In today's Seller's market on Oahu, inventory is typically hard to come by. Let alone, finding something cool, unique and in a boutique building in Diamond Head like Colony Beach. The listings are typically so rare that I decided to write an article on it last year. As expected, that listing sold pretty quick at $2,350,000. Today, that same penthouse is back on the market for $3,400,000.
View from Colony Beach Penthouse #8 (MLS # 201335025) which is back on the market
Although priced over $1 million more than it's previous sale 19 months ago, it still might not be too far out of the question in today's environment. It's a penthouse, boutique building on the ocean at Diamond Head. In other words, a rare gem. We'll see what a buyer is willing to pay. In addition to this Penthouse #8, unit #2 is also available for the same price of $3.4 million. It's listed on paper as being over 200 sq. ft. larger and on a lower floor (less stairs if there's an elevator problem).
2nd Floor Unit #2 at the Colony Beach (MLS # 201328324) also listed for $3.4 million
Regardless of price, Colony Beach is a treasure. It's one of only 3 buildings on the Gold Coast where you have 1 unit per floor, which is quite rare as a whole in Honolulu. If you're interested in something private such as this or anything else here on Oahu, let us know how we can help. It's not every day you see 25% of the inventory in a building (2 out of 8 units) for sale. Chances are once these go off market, it could be years again before one sells. Considering this is oceanfront, when you compare to condos in New York and San Francisco, these prices are still looking quite attractive...