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Keauhou Place is certainly one of the standout properties coming up in Kakaako. Built adjacent to Honolulu’s proposed rail line, Keauhou Place offers both amazing location and accessibility along with great prices. If you’re new to the Kakaako neighborhood and want to know what all the fuss is about, you’re not alone! Buyers from near and far are purchasing in the growing neighborhood because of the promising future it beholds. In fact, leading real estate search website Trulia recently named Kakaako one of the best neighborhoods in America. Thousands are flocking to the urban oasis for its burgeoning restaurant scene, lively nightlife, shops, playgrounds, and more. Plus, its walkability is bar none in urban Honolulu.
Who? What? Where?
Keauhou Place is located on the westside of Kakaako right next close to downtown, restaurant row, and Kamehameha Schools’ commercial development, Salt. Keauhou Place is a joint venture development between Stanford Carr and landowner Kamehameha Schools.
The mixed-use residential commercial project will include 388 condos in its 43-story tower and 35 townhouse units. The main tower will include 133 one-bedroom, 215 two-bedroom and 40 three-bedroom units. The mid-rise townhomes will be comprised of 20 two-bedroom and 15 three-bedroom units along South and Pohukaina Streets. A total of 85 units are set aside for reserve housing, which are currently sold out.
With The Collection completely sold out, except for a handful of townhouses still available, and Ae’o being the only other property with units priced below $1 million, prospective buyers and investors are looking toward Keauhou Place.
There are still nearly 30 units available:
1 bedroom’s from $692,900 ranging from 709 sq.ft. to 711 sq.ft. (3 units left)
2 bedroom’s from $871,900 ranging from 909 sq.ft to 1,075 sq.ft (11 units left)
3 bedroom’s from $921,000 ranging from 1,258 sq.ft to 1,397 sq.ft (10 units left)
3 bedroom townhomes from $1,045,000 from 1,629 sq.ft. (4 units left)
Keauhou Place is located in the heart of Kakaako and will offer a contemporary urban living experience. Think spacious floor plans, top-of-the-line energy efficient appliances, beautiful finishes and ocean and mountain views. These units are ideal for young professionals, families, and anyone looking to live or invest in Kakaako at an affordable price point.
How It Compares
The Symphony Honolulu recently finished construction with buyers moving in just a couple of months ago. We’ve seen a bunch of units hit the market in the past few weeks as investors look to make a quick return on their investment. A one-bedroom recently came on the market there: 672 sq.ft. of living on the 39th floor, facing mauka (mountains), purchased originally from the developer in late 2013/early 2014 (when pre-sales were launched) for $574,000. This unit was listed at $699,000 and went into escrow in TWO DAYS, leading me to believe they got their asking price or more. This shows there is still a lot of value in the Keauhou Place one-bedroom pricing, especially when you consider the building won’t be completed for another year and a half, which is a year and a half of time to build equity.
If you’re interested in living the Kakaako lifestyle and want to know what the first step in the process is, please feel free to reach out to me. I make it a priority to get to know each of Kakaako’s development projects inside and out so that I can help you find the perfect home for you.
Send me an email for more information at Holden@Kakaako.com.