This past week there were two Penthouses that hit the market in Kakaako. One was at 1350 Ala Moana, which was Kakaako's original luxury tower. The other is at Waiea, Kakaako's latest luxury tower.

1350 Ala Moana PH3

1350 Ala Moana PH3 View Over Ala Moana Beach Park

Penthouse 3 at 1350 Ala Moana (MLS #201614039) priced at $1,040/sq. ft.

The new listing at 1350 Ala Moana is a great bargain in my opinion. It's a 2 bed, 2 bath unit set one back off Ala Moana Blvd (PH 1 & 2 front the street) with 1056 sq. ft. of living area and priced at $1,098,000. The only downside to this building is the unit only comes with 1 parking stall. Other than that, it's a great value compared to all the new offerings in Kakaako and One Ala Moana across the street on the Diamond Head side.

Waiea Grand PH 36B

Waiea Grand PH 36B

Waiea GPH 36B (MLS # 201612214) is priced at $3,573/sq. ft.

Our company recently listed the Grand Penthouse 36B at Ward Village's first luxury tower of Waiea. As you can see from the rendering, it is apples and oranges when comparing to 1350 Ala Moana. The question one might ask is what justifies nearly 3.5 times the price/sq. ft? Well, as you can see it comes with your own infinity pool. This unit is also larger than most single family homes on Oahu with over 10,000 sq. ft. interior and offers 5 bed, 5.5 baths and 4 parking stalls.

Granted the asking price is 50% higher than the highest single family home offering on the island and over 3-4 times higher than the highest condo sale ever on Oahu. However, when comparing to other luxury markets across the globe such as New York, San Francisco, Sydney, Hong Kong, Tokyo, Singapore, London, Paris and Monaco I'd definitely have to include Honolulu in that mix... For someone with the means to purchase in this price range, this should be on their radar as well.

To learn more about these units or other Penthouse offerings in Honolulu, feel free to contact me for more information.