • Holden Lau
      September 26, 2013 at 9:27 am

      Hi Francis,

      Thanks for your comment. I’m glad you were able to get in on The Collection, it’s a great development and also a great investment. There are many opportunities for real estate rental income here on Oahu. I think there are different opportunities that require different levels of investment, but ultimately it depends on how much you are willing to invest because that will determine if you will see positive cash flow.

      I’ll email you to get a better idea of what you’re interested in. Thanks!

  • Kakaako | Explore places to eat, shop, learn and live
    November 25, 2013 at 10:52 pm

    […] There is a shortage of single-family homes in Honolulu, and that’s driving up the prices of the little inventory available. It’s getting increasingly expensive to own a house in town, making high-rise living all the more attractive to first time home buyers. […]

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  • Metra Martins
    August 7, 2015 at 5:03 pm

    Interested in Kakaako condo. 1-2 bdrm. Ocean -amenities not necessary. Least price preferable.

    • Holden Lau
      August 7, 2015 at 8:35 pm

      Aloha Metra,

      Look out for an email from me! Thank you for commenting and I look forward to working with you moving forward.